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Reply to "Age, income, and amount saved for retirement? "
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[quote=Anonymous][quote=Anonymous]We’re in our early sixties and have been retired for nearly a decade. When we retired our net worth was about 4.0 million. Now it’s $7.5 million thanks to the market, real estate appreciation and our spending habits. After all this time we finally sat down with a financial advisor. She ran the numbers and told us we have a 99+ chance of a successful retirement into our 90s with a shit ton of money left over. Also advised that we take social now rather than wait and that we don’t look into long term care insurance because we don’t need it. It was a very reassuring meeting even if it did confirm everything that I already knew/thought. [/quote] Thanks for sharing. Reassuring indeed. We have about the same, one retired (59) and the other will work for a few more years. We still have two kids in college so want to make sure that's completed. Do you mind sharing your expenditure profile? How much do you spend every year? travel? Number of homes? Mortgage? etc. Thanks![/quote]
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