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Kevlee,
Imo it depends on what you are looking to do with your lifestyle. I am semi-retired as well but because I am still relatively young (35) my money is probably invested more aggressively, with more private investments than the average retiree. I still want to grow my wealth and i do kinda work 2-3 days a week at my businesses to try to steer/guide the management.
As for what else to do, the other contributors have all given great suggestions. Volunteering for a cause (s) is great, I bring my children to those sometimes because I want to teach them compassion and that we should try to help those less fortunate. Taking up a sport or learning in earnest something like chess/musical instrument can be great use of time as well.
Posts: 209
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Kevlee,
20kpm is not trivial sum but at some point I suppose you want to stop. Then it just depends if you have enough to maintain/improve your lifestyle.
For me, I do not take a salary, I hold 0.5 year of readily available cash for spending in my various bank accounts, in addition I currently hold 10pct of net worth in cash so that I can take advantage of market corrections, a great biz opportunity, etc. My portfolio of bonds and equities give enough coupon + dividends to pay for my annual spending but not much else so growth must come from capital appreciation or value of my businesses going up.