Popping my head in here to say how much I enjoy your work, Bec! This is excellent advice. As you point out, the cost of care in our 80s and 90s is the wild card here. And one thing’s for sure: it’s gonna get wilder.
We can’t expect to be paying what our parents are paying. Governments are already getting real about that.
I’m investing in my health in a big way right now in my 60s.
It’s clear: health is going to be as important as wealth.
Thanks for raising the myth, as I hadn't given it proper consideration. I think I may actually spend more initially, taking longer or better holidays whilst I am physically able to do so.
Interesting survey but is it just me, or do the answer choices seem to contradict the question? My answer would have been. ‘ Yes, I expect my spending will increase in the early years of retirement ( and then decline).
Interesting survey but is it just me, or do the answer choices seem to contradict the question? My answer would have been. ‘ Yes, I expect my spending will increase in the early years of retirement ( and then decline).
Interesting survey but is it just me, or do the answer choices seem to contradict the question? My answer would have been. ‘ Yes, I expect my spending will increase in the early years of retirement ( and then decline).
Interesting survey but is it just me, or do the answer choices seem to contradict the question? My answer would have been. ‘ Yes, I expect my spending will increase in the early years of retirement ( and then decline).
Interesting survey but is it just me, or do the answer choices seem to contradict the question? My answer would have been. ‘ Yes, I expect my spending will increase in the early years of retirement ( and then decline).
Interesting survey but is it just me, or do the answer choices seem nonsensical? My answer would have been. ‘ Yes, my spending will increase in the early years ( and then decline).
I enjoy reading your newsletters, and would love to read your articles in full. However, I do not have subscriptions to these papers. Is there a way to read them without needing to go through a paywall?
Yes this is so true. Two years into retirement and the daily cost certainly have not decreased. While there are a few minor savings such as traveling to work they are taken up with increased electric bills etc.
Lots more travel, cuppa on our daily walks, meals out with new friends and house improvements stack up.
It’s all about budget. I am one of those who struggle with the “no income” after a lifetime of earning but my FA says I need not worry so I’ll trust him and hope!
Hi Bec, your article about spending in retirement is the first that I've seen say that, and it's what I suspected to be, and I've only been retired 10 months. But why hasn't anyone else admitted that, instead of the rosy picture paintings. Everything is getting so expensive year on year, added to that the wild swings of where retirement funds are mostly invested these days is making that rosy picture wilt.
Popping my head in here to say how much I enjoy your work, Bec! This is excellent advice. As you point out, the cost of care in our 80s and 90s is the wild card here. And one thing’s for sure: it’s gonna get wilder.
We can’t expect to be paying what our parents are paying. Governments are already getting real about that.
I’m investing in my health in a big way right now in my 60s.
It’s clear: health is going to be as important as wealth.
Thanks for raising the myth, as I hadn't given it proper consideration. I think I may actually spend more initially, taking longer or better holidays whilst I am physically able to do so.
Interesting survey but is it just me, or do the answer choices seem to contradict the question? My answer would have been. ‘ Yes, I expect my spending will increase in the early years of retirement ( and then decline).
Interesting survey but is it just me, or do the answer choices seem to contradict the question? My answer would have been. ‘ Yes, I expect my spending will increase in the early years of retirement ( and then decline).
Interesting survey but is it just me, or do the answer choices seem to contradict the question? My answer would have been. ‘ Yes, I expect my spending will increase in the early years of retirement ( and then decline).
Interesting survey but is it just me, or do the answer choices seem to contradict the question? My answer would have been. ‘ Yes, I expect my spending will increase in the early years of retirement ( and then decline).
Interesting survey but is it just me, or do the answer choices seem to contradict the question? My answer would have been. ‘ Yes, I expect my spending will increase in the early years of retirement ( and then decline).
Interesting survey but is it just me, or do the answer choices seem nonsensical? My answer would have been. ‘ Yes, my spending will increase in the early years ( and then decline).
I enjoy reading your newsletters, and would love to read your articles in full. However, I do not have subscriptions to these papers. Is there a way to read them without needing to go through a paywall?
Hey Erica
If you’re in Australia they don’t put my articles behind a paywall (part of my deal)
Read the fine print on the screen and just sign up for free content of mine
Yes this is so true. Two years into retirement and the daily cost certainly have not decreased. While there are a few minor savings such as traveling to work they are taken up with increased electric bills etc.
Lots more travel, cuppa on our daily walks, meals out with new friends and house improvements stack up.
It’s all about budget. I am one of those who struggle with the “no income” after a lifetime of earning but my FA says I need not worry so I’ll trust him and hope!
Bed
Thanks again for a very useful piece of advice
Yes I agree having retired for 7 years my spending has not reduced but has changed
Along the liners you have indicated
Medical, insurances, rising cost of living etc and holiday expectations
Hi Bec, your article about spending in retirement is the first that I've seen say that, and it's what I suspected to be, and I've only been retired 10 months. But why hasn't anyone else admitted that, instead of the rosy picture paintings. Everything is getting so expensive year on year, added to that the wild swings of where retirement funds are mostly invested these days is making that rosy picture wilt.