Have you ever had a retirement plan done for you by a brokerage house or financial institution? This will give you insight on how your net worth will look like 30 or 40 years from now. I have had these done for my wife and I since I was 50 years old. Looking no at these reports and applying common sense, my wife retired at 52 without a hiccup. I could have retired at 55 without a problem but I was making really good money and loved what I was doing so I continued working. From 55 on, I started doing more sports during the middle of the day and the sessions started increasing from 1 hour a day during lunch to over 2.5 hours a day over lunch.
What got me to convert to retirement, while on a cruise, some younger friends asked us to go on 10-15 cruises with them during the year and when I told them I worked, they asked me: “how much do you really need before you retire?” After a few minute conversation with my wife, when I came home I put in my resignation.
Since I retired, I had many offers to contract/consult for more than I was making while working full time, but I refused each offer.
I play all day long and I don’t want anything get in the way with what I want to do.
Inflation will occur, housing will keep going up, taxes will go up, food will go up. SO! Life happens. My rate of investment gains is 4x the inflation rate. There are ways to decrease your vulnerabilities to inflation/increased costs/bear market so you can sleep at night and still make money
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