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How to Plan The Ultimate Early Retirement Bucket List
With all these geopolitical and societal changes, time to share my early retirement bucket list plan. The future is not the same as the past. In 1935, the US Social Security Administration (SSA) was founded. On January 31, 1940, the first monthly retirement check was issued to Ida May Full in the amount of $22.54. Today, that’s an inflation adjusted price of $529. She died January 31, 1975. Before SSA benefits, most Americans faced financial destitution until death. Ida lived until the age of 101. After three months on the job (2014), I knew working until death wasn’t for me. If I stuck to the normal age of 67, I’d…
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How to Retire at 50. How Much We Intend to Spend Monthly in Early Retirement
With inflation, tariffs, and the changing geopolitical dominance, will this generation of Americans be able to retire? Maybe, you don’t know until you try. Most people don’t even think about retirement until they hit their mid-50s. By then, it’s harder to pull off without undue financial stress. As people approach the age of 59, they often consider transitioning into retirement with less than $200,000 saved. For most Americans, that transition culminates at 68 if their bodies don’t give out. By that time, navigating retiring successfully, will require significant adjustments to their budget and lifestyle. While every individual has different spending habits during their golden years, it’s important to note how…
