How Much Money Does It Take To Retire?
How much money to retire is a question many ask…I propose it is the wrong question to be asking.
It should be how much longer can I wait before retiring. The longer you wait to retire the less time you will be retired. Do the math, time does not stop while we acquire more wealth.
Retirement planning that focuses solely on money…is not the smartest thing for you to do. Why? Because as we age we are less able to do the things we did when we were younger. Not shocking news I am sure.
If you think I am referring to sex…you are partly right, but there is more. We all develop ailments, aches etc as we age it is a fact of life. Despite our efforts on the stairmaster it is a fact. You slow down as you age. Think about it when you plan for retirement.
Let’s take golf for example. You think retirement will be 18 holes a day 5 days a week. Really…it sounds great. Now be honest, equipment improvement aside, how much further do your drives go compared to 5-10 years ago?
If golf, or any activity you enjoy, is your reason for wanting to retire…why wait while you age and can enjoy it less?
How much money to retire? I heard this from friends as I prepared to retire 15 years ago when I retired at 49. The good friends that asked me that question are currently still working, some wealthy, but most 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?
Here is how found the answer to how much money to retire? If you want information on the various frugal retirement living lifestyles we have enjoyed for fifteen years. Do not quit on retirement, visit this site.
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