UncleHoney
Full time employment: Posting here.
Today marks my first year in retirement!!!
Pulled the plug September 30, 2007 after 35 years in the salt mines and moved on to the fun of retirement.
It's been a busy year with many projects and things to keep me busy and out of DW's hair. Lots of house projects and woodworking projects going on. If I look a little bored for a few minutes, DW's pulls out her TO DO list to get me back on track.
Financially things are looking good so far, even with the market turmoil. The nest egg is in a nice CD ladder that is all FDIC insured, about 40/60 split taxable/tax deferred.
Monthly income is currently from my non-cola pension and DW's SS. All taxes, healthcare, and monthly expenses are paid from those. The nest egg continues to grow and I am reserving my SS for the future. Right now the nest egg is planned to be used only to offset the declining value of my non cola pension. According to FireCalc we're good to go for 30 years at 100% success rate with our current spending.
One thing I've found out about retirement is with all the extra time on my hands and interest in hobbies, spending can be above what you might have planned. Currently we are running between $800 and $1200 above projected expenses, but within our monthly income. My policy is, if it's in the check book, it's spending money. Just have to keep an eye on cash flow.
Pull the plug if you can, it's FUN.
Uncle Honey
Pulled the plug September 30, 2007 after 35 years in the salt mines and moved on to the fun of retirement.
It's been a busy year with many projects and things to keep me busy and out of DW's hair. Lots of house projects and woodworking projects going on. If I look a little bored for a few minutes, DW's pulls out her TO DO list to get me back on track.
Financially things are looking good so far, even with the market turmoil. The nest egg is in a nice CD ladder that is all FDIC insured, about 40/60 split taxable/tax deferred.
Monthly income is currently from my non-cola pension and DW's SS. All taxes, healthcare, and monthly expenses are paid from those. The nest egg continues to grow and I am reserving my SS for the future. Right now the nest egg is planned to be used only to offset the declining value of my non cola pension. According to FireCalc we're good to go for 30 years at 100% success rate with our current spending.
One thing I've found out about retirement is with all the extra time on my hands and interest in hobbies, spending can be above what you might have planned. Currently we are running between $800 and $1200 above projected expenses, but within our monthly income. My policy is, if it's in the check book, it's spending money. Just have to keep an eye on cash flow.
Pull the plug if you can, it's FUN.
Uncle Honey