Quote:
Originally Posted by kunkstyle
No mortgage, for starters.
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Quote:
Originally Posted by Jude
Another would be no dependents.
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I'm renting now, and presume I will be renting in the future. I had a house, but couldn't justify the cost of such a huge dwelling for a single person. I suspect with the cost of housing going up, I expect to pay much more in rent when I retire.
As for dependants, I have no children, but when I retire, say at 60, my mother will be 80 and I don't think she stocked enough away for her retirement, so it's possible that I could have more dependants at 60 than I do at 40.
Quote:
Originally Posted by Slava
I think that for the first decade or so of retirement people do spend more than say for their final 15 years (or so). Reitirement income isn't a simple straight line with a little bit of inflation mixed in for good measure.
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But i would think that when I hit my waning years, I would want to be a decent retirement home, not the hellhole places they cover in the news:
http://www.cbc.ca/news/background/nu...aten-down.html
So of course the rent would be higher for a good facility.