How Much Money Does It Take To Retire?
Monday, 08 February 2010 09:18
Author: Gary Pierce
How much money to retire is a question many ask...I propose it is the wrong question to be asking.
How much money to retire is a question many ask...I propose it is the wrong question to be asking.
A better question to ask might be...how much longer can I afford to wait? As we are accumulating more and more, we are getting older. No surprise here.
When retirement planning focuses solely on dollars...it neglects a fact we are all aware of...as we age we physically are less and less able to do the things we enjoyed when we were younger. No kidding.
I am not talking solely about sex either. As you age do you develop more or less aches, pains, ailments, etc? I thought so...as you age you are slowing down. Aging should be given more weight in retirement planning.
If you think retirement will be spent on the golf course, five to seven days a week ask your self a question...and be honest. How much further do you hit the ball compared to 10 years ago? Hmmm....
While you are waiting to accumulate that gob of money your financial planner tells you is necessary..you are enjoying golf less and less. who plays better as they age...very few, certainly not me.
I retired at age 49, fifteen wonderful years ago. When I told my friends I was retiring they would ask...how much money to retire? Now... these same friends are still working, have lots of money and are all in poor health.
I contend there is no correct answer to how much money to retire. We retired to a sailboat in the Caribbean 15 years ago. I doubt I am presently physically capable to perform some of the necessary boat tasks that come up. I am 64, then I was 49...big difference.
If you have seen your IRA's and 401K's tank, (mine sure did). It is not the end of the world. There are ways to retire on less while you can still do the things you want to do. You should explore them now...don't wait. You need to find out how to retire on less...and have more fun. Interested?
How much money to retire is a question many ask...I propose it is the wrong question to be asking.
A better question to ask might be...how much longer can I afford to wait? As we are accumulating more and more, we are getting older. No surprise here.
When retirement planning focuses solely on dollars...it neglects a fact we are all aware of...as we age we physically are less and less able to do the things we enjoyed when we were younger. No kidding.
I am not talking solely about sex either. As you age do you develop more or less aches, pains, ailments, etc? I thought so...as you age you are slowing down. Aging should be given more weight in retirement planning.
If you think retirement will be spent on the golf course, five to seven days a week ask your self a question...and be honest. How much further do you hit the ball compared to 10 years ago? Hmmm....
While you are waiting to accumulate that gob of money your financial planner tells you is necessary..you are enjoying golf less and less. who plays better as they age...very few, certainly not me.
I retired at age 49, fifteen wonderful years ago. When I told my friends I was retiring they would ask...how much money to retire? Now... these same friends are still working, have lots of money and are all in poor health.
I contend there is no correct answer to how much money to retire. We retired to a sailboat in the Caribbean 15 years ago. I doubt I am presently physically capable to perform some of the necessary boat tasks that come up. I am 64, then I was 49...big difference.
If you have seen your IRA's and 401K's tank, (mine sure did). It is not the end of the world. There are ways to retire on less while you can still do the things you want to do. You should explore them now...don't wait. You need to find out how to retire on less...and have more fun. Interested?
The writer
Here is how we answered how much money to retire? If you want information on the different frugal retirement living lifestyles we have enjoyed for fifteen years. Do not give up on retirement, go to this site.