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Message: [QUOTE="Kitaman, post: 5283418, member: 67"] People typically focus on savings and income. Both very important with the emphasis on savings. As for me, it was all about reducing spending and eliminating all debt before retirement. No mortgage, car payments, loans etc.. is this best financial space to be in, especially in retirement. Modest lifestyle with no debt will allow you to do practically anything in retirement with a pension and/or ss income. This doesn't really work if one likes expensive things (e.g. cars, clothes, jewelry, etc.). Just saying since I eliminated all of my debt years ago, I have so much peace of mind, freedom and mobility in retirement. Debt elimination is a sacrifice but pays later in ways unimaginable. [I]"Buy what you can afford now, so you can afford to buy what you want later."[/I] [/QUOTE]