"Two decades ago, I took my liberal arts degree(s) and got an entry-level job at a solid healthcare company and have moved up to the point where I think I've reached my max potential. I am punching above my weight in my current role. I believe that AI will kill my role in the next 12 months, and I do not believe my age and skillset will make me competitive in today's job market."
"My spouse (6 years younger and has taken a similar path and earns about the same salary) and I are also simply burned out with work and with the direction of the United States, so we're looking to retire early in a lower cost of living country. Our combined assets to include IRA, 401k and cash on hand totals about $2.4 million"
At age 54 with no children, the writer fears imminent AI-driven elimination of their healthcare-sector role and doubts competitiveness due to age and skills. The spouse, six years younger with similar earnings, shares burnout and a desire to retire early abroad. Combined liquid retirement assets total about $2.4 million across IRA, 401(k), and cash, plus roughly $500,000 home equity planned for sale. The writer's 401(k) currently holds $842,000 and could grow if work continues to age 60. A small military-related pension and healthcare coverage will begin at 60, and the Rule of 55 could fund earlier 401(k) withdrawals.
Read at Slate Magazine
Unable to calculate read time
Collection
[
|
...
]