Anyone not want to retire?
Most folks goal, seems to be, to retire as soon as possible. It has been my experience, that, for many folks retiring was the greatest thing they ever did. But for others it is the worst thing they ...
Forum Discussion
2gypsies WROTE....
.....Wow! I think you'd do just fine on retirement. You can easily cut down your cost of living. For utilities or taxes, consider a much smaller home - townhome, condo, park model in a 55+ community. As you get older you're not going to want or you won't be able to keep up a big house and yard. You can also cut back on entertainment and restaurants, etc. It is very possible. Many have no problems and with all of your retirement packages, must don't have that much. I think you'd be surprised if you studied your position. You also mentioned 20,000 to bury you? Not sure what you mean on that one.....
The $20K Insurance is what it is going to cost within the next 15-20 years to stick someone in the ground. Most of the folks I know that are dying now it is costing the spouses in the $8-15K range for the funerals/casket/ground/etc... So that is about ($2350 yearly)for 2 people. I cannot cut back much more the house is only 1000 square foot and is paid for but the property taxes, insurance, and a little for maintenance runs in the $3000 a year. Because the house is small utilities water/electric/sewer runs $3600 a year if the weather is not too hot or cold (Florida). Food for 2 folks fixed at home runs $4000 a year for us. Got to have some entertainment in your life so that is about $3000 a year for golf/movies/Wi-Fi/
fishing/hiking/visiting family with no eating out. Then you have the Xmas/birthday gifts for $1000 a year (18 people). Then with 1 car and a motorhome for insurance you have another $2600, then camping fees for about $1500 a year including fuel while gone. Then Medicare of $2520 + out of pocket for miscellaneous medical/Dental... Then there is not much left out of $28-30K a year if something comes up. Oh did I mention TAXES.... of $3000+ a year.
.....Wow! I think you'd do just fine on retirement. You can easily cut down your cost of living. For utilities or taxes, consider a much smaller home - townhome, condo, park model in a 55+ community. As you get older you're not going to want or you won't be able to keep up a big house and yard. You can also cut back on entertainment and restaurants, etc. It is very possible. Many have no problems and with all of your retirement packages, must don't have that much. I think you'd be surprised if you studied your position. You also mentioned 20,000 to bury you? Not sure what you mean on that one.....
The $20K Insurance is what it is going to cost within the next 15-20 years to stick someone in the ground. Most of the folks I know that are dying now it is costing the spouses in the $8-15K range for the funerals/casket/ground/etc... So that is about ($2350 yearly)for 2 people. I cannot cut back much more the house is only 1000 square foot and is paid for but the property taxes, insurance, and a little for maintenance runs in the $3000 a year. Because the house is small utilities water/electric/sewer runs $3600 a year if the weather is not too hot or cold (Florida). Food for 2 folks fixed at home runs $4000 a year for us. Got to have some entertainment in your life so that is about $3000 a year for golf/movies/Wi-Fi/
fishing/hiking/visiting family with no eating out. Then you have the Xmas/birthday gifts for $1000 a year (18 people). Then with 1 car and a motorhome for insurance you have another $2600, then camping fees for about $1500 a year including fuel while gone. Then Medicare of $2520 + out of pocket for miscellaneous medical/Dental... Then there is not much left out of $28-30K a year if something comes up. Oh did I mention TAXES.... of $3000+ a year.
