packrat44
Thinks s/he gets paid by the post
I plan to live to 100. That's my plan and I am sticking to it. So far the plan is working well. My wife intends to live to 105. My parents are in their 90s and my in-laws are in their late 80s and they are still living independently at home. Presently we are 62 and 54. I retired from my civilian federal job when I turned 62. I also retired from the Coast Guard reserve at 60. Had 2 tours of active duty from 1966 to 1974, went into the reserves and was called back to active duty for 9/11. My wife retires at the end of this week from 32 years as a registered nurse. We went through many very lean years in the beginning which taught us to be very frugal (cheap) and not take on debt. We have maxed our IRAs, TSP, and 403(b) along with other taxable investments whereby we now have about 2M. My military and civilian pensions are about 35K/yr which is equal to our basic yearly expenses (no fun money). I plan to wait to draw SS at 70, my wife at 62. Since I expect her to outlive me, she could draw my higher allotment upon my death. If SS is still around in it's present form, our combined SS would amount to an additional 40K/yr. My problem may sound strange, but I need help in learning how to spend for fun and enjoyment while still ensuring that my wife and I will not be concerned about outliving our money.