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"Saddest aspects of the situation in California"? What's the situation?
I know of no one IRL who is planning to leave California now, or in the future when they retire. A couple have bought a vacation home elsewhere, but they aren't leaving the state.
Same here and I'm dubious about some of these dramatic stories about California natives being forced to flee the state. My husband and I are retired & live in Sacramento & we're doing just fine.
Put max in 401k and 457k and go work for an employer that allows buy backs use the 401 and 457 towards buybacks or prior related service and put a bunch extra out of your cash which you have saved by scrimping and saving and eating bean burrito meals unlike your club med and cruiser work buddies also drive a lousy used car unlike your bmw co workers
You will make it oh by the way make triple mortgage payments while you do the rest
Been there done that
"Saddest aspects of the situation in California"? What's the situation?
I know of no one IRL who is planning to leave California now, or in the future when they retire. A couple have bought a vacation home elsewhere, but they aren't leaving the state.
The year after I retired, I went back to California for my 25th high school reunion. Most of my classmates still live within a 40-mile radius of our hometown. They have never lived anywhere else, they have never experienced anywhere else.
We were all the same same, I was on pension and none of them were even thinking about retirement. At 43 we were all over 20 years from Social Security age.
The year after I retired, I went back to California for my 25th high school reunion. Most of my classmates still live within a 40-mile radius of our hometown. They have never lived anywhere else, they have never experienced anywhere else.
We were all the same same, I was on pension and none of them were even thinking about retirement. At 43 we were all over 20 years from Social Security age.
Probably not a lot of 43 year olds retiring in California these days!
Probably not a lot of 43 year olds retiring in California these days!
I spent 4 years in college and 20 years on Active Duty, I went onto pension at 42. Along with my portfolio from owning a series of apartment buildings at each duty station I was able to retire at 42. I attended my 25th high school reunion the following year.
Property is expensive in many areas of CA, but if you already fully own the place where you live, there is no problem with retiring in CA, and it is a wonderful part of the country to live for a retiree (or anyone). While CA has huge taxes for high earners, most retirees have relatively little taxable income, and low-end CA tax brackets are actually among the lowest in the country. I am semi-retired, have a tiny pied-a-terre in San Francisco (a 300 sq ft micro-condo), and intend to keep it for as long as I can climb hills and stairs :-).
How do you plan to fund your retirement in California?
In the process now of Reducing our house payment from $1325 to $350 month
-Downsizing. Building a 650 sq foot home w/600 ft garage on 18 acres. Doing much of the inside ourselves
Wrap around porch with 20 ft tall ceilings. loft w/ 10 foot ceilings.
-Rent out a spot on property to an RV'er for $300 a mo.
incl in rent is endless spring water, fast internet & some solar power 1/2 the yr. they will caretake our animals while we are away
Social security- $2000. ($1200 mine+$800 hers) Pensions -$1400 ($700x2) Rental- $300
$3600 month. Our expenses will be about $1850 mo which includes basics to live & extras like our toys, some travel, eating out, animals, etc.
Retiree supplemental healthcare is covered by our HSA balances until ages 90 & 91. Cost- $100 mo. each
RMD's at 70yrs but not counted. designated for our kin each month
Working half time 20 hrs wk for a Credit Union the last 30 yrs has it's drawbacks yet our retirements & healthcare are well funded
.
Last edited by SemiRetiredAt60; 05-17-2019 at 07:35 PM..
Packing up and moving out: People are leaving California in droves, including some High Desert residents
The Golden State continues to rank No. 1 as the state that has waved goodbye to more residents, about 143,000 last year, than welcomed those who have moved here, according to a U.S. Census Bureau report.
And despite the state losing 3.5 million people to other states from 2010 to 2015, many demographic experts said there is no mass exodus from California.
But this story is not so much about the amount of Californians leaving, but about why so many longtime High Desert residents have moved out of the Victor Valley.
Mike and Velvet Ambuski from Hesperia are among those who have relocated because they wanted to live in an area with less crime, better jobs, friendlier people, improved services, less traffic and a more politically conservative atmosphere.
"Saddest aspects of the situation in California"? What's the situation?
I know of no one IRL who is planning to leave California now, or in the future when they retire. A couple have bought a vacation home elsewhere, but they aren't leaving the state.
And how many people do you know? 500? 1000? In a state of 40 MILLION PEOPLE?
I call this the my-little-world-is-the-entire-universe fallacy.
And how many people do you know? 500? 1000? In a state of 40 MILLION PEOPLE?
I call this the my-little-world-is-the-entire-universe fallacy.
Sorry; just because you didn't like living in California doesn't mean that everyone needs to agree with you.
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