27 Jul 2023 8:42 am
Looks like you have considered quite a bit about retirement, just one thing you forgot. Plan on your plan changing.Skans » 26 Jul 2023, 8:00 am » wrote: ↑ Skans' Rules of Retirement:
- Save and invest enough money over your lifetime so that you can comfortably retire some day. Make sure you have enough saved to live comfortably well into your '90's, with a substantial "buffer" for things you can't predict.
- Retire from highly stressful work as soon as you are financially able to.
- Then, work for yourself or find a hobby (something that will not make you enough money to live on) that challenges you and you love doing.
- Incorporate a regimented exercise routine in every day
- Incorporate regular social activities through out your week
- Social Security - consider it a monthly bonus. Take it as soon as you can, because you may die before receiving the extra money for delaying. And, if you NEED social security to live on, then you are not ready to retire.