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[quote=Anonymous][quote=Anonymous]I guess it just strikes many of us as unusual that you would feel comfortable with over $1 million in debt when your income is $105K plus c$60K from investments. This debt burden would be high for someone starting their career, let alone someone in retirement.
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OP here:

Why would I be uncomfortable with the debt I have as long as I have the ability to service it without straining my financial resources? I am not sure age enters into it except to the extent that one may need long term care down the line and that would need to be funded. I think that is a legitimate point ...... and that contingency needs to be taken into account in any older person's planning though I am not sure that keeping a substantial nest egg to deal with that contingency is the optimal or only solution.

[quote=Anonymous]Wow.  The craziest thing in this whole thread is that the OP says if she were to downsize, she'd just spend the savings on gifts and donations for her children and grandchildren.

This teaching them to live beyond their means. [/quote]

I think you missed the point. I was not arguing for giving my children money - they are all more than self-sufficient. The point I was trying to make was that we live a very comfortable lifestyle and there is nothing that I can think of that we would want to spend our money on to improve on that life-style. I have owned luxury cars in days gone by ........ still own one. But, and perhaps it is age that causes a change in one's thinking, today I view a car as basically transportation. The same holds true for other vestiges of "success".

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