Reply to What do you say to someone who asks about how much money you have saved for retirement?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]
The conversation about money is important.  If someone asked us how much money we have saved for our retirement ...our answer would certainly include things like -

- We hope to continue to age in place for as long as we can.  There will be some cost for maintenance and modifications with our present home. 
- We are not very sure if social security will remain or be reliable so our calculations does not include it. 
- We are worried about healthcare costs.  We have disability and long term care insurance. We also wonder about the cost of having a health aide. 
- We have to concurrently save for college and other higher education costs for our 2 children. 
- We feel that we would like to have at least $175K (pick a number) earnings from interests in present day costs  each year once we retire to live comfortably if not lavishly.
- We hope to only have one car, no mortgage, no college costs - once we retire.  
- We hope to go on 4 vacations a year, each costing no more than 10K for the two of us. So that is an additional $40K.
- We hope to gift our children $x tax-free every year. That is an additional $y. [/quote]

They don’t want to know about your hopes, they want to know what you’re worth.[/quote]

Well, we will use the opportunity to give them all the  info that they don't want and also bore them with our hopes and dreams. Hopefully, it will encourage them to skadaddle from there without finding out our retirement savings.[/quote]

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