Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Old 03-04-2011, 08:48 AM   #21
Moderator Emeritus
Bestwifeever's Avatar
Join Date: Sep 2007
Posts: 15,369
Your husband should be proud of the planning you've done (I'm sure he is). He sounds like he would find something to worry about no matter what so I would say take his concerns out of the equation as you've probably addressed them in your planning already (e.g., debtfree, no mortgage, having $64K available without even touching savings, but living very comfortably on $35K --that should accommodate inflation for a while). It sounds like you have a wonderful life that you enjoy together--congrats!

Go Cubs
Bestwifeever is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 03-04-2011, 08:57 AM   #22
Thinks s/he gets paid by the post
Rustic23's Avatar
Join Date: Dec 2005
Location: Lake Livingston, Tx
Posts: 3,425
Ziggy +1

It's time to step back and enjoy life.

If it is after 5:00 when I post I reserve the right to disavow anything I posted.
Rustic23 is offline   Reply With Quote
Old 03-04-2011, 10:22 AM   #23
Thinks s/he gets paid by the post
Ally's Avatar
Join Date: Feb 2011
Posts: 1,125
Thanks for all the input. I think in some ways my husband has some valid reasons for concern, and I hear that. He is actually eligible for full retirement already, but has decided to work until 63 for a higher pension. I was going to probably work that long anyway, too. Both our jobs are very high stress, so if it hadn't been for losing some steam during the recent stock market problems, we might have retired even earlier.

How much of the pension is indexed? I'm not totally sure what you mean, but if it's something like COLA, this is a state of TX pension and occasionally the Legislature raises it, but not often. For the past few years, they have issued an additional payment once a year. However, this year, I don't see that happening. Luckily, our area's economy has been very stable in general. Houses still sell at the same prices or more, maybe a bit slower. Unemployment is under 5%. Since they don't often raise the pension payments, that is why my husband is choosing to work longer to get the higher payment. And that is why I was planning to keep contributing to savings. When we start withdrawing some at age 70, then it should help with increased costs at that time. For dire situations, we could sell our house and live at our daughter's in the suite they built for us.

I think y'all are right - I have to take the pessimism with a grain of salt. But then he's great in so many ways. He loves my children (his stepchildren) and raised them like his own. He is wonderful with the grandchildren and they love to go in his pickup with him to the recycling center, the dog shelter where he volunteers, walking our dogs, etc. We have good friends together, he's hilariously funny and witty, and we like to do alot together, except he doesn't like traveling much, so I go with friends/family. Seeing him with my (our) children and grandchildren makes me love him even more, if you know what I mean. So the doom and gloom, I can live with occasionally.
Ally is offline   Reply With Quote
Old 03-04-2011, 12:46 PM   #24
MichaelB's Avatar
Join Date: Jan 2008
Location: On the road again
Posts: 21,160
Ally, sorry for the confusion. Yes, I meant COLA.

I think a spouse's objections or fears need to be addressed in a positive manner, and this is especially important when retiring early. Translating broad fears about the future into specific financial risks helps. By focusing away from the fear and toward the consequence you think about outcomes, which enable one to plan for those eventualities and take measures to offset the risks.

There could be an exposure in Ally's situation because the pension income is not indexed to inflation, and one decade of high inflation followed by another of average would jeopardize the standard of living.

A way to deal with the objections and the risk (which is not unreasonable IMHO) would be to invest part of the savings in instruments that are effective dealing with inflation. For example, TIPS, commodity based equities, or both. Even some broad based equities. Given that most of the income is pension, this is not risky at all - in fact, quite the opposite. It protects the portfolio and also addresses the key fear.
MichaelB is online now   Reply With Quote
Old 03-04-2011, 01:58 PM   #25
gone traveling
Join Date: May 2008
Posts: 3,864
Buy him a pallet of beans and a case of bullets for his retirement present, and let 'er rip. You're already there; unfortunately, it sounds like he may never be...
Good luck, and keep us posted.
Westernskies is offline   Reply With Quote
Old 03-04-2011, 04:46 PM   #26
Thinks s/he gets paid by the post
Ally's Avatar
Join Date: Feb 2011
Posts: 1,125
Thanks for the ideas. Westernskies, I just inherited a bunch of guns from my parents and my husband is very happy. Michael, I try to keep a good percentage of our 403 B in equity indexed and other equity funds. My tolerance for risk probably isn't what it used to be, but I still do it anyway for the reasons you said. Thus is a very interesting forum- thank you!
Ally is offline   Reply With Quote
Old 03-07-2011, 10:51 PM   #27
Recycles dryer sheets
Join Date: Feb 2011
Posts: 191
I think you're already there too.

As for your husband's pessimism, I would treat his concern with the respect he would like. But then counter with the concern that life is short - you don't know how much time you have on this earth, and you don't want to find out too late that you worked too long when you could have been relaxing. (And if you are in a stressful job, stress doesn't help your health.)

Why not compromise? You retire early, and let him work a little longer!
PaddyMac is offline   Reply With Quote
Old 03-08-2011, 01:19 PM   #28
Full time employment: Posting here.
Join Date: Dec 2010
Posts: 746
Originally Posted by Westernskies View Post
Buy him a pallet of beans and a case of bullets. ......
+1. Heh.

East Texas is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Approaching a Milestone..... scrabbler1 FIRE and Money 69 04-11-2013 04:49 PM
Are we approaching the threshold of a bull? Radiophilejapan FIRE and Money 63 07-08-2009 11:24 AM
Nervous, just plain nervous limpid lizard FIRE and Money 48 11-13-2007 08:18 AM
D- (Decision) day is approaching REDreaming FIRE and Money 6 01-09-2007 07:58 PM
Can a housewife claim that she is retired by making her husband a houseman? Chan Hi, I am... 3 05-05-2006 01:56 AM


All times are GMT -6. The time now is 09:13 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.