I wouldn’t scrimp and deny myself to die rich. What’s the point?
sparklite2 wrote: “I wouldn’t scrimp and deny myself to die rich. What’s the point?”
Actually, that is a weakness of the 401K type retirements. You don’t know how long your money will have to last which creates a dilemna. Do you spend to create an enjoyable life style or do you hoard your money to create a long term nest egg. Not an easy decision.
In fact, this is one of the points Elizabeth Warren makes when she advocates for putting 401Ks in a long term annuity.