Comments on: The Dark Side Of Early Retirement http://www.financialsamurai.com/2010/04/30/the-dark-side-of-early-retirement-risks-dangers/ Slicing Through Money's Mysteries Fri, 10 Feb 2012 05:38:40 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Jeff http://www.financialsamurai.com/2010/04/30/the-dark-side-of-early-retirement-risks-dangers/comment-page-2/#comment-60846 Jeff Mon, 30 Jan 2012 17:49:49 +0000 http://www.financialsamurai.com/?p=7011#comment-60846 The question of selfishness is dependent on your reason for retiring. There are many good reasons and many selfish reasons to retire. The question of selfishness is dependent on your reason for retiring. There are many good reasons and many selfish reasons to retire.

]]> By: Things To Do And Think About Before Quitting Your Job High Roller | Financial Samurai http://www.financialsamurai.com/2010/04/30/the-dark-side-of-early-retirement-risks-dangers/comment-page-2/#comment-60530 Things To Do And Think About Before Quitting Your Job High Roller | Financial Samurai Tue, 24 Jan 2012 14:14:22 +0000 http://www.financialsamurai.com/?p=7011#comment-60530 [...] on how much you make.  Ironically, the less you make, the better the sabbatical!  There is a dark side to early retirement which everyone needs to [...] [...] on how much you make.  Ironically, the less you make, the better the sabbatical!  There is a dark side to early retirement which everyone needs to [...]

]]> By: 20's finances http://www.financialsamurai.com/2010/04/30/the-dark-side-of-early-retirement-risks-dangers/comment-page-2/#comment-58613 20's finances Mon, 19 Dec 2011 04:24:05 +0000 http://www.financialsamurai.com/?p=7011#comment-58613 Two points that I want to highlight. I agree with you about the fact that an early retirement plan is a great way to keep you focused. Secondly, most of the time, early retirement is selfish, but it doesn't have to be. I don't just want to sit around my entire life. Instead I want to use my time to make a difference. My early retirement plan isn't the traditional plan as well, since i will still be working 3 days per week; but I'll be working for myself too. Two points that I want to highlight. I agree with you about the fact that an early retirement plan is a great way to keep you focused. Secondly, most of the time, early retirement is selfish, but it doesn’t have to be. I don’t just want to sit around my entire life. Instead I want to use my time to make a difference. My early retirement plan isn’t the traditional plan as well, since i will still be working 3 days per week; but I’ll be working for myself too.

]]> By: Eve http://www.financialsamurai.com/2010/04/30/the-dark-side-of-early-retirement-risks-dangers/comment-page-2/#comment-54034 Eve Mon, 12 Dec 2011 02:39:23 +0000 http://www.financialsamurai.com/?p=7011#comment-54034 I believe that all the previous comments have been harsh to the writer as I understand his objective in writing this article. Of course the people that are retired and live a great life are going to get insulted but what you haven't realized is that this article is not intended for you or to insult you. This article is for people like myself, I am 19 years old and analyzing my financial options to endure a great lifestyle. As I was thinking, yes you can retire early if you definitely hate working or you just feel that you have given it all you have and are tired of it and have no need to continue working because you have made enough money in the years you have worked. Now, for those like myself that are starting out, all you read about in other websites is how amazing it is to retire early and live an extremely frugal life. Honestly who wants to live so frugal? What's the point of retiring early if you can not enjoy a luxurious vacation if you wanted to or buy yourself a condo by the beach, or even if you can.... You have nothing coming in, the consumerism guilt is in the back of your mind, the subtraction to your savings for retirement. Not the.. "Its ok, I can purchase it because there's still money flowing in." Every one likes nice things, and like the writer said, what if you have a sudden inconvenience that you never expected. As in my short years I have realized, as I am a very honest individual. No one likes the truth, they like to be told that every thing will be ok, that every thing will go as planned and if it does not there will be a way. That is true there is always a way but I am a realist there is a big difference between being realistic and being a pessimist. I think as adults we all know that, like an old friend taught me " You need to be able to have a professional conversation with out showing emotion even when the topic is about emotions." If it is going fabulous for you, amazing.... But no need to insult the writer who is a realistic individual trying to warn those young ones of a promised land. As a dollar today does not equal the same as a dollar in the 1800's don't we all agree? Who knows how inflation may be 15 years from now....... Good luck, love, and respect to the now retired readers. :) I believe that all the previous comments have been harsh to the writer as I understand his objective in writing this article. Of course the people that are retired and live a great life are going to get insulted but what you haven’t realized is that this article is not intended for you or to insult you. This article is for people like myself, I am 19 years old and analyzing my financial options to endure a great lifestyle. As I was thinking, yes you can retire early if you definitely hate working or you just feel that you have given it all you have and are tired of it and have no need to continue working because you have made enough money in the years you have worked. Now, for those like myself that are starting out, all you read about in other websites is how amazing it is to retire early and live an extremely frugal life. Honestly who wants to live so frugal? What’s the point of retiring early if you can not enjoy a luxurious vacation if you wanted to or buy yourself a condo by the beach, or even if you can…. You have nothing coming in, the consumerism guilt is in the back of your mind, the subtraction to your savings for retirement. Not the.. “Its ok, I can purchase it because there’s still money flowing in.” Every one likes nice things, and like the writer said, what if you have a sudden inconvenience that you never expected. As in my short years I have realized, as I am a very honest individual. No one likes the truth, they like to be told that every thing will be ok, that every thing will go as planned and if it does not there will be a way. That is true there is always a way but I am a realist there is a big difference between being realistic and being a pessimist. I think as adults we all know that, like an old friend taught me ” You need to be able to have a professional conversation with out showing emotion even when the topic is about emotions.” If it is going fabulous for you, amazing…. But no need to insult the writer who is a realistic individual trying to warn those young ones of a promised land. As a dollar today does not equal the same as a dollar in the 1800′s don’t we all agree? Who knows how inflation may be 15 years from now……. Good luck, love, and respect to the now retired readers. :)

]]> By: BK http://www.financialsamurai.com/2010/04/30/the-dark-side-of-early-retirement-risks-dangers/comment-page-2/#comment-46885 BK Sun, 06 Nov 2011 04:50:47 +0000 http://www.financialsamurai.com/?p=7011#comment-46885 I think this is an excellent article with many well made points. I appreciate that you were willing to take an opposing view and provide a different perspective. Satisfaction and identity is often derived from doing productive, fulfilling work, and I concur that early retirement is oftentimes not the right solution towards achieving personal fulfillment. Having given up a career to raise children, I often crave and desire defining myself outside of the home. Being able to do intellectually stimulating work and meaningfully contribute to society is now what I want. A sense of self respect and identity I believe comes from doing work that benefits others beyond oneself. Many people who don't have this do suffer from a lack of purpose or hopelessness. I also think one of the contributing problems is that many are stuck in dead-end jobs. However, those who quit early may never find their potential or fulfill their true calling in life. Thank you for a well written article and presenting many excellent points. I think this is an excellent article with many well made points. I appreciate that you were willing to take an opposing view and provide a different perspective. Satisfaction and identity is often derived from doing productive, fulfilling work, and I concur that early retirement is oftentimes not the right solution towards achieving personal fulfillment. Having given up a career to raise children, I often crave and desire defining myself outside of the home. Being able to do intellectually stimulating work and meaningfully contribute to society is now what I want. A sense of self respect and identity I believe comes from doing work that benefits others beyond oneself. Many people who don’t have this do suffer from a lack of purpose or hopelessness. I also think one of the contributing problems is that many are stuck in dead-end jobs. However, those who quit early may never find their potential or fulfill their true calling in life. Thank you for a well written article and presenting many excellent points.

]]> By: How Do You Know When To Retire? | Yakezie.com http://www.financialsamurai.com/2010/04/30/the-dark-side-of-early-retirement-risks-dangers/comment-page-2/#comment-45204 How Do You Know When To Retire? | Yakezie.com Fri, 28 Oct 2011 08:00:32 +0000 http://www.financialsamurai.com/?p=7011#comment-45204 [...] easier for you to retire even earlier.If you are not retired, how will you know?Please read, “The Dark Side To Early Retirement” for more thoughts on why it might not be a good idea to retire early. Thanks,SamPhoto [...] [...] easier for you to retire even earlier.If you are not retired, how will you know?Please read, “The Dark Side To Early Retirement” for more thoughts on why it might not be a good idea to retire early. Thanks,SamPhoto [...]

]]> By: freebird http://www.financialsamurai.com/2010/04/30/the-dark-side-of-early-retirement-risks-dangers/comment-page-2/#comment-44542 freebird Mon, 24 Oct 2011 19:16:11 +0000 http://www.financialsamurai.com/?p=7011#comment-44542 These days with so many people not getting enough hours or advancement, I wonder whether not retiring early when you can afford to may be the more selfish option? So while I believe most people do look out for number one, I don't believe that early retirement is intrinsically selfish. Folks who keep themselves out of the applicant pool in order to give others a chance to earn a decent living may be the heroes. I don't think there's an ideal age for retirement from a particular job, but I do believe there is a right time for it to happen, and that's when one loses interest in doing it well. Simply marking time I think is a mistake for both you and for your employer. I would agree that when the job market heats back up that early retirement will become less appealing-- mainly because more job openings means a greater likelihood of finding that perfect fit in work/life balance. Many of today's early retirees don't want to settle for a poor fit, and when the market recovers they won't have to. These days with so many people not getting enough hours or advancement, I wonder whether not retiring early when you can afford to may be the more selfish option? So while I believe most people do look out for number one, I don’t believe that early retirement is intrinsically selfish. Folks who keep themselves out of the applicant pool in order to give others a chance to earn a decent living may be the heroes.

I don’t think there’s an ideal age for retirement from a particular job, but I do believe there is a right time for it to happen, and that’s when one loses interest in doing it well. Simply marking time I think is a mistake for both you and for your employer. I would agree that when the job market heats back up that early retirement will become less appealing– mainly because more job openings means a greater likelihood of finding that perfect fit in work/life balance. Many of today’s early retirees don’t want to settle for a poor fit, and when the market recovers they won’t have to.

]]> By: Mark http://www.financialsamurai.com/2010/04/30/the-dark-side-of-early-retirement-risks-dangers/comment-page-2/#comment-42195 Mark Wed, 12 Oct 2011 05:37:09 +0000 http://www.financialsamurai.com/?p=7011#comment-42195 Sounds like you're jealous. I retired at 34 and am 39 now. I do not live on a shoestring budget. In fact I bought my dream car, a Lamborghini LP560, this year. It was my present for driving crap cars most of my life. I don't "justify" to others why early retirement is great -- I don't need to. I don't tell everyone how great my life is, either, because I don't try to make people feel bad. I find it's the other way around: people who have a 9-5 job they don't like are the ones who tell me how they don't want to retire because they'd be bored, and how they prefer their life over mine. Give me a break. Their jealousy is too obvious. Sounds like you’re jealous. I retired at 34 and am 39 now. I do not live on a shoestring budget. In fact I bought my dream car, a Lamborghini LP560, this year. It was my present for driving crap cars most of my life. I don’t “justify” to others why early retirement is great — I don’t need to. I don’t tell everyone how great my life is, either, because I don’t try to make people feel bad. I find it’s the other way around: people who have a 9-5 job they don’t like are the ones who tell me how they don’t want to retire because they’d be bored, and how they prefer their life over mine. Give me a break. Their jealousy is too obvious.

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