Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "How much do people have saved for retirement?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][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] +2. I don't expect expenses to decrease at all for several reasons: 1. health insurance costs until medicare kicks in 2. more "entertainment" costs such as traveling/hobbies [b]3. vacation as a family including kids/grandkids when they have families of their own[/b]. I also think that we may spend more than we currently do. Glad someone else spoke up. [/quote] Are you expecting to pay for all your adult kids and your grandkids? I think I'd expect my adult kids to pay their fair share if they're employed and have their own families.[/quote] Yes...I do pay for my adult kids and grandkids. My kids don't have the disposable income to travel the way we travel. What good is a pile of money of you can't share these wonderful experiences with the people you love most? The pandemic was a blessing. Everyone working remote and school remote we did some travel of a lifetime as a family. Our kids could have never afforded the flights, nor the logistics of a trip with nobody to help with the kids during the day without out money and time. [/quote] My kids are lazy. I have no intention of paying for them and their families to vacation (!), with or without us.[/quote] Yeah, we're not desperate enough to pay the kids to spend time with us either... we raised them to pay their own way as responsible adults.[/quote] Yeah it is not about this. It is about letting them use their money to do other things. [/quote] You can rationalize it if you want, but you just prove my point. Your kids rather use their money to "do other things" instead of spending it on being with you.[/quote] DP: Every couple of years my parents will pay for the majority of expenses for a big family get-together. It's important to them to get all the kids in one place at one time since we live all scattered about the US. It's hard enough to orchestrate our schedules to match it when they do plan and pay for it--I can't picture it happening otherwise. But their putting the money and planning into it reminds us of its importance to them and makes us make it happen. We're always glad when we do it (and there's still a lot of work/expenses involved in getting time off work, a dogsitter, travel costs of driving there if we don't fly.), but I can't see it happening otherwise. They tend to alternate where it's held so that people on one coast can easily drive and then they buy the flights for those on the other coast. They have the time and the money but I don't feel like it's them paying us to spend time with them--we go and visit when we can and pay for that. But it's about the only way they could reliably get everyone together at once. If they couldn't afford it and expressed to us that they wanted this to happen, we would probably make it happen but it's a big lift.[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics