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Money and Finances
Reply to "What are (or were) your parents' net worths?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]They retired at 65 with 2mil. Now 89 with 1mil left. [/quote] What are the expenses during that 25 years?[/quote] Expensive living. New cars, lots of travel, and a lot of magical thinking. We won't live that long, it will work out, you only live once. And they give me grief for feeling the need to save aggressively and budget. [/quote] Well they are correct. If they managed to spend 1mil over 25 years doing "expensive living," they will be able to make the remaining 1M last over 20+ years as well. How long do you think your parents are going to live for? I would only be concerned if living past 110 runs in your family. Or do you think your parents are going to travel at age 105 even more extensively than they did at age 70?[/quote]
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