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Home › Forums › Other › My next door neighbor was a cop, still under 60, been retired for more than 5 yrs › CDMA ENG][quote=CA renter

June 11, 2012 at 9:58 AM #745437
UCGal
Participant

[quote=CDMA ENG][quote=CA renter]Regarding employees who can retire at 50…
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FYI – you can retire at 50 in the private sector too – just takes a lot of saving/planning/debt reduction and a Live Below Your Means lifestyle.

I’m private sector and am working hard to retire at or before age 55.

I do have a private sector defined benefit pension that was frozen a decade ago, along with a private sector defined contribution “portable” pension that was frozen a few years ago and is now underfunded and non-portable… They add up to a whoppin’ $400/month at age 60. Obviously the bulk of my income stream will be from savings.

Check out http://www.early-retirement.org/forums/ and http://earlyretirementextreme.com/
Lots of non-public employees retire at or before the age of the OPs neighbor. It’s a choice to be frugal and get out early.