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Money and Finances
Reply to "How much do people have saved for retirement?"
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[quote=Anonymous][quote=Anonymous]I have lots of friends that have retired. I am getting close. The middle class friends have seen their expenses drop assuming house paid for. Interestingly my UMC friends (sample of 3) all have had expenses stay the same or even increase -- also with house paid off. Why? They say spending more on travel than planned (1) Regularly visiting kids who do not live in this area, and (2) taking more vacation type trips. Also they say they spend a lot on kids when visiting. Not for everyone but that is their experience.[/quote] Bingo -- this is what I was thinking. With kids in school we generally take 1 major vacation per year (summer), and sometimes some smaller trip during winter break. If we were completely free, it would be awesome to take a trips 4-6 times per year. And since you don't need to "conserve vacation days" from work, you could actually do longer trips, where you could explore more. So I would think that travel expenses could definitely be higher than current.[/quote]
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