I'm retiring at the end of 2007. My wife and I are on the countdown and trying to prepare. We are getting dental work done, eye exams etc. We are buying things we think we will need in retirement.
I guess my concern is my first year in retirement. In my case, the first year will be more expensive than the rest. We have to sell a house and relocate to a house that is paid for but needs remodeling so we have those expenses plus we plan on buying a new boat next spring to use in retirement.
We have most of the money for the expenses outside of our retirement funding but will still need a little from our retirement money.
So, I'm wondering if most folks entering retirement found the first year, the transition year, more expensive than the following years.
I guess my concern is my first year in retirement. In my case, the first year will be more expensive than the rest. We have to sell a house and relocate to a house that is paid for but needs remodeling so we have those expenses plus we plan on buying a new boat next spring to use in retirement.
We have most of the money for the expenses outside of our retirement funding but will still need a little from our retirement money.
So, I'm wondering if most folks entering retirement found the first year, the transition year, more expensive than the following years.