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Strategies & Market Trends : Retirement - Now what? -- Ignore unavailable to you. Want to Upgrade?

To: Nazbuster who wrote (53)11/2/2004 12:54:36 PM
From: Ken Adams  Respond to of 288
 
Good advice you had for Sam.

Quick story here. My younger brother was able to retire a couple of years before I could. He and his wife were debt free, but not certain of their future expenses. He bought a "budget" planner and tracked every dime they spent. That was nearly 5 years ago and they still keep their budget. They live very well, have managed to budget "extra" things into their lives.

I've tried this approach, but seem to lack the discipline to stay with it. I was widowed 10 years ago, live alone and have minimal expenses, so I'm a little more careless with my money. But I never run short at the end of a month. It is truly a blessing to have "enough".



To: Nazbuster who wrote (53)11/2/2004 9:51:47 PM
From: SAM  Read Replies (1) | Respond to of 288
 
Thanks for the advice. I was just looking for a ballpark number for monthly expenses.

Let me ask you another question.. How much minimum investable assets one should have before he/she can feel comfortable in retiring from the work force?. I am assuming that he will have a house/condo that is fully paid for and needs to worry about the real estate taxes and insurance etc. for it.

Thanks.

SAM


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