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Coffee Shop
How much do retired people spend per year
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<blockquote data-quote="Caustic Burno" data-source="post: 1725346" data-attributes="member: 694"><p>The ticket is to retire debt free until you adjust your lifestyle to being retired.</p><p>What usually happens is in the first two years you're hitting that bucket list. That's about the time you realize you can't maintain this pace. You are still going to have expenses just don't have them going into retirement.</p><p>If you draw 100k a year and spend it your going to be in trouble.</p><p>After I retired I really saw the value of Social Security for so many elderly that couldn't manage finances.</p><p>This is all about management, there is no job to get a raise or overtime to make.</p><p>I bought a new 21 Chevrolet Z71 and 17' Mako last year.</p><p>Until this month the Mrs and I were drawing 3K a month from the retirement account. That's not what gets paid into the account. I called this month and told the custodian of the account to increase our monthly payment by 200 dollars.</p><p>Mrs and I still are saving a substantial chunk of our retirement income our account continues to grow.</p><p>You don't know what is coming at you and your earning potential in the workforce isn't good.</p></blockquote><p></p>
[QUOTE="Caustic Burno, post: 1725346, member: 694"] The ticket is to retire debt free until you adjust your lifestyle to being retired. What usually happens is in the first two years you’re hitting that bucket list. That’s about the time you realize you can’t maintain this pace. You are still going to have expenses just don’t have them going into retirement. If you draw 100k a year and spend it your going to be in trouble. After I retired I really saw the value of Social Security for so many elderly that couldn’t manage finances. This is all about management, there is no job to get a raise or overtime to make. I bought a new 21 Chevrolet Z71 and 17’ Mako last year. Until this month the Mrs and I were drawing 3K a month from the retirement account. That’s not what gets paid into the account. I called this month and told the custodian of the account to increase our monthly payment by 200 dollars. Mrs and I still are saving a substantial chunk of our retirement income our account continues to grow. You don’t know what is coming at you and your earning potential in the workforce isn’t good. [/QUOTE]
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How much do retired people spend per year
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