I am retired and my wife has part time / hobby job which is pretty recession proof. She is 5 yrs younger, and her social security is significantly less than mine, so we started hers. between those 2-income sources and our money market funds and our HYSAs we have plenty to carry us until I file for social security at 70 next March. Even after that we will have enough income to cover comfortable / necessary living expenses and a little more. We won't have to draw from our equities except for dire emergencies and splurge money.
After talking with our advisor, we moved the most volatile investments to cash equivalents down to a just under a 50/50 split. We also moved some investments from US to emerging markets concentrating on more stable sectors both domestic and foreign. last Monday I sold off even more and moved them to cash equivalents.
We are sticking with our annual traditional trips and most activity and mildly spoiling the grandkids and great grandkids.
A couple of more extravagant trips and purchases we were planning are on temporary hold but ready to pull the trigger should things turn around.
Other than that, we are just settling in for the ride and looking for opportunities to buy back in at bargain prices with our cash equivalent nest egg we have built up when things settle or turn back around.
I turn 69 in a few weeks and retired last May. Things are pretty much as I expected. I belong to an duffers exec golf course and i walk 18 holes when the weather is nice to and belong to a rex center so I can walk inside when the weather is bad, Next goal is to learn pickleball. I also take online courses some.
I also have the issue of converting from saving to spending mode no matter how much my advisor tries to convince me it is okay, and I need to so as to prepare for RMD's and keep taxes lower in the future.
The one thing different is I thought we would travel more. We have 10 grandkids around the country, and I Love train trips.
My wife does not want to retire yet because she has no hobbies although she only works 20 - 25 hours a week. She just fears becoming too sedentary and going downhill. I am working on convincing her that she could volunteer at a pet rescue part Ime since that is her passion and between that and travelling, she will be fine.
Comments
I am retired and my wife has part time / hobby job which is pretty recession proof. She is 5 yrs younger, and her social security is significantly less than mine, so we started hers. between those 2-income sources and our money market funds and our HYSAs we have plenty to carry us until I file for social security at 70 next March. Even after that we will have enough income to cover comfortable / necessary living expenses and a little more. We won't have to draw from our equities except for dire emergencies and splurge money. After talking with our advisor, we moved the most volatile investments to cash equivalents down to a just under a 50/50 split. We also moved some investments from US to emerging markets concentrating on more stable sectors both domestic and foreign. last Monday I sold off even more and moved them to cash equivalents. We are sticking with our annual traditional trips and most activity and mildly spoiling the grandkids and great grandkids. A couple of more extravagant trips and purchases we were planning are on temporary hold but ready to pull the trigger should things turn around. Other than that, we are just settling in for the ride and looking for opportunities to buy back in at bargain prices with our cash equivalent nest egg we have built up when things settle or turn back around.
Post: Tariffs and our retirement assets
Link to comment from April 5, 2025
I turn 69 in a few weeks and retired last May. Things are pretty much as I expected. I belong to an duffers exec golf course and i walk 18 holes when the weather is nice to and belong to a rex center so I can walk inside when the weather is bad, Next goal is to learn pickleball. I also take online courses some. I also have the issue of converting from saving to spending mode no matter how much my advisor tries to convince me it is okay, and I need to so as to prepare for RMD's and keep taxes lower in the future. The one thing different is I thought we would travel more. We have 10 grandkids around the country, and I Love train trips. My wife does not want to retire yet because she has no hobbies although she only works 20 - 25 hours a week. She just fears becoming too sedentary and going downhill. I am working on convincing her that she could volunteer at a pet rescue part Ime since that is her passion and between that and travelling, she will be fine.
Post: Meeting Expectations?
Link to comment from March 8, 2025