I read an article today that rocked my world and I want to share it with my vast audience of literally TENS of readers.
If you’re like me, you want to retire as early as possible. It doesn’t matter how much I enjoy my job; there will always be a long list of other things I’d rather be doing. Planning for retirement is intimidating, and I always feel like I’m not as far along as I should be. My goal, and it’s a bit of a stretch, is to semi-retire at 55. By “semi-retire”, I mean I would be perfectly content to work for, say, ten years in a low paying, low stress, part time job that helps supplement my income. Then, at around age 65, I’d like to embrace full retirement, devoting 100% of my time to my worthy hobbies, which include traveling, drinking wine, and napping, among other things.
*Side note: In a perfect world, I would embrace full retirement at age 55 and earn supplemental income from passive sources like rental properties. We’ll see how that plays out. Thinking about how to create passive income streams is an intimidating and confusing topic for another day.
Retirement planning seems a bit simpler today after reading an interview with investment advisor William Bernstein on the CNNMoney blog. Mr. Bernstein has managed to make retirement planning seem a lot less like rocket science and a lot more like common sense. I’m not even going to try to summarize the main points here because I don’t think I could possibly be as clear and concise as Mr. Bernstein is in his own words. Just click through and read the interview.
Viva la frugal!