Ask the Readers: What does Retirement Mean to You?
I apologize to those who are seeing this post for a second time. The first time it was released in error and was removed the same day.
What does retirement mean to you? This is an interesting question that I think about often and I’m curious as to what it means to my readers. When most of us picture retirement, we think about being a little older, traveling a bit and living the high life with all of the saved money.
To others, it means to continue living every day life without having to worry about a “job” or reporting to someone else.
To me, it doesn’t mean to stop working but to have the freedom to do whatever “I” want during the day and have enough investment/side income to meet (ideally exceed) my monthly expenses. This could mean spending time with my family, running the business of my dreams or even traveling the world. There’s no real age requirement, but ideally, the sooner the better.
I have calculated our projected retirement needs before and provided that we continue to life a frugal life with all of our debts paid off, we should be able to retire before 50.
So back to the question, what does retirement mean to you? How do you picture your retirement?
Photo credit: Ernst Moeksis