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|Subject: Re: You need 135% of your salary in retirement?||Date: 9/14/2011 7:25 PM|
|Author: Goofyhoofy||Number: 69584 of 76418|
We are spending a little more in retirement than we did when working.
We travel a lot more because we have the time to. We go to more movies than before because afternoons are open and didn't used to be. We pay our own health insurance now, which is $1200 a month which used to be $200. And we have a $10,000 deductible *each*, which means that cat scans, MRIs, and the like come out of our personal pocket (and have.)
We buy more books, go to more plays, and I certainly spend more at Home Depot than I did when my only free time was weekends.
Other expenses have gone up, but modestly. Property taxes, groceries, gas, utilities are the obvious, but there are others.
Once you figure in commuting time, weekend work, etc. We have an extra 60-70 hours a week to fill. In a week that's 168 hours-56 for sleeping, that's doubling the leisure time, and unless you're going to sit on the stoop and count the Chevys that go buy, you're probably going to spend some dough that you wouldn't have before. Heck, even cooking costs more because now we have the time to try some fancy stuff, where before it was always quick and dirty grub because we were both so tired after work.
All of that said, our lifestyle hasn't changed. We always read, went to plays and movies, etc., just not in the quantity we do now.
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