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Reply to "Switching to spending down savings "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Just don’t be like my in-laws. They never figured out how to do it. They are worth almost $20M from the sale of a business and live on their social security checks plus about $40k/year. [/quote] Maybe they don't want any more? Want to leave it to future generations and/or charity? Or are they fearful?[/quote] I agree this doesn't tell us anything. It certainly is sad if they are forgoing enjoyment out of misplaced fear of overspending, but a retired couple with a paid-off house can live quite comfortably on $80,000 a year or so.[/quote]
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