The Motley Fool Discussion Boards

Previous Page

Retirement Discussions / Retirement-Soon or Done

URL:  http://boards.fool.com/quotquotquotone-of-the-biggest-mistakes-ive-12609976.aspx

Subject:  Re: Retiring on a Shoestring Date:  5/22/2000  4:50 PM
Author:  lewisltd Number:  111 of 169

"""One of the biggest mistakes I've seen neighbors and friends make over the years, was deciding on a moment's notice to move to FL or AZ or wherever, just because they vacationed there.""" """I don't think in today's world that it's possible to retire on a shoestring anymore. It really costs a lot to retire, unless of course, you're Warren Buffet.""""

You're right Al. I almost made that mistake, but regained consiousness[sp?] in time. And you can't live on 1/2 of what you were making while working unless that's all you were spending anyway.

One can probably retire comfortably on about $750,000 worth of good yielding,relatively safe investments, depending on the cost of living where you are.

BL

Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us