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Pigsdad has touched on a subject I truly believe makes all the difference in retirement. You live a careful life with money, you will be okay in retirement. We too lived in modest homes, drove cars for a long time, and put money into iras , savings accounts, etc. we retired in fine shape. The sticker shock is health insurance and that was true in 1999 too. At that time we spent about twelve thousand out of pocket, we had a brief dip when we went on Medicare and had good supplemental, then up again to about sixteen thousand a year because supplemental is not as good, and the government penalizes people who saved for their retirement by RMD, raising Medicare premiums, tax on investment income over a certain amount, blah, blah, blah. We feel we have saved enough to self pay for nursing home. My mother, mother in law, two aunts all self paid for years, they never were well off, but they were always careful with spending, and yes they did travel a lot.
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