My parents have been retired for 12 years and withdraw 8% and they’ve still not

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Mar 31, 2025
8:28:54am

YbeatsU All-American

My parents have been retired for 12 years and withdraw 8% and they’ve still not

touched the original amount when retiring.

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YbeatsU

Bio page: YbeatsU
Joined: Sep 13, 2001
Last login: Apr 2, 2025
Total posts: 5,414 (41 FO)

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Messages

Author

Time

Was the wealth transfer from boomers always going to be a recession?

SLC-Durham

Mar 31, 8:21am

Wonder that RMD might have some influence.

airbug

Mar 31, 8:26am

My parents have been retired for 12 years and withdraw 8% and they’ve still not

YbeatsU

Mar 31, 8:28am

I've always thought the same about homes. As boomers age, they'll want to

BlueKarma

Mar 31, 8:30am

RE: I've always thought the same about homes. As boomers age, they'll want to

Superkid

Mar 31, 8:34am

They don't want to downsize or move. They are staying put.

Mitty

Mar 31, 8:35am

A lot of boomers talk about downsizing, but never do it. Hard to get excited

Iman23

Mar 31, 8:35am

And who wants a postage sized home with a neighbor in arms reach.

md7Coug

Mar 31, 9:04am

Especially if your mortgage is the same or more after downsizing.

Mike Honcho

Mar 31, 9:13am

We downsized from 3600 to 1600sf and it was a lot of stress but we ended up

gilbertatty

Mar 31, 9:15am

This is the way. The "stress" is just from material things we get attached to.

Mitty

Mar 31, 10:34am

Are you now in a SFH or a condo?

Iman23

Mar 31, 10:34am

SFL but HOA does the landscape maintenance and is easy to keep up with

gilbertatty

Mar 31, 11:58am

This is true, except in high-demand areas, where housing supply lags demand

reddead

Mar 31, 8:35am

Why would I want to live in a condo? I want the grandkids to come spend the

O Gaucho

Mar 31, 8:43am

no maintenance, grandkids can still spend the night, family dinners are better

Mar 31, 8:55am

This is going to be the philosophy of my wife and I as well when we retire,

Mitty

Mar 31, 9:24am

In my neighborhood, the last three house sales have been to older couples

tacocat

Mar 31, 9:15am

Same in my neighborhood. $1m+ homes on 1/2 acre that are 4000+sq feet are being

Superkid

Mar 31, 9:25am

I'm with you on this. People are weird.

Mitty

Mar 31, 9:25am

Same in our ward. Empty nesters moving into new subdivision of 4k sq foot houses and 1/2 acre lots.

5150man

Mar 31, 9:46am

Curious - how many of them are transplants from other states (CA, WA, etc) who sold their expensive homes

Zenoch

Mar 31, 10:10am

Good question. They are all from out of state and all moving closer to grandkids but locations vary from DC to rural ID

5150man

Mar 31, 10:33am

I think the idea is that investments "should" be big enough that growth is used

reddead

Mar 31, 8:34am

they should have more in bonds than stocks as they get closer to retirement age

ryebrye

Mar 31, 8:35am

Most of us Boomers target 4% withdrawal every year. So not a huge amount. But what do we do with it? We spend it on

Zenoch

Mar 31, 8:37am

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