|Category||Loss in 2008||Gain in 2008|
|Wages||Thousands of dollars not earned||-|
|Investments||Decline of 5.4 times pre-retirement salary||-|
|Commuting||-||$50 and 20 hours less per week due to no commuting|
|Sleep||-||3 more hours per night|
|Exercise||-||2-3 times more per week|
|Activities with family||-||Hundreds more hours per year|
Was retiring early in 2007 the right decision? For now, the answer is still yes.
I admit that if I hadn't already retired early, I would be hesitant to do so now. However, I am still glad that I took early retirement in 2007. Having lived through 2008 as a retiree, I realize that it's possible to survive financial losses, provided there is a recovery. However, if I hadn't retired, the time that I gained back in 2008 would have been lost. And there is no way to recover time that is lost.
For more on Reaping the Rewards, check back every Friday for a new segment.
This is not financial or retirement advice. Please consult a professional advisor.
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