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[quote=Anonymous]We're about 10 years away from retirement (at age 65) and we have $881K in my husband's various retirement accounts. I stayed home with the kids for a while, but have been putting money into accounts from jobs I have had plus ROTHs we started years ago, which total $213k. (Our SS estimates are separate from these amounts. Our most current SS statement said at retirement we will have monthly SS payments of $2995 for my husband and $2000 for myself)

We have about $70k in cash accounts that we never touch. We have one last kid in college starting this year, and our college funds are good and will cover the next four years. Just refinanced to a 15 yr mortgage which only increased our payments by about $1000. No car loans, no other debt.

My issue is that my husband always thinks we should be saving more. Which for years, I've been fine with, but now I feel like we're saving TOO much. Im not sure if the tax advantages are such that it makes sense to decrease our taxable income this way or if there's something else we could be doing with our money. I know it will sound crazy, but whenever I suggest spending money on a new couch or painting the house, he acts like we have no money. (To be fair, his dad was the same way when he was growing up. They always had hand me downs, never took a vacation, and turns out he was saving so much and is now loaded, but still won't spend any money.)

So what do people think is reasonable for retirement savings at age 55? Yes, I would like to travel, and live well in retirement, but we're not super extravagant people anyway. Thanks for sharing your perspective. [/quote]

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