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Retirement Discussions / Retire Well on Less
|Subject: Re: Win the lottery...and keep working?||Date: 3/10/2010 5:43 PM|
|Author: pauleckler||Number: 1361 of 1641|
"With low expenses, you don't need $4MM, or even $1MM."
When I retired 10 years ago, I would have said the same thing.
But I did not anticipate the massive increases in health insurance costs in those ten years. This problem has to be solved.
Also the dot com crash took quite a toll, but I made it back in the real estate boom.
Thank goodness for some wiggle room. It helps to have reserves to cover the unexpected.
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