vcponsardin
Dryer sheet wannabe
I know being 62 is a bit old for this forum, but I've come to a major point in my life where I think I must decide whether to retire.
Forgive my financial bluntness. My situation is pretty straight forward: I now have a guaranteed retirement income of about $90,000/year for the rest of my life (with about 3% COLA on top). I am single, live alone, and have no debts--paid off the mortgage last year. No kids or dependents. I live in a moderately priced part of the country (neither downtown Manhattan nor Duluth, MN). I'm assuming this is a pretty good income for retirement--especially for a single guy. Am I correct? In other words, would most people accept this as a good, solid income for retirement? Or am I way off base and looking for financial trouble 10 years down the road? Am I not anticipating something that I should?
Forgive my financial bluntness. My situation is pretty straight forward: I now have a guaranteed retirement income of about $90,000/year for the rest of my life (with about 3% COLA on top). I am single, live alone, and have no debts--paid off the mortgage last year. No kids or dependents. I live in a moderately priced part of the country (neither downtown Manhattan nor Duluth, MN). I'm assuming this is a pretty good income for retirement--especially for a single guy. Am I correct? In other words, would most people accept this as a good, solid income for retirement? Or am I way off base and looking for financial trouble 10 years down the road? Am I not anticipating something that I should?