daylatedollarshort
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Feb 19, 2013
- Messages
- 9,358
I'll chime in from a different viewpoint. Like most on here, I've been very frugal my whole life and had a hard time blowing that dough (RobbieB) thanks! But once we started getting our SS check (we took one at 64 and letting the other grow) I've been able to loosen up on being so fretty about spending. We had the savings, so no worries on meeting our expenses as we had no debt. But I seem to have a clear mental distinction between withdrawing our hard saved funds and that big ole SS check that comes each month. We do a happy dance every third Weds, its like free money and I check Robbie B's posts to see how I can blow it each month. We've got one SS growing, so that's insurance for us. But each month, every month, we get play money. It's mental freedom, just like having no debt.
We get 2 Social Security and 3 pension deposits each month and it always feels like happy dance, free money time. Those deposits (plus a little hobby income) more than cover all of our regular expenses, which leaves the portfolio for savings or fun money. There isn't a lot more we want or need for fun money but it sure is nice to know it is there.
We ran the numbers every which way and for us and our goals, taking both SS at 62 and pensions at 55 worked best.
Last edited: