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Reply to "When does contributing to your portfolio start to feel pointless?"
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[quote=Anonymous][quote=Anonymous]Most financial planners say you can expect a return of 7-9%. We are retired and we were always pretty aggressive savers but we never starved ourselves in order to save aggressively. We did live below our means but we did live well. Now in retirement we are spending far more on things like a second home, annual gifts to children, 529 plans for grandchildren, charity and travel. Our annual spending in total is likely in the high six figures which is pretty crazy but our net worth grows by well more than that which is also crazy. Yes, a market correction could be painful but we keep enough in cash type accounts to cover two years of a downturn. If we were still working we wouldn’t stop saving once we reached a “number”, we’d just keep at it. [/quote] What's your net worth? I wonder at what point making annual gifts to kids and funding grandkids’ 529 plans is in play. $10m? [/quote]
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