Quote:
Originally Posted by Bill14564
Not so stupid actually.
The question wasn't whether you can live RL Lemke's Dave Ramsey lifestyle, the question was whether SS provided enough to live. I don't have to find out but it looks like it is.
It probably isn't enough for a mortgage, it isn't enough for two cruises per year or flights to Europe, and it isn't enough to eat out three times per week but it looks like SS is enough to cover property tax, bond, home and car insurance, amenities, utilities, and food. A lot of us live better, but that is sufficient to live.
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The Villages website has an actual outlay of the expected cost of living in the community.
Here it is:
Cost of Living in The Villages(R): Affordable 55+ Community
And it does NOT include your mortgage, food, cable, health insurance/health expenses. You need to include these things in your configuration, if you're planning on living ONLY on your social security check. If you only get $1900/month, and you pay $1000/month on "The Villages" - then you have only $900/month left for food, internet, phone service, maintenance on your home and vehicle, health insurance, and everything else. It doesn't leave anything to save for the day your car breaks down and needs costly repairs, or if a year after you move in, your insurance company says they'll double your premiums unless you get a new roof.