Posts tagged with "retirement" - page 2
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Three Years Into Early Retirement
It is now exactly three years into early retirement! I can't believe how time flies. I can now officially say that I have lived through retired life, although three years is still a short time. These years have been quite eventful to say the least. Stock market crash, a new virus that affects the whole world, lockdown for several months, raging bull market while in pandemic. I've seen things in a few years than I have never seen my whole life :).
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Thirty Years Into Retirement
It's been barely three years into my early retirement. So, no I am not talking about myself here. I recently came across this article about a couple who retired 30 years ago. And they were 38 then. What great clarity they must have had of their future to retire in 1991!
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How and When I Decided To Retire
A friend and reader of my blog asked me this question -- I don't know if you covered this in the blog, but could you write about how you arrived at a number for net worth where you felt comfortable retiring. I have written about my retirement journey which is scattered across many posts. So I thought I should consolidate and revisit the topic for the benefit of new readers.
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Why Save When You Cannot Enjoy?
Some one asked "I don't have money before a job so cannot spend and have fun. After finding a job I have money, but I am saving for a future. So again I cannot spend. What is meaning of money? Spend it or save it or what to do?". That got me thinking. I gave them the reply and thought I should expand a bit on my blog so it might help others.
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Happy New Year 2021!
Wish you all a very happy new year! Hope this year brings you more health, happiness and prosperity. When I wrote the new year post last year, little did I know that things will change so quickly. We have gone through some turbulent times indeed. I've had my fair share of ups and downs, but on the whole I ended the year on a positive note. Without going into too much detail, let me recount what happened in my life in 2020.
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Hundred Posts and Counting
I passed a wonderful milestone today. This is my 100th post on this blog. I did not realize that I was so close to this milestone. When I first started I did not have any intentions of doing it for the long term. It was supposed to be just an online dairy. I wanted to pen down my daily activities and thoughts so I can recollect the memories and rediscover the days gone by. But thanks to encouragement from friends and family it grew into a blog for helping others :)
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One Year Into Retirement
It is now exactly one year since I retired on June 29, 2018. Incidentally, this also happens to be my 50th post on this blog! It was a fun journey so far. While I cannot say if this will continue into the future, there are some exciting times ahead. Everything is going almost exactly the way I planned. Still, since I haven't yet gone through a bad market cycle, I don't yet know if my financial planning will stand the test of time. One thing I realized is that no matter how much free time you create, it will get filled with something and you always feel like you are busy (at least that is how it is for me). I did not have a single boring day in the past year in retirement. Most days are uneventful, so it is not like there is something crazy happening everyday. Yet, I haven't felt like there is any free time. So what happened in this one year in retirement?
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Am I Financially Ready To Retire?
Here is an alternative take on whether you are financially ready to retire. In this post, I want to help you determine if you are ready to quit with nothing but a simple calculator and just one formula. You don't need to predict expenses, inflation, rate of return etc, and as such, this method is not as comprehensive as the How Soon Can I Retire calculator. So take it with a pinch of salt and use it more as an indicator of whether you are ready to retire or not. Also note that this is only to check if you are financially fit to retire and has nothing to do with your emotional state of mind. Some may have a lot of money and yet cannot retire due to various other reasons (including not knowing what to do post retirement, fear of boredom, peer pressure, family disapproval, social status etc).
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The 70:30 Asset Allocation
In my previous post, I talked about about allocating 70% to equity and 30% to fixed income and just keep that ratio irrespective of which stage you are in your life. But does it really work? Lets work out some examples to see how it might work under various conditions.
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How Long Will My Money Last?
How long will your money last? The oft given cliched answer is -- it depends. It is true if you want someone to answer for you. But if you put some effort, you will be able to answer the question yourself. The only problem is that you should be able to make some good estimates of your expenses, inflation and investment return long into the future.
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