I spent 26 years with a Megacorp utility company that just went through a major restructuring. Surprisingly, my department which I was the head of ceased operations along with many others. I looked at all of my options and since I was planning on retiring in a few years, I decided to take a one year of pay severance package. My decision to RE was influenced by the logic of taking another position within the company and then going through the same thing in a year and by then not receiving a severance. (Especially since this benefit is likely to not be an option soon.)
I will retire with good retiree medical benefits, a monthly pension, a decent 401k and the only debt is our home. Our financial advisers, Firecalc and other retirement calculators indicate that we should be OK, but not rich and due to ER I will have to be more cognizant of our expenditures. That is where I have difficulties....
I have always hoped to RE but now that it's here, I have this paranoia of being constrained by a fixed income. In my w*rking career I envisioned my first day of retirement to be one of extreme relief from all of the corporate life pressures. But instead, it has been once of melancholy and uncertainty. Reading many of your posts some of you have experienced similar trauma for your ER. Also, at the present time, I truly want to embrace the aspect of not working!
I have plenty of hobbies, and a wife who wants to work for 10 more years. I know I will not get bored, but I need some advice on how to shake this emotional state that I'd not planned on experiencing. I had hoped that retirement would be filled with a grandiose tension release and complete relaxation from stress.... not so much for me yet. Any advice to combat this condition or reassurance that this is normal and will go away is greatly appreciated.
I will retire with good retiree medical benefits, a monthly pension, a decent 401k and the only debt is our home. Our financial advisers, Firecalc and other retirement calculators indicate that we should be OK, but not rich and due to ER I will have to be more cognizant of our expenditures. That is where I have difficulties....
I have always hoped to RE but now that it's here, I have this paranoia of being constrained by a fixed income. In my w*rking career I envisioned my first day of retirement to be one of extreme relief from all of the corporate life pressures. But instead, it has been once of melancholy and uncertainty. Reading many of your posts some of you have experienced similar trauma for your ER. Also, at the present time, I truly want to embrace the aspect of not working!
I have plenty of hobbies, and a wife who wants to work for 10 more years. I know I will not get bored, but I need some advice on how to shake this emotional state that I'd not planned on experiencing. I had hoped that retirement would be filled with a grandiose tension release and complete relaxation from stress.... not so much for me yet. Any advice to combat this condition or reassurance that this is normal and will go away is greatly appreciated.