I posted a question earlier that I removed when I realized it was dopey. It was based on a reluctance of mine to think about harvesting income from my stash. I mean, I groom my stash, feed my stash, think glowingly about my stash but it is hard to think about taking funds from my stash without feeling that I am making a dangerous mistake. It's an "all or nothing" trap where I can't envision making use of my money without the fear of depleting it.
In 2010, my hub and I will retire early. We wiil need to withdraw $25,000 from our savings for about 4 years (we'll have other sources of income, including my part-time job). We should be able to glean that from the recommended 4% SWR from our investments, barring sustained market downturns. Beyond that, we have pensions and a small income from a farm sale that should cover our retirement goal of 60K per annum income (pensions are cola'd). So anything further withdrawn from the stash is "mad money." Or perhaps back-up in case our pensions go bust.
I think the term I am searching for is "miser." Am I becoming one? I think I just need to put money matters on autopilot and take a long break from thinking about it!
In 2010, my hub and I will retire early. We wiil need to withdraw $25,000 from our savings for about 4 years (we'll have other sources of income, including my part-time job). We should be able to glean that from the recommended 4% SWR from our investments, barring sustained market downturns. Beyond that, we have pensions and a small income from a farm sale that should cover our retirement goal of 60K per annum income (pensions are cola'd). So anything further withdrawn from the stash is "mad money." Or perhaps back-up in case our pensions go bust.
I think the term I am searching for is "miser." Am I becoming one? I think I just need to put money matters on autopilot and take a long break from thinking about it!