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Reply to "How much do you need for an UMC retirement?"
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[quote=Anonymous]I can't see us getting by under $300k annually in early retirement. Budget includes: - Property taxes ($20k +) - Insurance: Health, dental, property, umbrella - Club membership dues - Travel: We want to take big trips while we can afford it. - Life: Food, utilities, car - Sports equipment (spend a lot between bikes, skis and golf clubs) It does not include gifting money to kids over 22 and done with undergrad, other than offering them a lump sum toward their wedding. DH has expressed an interest in doing more, in which case those funds are coming out of DH's retirement account, which will be his trade-off. [/quote]
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