Suppose someone gets paid $10/hour, that is what their hourly time(hourly life) worths. No more and no less.Not sure what you mean by " their lives may just be worth the money"
Early retirement pros and cons
- Thread starter stevenSC
- Start date
MACKTEXAS
Well-known Member
I retired early by choice - it was making me physically ill going to work every day after a horrible new department manager took over. Leaving early cost me because I ended up with a reduced Social Security benefit, but it was worth it. I've posted about that previously on some thread.
My wife had already retired (she was 3 years older than me). Our first year was great - - - some trips, vacation, but soon after, something started going wrong with her voice. It was first believed to be a respiratory issue, but turned out to be ALS, which progressed quickly and she required round the clock care (me) and was gone in less than 2 years. So, the way things worked out, it seems that my retiring early was meant to be.
Had it all worked out with a happier ending, and she had not died, I still wouldn't regret retiring early. The stress of going to that job was not worth wrecking my health over just to hold onto dollars.
My wife had already retired (she was 3 years older than me). Our first year was great - - - some trips, vacation, but soon after, something started going wrong with her voice. It was first believed to be a respiratory issue, but turned out to be ALS, which progressed quickly and she required round the clock care (me) and was gone in less than 2 years. So, the way things worked out, it seems that my retiring early was meant to be.
Had it all worked out with a happier ending, and she had not died, I still wouldn't regret retiring early. The stress of going to that job was not worth wrecking my health over just to hold onto dollars.
And you had no other job choices? Whenever I had problems with new management, I jumped to a new job and always get more money.
So my husband does voluntary work and his hourly time is worth nothing??
Odd way of looking at it - obviously work is about more than just the pay rate.
You are correct. In a capitalist society, your husband's voluntary work doesn't yield any monetary value. If that's what he does now, I don't see what the point of debating on early retirement is. He is retired.
Knight
Well-known Member
No regrets. Planned to retire early at age 55 but good luck came along to make it possible to retire 30 years ago at age 54. I will offer a little advice. Before drawing on your 401k ask the holder of your account if you have to deplete it in 15 years. If I began drawing on mine at 59 1/2 the way it was set up it would have been totally disbursed by age 74.
Account agent advised converting 401k to self directed & traditional IRA's. I could build the accounts tax free until forced to begin MRD deductions. Best advice we got since we live comfortably, don't live on a budget & are able to buy "wants" whenever a "want" is picked out.