Quote:
Originally Posted by vintageogauge
Yes, you can retire with one Million in savings/investments but do you want to live on a tight budget in a Historic District Mobile Home?
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If we had a million in savings, we would have been able to afford a site-built home between Spanish Springs and Sumter Landing, which was our preference. We could've bought the house for under $400k, furnished it, got all new appliances, replaced the roof -
and then use the leftover $600k combined with our social security to not only pay our monthly expenses, but afford a trip every year to some place or another.
We have a MODEST pension, and two modest social security checks between the two of us. We had no savings to speak of because we had to blow through our investments trying to sell our house up north and had very little left. We live in the Historic Section and other than the yearly trips (which I really really miss doing) we do just fine.
You can live in the Historic Section, in an updated good-condition double-wide, for under $60k/year, paying your expected bills and having enough left over for dining out and buying drinks at the square every week.