Forum Discussion
stetwood
Jan 08, 2014Explorer
OP restated that they had about 10x the 60K annual income at 66. You are debt free. This means that income at 66 will include SS, which may or may not be around. If you max out SS at $2533/month you will need at least 400K in savings to maintain your standard of living.
Can you live by having your savings sliced in half? That happened to many, including us during the 2008 debacle. Can you live without tapping the principle under a 50% loss.
Can you live by having your savings sliced in half? That happened to many, including us during the 2008 debacle. Can you live without tapping the principle under a 50% loss.
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