Thread regarding Saudi Aramco layoffs

Early retirement

Early retirement sounds better and better every time I think about it. As I consider early retirement, I would like to know whether you think is a good idea or not and what I need to pay attention to in order to make a more informed decision. Does anyone already have experience with this? I would not like to make a mistake that I will regret if I am offered this option.

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Post ID: @OP+19fB6KA0

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Leave as soon as you can - you will not regret it. You'd be surprised how much your spending decreases when you are retired and that does ease things. Far better having peace of mind and your own time than rotting away in a toxic environment. Time is finite....

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Post ID: @5mae+19fB6KA0

Remember, they don’t add the years on at the other end. Though this applies to extensions rather than early retirement I suppose. There are numerous studies that show those who retire early live longer. However u need to be comfortable that your retirement pot is enough. Try the 4% rule. Can u live off 4. % of your lump sum? If yes, go for it. As long as u have enough to enjoy comfortable retirement. Remember, you will be a long time dead. Good luck in your decision making. Regards, an early retiree!

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Post ID: @2uif+19fB6KA0

Depends entirely on your own personal circumstances.
My own opinion is that you should work as long as you can stand it.

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Post ID: @2fki+19fB6KA0

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