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Reply to "interesting article on retirement"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Nobody retires if all they have is $7,000 a year plus social security. Those folks live with their kids and work until they drop. My ILs retired on $500,000 almost 20 years ago. They have almost that much left in their nest egg. My MIL thinks the concern about retirement savings is way overblown. I say it's because she's happy living on $36K a year. I'm the first to say that that is not my idea of retirement. At all.[/quote] Do they own their home? My parents probably have about that, but they own their home and car, no debt at all. They don't live hand-to-mouth by any means (cruises every other year, home decorating, eating out). Both get SS and Medicare. [/quote] Yes, they own their own home and car, no debt. I guess I just don't get how a couple can afford cruises on 40K a year. Maybe part of it is that their taxes, utilities, food bills, etc. are all much lower than ours?[/quote]
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