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1 year anniversary
Old 06-10-2021, 04:27 PM   #1
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1 year anniversary

Tomorrow is my 1 year anniversary of retirement. I picked a stellar year to do it! Fortunately I have a hobby that keeps me very busy and engaged. DW retired at the end of October and we are looking forward to things finally opening up and allowing us to go explore.

Making the shift from employed, and saving money to unemployed and no long saving, wasn't as hard as I thought it would be. For the first 6 months after DW retired, we were doing great living on just her pension. I've been watching our finances and thinking "This is great! We are living just fine on her pension and don't have to touch our savings." This retirement transition is a piece of cake! The last two months our spending has kicked up. Prior to this DW was given a nice package from the city she worked for that covered our health insurance for the first 6 months. Now we have to pay that bill and it is tipping us past her pension income. Then our Plasma TV died and we had to buy a new OLED TV. On top of that we prepaid for some events that are coming up later this year.

I've got to head to the well and pull out some savings to cover all the expense. Gak! I like watching it grow. I don't want to take money out. This transition suddenly got really hard! It isn't that we can't afford it. When I decided to retire, we budgeted a 2.5% WR, and right now that same amount is more like 1.9%...It is just that mental hurdle of going from saving to spending that is really tripping me up. In the back of my mind, I can hear my Mom yelling at my Dad "Stop being such a tightwad!" I guess that helps a little bit.
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Old 06-10-2021, 04:45 PM   #2
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...Then our Plasma TV died and we had to buy a new OLED TV. ...

They only make OLED TVs these days?... news to me...
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Old 06-11-2021, 10:16 PM   #3
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Originally Posted by Dalmore View Post
Tomorrow is my 1 year anniversary of retirement.
..............

This transition suddenly got really hard! It isn't that we can't afford it. When I decided to retire, we budgeted a 2.5% WR, and right now that same amount is more like 1.9%...It is just that mental hurdle of going from saving to spending that is really tripping me up.
Congratulations on your dual retirements!

Just remember, that any withdrawal rate under about 3.5% is very conservative and comes with very high predicted success rates for lasting over your lifetimes. At actual W/D rate of 1.9%, you should be more than fine.

Make the mental adjustment and enjoy your freedom.

Don't worry! Be happy!
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Old 06-11-2021, 10:21 PM   #4
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Congrats! 4 days ago was my second year Anniversary. NO REGRETS!
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Old 06-11-2021, 10:28 PM   #5
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Congrats! 4 days ago was my second year Anniversary. NO REGRETS!
2nd anniversary congratulations to you too!!
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Old 06-12-2021, 04:32 AM   #6
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Our Plasma TV died and we had to buy a new OLED TV.
+1. Went from 55" to 65" too.

Quote:
That mental hurdle of going from saving to spending that is really tripping me up.
Blow that dough. What else is it for?
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Old 06-13-2021, 12:13 PM   #7
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Congratulations on your 1 year retirement anniversary! As per my byline, which I got from someone here on the forum (thank you whoever you are!):
You are no longer in a savings mode, you are now in a slow spend down mode.

It's always a good reminder for me.
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You are no longer in a savings mode.
You are now in a slow spend down mode.
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