Would You Retire Two Years From Now If You Could?
If you could work reasonably hard for 2 more years and then retire with very little in retirement savings, would you?
I asked this question on my Facebook fan page recently and got some interesting responses. The responses seemed to vary depending on what the definition of retirement was for the person answering.
What would your answer be?
That question came up because I realized that if we do meet our goal of having our house paid off in two more years, then our expenses would be so low that we probably could technically retire at that time. (Or at least one of us could.) But…we’d have very little in retirement savings, so it would have to be a non-traditional retirement.
By “retire” I mean that we wouldn’t both have to work our full time jobs in order to pay our minimum monthly expenses. We could probably get by with a part time job, if it provided health insurance.
If we did “retire”, my intention would be to keep working on my business (because I love it) and to begin volunteering a good deal of hours each work. For me, retirement would mean the freedom to just work on the things I wanted to work on, when I wanted to work on them. (While traveling around and seeing random things, of course — which might require some creativity.)
So I suspect my answer to that question would be yes, IF we could get health insurance. What about you? How do you see retirement?