Comments on: The Sliding Scale http://blog.canadian-dream-free-at-45.com/2008/08/21/the-sliding-scale/ A Blog About Early Retirement and Happiness Tue, 07 Sep 2010 17:54:28 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: northern star http://blog.canadian-dream-free-at-45.com/2008/08/21/the-sliding-scale/comment-page-1/#comment-12024 northern star Tue, 07 Oct 2008 06:57:28 +0000 http://blog.canadian-dream-free-at-45.com/?p=500#comment-12024 I agree about working until you've got 35 years in and then you drop dead in retirement and don't even get to enjoy it. My father was worried about his retirement and hated his job. He kept at it and had 27 years in, got diagnosed with cancer, lived another 4 months and died. I learned a very valuable lesson. Live your life now, spend your money with an early retirement, invest in real estate rentals to allow yourself to have some back up but not have to go to work 9-5... I won't work until I die, and I am helping my husband to retire early at 48 years old so he can be home with our kids while I work (I'm a tad bit younger). The magic 35 kills a lot of people who are only worried about having $$$ when they are older and then they are too unhealthy to spend and enjoy it on anything other than health care. I agree about working until you’ve got 35 years in and then you drop dead in retirement and don’t even get to enjoy it.

My father was worried about his retirement and hated his job. He kept at it and had 27 years in, got diagnosed with cancer, lived another 4 months and died. I learned a very valuable lesson. Live your life now, spend your money with an early retirement, invest in real estate rentals to allow yourself to have some back up but not have to go to work 9-5… I won’t work until I die, and I am helping my husband to retire early at 48 years old so he can be home with our kids while I work (I’m a tad bit younger). The magic 35 kills a lot of people who are only worried about having $$$ when they are older and then they are too unhealthy to spend and enjoy it on anything other than health care.

]]> By: Early Retirement Extreme http://blog.canadian-dream-free-at-45.com/2008/08/21/the-sliding-scale/comment-page-1/#comment-8021 Early Retirement Extreme Sat, 23 Aug 2008 01:37:59 +0000 http://blog.canadian-dream-free-at-45.com/?p=500#comment-8021 Forsooth, I think that whenever we are talking "early" the old rules become invalid. We are not saving up for the time when we no longer will be able to do anything and when we will be sitting in a senior home. We are saving up that we will do other things during our retirement. In fact I don't even consider it a retirement anymore. More like a career break. Forsooth, I think that whenever we are talking “early” the old rules become invalid. We are not saving up for the time when we no longer will be able to do anything and when we will be sitting in a senior home. We are saving up that we will do other things during our retirement. In fact I don’t even consider it a retirement anymore. More like a career break.

]]> By: Retired Syd http://blog.canadian-dream-free-at-45.com/2008/08/21/the-sliding-scale/comment-page-1/#comment-7929 Retired Syd Thu, 21 Aug 2008 16:13:59 +0000 http://blog.canadian-dream-free-at-45.com/?p=500#comment-7929 Thanks Tim! You point out a really important issue. Each person should take the "rule of thumb" numbers and decide not only where they fall on the issue of risk of running out of money, but also how willing they are to be a little bit creative. Perhaps they are willing to go get a little part-time job if they choose a higher risk approach. Or cut back on some discretionary spending. Or as mentioned at Early Retirement Extreme, looking into volunteer opportunities that might pick up some expenses for you such as room and board in the location of the project. Thanks Tim! You point out a really important issue. Each person should take the “rule of thumb” numbers and decide not only where they fall on the issue of risk of running out of money, but also how willing they are to be a little bit creative. Perhaps they are willing to go get a little part-time job if they choose a higher risk approach. Or cut back on some discretionary spending. Or as mentioned at Early Retirement Extreme, looking into volunteer opportunities that might pick up some expenses for you such as room and board in the location of the project.

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