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Reply to "Lifestyle creeping backwards"
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[quote=Anonymous]Yes. As noted above, this can be related to age-related thinking about future downsizing which militates against the acquisition of more "stuff". Additionally, as we age, we may begin to think more about the costs of potential long-term care, which has a moderating effect on current spending in favor of portfolio preservation and prudent growth of capital. While there's little point in being the richest person in the cemetery, neither is it wise to spend so recklessly that you risk a severely constrained lifestyle in your later year, so trying to find the appropriate balance between lifestyle and future financial security becomes more of a focus as we leave our working and active income generating lives behind. [/quote]
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