I've hijacked the DW's computer again. DW and I have been discussing our future retirement budget over the past few days. Of course, we can sort of figure out our annual "expected" expenses pretty well. We are currently arguing about how much per year to set aside for regularly occuring unexpected events, such as the relative that needs money, the used car that gets totalled the day after collision insurance is dropped, dentures , etc. I think $5K/year should be enough if the remainder at th end of each year is just rolled into an emergency pot and allowed to build. DW is just unsure.
What are people's experiences with unexpected monetary events in retirement? How are they treated as part of their budgets? What is a good set aside amount over time, what has worked for you? Thanks.
--Greg
What are people's experiences with unexpected monetary events in retirement? How are they treated as part of their budgets? What is a good set aside amount over time, what has worked for you? Thanks.
--Greg