Quote:
Originally Posted by sonick
As an adult they call that Middle-Class Fancy. Same people brag that they got lounge access on their latest flight, but really it came free with their credit card they pay $99 a year for.
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People brag about that? Also people pay CC fees on purpose? I have like 20-30 lounge passes from churning CC's lol
Quote:
Originally Posted by unit
the 700kish remainder is more than enough to support herself including her cpp/gis. despite this she still wants all our cans and cartons for recycling deposits. some asians do be like dat.
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I think people overestimate their spending in their retirement. It's even worse when they're over 65 - 70. Mom can't do any activities aside from walk. Can't travel without sons going with her. So expensive tastes because she never ate out her whole life. Do you think $700K @ 4-5% withdrawal ($28-35K) CPP / GIS ($20K) is overkill for your mom? That's almost $48 - 55K a year with no rent costs. My mom hardly spends more than $1k/year in total costs including pptax and utilities.