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Deciding not to retire soon

Troy Farwell
5 years ago
last modified: 5 years ago

My wife and I are 53, and were originally planning on retiring around age 55 or 56. We've been putting 20% of our income away for about 25 years, and our fourth kid will be out of house around then (he's just starting college) - so finances will be fine. We both really like our work (me: high tech, her: math educator)

As we are planning on how it will look a in few years, we both agreed on this route:

- Don't stop working at 56 and downsize. The original plan.

- Keep working, cut back to 3 or 4 days a week. Stop saving for retirement, paying for college - all that stuff we won't need to do anymore - and go have a lot fun / do good with the money. Spend our 50's / 60's in a very active way, and carve out more time to enjoy ourselves.

Anyone else thinking the same way?

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