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Early Retirement


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2022 Jun 5, 7:03am   3,714 views  42 comments

by GreaterNYCDude   ➕follow (2)   💰tip   ignore  

I want to be able to retire at 55. Not that I WILL retire l, just want to be in a financial position to do so.

(59.5 is more realistic, as it would avoid early withdrawal penalties from my retirement accounts.)

I'm maxing out a Roth 401(k) evey year. Accounts been whalloped this year, but stilll is worrh about $600k. It has plenty of time to come back. I have almost two decades to go.

House is on track to be paid off in under ten years.

The only thing I don't have is a side investment account. Have thought about it, but yet to act.

For those of you who have retired early, any advice, not only how you were able to do it, but also if your retirement is matching your expectations. Part of me thinks I'd go crazy not working, but I want to work because I choose to, not because I have to.

My cost of living us relatively low. (Although its gone up mostly if fuel costs) I don't drive fancy cars or carry a ton of debt. Biggest splurge is going out to eat once or twice a week.

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41   KgK one   2024 Feb 20, 11:30am  

Money is major concern , between ss + small pension , n investment incomes should be ok as long as I don't live large.

Only need one car then, n Uber if needed.

What kind of hobbies do you guys do to keep busy?.
Tv , only so much u can watch.
Gardening
Helping kids n grandkids
Exercize, walking
42   AD   2024 Feb 20, 12:27pm  

.

One thing the retirees can do is work at home such as take surveys

Legit work from home sites have a lot of those type job listings

Check out Rat Race Rebellion and also Work at Home Job Queen

Can earn about $7 an hour at home, and about $15 a day to help pay for bills

I like the gardening mention as you can grow cherry tomatoes easily in pots... I like the cheap fabric pots sold on Amazon ...

Agree about walking, as it should be at least 5 days a week for 1 hour each walking session

.

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