Quote:
Originally Posted by dcstep
Good advice EXCEPT, at 78, I'm not planning to slow down at 80.
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That is awesome! Well done.
Obviously, everyone is different. Many will be dead before 80. Many will be like you. But most will start to slow down (spending wise) around there, give or take.
The main point for this is that you can force yourself to over-save or delay retirement too long if you plan to spend heavy as soon as you retire (travel, etc.) and plan to live a long time, and plan to keep spending heavy the whole time. The data show that very few people do this and most folks if they live long enough spend heavy from retirement to 75 or 80 (ish), then spend less, then spend more again as medical expenses rise in the last few years.