Likely the financial planning spot I messed up the most. When I was working, the withholdings deducted from the W2 earnings covered the capital gains and self employment taxes. It becomes more noticeable once retired and there's no W2 income to cover it.

Imagine a lot of us hope for that scenario but I'm not sure it'll be the case. Over the next 5-10 years into the future that scenario is probably very likely. Start talking 15-20 years down the road and it could be a different scenario at the rate the dollar is spiraling downward. I suspect the world is going to change at a pace the vast majority of us excluding the Elon Musks cannot even begin to picture just yet.

IMO we would be better off as a society if there were no witholdings and everyone had to write a check on April 15.

People would better understand how much they are paying for what they receive..........and how few are actually paying the freight !!

We also need to put an end to people who pay absolutely nothing from receiving cash back from the IRS

I think a lot has to do with what you're used to. I bet there are plenty on here that spend $100k a year.

The most important part is building the 1.6ish,,,

What a person does after can/will vary,,,,because we are all unique individuals

The goal is to take care of yourself

You guys make it sound like a 100k is a lot of money. If a guy made 100k in 2020 it would have the same buying power as 70k today.

Dirt of course I want to play. I want to maintain the same lifestyle I have today. I suppose I could go uptown and play pinochle when I get old. Why would someone expect to downgrade their lifestyle with more free time?

Steve once you get rid of those children expenses and mortgage payments and other payments you will have more play money with the same income level. Personally, work is a form of play for me. I don't hate my jobs and they keep me entertained. Same reason a lot of seniors take work when they really don't have to.