Hey Folks, New member. Happy to meet you all. Not really a question. More of an introduction.
Newly retired. Actually, it's been a few months now, I'm still have trouble saying that 'r' word. Fwiw, my retirement date was picked for me (laid-off at 59.4 y. o.). I guess that'd be considered early.
My story: In pretty good shape financially. House paid for, no debt and lived below my means most of my life, in relatively good health. Was planning to work until 62; to finance some updates to the house and maybe a new(er) car. So much for planning!
Not really looking to go back to work again, but, if a terrific job in a perfect location came up, I'd still grab for it. Worked in tech; software engineer. Recruiters still call and if it's nearby I interview, but, tech companies seem age-adverse these days.
Consolidated a couple small pension accounts with my employer-based 401k's to the company where I've had my (taxed) savings and brokerage accounts. Just so it's all in one place; easier for me to manage. Ran the financial tool and got 100%. At a conservative 3% draw-down rate I can meet my needs (but, maybe not my wants). While the balance looks like a big number, the finality of that number still frightens me. e.g., That's it. That's all I got. And there's no time to get any more.
In my 30's, thought of a retirement with images of traveling, hobbies and exploring new interests. However, now that I'm here and have lots of free time, I'm seemingly frozen with concern I'll outliving my savings. How did do you get past this?
So far I've painted a couple rooms in my house, cleaned out the basement and almost got to the bottom of my 'honey do' list. Looking for something new.
It's getting warmer up here, almost time to take the old cars out of storage. They're always a lot of fun.
Mike
Newly retired. Actually, it's been a few months now, I'm still have trouble saying that 'r' word. Fwiw, my retirement date was picked for me (laid-off at 59.4 y. o.). I guess that'd be considered early.
My story: In pretty good shape financially. House paid for, no debt and lived below my means most of my life, in relatively good health. Was planning to work until 62; to finance some updates to the house and maybe a new(er) car. So much for planning!
Not really looking to go back to work again, but, if a terrific job in a perfect location came up, I'd still grab for it. Worked in tech; software engineer. Recruiters still call and if it's nearby I interview, but, tech companies seem age-adverse these days.
Consolidated a couple small pension accounts with my employer-based 401k's to the company where I've had my (taxed) savings and brokerage accounts. Just so it's all in one place; easier for me to manage. Ran the financial tool and got 100%. At a conservative 3% draw-down rate I can meet my needs (but, maybe not my wants). While the balance looks like a big number, the finality of that number still frightens me. e.g., That's it. That's all I got. And there's no time to get any more.
In my 30's, thought of a retirement with images of traveling, hobbies and exploring new interests. However, now that I'm here and have lots of free time, I'm seemingly frozen with concern I'll outliving my savings. How did do you get past this?
So far I've painted a couple rooms in my house, cleaned out the basement and almost got to the bottom of my 'honey do' list. Looking for something new.
It's getting warmer up here, almost time to take the old cars out of storage. They're always a lot of fun.
Mike