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Reply to "did your parents retire yet?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Inlaws retired at 63 and 64 with $100k retirement savings and Social Security of about $3k/month. Awesome.[/quote] Do they own their house?[/quote] Yes, it's worth about $75k. And it's $3k total, each has a little more than $1k in SS monthly. Their parents lived to be 93 and 94. [/quote] Depedning on where they live, it is very doable. [/quote] It's not when they spend it like its water and poo poo any suggestions to be cautious and, say, not buy a new car every 3 years in addition to having 2 iPads, 2 kindles, 2 laptops, 2 iPhones and the latest TVs in every room. And even if they were frugal, you really think $100k is going to last 2 people 25 years (conservative guess)? One illness and they're done[/quote]
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