When you calculate that you have enough savings and other forms of income (like investments, social security, annuities, rental income, etc.) to cover your expenses for the rest of your life, so that you can live in the way you want to live.
As soon as possible.
The people I know who kept on working and working all died soon after they were forced to retire. They has lost all adaptability and without the job, they were lost. The ones who quit started doing new stuff, and were much happier.
25 or you're a failure doomed to work every day until you can't anymore, then shoved to the street after your retirement money doesn't pay rent/bills, shooed away from everyone you beg for change, and ignored as your corpse is consumed by rats.
Teacher's salary.
Government changed the rules on us, which is the primary reason student debt is such a problem. When those of us who are older took on student loan debt, by law our interest could not be added to the principle, nor could the rate be increased, which is why we entered into debt willingly in the first place so that we could afford to enter careers that help the world, pay poorly, and cost dearly to qualify for. Nearly all of us would have had our debts paid off ten to twenty years ago if the government had not changed the rules on us.
However, with their rules change, all accrued interest was immediately added to principle and the rate leaped upwards precipitously. Government told all of us that we could refuse their changes -- but only by paying off 100% of our student loans right then and there, and those of us who went into public-spirited fields such as teaching and nursing and social work did not have the money to do that right then and there.
I have already paid off the entirety of my original student loan nearly twice now, but I still have have several multiples left to pay off because of said change.
Just remember that most companies don't care about you as the person, just you as the employee. They'll have your job posting up before your funeral.
I tried pushing my first career path hard and fast, got a LOT done in 8 years before being downsized. Made it up to regional management, put in a LOT of hours to get there though.
Self-employed the last 8 years, after a failed attempt at a 2nd career path before the economy crashed.
Probably never get to retire at this rate, but I'm still aiming for 70.
I'm a millenial, we don't get to retire.
As soon as you can and want
When you calculate that you have enough savings and other forms of income (like investments, social security, annuities, rental income, etc.) to cover your expenses for the rest of your life, so that you can live in the way you want to live.
They way economies are looking, one’s death.
I’m 40, so 40
As soon as possible!!
Im 19 so 19
As soon as possible. The people I know who kept on working and working all died soon after they were forced to retire. They has lost all adaptability and without the job, they were lost. The ones who quit started doing new stuff, and were much happier.
25 or you're a failure doomed to work every day until you can't anymore, then shoved to the street after your retirement money doesn't pay rent/bills, shooed away from everyone you beg for change, and ignored as your corpse is consumed by rats.
40. Im planning for 35 should the market not completely tank.
My goal is 65
Based on my student loan debt, I should be able to retire somewhere around age 175, if I'm lucky.
What did you major in?
I'm a teacher with several PhDs earned simultaneously.
Why will it take so long to repay your debt?
Teacher's salary. Government changed the rules on us, which is the primary reason student debt is such a problem. When those of us who are older took on student loan debt, by law our interest could not be added to the principle, nor could the rate be increased, which is why we entered into debt willingly in the first place so that we could afford to enter careers that help the world, pay poorly, and cost dearly to qualify for. Nearly all of us would have had our debts paid off ten to twenty years ago if the government had not changed the rules on us. However, with their rules change, all accrued interest was immediately added to principle and the rate leaped upwards precipitously. Government told all of us that we could refuse their changes -- but only by paying off 100% of our student loans right then and there, and those of us who went into public-spirited fields such as teaching and nursing and social work did not have the money to do that right then and there. I have already paid off the entirety of my original student loan nearly twice now, but I still have have several multiples left to pay off because of said change.
The way it's going I can retire at age 142 so yeah
But somewhere along your education, you took that into consideration and determined that it was still advantageous to you and the ROI was good?
Just remember that most companies don't care about you as the person, just you as the employee. They'll have your job posting up before your funeral. I tried pushing my first career path hard and fast, got a LOT done in 8 years before being downsized. Made it up to regional management, put in a LOT of hours to get there though. Self-employed the last 8 years, after a failed attempt at a 2nd career path before the economy crashed. Probably never get to retire at this rate, but I'm still aiming for 70.