In 2007, I took early retirement at the age of 49. Before making the decision, I worked with my financial advisor to determine if we had sufficient funds to retire. The analysis was positive and I retired early after 27 years of service with my company.
With almost eight years of retirement behind me, I have the benefit of experience in reviewing the analysis that was done in 2007. Here are some of the miscalculations that I made in 2007.
With these revised considerations, I've decided to delay taking Social Security until the latest possible date, when I'm 70. Also, I've been asked to consider an executive director position which would have me returning to work as CEO of a non-profit for a few years. Both of these actions should help extend the life of our retirement savings.
For more on Reaping the Rewards, check back on Fridays for a new segment.
This is not financial advice. Please consult a professional advisor.
Copyright © 2015 Achievement Catalyst, LLC
Friday, July 31, 2015
Tuesday, July 14, 2015
Interesting Reads
Just a few interesting reads:
The $339,200 college debt example hurts more than it helps After reading this article, I won't be giving my vote to this candidate for President. If I don't agree with his personal financial choices, I'm sure I will disagree with his government financial choices.
Premier of Greece, Alexis Tsipras, Accepts Creditors' Austerity Deal A great lesson in how not to negotiate. Not only are the terms worse than what was on the table in January 2015, but the situation has worsened due to the delay.
Marc Faber: Recession is coming this year For the last couple years, the best investment strategy has been to ignore his predictions. He has been saying the same thing since at least 2012. Someday, he will be right, but it may not be for a while.
For more on Ideas You Can Use, check back Tuesdays for a new segment.
This is not financial advice. Please consult a professional advisor.
Copyright © 2013 Achievement Catalyst, LLC
The $339,200 college debt example hurts more than it helps After reading this article, I won't be giving my vote to this candidate for President. If I don't agree with his personal financial choices, I'm sure I will disagree with his government financial choices.
Premier of Greece, Alexis Tsipras, Accepts Creditors' Austerity Deal A great lesson in how not to negotiate. Not only are the terms worse than what was on the table in January 2015, but the situation has worsened due to the delay.
Marc Faber: Recession is coming this year For the last couple years, the best investment strategy has been to ignore his predictions. He has been saying the same thing since at least 2012. Someday, he will be right, but it may not be for a while.
For more on Ideas You Can Use, check back Tuesdays for a new segment.
This is not financial advice. Please consult a professional advisor.
Copyright © 2013 Achievement Catalyst, LLC
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