Early Retirement Blog

Doug Horan is 62 years old and unemployed.   Over the past 18 months, he has applied for 1,000 jobs, and is still unemployed.   Doug’s job search story, shared by millions of other older workers, is recounted in a San Francisco Chronicle article.   Doug Horan and everyone else over 55 years old should, if they can, quit looking for a job and retire.

If Doug couldn’t find a job 18 months ago, when the economy was in much better condition, what makes him think he will find a job today?   He won’t, and unfortunately, Doug is unnecessarily burning through his retirement savings in his fruitless pursuit.   He is needlessly sitting in front of his computer sending out resumes no one will read.   Getting more and more frustrated, stressed out, and depressed.   A total waste of time, money, and energy.

Doug is 62 years old.   That means he is most probably eligible for Social Security and pensions, which means he needs a lower net worth to support his retirement, which means he could possibly be retired instead of emailing resumes.

Wall Street uses a formula to calculate your retirement savings needs, which over-estimates by up to a million dollars or more, the amount you actually need to retire.   The formula is designed to turn Doug, and every other working American, into wage slaves.   If you have been laid off, the first thing you should do, is find out if you can retire.

Don’t be like Doug, visit the Early Retirement Website, and try our Can I Retire Now Calculator, before you waste any more of your time and money.

Also Read:
Can I Retire Now?
How to Retire With Less than $1 Million
How to Retire When You Want