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re: How much money invested/saved could allow you to retire?
Posted on 2/10/14 at 6:18 am to eelsuee
Posted on 2/10/14 at 6:18 am to eelsuee
quote:
I could maintain my current lifestyle at about $45k per year
No you couldn't. Well, I know I can't. My income is around 55K, retired, married. Insurance is a killer and if you have any health problems, well lets just say 55K is not enough.
Insurance over all for home, cars, health = to a easy 17K a year. Then out of pocket health care for me = an easy 5K. Don't forget that 21% taxes too! That leaves nothing left to spend for us.
One would do better living off the government.
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