calmloki
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
At that point it's Mr. Creosote - just one last wafer thin mint..
The trouble with assigning "Fat" to a spending amount is that we've learned here that a SWR of $200K in Iowa would be very, very fat but in Manhattan would be lean indeed.
It has been fun, but there's an empty feeling, too. I was so used to insisting on value for every dollar, and it surely does not feel as if we get 3X the value and enjoyment in return for spending 3X as much.
Always intrigued by folks getting by comfortably on $20-$40K.
We spend that on taxes alone!
I suppose that is the rub for most of us... we get used to a certain standard of living prior to RE and don't want to give up much if we don't have to.
I wouldn't mind a few discussions on the mechanics and mental fortitude required to manage a fat FIRE. I am targeting $150k but the numbers show that $75k is enough and $100k is plenty. I want the extra $50k / year for peace of mind, travel adventures, gifting, charities and who knows what else. Not much into material stuff at this point, so it comes down to experiences and philanthropy (focused on pet rescue).
Right now the data show that we have enough for $100k. I am working another 3 years to get to $150k. Why not just retire now? I ask myself that every day.
At 52, how's your health? Is it worth giving up 3 of your remaining years (with likely the best health you'll enjoy for the remainder of your life) for $ you don't need?I am working another 3 years to get to $150k. Why not just retire now? I ask myself that every day.
For me the retirement income is not the foremost reason we're delaying retirement, it's that we want to keep working while our child goes to college so that they can graduate without debt. Besides, even if I retired now or soon, I am not sure my partner would, so I would not enjoy it as much. I think once we're past paying for college (and maybe medical school!!), I can get them to ease up on work, and then maybe they'll find that they like it, especially if I can show them the results of the Fido RIP calculator.
You got to taste the good stuff Snowman!(14+23)/365=$103 per day on food would definitely make me Fat.
(14+23)/365=$103 per day on food would definitely make me Fat.
Due to my income this year and investment returns, I am fortunate to see my pot grow much more than expected ...