Skip to main content
No. of Recommendations: 2
For us the real question was how much money would we need?

And on some levels that is the question for most people. Right now you are spending X. Some of that hopefully is going into retirement saving. Some is for stuff that is work related. Some things like maybe health insurance can cost more in retirement. Obviously knowing what you spend money on is really helpful in determining what your retirement costs will be.

For most people, it is possible to downsize and/or move the a lower cost location - that will affect the retirement financial issues. We thought we would seriously miss stuff in the downtown parts of Atlanta when we moved 45 miles outside in December 2017. The only thing we really miss is restaurants. And when that itch gets bothersome, we can drive into town.

Once you have enough funds to live, then you are working only because you want to. So to address the specific question you raise, do you want to work for the next 10 years? If not how about the next 10 months? Or 10 days.
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.