We are living comfortably on about 2/3 of what I was earning before retirement. That includes a retirement plus SS; and not touching investments yet.We don't travl extensively, but we do take about 2 vacations a year (e.g. cruise, etc.), we eat out about 75% of the time, and buy what we want. We also spend a fair amount of time doing volunteer work.I don't know about paying $1200 for health insurance, unless you have not reached Medicare age yet. My most expensive insurance was between retirement (62) and going on Medicare (65). Once on Medicare (icluding a supplemental medical plan and a separate drug plan), my medical expenses are lower than even when I was working and on a group plan.Another factor here is what was the salary before retirement. If somebody was making $50K, then maybe they will need more after they retire, to cover medical, etc. If somebody was making $200K, I don't think they will need $270K in retirement.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar<