OTHER MYTHS THE ARTICLE TRIES TO DEBUNK ABOUT EARLY RETIREMENT:
2. $1 million at retirement is nothing, you’ll need more
3. If you earn money after retirement, then you aren’t retired
4. Early retirement in a trailer sounds like a life of destitution
5. The 4% Trinity Study rule is antiquated and outdated. There is no way you won’t run out of money
I’m an early retirement survivor. Work stress forced me into early retirement. I don’t have the disposable money I’d like to have but that only guides me to better spending habits and careful budgeting. I live on an acreage which has plenty of opportunities for improvement. Thus I have a purpose every day to seek out and find the right project to make my place more habitable, enjoyable and aesthetically pleasing. I have a lifetime of things to be done so I am not bored nor aimless.
my husband retired at 58. He works part time now and could not be happier.
The best thing is if he starts to dislike this job, he quits!
I’m 68 and still working. Early retirement at 62 was too big a cut vs 65 or older. I don’t have to work and I’m amazed someone would pay me so much for so little. I did start my SS at 65 and use it to supplement my work salary.
Never had it so good.
There is an alternative to retirement called reinventment.
I reinvented at 60, and at 71 things are fantastic.
He must have wrote this article a while ago because this article from June, 2020 paints a very different picture of his “retired” life: https://thinksaveretire.com/steve-adcocks-2020-update/
For starters the already bought a house, so much for living out of a trailer for the rest of their lives. I knew that sort of lifestyle would be unsustainable over the long run, trailers are uncomfortable and very few people would choose to live in one permanently. I didn’t expect he would give up so quickly though. Next they lost $200k in the recent market downturn and had to cut their spending. Finally the guy seems to be working pretty much fulltime writing and speaking about how he’s “retired”. Don’t follow in this guys footsteps, I don’t think he knows nearly as much as he thinks he does.
In seven weeks I will retire at 65. The only thing “early” about it is that the government wants me to wait another fourteen months.
Our house is paid off. Our two cars are also free and clear, we haven’t had a car loan in 20 years.
We both have hobbies and plans to take many “one tank trips.” We’ll never be rich, but our income exceeds our expenses. I can’t wait!