| How to retire young should be a question more | | | | they must have to retire. |
| people raise in today's poor economic climate. | | | | It usually goes like this you have to have 20 years of |
| Instead it seems more people want to continue to | | | | what you spend to retire ( the 4% withdrawal |
| work, accumulating more money, to make sure they | | | | crowd) or you must have enough assets to provide |
| won't outlive their resources. | | | | 75% of what you spent when you worked. |
| Why not take the approach of retiring young while | | | | The number one reason you think you need more to |
| you can enjoy yourself? | | | | retire than you really do is...you think you are going to |
| What are the things that could happen if you do | | | | live in the same neighborhood, doing the same things |
| retire young? | | | | in retirement that you did when you worked. |
| * You really enjoy being retired, and decide to live on | | | | This mindset is poison when you ask how to retire |
| less to stay retired. | | | | young? The answer is you can't. Let's take a "normal" |
| * You wonder what took you so long to retire | | | | retirement scenario. Realize there is no normal |
| * You retire, don't modify your spending, have to | | | | scenario, yours is unique to you, and you alone. Let's |
| return to work. | | | | say you move to Florida to fish, play golf, enjoy the |
| * You retire, modify your spending, supplement your | | | | grand kids. |
| income with part time work, in order to stay retired | | | | What you are not doing now is buying suits and |
| In any case you have experienced retirement at an | | | | dresses for work. You won't need a winter coat. |
| age where you can really enjoy yourself. No one can | | | | With a little planning you won't need 2 cars. You |
| take the experience away from you. Do you see a | | | | won't feel the need to compete with your neighbors. |
| downside? | | | | Whoever thought of: " He who has the most |
| The alternative, which we have been led to think is | | | | toys...wins" was close to the truth for most people. It |
| the norm, is wait until you are 65. "Normal" retirement | | | | is a deadly mindset, that makes retirement seem |
| age...That's not how to retire young. If you retire at | | | | unattainable. |
| 45 vs 65, it is almost a given you will be in better | | | | You will spend less when you retire if you realize that |
| health, have more energy, want to travel more, etc. | | | | retiring with less is better than working and "waiting" |
| Why does this fact escape most people? Why not | | | | for a certain number to appear on your statement. |
| enjoy life while you can? Who can assure us we will | | | | By working you are swapping years for dollars. |
| be on the right side of the sod at 65, 55, and 75? | | | | How to retire young should be an easy question to |
| The erosion of retirement assets in 2008 was | | | | answer. Stop working, enjoy yourself while you are |
| staggering. Anyone close to retirement has opened | | | | still able physically. The longer you wait the closer you |
| their brokerage statements with fear and trembling. | | | | are to your memorial service. The worse thing that |
| This should make us pause and realize that there are | | | | can happen is returning to work. If you get a taste |
| really no guarantees in life. The reaction, that is so | | | | of retirement, and enjoy it like I know you will. I think |
| depressing, of most folks is...after 2008, now I can't | | | | you will exhaust all the options for frugal retirement |
| retire until I work another 5 or 10 years. Why? To | | | | living before giving up on retirement. |
| reach a magic number that their financial planner says | | | | |