early retirement?
Hello, My wife and I are almost 50, she's getting really sick of the rat race. She's been working fulltime since she was 16 and I've been working since I was 19. We already have a destination tr...
Forum Discussion
John&Joey wrote:
PAWATT
Yes, but you still hopefully have at least 20 years left to go (based on your prior post.) That thing about inflation and health care costs (unless you're military) goes for you (just like for me) also.
I saw my FIL living day to day at the end of his retirement. He thought his&her SS and his $230/month lifetime pension would keep him and my MIL happy forever. 25 years later my BIL and I were picking up the pieces (he owned his house at least.) I'm sure there are many readers of this forum that has had similar experiences.
My FIL never pondered what could be around the next corner, he just wanted to live for the moment. They did have a nice retirement in the beginning even if it was humble compared to others (small house north/double wide in Florida.) Between medicine, Florida getting costly, inflation on necessities, his buying power just eroded away.
I guess it's difficult not to get a bit philosophical or "preachy" when topics like these arise. Folks have brought up great points re: healthcare, happiness, really having enough money, social security considerations, etc.
MNGeeks61, I know you were asking specifically about landing at a specific park, but are you really ready to pull the trigger on this? Are you truly being realistic? Running out of money before time does not sound fun to me. Heck, maybe you've inherited a couple of mil and this is a no brainier for ya.
Reading between the lines, it seams like you might want to really crunch some numbers... although maybe you have.
Absolute best of luck to you in whatever you decide.
