Retirement in our culture is traditionally seen as the time you stop working usually due to old age and it’s a relatively new concept in human history. It’s a time we get to pursue our passions without the burden of work.
The idea with retirement is that you have attained some level of financial freedom, you’ve reached the ability to live of your wealth without having to work for a paycheck to cover your bare necessities.
If your plan is a traditional retirement, you’ll stop working in your sixties. Regardless of what age you set to retire (or live off your accumulated wealth), you need to develop the habit of saving.
We help our clients determine how much they should be saving to reach their retirement goal. How much longer do I need to work before I can quit earning a paycheck.