What is the perfect retirement age, you may wonder? It seems like the most popular answer is 65, which means that your initial goal might be focused on this. However, there are many people that would like to retire sooner. Others may be more comfortable working later in life so that they can save even more money. For a better understanding of what the "perfect" age is, in this respect, here is some advice provided by Robert Jain.
It's been said that 65 is the magic number when it comes to retirement. One of the reasons why this logic persists, according to names along the lines of Bobby Jain, is that people collect Social Security when they reach this age. It's also worth noting that many people feel comfortable leaving the workforce at this time, having saved up ample money in the past. While 65 years old is a target that many aim for, many people set their sights in other directions.
There are many people that look at retirement as an impossibility, mainly because they don't want to stop working. Believe it or not, there are quite a few people that dream about working well after their 60s, the goal being to stay active. They want to contribute and feel productive, provided they have the skills and work ethic to do so. This is just one of the many reasons why someone might not want to retire soon, if at all.
What about the responsibilities that people must account for in their day-to-day lives? Let's say that a couple doesn't want children or is careful about what they spend. Depending on how early they save for retirement, they might be able to stop working in their 50s. This is just one example, but it's easy to see that personal responsibility goes a long way when it comes to retiring, even if this is done sooner than expected.
Retirement age is a complex topic, to say the least, mainly because no one can give an answer that applies to everyone. This is normal, though, since everyone has different long-term goals in mind. Whether you're planning on leaving the workforce early or continually contributing to society, retirement should still be a goal to strive for. Financial stability goes a long way, not only in terms of one's bank account but their wellness in general.
It's been said that 65 is the magic number when it comes to retirement. One of the reasons why this logic persists, according to names along the lines of Bobby Jain, is that people collect Social Security when they reach this age. It's also worth noting that many people feel comfortable leaving the workforce at this time, having saved up ample money in the past. While 65 years old is a target that many aim for, many people set their sights in other directions.
There are many people that look at retirement as an impossibility, mainly because they don't want to stop working. Believe it or not, there are quite a few people that dream about working well after their 60s, the goal being to stay active. They want to contribute and feel productive, provided they have the skills and work ethic to do so. This is just one of the many reasons why someone might not want to retire soon, if at all.
What about the responsibilities that people must account for in their day-to-day lives? Let's say that a couple doesn't want children or is careful about what they spend. Depending on how early they save for retirement, they might be able to stop working in their 50s. This is just one example, but it's easy to see that personal responsibility goes a long way when it comes to retiring, even if this is done sooner than expected.
Retirement age is a complex topic, to say the least, mainly because no one can give an answer that applies to everyone. This is normal, though, since everyone has different long-term goals in mind. Whether you're planning on leaving the workforce early or continually contributing to society, retirement should still be a goal to strive for. Financial stability goes a long way, not only in terms of one's bank account but their wellness in general.