No. of Recommendations: 1
I forgot - if asked "so...why did you save too much?" I would answer as such:
Conservative outlook, in two words. I get a pension...but when I'm gone, it is gone (we decided to forego the DoD's pension insurance, which is arithmetically not very good). Carrying that further, I don't count on Social Security. I read Kotlikoff and Burns' "The Coming Generational Storm" in 2004, and when a Nobel economist and storied financial columnist tell you that SS is in for rough waters, it resonates.
Backing those off, I still have enough to sustain the household lifestyle (assuming no calamities worse than any of the Monte Carlo simulations predict) for 40+ years.
There was an unanticipated addition to inflows - disability. The Army tore me up, and as of last year, I'm getting paid some for it. It isn't eff you money, but it is enough that it cuts down the demand on portfolio withdrawals in a measurable fashion.
So, minus pension, SS, disability, we're good. Maybe I need to spend more, donate more, lots of time to figure that out. We tipped like gangbusters in Hawaii last month (and still hope to move there when the conditions are right).
