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Reply to "if you were able to retire early (55-62) how did you do it"
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[quote=Anonymous][quote=Anonymous]I[b]'m in my early 50s and in a job I like overall, but it's a very draining role, the commute isn't great, I'm getting bored with the work and the options for moving up the chain and seeing more significant raises are limited. [/b]I could stick it out for another five years, ideally more like 8-10, but it's getting to be a lot. Over the past year, a few of my older colleagues resigned before hitting 60. One retired early out of nowhere and management didn't throw him a retirement party, so I didn't have a chance to ask him what's next. Another left early after being with the org for about 15 years and was vested in the pension but still left earlier than most in the plan. So, for those who've done it, how do you get to the point of making it happen? Did you assess your finances and accept a lower-paying or part time job for peace of mind and being ok with giving up the good salary? Or did you methodically plan for retiring early and sock away a lot of money since your first job? [/quote] Same on the bold. We will fully retired when these two things happen: 1. House paid. 2. College paid. (two kids) Until then, we will continue to work... [/quote]
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