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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP Here - thanks for the responses.  I will respond to individual posts but in generally I believe it's smart to think about these things.  It's not grubby or anything like that.

but some background.  my wife and I save.   I like to save more than she does.

[b]We are 50 years old and have $9-10MM in investable assets and $2MM in Real estate equity. Our HHI income is on the order of $500-700K depending on the year.

She wants to completely spend our HHI each year now.  Does not want to save anymore.[/b]

Is she being reasonable?  Normally I say no but not so sure anymore.

Two sets of parents.  1 of them aren't in the greatest shape and i could see a decade of memory care for both of them.  My haircut assumption is $2MM in that case.  The other set is healthier and really need to be planning on another 15-20 years.  So who knows on that one but i haircut that to be $2MM as well.

In retirement we want to be able to spend exactly (if not more) than we spend today.

Normal retirement planning says withdraw 4% a year.  so, in our case that would be 400k.  we are about 100-200k short.  Hence save is my view.

Wife view - expenses go down so today's life style costs alot less without expenses for kids.   And 4% of some value for the inheritance gets us to the 100-200k number anyway.

is she correct?

p.s. we are very lucky.  historically we have lived below our means.

[/quote]

I mean that's a very very high amount of spending.  While you have high assets, that's not going to support spending 700k/year for long.  So what is the plan when you retire?

There has to be a happy medium here.  Sure, you have a lot saved but not enough to have extremely high expenses.[/quote]

OP here - agree and lots of moving parts have to mentally/financially figure out.  some items we have discussed
[b]1) Spending on kids will dramatically decline post college.[/b]
2) the early years of retirement spending is probably high (travel is expensive) then tails down till very old and need medical care
3) Life is short, enjoy the money today.
4) outsource all not enjoyable items - laundry, cleaning are two easy examples.  [/quote]

You haven't been reading here long, have you? That's reasonable, to be sure, but many of your peers won't be doing this. Have you seen what people are paying for? Condos, weddings, trips, $$$$$$, etc. [/quote]

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