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The Water Cooler
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Tips to save a dollar
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<blockquote data-quote="dennishoddy" data-source="post: 4161784" data-attributes="member: 5412"><p>Then there is the scenario where people did the right thing in their working life and enter into the spend down stage of life.</p><p>They are sitting on a huge nest egg they and they alone earned from the sweat of their brow.</p><p>They lived below their means all their working life, investing and saving for the future while others spent every dime they made on the latest and greatest while they bought nice, but not new.</p><p>Those folks reach a plateau where they could never reasonably spend all they had saved</p><p>along with investments that turned out spectacular by whatever method they used.</p><p>So, what do they do?</p><p>They spend on themselves with new homes, great toys, and traveling to see new worlds while making sure the heirs get a little slice of the pie to help them along.</p><p>It’s the spend down stage of life. The investment person will be screaming “you have a lot more years to make money!”</p><p>Of course, it’s for their benefit, not yours.</p></blockquote><p></p>
[QUOTE="dennishoddy, post: 4161784, member: 5412"] Then there is the scenario where people did the right thing in their working life and enter into the spend down stage of life. They are sitting on a huge nest egg they and they alone earned from the sweat of their brow. They lived below their means all their working life, investing and saving for the future while others spent every dime they made on the latest and greatest while they bought nice, but not new. Those folks reach a plateau where they could never reasonably spend all they had saved along with investments that turned out spectacular by whatever method they used. So, what do they do? They spend on themselves with new homes, great toys, and traveling to see new worlds while making sure the heirs get a little slice of the pie to help them along. It’s the spend down stage of life. The investment person will be screaming “you have a lot more years to make money!” Of course, it’s for their benefit, not yours. [/QUOTE]
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