Is There An Ideal Age To Retire? Story

Is There An Ideal Age To Retire?

There are obviously different circumstances that play out when it comes to deciding to retire. You might have been pushed out of the workforce. You may have decided, come hell or high water, you’re out of the rat race by age 45.

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[{"selector":"#anim-3de37041-a1d9-4df1-80fa-4cf08da74238","keyframes":{"opacity":[0,1]},"delay":0,"duration":2400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9d48fcdc-9e0e-4c21-b57f-56bb34eeb16a","keyframes":{"transform":["translate3d(0px, -95.51396%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Wealth is more than simply having money. Wealth offers choices and freedom. It can empower you to invest in anything that supports your values, purpose, and goals. Learn more about how to create your own rich life. Read More

Financial Readiness To Retire

The amount of money you need to retire depends largely on your estimated retirement expenses and other sources of income.

Non-Negotiable Expenses

Covering your home, healthcare, food, and utilities are 100% non-negotiable. Granted, you can cut back on some of these, but you need the basics to survive. Read More

Reducing Expenses

Reducing expenses yields more after-tax “bang for your buck” than adding additional income. It’s also hard to do once you’re accustomed to a certain quality of life. Read More

One big expense you can reduce is paying off your mortgage if you haven’t already. You’ll still need to cover property tax, utilities, and maintenance.

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