We're two years into retirement and the question I would ask any person approaching retirement is "How do you plan to pay the credit card bill for the big trip you take 6 months after you quit work?" Those of you with sufficient pensions or social security probably have an easy answer, but my wife and I retired early without pensions so we needed to generate cashflow from our assets which begs the question: I have bills to pay this month, where exactly does the money come from?
I'm curious how the retired people here create cash flow and what those of you approaching retirement are planning? I'd like some details as in, if you sell funds from your nest egg, how do you choose which funds to sell? Did you move funds around in the years leading up to retirement in preparation?
Personally, I developed our plan in the year or two prior to our retirement and continue to refine it so I'm always looking for advice or critique. I'll share my plan after some responses to not poison the discussion.
I'm curious how the retired people here create cash flow and what those of you approaching retirement are planning? I'd like some details as in, if you sell funds from your nest egg, how do you choose which funds to sell? Did you move funds around in the years leading up to retirement in preparation?
Personally, I developed our plan in the year or two prior to our retirement and continue to refine it so I'm always looking for advice or critique. I'll share my plan after some responses to not poison the discussion.
Statistics: Posted by murrays — Mon May 06, 2024 6:33 pm — Replies 7 — Views 449