Comments on: Spend Less In Retirement? http://www.consumerismcommentary.com/2005/07/18/spend-less-in-retirement/ A premiere personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Sat, 21 Nov 2009 16:42:00 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: montyloree http://www.consumerismcommentary.com/2005/07/18/spend-less-in-retirement/#comment-649 montyloree Tue, 19 Jul 2005 17:41:20 +0000 http://wp.consumerismcommentary.com/?p=397#comment-649 This is an interesting point. I find that most people who have lived a full and productive life and have owned all of the usual stuff don't really want to start purchasing and doing a whole bunch of new things on a regular basis. As you get older you naturally lose some of that youthful energy. Although you might travel more, you'll probably do so only a few times per year. As well, when you're older, all of your assets should be paid off. You should have paid for all of your household items. Seniors probably don't really need to purchase that much. It is important to save for retirement. I'd be interested to read more about what seniors are saying about how they spend their money after they retire. <a href="http://money-maturity.blogspot.com" rel="nofollow">Financial Maturity Blog</a> This is an interesting point. I find that most people who have lived a full and productive life and have owned all of the usual stuff don’t really want to start purchasing and doing a whole bunch of new things on a regular basis.

As you get older you naturally lose some of that youthful energy. Although you might travel more, you’ll probably do so only a few times per year.

As well, when you’re older, all of your assets should be paid off. You should have paid for all of your household items. Seniors probably don’t really need to purchase that much.

It is important to save for retirement. I’d be interested to read more about what seniors are saying about how they spend their money after they retire.

Financial Maturity Blog

]]> By: Jose http://www.consumerismcommentary.com/2005/07/18/spend-less-in-retirement/#comment-648 Jose Tue, 19 Jul 2005 13:40:51 +0000 http://wp.consumerismcommentary.com/?p=397#comment-648 I prefer to save as much as I can for retirement. About half of it goes into tax-sheltered accounts, and the other half into taxable accounts. The worst that could happen is that I will have to retire early. Ohh well. I prefer to save as much as I can for retirement. About half of it goes into tax-sheltered accounts, and the other half into taxable accounts.

The worst that could happen is that I will have to retire early. Ohh well.

]]> By: Flexo http://www.consumerismcommentary.com/2005/07/18/spend-less-in-retirement/#comment-647 Flexo Mon, 18 Jul 2005 22:26:03 +0000 http://wp.consumerismcommentary.com/?p=397#comment-647 It's great to allow your money to continue to grow while you're growing old, but if you can't use that money, there's no point in growing it. Yes, you can pass it down to the next generation but not without substantial taxation. You might as well use the money when you're alive. But the future is uncertain and I agree; it's much better to be safe than sorry, to use yet another cliché. It’s great to allow your money to continue to grow while you’re growing old, but if you can’t use that money, there’s no point in growing it. Yes, you can pass it down to the next generation but not without substantial taxation. You might as well use the money when you’re alive.

But the future is uncertain and I agree; it’s much better to be safe than sorry, to use yet another cliché.

]]> By: Hazzard http://www.consumerismcommentary.com/2005/07/18/spend-less-in-retirement/#comment-646 Hazzard Mon, 18 Jul 2005 21:39:34 +0000 http://wp.consumerismcommentary.com/?p=397#comment-646 What lies ahead in each of our financial futures is unknown. That's a pretty big risk to our financial well being later. To suggest that we could be over-planning for this risk and be saving too much seems ridiculous. The fact of the matter is that a majority of people in this country are under-planning to an extreme. Those of us that are actually putting effort in to mitigating the risk of the unknown are just going to be better off. Besides. You can never have too much money. Worst case scenario: You'll just have more money making money for you. Hazzard <a href="http://elym.blogspot.com" rel="nofollow">http://elym.blogspot.com</a> What lies ahead in each of our financial futures is unknown. That’s a pretty big risk to our financial well being later. To suggest that we could be over-planning for this risk and be saving too much seems ridiculous. The fact of the matter is that a majority of people in this country are under-planning to an extreme. Those of us that are actually putting effort in to mitigating the risk of the unknown are just going to be better off. Besides. You can never have too much money. Worst case scenario: You’ll just have more money making money for you.

Hazzard
http://elym.blogspot.com

]]> By: Nikki http://www.consumerismcommentary.com/2005/07/18/spend-less-in-retirement/#comment-645 Nikki Mon, 18 Jul 2005 19:41:51 +0000 http://wp.consumerismcommentary.com/?p=397#comment-645 With the rising cost of healthcare (a cliche if I've ever heard one), retirees will need more than there last salary even if they cut their lifestyle. Not to mention items like leisure travel, grandchildren expenses, and philanthropy. With the rising cost of healthcare (a cliche if I’ve ever heard one), retirees will need more than there last salary even if they cut their lifestyle. Not to mention items like leisure travel, grandchildren expenses, and philanthropy.

]]> By: Kevin http://www.consumerismcommentary.com/2005/07/18/spend-less-in-retirement/#comment-644 Kevin Mon, 18 Jul 2005 18:29:52 +0000 http://wp.consumerismcommentary.com/?p=397#comment-644 Do retirees spend less than could spend, or do they spend less as that is all they have available? Do retirees spend less than could spend, or do they spend less as that is all they have available?

]]>