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[quote=Anonymous][quote=Anonymous][quote=Anonymous]By the time we would have retired, we would have paid for
- college, masters, professional schools for both kids
-  their weddings  for around 200K each.  
-   our mortgage (currently 200K left on a 800K house)

In retirement we would have -  2M in our savings and investments  and  200K pension.

Here is what we will use the pension for -
- our living expense, home and car maintenance, taxes, insurance, travel.
- annual max gifts to our children
- help with down payment for homes for our kids. 
- some money for our grandkids college education
- Outsourcing chores and services for ourselves and our children when our grandkids are young.

Here is what we will not use our pension for -
- pets
- 2nd vacation home
- Travel expenses with our children for family travel
- Sports cars
- Jewelry
- Yacht or boat
- Swimming pool

[/quote]

Ok to pay for the swimming pool...best exercise when you get old, saves you tons of $$ in healthcare[/quote]

But you can easily move to a retirement or any community with a pool and pay $200/month for access and none of the stress(or insurance or other costs) of having one.  [/quote]

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