GraySpirit
Dryer sheet wannabe
- Joined
- Jun 5, 2009
- Messages
- 16
I think the greatest thing that bothered me prior to retirement was, did I have enough of a retirement income. Too much of my thinking was focused on the income side of the equation which resulted in thinking ... hmmm one more year ... wait for another pay raise to boost the pension ... put a little more in my 403 ... etc. etc. etc.
After my incident, I realized that at that rate I would never retire, because I was always setting the bar higher for myself. Now I focus on the expense side of the equation - trying to figure out how to actually improve my standard of living after retirement and cutting costs.
Of course moving overseas isn't for everyone, but in another month I'll be overseas and I expect to have more discretionary income in retirement than I ever had in my nice management job - and that includes paying off the balance of some remaining debt I hold. And with just a handful of tradeoffs, I pretty much expect to have a higher standard of living as well.
My only suggestion is to really look at both sides of the equation - managing your wealth and managing your cost of living.
After my incident, I realized that at that rate I would never retire, because I was always setting the bar higher for myself. Now I focus on the expense side of the equation - trying to figure out how to actually improve my standard of living after retirement and cutting costs.
Of course moving overseas isn't for everyone, but in another month I'll be overseas and I expect to have more discretionary income in retirement than I ever had in my nice management job - and that includes paying off the balance of some remaining debt I hold. And with just a handful of tradeoffs, I pretty much expect to have a higher standard of living as well.
My only suggestion is to really look at both sides of the equation - managing your wealth and managing your cost of living.