Quote:
Originally Posted by JolyB
This is way off topic, but I wanted to reply to your observations. That insurance number is much lower than I have experienced also - although the liability component of auto insurance up here is very expensive, and in this litigious world it is essential to have liability coverage that is greater than the state's minimum requirements.
I'd love to read the article you referred to so that I could understand how that young retired couple makes their budget work. The nest egg is impressive until you consider just how long it needs to last. I assume that they don't have children and don't plan on having any. Even so, financial planners often suggest that your annual expenditures should not exceed 4% of your nest egg, but I think that is for retirees in their 60's, not retirees in their 30's. Perhaps they are in an area with low property taxes and they may reduce utility expenses with solar power from the Arizona sun and be otherwise self-sufficient. The cost of health insurance must take a very sizeable chunk of their budget, and it will continue to increase as they get older.
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Nest egg, what nest egg? Our yoke was broke a long time ago.
And I was 71 when I retired. a forced retirement at that. I know TMI, back to racing.