Quote:
Originally Posted by Aces4
If your SS increase has covered all your living expenses caused by the ballooning inflation recently, you are one in a million.
We haven't even touched costs associated with the home maintenance such as roof needing replacement, power washing, painting if stucco, air conditioning, heat pump... there is always something needing attention. If the OP is receiving the SS max benefit of $61,296. a year, (max benefit to date), and has the funds to buy a home outright, they may be able to squeeze by.
|
Or like some move to a newer home every 8-10 years, no worries on AC,roof,HVAC, power wash only for vinyl, paint stucco more than 10 years unless you CMD on color. Didn’t the hypothetical person live elsewhere with maintenance and all the things you posted.
Why all the gloom on a hypothetical post “can you live on SS in TV” just because you can’t doesn’t mean others aren’t better at handling lifestyle. My dad grew up as a young child during the depression. Once he retired, they lived off just His SS all other income put away eventually for their kids.
They traveled, ate out, updated home as needed, mowed his lawn until 93, lavished their grandchildren with too much stuff. Their home up north cost far more in taxes, maintenance, snow removal, heat, air, then home in TV. He said TV cost was like winning the lottery every year.