BOSTON ( TheStreet) -- Much is made these days of the large number of baby boomers realizing they need to work well past their planned retirement date. Despite the trend, and ongoing economic threats, there are still those who do the opposite and choose early retirement. "I want to go ice skating in Rome." That was the very specific -- and unexpected -- goal a client presented to Jonathan Satovsky, chairman and CEO of Manhattan-based Satovsky Asset Management.
Whether to pursue their own goals or because a company is trimming its work force, there are still people retiring early.
The woman, an accountant for a private equity firm, had a successful career, but was miserable. "We mapped out a plan for what it was really going to cost for her to live this kind of life, and she did it," Satovsky says. "By age 45 she left her job and has been living six months of the year in the United States and six months in Rome. She has never been happier." "I want to stress that she is not, by any means, uber wealthy," he adds. "Many of her peers would say she is insane because she walked away from an opportunity to make a lot more money year-to-year and from whatever other perks would have come from any liquid event for the company. She walked away from a lot of potential. Not to say that her assets haven't been impacted by the chaos of the world, but we've built in a budget and a set of circumstances that give her peace of mind." Though not common, several clients have similarly left the rat race in recent years, Satovsky says, including a well-placed executive at a major investment bank who waved goodbye and joined the Peace Corps for two years.