Quote:
Originally Posted by MoneyGuy
Good for them if that's the retirement they want. Most people wouldn't be happy with that; I know I wouldn't be. We want to travel lots, help our children (who don't need it but it's welcomed), and be generous with family and friends.
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Same here. However; the highlighted sentence in your post is completely subjective to your own financial perception of those goals. The question remains: how much after-tax income do you need to do so today. Some posters seem to confuse, or rather directly connect, the amount of savings you need so many years from now (based on individual's age and retirement year objective) with the amount of after-tax income in retirement years. But let's be honest, most people have no clue how much they will need in 20-30-40 years from now to live comfortably, so they do need some form of advice from a financial planner.