How to Retire Tomorrow (or Even Today)
How to determine what you will need for retirement and make a plan to get there.
At some point while at your job, annoyed with the hassle of the work day, you probably thought to yourself “Oh, I wish how I could just stop working, and never have to come here again.” You would likely much rather spend your days doing the things you love, like traveling, spending time with friends and family, or working on personal projects that are near and dear to your heart. In the world of personal finance, we call that retirement. (It could actually be called unemployment as well. The difference is whether you need to worry about money in the future or not).
So if you are fed up with your job, let’s consider retirement. To make sure that you can actually retire, you need to make sure you don’t have to worry about money in the future. If you do have enough money, then you can retire today with the peace of mind that you never have to deal with an irritating manager or customer ever again.
Do you have enough?
Great, so how do we know if we have enough money? For that, I introduce the 4% Rule. The 4% Rule is a financial principle created by a smart fellow named William Bengen. Long story short, Bengen did a lot of research to work out a rate at which you…
