Income you're living on (states, retired, years, housing)
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Good grief a lot of high income folks here. I'm single and happy and live on under $20K per year and have some savings, not much but a cushion. Learning how to live simply and being content is where I am. I don't need the go go go I had before my retirement. Headed to 79 this summer.
Last edited by jaminhealth; 05-30-2017 at 07:03 PM..
the average income in on C-D retiree site seems to be $240k plus pensions.
Uh-huh. And the average guy on the golf forums I visit has a swing speed of 114 mph and hits the ball 297 yards on the fly, too. I mean, it's a running joke on these sites. The real-world numbers are more like 90 mph and 198 yards.
We all know that "Internet reality" and "reality" are two very different realities.
There are any number of easily available studies on this, which isn't what the OP asked anyway, but a tiny fraction of retirees have incomes of "$240K plus pensions." These the 2017 median (average) and mean figures from the Bureau of Census for retirement age households:
the average income in on C-D retiree site seems to be $240k plus pensions.
There are other ways to live / enjoy retirement.
We have, and always will live just fine on <1/4 that (full income), and still give more away than we spend.
YMMV
Spent last yr on a RTW, and 28 trips so far this yr.
Drive a $35 car that runs on free cooking oil
$100/ month for food
1000/ month for utilities and car and house Insurance, (we burn wood for heat and have no need for Air Conditioning in PNW)
$2200/ month for A((?)CA (healthcare insurance) so we chose to go without = more travel
Retired since age 49, no pension, no HC, no hassle, no alarm clock
No health insurance? So...you could be wiped out easily then.
Location: We_tside PNW (Columbia Gorge) / CO / SA TX / Thailand
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Quote:
Originally Posted by ChessieMom
No health insurance? So...you could be wiped out easily then.
Just the price of admission for living in USA under age 65 w/o an employer. (post A(?) CA,,, $300 / month catastrophic was available prior to A(?) CA...
3 friends who were 'outsourced' in their 50's lost their homes / assets / and left their spouse homeless when they died due to medical complications.
I will make it much simpler!
Other options:
Move out of USA (there are a few countries accepting USA medical coverage exiles)
Use Medical Tourism (as do 15m annually worldwide, including a lot of folks with "national Healthcare")
Medical cost sharing networks in USA... (allowable options for those who are not in Congress (They are not forced to use A(?) CA)
$60k / yr is pretty ez to live on in much of USA. (If you are content to be frugal)
$30k is very possible also. I know a lot of elderly doing that (retired 30+ yrs ago).
$80k would be quite nice (by my standards)
$100k = lavish
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(the few of us who are under C-D minimum retirement wage...)
