[asianthree]

Originally Posted by maryanna630

Has anyone thought of renting in retirement instead of buying? We have just sold our house in Mexico and have cash. We always owned but are not so sure this is still the best thing. Living in Mexico for more than seven years, we have lost the consumerism and learned the joy of living a simple life. I am sure we will experience culture shock when we move to TV.
All opinions would be welcomed.

I would rent in different areas first. Before you buy. This is such a large place make sure you are where you want to live. It will run you$12,000 and up per year or less if you rent out of the bubble.

[patfla06]

Originally Posted by Challenger

Right on. but need not be so . Most of us have far more than we need and the excess could be the basis for a very comfortable retirement.

Most homes= way too big
Investment in electronics excessive
At least two cars - new every few years, and far bigger than needed.
3,4,5 tvs and unused cable add ons
Cigarettes and alcohol( at $8-10) per glass when eating out for the 4th or 5th time each week.
Rip off Gym memberships.
Giant popcorn and soda at movie ($15-20)

For most( but not all) there are adequate funds for a reasonable retirement.
We can't protect folks from their own excesses.

Give me time to put on my Kevlar!!!

You are absolutely right!
I am guilty of this as everyone.
It took selling our house with 30 plus years of accumulation
to make me want to live a more simplified life.

The biggest lessons I learned from my former life:
1. Not to live in a house that is large and takes a long
time to sell.
2. Define the difference between a NEED and a WANT.
Just because you can "afford" something doesn't mean
you need it or should buy it.
3. No more accumulation of "STUFF."

[Villages PL]

There are 53,364 centenarians in the U.S. today. That's according to the latest Census Bureau figures.

My "agenda" is similar to this thread's agenda. I want people to enjoy the best possible retirement. So, in my opinion, money and health are both essential to a successful retirement. You don't want to live a long life with no money, where's the fun in that? But, on the other hand, you don't want to be wealthy without the health you need to enjoy it. Where's the fun in that?

At 74, I'm saving over 75% of my retirement income because I feel I have many good (happy) years ahead of me. I feel the extra savings is warranted because markets go up and down and taxes may go up to pay for all those who haven't saved.

As far as the other part of the equation (health) I'm eating the best possible diet that I know how to eat. No junk-food is a big part of it and veganism is the ideal that I aspire to, and that's the way I eat most of the time.

[sunnyatlast]

Originally Posted by Villages PL

There are 53,364 centenarians in the U.S. today. That's according to the latest Census Bureau figures.

My "agenda" is similar to this thread's agenda. I want people to enjoy the best possible retirement. So, in my opinion, money and health are both essential to a successful retirement. You don't want to live a long life with no money, where's the fun in that? But, on the other hand, you don't want to be wealthy without the health you need to enjoy it. Where's the fun in that?

At 74, I'm saving over 75% of my retirement income because I feel I have many good (happy) years ahead of me. I feel the extra savings is warranted because markets go up and down and taxes may go up to pay for all those who haven't saved.

As far as the other part of the equation (health) I'm eating the best possible diet that I know how to eat. No junk-food is a big part of it and veganism is the ideal that I aspire to, and that's the way I eat most of the time.

The phrase highlighted in yellow is guaranteed and it's not only to pay for those who haven't saved, but for those who are not working and paying taxes before retirement. They've put their full faith and trust in campaign promises. Not a wise way to live.

Your way is wise. (But what others eat is a very personal decision.)

[B767drvr]

Originally Posted by Villages PL

There are 53,364 centenarians in the U.S. today. That's according to the latest Census Bureau figures.

My "agenda" is similar to this thread's agenda. I want people to enjoy the best possible retirement. So, in my opinion, money and health are both essential to a successful retirement. You don't want to live a long life with no money, where's the fun in that? But, on the other hand, you don't want to be wealthy without the health you need to enjoy it. Where's the fun in that?

At 74, I'm saving over 75% of my retirement income because I feel I have many good (happy) years ahead of me. I feel the extra savings is warranted because markets go up and down and taxes may go up to pay for all those who haven't saved.

As far as the other part of the equation (health) I'm eating the best possible diet that I know how to eat. No junk-food is a big part of it and veganism is the ideal that I aspire to, and that's the way I eat most of the time.

Great post VPL!