Downsizing - Early Retirement & Financial Independence Community

this is all starting to feel 'real'. My severance has been approved so I will be leaving megacorp in August. I'm excited, happy as can be, and a bit scared that I'm jumping too soon (only get 85 - 90% success in FIRECalc and FIDO RIP). I also have some fluff in my numbers so I'm hoping at the end of the day the worst thing that happens is that I have to live on SSI alone at the age of 85 or 90 .... my mom does it, and her life isn't awful, so I know it can be done.

We started cleaning out the spare bedroom closets in our current home today. OMG what a bunch of useless cr&p in those closets ! The master bedroom closets will be tougher and we'll start on those next week.

Current home has his and her offices which is going to be REALLY hard to give up, but the only way I can ER is to downsize to reduce property taxes, homeowners insurance and maintenance costs. Not having a private pool is going to hurt a bit also, but I won't miss the expense !

We will be moving to a 55+ community with dozens of clubs, three 9 hole golf courses, and two community pools. House size will go from 2800 sq ft to 1400, which is smaller than even our first house was !

Don't know why I'm posting this ... guess I just want to share with people who have gone through the same or will be going through this process. As we continue to clean up I'll update the thread. Hopefully someone finds it useful.

I can't believe I'm really doing this .... and I really hope I don't freak out as I start seeing my portfolio deplete rather than grow.

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__________________
Working hard to achieve my dream of retiring at age 50 to join the class of 2013 !
Learning to reduce my fears (of my portfolio running dry) so I can really start to Live (and ER) !

Source: http://www.early-retirement.org/forums/f28/downsizing-66201.html

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