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Would you retire on 12K/mo with no debt or mortgage?
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Date: June 7th, 2025 8:21 PM Author: Talented Old Irish Cottage Fixed expenses of $2,000/mo (property taxes, utilities, internet, streaming, etc.)
I have low cost healthcare because I'm 1/8 indigenous. |
Date: June 7th, 2025 8:24 PM Author: pink aphrodisiac windowlicker rigor I plan on retiring on approximately 8K/month with no mortgage. If you can't retire with six figures yearly, debt free, you're doing something seriously wrong. (http://www.autoadmit.com/thread.php?thread_id=5734705&forum_id=2Elisa#48995603) |
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Date: June 7th, 2025 8:26 PM Author: Talented Old Irish Cottage I turn 49 next week, and I'm done with it all.
Hopefully retirement amount will go up when I turn 62, if SS is still a thing. I don't know how, but I think I've maed it. Frugal inceldom for the W. |
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Date: June 7th, 2025 8:31 PM Author: pink aphrodisiac windowlicker rigor Retiring that early with that much cash really only leaves you vulnerable to catastrophic medical expenses. If you have good insurance you should be ok. (http://www.autoadmit.com/thread.php?thread_id=5734705&forum_id=2Elisa#48995632) |
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Date: June 7th, 2025 8:32 PM Author: Talented Old Irish Cottage the alternative is killself, which seems more catastrophic (http://www.autoadmit.com/thread.php?thread_id=5734705&forum_id=2Elisa#48995637) |
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Date: June 8th, 2025 11:32 AM Author: magenta theatre hairy legs healthcare eats up like 25k of post-tax for a gold/family plan. (http://www.autoadmit.com/thread.php?thread_id=5734705&forum_id=2Elisa#48996650) |
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Date: June 8th, 2025 11:38 AM Author: Vengeful set azn Can you explain how that really works? I have Health insurance as part of my job but never go to doctors.. so they pay for nothing.. I'm thinking of going 1099. Could I rely on just going abroad for Healthcare? Like malaysia? (http://www.autoadmit.com/thread.php?thread_id=5734705&forum_id=2Elisa#48996664) |
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Date: June 8th, 2025 11:45 AM Author: magenta theatre hairy legs health insurance is basically for
a. pre-negotiated rates. if you're a cash payer, the first bill you get will be based on the hospital's outrageous book rate for a procedure.
b. catastrophic coverage. if you have to go for surgery, cancer, etc the bills, based on those inflated rate cards, will take almost anyone into bankruptcy |
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Date: June 8th, 2025 11:50 AM Author: Vengeful set azn Yeah I know that. In countries like Malaysia you get A+ insurance/hospital for 1/10 the price. So if you're going to retire why not pick a country like Malaysia for your health home. You just happen to be fucked if you get a heart attack while in usa. But then you're fucked anyway. Most people don't really survive a heart attack. (http://www.autoadmit.com/thread.php?thread_id=5734705&forum_id=2Elisa#48996702) |
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Date: June 8th, 2025 12:16 PM Author: magenta theatre hairy legs america has it's faults, but my guess is most people who spent their entire life here do not want to retire in malaysia (http://www.autoadmit.com/thread.php?thread_id=5734705&forum_id=2Elisa#48996742) |
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Date: June 7th, 2025 8:27 PM Author: Crystalline resort affirmative action id do it on 6K month (http://www.autoadmit.com/thread.php?thread_id=5734705&forum_id=2Elisa#48995615) |
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Date: June 7th, 2025 8:28 PM Author: Talented Old Irish Cottage I might learn spanish and hie thee to costa rica (http://www.autoadmit.com/thread.php?thread_id=5734705&forum_id=2Elisa#48995621) |
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Date: June 7th, 2025 8:30 PM Author: Crystalline resort affirmative action actually thinking of doing this in next couple months, i have had it with all the shit and more shit, so done (http://www.autoadmit.com/thread.php?thread_id=5734705&forum_id=2Elisa#48995627) |
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Date: June 7th, 2025 8:31 PM Author: Talented Old Irish Cottage (http://www.autoadmit.com/thread.php?thread_id=5734705&forum_id=2Elisa#48995633) |
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Date: June 7th, 2025 8:29 PM Author: Mint offensive main people location (http://www.autoadmit.com/thread.php?thread_id=5734705&forum_id=2Elisa#48995624) |
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Date: June 7th, 2025 8:32 PM Author: Narrow-minded harsh den place of business the better question is how fucking retarded would you have to be not to? That is a very decent amount of money but not enough to suggest that you are on the verge of making tens of millions of dollars, which you would have to do to meaningfully change your life (http://www.autoadmit.com/thread.php?thread_id=5734705&forum_id=2Elisa#48995635) |
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Date: June 7th, 2025 8:33 PM Author: Talented Old Irish Cottage I'm thinking the same thing, I'm not striving for a RSF/CSLG lifestyle. I just want to get high and golf occasionally. Maybe go on a couple of minor vacations a year. (http://www.autoadmit.com/thread.php?thread_id=5734705&forum_id=2Elisa#48995640) |
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Date: June 7th, 2025 8:41 PM Author: Crystalline resort affirmative action this sounds 180 except change golf to hiking (http://www.autoadmit.com/thread.php?thread_id=5734705&forum_id=2Elisa#48995653) |
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Date: June 7th, 2025 8:35 PM Author: metal adventurous senate wagecucks That would require $7 million invested. Most people will say you can retire with $7 million. (http://www.autoadmit.com/thread.php?thread_id=5734705&forum_id=2Elisa#48995646) |
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Date: June 7th, 2025 8:39 PM Author: Talented Old Irish Cottage 4.2mm with 1.2mm equity in home
1.2mm is in 401K that I don't think I can touch for another 6 years. |
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Date: June 7th, 2025 8:41 PM Author: metal adventurous senate wagecucks How are you going to get $144k annually after tax out of that (http://www.autoadmit.com/thread.php?thread_id=5734705&forum_id=2Elisa#48995654) |
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Date: June 7th, 2025 8:45 PM Author: Talented Old Irish Cottage How are you not? The 4% rule is garbage, and who said anything about after tax? (http://www.autoadmit.com/thread.php?thread_id=5734705&forum_id=2Elisa#48995660) |
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Date: June 8th, 2025 1:35 AM Author: metal adventurous senate wagecucks It's the three percent rule now (http://www.autoadmit.com/thread.php?thread_id=5734705&forum_id=2Elisa#48996136) |
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Date: June 7th, 2025 8:58 PM Author: doobsian insane theater lol i'm about to retire on $4500/mo. $12k would be nuts. (http://www.autoadmit.com/thread.php?thread_id=5734705&forum_id=2Elisa#48995680) |
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Date: June 7th, 2025 9:02 PM Author: submissive pit Total monthly expenses now?
Expected total monthly expenses in retirement? |
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Date: June 7th, 2025 9:24 PM Author: Talented Old Irish Cottage Current monthly expenses are about $3,500-4,000. I eat out a lot, and if I were retired, I'd probably cook more often. No wife or kids
I think I'll travel more, averaged out over the course of the year, I think my budget would be 6,000/mo. I'm trying to find reasons not to retire and I'm shooting blanks.
I'll probably golf more, or maybe find some new hobbies. |
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Date: June 7th, 2025 9:18 PM Author: at-the-ready stead I'm looking for about 6k after tax (http://www.autoadmit.com/thread.php?thread_id=5734705&forum_id=2Elisa#48995733) |
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Date: June 8th, 2025 11:11 AM Author: Vengeful set azn To what country? Usa is a shithole https://www.foxnews.com/us/former-sex-trafficking-victim-pardoned-president-trump-reveals-disturbing-secrets-legal-brothel |
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Date: June 8th, 2025 11:26 AM Author: Zombie-like Slippery Dopamine Only if it were guaranteed to increase with inflation. We probably will resort to hyperinflation to get out of our looming debt crisis. (http://www.autoadmit.com/thread.php?thread_id=5734705&forum_id=2Elisa#48996639) |
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Date: June 8th, 2025 11:36 AM Author: Vengeful set azn Doctors haven't had any increase in Medicare payments since 2008. So any inflation brings doctors closer to taxi drivers. The only way for me to make it is invest in inflation adjusted assets like Amazon and bitcoin(too late) (http://www.autoadmit.com/thread.php?thread_id=5734705&forum_id=2Elisa#48996660) |