Originally Posted by
Stoplight
All,
So I'm retired for 2 years...following the market with my small TSP balance, and my "buy-and-hold" stocks and mutual funds...diversified portfolio, with some short-term trading, "mad money"...
I've done well...knock on wood !!! So here's the question :
Do you NOT spend your retirement money, because you think you'll run out of money before you or the Wife dies ???
That's my "issue" !!! I have a problem with spending it !
It's a mental issue...OTOH, I chose 100% FERS survivor benefit, so she'll be okay...maybe...but I still have this mental block about dumping sums of money...
Any comments from the rest of you Retirees ???
Stoplight...
This is a problem for a lot of folks. We have trained ourselves to save for many many years and it takes a big mental shift to start spending it. Luckily we have a pension so if we spend it all we'll still have income. You should start spending it imp. You can't take it with you. You could do a life expectancy withdrawal method. Life is short. Enjoy it!
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