Want save aggressively now and transition to a lower stress/maintenance career later on but need higher TC to do so more easily
Same plan.
Florida is unlikely to exist, as we know it now, by the time you retire if you are in your 20s now
If we actually get universal health care in the US, I could likely retire by 50-55 (house will be paid off, kids' educations are paid for). If we don't, then I'll need to go to 60-65 to keep coverage for the kids (family history of early adult cancer, so I want them on good health coverage for preventative screening in their 20s)
It is evident that, the vast majority wants to retire by 50. Why can't we change this for our generation?
What's to change? If you want to retire by 50, then you need to adjust your savings rate to match. It means you'll probably want to go to a cheaper school to avoid massive student loans. You'll probably want to rent it if you buy a house it'll likely need to be cheaper than you would otherwise buy in order to maintain your savings rate. You'll need to investigate your savings vehicles and plan for things like Roth conversion ladders. The "official" retirement age only matters to Social Security. 401k and IRA withdrawal ages can be worked around. Everything else is up to how focused you want to be on FI/RE vs taking vacations, buying fancy phones, etc.
Healthcare is unaffordable. You'd never realize this working at Microsoft. Buying half decent private insurance for a 50 year old couple with a couple of kids will cost you closer to $2500-$3000 per month in today's money. God knows what it will cost a few decades from now.
Most of you children will work till 60!
Some delusional 20yr olds here
Why do late?
Yesterday