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Reply to "Middle-class, reasonable, not extravagant retirement plans"
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[quote=Anonymous][quote=Anonymous]What are your normal person retirement plans? Do mean what we will do in retirement? I’ll be focusing on a new type of fun work in retirement and traveling. What are the best choices you feel you've made in this respect? -Maxing out the 401k. -Buying a house I can pay off early. -Revising mortgage from 30 yr to 15. -Living way below my means -Starting 529 the week kids were born Any regrets? Regrets, I have a few. What worries you most? I worry we won’t have enough. A health situation negatively impacted my earnings for many years. Are you moving to a lower COL area or hoping to retire in your home once it's paid off? We will pay off house in 2024. We don’t have plans to move or sell the house yet. Does social security factor into your plans? No. I do not count it. I use FireCalc to estimate. How do you plan for end-of-life care? If I end up with a horrible disease, I will apply to go abroad to be sent on my way with lethal drugs. Will you have enough to do some of your bucket list retirement goals, like travel or being able to help pay for grandkids to go to college? Yes to travel. Probably for college. [/quote] How old are you and what is your planned age of retirement?[/quote]
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