Mike Milligan shows how working just three to six months longer before retirement can boost your income by the equivalent of saving an extra 1% over 30 years. He argues that generic advice to work longer misses the point, and a custom financial plan can help you retire sooner and actually enjoy it.
Chapters
Working an extra 3 to 6 months before you retire can boost your retirement income by the same amount as if you would have saved 1% more over 30 years. Now, it could be painful to work 3 to 6 months, Gary. You know how many people I talk to when I say, you know, they'll tell me they're 62 years old and they'll ask me, I'll ask them, when do you want to retire? And they'll be like 62 months or 62 years old. They say, I want to retire today. And I'm like, why? And they'll tell me about the aches and pains of getting up in the morning, right? Yeah. How the job is for young people, how technology's evolving so fast. They tell me all these stories, right? And if I were to tell them to work 3 to 6 months longer, that's like what the one-size-fits-all investment advisors tell people every day. Just work a little bit longer. You're gonna get stats like this. The one-of-a-kind financial plan helps you get out of work as soon as possible so you can actually retire, right? So you can go do the things that, uh, that, that, that make, that bring purpose and joy to your life.