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Today is the last day of my first year of retirement!
Things I’ve Learned:
1)  You need more money up front than you think.  Because of the way Social Security, retirement plans and private savings are set up, there is a “substantial” delay between when you retire and when you start getting your money on a regular basis.  In my case, I couldn’t make up my mind how much to draw down my personal / private savings until after I got my final payment figure from SSA.  This meant pulling in our belts more than expected (for a few months) until I felt comfortable making this decision – and then waiting for it to kick in and start paying.  Everyone’s situation will be different, but I saved four months of “working” net pay to cover the expenses and I probably would have been more comfortable if I had been able to save up six.
2)  Make sure you can cover your health care expenses!  This out of pocket expense has been significantly more than I estimated.  I made sure to cover the cost of insurance and prescriptions and a “normal” amount of routine visits.  I didn’t “really” budget for trips to the ER, colonoscopies, cancer surgeries, … and the list goes on.  This will remain a cost I will have to constantly monitor until we get a “real” national healthcare system which covers medical, dental and vision.  You know – all of “health”.  For us, this probably means Medicare when we turn 65 in a couple of years.
3)  You need to get organized and then try to stick with a flexible plan.  Even with all day, every day, if you aren’t eating the elephant one bite at a time, big jobs on the “honey-do” list will get away from you.  Most stuff is day to day, but you need to allocate time to longer term goals and what you want accomplished or they will drift and just not get done.
4)  It always ends up being more complicated than what / how you learn to do it on YouTube.  And usually more expensive, too…  Sometimes, you’ve just got to bite the bullet and pay a professional.  Do your retirement budget a favor and pay to get it done before you retire.
5)  It takes longer to adjust to a “non-work” schedule than you think.  I thought my body would adapt to a different sleep pattern within a couple of weeks.  WRONG.  It’s been twelve months and I’m still adjusting.  Sure, I can stay up later now, but that doesn’t get things done the following morning when you sleep in to make up for it.
6)  I wanted to read more books, learn to play an instrument, learn basic fluency in a foreign language and get in better shape (lose weight).  I am sleeping more.  I’ve lost weight and I’m getting more exercise.  I’m reading fewer books, because I’m on the computer a LOT more.  No progress on music or a foreign language.  (See #3 above…)
7)  Relax, smell the roses, and have a cuppa’…   About six weeks into my retirement (last November), I had to go into the ER / hospital to get my heart stopped and restarted due to my AFib.  So, once again I’ve been reminded I’m living on borrowed time.  (Hence the more sleep and trying to lose weight.)  It felt so un-natural to not have to get up for work, I think I let that (by itself) stress me out.  Now, I really am trying to take it a bit easier and settle into “being” retired.  LOL…  I think it might take me another two or three years, but I’m determined to get better at it.
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On This Day In:
2017 First Day Of Retirement!
2016 Revere And Criticize
2015 Global Climate Change May Test This Statement
2014 Adaptability Won
2013 Disappeared
2012 Fuller
Life On The Range
More Classics
2011 Stoned Again?
2010 Insubordination… And That’s Why I Love Her!
Losing – Week One
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First Day Of Retirement!

The past has no power over the present moment.
   ―  Eckhart Tolle
[I’m not sure if I hope this is true or not…  LOL  —  KMAB]
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On This Day In:
2016 Revere And Criticize
2015 Global Climate Change May Test This Statement
2014 Adaptability Won
2013 Disappeared
2012 Fuller
Life On The Range
More Classics
2011 Stoned Again?
2010 Insubordination… And That’s Why I Love Her!
Losing – Week One

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We can never insure 100 percent of the population against 100 percent of the hazards and vicissitudes of life, but we have tried to frame a law which will give some measure of protection to the average citizen and to his family against the loss of a job and against poverty-ridden old age.
 

—  President Franklin D. Roosevelt
(When he signed the 1935 Social Security Act)
 

[Now the middle class is once again faced with the conservative/libertarian position that “some measure of protection to the average citizen and to his family against the loss of a job and against poverty-ridden old age” is too much protection and America needs to push back when the time is right to receive this protection (extend the age for eligibility), reduce the amount of protection provided by the government (decrease the amounts of payment), and allow individuals to “invest” their funds in the stock market (gamble with your future funds).  —  KMAB]

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