Quote:
Originally Posted by Badminton
What do you think Guys ?
Can You be comfortable in The Villages at $48,305 a year?
29. Florida
A comfortable retirement costs: $48,305 a year
Although Florida isn’t among the states where a comfortable retirement costs the least, it’s one of seven states with no income tax — which means residents can hang onto more of their money. One of the best cities for retirement in this income-tax-free state is Tampa, according to another GOBankingRates study. It’s one of the top U.S. cities where your retirement nest egg stretches furthest.
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There are plenty of guides that suggest how to budget your money.
As to your chosen number do not forget INFLATION. Our government tells us their target is 2%. First of all those numbers are always wrong and our government has never held their reported inflation to 2% for an extended period of time.
Using the government goal at 2% inflation, in roughly 36 years, you will need $2.00 to buy what a $1.00 buys today.
Long term plan? The government is constantly changing the rules of the game. We ex-New Yorkers, escaped a 6% New York State Tax, a 3% New York City Tax, real estate taxes on a home that was 1200 sq ft at 10,000 and even our auto insurance has dropped to 1/3 of what we were forced to pay in NY with a clean driving record. On our larger sq foot than our NY home our
electric bill is about equal to what our heating (gas) was.
POINT-IT IS FAR CHEAPER HERE.