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Old 12-27-2016, 07:16 PM
 
11,996 posts, read 5,126,293 times
Reputation: 18754

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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
5,247 posts, read 3,018,567 times
Reputation: 9593
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
5,247 posts, read 3,018,567 times
Reputation: 9593
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
 
2,443 posts, read 2,072,308 times
Reputation: 5690
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
 
491 posts, read 598,241 times
Reputation: 2095
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
895 posts, read 766,093 times
Reputation: 1761
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
3,910 posts, read 4,650,428 times
Reputation: 6247
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
30,684 posts, read 49,455,573 times
Reputation: 19134
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
15,242 posts, read 8,532,850 times
Reputation: 35674
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
812 posts, read 1,301,718 times
Reputation: 572
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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