News Formal

The best retirement advice from my dad, who retired early at 55 - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 53 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 51%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

My Dad would have been on track to retire by 50 if it weren't for the 2008 recession, which decimated his retirement accounts

almost as soon as it entered that summer, and not because it was being funneled into a retirement account.

Then I watched my Dad retire at least a decade before many of his peers, and my entire perspective changed. My stepmom retired even younger, after my Dad convinced her to join him in his plan for early retirement.How my parents retired early Both my Dad and stepmom worked in sales and marketing for a high tech company by way of degrees in electrical engineering, so it's worth stating up-front that they both earned salaries that most would consider more than comfortable.1. Set a goal, create a budget, and track your progress

The first thing they did was figure out exactly how much money they'd need to comfortably retire when my dad hit 50 and live off that money well into their 90s. Their retirement budget included a salary equal to their pre-retirement pay and line-item expenses for things likeAfter creating a retirement budget, they worked backward to figure out how much money they'd need to save each year to get there by age 50, taking into account the expected rate of return on their investments.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 729. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

5 restaurant executives and insiders reveal the industry's biggest challenges for 2020 - Business InsiderBusiness Insider spoke with five restaurant industry insiders about the biggest challenge facing the business in 2020.
ソース: BusinessInsider - 🏆 729. / 51 続きを読む »

A 'snowbird' retirement is expensive, but planning ahead helps - Business InsiderFrom pricing out the costs of owning your second property to preparing for all the surprise expenses that come with it, being a snowbird isn't cheap.
ソース: BusinessInsider - 🏆 729. / 51 続きを読む »

5 smart pieces of money advice financial planners will tell you for free - Business InsiderYou don't have to wait until you're ready to meet with a financial planner to get good at managing your money. Here's some free advice to get started.
ソース: BusinessInsider - 🏆 729. / 51 続きを読む »