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Financial freedom is far more important than just a number called retirement age, he said.
Here are more details on Robbins take on why achieving financial freedom is more important thanthe ideal retirement age.
Some will wait until theyre 65 since thats when they can enroll in Medicare.
But as Tony Robbins pointed out, its not always about choosing a specific retirement age.
Its about obtaining financial freedom something you could potentially do much sooner than your 60s.
What Does Financial Freedom Look Like?
But what does financial freedom look like?
To start, it means having confidence in your own assets.
It means knowing youll have enough to live the life you want without stressing about finances.
You might feel comfortable with $2 million in assets.
Or you might need $5 million to sustain your desired lifestyle.
One of the most common rules of retirement is the 4% rule.
Its not a one-size-fits-all solution to retirement planning, but it can help.
If you dont like that rule, it’s possible for you to always use the 25x rule.
Simply calculate how much you plan to spend each year in retirement and multiply that by 25.
If you think youll need $100,000 per year in retirement, youll need $2.5 million in savings.
Achieving Financial Freedom
Of course, no one retirement savings rule is perfect.
Youll need to prepare for the unexpected to achieve financial freedom.
If you do these things, you will be in a much better position to retire on your terms.
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