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Yeah my mother was morbidly obese since the time I can remember (since she was around 35), no exercise, angry personality. You'd think she'd have died in her 60's with her problems, but she survived to mid 90's. So I have to plan to at least 95. You just never know, and better safe than sorry.
Did you see the new video that a woman is celebrating 105 by eating lots of twinkies and KFCs? Too bad it’s not Little Debbie chocolate cupcakes or El Polo Loco otherwise I might live till 105 too.
If I needed too I could spend less on groceries, quit my margaritas @ sunset habit , or eat the fish
I throw back. I could live somewhere cheaper, rent out a room in my house, drive a cheaper car, and on & on.
But for planning purposes I have a lifestyle I would like to maintain if possible.
I doubt anyone here will call you extravagant for achieving this lifestyle on $36K a year. Most will admire you. There may be shoestring retirees who would love to have your savings and potential income stream but I can't see anyone being offended.
I doubt anyone here will call you extravagant for achieving this lifestyle on $36K a year. Most will admire you. There may be shoestring retirees who would love to have your savings and potential income stream but I can't see anyone being offended.
Agree completely. Life has thrown me plenty of curve balls too..
Some were discussing wants vs needs, so this was more at add to that discussion.
Over time the average rate of inflation has been 3% annually.
over time means nothing when spending down ... it is a whole different world and as i said , average inflation and average returns mean nothing ...
In the years after 1965, the perfect storm of retirement killing conditions took place. Inflation grew rapidly over the following decade, exceeding 10% in several years in the 1970’s and averaging 6% a year from 1965 to 1985. Interest rates rose rapidly, from ~4% in 1965 to ~8% in 1970, up to 15% in 1982, causing bonds prices to plummet. The combo of fast rising high inflation and rising interest rates destroyed bonds.
Stocks also performed horribly. Adjusted for inflation, the stock market didn’t rise above its 1965 value until 1992, 27 years later. Dividends moved sideways over 2 decades
between 1965 and 1982 prices tripled . the fact average inflation is 3% plays no part in retirement success rates .
Good friends, good food, beach walks with the dog, kayak fishing and drinks by the fire pit.
Simple, but hard to beat !!!
Sometimes the best things in life are free! I'm wondering if you eat any of the fish you catch. I bet it tastes better than the $18/lb fish sitting in the grocery case.
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