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Old 04-04-2015, 04:58 AM
 
3 posts, read 2,760 times
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54 married I am looking at retiring at age 59. How am I looking? At 60 I will ve getting 24k a year from the military and 20k a year from Va state pension. I'm looking at collecting SS at 65. We will downsize our house and buy one out right. My wife is older then I am. She us getting 12k in SS and 6k in Va disability. We are looking at Palm Springs Ca or Jacksonville Fl to retire.
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Old 04-04-2015, 05:58 AM
 
5,822 posts, read 13,321,007 times
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It would depend on what type of lifestyle you are seeking. It appears living in Jacksonville is approx. 14% lower than Palm Springs. If finances isn't your main issue than climate, activity, culture, etc. might be something to consider.
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Old 04-04-2015, 06:48 AM
 
Location: MMU->ABE->ATL->ASH
9,127 posts, read 17,148,738 times
Reputation: 9980
I will get a second Pensions when I turn 65 , not sure how i'm Going to spend the $63.22/Month pension when I turn 65.

Maybe go out for a real nice dinner when i get the "check" .
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Old 04-04-2015, 08:11 AM
 
Location: Los Angeles area
14,018 posts, read 17,744,100 times
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The OP's total annual gross income including his wife's comes to $62,000. That is enough to live quite comfortably unless one is in a very pricey area. Palm Springs is pricey, but I don't know exactly how pricey. I would check that out carefully. There are two things you would have to be O.K. with there in addition to the price of housing: summer temps of up to 110 degrees and the presence of large numbers of homosexuals. If it all adds up for you, go for it.
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Old 04-04-2015, 09:05 AM
 
Location: Great State of Texas
86,093 posts, read 72,525,560 times
Reputation: 27566
I think your money will go further in FL and you'll have more disposable income.
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Old 04-04-2015, 09:08 AM
 
4,004 posts, read 3,223,268 times
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No one can answer that question. For some people it may be more than enough, for others, not near enough. Only you know what your lifestyle is.
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Old 04-04-2015, 09:39 AM
 
526 posts, read 741,880 times
Reputation: 803
Quote:
Originally Posted by flyonpa View Post
I will get a second Pensions when I turn 65 , not sure how i'm Going to spend the $63.22/Month pension when I turn 65.

Maybe go out for a real nice dinner when i get the "check" .
Husband gets a pension almost exactly this amount! he considers it a tank of gas
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Old 04-04-2015, 10:02 AM
 
Location: MMU->ABE->ATL->ASH
9,127 posts, read 17,148,738 times
Reputation: 9980
Quote:
Originally Posted by eidas View Post
Husband gets a pension almost exactly this amount! he considers it a tank of gas
Thank you for buying that tank of gas.... That Pension is from a Oil Company I use to work for...
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Old 04-04-2015, 11:28 AM
 
Location: Central Massachusetts
4,800 posts, read 4,850,322 times
Reputation: 6379
Quote:
Originally Posted by VaBchDino View Post
54 married I am looking at retiring at age 59. How am I looking? At 60 I will ve getting 24k a year from the military and 20k a year from Va state pension. I'm looking at collecting SS at 65. We will downsize our house and buy one out right. My wife is older then I am. She us getting 12k in SS and 6k in Va disability. We are looking at Palm Springs Ca or Jacksonville Fl to retire.

Your income is okay for both areas. You can find some affordable houses in Palm Springs. Weather there is better then Jacksonville. Jacksonville is a bit too congested for my liking but that is all your feelings. Someone mentioned a large homosexual area in Palm Springs. Please do not let that sway you. They are people too. It is known though as popular in that community. Still I enjoyed the week I spent there and will travel back there to visit again sexual orientation not withstanding. The wife didn't go with me when I went because she was working.
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Old 04-04-2015, 11:39 AM
 
Location: Wake County, NC
2,983 posts, read 3,794,037 times
Reputation: 3505
I'm obviously not a huge fan of Florida , but your income will probably go further there. There is no state income tax and you should qualify for the homestead exemption for your property taxes. I think if your house is paid off and you don't have too much debt or other expenses you should be comfortable on that income.
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