No reason to keep at it unless at least one of these is the case:
... pyschologically leaving all that money on the table seems foolish. After all we spent 30+ years climbing to reach our peak earnings and then retire soon after getting there?
1) You love your job and the status and power and money it affords you.
2) You would not know what to do with yourself if you didn't spend your days working.
3) You love the personal optics of millions in your name sitting in the brokerage and seeing those funds grow from 7 figures to the 8s.
4) You want to give everything you earn and save, maybe from this point on, to charity because #1 and or #2 resonate.
Now the flip side. Why retire?
1) Oldies are not always treated well in the workplace. (YMMV.)
2) Leaving a job on your own terms is better psychologically than getting laid off when you least expect it.
3) You have better things to do with your time. Maybe it is to leave a legacy that impacts the lives of those who are disadvantaged over making your CEO and their minions richer than they already are.
4) You don't want the stress that comes with the job.
5) You want to prioritize your health over more $$s on your monthly statements..
6) You want to not have the dreaded performance reviews.
7) You want to use the money you've earned to enjoy life in the years remaining -- travel, hobbies, volunteering, serving on a local board, helping your parents, have an easier time scheduling doctor's appointments, fixing things around the house, cooking healthy meals, going for a walk or a run, sleeping in... the list is endless. What price should we put on these?
As some have noted, who knows what happens tomorrow?
Statistics: Posted by peterw — Thu Apr 04, 2024 12:17 am — Replies 63 — Views 4019