Re: OT- Retirement....

Posted by skycarp on March 10, 2005 at 18:18:00 from (63.77.108.2):

In Reply to: OT- Retirement.... posted by z145fergie on March 10, 2005 at 12:54:32:

I speak from experience as I retired in 2001. You will not need
nearly as much income during retirement as you did during your
working days. 80% is high from my experience. Heath
Insurance and Long Term Care insurance will be an expense you
must plan for. The sooner you sign up for LTC, the less you will
pay per month.

Nothing else will increase at a greater rate for you. You should
spend less as a retiree than you do as a working person. I can
assure you that you will have more money than you can spend,
provided you stay reasonably healthy and have a financial plan
for retirement.

And I can assure you that you will be a happier retired person
than you were when you were working, and that is worth more
than more income.

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