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Old 01-20-2014, 10:46 AM   #21
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Why does the $75k/year in expenses seem high to people?

His pension is COLA'd with 100% survivor benefits @75k. On top of that he has 850k portfolio (and eventually SS) and covered healthcare. Seems like he is in great shape at that expense level.
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Old 01-20-2014, 10:56 AM   #22
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Why does the $75k/year in expenses seem high to people?
Doesn't seem that high to me.
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Old 01-20-2014, 11:12 AM   #23
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One person's wants may be another person's needs. Living costs vary greatly by geography. So I don't think anyone can logically point to the OP's budget and say it is too high, without knowing how it is spent. It's for the OP to decide what is essential and what is discretionary. But the analysis needs to be done.
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Old 01-20-2014, 03:27 PM   #24
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One person's wants may be another person's needs. Living costs vary greatly by geography. So I don't think anyone can logically point to the OP's budget and say it is too high, without knowing how it is spent. It's for the OP to decide what is essential and what is discretionary. But the analysis needs to be done.

+1

What's low cost living in New York City may be the hi-life in Arkansas.
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Old 01-22-2014, 01:08 AM   #25
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Sorry about the layoff! It sounds like you'll be fine money-wise, but if you're concerned you could still look for another job, either at your current or future location. If you find a job you really like, great- if not, you're still ok.
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Old 01-22-2014, 05:33 PM   #26
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If you find a job you really like, great- if not, you're still ok.
Isn't that a great position to be in? If I stumble across another job like the one I had I might take it but I'm not exactly pounding the pavement looking either.
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Old 01-22-2014, 05:48 PM   #27
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Why does the $75k/year in expenses seem high to people?....
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Doesn't seem that high to me.
+1 Our budget is about that including mortgage payments, depreciation (as a proxy for replacements) and travel and while I concede we are living well we aren't extravagant by any means IMO.
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