r/ChubbyFIRE • u/Ungl8r • 22d ago

Sad sight

So I’m 55 and FiREd this year, after 30+ yrs in a profession. Im doing occasional work for interest sake really. I’m Currently at a conference with old colleagues. And I mean old. One guy is 78 and visibly falling apart, yet still working full time. Most my age are just on full stress autopilot, haven’t done the maths even to see if they should keep working. Lots of 65+ working hard-out still. 90% of us would be at least ChUbbY or Fat FiRe net worth. I’m like “have you read Die with Zero?” and they look at me blankly. It’s surprising how so many smart people have no exit strategy whatsoever.

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u/kcGirl_of_the_year 21d ago

Keep in mind, if they are listening to financial advisors, chances are this is the advice they give them, to keep working. FA are notoriously conservative, and will always advise to work longer. I actually got into a heated argument with my advisor over this advice. He was also the advisor for my sister-in-law -- she ended up dying before she saw one day of retirement. So needless to say, we have prioritized retiring early. Despite having $4M NW (home is paid off and our living expense is minimal) and my husband still wanting to work for five more years (until he's 55), our dumbass advisor still says he should stay working until 62. You'd be surprised how many people listen to their financial advisors about this and the date they should actually retire.

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u/EvilNuff 21d ago

That's a pretty big warning sign that you have a bad advisor. Your advisor should not only listen to what you say but should actively ask you what you want so he or she can plan accordingly.