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Can you retire now? How do I know if you have enough money to retire? If financial independence early retirement is important to you, stay tuned. Today, we discuss the retirement Rule of 25 and how to accelerate getting to that financial independence number. We ask 6 questions to help you answer the question, can you retire now? We delve into the rule of 25 for early retirement. Whether it is debt free living, reducing your monthly spend, being frugal and planning for big ticket items, having an early retirement income bridge strategy, generating passive income or taking more risk, we try to help you retire sooner and start living your best life. If you find yourself asking, What do I need to do to retire early?, then this video is for you.
The rule of 25 states that you should have 25 times your planned annual spending saved before you retire. For example, if you expect to spend $60,000 a year in retirement, you should have roughly 1.5 million or 25 times that amount. It is based on the 4% rule that is a rule of thumb that states you can withdraw 4 percent of your savings the first year of retirement and then adjust for inflation each subsequent year for 30 years. Inflation 2022 is a major concern and today’s discuss offers some suggestions to offset this retirement obstacle.
We believe having a debt free retirement is a key first step to how to retire early and gain your financial independence and financial freedom for retirement. It is the starting point in our questions. The consumer debt crisis in America is a retirement savings killer and we must encourage people to change their thoughts on debt. Hopefully you can retire sooner or even have an early retirement.
We hope you enjoy the rest of our “how-to” series on retirement and travel, along with our weekly travel vlogs on our journey around the world.
Please join us for a 10-year journey and world travel vlog. This is our retirement and we wanted to retire early and see the world. Perhaps our world travel will give some ideas on what to do after retirement and where to travel in 2022. As older travel vloggers, we have different perspectives as we show you where to visit in 2022 and give you our experiences as we travel the world and show you where to travel now. This is our retirement and we want to share it with you.
We hope you will subscribe, join us on our adventure, give us some likes and send us comments and suggestions. It means so much. Thank you and hope everyone has a wonderful travel 2022.
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Our Financial Advisors: URS Advisory in West Palm Beach, FL
www.ursadvisory.com/
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ABOUT US:
As the retirement travelers, we have always dreamed of traveling, but we never in a million years thought we would become travel vloggers and start a RU-vid channel. But, that is what we did! We work hard every day to become better and create something that others will enjoy. Having a community of friends, old and new, follow our journey is fun and exciting to us.
In 2019, we achieved our goal of visiting every state in the union in our Airstream. We also visited every national park in the lower 48. We are big believers in lists, so of course we plan to see the remaining 12 parks in the next few years.
In 2021, we made the big decision to extreme downsize to just a suitcase and a small backpack, each. We started our journey around the world beginning in Central America. We hope that over the next ten years, we will have seen many beautiful things, made many memories and new friends, and shared the experience with our children and grandchildren.
We hope you enjoy the journey with us. Drop us a note in the comments and be sure to hit subscribe! 🗺 🎥 🌮
5 авг 2024
