Latest news with #unmarried
Yahoo
05-07-2025
- Business
- Yahoo
A 57-Year-Old Asks If He Can Retire At 60: 'I'd Like To Plan For Annual Expenses Of $80,000 Per Year'
It takes multiple decades for most people to save enough money for their retirement. You have to grow your income, regularly invest your money, and capitalize on opportunities to minimize your tax bill. A 57-year-old is approaching the finish line and wants enough flexibility to retire at 60. The Redditor shared details about their net worth and laid out how much they want to spend. "I'd like to plan for annual expenses of $80,000 per year," the Redditor said. Don't Miss: Maximize saving for your retirement and cut down on taxes: Named a TIME Best Invention and Backed by 5,000+ Users, Kara's Air-to-Water Pod Cuts Plastic and Costs — Is the Redditor being realistic with their goals, or is retiring at 60 a bit of a stretch? Redditors chimed in with their thoughts in the comments. The Redditor is unmarried with no kids and has a $1.9 million net worth. Almost $1 million is in retirement accounts, while another $652,000 is in a brokerage account. All of the retirement funds are accessible penalty-free by the time the Redditor wants to retire. The financial picture gets even better when the Redditor mentions they have a $750,000 home that is fully paid off and a car that has also been paid off. The Redditor currently earns $133,000 per year at a job they enjoy and have a reasonable commute. The Redditor didn't mention their current bills, but with the house and car paid off, the bills are likely low. That was an insight from the top commenter. Another mentioned they would be surprised if the Redditor had any real debt with no mortgage or car payments. Trending: GoSun's Breakthrough Rooftop EV Charger Already Has 2,000+ Units Reserved — Some people said the Redditor could retire tomorrow, and the prospects will look even better if the Redditor works until turning 60. That's three additional years of saving money in tax-advantaged accounts and letting your portfolio grow before you have to start withdrawing from it. If the Redditor follows the 4% withdrawal rule and wants to spend $80,000 per year, the individual needs a $2 million portfolio to retire safely. The Redditor is close enough to that goal and doesn't have to contend with mortgage payments anymore. The Redditor has saved and invested enough money to have a good retirement. The stock market may experience corrections, but if the Redditor puts their capital into more conservative assets, the drops will be less than people leave the workforce early when they despise their jobs, co-workers, or work environment. However, the Redditor mentioned that they like the job, go-workers, and organization. The commute is even a good one, according to the original poster. If the Redditor retires at 60, the individual will have nothing to do. The Redditor is unmarried and has no kids. While retiring will give the Redditor more time to explore hobbies, fulfilling work offers a sense of purpose that you can't get from hobbies. If the Redditor really wanted, they could consider taking an extra day off each week, but a sedentary life can get quite boring in a hurry. The Redditor seems to have a solid set-up, and it's important to consider what the Redditor will gain from retiring early that they don't have right now. When extra time turns into idle time, it can become a problem. Read Next: Image: Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article A 57-Year-Old Asks If He Can Retire At 60: 'I'd Like To Plan For Annual Expenses Of $80,000 Per Year' originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
18-06-2025
- Yahoo
Foul smell from Johor home leads to discovery of decomposed teacher's body, believed to have died a month ago
KUALA LUMPUR, June 16 — The body of a woman believed to be a schoolteacher was discovered in an advanced state of decomposition at her home in Bandar Selesa Jaya in Iskandar Puteri in Johor, after neighbours alerted authorities to a foul smell. Iskandar Puteri District Police Chief Assistant Commissioner M Kumarasan said the discovery was made at 8.06pm on June 12 after a neighbour reported a strong odour coming from the 39-year-old woman's residence, Buletin TV3 reported today. 'She is believed to have died about a month ago. Investigations revealed that she had not reported for work since September 24 last year,' he said. A post-mortem was unable to determine the cause of death due to the advanced stage of decomposition. However, police found no signs of foul play. 'The case has been classified as sudden death, with no criminal elements detected,' he added. The woman, who was unmarried, was a teacher at a school in Taman Tunku Aminah and had been living alone. Police are currently trying to locate her next of kin.
Malay Mail
16-06-2025
- Malay Mail
Foul smell from Johor home leads to discovery of decomposed teacher's body, believed to have died a month ago
KUALA LUMPUR, June 16 — The body of a woman believed to be a schoolteacher was discovered in an advanced state of decomposition at her home in Bandar Selesa Jaya in Iskandar Puteri in Johor, after neighbours alerted authorities to a foul smell. Iskandar Puteri District Police Chief Assistant Commissioner M Kumarasan said the discovery was made at 8.06pm on June 12 after a neighbour reported a strong odour coming from the 39-year-old woman's residence, Buletin TV3 reported today. 'She is believed to have died about a month ago. Investigations revealed that she had not reported for work since September 24 last year,' he said. A post-mortem was unable to determine the cause of death due to the advanced stage of decomposition. However, police found no signs of foul play. 'The case has been classified as sudden death, with no criminal elements detected,' he added. The woman, who was unmarried, was a teacher at a school in Taman Tunku Aminah and had been living alone. Police are currently trying to locate her next of kin.
