Are your expenses outpacing your earnings currently?

[Raftergirl]

37. Some things have gotten more expensive but nothing that has changed our lifestyle at all. We have more money

than we can spend. H retired in 2020 and has a 6 figure pension and his retirement bennies pay for our Medicare A&B, supplemental and our prescription plan. He also works 10 or so hours at his old agency at an hourly rate based on his final salary. 75% of those earnings goes back into his 403B and he uses the rest as his fun money. I haven’t worked in 30 years but reached full retirement age in March so I’m contributing more to our income than I have since my kid was born. Next year my SS will increase by $1200/month when H reaches full retirement age and our monthly income will increase by about $5000. As it is we only spend about 1/2 of our monthly income now on all our expenses. We still have a mortgage ($800/month at 2.3%) which we could pay off if we wanted to but with a mgt rate so low it is silly to pay it off.) Except for having to take the required distribution from H’s 403B we don’t plan on having to touch our other investment accounts.

We paid for private high school and private 4 year college for our kid from savings and monthly income and had very little left over at the end of each month. But since then it’s been like living on easy street so we don’t get concerned about stuff getting a bit more expensive.

And fortunately our kid is doing great and needs no help from us at all.