That you want to live your definition of a simple life isn’t illuminating. Nor is knowing that you have a truck with 200,000 miles on it.In retirement, our plan is to live a very simple life. My truck has almost 200k and it still has a cassette deck.The real question is how much will you need over-and-above your pensions (and any Social Security for which you are eligible) to support yourselves in retirement?
You decided to prioritize saving for retirement, which is following standard financial advice.
But have you calculated how large you nest egg needs to be? That should tell you whether you have any leeway to redirect some of your retirement savings toward college.
If you don’t, then working longer is am option.
The questions are very specific — 1) what are your expected expenses in retirement and 2) how much of those expenses (dollar-wise) will be covered by your pensions and any SS?
Statistics: Posted by delamer — Fri May 10, 2024 9:39 am — Replies 45 — Views 3465