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URL:  https://boards.fool.com/our-soc-sec-and-pension-income-is-23k-and-due-27031096.aspx

Subject:  Re: How to fit the puzzle together Date:  9/26/2008  11:01 AM
Author:  ResNullius Number:  14015 of 21396

Our Soc. Sec. and pension income is $23K, and due to health and other issues, our income fluctuates, so we make 10-40k over
that, depending on the year.

We will have over 500k cash after home sale.


Using generally accepted assumptions, the $500K should produce about $20K per year if it's reasonably invested. This means you'll have a lower end annual income of 23+10+20=$53K, and an upper end annual income of 23+40+20=$83K. I would use the lower number to be on the safe side. Anyway, if you have an interest in variety and change, you could rent houses/condos in resort areas during the off season. In other words, live in the heat during the summer and the cold during the winter. For example, you could rent a place in Florida from May 1 through the end of October, then rent a place in the NC mountains during the rest of the year, thus taking advantage of the huge savings in long-term rentals during the off season. You could choose anywhere in the world to do it, just keeping in mind that it's about half price to live somewhere nice when all the tourists are living elsewhere. Just an idea. In resort areas, you can get six month leases during the off season at huge discounts, because the owners are happy as clams to get any income from the property during those times.
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