A few thoughts here from someone who has thought a lot about retirement.
1. I’m not sure where you are located now or where you are planning to grow old, but some countries have better safety nets than others. In the US it’s smart to plan for retirement. In Europe, less planning may be required (large blanket statement, I know)
2. I think it’s reasonable to suspect that at some point you may age out: this could be do to physical limitations, mental limitations, a desire to slow down, or simply put, you may be less valuable in any field. Since it’s hard to predict what the future holds and growing old isn’t an option, at minimum, you should be planning for some level of financial security. And P.S. you shouldn’t look at this negatively, it’s just smart planning. It’s similar to eating healthy or working out. Take care of yourself.
3. Consider backing into how much money you might need in your old age—specifically what does your budget look like when you are old, and how much would you need in a retirement portfolio to fuel passive income to sustain yourself? Start out with a retirement calculator like this one.
4. Coming up with a sound financial plan will ease the burden of your initial question. In fact, if you are less financially reliant on EA-related jobs, you may actually be able to expand your options as to what you can do in the future and per chance, have a greater impact.
5. If you do end up in a position where you have more than enough later on in life, you can always give more away and continue to work.
Your thought process seems binary: e.g. do I keep working or do I save for retirement. There are a whole variety of options within these two paths!
A few thoughts here from someone who has thought a lot about retirement.
1. I’m not sure where you are located now or where you are planning to grow old, but some countries have better safety nets than others. In the US it’s smart to plan for retirement. In Europe, less planning may be required (large blanket statement, I know)
2. I think it’s reasonable to suspect that at some point you may age out: this could be do to physical limitations, mental limitations, a desire to slow down, or simply put, you may be less valuable in any field. Since it’s hard to predict what the future holds and growing old isn’t an option, at minimum, you should be planning for some level of financial security. And P.S. you shouldn’t look at this negatively, it’s just smart planning. It’s similar to eating healthy or working out. Take care of yourself.
3. Consider backing into how much money you might need in your old age—specifically what does your budget look like when you are old, and how much would you need in a retirement portfolio to fuel passive income to sustain yourself? Start out with a retirement calculator like this one.
4. Coming up with a sound financial plan will ease the burden of your initial question. In fact, if you are less financially reliant on EA-related jobs, you may actually be able to expand your options as to what you can do in the future and per chance, have a greater impact.
5. If you do end up in a position where you have more than enough later on in life, you can always give more away and continue to work.
Your thought process seems binary: e.g. do I keep working or do I save for retirement. There are a whole variety of options within these two paths!