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Reply to "Retirement Saving Benchmarks"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]My 2 largest expenses by far are my kids’ private school and my mortgage, both of which will be gone when I’m in my early 50s. I’m not sure why I would project those expenses going into my retirement. If I’m anything like my own parents my expenses will go way down in retirement.[/quote] My parents expenses haven't gone down that much. The mortgage is dwarfed by increases in property taxes/insurance premiums with house appreciation and the memories of private school were distant memories by the time they were retired. They travel a lot more and spend a lot more on healthcare. [/quote] By contrast, my dad spends almost nothing in retirement. [/quote]
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