UnThreaded | Threaded | Whole Thread (61) | Ignore Thread Prev | Next
Author: TheBaronAndrew Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 757895  
Subject: Re: The Scary thing in the background Date: 1/7/2013 11:29 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 1
So when they hit age 70 they'll have nothing. Not even a small condo paid off. So what happens?

They'll get $1500 a month in Social Security let's say. Tax that, they're left with $1250?

Rent, lights, phone, water, food?



If they have no other options, they can always move to Mexico or Ecuador or someplace where you can live (and live well) very cheaply. I've read articles in International Living about couples who retired to Ecuador and live very full lives (no skimping) on $1,000 a month -- or even less. (And that includes medical care.)

Or stay in the States and do a "Golden Girls" thing -- three or four retirees sharing a house together to cut living expenses.

Where there's a will, there's a way. But it might require thinking outside the box.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (61) | Ignore Thread Prev | Next

Announcements

Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
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.
Post of the Day:
Macro Economics

Looking at Currency Ratios
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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 "#1 Media Company to Work For" (BusinessInsider 2011)! 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.
Advertisement