I am within a couple of years of retirement with no spouse or kids. I have always planned for this (I have LTC, living will, and, most important, amicable relations with nieces and nephews.) But now I am nearing more decisions
One thing I cannot find any web information on is how to structure retirement income when one is NOT planning to leave an estate. My nieces and nephews are better off than I am, and, in any case, I think I will need most of my money myself. I have charities named as beneficiaries for most of my estate, but I really don't plan to leave much! Firecalc calculates me leaving more money than I want, but of course you can't take that as a given.
Anyone know of website information for this situation? I do searches for "retirement planning when not wanting to leave an estate," and similar searches, but I am always looped back into planning for leaving an estate.
Advice for the "spend it all" category?
One thing I cannot find any web information on is how to structure retirement income when one is NOT planning to leave an estate. My nieces and nephews are better off than I am, and, in any case, I think I will need most of my money myself. I have charities named as beneficiaries for most of my estate, but I really don't plan to leave much! Firecalc calculates me leaving more money than I want, but of course you can't take that as a given.
Anyone know of website information for this situation? I do searches for "retirement planning when not wanting to leave an estate," and similar searches, but I am always looped back into planning for leaving an estate.
Advice for the "spend it all" category?