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Reply to "How old are you and what is your HHI and net worth? "
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[quote=Anonymous][quote=Anonymous]18:09, you will need about $260,000 in retirement just for medical costs for you and your spouse. We are done with mortgage and saving for college, but even excluding saving for retirement, we spend $10K a month easily.[/quote] This is 18:09. Curious, other than medical, what are your expenses? How old are you? I assume the $260k figure is medical costs spread for say, a 30-yr retirement period? This is something I'm really struggling to figure out right now because given our current retirement egg and ages, we could arguably afford to cut back a bit in the savings department. But there's a huge fear of the unknown factor. My parents have said they spend far less than they expected, but they have pretty good health care (from the good old days of pensions).[/quote]
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