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Reply to "What's the best place to move for semi retirement in Virginia? Couple in 50's wants to slow down"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Eek...late 50s and 500k in retirement accounts. You will be semi retired for a loooong time to choose wisely.[/quote] Meh, 500k is enough for a retirement (without the "semi") by itself if you're frugal; moreso with social security. [/quote] Agree. My inlaws live pretty nicely on 48k/year (4k month with a paid off house - most of that is SS and the rest is their retirement savings.) They go out to dinner regularly, see movies and plays, FIL golfs but not all the time. They take a Viking river cruise type vacation every year or two.[/quote] This. Plus with 700k equity, they're looking to buy a 500k home in cash. So retirement savings are more like 700k with the cash that'll come out of the NOVA home. Plus they're looking at places like Richmond where the COL is lower -- not just housing but your food, utilities, car insurance etc. are all slightly (not hugely) cheaper.[/quote]
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