Quote:
Originally Posted by rubecube
Are you planning on still supporting your children when you're retirement age?
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No, but property taxes and utilities eat up a good $6-7k a year. Add $3000 in insurance and gas for one vehicle you are eating up almost half of that $24k.
I imagine these costs will be a good 25% higher at least when I'm set to retire.
I'd like my children to come visit me when I'm retired (hopefully with their children) and we get to do some cool things like maybe go to the zoo or drive to West Edmonton Mall. I imagine a good chunk of money will go to entertainment when I'm retired.
If I didn't have kids, I suppose I could do more with less, but I want them to be involved in my life in the future.