Why Retiring at 55 is Better than 65 (The "3x" Rule)
About this episode
This episode discusses the financial implications and benefits of retiring at 55 instead of 65, emphasizing the impact on expenses and income sources during that period.
Retiring at 55 is not just retiring ten years earlier. It changes the entire math of your life. From 55 to 65, expenses are often at their highest. You are covering healthcare before Medicare, traveling more, and living fully. At the same time, Social Security has not started. Everything comes from your portfolio. On paper, that can feel uncomfortable. Withdrawal rates look high. The numbers can scare you. But that spike is temporary. Once Medicare and Social Security begin, the press...
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