Spending doesn't decline in retirement

[Charlottesquare]

Lootman,

As normal you go down bag ends.

As I said, 'nuff said.

Eb.

I have no idea what your cute little idiom means nor what you think it means. I was merely correcting your factual errors "as normal". But I would recommend carrying around less anger with you. And drinking less on flights.

Bag End singular is explained here:

https://lotr.fandom.com/wiki/Bag_End

[Eboli]

Charlottesquare,

Yes. But as Tom Shippey once noted I came from the end of a bag, but no bag came over me. I was noting Tolkien's pulling of a pun about the use of French terms in English at the time Lord of the Rings was written. In my case it was a dig at Lootman's capacity to lead me (and perhaps others) down endless cul de sacs. As I said, 'nuff said.

Eb

[Lootman]

In my case it was a dig at Lootman's capacity to lead me (and perhaps others) down endless cul de sacs. As I said, 'nuff said.

A horse can only be led to where it is willing to be led.

And I don't think you quite understand the meaning of "'nuff said".

[MDW1954]

Moderator Message:
If this thread doesn't get back on-topic, I shall close it. --MDW1954

[vand]

Another post on the topic:
https://www.kitces.com/blog/estimating- ... ing-smile/

Some interesting charts here detailing spending changes between 65-75 for difference groups:


This makes intuitive sense: the group experiences the largest jump in spending is the group who have a high net worth compared to their spending level - they can afford to loosen their belts a little. The rate of increase slows down as they get older, but it never goes negative - they continue increasing their spending throughout this decade.

The other groups' spending/net wealth balance does not afford them such luxury.

The group to avoid is the opposite group - "low net worth/high spend" - their spending takes a dive at the outset and keeps falling throughout the decade!