Hi Rkser.
I am a 62 yrs old physician on the verge of retirement. I have more on the liquid asset and retirement fund. I also have a daughter that got married. I also sent her to college(2 degrees), before finding gainful employment.
From this age till 65.5 I have to fund my health insurance thru BLue S and C, and pay for our long term insurance. This is a big expense for us.
In the last few years, we have been trying to "downsize" on everything. We discover, we really don't need all these crap to be happy, and have been trying to emphasize in doing more(experiencing life), rather than buying stuff.
Although I'm healthy and working full time, we figure we can reduce our yearly expense to about 80K +SSS. In a good year when the market is up, we can spend more. We'll downsize in house, and will keep the 3 vehicles until they are very old. I'll focus on some hobbies, and some travel.
I plan on daily vigorous exercises, and afternoons reading and monitoring our investments.
Good luck to you.
I am a 62 yrs old physician on the verge of retirement. I have more on the liquid asset and retirement fund. I also have a daughter that got married. I also sent her to college(2 degrees), before finding gainful employment.
From this age till 65.5 I have to fund my health insurance thru BLue S and C, and pay for our long term insurance. This is a big expense for us.
In the last few years, we have been trying to "downsize" on everything. We discover, we really don't need all these crap to be happy, and have been trying to emphasize in doing more(experiencing life), rather than buying stuff.
Although I'm healthy and working full time, we figure we can reduce our yearly expense to about 80K +SSS. In a good year when the market is up, we can spend more. We'll downsize in house, and will keep the 3 vehicles until they are very old. I'll focus on some hobbies, and some travel.
I plan on daily vigorous exercises, and afternoons reading and monitoring our investments.
Good luck to you.