I’d say I’m looking for an average fire or slightly leaning towards chubby. I basically have enough to lean fire right now, but I’d have no extra money for hobbies or other luxuries. I’m basically planning on doubling my savings to afford my expensive hobby, travel, and other occasional luxuries once I pull the plug.
Are you thinking in terms of fixed and flexible spending and eyeing something like VPW to budget the flexible spending or are you thinking more in terms of a fixed withdrawal rate that’d cover your expected fun budget too?
I mostly just plan in terms of a fixed rate that should cover all of my spending. While I expect in retirement I will probably see more of a variable withdrawal rate, I haven’t worked that level of calculations into my plan. That probably won’t be a consideration for me until I’m actually at my number and starting to calculate out if I’m comfortable retiring at it or not.
I’d say I’m looking for an average fire or slightly leaning towards chubby. I basically have enough to lean fire right now, but I’d have no extra money for hobbies or other luxuries. I’m basically planning on doubling my savings to afford my expensive hobby, travel, and other occasional luxuries once I pull the plug.
Are you thinking in terms of fixed and flexible spending and eyeing something like VPW to budget the flexible spending or are you thinking more in terms of a fixed withdrawal rate that’d cover your expected fun budget too?
I mostly just plan in terms of a fixed rate that should cover all of my spending. While I expect in retirement I will probably see more of a variable withdrawal rate, I haven’t worked that level of calculations into my plan. That probably won’t be a consideration for me until I’m actually at my number and starting to calculate out if I’m comfortable retiring at it or not.