Re: Cash is not the issue…

Wannaretireearly wrote: ↑Mon Sep 09, 2024 11:18 pm

hvaclorax wrote: ↑Mon Sep 09, 2024 11:03 pm

saveinvestbecomefree wrote: ↑Tue Aug 27, 2024 9:25 am

It is robust to offer recommendation with so little data and a lot of this depending on private desire. You may have to do some introspection and focus on as a pair to resolve on what actions you wish to take. The nice factor is that cash will not be the deciding issue for you quickly. The problem is that the brand new freedom to resolve based mostly on private desire typically makes us notice we do not have a very robust desire on what to do subsequent. Some folks hate their work so retiring is a straightforward resolution, even with no plan. Some folks have a transparent need to do different issues so retiring can be straightforward for them, to allow the subsequent factor they need. Some folks actually get lots out of their work past cash so persevering with to work is their alternative. Based mostly by myself analysis and anecdotal observations, I might estimate that no less than 90% of those who retire with good funds take pleasure in retirement greater than working. Most individuals that do not like retirement have cash challenges or well being challenges ( motive to retire early) that convolute their view of retirement. There appear to be just a few clinically true workaholics on the market that detest retirement regardless of having sufficient cash. They’re vocal however appear to be low in quantity.

I might argue most will not be as clear because the above examples and are in a gray space that makes selections harder. I personally retired final 12 months at age 49. I did not hate my work however I did not find it irresistible both and loved my time doing exterior of labor way more. I’ve been fairly proud of retirement this previous 12 months+ and do not miss work in any respect. I’ve a number of hobbies and spend time with household since we nonetheless have two children at dwelling (center and highschool). Among the best issues is spending extra time with my boys (even higher than I anticipated). I am additionally exercising much more. I additionally wrote a e book round cash with the intent of it being for my boys. I am by no means bored and might at all times discover issues I wish to do. However I did not have a grand plan to retire to…….appears that is probably not a problem for me. My spouse occurs to nonetheless be working (her alternative) and we’re each proud of the dynamic to this point. At this level she nonetheless will get extra social/gold stars/function advantages from work than I ever did. In a couple of years or much less, I absolutely anticipate her preferences will change and she or he’ll be a part of me in retirement.

Each individual (and therefore each couple) is totally different so we every want to seek out our manner. Plus our preferences change lots with time. Yow will discover some useful suggestions from different’s expertise however in the long run, you’ll want to make your personal selections after which take actions. Simpler mentioned than finished however do not forget that it is a good “drawback” to have. Good luck.

Powerful to offer recommendation. As famous above.

So true with the complexity of human beings and their lives.

With respect to youngsters, be certain you make your self a worthwhile position mannequin. Put together for the potential of youngsters going to PhD or MD standing. They’re your primary precedence. Their wants aren’t predictable.

Thanks

Sage phrases, particularly being/turning into a job mannequin.

Children going to PhD or MD makes my coronary heart skip a beat

However sure, we are going to assist the place doable whereas balancing our personal wants.

[/quote

Each our youngsters have MDs and have shocked me on this. I don’t assume I deliberate however I did every thing in my energy to make it work out. It labored out.