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Money and Finances
Reply to "Middle-class, reasonable, not extravagant retirement plans"
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[quote=Anonymous]My parents are retired in the DC exurbs in a nice house which cost $400k. They live off of their social security check. They have about $500k in retirement and another $400K in savings. They still owe a decent amount on their mortagage, but the monthly payment is manageable. My parents never made 6 figures, so their needs/expectations for a nice lifestyle are very different that folks who made a large income. My parents travel to visit family, and do a trip to Europe maybe once every 3 years. They will not be able to afford years of assisted living if it comes to that. But siblings will likely help out if needed. I think this is not the right forum for this question - people here can’t seem to imagine living on $200k, much less not saving millions to retire. [/quote]
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