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July 14, 2008


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Oh yes! You will remember the lessons you are learning right now. If a person, who has retired young (me) doesn't scale back, cut back, eliminate and just have and use the basics, one (me) will be in for a rude awakening.

Better to do it now, voluntarily, and get used to it then face it involuntarily in the future.

We may be facing another 2-5 maybe 7 more years of this. Who knows?

Our retirement plan now includes both of us still doing part time work. We found it is the only way to keep up with inflation, enormous energy prices, declining investments, etc.

Keep us posted on what is working for you.


Thank you so much for sharing this post! It made me question my own math of working until 60 in order to amass a nest egg large enough to keep the principal mostly intact. I'm not sure why I had felt compelled to do so.

Retired Syd

J: Oh my gosh, I NEVER would have been able to retire if I was trying to amass enough to live off of just the earnings. As my in-laws say--I plan to bounce the last check! (Actually, my plan has us dying with a house, so we could always tap into that if we need a little cushion).

Cinzea: Although my husband disagrees, at least 50% of our budget is discretionary. There's a lot of wiggle room in the budget because of that, although he doesn't view those things (like eating out and travel) as discretionary. I think he'll come around if the market continues to decline, though--I don't see him making any moves to go get a JOB!

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