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re: So how much after taxes a month do you need to live pretty much like you like

Posted on 8/24/18 at 7:16 pm to
Posted by cgrand
HAMMOND
Member since Oct 2009
39236 posts
Posted on 8/24/18 at 7:16 pm to
you are both retired and you have a 2K mortgage?
I don’t want to be the one to break it to you, but you failed at estate planning
Posted by slackster
Houston
Member since Mar 2009
85489 posts
Posted on 8/24/18 at 7:27 pm to
quote:

you are both retired and you have a 2K mortgage?
I don’t want to be the one to break it to you, but you failed at estate planning



, why?

Why would his retirement planning all of a sudden be better if he had no mortgage but 400k less in his retirement savings?
Posted by dragginass
Member since Jan 2013
2783 posts
Posted on 8/25/18 at 6:42 am to
Excluding mortgage, my family of four could live off $2500 a month. We don't, but we could. No debt other than mortgage, budgets in place for dining out, fun money etc . If you "need" $10k a month something is wrong.
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