Reply to Is a 100k salary in a HCOL for a 50 years old easy to get?

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[quote=Anonymous][quote=Anonymous]100K is hard to get a job over 50 as it is a 24-24-29 year old salary. So people might questions unless you are a SAHM coming back to work force after a few years why would you take it. Makes no sense.

Plus 401k at 50 is $31,000 add in I would most likely be on Family plan medical out of paycheck to properly save for retirement and pay for medical I almost have no paycheck. Maybe if my spouse had a good job and just wanted to pretend I have a career or get out of the house is fine.

I was a single earner over 50 and was only making 165K in Covid era for two years and I literally was bleeding out.  The salary was less than my expensive each month I worked my savings account went down,

DMV is expensive. In past three weeks got hit with $2,600 mortgage payment, $4,000 home insurance renewal, property tax bill first half of $7,500 and car insurance bill for six months (kids on policy) $2,000 and a $500 in utility bills and $150 landscaper than my car broke another $3,000 on a major repair.  And around $3,000 on food, clothes back to school on credit card.

What the heck is 100k doing. A 50-60 year old man with kids, SAHM wife and a mortgage in a good school district needs at least $250K to not bleed out.        [/quote]

Exactly this. Emphasize “at least” in your last sentence. [/quote]

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