The 10 best places to retire with only a Social Security check (Maine, deal)
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My goal was to entire retirement owning my own home, being totally debt free, and having that home in a very safe , scenic area with low property taxes.
I have accomplished that and thus I need way less income than many retirees.
There are a lot of small towns with cheap cost of living. The problem is, you will have to drive a few miles to bigger town for healthcare, shopping and other needs
Most of the small towns in eastern SD would let you live on just social security. It would be harder there if you didn't fit into the religious and political majority.
My goal was to entire retirement owning my own home, being totally debt free, and having that home in a very safe , scenic area with low property taxes.
I have accomplished that and thus I need way less income than many retirees.
My goal is to enter retirement in a few more years with most of my mortgage paid off, having most of my debts paid off and to stay right here in our beautiful home in a very safe scenic area with fairly high property taxes.
I'm well on my way to accomplishing that and will need more income than many retirees.
We're in the same boat, it really comes down to accurately assessing your expenses in retirement and having the income to cover them. If your expanses are low, you need less income. If your expenses are higher you need more income. As long as you've accounted for what you'll need and want and planned on how to cover those costs you'll be fine.
My goal was to entire retirement owning my own home, being totally debt free, and having that home in a very safe , scenic area with low property taxes.
I have accomplished that and thus I need way less income than many retirees.
Ditto. Our home should be paid off about 2 years before we retire...
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My goal was to entire retirement owning my own home, being totally debt free, and having that home in a very safe , scenic area with low property taxes.
I have accomplished that and thus I need way less income than many retirees.
We did that.
We also included another list of things into our requirements [mostly things focused on off-grid and self-sufficiency lifestyle stuff].
I hit retirement on-goal. I am currently 15+ years post-retirement. We have made a few misadventures along the way, but I am very glad that we had this all planned out.
It is interesting seeing in these forums, how so many prospective retirees need far more than we need.
Kinda shocked that my neck of the woods was only mentioned in one or two comments of this thread (but that's Ok 'cause yall have doubled our population and now are getting to where you want to run the place).
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