How To Retire At 50
individuals in their early to mid 20s are ? advantage, if they want to retire at 50, because time is on their side, allowing for greater savings. however, early retirement isn't going happen without discipline and planning. if you're in your 20s, there are three important steps when planning for your post-work life. ? is 21 and has a three step plan to save money for his retirement. firstly, he knows how important his cost of living is and he could be self-funding 40 or more years of living expenses. ? knows that it's important to downsize and plan to live as modestly as possible both before and after retirement. secondly, ? saves as much money as he can. he understands that if he starts saving in his 20s, his money has 25 or more years to grow. he has started saving as much as he can, as early as he can. ? also plans to max out his employer's 401(k) and ? in their retirement plans, as well as max out his annual ira contribution limits. lastly, ? is doing his best to avoid penalties. if he retires before age 59 and a half, ? knows he will be charged penalties for withdrawing assets from his retirement accounts. to avoid this, he will save some money in a non ? account such as a savings account that has no age restrictions. while 50 may be a ? goal for many, conservative budgeting and aggressive savings can make it achievable. moreover, even if you are clear ? into your 60s, ?.
- on one's side・・・～に味方して