Join Early Retirement Today
Reply
 
Thread Tools Display Modes
1 year anniversary
Old 06-10-2021, 04:27 PM   #1
Recycles dryer sheets
 
Join Date: Feb 2019
Posts: 384
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.
Dalmore is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 06-10-2021, 04:45 PM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,266
Quote:
Originally Posted by Dalmore View Post
...Then our Plasma TV died and we had to buy a new OLED TV. ...

They only make OLED TVs these days?... news to me...
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.

Retired Jan 2012 at age 56
pb4uski is offline   Reply With Quote
Old 06-11-2021, 10:16 PM   #3
Thinks s/he gets paid by the post
 
Join Date: Oct 2007
Location: Willamette Valley, Oregon
Posts: 1,979
Quote:
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!
__________________
Dreams Worth Dreaming are Dreams Worth Planning For. I Spent a Career Planning for Early Retirement.
RetireeRobert is offline   Reply With Quote
Old 06-11-2021, 10:21 PM   #4
Full time employment: Posting here.
Lawrencewendall's Avatar
 
Join Date: Feb 2017
Location: Severn
Posts: 947
Congrats! 4 days ago was my second year Anniversary. NO REGRETS!
Lawrencewendall is online now   Reply With Quote
Old 06-11-2021, 10:28 PM   #5
Thinks s/he gets paid by the post
 
Join Date: Oct 2007
Location: Willamette Valley, Oregon
Posts: 1,979
Quote:
Originally Posted by Lawrencewendall View Post
Congrats! 4 days ago was my second year Anniversary. NO REGRETS!
2nd anniversary congratulations to you too!!
__________________
Dreams Worth Dreaming are Dreams Worth Planning For. I Spent a Career Planning for Early Retirement.
RetireeRobert is offline   Reply With Quote
Old 06-12-2021, 04:32 AM   #6
Thinks s/he gets paid by the post
DrRoy's Avatar
 
Join Date: Dec 2015
Location: Michigan
Posts: 4,964
Quote:
Originally Posted by Dalmore View Post
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?
__________________
"The mountains are calling, and I must go." John Muir
DrRoy is offline   Reply With Quote
Old 06-13-2021, 12:13 PM   #7
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Apr 2015
Posts: 5,803
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.
__________________
Give a Man a fish, he will eat for a day.
Teach a Man to fish, he will eat for a lifetime.
pacergal is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
4 year FIRE anniversary today! veremchuka Other topics 12 08-05-2011 06:40 AM
2 year anniversary today veremchuka FIRE Related Public Policy 2 02-21-2011 08:23 AM
3 year ER Anniversary! Purron Life after FIRE 10 01-05-2011 08:09 AM
57 year old celebrating first anniversary yakman Hi, I am... 19 12-29-2009 07:38 AM
1 year FIRE anniversary astromeria Life after FIRE 4 08-14-2006 09:48 PM

» Quick Links

 
All times are GMT -6. The time now is 07:28 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.