IndyInvestor
Confused about dryer sheets
I am 44 years old and widowed. I am contemplating retiring early to spend more time with my 3 kids (9, 11, and 14). My wife passed away after a five year battle with breast cancer in Oct 2013 at the age of 41. I am financially able to retire if I choose as I have been frugal and investing for over 20 years now. I've set up several sources of passive income in preparation for the possibility. However, I am not sure if I am mentally ready to "retire". I would become a full-time dad but would have several hours each day to myself. I have profitable side ventures but they do not require much time, maybe a few hours per week.
I had a frugal, investor friend who retired at 40 and went back to work after two years because he said "it's boring". This really made me think about this.
I've begun researching and reading about early retirement and have found to successfully transition you must have passionate activities and hobbies lined up or you will be bored. I have many hobbies that could easily fill my time (performing music, volunteering at church, youth coaching, volunteering at the hospital, etc). The possibility to consult in my current field is a distinct possibility.
Mentally there is some reservation in leaving the adrenaline and structure of the corporate world. Walking away from a six-figure income is daunting.
I continue to read as much as I can about retiring early. I glean most information from those who have done it. Many people write about it, dream about it, but few have actually done it. This post is aimed at anyone who has retired young or knows someone who has. Any insight and advice welcome.
I had a frugal, investor friend who retired at 40 and went back to work after two years because he said "it's boring". This really made me think about this.
I've begun researching and reading about early retirement and have found to successfully transition you must have passionate activities and hobbies lined up or you will be bored. I have many hobbies that could easily fill my time (performing music, volunteering at church, youth coaching, volunteering at the hospital, etc). The possibility to consult in my current field is a distinct possibility.
Mentally there is some reservation in leaving the adrenaline and structure of the corporate world. Walking away from a six-figure income is daunting.
I continue to read as much as I can about retiring early. I glean most information from those who have done it. Many people write about it, dream about it, but few have actually done it. This post is aimed at anyone who has retired young or knows someone who has. Any insight and advice welcome.