Message Font: Serif | Sans-Serif
UnThreaded | Threaded | Whole Thread (14) | Ignore Thread Prev | Next
Author: telegraph Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19817  
Subject: Re: Retire On 22K Per Date: 5/11/2007 10:24 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
If you have health insurance, or can get it for a few hunded a month, and don't live in a high price/high tax environment, you can get by on 25K/yr...

My biggest expense, other than income tax, is on real estate ($5400 tax, $1500 insurance, and about $4500 in utilities and misc maintenence - plus every now and then a few thousand for a big repair)....

The more you have, the more you have to maintain - and the more you are willing to do, the more you reduce expenditures.

If you live in many areas of the country outside the 'big city' or expensive suburbs, and downsize housing to what you need, you could do this.

My current medical expenses I calculate at about $5000-$6000 a year....including monthly premiums and the $3000 deductible...which unfortunately I hit the past two years due to some problems. hopefully that will reduce.... (but between dental, routine things like Colooscopies - and trying to figure out what is wrong when things aren't right , it can add up quickly). If I had better insurance, that cost would be reduced. (now I have 30% co-pay) deductible....


Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (14) | Ignore Thread Prev | Next


Post of the Day:
Berkshire Hathaway

A Financial Prognostication
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.