Retired at THIRTY FOUR??? I would have gone stark raving mad. They couldn’t have chose a worse poster child for this article — some spoiled brat who thinks he can work a decade and then lead the life of Riley. Cry me a river.
What about all the people who planned to retire between 65 and 70 now finding themselves having to work a decade longer?
I see elderly men working as bag boys. Some of them look like they’re in pain, yet they’re working a regular job that I had as my first job in high school. I doubt they’re working because they want to. They’re working because they need to. At Publix you aren’t even allowed to tip them. Life sucks and then the government increases the money supply to make some politician look like he’s not destroying the economy. I lost count of the number of times Obama increased the money supply in a desperate attempt to look like his takeover of GM hadn’t sunk the economy. That one move caused so much damage that even tripling the amount of money in circulation couldn’t make up for it. Then, along came Covid. I’d say the government spends money like a drunken sailor. But a drunken sailor is spending his own money and he stops when it runs out.
I was working 3 days per week (12 hour days) then got Covid on March 1. I resigned 2 weeks later because I was still extremely tired and did not want to return to work. I miss the second income and am now sorely reliant on my SS check and savings. It’s doable because I have everything paid off. My monthly bills enable me to pay them and still deposit the remainder to savings. I also use CareCredit, if needed, for large purchases (vet bills, dental) that I can pay off monthly with no interest, usually within 18 months. Tip: pay EVERYTHING off before you retire.
Mr Dogan did not take into account our government forcing interest rates to 1% since 2013.
In the good old days when it was easy to invest $3 million in bonds yielding 7%, he would have earned $210,000 per year.
And he could have easily paid for his kids to get a useless college degree.
I love work. I’ll never retire. They’ll find me dead on the office floor.
I planned to retire at age 55 from age 17.
I presumed Democrats would Fuk things up so I planned for that also.
My plan was very simple, debt free, humble lifestyle
(although I owned a 45 foot sailboat for 8 years or so), rural land with a humble home.
I know own 5 acres in Hawaii, two houses and a large shop with an ocean view.
Secret? There is none.
I married the girl next door, worked my ass off, and lived a very humble life.
I’d add religion into the mix but most guys would tune that out.
Even BEFORE bideniflation this guy thought his eighty thou would survive his kids (plural) college costs?
Inflation has ruined my retirement and I am six years into it now so way too late to be anything but a walymart greeter.
At a certain age-in my case 82-the notion of “running out of money” becomes less of an impetus for going back to work or taking a part-time gig. Physically I still could but practically speaking, my chances of running out of money get slimmer each day.
I just went back Thursday after two years as a man of leisure.
Probably time to update Brandons latest statistics.
Expecting 3 million to last 45+ years would be slightly uncomfortable even if we had no inflation. Doing it when the left is doing their normal job of effing up everything they touch is a sign of a complete dumb*ss. Remember, Trump was only an upward burb adjoined by teh Dorkbama and Biden flushes. Honestly, if we ever regain control, we have to seriously think of what HAS to be done to the left. Compared to them, cancer is but a mere flesh wound.
If this guy had to un-retire after just one year of stock market losses, he’s a bad representative of the FIRE movement.
I retired a few weeks after I turned 60. I have no plans on ever going back to work, especially since I make more in retirement than I made while working.
I went back to work pt. Not out of boredom. Not for the need of money. I have enough, but more is always good. But because I was asked. I do sound 10-12 hours a week for 2 radio stations. I have fun. It’s my golf or bridge. And I get $$$ for it.
Serious subject turned into clown world by using a fire retired 34/44 year old. Throw in the need to pay 1.5 in college for his kids. Seriously ?
I’m 66 and thinking about retiring when I turn 67. I’m still in decent health and still enjoy my job, so I haven’t been in a hurry. I have a narrow field of expertise (industrial quality management systems) that allows me to work mostly with my brain (or what’s left of it) and that makes me difficult to replace in this increasingly de-industrialized world. And I’ve never been able to put enough away in a 401K for retirement - fortunately I have pension money from the bygone days when private industry still paid pensions stashed away. Even so, it’s hard and a little scary to give up a salary and benefits in these Brandonized times.
Save save save, retire early, have to work anyway. You can’t be in tue rat race after you retire, fool.
Me? I’m planning on 65, hoping for the best. I’m a disabled veteran, so won’t have to shell out a bunch for my medical insurance. That’s a relief. Hope to have the house paid off by the time I retire.