No. of Recommendations: 0
by 50 (possibly earlier) you will probably be able to coast.

An excellent point.

Many professionals fail to realize how your career opportunities change when you hit 50 or so. Age discrimination tends to make it difficult to find another job if you happen to lose yours. And long term employees often find themselves in upper salary brackets, where they are easily targeted for early retirement, replacement by younger "more up to date" candidates or whatever.

Most professionals eventually go through this. Having a nice nest egg to work from gives you many more options. You can consider early retirement, or starting your own company, or teaching at say a university, consulting, etc, etc.

But if you have minimal savings, big debts, a mortgage, kids in college, etc., life can get stressful.

It's sort of like a queen-fork in chess: you are skewered and forced to put up with what ever "stuff" they send your way.
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement