I honestly think we will do all right. Still, inflation could make that a lot more difficult in the long run.
When I retire...my income goes to zero. No retirement. No Social security. I will be living 100% on savings. (Coincidentally enough, that’s 2 1/2 years out).
Even people who have solid retirement plans, SS, etc, give retirement at least a passing thought. So it’s no surprise that those of us with no income would give it thought. It sounds like you have done that Todd. You’ve said it yourself. You honestly believe you’ll be alright. I have the same belief Todd. I’ve done ALOT of thinking on my financial situation going forward. And, by my calculations...I honestly believe I will be ok. Although the inflation factor is the real wild card. Inflation is going to be a bear. (My opinion. That’s why I stay out of the political threads here). Matter of fact, it’s already occurring, you know that, which adds to anxiety. What happens when everyone agrees it’s happing? That’s the kind of inflation that concerns me. And the only answer I have for that is...it will do to me what it will do to the vast majority of Americans in this country...it will cut into my financial quality of life. In other words...my standard of living will go down. Absolutely.
Maybe I’m the guy that people point to and say...”what ever you do, don’t do what THAT guy’s doing.” I can PROMISE you...financial planners would say that. My attitude is....
...there’s a limit to how much I’m willing to give up for the unknown.
So, you know what my advice to you is...”go for it”. 😊
And, in 20 years...if we’re both under a bridge...you can always blame me. (For what good that will do ya 😊)