J
James H.
Retire when passive income > expenses.
As your passive income increases and/or your expenses decrease, you get closer to early retirement :)
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Retire when passive income > expenses.
As your passive income increases and/or your expenses decrease, you get closer to early retirement :)
As soon as possible!
I wish I would have starting planning long ago for retirement.
When i die
What age is retirement age? I am 62 and would like to retire early at 62. Should I?
I believe it is 67 but they want to increase it to 70 which is ridiculous. That's the ave you can get the max benefits
IMO the best time to retire is as soon as you can.
Money could be worthless in 5 - 10 years the way the world is going so I retired early.
When your Safe Withdrawal Rate hits 2-3%
I would say when you can afford to don't you think or you may have a health problem that would speed up things
I want to retire
Don't try and retire early unless you definite plans and the means to achieve them. Find job you love and keep active.
Wish I would have started way earlier
There isnt
I retired at 63 but will wait until FRA to take SS
One thing one has to consider before retirement is how much income potential do you have. If you make too much money and collect retirement then you will have to pay 50% taxes on the money you make and this is not a good thing. If however you make little money than collecting retirement can supplement that small income that you make.
65
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62
I read more about retirement and it's when you retire too early that you can only earn a certain amount from working or get penalized with high taxes. If you retire at your corresponding retirement age you can earn all you can and not get penalized.