Reply to Middle-class, reasonable, not extravagant retirement plans

Forum Index » Money and Finances

Reply to "Middle-class, reasonable, not extravagant retirement plans"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous]
I would have LOVED if my parents had moved in with us.  We have a huge house for just DW & I and parents who lived thousands of miles away in Florida. When they got older and developed health problems, we had to keep flying down to help take care of them, which was really hard.  We begged them to move in with us and would have loved for them to have spent their last years in our home.

[quote=Anonymous]

What are your normal person retirement plans? What are the best choices you feel you've made in this respect? Any regrets? What worries you most? Are you moving to a lower COL area or hoping to retire in your home once it's paid off? Does social security factor into your plans? How do you plan for end-of-life care? Will you have enough to do some of your bucket list retirement goals, like travel or being able to help pay for grandkids to go to college?[/quote]

We are about 8 years away from retirement in a HCOL area with very high property taxes.  We have saved about 1.5mil and are aiming for 2.3mil. No pensions. I think it'll be plenty for our bucket list of travel, but my DW fears we'll need more for end-of-life care, since we don't have kids. We both are also OK going to somewhere that will help us shuffle off this mortal coil if we have a diagnosis that seems bleak.

My spouse plans to work until 70 and do p-t work until she doesn't want to anymore.  I plan to retire when she hits 70 (I'm 6 years younger) or taper to part time work sooner if possible. My FT job pays for our health insurance, so I'm trying to keep working as long as possible to hold on to that or at least until my spouse hits 65.

We have a mortgage now and will downsize to a smaller home without a mortgage with slightly lower taxes when we retire. We love our area and would rather be in a smaller house here than a bigger house in a LCOL or MCOL area.  Our friends are here, the culture and food we love is here, the access to great airports is here, and -- most importantly -- the access to world-class medical care and top specialists.  [/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