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Old 07-25-2012, 09:21 AM
 
Location: Florida -
8,763 posts, read 10,837,755 times
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Most of our lives are pretty much ruled by the 'default king' ... get an education, work hard, pay the mortgage, raise and educate the the kids, pay-off the house, take a few vacations, advance the career, buy new cars and other stuff ... and save a little for retirement. 'Retirement' remains somewhat of a mythical place (like 'Camelot') in the distant future, where the 'default king' no longer rules our lives.

On the way there, we cobble together a financial plan which, for the most part, consists of organizing whatever we are able to save into enough 'buckets' or 'ladders' to allow us to stay in 'Camelot' for an indefinite period of time. Thoughts of funding hobbies, travel, new cars and houses and stuff, and staving-off the evil ogre 'unexpected health problems and costs' are there, --but, often exist is a fuzzy, undefined cloud surrounding 'Camelot'.

Upon arrival, we enthusiastically enjoy no longer having the 'default king' breathing down our necks every day. For a while, "no longer having to _____________" and being able to 'do whatever we want' ... becomes our new 'retirement plan.' However, after 4-5 years, it dawns on some of us, "I don't really have a retirement plan ... beyond simply 'winging it' through my remaining years (which is a much shorter time than it used to be!)" - "Oh well", we think; "this type of status-quo isn't too shabby ... I'll just keep doing that."

Finally getting to the point: It seems like we spend an inordinate amount of time 'planning to get to Camelot', but, not much time 'planning our lives after we arrive.' I'm wondering; ... is this simply fanciful thinking, or have others thought about and dealt with the same thing.
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Old 07-25-2012, 10:12 AM
 
Location: SW MO
23,605 posts, read 31,475,774 times
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Quote:
Originally Posted by jghorton View Post
Finally getting to the point: It seems like we spend an inordinate amount of time 'planning to get to Camelot', but, not much time 'planning our lives after we arrive.' I'm wondering; ... is this simply fanciful thinking, or have others thought about and dealt with the same thing.
We like it where and how it is. Beyond that it's all about spontaneity for us within our means.
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Old 07-25-2012, 11:53 AM
 
29,775 posts, read 34,860,277 times
Reputation: 11687
Quote:
Originally Posted by jghorton View Post
Most of our lives are pretty much ruled by the 'default king' ... get an education, work hard, pay the mortgage, raise and educate the the kids, pay-off the house, take a few vacations, advance the career, buy new cars and other stuff ... and save a little for retirement. 'Retirement' remains somewhat of a mythical place (like 'Camelot') in the distant future, where the 'default king' no longer rules our lives.

On the way there, we cobble together a financial plan which, for the most part, consists of organizing whatever we are able to save into enough 'buckets' or 'ladders' to allow us to stay in 'Camelot' for an indefinite period of time. Thoughts of funding hobbies, travel, new cars and houses and stuff, and staving-off the evil ogre 'unexpected health problems and costs' are there, --but, often exist is a fuzzy, undefined cloud surrounding 'Camelot'.

Upon arrival, we enthusiastically enjoy no longer having the 'default king' breathing down our necks every day. For a while, "no longer having to _____________" and being able to 'do whatever we want' ... becomes our new 'retirement plan.' However, after 4-5 years, it dawns on some of us, "I don't really have a retirement plan ... beyond simply 'winging it' through my remaining years (which is a much shorter time than it used to be!)" - "Oh well", we think; "this type of status-quo isn't too shabby ... I'll just keep doing that."

Finally getting to the point: It seems like we spend an inordinate amount of time 'planning to get to Camelot', but, not much time 'planning our lives after we arrive.' I'm wondering; ... is this simply fanciful thinking, or have others thought about and dealt with the same thing.
So very true. Getting to Camelot is only one stage as Camelot has many roads to travel and we need to start thinking about them. I am with you and interestingly in the 4-5 years retired stage. We still future income to plan for.
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Old 07-25-2012, 12:26 PM
 
Location: Tennessee
34,682 posts, read 33,681,492 times
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Only being responsible for myself (after divorce), I've pretty much winged my life. I'm always amazed looking back how I always seemed to land on my feet. Where do I see myself in 5 years? Where do I see myself in 5 hours? I don't know.

I'm only anal about vacation planning.
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Old 07-25-2012, 04:03 PM
 
Location: Alaska
5,356 posts, read 16,344,123 times
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Other that a couple of lifetime trips, which I'll plan for in detail, we're going to pretty much be winging it. I do have ideas on things to do and hobbies to try, but they'll either work out or they won't. I envision a lot of spontaneous activities.
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Old 07-26-2012, 10:09 AM
 
Location: Florida -
8,763 posts, read 10,837,755 times
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Quote:
Originally Posted by TuborgP View Post
So very true. Getting to Camelot is only one stage as Camelot has many roads to travel and we need to start thinking about them. I am with you and interestingly in the 4-5 years retired stage. We still future income to plan for.
Thanks. Sometimes I think we get so focused on the important financial issues of retirement ... that we lose sight of the non-financial issues of simply living as a retired person (and I didn't want to mix-up this same sounding thread in yours).
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Old 07-26-2012, 02:32 PM
 
29,775 posts, read 34,860,277 times
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Quote:
Originally Posted by jghorton View Post
Thanks. Sometimes I think we get so focused on the important financial issues of retirement ... that we lose sight of the non-financial issues of simply living as a retired person (and I didn't want to mix-up this same sounding thread in yours).
Hey they are one and the same. Froom my perspective if you are now comfortable and loving retirement and it was planning that helped get you there you probably want to continue some planning to continue being comfortable and loving it. This is so good I want to crunch the numbers and make sure it stays this way and when it will get even better.
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Old 07-26-2012, 03:03 PM
 
Location: WA
605 posts, read 556,355 times
Reputation: 2050
Quote:
Originally Posted by jghorton View Post
Thanks. Sometimes I think we get so focused on the important financial issues of retirement ... that we lose sight of the non-financial issues of simply living as a retired person (and I didn't want to mix-up this same sounding thread in yours).
Do agree with the above statement; financial planning is only part/half of the retirement living;
especially married/living with another being, what will you be doing the time you used to commute,
work, etc.

Someone mentioned the best laid plans of mice and men----Remember attending a women's financial seminar, it was stated the average age of a widow was 54 in 1993.

For ourselves, my husband had an accident at work, he was forced to retire at age 40.Retirement for us---my returning to work outside the home, while dear husband managed the home, being a full time Dad to our two teenage sons. When I was able to retire, we finally moved. We both enjoyed activities individually as well as together.
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Old 07-28-2012, 09:29 AM
 
1 posts, read 1,467 times
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