jollystomper
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Apr 16, 2012
- Messages
- 6,196
This might repeat what a few other have said. tow key things I did in the 4-6 years before retirement:
1) Spend money on major, likely one--time home renovations. For us it was better to do this with current income, as our savings rate was hitting 40%. We did things like new roof, new drive, bathroom renovations, etc. Those items we likely will not have to spend money on again. We probably could have done new appliances even though most were about 5 years old when I retired, but we figured we would still have to replace them in 10-15 years so we just added that to our retirement budget.
2) Built up our desired cash stash to have 3-5 years of withdrawals as to not to be forced to sell equities to get cash. This has served us well in the last 3.5 years.
1) Spend money on major, likely one--time home renovations. For us it was better to do this with current income, as our savings rate was hitting 40%. We did things like new roof, new drive, bathroom renovations, etc. Those items we likely will not have to spend money on again. We probably could have done new appliances even though most were about 5 years old when I retired, but we figured we would still have to replace them in 10-15 years so we just added that to our retirement budget.
2) Built up our desired cash stash to have 3-5 years of withdrawals as to not to be forced to sell equities to get cash. This has served us well in the last 3.5 years.