Katsmeow
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Jul 11, 2009
- Messages
- 5,308
This "study" is terrible. Basically the main point is that 77% of retirees found that general living expenses went up after retirement. There is no indication of how much they went up. In fact, the article seems to be including ordinary increases due to inflation. I mean that doesn't seem like much of a newsflash. Also living expenses went up relative to what? Pre-retirement overall expenses, some specific pre-retirement expenses or more than "expected" expenses or was it more than expenses where in Year 1 of retirement.
To put it in perspective, DH retired in 2010. Our overall expenses are way less than they were pre-retirement (less than half) but at the same time some general living expenses have increased and overall the increase is a little more than I would have expected. That said, none of it has jeopardized our retirement in the least particularly given that our investments have performed far better than we anticipated.
The other funny thing is it said that 91% of people with an annuity had a positive or neutral opinion about annuities. That isn't surprising but it showed that over 50% had only a neutral opinion which seems kind of bad given that these are people who actually have annuities.... NOt a ringing endorsement.
To put it in perspective, DH retired in 2010. Our overall expenses are way less than they were pre-retirement (less than half) but at the same time some general living expenses have increased and overall the increase is a little more than I would have expected. That said, none of it has jeopardized our retirement in the least particularly given that our investments have performed far better than we anticipated.
The other funny thing is it said that 91% of people with an annuity had a positive or neutral opinion about annuities. That isn't surprising but it showed that over 50% had only a neutral opinion which seems kind of bad given that these are people who actually have annuities.... NOt a ringing endorsement.