In retirement you expect your standard of living to?
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Re: In retirement you expect your standard of living to?
Forced retirements. OK in SS + small pension and small stipends to care for elderly parents. We only ocassionally tapped into retirement funds for a couple of thousands. At RMD andRMD + 2yrs, some of the annuities will matured and our income will go up substantially, if parents' (currently 95, 95) condition do not burden us too heavily.
Re: In retirement you expect your standard of living to?
Our goal is to have the same level of discretionary spending. Given modestly increasing standard of living this is a bit of a moving target. But within modest error bars, I think our chances of success are pretty high.
We live a world with knowledge of the future markets has less than one significant figure. And people will still and always demand answers to three significant digits.
Re: In retirement you expect your standard of living to?
Go up some. Plan on spending more money with more free time.
cheers ... -Mark
cheers ... -Mark
cheers ... -Mark |
"Our life is frittered away with detail. Simplify. Simplify." -Henry David Thoreau |
[VTI, VXUS, BND, VTEB, SV fund]
Re: In retirement you expect you standard of living to?
HomerJ wrote:
Working for 5-10 more years so I can buy a nicer car or a nicer boat, or a nicer house, or fly first-class doesn't seem worth it to me.
Time > Money
Great advice here!
Re: In retirement you expect you standard of living to?
Agree. More time to travel.steve_14 wrote:Standard of living, the same. Quality of life, much higher.
Re: In retirement you expect your standard of living to?
I expect my standard of level living to about double. Going to retire at 64 with COLA adjusted 100% pension and add in SS/Inherited IRA/Roth's/RE investment income. Looking to do OK. Also planning to do P/T work as long as I can. Can only do so much travel and butt sitting