Originally Posted by
Roger
Quite right and its good to make a solid contribution to society no question about that. You forgot to include dog breeder :) Satan who cares, just look at it drive it and listen to it...there's even room in the boot for my three dogs, game over, I rest my case...wish the wife would come home and I can start to go to work on convincing the one that I have learned it is best not to argue with lol
On a serious note hopefully I've given some encouragement to those that are either late starters or non starters on their retirement plans and from the illustrations provided shown there's more than one way to skin the retirement cat. Others may take the view that they're happy to sacrifice some enjoyable activities in their 30's, 40's, 50, and 60's so that when they're decrepit lying in some nursing home / dementia ward in their nineties they can be sure they can afford the best available health care.,..(if they get to their nineties) and I say all the best to you if you want to live life that way but for my money I think talk of people needing $5m - $10m at retirement to be sure of the best care is living life backwards and you're priorities are skewed all wrong...it seems a bit outrageous that a conservative bean counter would suggest living life to the fullest doesn't it :D
As in all things finding the right balance and moderation is the key. Leaving aside as a separate issue one's altruistic tendencies and one's desire to leave stuff to their kids, when its all said and done investment is merely deferred consumption. How can anyone be sure they'll even live until they're 80 or later so why defer so much consumption until you're too old to truly enjoy it ?
I've seen people in their 50's with millions driving around in ****ty old cars and dressed in cheap clothes, too scared to buy a decent car / boat or holiday home, trapped in their own sense of insecurity, its crazy !!