Retired on Social Security and not much savings
I retired last year at age 74 from government service, as a computer programmer, a work that I had enjoyed for almost 25 years. Ever since retirement, almost one year now, I have been going through frequent spells of depression, and anxiety.
I read quite a few books on retirement, the best one I thought was "How to retire Happy Wild and Free" by Ernie Zelinski.
Unfortunately, I could not pick on any satisfactory solution to my own problem, which are more due to my fears of financial problems in the future. I
realized that to take up activities I really enjoy, such as traveling, going out to lunch with friends, entertaining friends at home which I love, it needs some level of surplus finances.
My wife of 48 years and myself are living happily on social security and a small pension, which is quite adequate with our frugal lifestyle, and we even generate a small surplus every month.
We are afraid that if we spend a little beyond what we have as surplus, we might deplete our small savings of 50K, which we have reserved for medical emergencies as we really get old.
About two years before my retirement, my best friend at work, who was also a programmer, retired with a good pension, other sources of side income, and substantial inheritance!
He travels a lot, which he loves just as I do, but something I am unable to. He and I do get together once in a way when the discussion turns to post retirement activities. He is unable to appreciate my predicament, and does not encourage me whenever I show interest in getting back into paid employment again. And that only adds to my depression.
I am still in good health, by the grace of God, and quite capable of going back to work. But I am confused whether I really should work again, or not. Any help is welcome!
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