Do you have a pension? IRA? Stocks? Bonds? Will you just rely on Social Security payments?
Or will you work yourself into a box?
I've been sockin $ away in a company sponsored IRA for quite some time and in more recent years, I started buying individual stocks with a focus on dividend payers automatically reinvesting the dividends. Some of these are in a Roth IRA. The plan is to retire somewhere between 60 and 62. I'll live off the company IRA for a few years, then start drawing Social Security and eventually, dividends from my stocks. If all goes well, the dividends will cover all my expenses so I won't have to worry about timing the market to sell stocks at the right price.
Or will you work yourself into a box?
I've been sockin $ away in a company sponsored IRA for quite some time and in more recent years, I started buying individual stocks with a focus on dividend payers automatically reinvesting the dividends. Some of these are in a Roth IRA. The plan is to retire somewhere between 60 and 62. I'll live off the company IRA for a few years, then start drawing Social Security and eventually, dividends from my stocks. If all goes well, the dividends will cover all my expenses so I won't have to worry about timing the market to sell stocks at the right price.