SOMEONE ONCE SAID, “WE SHOULD RETIRE UNTIL AGE 40 (while we tend to have better health and more energy), THEN WORK UNTIL WE DIE (for camaraderie, daily routine, sense of purpose, and money).”
4 years ago
Charles Tadros, M.D.
August 19, 2021
Saint Louis, Missouri
Is the purpose of work to retire as soon as possible? Date January 7, 2024 In relation to comfort WE HAVE BEEN TOLD DRAMATICALLY INCOMPLETE, IF NOT INCORRECT, INFORMATION ALL THESE YEARS. IN ORDER TO RETIRE COMFORTABLY, WE DO NOT NEED TO SAVE, THEN INVEST, JUST 10-20% OF OUR PRE-TAX INCOME DURING OUR 30-40 YEARS OF EMPLOYMENT. WE REALLY NEED TO SAVE AND INVEST 75% OF OUR INCOME FOR THE FIRST 10 OR 15 YEARS WHEN WE START MAKING MONEY (“Ma, I’m moving back into the basement!). THIS AMOUNT IS INVESTED INTO A PRE-TAX, LOW COST S&P INDEX FUND UNTIL WE RETIRE. I CALL THIS FRONT-LOADING OUR SAVINGS AND INVESTMENTS. Date December 19, 2021 In relation to downsizing You already have money for retirement (or will have it), now what? Date January 11, 2026 In relation to accumulation