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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Personal Finance / Retirement Investing
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Author: richinmd   😊 😞
Number: of 1355 
Subject: Re: Early retirement pitfalls?
Date: 04/28/24 9:58 PM
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As the previous poster said make sure you think you have enough. The last few years have shown how inflation can really hurt you. Simple fast food meals are way up, groceries, etc. I retired about 16 months ago and am pondering an offer to return to work. I think I have enough and don't need to but I kind of want to go back east for a while to be with an older relative that I was close to and this would cover those expenses and give us a nice bump in savings.

One thing to be careful of is health care. I'm able to keep mine throughout the rest of my life, if I couldn't I'm not sure how much I would trust various market health plans.

I'm also having issues with spending money since I'm not used to no money coming in. I do get a COLA pension but the pension isn't close to covering our expenses. So it is mostly living off savings. We have no debt but expenses do add up especially medical, utilities, insurance (which has gone way up), and food.

I'm probably stupid for considering going back for 6-12 months since it is highly likely the money will out last me and time is precious but I have to admit to being bored.

It isn't an easy decision for many. Good luck.
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This community has written 1,284 posts about Retirement Investing. The article-length ones it recommended most:
The Case for Long-Term Buy and Hold Investing · 49 recs · 2025
Transferring assets to the next generation · 20 recs · 2025
Retirement Year 8 · 17 recs · 2025
(nearly) year one of retirement has been good · 11 recs · 2026
Buying Treasuries Via Vanguard · 10 recs · 2023
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