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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 "retired" at 40. I had worked for 15 years before that. DH is still working at 58. - Started married life debt free. No college debt. - We did not pay for anything in our wedding. Parents paid for everything. - We were in STEM fields that paid us a decent amount. - Parents did not depend on us financially in retirement. - Bought our new SFH in an inexpensive neighborhood. - 2 kids only. Only had 3 yrs each of childcare cost for them. We had grandparents helping out for childcare. - Kids went to magnet public schools for free. - Kids got merit tuition in college. We paid minimal amount for room and board only. There were other financial and life decisions we made, and also lots of luck...that made it possible for me to retire early. My DH can retire now if he wants, but he is still working. [/quote] You are unemployed not retired. My older brother for instance was forced out the door of his big executive job at 60. IHis wife threw a "retirement" party when he was 60. I found out online and he looked miserable as it was all a Farce. I guess I was not invited as he knew it was a joke. Yea he can afford to retire. I knew at 60 he had ten million saved in retirement accounts alone, few million in bank and a paid off home. But he did not retire. He got walked out the door, his job given to someone 25 years younger and after nine months of job hunting gave up. [/quote]
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