I can say I don’t quite make that a month but there is no way in hell it’s a lifestyle. I live in the highest cost of living area in the country (top 3). I have a large house, two kids in private school and money flows out like a waterfall here.

I will move back south as soon as I hit that resignation button in 15 years. I won’t have a huge mortgage, no kids in private school or college and will be only supporting myself and my wife if she decides to move back south with me. Otherwise I’ll be supporting my wife (see what I did there).

Big assumption that somebody making great money isn’t going to 100% have a different lifestyle in retirement. Yes that is a general statement as some have a lifestyle they currently support through debt and probably won’t adjust in retirement but a lot of us will make huge adjustments (not sacrifices) in retirement.

1 ...

Report Post

Posted by NBR_Exile

Houston via Baton Rouge

Member since Jul 2012

1007 posts

Posted on 3/27/23 at 6:30 am to Im4datigers

quote:
Big assumption that somebody making great money isn’t going to 100% have a different lifestyle in retirement. Yes that is a general statement as some have a lifestyle they currently support through debt and probably won’t adjust in retirement but a lot of us will make huge adjustments (not sacrifices) in retirement.

I concur with this statement. We made big money (my wife way more than me) during our peak earning years. 30k a month was normal for a decade or so. Yes we had some expensive tastes (beautiful house in the city, private school for our 2 sons, chunky travel, luxury cars etc) but we saved and invested diligently. We set a number of 100k/year income requirement for retirement because it was a round number. Unfortunately she passed 3 years ago, I retired then because I had enough to meet the number and now spend well under the 100k annually.

1 ...

Report Post

Money Talk - Replies to Post

Return To Board

Page 1

Return To Board