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I like to eat out, but I don’t go to the expensive places unless I have a companion and it’s an occasion.
Interesting point on the health / wellness. I do have a gym membership, try to go 3x per week when I'm not on the road for work.
No way I can give up carbs though. Best I can hope for is moderation. Pasta and potatoes are staples.
I'd like to think my drinking / drugging days are behind me. I still like beer and the occasional scoth and cigar, but it's less frequent than when I was in my 20s and early 30s, and no more "recrational" substances, inhaled or otherwise. Setting down with a good companion helped stop that life. Probably the main reason why I'm still on this idea of terra firma and not dead.
That's the strange part of retirement "planning" I may live to 90 something, or could croak at 52, which would make this an exercise in futility. No way to know up front. Going back theough the generations, there's some longevity on my material side, not so much on my father's side.
I'm typical. Could stand to loose a few pounds, but otherwi...
Congratulations!
I followed a similar roadmap. When I was laid off at 57 I decided to retire. That was three years ago. The two adults I live with are presently working full time so I assumed most of their share of the household chores.
Expectations? I didn't have any. My days have been filled with household chores and errands, tackling deferred maintenance on the 53 year old sh*tbox we live in, spending more time at the gym, looking after some family members with health problems, walking the dogs, doing volunteer work in the community. I don't know how I had time to work (and commute) all those years.
a certain amount of anxiety and living in mobile home parks with rent control These parks are fading
it's glycemic index is quite low
I turned 69 today.
mell saysit's glycemic index is quite low
Carbs want fat. Coating and consuming with a healthy fat, EVOO or pastured butter etc., helps with the glycemic load, I believe.
Besides what's the point in having accumulated wealth if your not enjoying life? I do want to travel... not all the time but one big trip every other year is about right.
Robert Sproul says
mell saysit's glycemic index is quite low
Carbs want fat. Coating and consuming with a healthy fat, EVOO or pastured butter etc., helps with the glycemic load, I believe.
Adding fat to a meal does slow digestion and thus reduce insulin spikes. But carbs in general are just kinda aggressive in stimulating insulin release, and insulin takes the fuel out of your blood and crams it into storage, such as your muscles, and into bodyfat. It's possible the addition of fat to the meal ends up with much of the calories from the fat you ate getting shuttled right into storage/bodyfat because you will still have a moderate insulin spike from the meal.
I think ideally, you want that fuel floating in your blood for relatively longer (and/or digeste...
If you exercise a lot you want to make sure you get enough carbs. If you're just an occasional exerciser and don't need much fuel you can do (very) low carb. I don't think you need to be low carb to be healthy, just avoid excessive sugar. But if you need to lose weight low carb is the best way to go imo
Oddly, a long time ago I looked through a list of foods in an insulin study and steak/meat triggered a very high insulin response, which I didnt expect. It's not just carbs that do it.
https://finance.yahoo.com/news/americans-magic-number-retirement-rises-110008361.html
Americans' Magic Number for Retirement Rises to $1.27 Million
No intention of being a dick, but
Sounds about right.... with $3 mill I can live on the interest / dividends and rarely if ever have to touch the principal.
What works better to mitigate those scenarios - increasing bond/fixed income allocation
Except this time bonds crashed along with stocks.
Eric Holder says
Except this time bonds crashed along with stocks.
Which is why you always hold bonds to maturity.
Later, as I got older, I started eating 2 meals a day, until now I'm OMAD.
3 million bucks is surely enough for 30-40 years of living off the money, especially assuming social security.
There are funds which pay high dividends so you're not going to deplete your capital.
... or hold stocks until they recover? Nice if you can, nasty if you can't.
Certainly, older workers have responded to the sudden rebound in demand within the labor market—a rebound that came about because of government stimulus efforts, he continues.
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(59.5 is more realistic, as it would avoid early withdrawal penalties from my retirement accounts.)
I'm maxing out a Roth 401(k) evey year. Accounts been whalloped this year, but stilll is worrh about $600k. It has plenty of time to come back. I have almost two decades to go.
House is on track to be paid off in under ten years.
The only thing I don't have is a side investment account. Have thought about it, but yet to act.
For those of you who have retired early, any advice, not only how you were able to do it, but also if your retirement is matching your expectations. Part of me thinks I'd go crazy not working, but I want to work because I choose to, not because I have to.
My cost of living us relatively low. (Although its gone up mostly if fuel costs) I don't drive fancy cars or carry a ton of debt. Biggest splurge is going out to eat once or twice a week.