View Single Post
  #6 (permalink)  
Old 05-01-2020, 06:21 PM
AZRWinger AZRWinger is online now
Conservative Sage
Join Date: Mar 2010
Location: Scottsdale, AZ
Posts: 18,895
Thanks: 12,383
Thanked 13,360 Times in 7,784 Posts
Send a message via ICQ to AZRWinger
Default Re: Why do so many assume that retirement means settling for less income?

Originally Posted by pjohns View Post
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.
You are making assumptions. Many people use their homes like an ATM refinancing when they want cash. The mortgage never gets paid off. Obamacare reset the age standard for independence to 26 but it can be later still.
If Democrats were confident their nominee actually received more than 80 million votes they wouldn't have more troops occupying Washington, DC than Lincoln had defending the city during the Civil War. Not Joe Biden, Kim Jung Biden.
Reply With Quote