Mulligan
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- May 3, 2009
- Messages
- 9,343
It certainly is doable if what you want/like to do is spend most of the time at home with inexpensive hobbies and you live in low COL area. And there is nothing wrong with that.
But what if you want to go for 4 months to Amsterdam or Granada Spain? Or what if most of the places you like are medium to high COL areas?
Retirement is enjoying life and not having great restrictions what one can or can not do. Hence personally I would not want less than 100k a year once retired.
BTW it seems to me more interesting/enjoyable to live for example in Mill Valley CA then suburb of Atlanta.
Ol Suzy busted a guy last night on this scenario... He wanted no loss of lifestyle on his 10k a month budget when he plans to retire at 62. He gave himself a "B" grade thinking Suzy would grade him easier as he was harder on himself. Well she gave him an F and said he had to work to 67 if he wanted no changes in his current lifestyle. The major reason was he wasn't figuring in taxes from his retirement account and she expects him to buy that LTC insurance for the two of them.
Sent from my iPad using Tapatalk