Quote:
Originally Posted by Boston-Sean
My one and only worry about retiring early is running out of money in my 80's/90's.
Having grown up dirt poor I'm pretty sensitive about going back to being dirt poor again.
Maybe I missed them but I haven't seen any posts from people in their 80's/90's advocating for retiring early.
Obviously there are no guarantees that any long term financial plan will play out as expected but for sure I know that the best way to ensure you don't run out of money in retirement is to keep working and delay the day when you start drawing down your nest egg.
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If Craig's financial guy says that he is good until he is 94 but wishes to plan until he's 100, he probably can do that without working. He would simply adjust his spending accordingly.
I'm not sure how much Craig's current home will sell for, but if he downsizes into a smaller/less expensive home in TV and pays it off, he could use the remaining proceeds from the sale of his home to help bridge the gap between 55 and 65, too. That, of course, assumes that he has significant equity in his current home and that his current home is significantly more expensive than the home in TV will be.