Talk of The Villages Florida - View Single Post - Decision time, retire or don't retire that is the question.
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Old 04-25-2021, 04:46 PM
John41
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Quote:
Originally Posted by Craig Vernon View Post
Ready for our month of May visit and there is much on the agenda. Financial guy says we have enough to live at same level until 94 years of age. I turn 55 in September. Not sure I am ready to stop working but a change certainly wouldn't hurt my feelings. Bring on your wisdom and relatable points of view.
I would not leave such an important decision to an advisor without knowing details of the model and doing a sensitivity analysis on the assumptions. I would advise retiring early if you have no debt and at least $2 million in investments, a pension, health insurance and and do not spend your principal and are able to live within a budget. If you work part time you can still contribute to your IRA. I would also suggest avoiding annuities in your portfolio at this time.

Last edited by John41; 04-25-2021 at 05:27 PM.