averagebum
Dryer sheet wannabe
Hi everyone. Finally retired at 64 going on 65 in December. Thank you to all the board members who gave me the encouragement to my previous posts. I must agree: it is glorious on this side! I love the leisurely pace of life. Still working part time but work I can manage from home and in 2 to 3 hours a day max. No more meetings and no more need to deal with characters without much character--some vomit inducing. If it sounds harsh, so be it; I am merely being honest. I am in a position now to tell the rest of the world to piss off if I wish.
I must say though the psychology of going from saving and investing to spending takes some getting used to. I am sitting on 4.1 million portfolio, generating $104,000 in dividends a year, but I find myself reluctant to spend down any of it. So far I am planning to spend only about 40,000 a year to supplement my pension and part-time work. I won't be drawing on social security till I hit 66 so my part time work doesn't impact the amount I receive from social security. I have no dependents. How am I going to spend all this money? So why am I so reluctant to spend almost any of it?
Thank you again for all the encouragement I have received from this board.
I must say though the psychology of going from saving and investing to spending takes some getting used to. I am sitting on 4.1 million portfolio, generating $104,000 in dividends a year, but I find myself reluctant to spend down any of it. So far I am planning to spend only about 40,000 a year to supplement my pension and part-time work. I won't be drawing on social security till I hit 66 so my part time work doesn't impact the amount I receive from social security. I have no dependents. How am I going to spend all this money? So why am I so reluctant to spend almost any of it?
Thank you again for all the encouragement I have received from this board.