Part 5/10:
However, the experience has not been entirely smooth sailing. There were several challenges and lessons learned throughout the year.
One notable misstep involved taking on more financial risk than I should have, particularly through cash-secured puts—which I now view as a stressful and excessive gamble. It became painfully evident that risk tolerance can be drastically different in retirement compared to when one has a steady paycheck. This miscalculation nearly jeopardized our financial security, serving as a harsh reminder of the need to prioritize stability over speculative profits.