re: Retirement Income Goals for planning purposes.

quote:

---

That’s just life, either save more now or spend less later. There’s no other way.

---

What you say seems close to Dave Ramsey's financial philosophy, and that's a good thing.

Isn't Dave Ramsey's Plan the most astute, though, for most people? Just spend less or spend moderately and SAVE. That's the best plan for Retirement Planning and Retirement LIVING, it seems to me.

I go back to the "Dad and Mom Need to Go Live in the Nursing Home" contingency -- that contingency is LURKING out there, you never know the exact year it might become reality and, if it becomes reality, you'll need MORE money for that contingency that you'd ever expect, so, spend less and save more NOW.

This is "Financial Planning for Dummies" - spend less, save more. Maybe that's the best plan for me and for many others.