Today I Learn… I make a point of learning something new everyday. This is what I learn each day

1, Sep 15, 2011

Retire as Early as Possible, Start Taking Care of Yourself, Part II

Filed under: Economy,Health — admin @ 12:59 am

It makes absolutely no sense to toil beyond age 60 and reaching 70 only to find oneself drop sick or even worse drop dead. I am sure in case like this the only beneficiary is U.S. government who does not have to waste a penny on your benefit. What a bless!

Against the advice given by the article, I believe the best strategy is to retire as early as possible, without having to stress out and burn away your life for that meager 30%.

Here’s a simple math: on the one side of equation is stay on till full retirement age + a high probability of poor health with a huge medical bills + 30% retirement benefit; on the other side is early retirement + time to take care of your body with a small medical bill – 30% retirement benefit. See how little that 30% counts?

When you have more time to take care of your dear body, you can have a better chance of living up to 100 and going strong from there. Plus, you can use a small percent of your early retirement benefit to invest and make more money. If your return is greater than 30%, hey, you beat Uncle Sam more than once, while having a good time!

All this is made possible by your total savings. If you are short on savings, too bad you have no choice but to toil till you drop. How dreadful to be poor!

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