Sound To Retire?

Retirement is an often-misunderstood word. The legal understanding is linked to age – you retire when you turn 60. The practical understanding, however, is a choice – to leave active work. Age is no factor for the latter definition. As long as there’s no compulsion, you can always work for passion, cause or to just avoid boredom. That is the kind of freedom, many of us aspire for. You reach this stage when you have a fully paid-up home to live, enough savings or passive income to maintain your lifestyle, have no outstanding debt but adequate insurance coverage for black-swan events. Retirement planning in this case is simply a race to achieve the freedom from work, before you are forced to withdraw from work by labor laws. The sooner you reach this stage the happier you are in life. Hence, you should start planning as soon as possible – ideally with your first...