<<<Even though I have no debt, live in a wonderful remodeled home in a great neighborhood, have a fantastic wife in a 24 year marriage, I've found myself feeling lost as to what the future should be. I have hobbies, but they seem like time-fillers rather than something I'm driven to do.
Are any of you other recent retirees having difficulty finding a sense of purpose in "retirement"?
I'm also still concerned about establishing an adequate level of income from investments. What have some of you done to secure income with safety? >>>
You are doing the right thing, which is asking questions.
I am 80 and guess I retired about 1968. Never enough income, but had some property in Seattle which I finally sold off in 1972 which put me in the position you are in today excepting I did not then have a house.(haha)
Bought CD's for years which paid from 9% to 18%, so there was some interest in keeping track of those.But not a future
to engage ones energy.
Traded stocks a bit, bet horses at Longacres, made a few bucks but nothing comparable to the CD's.
Beginning in 1996 I hit it rich in Dell stock, but could never find anyone to help decide what to do with the money.
So I finally gave most of it back.
But I was trying to get some advice.
Friend A retired was into high dividend stocks . Had an extra $1mm home which he left to his wife.
Relative B was into funds, but had plenty of retirement income.
Postmaster was into Government bonds
Dentist was asking me for advice.
I asked various people at a Riverboat Casino, they seemed to have no savings or market knowledge.
Uncle had 28 apartments in San Diago, no use asking him.
Doctors were playing with stocks same as myself.
Attorney was buying apartment in San Juan, and some risky Mexican stocks.
Non of these people were in a position equivalent to my own and I doubt very much I will find one.
You just have to pick your own game and do your best.
My own (old) hobbies have suffered severely from my sitting at a computer playing the market, and recently to no avail. So I am making some changes.
My best advice would be to find a successful respected person who thinks you can do things , or knows you can do things, whether you believe it or not. And follow that man.
Since you have been trading you will have your own ideas on market prospects. At this moment, with the amount of churning, I consider stock trading to be extremely risky.
Income with safety today=CD's or bonds. I prefer property, like a building lot, but thats not monthly income
Good Luck
Sig |
