Quote:
Originally Posted by Unregistered
We are planning to retire by 55 if possible. Otherwise by 60. We live a simple life. We don't splurge on luxury items nor expensive meals.
We hope to spend more time together after retirement and take part in community work. Hopefully we will have a fruitful retirement.
|
Yes, retire by 55 if you can. Life is not all about making money. There is more to life than that. What is the point of leaving so much wealth when you die? Your children and relatives will be fighting to grab your wealth. So many cases in the news.
There are people who already have $5m when they are in their 50s but cannot let go. They want to work until they reach 65 and only to die at 70. Their $20m wealth will be fought over by their children and they will sue each other in court and appear in the news. Bring shame to the family.
Best is to give your children a good education and tell them you are not leaving them any fortune when you die. This will make them work harder to prepare for their own future and retirement.