Bohemia, NY (PRWEB) April 01, 2013
On April 1, 2013, developer of Savings2Income, Jerry Golden, issues a statement in response to a USA Today article stating how 30-year-old Jason Fieber has been planning his retirement, in hopes to retire by the age of 40.
According to the USA Today article titled “Retire before 40? Some folks say it can be done” published on March 26, writer Matt Krantz reports on Jason Fieber, a service adviser at a car dealership, who is trying to save enough to retire before he reaches age 40. Fieber even moved to Florida from Michigan in order to live in a state without income tax and a sunnier climate.
Krantz writes that Fieber, whose job pays $50,000 a year has already saved more than $100,000 in three years. He doesn’t own a car and rides the bus. Fieber who is saving 60% of his net income also believes that he can save another $400,000 before he reaches age 35, and is looking to move from the working class to the investment class. Money can work harder than I ever could.
According to Krantz, ambitious young workers, as early as in their 20s are changing the way retirement is viewed. No longer are these workers considering retirement at the age of 65, but instead, more are doing what Fieber is doing.
Krantz states that, “To aspiring extreme early retirees, even the term retired is outmoded, as it sounds like someone who's resigned to the golf course after working to the bone for 40 years. For early-retirement hopefuls, the preferred goal is to be financially independent as quickly as possible.”
Jerry Golden, expert in planning for personal retirement savings with Savings2Income, knows how important it is for people to start thinking about retirement at an early age. “While I commend Mr. Fieber’s objectives, I believe unless he invents the next breakthrough web application, it’s going to be tough to retire at 40. However, creating a significant amount of savings to permit a career change, or the time to work on that invention, is a great idea for everyone, “Golden says.
It’s also important that these ‘early-retirement hopefuls’ use the Savings2Income planning method to obtain lower fees and deferred taxation on their savings,” Golden adds.
An innovative retirement planning method called Savings2Income (S2I) created by Jerry Golden seeks to provide a clear path to retirement security for those saving for retirement, soon to retire, and recently retired. S2I incorporates Rollover IRA savings, personal retirement savings held outside an IRA or 401(k) plan and Social Security into an integrated solution.