Just 5 figures income in retirement here. Both retired now, but with both cars, low milage [55k and 78k] paid off, new tires and serviced before retired. etc. Bought retirement home cash and it came with quality furniture and a golf cart [do not golf, but great for getting around the 55+ community where we bought in Central FL, keeping our fuel and maintenance costs on cars low], HOA fee is 360 a month and that covers lawn cutting, Spectrum internet, and garbage pickup. plus gate guards.
Find we do not need a lot of income in our retirement - not rich, but comfortably well off IMO.
FTR: We never had a high income, but lived on less frugally for the past 20 years and banged the bucks into investments and her 401k [We liquidated the 401k to buy the house after paying the taxes owed on that money.
#7 | Posted by MSgt
You grew up in a time when the economy served you. Hence you have a comfortable retirement. Your housing was cheaper, your employers took care of you, your healthcare was cheaper, childcare and education were cheaper.
Now the economy only serves the rich. And you think that's just fine.
There are no poor people in LA or NYC. If people can't survive there, how the hell do they live there?
#10 | Posted by Petrous
It's called having roommates into your 40s and it's no way to live.