Quote:
Originally Posted by AZRWinger
To the extent people develop a financial plan for their retirement at all the projections for full income replacement require far too much sacrifice from current income.
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The goal, however, need not be "full income replacement." That is because in retirement, there are far fewer expenses than previously existed: Presumably, the mortgage will have been paid off, for example.
And the kids will have grown up entirely; so there is no further need to pay (or even help pay) their college tuition.