Roth conversions pros if younger

[BLADEMDA]

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That is not outrageous if you are an anesthesiologist making 700k+/yr. I spend ~30k/yr on vacation with a salary of 400k

Lifestyle Creep and Lifestyle Spending means you need to build a portfolio to support it at retirement as very few actually cut back after they stop working.

 

[Mman]

I know quite a few who spend like Paris Hilton but still save $400k plus each year.

they would have a low savings rate if they are spending that much. By savings rate I mean the percentage of income that they are saving. You need to focus on your income being high and the percentage of income that you save being high. Spending is by definition already accounted for.

 

[Splenda88]

Lifestyle Creep and Lifestyle Spending means you need to build a portfolio to support it at retirement as very few actually cut back after they stop working.

As long as I reach saving/investing target, I use the extra $$$ to enjoy life a little bit.

 

[Southpaw]

Lifestyle Creep and Lifestyle Spending means you need to build a portfolio to support it at retirement as very few actually cut back after they stop working.

No house payments and no retirement savings automatically means less needed. Shouldn’t have car payments either.