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Subject:  Re: You need 135% of your salary in retirement? Date:  9/15/2011  6:34 AM
Author:  hockeypop Number:  69587 of 88764

We are spending a little more in retirement than we did when working.

As with anything, it depends what you're counting. Since the kids have largely left we're saving 30% or more per year for retirement (is that an expense?), and probably spending no more for better vacations because of the savings of not buying extra tickets or rooms for the kids every time.

After you take OUT working expenses and add back IN more healthcare and non-business aided travel, I'm budgeting for about what we're spending now minus the savings, figuring that any additional expenses in the future will be covered when the mortgage is paid (we're on a 10 year mortgage while working).

So Goofy, I guess it depends on what you mean by "spending."

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