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04-14-2014, 03:22 PM
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#1
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Thinks s/he gets paid by the post
Join Date: Jan 2005
Location: DFW
Posts: 2,016
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Retire at 40
BBC - Capital - Yes, you can retire before your 40th birthday
A BBC article, which pretty much agrees with this forum. LBYM, be debt-free, have 25 times your expenses, 4% withdrawal. Wish this article had been available when I was 40. The BBC page has several other retirement links, such as "retiring in paradise" , or "retirement myths" if you're interested.
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Resist much. Obey Little. . . . Ed Abbey
Disclaimer: My Posts are for my amusement only.
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04-21-2014, 05:24 PM
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#2
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Dryer sheet aficionado
Join Date: Jan 2012
Posts: 33
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I would add, before taking the leap, develop a plan to keep mind and body moving.
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04-22-2014, 05:12 AM
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#3
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Dryer sheet wannabe
Join Date: Apr 2014
Posts: 11
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Annoyingly, I can't access the article from the UK.
Is there any way of posting salient points or is that against forum policy?
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04-22-2014, 05:52 AM
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#4
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Moderator
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 25,346
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Quote:
Originally Posted by collingwood
Is there any way of posting salient points or is that against forum policy?
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A paragraph or two is fine but where we run into difficulty is when someone copies and pastes an entire article. The issue isn't forum policy but copyright law.
__________________
When I was a kid I wanted to be older. This is not what I expected.
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04-22-2014, 06:13 AM
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#5
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Dryer sheet wannabe
Join Date: Apr 2014
Posts: 11
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Many thanks Walt. I thought that might be a problem. I guess it probably doesn't say much that I haven't worked out myself ;-)
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04-22-2014, 07:39 AM
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#6
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Recycles dryer sheets
Join Date: Mar 2014
Posts: 164
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The article was interesting, but there wasn't anything in it that people here don't already know. It references Pete at Mr. Money Mustache as well as Darrow Kirkpatrick at CanIRetireYet.com.
I thought this bit was interesting.
Don’t forget about family. If you have a spreadsheet of expected retirement expenses, make sure family expenses are included. “I remind people that grandchildren and children take a lot of retirees’ money,” Hogan said. “I have told clients, ‘You need to stop giving the kids money because you can’t afford it.’”
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04-23-2014, 04:49 AM
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#7
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Recycles dryer sheets
Join Date: Sep 2007
Posts: 79
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I retired at 40 and it only lasted 5 years. Did everything on the bucket list and then got bored and got another job. The extra money and another retirement check was a smart move. I probably was a little underfunded besides and you never have to much money.
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04-27-2014, 11:36 PM
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#8
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Dryer sheet wannabe
Join Date: Apr 2014
Location: Gainesville
Posts: 10
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Seems a little bit like over kill. It seems like you'd either have to spend your entire life living pretty low below your means or spend 30 years having no life outside of work. If you did the later, I'm not even sure what you'd do after retirement. Retiring before you need to honestly just sounds boring to me anyways though. But, it would be nice to make enough money to support working a job with lower income, but that's fun. I know a lot of older retired people become school teachers, just because they're bored and I completely understand that. To each his own I guess.
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