Quote:
Originally Posted by GoRedSox!
If you have cash savings, you have real interest income for the first time in over a decade. If that fixed income is Social Security, it’s gone up 17.8% in the last 3 years. If you own a home, the value is up significantly. If you have stock investments, the market is at an all time high. If your IRA or 401k is invested in the market, that all time high has likely boosted the value a lot, which increases the annual distribution you can take. I think it’s fair to say that the last few years have been financially good for many seniors.
|
You forgot to add cost of everything including taxes, food, utilities, and every other needed items. So, probably in negative.