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Reply to "Spending in Retirement"
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[quote=Anonymous][quote=Anonymous]+2 Presumably in retirement I will stop saving and my mortgage will paid off. I understand that I'll still have property taxes, insurance, and maintenance, but my housing costs will drop.[/quote] We already paid off our mortgage and that was a 25% drop in expenses. When I’m not saving for college and retirement and not paying to feed my kids, there’s another drop. Yeah, I’ll travel but probably won’t spend nearly what I put away now and if I buy another home it will be to move and I’ll use the proceeds of my current house so that shouldn’t increase costs. [/quote]
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