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Reply to "did your parents retire yet?"
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[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] HOnestly, where my parents live, their homes are about 80-90K and the COL is low enough that they would be just fine on 3K a month. Its medical overages that get tricky if one gets sick, prescriptions etc. But their day to day expenses are actually pretty low. They are really active though, so they are still working as they are 60 and not slowing down much but if they weren't into travel and all that, I could see them being fine with that.[/quote]
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