Greatest respect sir, I own your book and read it twice, with notations. But I differ on an issue. I took my pension at 60 although I didn't need it. In my case the 60 year old's start-date monthly funds withdrawl, totalled-up, matched the 70 year olds start date monthly funds, totalled-up, at the age of 79.5. The later start of withdrawal did not surpass the earlier in total until my 80th year. So my decision was not the money amount but that there was a "not so hidden player" in the game... death. Death could cash me out on it's terms, not mine & I concluded to spend the funds now. If I do survive to 80+ crossover point I will be incrementally leaving money on the table, one month at a time. But then I had fun getting there. (Note: I'm a Canadian, the details differ in amounts but I believe the principles stand)
I call it "Burning the Dream". Act on your dreams, you gave it a shot and, if it doesn't work or facts change, well you tried and there is now room for a... new dream. Financially comfortable I have chosen to stay in my neighbourhood. In fact I "shopped" the neighbourhood intensely, far harder than I shopped for the house and so far I am 31 years in the same neighbourhood so it worked for me. Relationships built up over decades have a strong intangible value- neighbours, friends, medical, transportation, etc are hard to put dollar value on but are very valuable, at least to me.
Comments
Greatest respect sir, I own your book and read it twice, with notations. But I differ on an issue. I took my pension at 60 although I didn't need it. In my case the 60 year old's start-date monthly funds withdrawl, totalled-up, matched the 70 year olds start date monthly funds, totalled-up, at the age of 79.5. The later start of withdrawal did not surpass the earlier in total until my 80th year. So my decision was not the money amount but that there was a "not so hidden player" in the game... death. Death could cash me out on it's terms, not mine & I concluded to spend the funds now. If I do survive to 80+ crossover point I will be incrementally leaving money on the table, one month at a time. But then I had fun getting there. (Note: I'm a Canadian, the details differ in amounts but I believe the principles stand)
Post: Why Retire at 65?
Link to comment from November 23, 2021
I call it "Burning the Dream". Act on your dreams, you gave it a shot and, if it doesn't work or facts change, well you tried and there is now room for a... new dream. Financially comfortable I have chosen to stay in my neighbourhood. In fact I "shopped" the neighbourhood intensely, far harder than I shopped for the house and so far I am 31 years in the same neighbourhood so it worked for me. Relationships built up over decades have a strong intangible value- neighbours, friends, medical, transportation, etc are hard to put dollar value on but are very valuable, at least to me.
Post: Reversing Course
Link to comment from April 24, 2021