We are just above that threshold. We pay rent which despite going up 10% next year is still somewhat reasonable. We are both in our 70's and retired. We have some medical costs but nothing outrageous. The difference is that we have little debt. There is really nothing we have to spend thousands of dollars on to go into debt.
We are just above that threshold. We pay rent which despite going up 10% next year is still somewhat reasonable. We are both in our 70's and retired. We have some medical costs but nothing outrageous. The difference is that we have little debt. There is really nothing we have to spend thousands of dollars on to go into debt.
We are not spending our retirement savings which isn't any large amount. The experts think you need a few million to retire. How about 3% of that? Maybe $40K is a pauper's income but it really depends on how you are living and not giving a crap about the Jones's or what any experts say.
We are just above that threshold. We pay rent which despite going up 10% next year is still somewhat reasonable. We are both in our 70's and retired. We have some medical costs but nothing outrageous. The difference is that we have little debt. There is really nothing we have to spend thousands of dollars on to go into debt.
We are not spending our retirement savings which isn't any large amount. The experts think you need a few million to retire. How about 3% of that? Maybe $40K is a pauper's income but it really depends on how you are living and not giving a crap about the Jones's or what any experts say.