Safety Nets or Backup Plans During ER

[flipstress]

From another thread:

Quote:

Originally Posted by Want2retire But then, that's why I have multiple safety nets built into my financial approach to retirement.

want2retire, are you able to share what those safety nets are?

Do you mean lifestyle adjustments to reduce expenses? --Living in a less expensive area (including overseas), traveling less, buying less, downsizing the house, selling assets, etc.

I know one lifestyle adjustment is to increase income by working a llittle during ER although you've posted that you personally do not plan to do that.

Or do you mean more conservative assumptions so that you are trying to build a bigger nest egg and/or assuming a higher rate of inflation and/or assuming a lower investment return rate?

Or are you referring to investment styles like diversification, or holding more cash, bonds, fixed-income investments once you retire?

I'm also interested in other people's backup plans or safety nets.