From the course: Planning for Retirement
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What does retirement look like?
From the course: Planning for Retirement
What does retirement look like?
- I don't know about you, but I don't see my retirement looking like those stereotypical depictions of retirement. And I love what I do for a living, so I'm not really in a rush to stop working. But the idea of getting to a point where I've saved enough that work is optional and not mandatory, or I could choose to make less money and still be in good shape, that is really appealing. The reality is that in the US, according to a 2018 study by ProPublica and the Urban Institute, nearly half of workers are forced into retirement before they plan to retire, either due to health issues or layoffs. So the idea of having enough money saved so that work is optional is all the more appealing. For me, I want work to be optional by the time I'm 60, if not sooner. If I want to work and I can't, I will. And if not, I won't. Instead of thinking about retirement, think about financial independence, which is the point at which…
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