People often say you’ll spend less in retirement, but who are these people, and is this true? We break down some common beliefs about retirement spending and share our own personal experiences of being retired early for two years.
Greg joins this week’s podcast as we talk about:
– The retirement smile
– How much we’ve spent over the last five years
– People say retired life costs less – Is this true?
– Where we’re spending more: Before retirement? Or since early retirement?
– How our life stage and family dynamics are impacting our spend
– How healthcare cost is impacting our spend
– Making the psychological shift from saving to spending
Show References:
- Retirement spending smile
- friends on FIRE podcast #139 – Medical insurance in early retirement (part 3 of 5)
- friends on FIRE podcast #191 – Marketplace insurance in early retirement – how to, costs, and more!
- Inside Out Money episode #036. From canceling Netflix to selling our homes – What we’d do in a recession
- Inside Out Money episode #066 – Mid-year spend review with Liz, Andrew, and Greg
- Inside Out Money episode #067 – Two investment metrics you should understand – CAPE ratio and SORR
- 2 Sides of FI podcast: Checking In: Year One of Early Retirement
- 2 Sides of FI podcast: Four Years Later: What I Wish I Knew Before Retiring Early
- Inside Out Money Episode #014 – 2023 Expense Review
- friends on FIRE podcast #015 – Expense Tracking Gone Wild
- friends on FIRE podcast #060 – Budgeting vs. Tracking Expenses
- friends on FIRE podcast #108 – Mid-year expense review with our spouses
- friends on FIRE podcast #132 – Full-year expense review with our spouses