Congrats! I am projected to be in same boat in 20 years as you as far as pension and Social security coving annual expenses. If my projection is correct, I will not need to touch my 401k and savings account.
Does that mean I am over saving? Should I allow myself to spend more now?
Did you...
I am still working (by choice) but will turn up my spending in my 40s since I am already FI. Based on my forecast, I will have this problem when I am RE.
I rather create fun memories while my kids are young and my wife/I are able body.
Good question…I worked very hard in my 20s and early 30s to quickly move up. I then purposely scaled down my hours in my late 30s while still getting paid very well. Great work life balance and no commute. I enjoy my job and can pad my numbers with no stress. I feel like I am on cruise...
I talk down my career in social settings when others are bragging about their accomplishments. Folks think I am a low level rank and file worker just passing by in life based on my cheap mannerism and old clothing. I guess I may have misled folks by misrepresenting my career…my profession...
In my case, I lived very frugally for 20 years (on purpose) and have lived more lavishly recently (on purpose). This is my 30 year FIRE plan that I am executing that I have not told people about.
To folks that known me over this period, it seems like a complete 180 degrees opposite of what...
I live in a very HCOL area where both spouses have to work full time in order to pay for housing expenses. My wife is part time since we don't need her money and she could spend more time with kids. Everyone is looking at us like aliens!