You Won’t Retire Two Years Early—Here’s Why

I will and I did! 😁 Retired in April of 2023 at 60 years of age. I was making fantastic money at a great job with great people. It was absolutely the right decision. My health has never been better. Every day is Saturday. I do what I want every single day.

I am telling my boss that I am going to retire tomorrow, 2.30pm GMT as my boss is in the US. I am 56, I have a great job with excellent benefits but I want to go.

I just retired at 57! DB pension, no debts, homeowner, personal investments is the key 👌. After teaching high school for 32 years I hired a financial planner and he found more money 💰 then I anticipated. Key: hire a financial planner for ALL the numbers.

If you don't have a pension you need to turn your portfolio into a pension in conjunction with your SS and base your expenses based on that basically guaranteed income. Not too complicated.

I’m 54 and want to retire in 6 months. I have a $40K annuity, plus a 401k depleted to $200K of money that I’m not sure what I can do with at this point. My retirement plans seem to be out the window. Is it a good idea to get professional help?

For most people, early retirement is not possible due to the need for the health insurance tied to their job. If The US implemented a true national healthcare/heath insurance plan, millions would retire earlier. Which if you think about it - maybe that is why the politicians won't pass a national plan. They want people working and paying taxes as long as possible.

Just came upon this video and look forward to viewing prior ones. Ty I just Liked & Subscribed

Thanks, Nick; I appreciate your outstanding content!

I retired at 52 seven years ago. Retirement is good.

I live in Florida and nearly all the retired businessmen and employees that I have spoken to said full retirement was a sad mistake. They mostly suggested to reduce workload as one ages. Retirement is boring and made costly by the real unreported inflation. For many retirees, an active life on a golf course is a costly way to become a sickly alcoholic.

I didn't have enough savings and I was in debt (to retire earlier) so I've put it off until this month (1/2024) which is my full SSA retirement age (66 1/2) BUT I (still) only have $200,000 in savings, so I'm going to keep working full time to boost my savings.. I have NO debt, V.A. health coverage (I have no health problems) and I can save over $45,000 yearly, so I'll work for at least several more years. I really like my job, it's very flexible, giving me plenty of "free time" to do things I want to do and (really) I've already been to a lot of places and done a lot of things, so there's no big "things" I want/need to do which demand more free time. I want to have enough financial security when I get "really old" and have more "needs" which will require more cash, and I would prefer to not be burdened with financial woes on the "downslope" of my life.

Great information.

There is always a reason to stay. For us it is retiree medical at 55 in 13 months. I really think that I could have walked away at 50 but medical and another 5 years of service on my pension and 401K being maxed out are very attractive reasons to stay as well. In my world 55 is still young and it has been the goal since I was in my 20's. It helps to have stayed with the same employer that long.

I retired twice already and found it highly overated. Now i hope to keep working as long as i live. You are dead on accurate about fixed income not being profitable enough to retire on the stock market is where its at. ❤

I retired at 61 in July🎉 but went bsck to work Part-time in Jan as i had plsnned. I get full healthcare. Started my Pension (it was frozen wud not grow) i will] prob work this entire yr? I can take soc sec now ao when i want to stop i can. I work a few days and then am off 6 days in a row! So almost every othrr Week Off!

Retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My parents both spent same number of years in the civil service, but my mom was investing through a wealth manager, and my dad through the 401k.

We are planning to retire 15yr and 13yrs early. We have a great chance of making it with a significant portfolio and a current savings rate of 38%+ monthly. It ales effort, but it’s possible!

Our houses (have main home and rental) will be paid off when I turn 68, but want to retire when my wife turns 68, so I'll be 70. This will give us time to raise enough money to buy a newer car, throw in that last year and half to pour the max into retirement which aiming for $1m if things go right, $750K if it doesn't. We are on the path of totally being out of debt, but then will work part time to have play money. Also we are on a health plan that will also ensure we are in good health at retirement.

Yep. I’m retiring this April. The only thing that concerns me is the cost of healthcare. The so called Affordable Care Act is not affordable at all for me! I guess I am going to be bringing it too much money with SS, pension and my wife working part time. Looking at using the medical share programs.

The REAL reason people dont retire early is: Defined Pension Plans were done away in the private sector decades ago by The Capitalists, and the working class was sold 401K plans instead, shifting the responsibility of investing onto the workers. The results: The Capitalist Class has benefited greatly from this propaganda of Self-Funding Retirement, while the workers median TOTAL RETIREMENT SAVINGS for someone retiring today is just $16,000 per household, which is an unmitigated embarrassing disaster. THATS the reason.