Funny bit in Bloomberg today:
Just like RobbieB has been telling us all along.
Why You Should Be Spending More Money in 2018
Just like RobbieB has been telling us all along.
Blow that dough (It's official now)
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foxfirev5
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My biggest problem is that if you endured years of sacrifice to get this point of picking up on the W/D is pretty sad. WOW you missed out on your best years. If I had any advice to give it would be a balance of savings and spending. Of course my opinion is biased based on my own situation.
athena53
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I'm going to ignore them. Just as I'm going to ignore the "experts" who tell us to spend less next time the market takes a dive.
Live And Learn
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Over the past few weeks I've been concerned that I've been sort of "complacent" about the extra spending I've been doing. I'm still within overall budget, but some of the spending is "wasteful" in my LBYM mind.
Rather than spending more next year I am resolving to get back to my normal spending habits, which give me a comfortable life without waste.
Rather than spending more next year I am resolving to get back to my normal spending habits, which give me a comfortable life without waste.
Danmar
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Yes, I plan to spend more next year and this year too. Have liquidated funds to do so. The Canadian market hasn’t risen as much as the US but still double digits returns for me 5his year and about 25% last year. Pretty clear to me I am past the worst period of sequence of return risk.
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The article says "wealthy" retirees should learn to decumulate faster. Fair enough.
Those who aren't so wealthy probably should be more careful.
One thing I'll disagree about. The article stated "Boomers have defined benefit pension plans ". If they had written "some Boomers" it would have made more sense.
Those who aren't so wealthy probably should be more careful.
One thing I'll disagree about. The article stated "Boomers have defined benefit pension plans ". If they had written "some Boomers" it would have made more sense.
W2R
Moderator Emeritus
I keep trying to increase my WR (thus spending percentage), but my portfolio keeps growing so it hasn't gone up this year. What's a retiree gonna do? 
Oh, maybe I know! Buy a new SUV, that ought to do it.....
I'm doing my best
to singlehandedly prop up the US economy.
Oh, maybe I know! Buy a new SUV, that ought to do it.....
I'm doing my best
to singlehandedly prop up the US economy. 
gayl
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Trying to do my part but as foxfirev5 said it's hard after a lifetime of being frugal. But I'm learning. Started RE with a goal of putting aside $1375 month for travel / transferring to next generation. Wound up with 3 long trips paid in full (next one on February), handing out $$ tonight (last night of Hanukkah), only shifted 6k to investments, and savings up only 1k -- so close.
Like joeea I also wonder about the definition of 'wealthy.'
Agree with Athena53 -- markets go up & down -- ignoring market gurus is probably safest course
Happy Holidays Yall!
Like joeea I also wonder about the definition of 'wealthy.'
Agree with Athena53 -- markets go up & down -- ignoring market gurus is probably safest course
Happy Holidays Yall! 
Sunset
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I agree, as these same experts probably told people the same thing in 1928....
But wait... It's different this time!
W2R
Moderator Emeritus
Today I ordered one of those oh-so-tempting fancy salads, even though it cost twice as much as my usual cup of soup. It consisted of mixed greens, marinated artichokes, red onions, roasted cherry tomatoes, capers, walnuts, salami, and basil pesto vinaigrette dressing. I thought it had some feta cheese in it but apparently that was just my active imagination because it isn't supposed to have cheese.
Anyway it was huge, and probably wasn't one bit slenderizing but I thought it was delicious and sure filling. Brought half of it home. The cost and calories are why I hadn't ordered it before. I literally did justify it to myself by thinking of recent market gains.
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aja8888
Moderator Emeritus
Trust me, you are not alone.
+2
W2R
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We can do it, gang! Oh, the sacrifice.
Oh, the sacrifice. 
MRG
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The ole man told me the party continued well into '29.I agree, as these same experts probably told people the same thing in 1928....
MuirWannabe
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Today I ordered one of those oh-so-tempting fancy salads, even though it cost twice as much as my usual cup of soup. It consisted of mixed greens, marinated artichokes, red onions, roasted cherry tomatoes, capers, walnuts, salami, and basil pesto vinaigrette dressing. I thought it had some feta cheese in it but apparently that was just my active imagination because it isn't supposed to have cheese.
Anyway it was huge, and probably wasn't one bit slenderizing but I thought it was delicious and sure filling. Brought half of it home. The cost and calories are why I hadn't ordered it before. I literally did justify it to myself by thinking of recent market gains.
Really? A salad? Slow down girl! You’re blowing that dough like a maniac. [emoji4]
W2R
Moderator Emeritus
It was delicious, and not cheap like a little side salad - - with tax and tip it was $11-$12, blow that dough!
W2R
Moderator Emeritus
But Wellesley dividends showed up, so today the total of my investments plus bank accounts was higher than it has ever been in my life.
Plus, it is hard to get upset about the Dow being down to 24,755. Simply amazing!
aja8888
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MRG
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W2R
Moderator Emeritus
Yes!
DILLEY DILLEY!!
Yes!!! I had to google it to find out what that meant, but now that I know, dilley dilley for sure. Pretty cool, huh.
With this market, sometimes I wonder if I am dreaming, hallucinating, or what. But whatever it is, I'll take it.
OP
OP
I'm doing my best, but it's not easy. The last two years saw the largest expenditures on travel ever, and next year will be in the same league. I'm also going to buy the most expensive new car I've ever owned, so that's part of it too. Still won't hit the 4% WR though.
W2R
Moderator Emeritus
Good work, though! We, members of the Early Retirement Forum High Spenders Club will struggle to keep the economy propped up if it kills us.
