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Old 04-23-2014, 05:23 PM
 
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I think if you can afford it saving but not ruining your younger years is important consideration. I retired early at 52 but I also did a lot of things I wouldn't have at older age or even much of at 52. Enjoy your youth is just as important has risk you;'ll be able to enjoy what you think of in youth at older age. Life has phases and we change over time.
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Old 04-23-2014, 05:26 PM
 
Location: Great State of Texas
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Everyone has their own ideal age and that is what they usually work towards.
Sometimes they attain it and sometimes they don't.

There is no general ideal age.
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Old 04-23-2014, 05:50 PM
 
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Quote:
Originally Posted by brightdoglover View Post
If I remember correctly what I read, "retirement" at 65 was instituted by the German Kaiser around 1914 or so (before the end of WW One, anyway) and it was for German civil servants. Pre-dating the U.S. idea by well over a decade.
At an age that only a very small percentage of the German population lived to 64. The average life expectancy was about 48 in 1900.
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Old 04-23-2014, 06:01 PM
 
Location: Forests of Maine
30,687 posts, read 49,469,539 times
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Quote:
Originally Posted by texdav View Post
I think if you can afford it saving but not ruining your younger years is important consideration. I retired early at 52 but I also did a lot of things I wouldn't have at older age or even much of at 52. Enjoy your youth is just as important has risk you;'ll be able to enjoy what you think of in youth at older age. Life has phases and we change over time.
There is a wisdom to retiring as soon as possible, before the ailments and disabilities settle in so much that we can no longer enjoy life.
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Old 04-23-2014, 08:47 PM
 
10,818 posts, read 8,067,156 times
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Quote:
Originally Posted by Hemlock140 View Post
I always thought that retirement was wasted on the old, we should all retire at 40 and then go back to work at 60.
That might be true for some but not for everyone. When I was in my 40s-50s, I enjoyed my work and derived satisfaction from feeling useful and productive and contributing to society. I retired at 63 and have enjoyed every minute since, I love my life and have no interest in working.
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Old 04-23-2014, 08:49 PM
 
Location: southern california
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Old enough to have built up enough money but young enough to spend it
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Old 04-23-2014, 09:09 PM
 
Location: Los Angeles area
14,018 posts, read 17,744,100 times
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Quote:
Originally Posted by biscuitmom View Post
That might be true for some but not for everyone. When I was in my 40s-50s, I enjoyed my work and derived satisfaction from feeling useful and productive and contributing to society. I retired at 63 and have enjoyed every minute since, I love my life and have no interest in working.
Exactly. One can enjoy one's job and derive gratification from it and one can enjoy one's retirement equally. The two are not mutually exclusive.
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Old 04-25-2014, 11:04 AM
 
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Some 20 year olds do have definite ideas about retirement and what they envision their lives being like. I know that I did! Of course, those ideas morphed a bit as I got older and discovered that life sometimes throws curve-balls.

My parents have been my financial inspiration for early retirement. They both retired from state jobs with pensions when they were 55. That was the right age for them to retire. They were young enough to continue doing yard and farm work and were able to explore their interests.They are in their 80's now. I grew up listening to them discuss retirement, savings and frugal living.

I am 43 years old and my husband is 56. For us, these are the ideal retirement ages!

We are planning to retire next year. My husband's job is physically demanding and we always planned for him to be able to retire. It can be difficult to keep doing work that can easily tear your body down. We want to travel a bit, spend winters in the sun and have time to enjoy hobbies, etc... Our children are grown and college educated and we have no debt related to their educations.

While may parents are our inspiration, our retirement won't look like my their quiet, home-based lifestyle. They can afford to do more traveling and pricier activities, but opt not to.

Since we don't have pensions, our retirement will be based upon having access to 401k's, Roth IRA's, Social Security, royalties and monthly income from rental properties. I suppose you could say that we won't be fully retired since I am a freelance writer and novelist and will likely continue doing that. My husband is planning to take a few vocational classes and maybe restore an old car. Our rentals take up a little bit of time, too.

We haven't set a date for when we will give those activities up and declare ourselves to be fully retired!
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Old 04-26-2014, 07:27 PM
 
Location: SW MO
23,605 posts, read 31,497,588 times
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Default The "Ideal" Retirement Age...

...is whenever you're able and choose to. What's so complicated about that?
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