I am a 62-year-old single male and have no children. I decided three years ago to quit work and enjoy my life instead of working in the office from 7 a.m. to 5 p.m. every day. I am still concerned whether I made the right choice and whether or not I need substantial income to ensure my golden years.
My question is, can I go fishing for the next 25 years and forget about work or go back to the grind for a couple of years?See: I’m 40, and a single, military dad of 2; I have rental income, $100K in retirement savings and expect at least $3K a month in retirement — what am I missing?I’ve got good news for you. At first glance, it appears you can continue to go fishing for the next 25 years as a retired man.
You could also consider converting a portion of your retirement savings into a Roth individual retirement account this year, though you should consult with a financial professional about the best way to do so. There are a few strategies you can take to withdraw your money as well, Scorzafava said. For example, the “bucket” approach divides your assets into multiple categories. One is allocated super conservatively, as it would be the first account you dip into. The second would be a little less conservative, with a longer time horizon so there is opportunity for investment returns. The other buckets would continue on that trajectory, being slightly more aggressive, with an even longer time horizon.
In a beach house somewhere in Kenya 👌 living minimalistic
The question is why the hell your on market watch? They’re bought and paid by crooked hedge funds
Getting tired of seeing these same exact stories in my feed, so bye.
Yes, buy the top 4 major cryptos and kick back
The question Is not, should you? The question is, what are you waiting for? What makes you think you will live for the next 25 years? Life is very unpredictable!
Ya sure. If you want to live like you're going to run out of money at some point.
waiting to die
nice
Of course can. Don’t don’t get drawn
6 times in a row.
wow
good
thanks
How much money you need for 25 years of fishing? 🤔
You can go fishing but not drink champagne in the evenings…
You have 2 flavors of boring articles. 1) I have no money saved. Can I retire? OR 2) I have plenty of money saved/invested, can I retire? Who is the genius that keeps green lighting these?
Dump it all into anchor_protocol
$508,000 in retirement savings. $660,000 in savings account. $441,000 in my brokerage account. $1,000,000 in home equity. Go enjoy your fishing 🎣 With $1.5 million in cash - easy investment in Vanguard High ETF $VYM - you can live off 2% dividend & 12% ROI. Forever ♾ 🌲
yes you can cash out $5,000 a month for next 25 years even without doing anything with the money
wow
Do it
More than enough if the individual focuses on what the individual needs, not wants. Individual can scale back on many things draining current finances such as over the top vacations, luxury autos. Fishing does not drain finances if done wisely.
That’s some expensive fishing if you’re going to finish all that.
I’m not sure if it’s enough, don’t you need at least 3M?
No
Go and enjoy live.
In what world do you guys live in
horrible
Go fill up your gas tank and you’ll answer that question for yourself
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