I am still in the early planning phases. (Haven't seriously tracked expenses) I am 40yo and hoping to retire in my early 50s. At that time I will get a decent pension but take an obvious hit in income. Then in my 60s when I can start withdrawing from retirement accounts and SS so it will rise significantly.
I could semi retire and work part time.
I could stay full time and bank my entire pension in a 1year work/retiring one year earlier.
I could be more frugal now and build up my investments.
I think it gets a little dangerous when you start planning to spend money during those in between times with the anticipation you will use the future earnings from retirement funds to pay off that debt; for example a mortgage.
How does this impact your planning?
I could semi retire and work part time.
I could stay full time and bank my entire pension in a 1year work/retiring one year earlier.
I could be more frugal now and build up my investments.
I think it gets a little dangerous when you start planning to spend money during those in between times with the anticipation you will use the future earnings from retirement funds to pay off that debt; for example a mortgage.
How does this impact your planning?