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Money and Finances
Reply to "Switching to spending down savings "
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[quote=Anonymous][quote=Anonymous]Just don’t be like my in-laws. They never figured out how to do it. They are worth almost $20M from the sale of a business and live on their social security checks plus about $40k/year. [/quote] Well if they are pulling "top SS" they could each be getting $45K/year. That's 90K+40K= 130K/year. Assuming you own your home, you can still live very nicely on $130K/year. However, I get it, I'd be spending another $100-150K/year on travel and fun stuff personally. But there's a good chance your kids (or you) will be seeing a very nice inheritance down the road. [/quote]
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