Sandtrap wrote: ↑Thu Oct 26, 2017 9:40 amThanks for sharing, "Sheepdog"Sheepdog wrote: ↑Thu Oct 26, 2017 9:30 amThis conversation may really be of value for some. Interesting that there is a discussion. At retirement I worried about what would happen if we spent down our assets too early. As an 84 year old married to a 77 year young lady some of your comments fit us.
We have not changed our spending habits....still careful where and how much we spend on things, but we don't hold back. Frugal sometimes, but that is our nature. The only thing missing today are long flights because it is painful sometimes for my spouse, but not because of money. We did all we wanted to do. We hit retirement 19 years ago with $640,000 for us to live on along with SS. My wife decided that we will not move away from this low cost of living town. Dadgummit, I wanted to be a snowbird!!!! We have over 50% more today and it is growing; and half of that time we were and are still invested with only 22 to 23% stocks. We keep up a nice home and property. We never hire anyone to do anything maintenance wise. except re roofing and rare major kitchen and bath remodeling, not because we are cheap, but because we never have. I like to do those things including painting, landscaping and snow removal, so I don't want to give them up. Even though I started worrying about running out of money, that worry has been gone, at least after 2009 . We spend a good amount at nice restaurants, professional football, concerts and theater virtually every week. Our last big vacation was 2 years ago on a luxury 2 week cruise in the Western Caribbean, but that will probably be our last one because it is difficult for my spouse's mobility. We still do and will domestically. (I drove over 1500 miles two weeks ago for fall color viewing in Wisconsin, for example.) We are giving away a lot more to charities. Our 2 sons won't take anything, they really won't.
When this retirement journey started I was very worried that I may not be able to manage our money. Of course, I worried about "spending down". Thank you Diehards and Bogleheads, we did it. There is a good possibility that our home and other physical assets plus investments will be given to worthy causes. (And our sons will get some whether they want it or not. )
I will admit that I watch our account balances every day and I never guessed that spending and giving away all we wanted to there was a possibility of having increased assets after these many years.
I leave the worrying to those of you yet to start your journey
Just keep shining that light so I can see the path to follow. . . . .
Sorta like the octagenarians I see at the gym and I think to myself, "That's the way I want to be if I live that long." Same goes with Sheepdog and his story! Thank you (from a septuagenarian.)