abirdinthehand
Confused about dryer sheets
- Joined
- Jun 1, 2017
- Messages
- 7
Except NO inflation?? really is that feasible over 17 years to live with zero inflation? Again I repeat, not doable...and your still not making up that extra $400/month at the start.
600k @2% (4%-2%inflation)=42k/year for 16 years
As far as medical care goes : income needs go down as we age, the median income for people 65 plus is 34,000 so there will be extra room in his budget.
If someone retires healthy at age 50 does that mean they will never earn another dime, will they watch tv all day? Why don't we assume that they will continue to be productive but on their own terms? If some budget buster came along couldn't the poster work for extra money doing something they love?
Also, no one has mentioned that americans can live like kings and queens in many other countries around the world,for 2000/mth or less. Heck, the median income in many areas of europe is less than 40k. Italy, anyone?
Inflexible,rigid, scared thinking is the biggest detriment to a successful retirement. Death=rigor mortis. Life= flexible. Be flexible, mentally and physically, and you can handle anything life throws your way