Katsmeow
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Jul 11, 2009
- Messages
- 5,308
Imagine 2 retirees. Who is better off financially for retirement?
Couple A has $1,500,000 in retirement accounts and the husband is currently receiving $21,000 a year Social Security. His wife will receive $22,000 in Social Security beginning in 6 years. Couple A plans to spend $81,000 a year of which $14,400 is a recent 30 year mortgage.
Couple B has $1,200,000 in retirement accounts and the husband is currently receiving $21,000 a year Social Security. His wife will receive $22,000 in Social Security beginning in 6 years. Couple B plans to spend $69,000 a year. Couple B has a paid for house.
Couple A has $1,500,000 in retirement accounts and the husband is currently receiving $21,000 a year Social Security. His wife will receive $22,000 in Social Security beginning in 6 years. Couple A plans to spend $81,000 a year of which $14,400 is a recent 30 year mortgage.
Couple B has $1,200,000 in retirement accounts and the husband is currently receiving $21,000 a year Social Security. His wife will receive $22,000 in Social Security beginning in 6 years. Couple B plans to spend $69,000 a year. Couple B has a paid for house.