> Kind of curious about what you might think what a "comfortable" retirement income might be.Previous | First | 1 | Last | Next
........................................................................
Diarrhetrius BrownKind of curious about what you might think what a "comfortable" retirement income might be.
This isn't about how much you have or will have it's about what you think would be comfortable for your area of the country.
Where I am at I think a comfortable retirement budget would be $6,000/month for a couple and $5,000/month for a single as long as the home is paid for and no debt debt.
While this might be good on many areas of Florida I got a feeling one would be homeless on anything less than $5,000 in most areas of California
While you will have Medicare, assuming you are older than 65, it isn't "free". For a Medicare plan with dental and pharmacy you can expect to pay at least $500 for a couple and $250 for a single. On top of this remember you will have Medicare Part B and this will cost around $165/month per person but this comes out of your social security check before you see it.
........................................................................
JPP.1Re: Kind of curious about what you might think what a "comfortable" retirement income might be.
With the home paid off I would say $4000 per month.
Also no car payments and you are on SS and MediCare.
$1000 for utilities and property taxes.
$3000 for food and entertainment. Food is really not that expensive. You would still have much money left.
But just in case have $200K stashed away.
........................................................................
Re: Kind of curious about what you might think what a "comfortable" retirement income might be.
You Jews never think about anything other than money. 
........................................................................
Diarrhetrius BrownRe: Kind of curious about what you might think what a "comfortable" retirement income might be.
JPP.1 wrote:
With the home paid off I would say $4000 per month.
Also no car payments and you are on SS and MediCare.
$1000 for utilities and property taxes.
$3000 for food and entertainment. Food is really not that expensive. You would still have much money left.
But just in case have $200K stashed away.
$3,000 is a little high for food and entertainment in my opinion. Wife and I do just fine on less than $2,000. I think our average might be $1,600. We don't drink except for a very occasional glass of wine and as far as going out we simply don't do that anymore.
When you get older you eat a whole lot less and when we go out we always split a meal not to save money but we don't eat that much. Years ago I could eat a 16 oz steak by myself but today we split an 8 oz steak and still take some home in a doggie bag.
We are down to eating one meal a day and that's the mid-day meal.
This morning I had one cup of coffee, 6 oz of orange juice and one piece of buttered toast.
For lunch I had two barbequed left over ribs from the freezer the wife heated up.
I don't know if I will have anything tonight or not. We have some frozen fruit and I will probably make a frostie.
........................................................................
Re: Kind of curious about what you might think what a "comfortable" retirement income might be.
I need $220k $250k a year.
Should have that set in another three years between savings, pensions, 401k, and inheritance.
........................................................................
Re: Kind of curious about what you might think what a "comfortable" retirement income might be.
wrote:
Ridiculous. Where will you earn that kind of interest?
there are dozens of oil and natural gas companies paying 7-9%, Dow, LyondelBassel and WP Carey are all paying over 6%, most preferred shares ar yielding 6-8% right now…. If you can’t take out $120k a year in dividends from $3m AND still be DRiPing a bunch, you’r a fuqing idiot
........................................................................
Re: Kind of curious about what you might think what a "comfortable" retirement income might be.
wrote:
Most retirees don't want to gamble in the volatile energy markets, they want the guaranteed fixed income.
........................................................................
Re: Kind of curious about what you might think what a "comfortable" retirement income might be.
Diarrhetrius Brown wrote:
We are down to eating one meal a day and that's the mid-day meal.
This morning I had one cup of coffee, 6 oz of orange juice and one piece of buttered toast.
For lunch I had two barbequed left over ribs from the freezer the wife heated up.
I don't know if I will have anything tonight or not. We have some frozen fruit and I will probably make a frostie.
Outed as Leykis.
Game over.
Time to cry.
........................................................................
Previous | First | 1 | Last | Next