Take a lifestyle cut in retirement — Please…..

Source:  Don’t take a lifestyle cut in retirement — Fidelity Investments.

I know the source article says basically the opposite of what the title is. That is because I think the article is, at its foundation, wrong.  It wouldn’t hurt almost any of us to take a lifestyle cut now or even in retirement. I know that my wife and I are now living on a little over half of what we spent but prior to my retirement. We moved from the “high cost” State of New Jersey back to my roots in Indiana.  We quit buying much of the things we bought before and to tell you the truth we are living a much more happy life in the process. I have fallen thoroughly into the mantra of “Simplify, simplify, simplify….”

The U.S. being a capitalist society teaches us that if we want our country to prosper we must continue to spend and consume more as each year passes.  If we don’t our businesses will die on the vine or so they say. The problem with that is that for most of us working folks we make little if anything more in income than we did twenty to twenty-five years ago.  So in order to consume more we have to buy it on credit. Being good little citizens many of us now have $10,000 or more in credit card debt and often times a second or even a third mortgage on our houses to pay for our ever spiraling spending.

I think it is time for us to get out of the “spend more this year than we did last year”. That is especially true for those of us who are now living in our retirement years. We should have learned it much earlier in life but we should at least now know that having more and more stuff does not insure a happier life. In fact I have found the exact opposite to be true.

So even though I trust my friends at Fidelity Investments to manage my retirement saving I did indeed take a lifestyle cut in retirement and am having a ball.  If only I had learned this secret much earlier in life. My country is going to have to somehow figure out how to prosper without my increased spending…..

2 thoughts on “Take a lifestyle cut in retirement — Please…..

  • I always lived a simple debt free lifestyle when I worked, so my retirement lifestyle is basically the same. I buy what I really need and still it seems I have too much stuff. I live in the high cost state of New York, but there are a lot of free and inexpensive things to do here. It’s all about the choices you make.

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  • Welcome Donna. Yes you are certainly right, it is all about the choices you make. I’m like you, I like to think that I am living a simplified life but I still seem to have too much stuff 😉 But it is all about choices….

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