When Can You Quit? The Math Behind (Early) Retirement

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When Can You Quit (or Retire)? Find Out Now!
Tired of the daily grind and dreaming of financial freedom? In this video, I’ll show you how to determine when you can actually quit, what is your realistic retirement age and how to take control of your future.
🔢 Key Steps you need to take to find out if you are ready to quit:
1. Calculate Your Magic Number: Learn how much you need to save for a comfortable retirement. For an in-depth, step-by-step instructions, check out this video: • Avoid the Retirement D...
2. Use the Retirement Calculator: Input your current savings, retirement goal, monthly contributions, and expected returns to find out when you can retire. In this video I used this retirement calculator: www.financialmentor.com/calcu...
3. Speed Up Your Retirement: Discover practical tips to increase your savings and retire sooner.
🚀 Get There Faster:
- Boost your monthly contributions. Watch this video to save at least $300 every month: • Stop Overspending Your...
- Understand the risks and rewards of higher returns.
- Start planning early for maximum impact.
🔔 Subscribe Now: Don’t miss my next video on how to optimize your monthly savings for retirement!
Watch now and take the first step towards your dream retirement! 🌟
💬 Questions? Drop them in the comments!
#RetirementPlanning #FinancialFreedom #Investing #Savings #FinancialMentor

Опубликовано:

19 июн 2024

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Комментарии : 14

@WealthWisdomWithTanya Месяц назад

How close to quitting / retiring are you? 😊

@Madskillsuniversity 10 дней назад

Funny thing is that I could not wait to retire, but now that I am, I am starting new businesses. LOL. Boredom will make you do that. I guess I will not officially retire until I an retired. Good luck to everyone in retirement. You earned it and I hope you are all happy and financially sound.

@WealthWisdomWithTanya 9 дней назад

That makes so much sense! I think retirement is really doing what you want, when you want and with whim you want. But it doesn't need to mean we don't work at all ☺️☺️

@christopherhennessey8991 Месяц назад

10 years I sensed I was being pushed out at age 55 .I was already legally retired with 30.16 years of credited service in the state retirement system ,plus another two years working in my employers 457 B program called the DROP ( deferred retirement option program). I simply retired, lived off of my pension until age 62 where I claimed my Social Security benefits. I now have two streams of passive income.Not wealthy, but comfortable.

@WealthWisdomWithTanya Месяц назад

Great job! Enjoy your retirement 😊

@christopherhennessey8991 Месяц назад

@@WealthWisdomWithTanya I am . Was able to regain my health following retirement.

@WealthWisdomWithTanya Месяц назад

@@christopherhennessey8991 I am very happy for you👌👏

@christopherhennessey8991 Месяц назад

@@WealthWisdomWithTanya Thank you Tania, because if you don’t have your health, nothing else matters.

@Smcandroid657 Месяц назад

Not as close as I would like to be🙄

@WealthWisdomWithTanya Месяц назад

That's probably the most common situation :-D keep your goal in mind and do the work of saving and investing. And that day will come... ;-)

@PeaceAndWheelies Месяц назад

Hello. I am 50 with just over $300,000. I have $195,000 of that in traditional 401, at work. I have 2 non qualified, one with $12,000, and one with $30,000. I have another IRA outside of work, with $30,000. I am also involved in an HSA account at work, with $8,500 in. I don't use it as I am saving it to use it during retirement. Then I have around $18,000 in my bank, some of that is in bonds, at my bank. I am hoping to retire near 60. I will get a pension that i probably start st 65, with my social security starting in my 60's. I make $60,000, right now, and do not live like the Jones', but am comfortable in my life. I hope my saving looks promising for an earlier tnan 65 retirement.

@WealthWisdomWithTanya Месяц назад

You seem to be well diversified and set to reach your retirement goal. Make sure to keep saving (and investing), even if a small amount of money every month. Since you have app. ten years ahead, I would consider an index fund to grasp higher returns (but make sure you contribute with a certain frequency - let's say monthly to better manage market volatility through dollar cost averaging). Great job so far! I'm cheering for you to keep it up :-)