What Do You Mean “My FIRST Retirement”?
I like to call what I’m doing a sabbatical, but I’m technically retired. I stopped working. On purpose. But this is just my tester period. I’m trying out retirement and the lifestyle so that I can do everything right when I really retire.
Let’s knock out a few questions:
- Can you afford this? Yes. The house is paid off, I have insurance coverage through my wife, and we’ve basically been living off of her paycheck for a good while now.
- So are you rich? Hardly. We’ve made some good financial choices over the years and we’re well on our way to meeting our retirement savings goals, but we’re not there yet.
- But aren’t you worried that you can’t get another job? Yes and no. I’m worried that I can’t get another job like the one I had (although many people around me assure me that his simply _is_not_true_), but that’s not the point. I can either go back to the type of work I was doing with a goal of retiring as early as possible, or I can find something else I enjoy more and do that for a longer period of time. Both options have their advantages, and both have their downsides.
- How long will this go on? The initial plan is to give this at least four months, although a number of friends who have been down this road before me are encouraging me to stretch this out to at least six months, if not longer.
- Are you scared? Yes. But a little less so every day.
- Are you relieved? Yes. A little more so every day.
- Aren’t you afraid of getting bored? How will you fill up your days? Well, you see, that’s sort of the point of the blog – to walk you through that very thing.