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Message
re: How much money do people need to retire?
Posted on 2/27/24 at 6:24 pm to stogie5150
Posted on 2/27/24 at 6:24 pm to stogie5150
quote:
I watched my Dad retire at 60 with 125k in the bank, and by the time he and my Mom passed 20 years later my sister and I got 100 of it. House paid for, one car paid for, he chewed tobacco , drank his Miller, and fished every day until he died at 69. A simple life doesn't take much money. He had his SS and a small pension 250/mo., paid all the bills and had money left over. So it CAN be done, you just wont be traveling the world or living in 30A.
You inherited money because he died 9 years into retirement. Your whole premise is off. What would’ve happened if he lived to 80?
1
Posted on 2/28/24 at 2:25 pm to DCtiger1
quote:
You inherited money because he died 9 years into retirement. Your whole premise is off. What would’ve happened if he lived to 80?
My Mom lived until she was 84. I suspect had he lived as long as she did, the results would have been the same. They didnt do much when he was alive, and after he passed she did even less. But she still had plenty pocket money, she ate better than she had all her life after my Dad passed.
YMMV I just saw it done, so I know it can be done if one is realistic about what one requires once one retires.
This post was edited on 2/28/24 at 2:26 pm
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