Quote:
Originally Posted by Ginmato
My husband and I take home about $8000 a month. Obviously, we gross a lot more than that as a good part of our income goes to state and federal income tax, social security and Medicare tax and our 401Ks. We aren't poor but we aren't rich either. Retirement means a lot less spent on gasoline and driving expenses but it means paying for health care and income taxes. I don't see us getting along on less than $8000 a month when we retire. Am I wrong?
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If you purchase and fully mortgage a million dollar home, eat out every meal, play golf at a country club daily, buy a couple of yesteryear carts, trade in your Mercedes every year, you might find budgeting a little tight.