Quote:
Originally Posted by PersonOfInterest
Here's the mathematical model. Calculate the number of years until your death. Divide the amount of your assets exceeding living expenses by the number of years you calculated to death. Spend that much.
Sounds like you are going to have a problem accepting spending money in retirement. The alternative is to keep accumulating as you like to do and leave it to your heirs or give it to charity. My personal philosophy is to spend whatever I want to spend on any frivolous thing I can think of that gives me pleasure and enjoyment. When I've depleted the excess assets then I will no longer be able to spend. I'll either die before I've depleted the assets and what's left will go to my heirs, or I'll reach a point where there is nothing left to spend and the heirs will get nothing.
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The problem is that a hardcore saver does not derive pleasure and enjoyment by spending money on frivolous things.