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The Impact of Missing Years on Social Security Benefits
This chapter explores the consequences of not having a full 35 years of earnings on social security benefits for early retirees. They discuss estimation tools and the pattern of earning more per year worked.
In this episode: calculating when you retire, tracking expenses, health insurance, the importance of planning, and health spanning.
This week we are rejoined by Teresa as well as Fritz Gilbert of The Retirement Manifesto to walk us through a case study of how to approach retirement while on your FI journey. It’s a common question to ask when you can retire or when you can stop working? Luckily there are plans of action and resources available covered in today's episode that will leave you feeling better prepared to proceed with a plan for retirement, no matter what part of your FI journey you are on. While there are many factors to consider when planning for retirement, such as savings versus spending rate and repositioning your portfolio, all these factors are manageable when you have a good plan in place. Take the time now to feel confident for what life will be like leading up to and after you retire!
The Retirement Manifesto:
Timestamps:
Resources Mentioned In Today’s Episode:
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Listen to the best highlights from the podcasts you love and dive into the full episode