To Retire At 56? Or Rough It Out...

[Dave Hounddriver]

2 hours ago, Reboot said:

I wonder how much I need. I am 43 and the money is rolling in. I almost don't want to retire...making it is too much fun.

Retire?  Heck at that point in my life I did not even want to take too much time off work.  Make hay while the sun shines and when you start to feel aches and pains and burnout then you can come join us old cronys.

[OnMyWay]

7 hours ago, Reboot said:

I wonder how much I need. I am 43 and the money is rolling in. I almost don't want to retire...making it is too much fun.

One thing I have learned after 5 years living in the Philippines:  Bluntness, especially in regards to asking for money.  So....

Give me some money.  Please.  I need it to start a sorry sorry store.  

[Dr. Shiva]

On 15.4.2017 at 3:13 PM, jpbago said:

In 10 years, hmmmmmmmmmmmmm Look back 10 years and see how the world has changed......impossible to look forward 10 years.

For monitoring this there are many forums like this one we can check.

[jpbago]

3 hours ago, Dr. Shiva said:

For monitoring this there are many forums like this one we can check.

I would be interested in the future especially in stock market investments, medical treatments, and currency values 10 years from now. PM me with the forums that are into that.

[bows00]

4 hours ago, jpbago said:

I would be interested in the future especially in stock market investments, medical treatments, and currency values 10 years from now. PM me with the forums that are into that.

Totally recommend the book "The Truth About Your Future" by Ric Edelman.  Personally, I got the audio book so I can listen to it while driving and working out.  He is a fiduciary financial advisor who I would recommend to anyone wanting to learn about personal finance.  Check out his web sight and watch some of his video's  - very well done and informative.  

[Dr. Shiva]

7 hours ago, jpbago said:

I would be interested in the future especially in stock market investments, medical treatments, and currency values 10 years from now. PM me with the forums that are into that.

Dr. Google is your friend. Reddit is also a quite useful platform. Stock market and especially currencies are very difficult to forecast. They are like playing in a casino. Even if you get more for a specific currency at time of the exchange it can be that you can buy much less stuff with that amount of cash than 10 years ago.

Edited April 20, 2017 by Dr. Shiva

[sonjack2847]

On 4/15/2017 at 3:29 AM, Kuya John said:

I retired at 56, married a filipina and had to  find another job sharpest!

Finally retired again at 66, now I am the oldest houseboy outside the Philippines!

Enjoy life while you have got your health and strength, if possible retire early, you never know what the future holds.

I was still in the uk and work was getting really scarce.I was spending my savings just to survive there,I didn`t like that.I decide to make the move as yes life is too short go whilst you are young enough to really enjoy retirement. I already had a girlfriend here whom I had been to visit many times.My friend told me he was  going to Thailand in August 2010,I told him to book me on the same flight and I would fly on from there to the Phills.I retired at 50 with the rental income from my UK house to live on.Was it hard going,yes at times like when the people don`t pay but I did it and have no regrets.If you wait for that little extra money you may not live long enough to collect it,enjoy it.

[sonjack2847]

On 4/17/2017 at 7:46 AM, Dave Hounddriver said:

Retire?  Heck at that point in my life I did not even want to take too much time off work.  Make hay while the sun shines and when you start to feel aches and pains and burnout then you can come join us old cronys.

I was on top of the world at 43 by the time I hit 48 all the aches and pains started and it was a struggle to get up and go to the construction site.

[Kuya John]

5 hours ago, sonjack2847 said:

I was on top of the world at 43 by the time I hit 48 all the aches and pains started and it was a struggle to get up and go to the construction site.

There is an old saying "Hard work never killed anyone" How bl--dy untrue that saying is!

Like yourself by my late 40's the back pain etc etc started, I was under the threat of dismissal, for time off work due to it.

Loyal service of nearly 30 years counted for nothing, so at the first opportunity for early retirement (56) I took it.

Fled to the Philippines and married my lady friend with the intention of living there.

Three month's later, I realised certain family members thought I was a ATM. Hence back to England and a less demanding job,

that enabled my new wife to join me. She is quite happy here although we both miss the laid back lifestyle the Philippines can offer.

Health is the important factor for both of us, as one gets older and my wife is now diabetic, nothing unmanageable but has to be considered.

Good luck to those who took their chances and lived their dream, retire at 56 (or younger) most certainly.

W C Fields told a young man.....When I arrived in New York all I had was the knapsack on my back.

The young man asked what was in the knapsack?........the reply was....LOADS OF MONEY

[OnMyWay]

It is funny how the topic is about retiring at 56 and it seems that several members, including me, did retire at that magic number!