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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: vivacious circlehead 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: peach twisted school blood rage 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: vivacious circlehead 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: peach twisted school blood rage 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: vivacious circlehead 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: citrine parlor 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: bronze legend 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: citrine parlor 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: bronze legend 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: citrine parlor 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: Spectacular Hateful Idiot 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: vivacious circlehead 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: Spectacular Hateful Idiot 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: vivacious circlehead (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: Primrose office ape (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: Sienna corner 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: vivacious circlehead 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: Spectacular Hateful Idiot 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: bateful nursing home 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: vivacious circlehead 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: bateful nursing home 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: vivacious circlehead 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: bateful nursing home 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: aromatic mediation cuckoldry 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: big immigrant ladyboy Total monthly expenses now?
Expected total monthly expenses in retirement? |
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Date: June 7th, 2025 9:24 PM Author: vivacious circlehead 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: Razzle Parlour 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: bronze legend 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: hilarious deranged menage hunting ground 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: bronze legend 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) |