Are you an early retiree, or perhaps a dreamer, counting down the days until you call it quits? Just save 25x your annual expenses, and you should be good, right? But what if you develop a chronic medical problem that blows a massive hole in your early retirement spending?
I recently calculated the rates of return I earn on Social Security, along with a range of returns for other Gen Xers. But that’s an overall average return – an average for everything I pay in over my career.
Every few years I get a statement from the Social Security administration about my future Social Security benefits. As a Gen Xer and an accountant, I’ve long known that my Social Security is not very secure. I likely will face reduced benefits,