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Old 05-05-2016, 07:22 AM
 
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which is i always say trying to generalize is wrong .
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Old 05-05-2016, 07:39 AM
 
17,290 posts, read 11,153,505 times
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Quote:
Originally Posted by mathjak107 View Post
69k here in nyc qualifies you for a low income housing project
Fortunately, the vast majority of people that retire do not live in NYC or Santa Barbara CA. the 70 grand a year mentioned is ridiculously high. Most average people don't make that when they are working full time, much less hope to have that in retirement.
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Old 05-05-2016, 07:40 AM
 
Location: SW Florida
15,202 posts, read 10,216,086 times
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Quote:
Originally Posted by Mr5150 View Post
Why retirees with low savings are happy anyway


Millions of retirees say they will never fully recover from financial losses during the Great Recession, new data show. Yet the vast majority say they are happy. That's not as contradictory as it may sound. For most retirees, having the time to do what they want is far more satisfying than having money to live well.


Why retirees with low savings are happy anyway



When you don't have enough money to pay your expenses each month I doubt having the time to do what they want figures into the equation unless it's free.
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Old 05-05-2016, 07:54 AM
 
Location: Forest bathing
3,192 posts, read 2,457,508 times
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Originally Posted by AlaskaErik View Post
Written by someone totally clueless. 70k a year would require huge adjustments to our lifestyle, with a corresponding decrease in enjoyment.
Our income is around $50k a year and we do fine. We enjoy 4 3-5 week trips a year in our truck camper besides pay all our bills. It does help that everything is paid off. We eat well, enjoy our hobbies and life is good. Our city is expensive, relative to some other areas. We also support our autistic daughter

Sure, more income would be nice. We do buy some clothing at Value Village and grow fruits and veggies on our acreage but we have always done that. We do not smoke, drink, gamble, do drugs or dine out often. We donate to charities.
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Old 05-05-2016, 09:30 AM
 
Location: Chicago area
18,754 posts, read 11,739,079 times
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I view money as a tool that enhances your personality. If you were a fun person before you had money, you'll be even more fun with the money.

If you were a miserable sob before money, then you'll be an even bigger entitled rectum after money.

I was happy and had fun both ways, but now I'm having even more fun.
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Old 05-05-2016, 09:38 AM
 
Location: TN/NC
34,908 posts, read 31,015,053 times
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Everyone's tolerance for income (or lack thereof) is different.

With no debt and low recurring bills, I'd be fine only a $2000-$3000/month. Some people need the world on a silver platter and there is no end to what they want.
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Old 05-05-2016, 10:14 AM
 
708 posts, read 718,212 times
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It all depends what you want out of your retirement. If you want to travel lots then of course it costs more money and you need a corresponding nest egg. If you are happy staying in your town and everything is paid for then you can live off very little. Everyone has there own expectations of retirement. One person's happiness is another person's misery. I believe the key is retirement happiness is exercise, fill your day with what you enjoy, give of yourself either as volunteering or monetary (both is great!), family and God.
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Old 05-05-2016, 10:21 AM
 
Location: Forests of Maine
37,300 posts, read 61,096,448 times
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Quote:
Originally Posted by PAhippo View Post
NYC is in a class by itself. Around here, that much money would make you very well off.
The same here
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Old 05-05-2016, 10:28 AM
 
43 posts, read 38,647 times
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Money is like oxygen. It only matters if you don't have enough.
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Old 05-05-2016, 10:50 AM
 
8,238 posts, read 6,549,470 times
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interesting that a goal would be to be a 'fun person'

also, I would be reluctant to not be humble if I had a wealth of resources....karma and all....

and yes, it is always startling & a bit stunning to be reminded of what the average income is of workers in the U.S......being $29,000 per year or whatever.....
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