Jackie Cummings Koski tells PEOPLE she retired at the same age her father was when he died of colon cancer
“There’s been a massive movement sweeping the country called FIRE — financial independence, retire early,” says Jean Chatzky, the 55-year-old CEO of. “The people who are involved in it have made the choice — and it is a choice — to bank a huge portion of their income so that sooner, rather than later, they can choose to take on the work they want to take on or not. It’s really a matter of priorities.
Following FIRE principles, Koski looked at how much she was spending every month and multiplied it by 25. TheKoski did the math and realized she needed about $1 million to retire early. Even though she never made a six-figure salary, Koski says she hit the goal faster than she expected. “I think I was, like, 46. And I’m still thinking in my head, ‘There’s no way. I can’t just not work. I can’t retire, I’m too young.’ I’m running the numbers all kinds of different ways,” Koski says.“I had that one-more-year syndrome. I kept saying, ‘One more year. I’m going to stash up my money a little bit more, and get my investments looking good,’” she says. “Finally, my 50th birthday was looking around the corner and I said, ‘I want to do this in my 40s.
On Dec. 6 — four days before her 50th birthday — Koski officially retired. She says it was the same age her father was when he died of colon cancer.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rosanna Davison says she balled her eyes out as she watched surrogate give birthMiss World 2003 Rosanna Davison choked up as she talked about the moment her daughter was born via surrogate
Read more »
Remembering Vietnam’s Tech Queen And What She Taught UsFrom serial software entrepreneurship to directing movies and producing reality shows, Thuy Thanh Truong was always a badass, even after she was diagnosed with terminal lung cancer at age thirty one. These are some of the most powerful lessons from her legacy.
Read more »
Woman finally receives family portrait she thought had been lost when shop suddenly shutteredLaurice Martin said after her daughter learned she had cancer, the two set upon getting their family together for a portrait. They succeeded but then the shop closed.
Read more »
Zoë Kravitz Had the Best Response to Someone Who Asked if She Got Lip Fillers.ZoeKravitz responded in the best way to a question about lip fillers.
Read more »
Gisele Bundchen Gets Asked Where She, Tom Brady Will Live This Year; Here Was Her ResponseWhere will Tom Brady and Gisele Bundchen be living later this year? Even Bundchen doesn't know. As you certainly do…
Read more »
Angelina Jolie Says She Can't Move Abroad With Her Kids Yet Because of Brad Pitt'[I] will do so as soon as my children are 18.'
Read more »