Forum Discussion
Redsky
Jan 10, 2014Explorer
My wife and I did something similar as we worked in high tech with each of us having income in the 6 figures and we started a business 10 years ago at age 52 that required no employees only contracted for manufacturing and warehouse and distribution services which we fully automated. We now work about 10-15 hours a week and can take many weeks away or even out of the country as we only need internet access to monitor the business.
Our next door neighbor who had waited until he was 65 to retire found out at age 67 that he had Parkinsons from his Vietnam agent orange exposure and so for the past 5 years he has been confined to his bedroom. With another couple I have known for more than 30 years the wife was diagnosed at age 65 with cancer last May and she died last week.
We are unique in having to work until we are 65 years of age. In Europe and Scandinavia retirement age is in the low 50's. There are no guarantees you and your wife will be in good health for the next 20 years or even for the next 2 years.
There are also tradeoffs between time and money. If you can travel during the low or mid season you avoid crowds and save money. Same applies to spending more time at a destination as the travel costs are the same whether you are there for 2 days or 2 months.
Our next door neighbor who had waited until he was 65 to retire found out at age 67 that he had Parkinsons from his Vietnam agent orange exposure and so for the past 5 years he has been confined to his bedroom. With another couple I have known for more than 30 years the wife was diagnosed at age 65 with cancer last May and she died last week.
We are unique in having to work until we are 65 years of age. In Europe and Scandinavia retirement age is in the low 50's. There are no guarantees you and your wife will be in good health for the next 20 years or even for the next 2 years.
There are also tradeoffs between time and money. If you can travel during the low or mid season you avoid crowds and save money. Same applies to spending more time at a destination as the travel costs are the same whether you are there for 2 days or 2 months.
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