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<blockquote data-quote="OldSailor85" data-source="post: 523270" data-attributes="member: 36164">Been retired 5 years.FWIW, I&#039;ve been a hack guitar player for years.&nbsp; I haven&#039;t gotten any better since I retired, either.&nbsp; <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite2" alt=";)" title="Wink&nbsp; &nbsp; ;)" loading="lazy" data-shortname=";)" />Had a whole plan for taking out IRA, ROTH, annuity payments/withdrawals to maintain something like 80% of my working income (single income household).&nbsp; I have not had to touch anything yet.&nbsp; Even bought my newest-to-me old boat.So much for plans.&nbsp; No longer &quot;saving&quot; for retirement was the biggest reduction in spending.For me, we had to be debt free before retiring.&nbsp; Thankfully, the misses isn&#039;t a spendthrift.&nbsp; Her car is a 2009 and it only has around 30k on it.&nbsp; No house, boat, or car payments.&nbsp; Just maintenance.Taxes and Insurance is a killer and you have little control over them.&nbsp; Figuring out Medicare, if you are old enough.&nbsp; Just paid nearly $3k in property taxes for 6 months.Right now, health insurance is $1000 a month for the two of us.</blockquote>

[QUOTE="OldSailor85, post: 523270, member: 36164"] Been retired 5 years. FWIW, I've been a hack guitar player for years. I haven't gotten any better since I retired, either. ;) Had a whole plan for taking out IRA, ROTH, annuity payments/withdrawals to maintain something like 80% of my working income (single income household). I have not had to touch anything yet. Even bought my newest-to-me old boat. So much for plans. No longer "saving" for retirement was the biggest reduction in spending. For me, we had to be debt free before retiring. Thankfully, the misses isn't a spendthrift. Her car is a 2009 and it only has around 30k on it. No house, boat, or car payments. Just maintenance. Taxes and Insurance is a killer and you have little control over them. Figuring out Medicare, if you are old enough. Just paid nearly $3k in property taxes for 6 months. Right now, health insurance is $1000 a month for the two of us. [/QUOTE]

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