Comments on: How Much Do I Need to Retire at 55? http://retirerichroadmap.com/blog/how-much-do-i-need-to-retire-at-55/ Helping You Retire Rich & Retire Early Thu, 27 Oct 2011 06:40:35 +0000 hourly 1 http://wordpress.org/?v=3.3 By: Mikael http://retirerichroadmap.com/blog/how-much-do-i-need-to-retire-at-55/comment-page-1/#comment-4154 Mikael Tue, 27 Sep 2011 09:18:42 +0000 http://retirerichroadmap.com/blog/?p=216#comment-4154 Hi Joe, I can only imagine how that must feel. I do however thing that there is a solution to the problem, since I believe it is more of a mental challenge. Did you ever think of getting a coach to help you set new goals? You can do so much good now that you have the free time, so it would be a shame to just drift without any aim. You can create your own company (profit or non-profit), do sports or whatever you feel like. Life without a purpose isn't fun. Hi Joe,

I can only imagine how that must feel. I do however thing that there is a solution to the problem, since I believe it is more of a mental challenge. Did you ever think of getting a coach to help you set new goals?

You can do so much good now that you have the free time, so it would be a shame to just drift without any aim. You can create your own company (profit or non-profit), do sports or whatever you feel like.

Life without a purpose isn’t fun.

]]> By: Joe http://retirerichroadmap.com/blog/how-much-do-i-need-to-retire-at-55/comment-page-1/#comment-4153 Joe Tue, 27 Sep 2011 08:50:03 +0000 http://retirerichroadmap.com/blog/?p=216#comment-4153 Hi. I just retired this year at 56 years old. I have all the funds to live beyond 100 years old, provided that I live a US middle class income level. I am fortunate that I have inherited from my late mother a small fortune to be able to retire at 56. I've only been in retirement for 5 months (since my last job of 15 years.) However, I'm already regretting it very much. I would very much like to go back to work, but can't find a job to go back to. I feel purposeless, and aimless, even though I can live comfortably. Hi. I just retired this year at 56 years old. I have all the funds to live beyond 100 years old, provided that I live a US middle class income level. I am fortunate that I have inherited from my late mother a small fortune to be able to retire at 56. I’ve only been in retirement for 5 months (since my last job of 15 years.)
However, I’m already regretting it very much. I would very much like to go back to work, but can’t find a job to go back to. I feel purposeless, and aimless, even though I can live comfortably.

]]> By: Mikael http://retirerichroadmap.com/blog/how-much-do-i-need-to-retire-at-55/comment-page-1/#comment-2997 Mikael Tue, 07 Sep 2010 16:32:18 +0000 http://retirerichroadmap.com/blog/?p=216#comment-2997 But how do you feel about the people that are actually struggling right now? Don't you feel that they are they are the once that have put themselves into the situation that they are currently in? I'm not saying that I don't feel bad for them because I certainly do, but unless someone forced them to do the things that have put them in their current situation, I can only see one place to point the finger... But how do you feel about the people that are actually struggling right now? Don’t you feel that they are they are the once that have put themselves into the situation that they are currently in?

I’m not saying that I don’t feel bad for them because I certainly do, but unless someone forced them to do the things that have put them in their current situation, I can only see one place to point the finger…

]]> By: Terry@Annuities Rates http://retirerichroadmap.com/blog/how-much-do-i-need-to-retire-at-55/comment-page-1/#comment-2995 Terry@Annuities Rates Tue, 07 Sep 2010 14:11:16 +0000 http://retirerichroadmap.com/blog/?p=216#comment-2995 I don't think we can blame a single party of people as many circumstances have contributed to this including but of course not limited to: - People are more health conscience, perhaps because they are more educated due to better communciation channels ie. internet etc and therefore live longer. -The state of the economy - in reality our economy (no matter how strong it seems in the boom times) has always stood on very rocky foundations - for many years there have been problems with the pension deficit and we all knew it but now that the whole subprime issue (I won't vent on that) has impacted on more mainstream economy - its become very apparent (even to people who don't pay attention to these issues) - Following on from the downturn in economy, house prices slide - in the UK many potential retirees relied on their high house prices as a retirement nest egg - but now high prices have essentially plummeted - this leaves them having to work a lot harder (and potentially longer) to retire more comfortably. Ofcourse there are many other things that contribute to this but I could rattle on forever. This really can only mean one thing, that future generations of retirees to come will suffer. I don’t think we can blame a single party of people as many circumstances have contributed to this including but of course not limited to:

- People are more health conscience, perhaps because they are more educated due to better communciation channels ie. internet etc and therefore live longer.

-The state of the economy – in reality our economy (no matter how strong it seems in the boom times) has always stood on very rocky foundations – for many years there have been problems with the pension deficit and we all knew it but now that the whole subprime issue (I won’t vent on that) has impacted on more mainstream economy – its become very apparent (even to people who don’t pay attention to these issues)

- Following on from the downturn in economy, house prices slide – in the UK many potential retirees relied on their high house prices as a retirement nest egg – but now high prices have essentially plummeted – this leaves them having to work a lot harder (and potentially longer) to retire more comfortably.

Ofcourse there are many other things that contribute to this but I could rattle on forever.

This really can only mean one thing, that future generations of retirees to come will suffer.

]]> By: Mikael http://retirerichroadmap.com/blog/how-much-do-i-need-to-retire-at-55/comment-page-1/#comment-2994 Mikael Tue, 07 Sep 2010 13:36:16 +0000 http://retirerichroadmap.com/blog/?p=216#comment-2994 Hi Terry, VERY interesting figures. How do you feel is to blame for this situation? Regards, Mikael Hi Terry,

VERY interesting figures. How do you feel is to blame for this situation?

Regards,
Mikael

]]> By: Terry@Annuities Advice http://retirerichroadmap.com/blog/how-much-do-i-need-to-retire-at-55/comment-page-1/#comment-2992 Terry@Annuities Advice Tue, 07 Sep 2010 13:14:39 +0000 http://retirerichroadmap.com/blog/?p=216#comment-2992 With the state that the UK economy is in at the moment and with our new coailition government moving the goal posts for retirement ages - retiring at 55 seems a bit of a pipe dream for most - ofcourse there will always be those few at the top of the ladder that won't have to worry about little things like this. Interestingly a recent poll by Newsnight (A popular national news programme in the UK) revealed that 50% of the people surveyed would expect to retire at the age of 66, 18% by the age of 75 and 8% said that they expected never to retire at all. It'll be interesting as the economy prepares for a double dip recession to see if that 8% (never to retire) will grow. With the state that the UK economy is in at the moment and with our new coailition government moving the goal posts for retirement ages – retiring at 55 seems a bit of a pipe dream for most – ofcourse there will always be those few at the top of the ladder that won’t have to worry about little things like this.

Interestingly a recent poll by Newsnight (A popular national news programme in the UK) revealed that 50% of the people surveyed would expect to retire at the age of 66, 18% by the age of 75 and 8% said that they expected never to retire at all.

It’ll be interesting as the economy prepares for a double dip recession to see if that 8% (never to retire) will grow.

]]> By: Morgan%9John http://retirerichroadmap.com/blog/how-much-do-i-need-to-retire-at-55/comment-page-1/#comment-2806 Morgan%9John Thu, 25 Mar 2010 09:17:31 +0000 http://retirerichroadmap.com/blog/?p=216#comment-2806 I cannot give you the formula for success, but I can give you the formula for failure--which is: Try to please everybody. I cannot give you the formula for success, but I can give you the formula for failure–which is: Try to please everybody.

]]> By: Ryan Parker http://retirerichroadmap.com/blog/how-much-do-i-need-to-retire-at-55/comment-page-1/#comment-2800 Ryan Parker Sat, 13 Mar 2010 17:54:33 +0000 http://retirerichroadmap.com/blog/?p=216#comment-2800 Advice here is all well and true but we still have the problem with the economy that is causing us problems. It is quite a common belief that the worst has yet to come. That our US dollar will start to devalue substantially making inflation go up over the roof. With whatever good plans that we might have, faced with problems like potential double figure inflation even the best plans could go to waste. I know it sounds all the bit of doom and gloom but really we are at a time when we are expecting things to get worst. The best advice I can give is to save save save and get whatever opportunies that you have and run with it. Advice here is all well and true but we still have the problem with the economy that is causing us problems. It is quite a common belief that the worst has yet to come. That our US dollar will start to devalue substantially making inflation go up over the roof. With whatever good plans that we might have, faced with problems like potential double figure inflation even the best plans could go to waste.

I know it sounds all the bit of doom and gloom but really we are at a time when we are expecting things to get worst. The best advice I can give is to save save save and get whatever opportunies that you have and run with it.

]]> By: Chris http://retirerichroadmap.com/blog/how-much-do-i-need-to-retire-at-55/comment-page-1/#comment-2792 Chris Thu, 04 Mar 2010 12:05:49 +0000 http://retirerichroadmap.com/blog/?p=216#comment-2792 Retiring early can be possible with this great tips (thanks Mikael) but do keep in mind that you don’t have to rush to hit 55. Retirement is at 65 so you are trying to get a decade extra relaxation and freedom but do keep in mind working a few extra years means more money in your retirement when you can’t (depending on career you have) work. My mum was considering retiring early from her job and she is only contemplating that because the mortgage is paid and she has a grasp of her retirement fund. Only reason she’s not going forward now is because her told her she ahs to work a few more years to guarantee retirement fund. Retiring early can be possible with this great tips (thanks Mikael) but do keep in mind that you don’t have to rush to hit 55. Retirement is at 65 so you are trying to get a decade extra relaxation and freedom but do keep in mind working a few extra years means more money in your retirement when you can’t (depending on career you have) work. My mum was considering retiring early from her job and she is only contemplating that because the mortgage is paid and she has a grasp of her retirement fund. Only reason she’s not going forward now is because her told her she ahs to work a few more years to guarantee retirement fund.

]]> By: Jesse http://retirerichroadmap.com/blog/how-much-do-i-need-to-retire-at-55/comment-page-1/#comment-2701 Jesse Thu, 14 Jan 2010 08:45:50 +0000 http://retirerichroadmap.com/blog/?p=216#comment-2701 I really hope I am able to retire at age 55. I still have a while but will keep this post in mind as I get to that age. I really hope I am able to retire at age 55. I still have a while but will keep this post in mind as I get to that age.

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