My viewpoint is to spend enough in that you don't deny yourself too much but save enough for a major expenditure. It's worked so far for me.
I will spend more once I'm retired on travel but I will adhere to the 4% rule for the mandatory withdrawal rate. That will suffice as my needs are fairly simple to satisfy.
I think all seniors want to leave something for their children so I will hopefully leave something of value other than memories.
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"It doesn't cost "nuttin", to be nice".  MOM
I just want to do the right thing! Uncle Joe, (my hero).
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