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Reply to "Retiring on $60k/year"
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[quote=Anonymous]I am 63 and I am planning to retire in a couple of years. I will be retiring with $30k/year sate pension and $30k/year social security. I don't own a home and currently rent. I do not have any debts. I will have about $75k in cash (emergency fund) Unfortunately, I never invested. So I do not have IRA or other kind of brokerage accounts. My rent is about $1800/month. A few months ago I was confident I could live a simple life with $60k/year. However, I'll admit the chaos and scaremongering unleashed upon us is making me think whether I should rethink my plan to retire. For the first time in my life I am not optimistic about the future. I would love to work longer but I am not in the best of health Do you know people who are retiring comfortably with anout $60k year? My divorce a few years ago really derailed my retirement plan, but such is life. [/quote]
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