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re: do these people plan to work forever?

Posted on 1/19/19 at 8:47 pm to
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
119512 posts
Posted on 1/19/19 at 8:47 pm to
quote:

let’s assume living expenses per month run about $8,000 for the average retiree.


Wouldn't $4K be much more reasonable? I don't have 8K in expenses monthly today.
Posted by LSUcam7
FL
Member since Sep 2016
7909 posts
Posted on 1/19/19 at 8:55 pm to
Use whichever numbers you wish. The point is the principal of inflation vs the missing principal of saving. It gets worse as inflation ramps.

$4k is potentially $8k in 2050. Same problem for those who thought they would “plan later.”
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