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Money and Finances
Reply to "Spending in Retirement"
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[quote=Anonymous]Sounds like a weird humblebrag. As another poster said, if you assume another mortgage and club fees, of course your expenses won’t go down. Typically, expenses go down because you’re not paying payroll taxes, not saving for anything - retirement, college, etc. - and you have no debt - I.e. no mortgage, credit cards, or car payments. Also, some people move to states with no income taxes. In that scenario, you’re just paying to maintain the engine. Of course, some will step up travel, which will cost more, but it also depends on where and how you travel. Taking a roadtrip across the county and staying at modest hotels is different than 3 months in Paris, dining at expensive restaurants every night, and doing activities every day. Also, some may acquire expensive hobbies, like 3x week golf. But, that can be done at a public course or a club, with the latter being multiple times more expensive. [/quote]
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