Reply to If you retired you, what do you say when people ask what you do for a living?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I’m 55 and have been early retired for 5 years now (female).  I invested very early in my career and now live off $120,000 yearly dividends.  No debt.  When people ask me, I just say worked hard, invested well, and live below my means.

But….I live in an area now with a lot of affluent retirees.  So most folks don’t ask.  Many of us in the same financial circumstance.[/quote]

Most people at 55 have kids in college and a mortgage and some a SAHM wife. $120,000 is enough a single person with no debt.

Retiring 55 is also a huge impact on SS and 401ks as missing catch up. I am over 50 and put 30k in 401k and my company has generous match of 24k a year. So I put 54k a year in. Retiring at 50 given normal retirement is 67 you miss 17 years of 54k contributions.

I don’t see how this works with kids. Nearly all 50-60 year old retired women on block husband still works. Several neighbors wife worked for govt but husband a lawyer or doctor. Two are CEOs small companies.

$120k has not been a lot of money since 1990. I was making 120k in 1999 and was crazy crazy tight.

Where do you live ? I actually plan to do the same and move from dmv by 50 [/quote][/quote]

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