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Reply to "Anyone transition from big pay/big house/big expense to a low cost, simple, yet fulfilling retirement life?"
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[quote=Anonymous][quote=Anonymous]IME, "big expense" parents have a very hard time taking a step back. They don't sell the big house; they rationalize that they need to keep the space to house everyone over the holidays. They build a big expensive 2nd home in retirement. They pay for big weddings. They contribute to down payments for first homes. Very few "big expense" families take a step back. It's not in their nature. [/quote] The "big expense" families that don't step back, very likely have a lot more $$$$$ than you think. So yes, they don't need to step back. They can afford to life an expensive lifestyle, help kids with weddings and college and first cars and first homes, and barely make a dent in their "total net worth"[/quote]
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