My DH just told me from a Kiplinger report, 90% of Americans have a savings of $500K or less. That put us in the top 10% of Americans. Very hard to believe.
If I remember correctly, I didn't have 500K until I was in my late 40's, so I am not sure if it is that surprising...?My DH just told me from a Kiplinger report, 90% of Americans have a savings of $500K or less. That put us in the top 10% of Americans. Very hard to believe.
Well, you don't have state income tax in FL. Not sure what your property tax is. Ours is over $14K this year. That plus state & federal income tax and health insurance/medical costs gets us well on the way. Add in food, transportation, housing, travel, dining out, gifting, etc etc and not hard to see why we're well over $100K. YMMV
Are these lump sum paid leases included in the $50k/year of living costs? I'm skeptical in that we live much more modestly than you describe and I can't imagine doing it on $50k a year.
Also, I've always wondered about those prepaid leases.... what happens if you have an accident and total the car right after you get it? Your insurer just will pay FMV and you need to go and find a replacement acceptable to you and the lessor?
Thank goodness we have the humidity in North Carolina. Keeps those desert seeking wimps away.
Sure, we have mountains and unbelievable coast, but you really don't want to come here. Stay away. The humidity is *terrible*.
Yup. The humidity is horrible. And the bugs are huuuuge.
And there are people everywhere. Way too many people. Please don't come here.
We can live off $40k in Florida, and would live like kings on $100k.
I'm having a hard time spending $24k/year here in the ATL.
It does help to be able to travel for basically nothing other than gas/food/car rentals.
Excellent idea!
Hmmm... Robots have no need for stuff that humans do....
I say we confiscate all of their salary. What can they do? They don't even know to complain. If they do, we just pull their plug.
Your taxes look a bit heavy... if $100k earned income and MFJ with standard deduction and 2 exemptions and California state tax (high tax state) then total taxes would be $24k... $6.2k SS, $1.45 medicare, $12.3k federal income and $3.7k Ca income per Income Tax Calculator - Tax-Rates.org
That leaves $76k take-home pay or over $6k a month for expenses and saving.
We stayed at The Imperial Palace in Annecy in October. I was thinking of Robbie when we chose that place. Ferraris parked out front like Monaco. Over $1000 for 3 nights. 22 Euros for a Manhattan at their jazz bar. Yea baby! Bring it on.
Parking was free except for the tip (5 euros).
There was an article a couple of years ago about a household with $200 or $250k income living in Brooklyn.
I'm having a hard time spending $24k/year here in the ATL.
It does help to be able to travel for basically nothing other than gas/food/car rentals.
We stayed at The Imperial Palace in Annecy in October. I was thinking of Robbie when we chose that place. Ferraris parked out front like Monaco. Over $1000 for 3 nights. 22 Euros for a Manhattan at their jazz bar. Yea baby! Bring it on.
Parking was free except for the tip (5 euros).
Yes, Europe is insanely expensive. Going to Asia in Feb and May and the 5 star hotels seem to be about 1/3 the price of Europe. I think the most expensive travel we have ever booked was the barge in Burgundy (Belmond, Fleur de Lys). Really blew the dough. Worth it though.
I haven't been to Annecy but I'm sure there are cheaper accommodations, though it's close to expensive Geneva and I'm sure in peak winter and summer seasons, it gets pricey.
5-star hotels in Hong Kong and Singapore seems to be just as expensive. Bali seems to have resorts that are cheaper but they also have high-end properties for people who have money.