So, here us a question.
How much is “enough”?
I’m sitting here, absorbing every last drop of upside movement I can on this S fund anomaly (yes, I think it’s an anomaly. There really isn’t the earnings growth to support this much movement upwards in the s fund.).
I’m 60 years old and have now retired.
I don’t expect to last except maybe to 74 or so, if I’m extremely lucky. 72 is probably about right. If I’m fortunate.
I’m obese, have a host of medical issues- heart disease, high blood pressure, and if I get a few years to do things, I’ll be happy. I KNOW I am never going to be 85 years old.
So how much is “enough”?
I’m taking $1,000 a month right now from the TSP, on top of my roughly $4k pension income. On paper it looks like I COULD be taking like 7 or 8 k per month, and not run out of money. I have now $1,165,000 in TSP and it’s growing, not shrinking, at this point.
But I don’t feel like that yet. I’m still thinking I need to scrimp pennies and save for later.
How do you know when it’s time to spend some if that ?
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