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re: This Houston couple has $2.6 million and no idea where to retire
Posted on 5/15/21 at 4:07 pm to Tiger Prawn
Posted on 5/15/21 at 4:07 pm to Tiger Prawn
Bay St. Louis
Posted on 5/15/21 at 4:10 pm to rickgrimes
If trying to stretch $2.6M like that, I definitely wouldn’t be staying here in the US full time.
Posted on 5/15/21 at 4:12 pm to TigerOnTheMountain
Bozeman is Denver-lite politically.
Posted on 5/15/21 at 4:15 pm to rickgrimes
You’d catch me buying a condo at the Portofino in Pensacola.
Posted on 5/15/21 at 4:23 pm to rickgrimes
Belize is the correct answer here
Posted on 5/15/21 at 4:29 pm to Cosmo
quote:
The way inflation is looking, I will be shocked if that would equate to 2,6 million at today’s dollars.
Exactly
Not sure why im getting Downvoted im dead serious
right, bc you would be keeping the 5mil in cash...
Posted on 5/15/21 at 4:30 pm to jkylejohnson
quote:Shiniest turd in the sewer treatment plant?
They could live like royalty in Bawcomville
Naw baw, tanks doe.
I did lol at the conceptual thought of some royalty presently living in Bawcomville.
A potential screenplay- “Coming to America: Latrine Dooty”
Posted on 5/15/21 at 4:32 pm to SHMILL
quote:
Somewhere off 30a.
Would have to spend a lot to buy a place there
Posted on 5/15/21 at 4:37 pm to notiger1997
quote:Affirmative.
Would have to spend a lot to buy a place there
The residence I spent a week in earlier this Spring in Rosemary Beach was on the market for $4.1 million.
It wasn’t beachfront but was about 200 yards back.
Posted on 5/15/21 at 4:43 pm to Cosmo
quote:
Also retiring at 59 with only 2.6 mill is suspect
Im shooting to retire at 60 but my number is 5 mill
50k pension annually plus nearly 6k/month from SS at full retirement age goes a long way to bridging the gap.
They could comfortably retire with zero savings.
Posted on 5/15/21 at 5:10 pm to rickgrimes
Bawcomville. Could really stretch out that money
Posted on 5/15/21 at 5:15 pm to Cosmo
My parents retired with less than a million and have been fine. Live on the river, too.
People way overestimate how much they need
People way overestimate how much they need
Posted on 5/15/21 at 5:18 pm to rickgrimes
I can understand downsizing, but I don't understand these people who retire and move off to a completely new state or worse, foreign country. If it is a situation where you want to be closer to your kids or grandkids, that's great. But there's something strange about not building up a social network of local friends, family, congregation and co-workers for 30 years that you don't want to leave behind. People who don't grow roots are weird to me.
Posted on 5/15/21 at 5:22 pm to Honkus
quote:
Belize is the correct answer here
No, Belize is horrible. No one should ever want to buy property there. It's the worst place on earth.
Posted on 5/15/21 at 5:23 pm to notiger1997
quote:
Fairhope Alabama near the bay
Fairhope is a plastic suckhole now. Straight full of fat rude Yankee retired asshats. It is not my Alabama.
Posted on 5/15/21 at 5:25 pm to mulletproof
quote:
Straight full of fat rude Yankee retired asshats
This is the case for most coastal southern cities these days.
And they bring their stupid fricking politics with them.
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