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Originally Posted by NextGen
motordavid - I see stories like this all the time. What is missing in these stories is the details. Okay so you bailed at 53, are you willing to share some numbers? How much did you have total? How much do you pull a month? When do you expect your savings to run out? Do you own a house (owning cost money and typically increases every year)? Did you have to change your lifestyle or do you live the way you did before retirement?
I am a saver also. My 401k is almost maxed out and my company matches 25% unlimited. If I can keep this up I should be able to walk away earlier than 65-67.
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NextGen, I toss up articles all the time; some are entertaining, informative,
interesting or, just for fun. That art. was not meant to be a "guide"; it was
intended for what it is: a reminder to some of my younger Gang here, that
a little planning and saving will serve anyone well over time. Any saving is
better than none or, not much saving.
The article had, imo, enough detail to get one thinking about some
scenarios and a bit of simple arithmetic showed the advantage of
some painless tweaks that compound very favorably, over time.
I congratulate you on your saving effort. Imo, max that 401k every
year, look hard at throwing most/all of it into a Roth and keep between
the fiscal/common sense shoulders of the road. It will serve you well.
Do you really want to hear my details?
BR,mD