Retirement advisors and policy wonks tell us there's a retirement crisis. They tell us not to retire too early and certainly not to take Social Security benefits too early.
So how come we keep hearing of younger people, people under 40, retiring early?
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Is it just the province of trust-fund babies or millennials who found and sell off start-up companies in Silicon Valley? Or is it possible if you follow certain tried and true methods of retirement planning — while starting young, of course?
For an answer, we wanted to point out a recent article by Ben Steverman at Bloomberg Business that will either make you mad or inspire you.
Steverman interviewed three people about what they did to be able to retire early: a 38-year-old computer hardware engineer and his HR professional wife; a CPA and her CPA husband who retired in their forties; and a 36-year-old transportation engineer and his financial industry professional wife.
They save aggressively and track expenses and income, invest their money, and feel they live rather frugally.
So what do you think — are their stories revealing of lessons we can learn? or pie-in-the-sky dreams?
Is it even fair to call what they're doing "retiring early"?
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