Jonathan Clements: Vacation Vegas
on Saturday, November 13, 2021Jonathan Clements Money Quote saying to retire is comparable to vacationing in Vegas for as long as you can afford it. Jonathan Clements said:
“Retirement is like a long vacation in Las Vegas. The goal is to enjoy it the fullest, but not so fully that you run out of money” — Jonathan Clements
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In this quote, Jonathan Clements seems to be drawing a comparison between retirement and an extended vacation experience like one might have in Las Vegas. Specifically, he suggests that:
- Retirement offers a similar opportunity to fully enjoy oneself and one’s time without the constraints of work, similar to an leisure-focused trip.
- However, Clements cautions that just like in Vegas where it’s easy to overindulge and overspend and run out of a vacation budget, retirees must avoid enjoying retirement so lavishly that they deplete their retirement savings prematurely.
The best interpretation is that Clements’ view is retirement should be a period of fun and relaxation, but also requires financial prudence to make the enjoyment last as long as possible, just as balancing enjoyment and budget is key to maximizing a Vegas getaway. His quote conveys retirement as a “long vacation” experience that similarly demands moderation to sustain its benefits for as long as one’s funds allow according to one’s planning and means.