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Old 04-22-2015, 04:35 AM   #61
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I'll introduce you to my DW. She'll fix your spending problem in about 3 1/2 minutes.
no kidding . they stole my dw's credit card. i am not even reporting it. the bills have been less.
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Old 04-22-2015, 06:36 AM   #62
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Your kidding right? Sure travel but how about leaving an inheritance? My goal has always been to build a pile live off the earnings and pass the pile so when the kids can do likewise...

And no we don't deny ourselves...


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Old 04-22-2015, 08:09 AM   #63
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DH and I would have been in a similar situation-defined cola'd pensions equal to and actually greater than previous salary (once my SS comes on line at 70). However we could see this coming ahead of retirement and while we plan to leave a healthy inheritance we did want to spend some of our hard earned savings. Sooooo-we increased our lifestyle, gradually, to the point that we anticipate spend in excess of our pensions to the tune of a SWR of around 2 percent give or take. The increased expenditures are in a variety of categories, from pleasurable activities such as travel and entertainment, to charitable giving, monetary gifts to our children and the hiring of outside help to do groundswork, housecleaning and general home maintenance. This last category is an area that we would most likely gradually need to hand off anyway, so we have done it early. We also purchased long term care, (not a small sum) and a second to die policy that builds wealth to help cover estate taxes or if not required, adds to our estate. Once we have grandchildren(God willing) that will open up a whole new category for potential gifting for college funds.

In other words we inflated our lifestyle in numerous ways to enjoy the rewards of our LBYM lifestyle. I suggest you start gradually and you will become comfortable as time passes.
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Old 04-22-2015, 08:45 AM   #64
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A big enough boat is guaranteed to burn up any extraneous retirement funds.

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Old 04-22-2015, 09:30 AM   #65
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A big enough boat hole in the water you throw money into is guaranteed to burn up any extraneous retirement funds.
fixed it for you
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Old 04-22-2015, 09:33 AM   #66
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A big enough boat is guaranteed to burn up any extraneous retirement funds.

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That's just not true! I'm very willing to sell you mine so that you can see firsthand how inexpensive a big boat is to own. (no returns, sorry)

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Old 04-22-2015, 09:38 AM   #67
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Based on the "Where to Retire" thread, just move to CA and all your excess money issues will be solved
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Old 04-22-2015, 10:19 AM   #68
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Didn't read all the other replies so sorry if this is already suggested...

How about funding future grandkids college? Even if they aren't here yet. My parents are in a similar situation as you and they contribute A LOT of money to various charities. Which is completely fine and it is their money to do as they please. But sometimes when my mom talks about how my brother's kids are saddled with so much debt for their college degrees and struggling to get it paid down and save for a first home, etc. I think maybe charity does begin at home.
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Old 04-22-2015, 10:47 AM   #69
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First World Problems...
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Old 04-22-2015, 03:33 PM   #70
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Hookers 'n blow.
I second the motion.
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Old 04-22-2015, 03:38 PM   #71
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I don't think you are afraid. It may not be your thing. You didn't get where you are by being foolish. I am the same way. I could spend because I could, but I am not like that. I will not retire until I know I can pull 20k a month out at a 2.8 percent return and the money will last for 40 years. Almost there. What will I do if I have that much, be tight with it. It may be in our DNA. I could think of worse things. Your money, your options . Have fun
Are you me :-)? This is almost my exact plan, we only differ by a couple of percentage points on the numbers.
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