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Reply to "How much do people have saved for retirement?"
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[quote=Anonymous][quote=Anonymous]A law firm partner who insists they need millions and millions of dollars in retirement so they can fund . . . Disney cruises. I’ve heard it all. [/quote] Not PP but I do not think that was the point. Point was he/she wants a lot of money for travel in retirement. People were saying that was dumb and PP is just pointing out that he/she does it now and wants to do it then. Pretty valid point. I agree that expenses for two of my friends that retired did not go down and in fact went up for both. Neither had a mortgage for the 15 or so years before retirement. But they were going out to eat more at quite nice places and travelling a lot more. My thought is that maybe you get a reduction in spending but you need to look really hard at it before you base your retirement on it.[/quote]
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