I'm Not Yet 40 and Get $200K per Year From My Trust. When Is the Right Time to Retire?Retirement is defined by income, not age; effective financial management can lead to early retirement.
I'm Worth $8.5 Million At Only 40 Years Old. Is It Immoral To Retire Now, Or Should I Keep Working?Having $8.5 million saved allows for early retirement and a comfortable income, despite differing opinions from others.
What's the difference between FIRE, ChubbyFIRE, and FatFIRE? The Internet Weighs InThe FIRE movement promotes early financial saving for independence and retirement.Setting the right goals poses a challenge for many within the FIRE community.
I'm in my mid-20s and have banked $200k - sadly, I am about to lose my job and fear my early retirement dreams will be deadThe FIRE movement offers various paths to financial independence that cater to different lifestyles and spending habits.
We're in our 40s and have built a $5 million nest egg - here's exactly how it's investedA couple in their 40s has amassed a $5 million portfolio and aims for $7 million for early retirement.
I wanted to retire, but can't stop hustling for a few million I don't need. What is wrong?Achieving financial independence doesn't guarantee emotional readiness to retire early.
I'm Not Yet 40 and Get $200K per Year From My Trust. When Is the Right Time to Retire?Retirement is defined by income, not age; effective financial management can lead to early retirement.
I'm Worth $8.5 Million At Only 40 Years Old. Is It Immoral To Retire Now, Or Should I Keep Working?Having $8.5 million saved allows for early retirement and a comfortable income, despite differing opinions from others.
What's the difference between FIRE, ChubbyFIRE, and FatFIRE? The Internet Weighs InThe FIRE movement promotes early financial saving for independence and retirement.Setting the right goals poses a challenge for many within the FIRE community.
I'm in my mid-20s and have banked $200k - sadly, I am about to lose my job and fear my early retirement dreams will be deadThe FIRE movement offers various paths to financial independence that cater to different lifestyles and spending habits.
We're in our 40s and have built a $5 million nest egg - here's exactly how it's investedA couple in their 40s has amassed a $5 million portfolio and aims for $7 million for early retirement.
I wanted to retire, but can't stop hustling for a few million I don't need. What is wrong?Achieving financial independence doesn't guarantee emotional readiness to retire early.
I'm a 61-year-old retiree and thanks to strong investments, I'm now sitting on $7 million - here's my advice for anyone considering retirementConsider a test run before committing to retirement to gauge happiness and fulfillment.
Worth $15 Million, Not Yet 50, And Mentally Done With Work. Should I Just Stop All Together?A $15 million net worth provides substantial financial freedom for early retirement.
Ideal retirement age revealed, as survey shows future plans are changing for many of usA significant portion of individuals over 55 prefers to never fully retire despite a general trend toward early retirement.
I hit my retirement goal, quit my job, and loved it - but I'm choosing to go back to work for $450K/yearA retired Redditor is returning to work for a $450K salary, prioritizing financial goals despite enjoying early retirement.
I've been working for 31 years and my net worth is now $10 million - can my spouse and afford to spend $300k per year?Early retirement is achievable with significant savings; careful planning on withdrawal rates is essential.
I've been retired for 3 years after building a successful startup - why is finding meaning in retirement still so hard?Even successful early retirees may struggle with finding meaning post-retirement.Social connections can diminish for early retirees, leading to feelings of isolation.
I'm a 61-year-old retiree and thanks to strong investments, I'm now sitting on $7 million - here's my advice for anyone considering retirementConsider a test run before committing to retirement to gauge happiness and fulfillment.
Worth $15 Million, Not Yet 50, And Mentally Done With Work. Should I Just Stop All Together?A $15 million net worth provides substantial financial freedom for early retirement.
Ideal retirement age revealed, as survey shows future plans are changing for many of usA significant portion of individuals over 55 prefers to never fully retire despite a general trend toward early retirement.
I hit my retirement goal, quit my job, and loved it - but I'm choosing to go back to work for $450K/yearA retired Redditor is returning to work for a $450K salary, prioritizing financial goals despite enjoying early retirement.
I've been working for 31 years and my net worth is now $10 million - can my spouse and afford to spend $300k per year?Early retirement is achievable with significant savings; careful planning on withdrawal rates is essential.
I've been retired for 3 years after building a successful startup - why is finding meaning in retirement still so hard?Even successful early retirees may struggle with finding meaning post-retirement.Social connections can diminish for early retirees, leading to feelings of isolation.
Is It Possible to Retire by 50 If You've Banked $5 Million?Retiring at 50 with $5 million is possible with careful planning.
We're in our mid 50s with $2 million in our 401(k) and a $120k pension per year coming our way - are we good to retire?Guaranteed pension income eases the path to early retirement, but there are still risks to consider.
Is It Possible to Retire By 45 If You've Banked $2 Million?$2 million may not be sufficient for retirement at 45, as longevity and withdrawal rates significantly impact financial security.
I'm 52 and earning $350k a year - can I afford to retire once our youngest child get their own health insurance?The Reddit user is financially equipped to consider retirement with a $10 million net worth.
We're in our 40s and have saved 5x more for retirement than we planned - why are we still nervous to quit our jobs?Fear of retirement can persist even with substantial savings, highlighting the emotional aspect of retirement planning.
How Much Money Do You Need to Retire Early? Here's What Suze Orman Says$2 million is insufficient for a secure early retirement; aim for $5 to $10 million instead.
Is It Possible to Retire by 50 If You've Banked $5 Million?Retiring at 50 with $5 million is possible with careful planning.
We're in our mid 50s with $2 million in our 401(k) and a $120k pension per year coming our way - are we good to retire?Guaranteed pension income eases the path to early retirement, but there are still risks to consider.
Is It Possible to Retire By 45 If You've Banked $2 Million?$2 million may not be sufficient for retirement at 45, as longevity and withdrawal rates significantly impact financial security.
I'm 52 and earning $350k a year - can I afford to retire once our youngest child get their own health insurance?The Reddit user is financially equipped to consider retirement with a $10 million net worth.
We're in our 40s and have saved 5x more for retirement than we planned - why are we still nervous to quit our jobs?Fear of retirement can persist even with substantial savings, highlighting the emotional aspect of retirement planning.
How Much Money Do You Need to Retire Early? Here's What Suze Orman Says$2 million is insufficient for a secure early retirement; aim for $5 to $10 million instead.
I retired last year but now I'm going back to worth because the pay is too good to pass up - will I regret this?The Reddit user decided to return to work for better financial stability after early retirement.
I'm 52 With $4 Million But I Can't Claim Social Security for 10 Years. Can I Still Retire?Early retirement is feasible with a substantial nest egg, but careful planning is essential to avoid running out of savings.
I'm Pushing 50 With a $9.4 Million Net Worth but I'm Scared to Retire. What's Wrong With Me?Retiring early is complex, considering healthcare, financial access, and emotional impacts.Significant savings can make early retirement viable, but challenges remain.
I Retired Early at 35 with $2.5M-Now What Should I Do Next?The Reddit user is considering early retirement due to job dissatisfaction and has a substantial net worth.
I'm 39, debt-free with over $3 million invested, and retiring today - are my numbers too tight for comfort?Early retirement can be risky and requires careful financial planning, especially for younger individuals with dependents.
With a 6-year-old in public school, can I quit my high-paying job without downgrading our lifestyle?Retiring early requires careful financial planning, especially with high expenses and investment management.
I retired last year but now I'm going back to worth because the pay is too good to pass up - will I regret this?The Reddit user decided to return to work for better financial stability after early retirement.
I'm 52 With $4 Million But I Can't Claim Social Security for 10 Years. Can I Still Retire?Early retirement is feasible with a substantial nest egg, but careful planning is essential to avoid running out of savings.
I'm Pushing 50 With a $9.4 Million Net Worth but I'm Scared to Retire. What's Wrong With Me?Retiring early is complex, considering healthcare, financial access, and emotional impacts.Significant savings can make early retirement viable, but challenges remain.
I Retired Early at 35 with $2.5M-Now What Should I Do Next?The Reddit user is considering early retirement due to job dissatisfaction and has a substantial net worth.
I'm 39, debt-free with over $3 million invested, and retiring today - are my numbers too tight for comfort?Early retirement can be risky and requires careful financial planning, especially for younger individuals with dependents.
With a 6-year-old in public school, can I quit my high-paying job without downgrading our lifestyle?Retiring early requires careful financial planning, especially with high expenses and investment management.
from24/7 Wall St.3 weeks agoI'm sitting on $5 million worth of crypto - should I sell to diversify and eat the $1 million tax bill?Cryptocurrency has significantly increased wealth for early investors, but also poses risks, especially for those planning early retirement.
As an early retiree, how much income tax are you really paying on your withdrawals?Tax considerations are crucial for early retirees' financial planning.Early retirees often receive income from brokerage accounts rather than tax-advantaged accounts like IRAs.Professional financial advice can help reduce tax liabilities during retirement.
At 35, I had $150k. Now, I'm 43 and rich with $7 million - here's what it's likeWealthy individuals may misinterpret others' financial motivations, often overlooking diverse aspirations and the complexities of non-wealth-oriented lives.
As an early retiree, how much income tax are you really paying on your withdrawals?Tax considerations are crucial for early retirees' financial planning.Early retirees often receive income from brokerage accounts rather than tax-advantaged accounts like IRAs.Professional financial advice can help reduce tax liabilities during retirement.
At 35, I had $150k. Now, I'm 43 and rich with $7 million - here's what it's likeWealthy individuals may misinterpret others' financial motivations, often overlooking diverse aspirations and the complexities of non-wealth-oriented lives.
I retired at 59. Middle management jobs were my secret sauce for building my wealth.Alvaro Munevar Jr. achieved early retirement by choosing middle management roles that allowed time for a successful side business.
I wanted to retire at 55 but I kept grinding to get another few million in the bank - why is it so hard to quit?Retiring early can become challenging as financial motivations and reluctance to stop earning take over.
I've got $18 million at 40 years old - but I think I want to retire now because I hate my jobThe decision to continue working depends on whether he values time over additional money.
I retired at 59. Middle management jobs were my secret sauce for building my wealth.Alvaro Munevar Jr. achieved early retirement by choosing middle management roles that allowed time for a successful side business.
I wanted to retire at 55 but I kept grinding to get another few million in the bank - why is it so hard to quit?Retiring early can become challenging as financial motivations and reluctance to stop earning take over.
I've got $18 million at 40 years old - but I think I want to retire now because I hate my jobThe decision to continue working depends on whether he values time over additional money.
I'm in my 50s and was recently laid off - should I just live off my investments instead of getting another job?Consider taking time off after a layoff to reflect before job searching.Rising layoffs are prompting some to consider early retirement instead of seeking new jobs.
I'm 32 with $7 million in the bank but my revenue stream has dried up and I'll be lucky if I can find a job making $100kA Reddit user with $7 million struggles with finding purpose after an early forced retirement at age 32.
A millennial shares 2 money lessons from his dad that are setting him up to retire by 35Financial success stems from actionable money lessons learned from family.Owning property is preferred over renting as an investment tactic.Early financial education leads to long-term wealth accumulation.
I'm 43 making $575k annually and we contribute $2,500 to investments each month - what mistakes am I overlooking?The couple is financially secure but may be overly conservative in their investment strategy.
We're in our mid-30s with a $6 million net worth and we are overspending on our budget - what can we cut back on?Avoid lifestyle creep to better manage your savings.Implement budgeting to control spending and achieve financial goals.Early retirement may be attainable with disciplined financial practices.
We each earn $500k in California and want to retire early in 10 years when we turn 40 - is this achievable?Retiring at 40 is achievable with a high income, but requires careful money management.