Poll: FireCalc option for "Bernicke's Reality Retirement Plan" Poll for FIRE crowd
The firecalc reduces speding by 2-3% starting at age 56 though 76 based on Bernicke's Reality Retirement Planning paper.
The paper uses data from 2002 and based on data published by U.S. Bureau of Labor's Consumer Expenditure Survey. I suspect that lot of the data in this survey may not apply to the dynamics and mindset of the FIRE crowd. I also suspect that lot of people spend less in the retirement because they have no choice due to poor retirement planning/funding.
I wanted to poll FIRE community and see what their experience has been? Please comment if the poll options are not adequate and/or if you want to provide more detail. I am looking for responses from your own personal experience as well as that of the people you personally know who had no funding constraints in the retirement.
[EDIT] The poll question is referring to increase/decrease of "Real Spending" (after inflation) and not the "nominal spending".
The firecalc reduces speding by 2-3% starting at age 56 though 76 based on Bernicke's Reality Retirement Planning paper.
The paper uses data from 2002 and based on data published by U.S. Bureau of Labor's Consumer Expenditure Survey. I suspect that lot of the data in this survey may not apply to the dynamics and mindset of the FIRE crowd. I also suspect that lot of people spend less in the retirement because they have no choice due to poor retirement planning/funding.
I wanted to poll FIRE community and see what their experience has been? Please comment if the poll options are not adequate and/or if you want to provide more detail. I am looking for responses from your own personal experience as well as that of the people you personally know who had no funding constraints in the retirement.
[EDIT] The poll question is referring to increase/decrease of "Real Spending" (after inflation) and not the "nominal spending".
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