Congrats! I retired the first time 16 years ago and the second time seven years ago. Weâve been fortunate in that we both have nice pensions and for the most part have done the things weâve wanted to do, but I would caution the youngsters among you thinking about and planning for retirement, three things that have had a far greater impact than we expected are taxes (i.e. property taxes), insurance (home and auto) and the substantial and unforeseen increase in the cost of almost everything except maybe TVs. Our home owners insurance has tripled, without a claim. Car & pickup insurance similar. Property taxes increase every year. Young people eventually find out, that you never really own your home. You just rent it from the government.
In summary, if you are planning to retire soon, be careful not to underestimate the forthcoming cost increases of almost everything!