I think you can save and spend to live for however long you live. You just have to be flexible if things don't go as plan.

I understand why many are still poor or struggling to make just a middle-income lifestyle. I'm a fiscal conservative, but I also have compassion for people who make financial mistakes.

The sad thing is many people learn how to manage money after they've made a lot of financial mistakes, some that take decades to fix.

Remember life insurance is intended as income replacement to help dependents and or/spouse pay for things that your income would have covered. When you get to the point that you're dependents (Your kids mostly) aren't dependent on your income, you could reduce the amount of life insurance you are carrying.

You know me and I have a pension. It provides some comfort but only some. It's still not enough to live off completely but it sure will help. But I'll say this. I try to forget about it and save like a maniac because I want the assurance of having other pots of money.

We have to protect ourselves by doing our own homework.

Light has a way of keeping people honest.