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Old 05-08-2011, 05:11 PM   #61
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If I live to my 90's and have a good stash, I'll expect my private nurse to attend to me in her French maid's outfit while she gives me my daily sponge bath.
What does she wear now?
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Old 05-08-2011, 05:29 PM   #62
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What does she wear now?
Diapers.
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Old 05-08-2011, 06:13 PM   #63
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Part of the answer for most will be what kinds of income streams they will have at the start of retirement and which will kick in along the way. I will retire in a bit over 1 year from now but will only have my Naval Pension at that time. But over the next 7 years, various other things kick in (SS for both of us) and various other things drop off (mortgage, college for kids, etc). So I intend to dip deeper into my investments, 401K, Roth in the early years with the knowledge that our double SS and Naval Pension later will pretty much cover all of our basic expenses. Plus in 10 years will probably sell the house and move into smaller digs.

So why suffer with a 4% withdrawal number early on when we are young and can do things when at 80 will still have more than enough $ to sit around in rocking chairs?......
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Old 05-08-2011, 06:41 PM   #64
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Diapers.
Oh, nicely done!
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Old 05-08-2011, 07:12 PM   #65
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Yep, a good one!
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Old 05-09-2011, 12:23 PM   #66
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My budget projections have my overall spending just increasing for inflation, but the buckets change over time. For the first 10 years of retirement (from 57 to 67), my projected travel budget is large, and my medical budget increases by some larger-than-inflation percentage. After that, my travel budget starts to go down, but my medical costs go up. It kind of gets at this idea of spending for pleasure early.

I have seen it both ways in my own family. When my parents retired at 57, they traveled quite a bit and did more things. Now, at 74, they still play golf and have quite a few hobbies, but they are home most of the time. Their general living expenses are much lower than 10 years ago.

My aunt and uncle are different. They also retired early. For years, my aunt worried about money and didn't spend much. They traveled in their RV around the country for a few months every year, but did that fairly cheaply. About 4 years ago, we went on a cruise to Alaska and they LOVED it. They have since been on 4 other cruises (including one in Europe and one that went from the US to Australia), and she went with girlfriends to Italy. At 70 (with my uncle being 84 and starting to show signs of Alzheimers) my aunt is realizing that they may have only a few travel years left, and after scrimping for years, she also realizes they have the money to do it.
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Old 05-09-2011, 01:30 PM   #67
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Diapers.
Actually, she is yet to be born conceived ...
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Old 05-09-2011, 01:34 PM   #68
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Diapers.
Why, that's what you'll be wearing when you're using her services!
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Old 05-09-2011, 05:38 PM   #69
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Why wait till retirement to travel?
We have traveled quite a bit while working... but squeezing it into one or two weeks.


Now we can take one, two, or even 3 months if we want.
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Old 05-11-2011, 08:13 PM   #70
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A few years ago while out with friends my wife came up with 'dessert island' - you're trapped on dessert island and only get one dessert - what would you choose?

I always vote for peach cobbler with vanilla ice cream.
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