2007-03-05 13:12:57 · 9 answers · asked by ttd 1 in Business & Finance ➔ Personal Finance
There are loads of questions I would ask you before I could begin to answer such a question.
What is your pension like?
Your health?
The health of your parents and older relative?
How much do you like your job?
Do you want to retire completely, or just quit what you are currently doing?
How much money do you owe?
How much have you saved?
As you can see, there is a lot to think about.
I'm putting 3 urls in the source box related to retirement. Maybe one of them will get you to the next step.
2007-03-06 01:21:36 · answer #1 · answered by audreytheeditor 4 · 0⤊ 0⤋
Do you have enough money to live on for the rest of your life? It not then you shouldn't retire. If you do then you can retire. If you do retire I would find something you like to do to keep active with. Studies have shown that you will live longer and better.
2007-03-05 21:38:52 · answer #2 · answered by stlouiscurt 6 · 0⤊ 0⤋
yes, i give you permission to retire whenever you want...
but you are not old enough to get social security.
how will you pay your bills in retirement. if you have saved you will be fine, or if your company/employer will give you a pension
(some careers provide pensions after 20 years like the military, air traffic controllers, some kinds of police). But how to support yourself is your problem. you can retire anytime!!!
2007-03-05 21:18:27 · answer #3 · answered by Sufi 7 · 0⤊ 0⤋
You can retire at any age. Can you live on what you have saved so far - I think is your question.
Ask yourself these questions>
What is your likely mortality age?
How much of my estate do I want to leave to my heirs?
Do I have a trust setup to ensure my heirs do not have to go through probate?
How much have I saved?
How much do I need each year when I do retire?
How much can I draw from my investment without losing principal?
How much higher will my health insurance costs go?
I highly suggest you talk to a fee-only financial planner.
Good luck!
2007-03-05 21:25:31 · answer #4 · answered by Ethan 3 · 0⤊ 0⤋
If you can, try to transition into full retirement in months, years, or longer. Suddenly drastic changes can be difficult to adjust.
Whether or not you can retire ...depends on many personal factors such as family, health, physical fitness, and financial situation.
2007-03-05 21:27:26 · answer #5 · answered by Basil Green 1 · 0⤊ 0⤋
I'm 57. I AM retired.
2007-03-05 21:21:50 · answer #6 · answered by Faye H 6 · 0⤊ 1⤋
Of course you can IF you have enough funds to live for at least another 20 years on the life style that you want. Good luck ;)
2007-03-05 23:02:23 · answer #7 · answered by C L 5 · 0⤊ 0⤋
Of course! But think of what u're gonna do for the rest of ur life. If u are still healthy and can still contribute to the workforce, why not do part-time? At least u've got sth to do and still get paid. Hee!
2007-03-05 21:21:42 · answer #8 · answered by AL75 3 · 0⤊ 0⤋
Yes. (If you have enough money to move to Mexico)
2007-03-06 01:55:27 · answer #9 · answered by Anonymous · 0⤊ 2⤋