Oh my, a life lived without a bucket list. I am in the minority or from another planet. Early on it was just get to the next day. Now, in retirement, about the same. Things have just happened. The next shiny object that looks good was selected. If the door on the right did not open, take the next one that did open. Lots of things were liked, but none burned in the brain. Lots of successes along the way, but still no "box" I have to check. Hats off to you who have that list. I envy you and wish for your passion. My main wish now is for the Padres to go on a long winning streak. Not bored, just satisfied. I love the posts on this site. Sorry I did not find it sooner. Please don't throw me off the train for the lack of a proper imagination.;-)
Nine years ago I sat next to my dying wife in peace and a darkened room holding her had. Just Sandy and I. Her last communication was a goodbye rub of her finger on my hand. I think I felt her soul depart. Quiet and thankful for the almost 50 years. The moment did not have to be shared by us. I am thankful it wasn't.
In the past my RMD (I am 81) was my spending budget for the year taken out as soon as I could after 1/1. I would deposit it with laddered 4-8-13-and 26 week bonds from Sam. My other non-IRA would just fill in as needed. Last year I changed to monthly RMD distributions (less 25%for taxes) and went to 4% on non-IRA withdrawals also on a monthly basis, not adjusted for inflation. I now must do a bit more planning for big expenses like a cruise or overseas adventure. Before, it was free range spending until the pot was empty.
I like the word "decumulation"
Spending will probably be at an inverse relationship with my age for everything except maybe healthcare. I an hoping it comes out just right.
I always wonder if it is selfish to spend what I want to and leave the balance to family, or set a number for what to leave and the balance is the retirement spending budget. At 81 I am still spending.
Comments
Oh my, a life lived without a bucket list. I am in the minority or from another planet. Early on it was just get to the next day. Now, in retirement, about the same. Things have just happened. The next shiny object that looks good was selected. If the door on the right did not open, take the next one that did open. Lots of things were liked, but none burned in the brain. Lots of successes along the way, but still no "box" I have to check. Hats off to you who have that list. I envy you and wish for your passion. My main wish now is for the Padres to go on a long winning streak. Not bored, just satisfied. I love the posts on this site. Sorry I did not find it sooner. Please don't throw me off the train for the lack of a proper imagination.;-)
Post: Dreams I Had by Jonathan Clements
Link to comment from June 3, 2025
I like using a set distribution as a budget for spending. Almost like an envelope with cash. When it is empty - spending should stop.
Post: Insomnia and the Back of an Envelope
Link to comment from April 22, 2025
Nine years ago I sat next to my dying wife in peace and a darkened room holding her had. Just Sandy and I. Her last communication was a goodbye rub of her finger on my hand. I think I felt her soul depart. Quiet and thankful for the almost 50 years. The moment did not have to be shared by us. I am thankful it wasn't.
Post: Lesson Four From Taking Care of a 102 yo in Her Last Year of Life- The Final Hours of Life Can be Beautiful
Link to comment from April 13, 2025
Solid advice related most sincerely.
Post: Don’t Push It
Link to comment from April 11, 2025
Not really. It is more cash flow management. Juggling cc cut off dates and need for the payment.
Post: 4% every year? even this one?
Link to comment from April 10, 2025
In the past my RMD (I am 81) was my spending budget for the year taken out as soon as I could after 1/1. I would deposit it with laddered 4-8-13-and 26 week bonds from Sam. My other non-IRA would just fill in as needed. Last year I changed to monthly RMD distributions (less 25%for taxes) and went to 4% on non-IRA withdrawals also on a monthly basis, not adjusted for inflation. I now must do a bit more planning for big expenses like a cruise or overseas adventure. Before, it was free range spending until the pot was empty.
- I like the word "decumulation"
Spending will probably be at an inverse relationship with my age for everything except maybe healthcare. I an hoping it comes out just right.Post: 4% every year? even this one?
Link to comment from April 9, 2025
I always wonder if it is selfish to spend what I want to and leave the balance to family, or set a number for what to leave and the balance is the retirement spending budget. At 81 I am still spending.
Post: Giving Advice
Link to comment from April 5, 2025
Because I could go anywhere, I probably would choose not to go anywhere. As for an experience - a hot pit pass at an F1 race at an Italian track.
Post: Where Next? What Next?
Link to comment from April 1, 2025