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Money and Finances
Reply to "Spending in Retirement"
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[quote=Anonymous]In one post someone wrote that retirement spending is often 70-80% of pre retirement spending. Is that the case here? Our spending excluding education, savings and taxes is much higher. We travel more, we dine out more, we now have two homes and two clubs instead of one each. Even if your lifestyle hasn’t changed in retirement I don’t see how your expenses can go down 20-30%. I can see how commuting costs can go down but where are the other big savings? Our second home and club are a big part of the increase but excluding those costs I can’t see how our spending would have declined. For those 10+ years from retirement be careful how you estimate your retirement expenses. [/quote]
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