<p>Well, yes, I would guess that those operating drones from the US would have lower death rates too. There are quite violent places in the US. But you could always live in a quiet place like New Hampshire.</p>
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<p>Some people take a vacation or two every week by going on a hike.</p>
<p>We have people at the office that take camping trips which aren’t very expensive.</p>
<p>We also like to go to the beach. Prices for a weekend at the beach vary widely depending on where you go and where you stay.</p>
<p>It can be if it is simple food - fresh vege stir fried, chicken/fish freshly prepared. It is not the case for certain delicacy or more complicated dishes. I am a foodie. I don’t need to eat “expensive” food everyday, but I want to experience some of those food, not have to wait when I am retired or have a lot of money. It is the case with travel too. Even when we had very little money, we still budgeted a large part of our income for travel because we wanted to see the world.</p>
<p>We probably could have more savings for retirement, but I could honesty say that if I were to die tomorrow I would have no regrets. There are more things I would like to do, but it’s not a long list.</p>
<p>There’s a sweet spot somewhere between frugality and splurging for everyone to find for themselves.</p>
<p>Curious what posters mean by the term “fully funded retirement”. For me, the continuum of potential retirement savings is sort of infinite. We could go on working, saving, working, saving infinitely and never stop if our definition of “fully funded” is “live to 120 years old with two homes and paying for grandkids’ educations . . .”</p>
<p>My spouse and I talk through this issue a lot. It’s slippery. I guess all big life transitions are.</p>
<p>sewhappy–generally that dollar figure covered all of the needs in retirement-health insurance, living costs, etc. at a minimum. Most financial planners, good ones anyway, will ask you about the life you WANT to live in retirement–do you want to travel a lot, pay for grand kid’s education, etc. and figure out a dollar amount that matches that lifestyle. If your savings are such that taking about 5% off of your retirement funds each year gets you to that dollar amount, your retirement is considered “fully-funded”. It is a bit of a guessing game as no one really knows how long they are going to live but planning on 30 years of retirement dollars now is pretty common.</p>
<p>To ME, this means that the person is contributing the maximum allowable amount to their retirement accounts per year…plus any “catch up” amounts they are allowed to do.</p>
<p>Even if you are lucky enough to live till your 90s, you won’t do much. My neighbors are both in the 90s, I only see the woman occasionally sweeping the sidewalk and never saw her husband. Ocassionally, she came over to ask my husband to help lift her husband who felt off his bed.
So the travel money is only for a certain age, let’s say up until 75 for me, after that it is moot. Also when kids are not travelling with you, you can go on the shoulder season which is less crowded and much cheaper.</p>
<p>You could say that about people in their 70s fifty years ago.</p>
<p>We’re getting better and better at repairing joints and other parts. We’re in the infancy of growing parts. Look at the things that kill people or reduce quality of life and figure out ways to fix that.</p>
<p>Genetic analysis is in its infancy because we don’t have the compute power to do it efficiently but compute power continues to grow. A few decades of technology improvements could make your 90s like your 50s are now.</p>
<p>thumper1–for many that would be overfunding their retirement accounts though. For our plans we don’t need to max out contributions to the various accounts. That would leave us cash poor now and give us way too much money in retirement. We want more of a balance.</p>
<p>DrGoogle–My Grandfather passed away at age 90. Up until about 6 months before he died he was still taking classes at the local college, was active at his church, mowed his own lawn (3 acres on a riding mower), did a lot of woodworking projects, etc. Age has nothing to do with it. I know plenty of 50 year olds that can barely get out of bed.</p>
<p>Actuarial tables moved a couple years ago to 120 years old as the expected life span of some people. There are people alive today that are 115 years old. Back when I was a kid is was VERY unusual to have someone live to be 100-and Willard Scott recognized them on TV. Now, that same recognition has gone to a lottery system because there are so many people living to age 100+. This is just in the last 30 years…</p>
<p>SteveMA, the husband is near 98, I believe there is a different between 90 and 98. But when I mentioned travelling, I meant hoping a long plan ride to different places. I expect, again it depends on one’s health, there will be some local trips within an hour or two but not to far away places where it might be costly. So the bottom line is travelling cost will be a lot less.</p>