Reply to Why are people obsessed with putting $$ in retirement?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote]The average person doesn't expect to eat a nice dinner out once a week and travel multiple times a year, either.

This really sums it up. There are things I want to do when I retire, many of which cost money. Some of them I do now (eat out, sometimes at nice places, sometimes at fast casual places, sometimes at really expensive places), travel, ski, drink good booze; some of them are waiting for retirement (month-long trips to Asia and/or Australia, perfecting the perfect smoked brisket, season tickets to the Nationals, subscription to several local theaters). If the sum total of your goals in retirement is to hike, grill burgers and chat, that's great for you (and I plan on doing those things too). But I want a little bit more out of life, especially in the early retirement years, and I'm willing to save up to do those things.[/quote]

My parents are both retired and travel to Europe/Asia/Africa at least once a year, plus own a second home in Florida.  They eat at nice places, go to plays, etc.  They don't have 3 million saved - more like a million.  They own both their first and second homes outright.  I'd say you need more than 500K for the lifestyle you are seeking, but not 3 million.  [/quote]

This is NOW. People could also pay for college out of pocket at one time and now that is nearly impossible. Costs rise. [/quote]

Yup. Back in the 1990s I paid for college out of my job waiting tables.  Never took a loan and my parents only paid for 1 year which was 8,000. I had no problem paying for full time school with my part time job. Today? Impossible.[/quote]

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