How do I retire at 32?
I am 32. How do I go about retiring now and cashing out my social security benefits. If I should decide to return to work at a later date are there any penalties or guidelines that I should keep in mind? SR
im not sure myself, when you find the answer let me know...i will be following you please return the favor....
check my blog for a way to make a little extra revenue...might help you at least start reaching out for that goal...
http://dl-cashcrate.blogspot.com/
It depends on a lot of circumstances for example:
1. How old are you now?
2. No penalties for returning to work since you weren't old enough to draw from traditional retirement benefits anyway.
But let's just say you are 22, that will make the numbers easy. And let's say 70k is enough for you to live comfortably and you would be happy. Divide that into monthly income.... you need 5833.33 a month, let's just call it $5900 of residual monthly income. That means *each year* you need to add $590 of monthly residual income to your name to get there. That's doable if you focus your energies on truly *residual* income that will keep earning.
So, let's say you decide to make the internet your game. Each year you add a niche website, write 300 quality articles (less than one a day) back link them from quality sites etc. and build it up. You garner advertisers or use google and you average $2 per article per month. That gets you there. Do it every year, interlink the sites to add page rank, keep the content fresh, and you can quit your day job at 32.
Want to do it with stocks? Well that's a little tougher. But you can find 3% dividends. So let's focus on that. To accomplish the same goal you would need to accumulate 2.33 million dollars in relatively stable stocks that give a dividend payout. That would ensure you get your regular income but also have (if you invested well) a growing value that would keep up with inflation or better. Divide that by ten and you need to sock away 233k a year... yikes.
It's all math and that last example especially probably isn't the way to do it with stocks. (Buy value stocks low and sell them after 7 years when they are high for example would be better usually) But you get the idea. Set your goal, do the numbers, divide it down to manageable chunks and get it done.
Hope you make it!
by wordsscriber 14 years ago
Can You Get Social Security Benefits If You Retire Abroad?
by jasenpages 14 years ago
By "retire", I don't mean that have to stop working, but you could if you wanted to. I'll probably work on personal projects and run a small business of some kind until the day I die, but I would like to be able to retire before I turn 40. When does everybody else here plan on retiring?
by Annie 8 years ago
Your 32 year old son is sleeping with his mother , how do you handle this situation?
by anubee 14 years ago
Do you believe in the power of passive and residual income? And if so why should everyone...implement it?
by unico hijo 14 years ago
What percentage of your monthly income is spent on alcoholic beverages and cigarettes?
by noc4hire 14 years ago
What is earned income credit?
Copyright © 2025 The Arena Media Brands, LLC and respective content providers on this website. HubPages® is a registered trademark of The Arena Platform, Inc. Other product and company names shown may be trademarks of their respective owners. The Arena Media Brands, LLC and respective content providers to this website may receive compensation for some links to products and services on this website.
Copyright © 2025 Maven Media Brands, LLC and respective owners.
As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.
For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://corp.maven.io/privacy-policy
Show DetailsNecessary | |
---|---|
HubPages Device ID | This is used to identify particular browsers or devices when the access the service, and is used for security reasons. |
Login | This is necessary to sign in to the HubPages Service. |
Google Recaptcha | This is used to prevent bots and spam. (Privacy Policy) |
Akismet | This is used to detect comment spam. (Privacy Policy) |
HubPages Google Analytics | This is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy) |
HubPages Traffic Pixel | This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized. |
Amazon Web Services | This is a cloud services platform that we used to host our service. (Privacy Policy) |
Cloudflare | This is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy) |
Google Hosted Libraries | Javascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy) |
Features | |
---|---|
Google Custom Search | This is feature allows you to search the site. (Privacy Policy) |
Google Maps | Some articles have Google Maps embedded in them. (Privacy Policy) |
Google Charts | This is used to display charts and graphs on articles and the author center. (Privacy Policy) |
Google AdSense Host API | This service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy) |
Google YouTube | Some articles have YouTube videos embedded in them. (Privacy Policy) |
Vimeo | Some articles have Vimeo videos embedded in them. (Privacy Policy) |
Paypal | This is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy) |
Facebook Login | You can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy) |
Maven | This supports the Maven widget and search functionality. (Privacy Policy) |
Marketing | |
---|---|
Google AdSense | This is an ad network. (Privacy Policy) |
Google DoubleClick | Google provides ad serving technology and runs an ad network. (Privacy Policy) |
Index Exchange | This is an ad network. (Privacy Policy) |
Sovrn | This is an ad network. (Privacy Policy) |
Facebook Ads | This is an ad network. (Privacy Policy) |
Amazon Unified Ad Marketplace | This is an ad network. (Privacy Policy) |
AppNexus | This is an ad network. (Privacy Policy) |
Openx | This is an ad network. (Privacy Policy) |
Rubicon Project | This is an ad network. (Privacy Policy) |
TripleLift | This is an ad network. (Privacy Policy) |
Say Media | We partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy) |
Remarketing Pixels | We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites. |
Conversion Tracking Pixels | We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service. |
Statistics | |
---|---|
Author Google Analytics | This is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy) |
Comscore | ComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy) |
Amazon Tracking Pixel | Some articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy) |
Clicksco | This is a data management platform studying reader behavior (Privacy Policy) |