gayl
Thinks s/he gets paid by the post
1st of all, I'm being serious
Amethyst pointed out something that I had not been thinking about. When is it that we make that mental shift from being savers to spenders? In my particular case I needed to come up with only about $1500 (deposited 1k to his checking & $500 to his Visa). I could easily do that out of one of my two checking accounts but then I'd want to put the money back. I retired early at 50 a little over a decade ago to part-time work. Now I've retired for good. When I eventually hit RMD and SSA in a few years my income will more than double. So why is it that I have such a hard time just spending the money? Each one of my kids will inherit a sizable sum as will my grandkids so they're fine
Does anyone know a formula for spending out of an IRA before you hit RMD? Do you just use the RMD calculator but your current date of birth?
And how did you make that bridge from saver to spender?
Amethyst pointed out something that I had not been thinking about. When is it that we make that mental shift from being savers to spenders? In my particular case I needed to come up with only about $1500 (deposited 1k to his checking & $500 to his Visa). I could easily do that out of one of my two checking accounts but then I'd want to put the money back. I retired early at 50 a little over a decade ago to part-time work. Now I've retired for good. When I eventually hit RMD and SSA in a few years my income will more than double. So why is it that I have such a hard time just spending the money? Each one of my kids will inherit a sizable sum as will my grandkids so they're fine
Does anyone know a formula for spending out of an IRA before you hit RMD? Do you just use the RMD calculator but your current date of birth?
And how did you make that bridge from saver to spender?
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