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Originally Posted by Villagesgal
It is doable if you have a paid off house to sell back home and use the money to buy a home here, not your dream home, but a home. If you shop grocery stores using their weekly ad and coupons and if you have a pension from your employer. I know of a few people who are doing this and living here quite well.
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The article says zero savings, it never says anything about a pension. A small percentage of people retiring now have any sort of pension.
Average social security check is $1767 ($21202/year). My paid off 2 year old home in TV costs around $15000/year to carry between taxes, insurance (home and golf cart), amenities fee, bond, utilities, internet and the lawn guy. I can't imagine living on $6k/year ($500/month) to pay for food, car insurance/gas, clothing and home maintenance.