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|Subject: Re: My Mom's Retirement||Date: 5/28/2004 6:00 PM|
|Author: jesserivera67||Number: 41110 of 78143|
You might want to check out a cost of living calculator. Here's one:
I'm sure there's one on the Fool somewhere. We might need a little more information to make a recommendation.
Just a quick comparison showed a 30% increase in cost of living. Something to take in consideration since that's quite a bit more expensive than Grand Rapids.
Also, is she sure she can walk away with $21k? What about capital gain tax? Is that already taken into account?
There a good site on the fool with information about where to put your money...
47 is very young in my humble opinion...so I think she's got some time. What are her plans for retirement? When does she plan to retire? Is she moving in with friends in Portland? Does she want to own her own home there?
My biggest recommendation is convince your mom to start saving and start saving NOW. The longer she waits the tougher it will be. The link above should provide you with some suggestions. BOL
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