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Later, as I got older, I started eating 2 meals a day, until now I'm OMAD.
3 million bucks is surely enough for 30-40 years of living off the money, especially assuming social security.
There are funds which pay high dividends so you're not going to deplete your capital.
... or hold stocks until they recover? Nice if you can, nasty if you can't.
Certainly, older workers have responded to the sudden rebound in demand within the labor market—a rebound that came about because of government stimulus efforts, he continues.
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(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.