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Reply to "One million saved…can I stop now?"
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[quote=Anonymous][quote=Anonymous]A million dollars is $100k for 10 years. That is not rich for this area. If you can live on $50k a year, you can make it for 20 years. If you can live off that million and Social Security when you can draw, go for it. [/quote] Hint: you likely cannot. Healthcare will cost you, and I wouldn't count on SS until you are 70 at rate we are going, and even then, you might not have as much as you expect. Who will take care of you in old age? Not sure how you'd afford a facility for very long on that. [/quote]
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