Reply to Middle-class, reasonable, not extravagant retirement plans

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]

You are wealthy, not middle class.[/quote]

They may or may not be middle class, but one thing is for sure that makes it harder to suss out—they’re old. DW is 62–this is a far older couple than are typically reporting net worth on DCUM. They may have been earning under $125k combined and have this level of savings at this age if they were aggressive savers throughout. On the other hand, they may have a $500k HHI and have been frittering it away. I would call that more stupid than wealthy but the point is—it would have been a very different path to this result than an aggressive saver’s lifestyle.[/quote]

Yes, we are very aggressive savers. We have a HHI of $200k (which in our VHCOL area is very middle class) and max out our 401k/SEP/Roth, etc. Not having kids helps in the savings department, but we have supported our parents and siblings extensively over the years. We are NOT counting on them for our retirement, so that lit a fire for us to make sure we have the money for any care we might need. [/quote]

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