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Old 12-27-2016, 07:16 PM
 
17,287 posts, read 11,146,270 times
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Quote:
Originally Posted by David A Stone View Post
Yes indeed!


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.
That's my plan as well. The wheels are in motion.
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Old 12-27-2016, 07:51 PM
 
Location: Florida
7,743 posts, read 6,310,376 times
Reputation: 15712
All of those places are way too far north for me.

There are a lot of variables to consider, home paid for, single or married, moving costs, medical coverage, etc.

Medicare stops at the border.

I retired one week after I made my last mortgage payment, would not do it sooner.
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Old 12-27-2016, 07:52 PM
 
Location: Florida
7,743 posts, read 6,310,376 times
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Quote:
Originally Posted by Jim Mac View Post
I wonder if Dayton smells like rubber ?
That is Akron.
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Old 12-28-2016, 05:53 AM
 
4,148 posts, read 3,879,444 times
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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
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Old 12-28-2016, 07:36 AM
 
505 posts, read 714,625 times
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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.
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Old 12-28-2016, 11:54 AM
Q44
 
Location: Hudson Valley, NY
894 posts, read 1,025,306 times
Reputation: 1777
Quote:
Originally Posted by David A Stone View Post
Yes indeed!


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.
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Old 12-28-2016, 12:15 PM
 
Location: Over yonder a piece
4,268 posts, read 6,269,135 times
Reputation: 7134
Quote:
Originally Posted by David A Stone View Post
Yes indeed!

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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Old 12-28-2016, 12:29 PM
 
Location: Forests of Maine
37,296 posts, read 61,087,401 times
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Quote:
Originally Posted by David A Stone View Post
...
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.
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Old 12-28-2016, 12:53 PM
 
Location: Central IL
20,726 posts, read 16,250,320 times
Reputation: 50368
Quote:
Originally Posted by Jim Mac View Post
I wonder if Dayton smells like rubber ?
...you're thinking of Akron...back in the day.
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Old 12-30-2016, 06:46 AM
 
Location: the sticks
932 posts, read 1,640,538 times
Reputation: 646
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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