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Reply to "Retiring on $60k/year"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]That doesn't leave any room for emergencies or say, attending a wedding in Italy one year, or going on a cruise with extended family. It would be surviving, but not thriving.[/quote] So tone deaf. Read the room. [/quote] Umm, $60K in the DCUM area (so $45K after taxes) and not owning a place (so having to rent and be at the mercy of increasing rents) yes that is not really enough to be "thriving". What happens when you are still getting only $45K after taxes but now rent is $2300/month What do you do? Much better to have a viable plan in place BEFORE you retire (that can include moving to a lower cost of living area) [/quote]
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