quote:
I’m interested if most people that had this 40-45 retirement opportunity had kids late or don’t have kids. I do pretty well and feels like just getting by normally

Same here. I have good retirement savings and a paid for house but I think I would need to see 10 -12 K secure income inflation protected and health care benefits to have that make sense for me. I am past the concept of early retirement now at 57 but if I was in my mid 40's today for my own sense of financial security I would expect I would need over 4 million in investments plus insurance to have the lifestyle I want through retirement years.

I do not suspect most folks on this board are trying to retire in a tiny house and grow most of their own food so I suspecgt most have done a great job to accumulate assets, have acceess to heatlh care benefits or have a lot of money dedicates to pay for it or have a higher risk tolerance or better market assumptions than I do.

The only way I see this is health care, higher risk tolerance and higher accumulated assets than I have been able to do.

Fortunately I like what I do and 65 is likely my earliest time frame.

This post was edited on 5/11/24 at 3:56 pm

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Posted by Fat Bastard

coach, investor, gambler

Member since Mar 2009

73355 posts

Posted on 5/11/24 at 7:13 pm to agilitydawg

healthcare costs will keep many working into their 70s.

if we still had cheap insurance pre-obama it would be different. how the costs are rigged to punish the earners and middle class/upper middle class is a complete sham.

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Posted by lynxcat

Member since Jan 2008

24207 posts

Posted on 5/11/24 at 8:25 pm to agilitydawg

quote:
Same here. I have good retirement savings and a paid for house but I think I would need to see 10 -12 K secure income inflation protected and health care benefits to have that make sense for me. I am past the concept of early retirement now at 57 but if I was in my mid 40's today for my own sense of financial security I would expect I would need over 4 million in investments plus insurance to have the lifestyle I want through retirement years. I do not suspect most folks on this board are trying to retire in a tiny house and grow most of their own food so I suspecgt most have done a great job to accumulate assets, have acceess to heatlh care benefits or have a lot of money dedicates to pay for it or have a higher risk tolerance or better market assumptions than I do. The only way I see this is health care, higher risk tolerance and higher accumulated assets than I have been able to do. Fortunately I like what I do and 65 is likely my earliest time frame.

In this spirit, $5M invested assets and a paid off home is my target for financial independence. Health care is definitely another consideration…not going to worry about that one until I am closer to accomplishing the former.

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Posted by evil cockroach