Originally Posted By: madRiver
Retirement is typically half last one or two years(average) of paycheck.
I've heard this, and it seems more like legend than truth. Most retirees that I know have car payments, house payments, want to travel to see grand-kids etc and all the things they didn't get to do when they were working.
Still have the same food bills, utility bills, taxes, insurance basic necessities.
That whole you will need less money in retirement is a myth in most cases. IMO
Retirement is typically half last one or two years(average) of paycheck.
I've heard this, and it seems more like legend than truth. Most retirees that I know have car payments, house payments, want to travel to see grand-kids etc and all the things they didn't get to do when they were working.
Still have the same food bills, utility bills, taxes, insurance basic necessities.
That whole you will need less money in retirement is a myth in most cases. IMO