Hubby just retired two weeks ago. He says we’re fine financially, but I don’t want to test that too much. I think we will see how it goes this first year before we do much on the bucket list.
Wife and I are conservative politically and financially. Both have saved via 401Ks and just putting money in conservative investments.
When 45 both were essentially broke due to her and my divorce from exes. We worked, we saved, and fortunately the divorces did not affect her or my 401ks. 30 years later we owe nothing to anybody. Physical assets are worth a lot as are liquid assets. Our net worth is actually increasing due to wise retirement choices. We are not extravagant but if we want something we just buy it. Our only extravagance is on occasion an international trip paid for in advance. We do not limit ourselves on this but just do it when we want.
PS
I was raised by my grandparents that were from the depression era. I and my brother inherited their values. They saved us. We took care of them when they were old.