That has to be the first one in along time that made any sense to me.

I was getting tired of all of the people who were trying to save and scrimp in retirement. It did nit sound like fun.

I like the view that you may spend more on golf and skiing and travel.

Golf at the top courses in the world, summers in the south of France and the chalet at Whistler will require a serious portfolio.

Aside from that fact that I don’t want to quit everything – I’m ok with what I do now, and simply want a bit more flexibility to get into interesting and profitable projects – I expect to have enough time to get my finances to a very secure and reliable point.

I’ve largely forgotten about pensions and social security in favour of registered accounts that I control. I used to think about running out of money, but if the stock markets continue their growth rate over the last century I don’t think it’s that hard to plan for a steady income without draining your accumulated principal, and even setting some aside for further long-term growth. I haven’t run every number but the estimates I’ve made so far seem feasible. This is probably something that takes a bit more than minimum wage, but with a little time and a moderate income I don’t think it’s that hard to avoid the uncertainty of social security.

And that’s without accounting for the possibility of long periods with dual income or starting a moderately successful businesses some time in the next 40 years

Regarding New Years resolutions, the NY Times says paying off debt is the most popular New Years resolution this year. It’s overtaken losing weight (#2) and exercising (#3). What a sign of the times!

~Melanie

I’d like to know what Larry’s resolution was – he mentioned he was part of the study.

Mike