#29  Florida

#29 Florida

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#29 Florida
  #1  
Old 01-08-2019, 12:09 PM
Badminton Badminton is offline
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Default #29 Florida

What do you think Guys ?
Can You be comfortable in The Villages at $48,305 a year?

29. Florida

A comfortable retirement costs: $48,305 a year

Although Florida isn’t among the states where a comfortable retirement costs the least, it’s one of seven states with no income tax — which means residents can hang onto more of their money. One of the best cities for retirement in this income-tax-free state is Tampa, according to another GOBankingRates study. It’s one of the top U.S. cities where your retirement nest egg stretches furthest.
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  #2  
Old 01-08-2019, 08:46 PM
bandsdavis bandsdavis is offline
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Quote:
Originally Posted by Badminton View Post
What do you think Guys ?
Can You be comfortable in The Villages at $48,305 a year?

29. Florida

A comfortable retirement costs: $48,305 a year

Although Florida isn’t among the states where a comfortable retirement costs the least, it’s one of seven states with no income tax — which means residents can hang onto more of their money. One of the best cities for retirement in this income-tax-free state is Tampa, according to another GOBankingRates study. It’s one of the top U.S. cities where your retirement nest egg stretches furthest.
Without even trying, I can think of about a dozen "Depends on...." responses to this question.
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What is your point
  #3  
Old 01-17-2019, 10:17 AM
thetruth thetruth is offline
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Default What is your point

Quote:
Originally Posted by Badminton View Post
What do you think Guys ?
Can You be comfortable in The Villages at $48,305 a year?

29. Florida

A comfortable retirement costs: $48,305 a year

Although Florida isn’t among the states where a comfortable retirement costs the least, it’s one of seven states with no income tax — which means residents can hang onto more of their money. One of the best cities for retirement in this income-tax-free state is Tampa, according to another GOBankingRates study. It’s one of the top U.S. cities where your retirement nest egg stretches furthest.
There are plenty of guides that suggest how to budget your money.

As to your chosen number do not forget INFLATION. Our government tells us their target is 2%. First of all those numbers are always wrong and our government has never held their reported inflation to 2% for an extended period of time.

Using the government goal at 2% inflation, in roughly 36 years, you will need $2.00 to buy what a $1.00 buys today.

Long term plan? The government is constantly changing the rules of the game. We ex-New Yorkers, escaped a 6% New York State Tax, a 3% New York City Tax, real estate taxes on a home that was 1200 sq ft at 10,000 and even our auto insurance has dropped to 1/3 of what we were forced to pay in NY with a clean driving record. On our larger sq foot than our NY home our
electric bill is about equal to what our heating (gas) was.

POINT-IT IS FAR CHEAPER HERE.
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  #4  
Old 01-17-2019, 10:28 AM
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Chi-Town Chi-Town is offline
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Florida has no state income tax and living is cheaper here than a lot of other parts of the county. But comfortable at 48k a year? That's a stretch. Add 20k and go from there.

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  #5  
Old 01-17-2019, 11:15 AM
gatorbill1 gatorbill1 is offline
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Quote:
Originally Posted by Badminton View Post
What do you think Guys ?
Can You be comfortable in The Villages at $48,305 a year?

29. Florida

A comfortable retirement costs: $48,305 a year

Although Florida isn’t among the states where a comfortable retirement costs the least, it’s one of seven states with no income tax — which means residents can hang onto more of their money. One of the best cities for retirement in this income-tax-free state is Tampa, according to another GOBankingRates study. It’s one of the top U.S. cities where your retirement nest egg stretches furthest.
No problem - if you watch your expenses you can still live a comfortable lifestyle.
A big mortgage would be a problem, but most people here do not have a mortgage, or have a very small one. You do not need an expensive home to enjoy all the amenities in TV.
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  #6  
Old 01-17-2019, 08:42 PM
Fraugoofy Fraugoofy is offline
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Quote:
Originally Posted by Badminton View Post
What do you think Guys ?

Can You be comfortable in The Villages at $48,305 a year?



29. Florida



A comfortable retirement costs: $48,305 a year



Although Florida isn’t among the states where a comfortable retirement costs the least, it’s one of seven states with no income tax — which means residents can hang onto more of their money. One of the best cities for retirement in this income-tax-free state is Tampa, according to another GOBankingRates study. It’s one of the top U.S. cities where your retirement nest egg stretches furthest.
Define comfortable. Do you eat out a lot? Do you drink high end booze? Do you travel? Do you have any credit card debt or a car payment? Everyone's definition of comfortable depends on all added expenses and spending habits. I live on less than 38k a year and do more than most people I know...

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  #7  
Old 01-17-2019, 09:19 PM
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CFrance CFrance is offline
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Originally Posted by Fraugoofy View Post
Define comfortable. Do you eat out a lot? Do you drink high end booze? Do you travel? Do you have any credit card debt or a car payment? Everyone's definition of comfortable depends on all added expenses and spending habits. I live on less than 38k a year and do more than most people I know...

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I'm interested, Fraugoofy, just from a comparison sake. Your yearly expenditure sounds great. You say you do more than most people you know. I assume you have no mortgage, and have no credit card debt. But other than that, do you eat out much or travel much? What is it that you do more of?

Please, I'm not at all being snarky. I am genuinely interested in the things that you do. Are there two of you? I am always interested in living well on less. We were just talking today about ditching one of the cars (both paid for). And I suppose a cat would be a lot cheaper than an 84-lb shedding dog. (I must have a pet.)

This is an interesting topic for me.
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Old 01-18-2019, 08:45 AM
Fraugoofy Fraugoofy is offline
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Originally Posted by CFrance View Post
I'm interested, Fraugoofy, just from a comparison sake. Your yearly expenditure sounds great. You say you do more than most people you know. I assume you have no mortgage, and have no credit card debt. But other than that, do you eat out much or travel much? What is it that you do more of?

Please, I'm not at all being snarky. I am genuinely interested in the things that you do. Are there two of you? I am always interested in living well on less. We were just talking today about ditching one of the cars (both paid for). And I suppose a cat would be a lot cheaper than an 84-lb shedding dog. (I must have a pet.)

This is an interesting topic for me.
I don't eat out much. I can make better food at home. I have zero debt. I own a rental and a home in TV, a golf cart and a car. I own a home in Wisconsin. My rental pays all my bills for my homes.

I travelled last year to Italy, Cancun, Vegas, Riveria Maya and Punta Cana.

I use many many ways to save money on groceries, including Ibotta, saving star, etc. I don't buy anything I don't need. I don't shop in brick and mortar stores much. I shop estate sales, garage sales and online.

I am 50 years old... and have earned every penny I have. I did not win the lottery or collect an inheritance. I believe in the value of hard work and living below my means.

When people ask if they can live on 48k a year without providing specifics about lifestyle or debt, it's a difficult question to answer. I can only provide my perspective or experience.





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  #9  
Old 01-18-2019, 12:07 PM
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CFrance CFrance is offline
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Originally Posted by Fraugoofy View Post
I don't eat out much. I can make better food at home. I have zero debt. I own a rental and a home in TV, a golf cart and a car. I own a home in Wisconsin. My rental pays all my bills for my homes.

I travelled last year to Italy, Cancun, Vegas, Riveria Maya and Punta Cana.

I use many many ways to save money on groceries, including Ibotta, saving star, etc. I don't buy anything I don't need. I don't shop in brick and mortar stores much. I shop estate sales, garage sales and online.

I am 50 years old... and have earned every penny I have. I did not win the lottery or collect an inheritance. I believe in the value of hard work and living below my means.

When people ask if they can live on 48k a year without providing specifics about lifestyle or debt, it's a difficult question to answer. I can only provide my perspective or experience.





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Thanks for your answer. It sounds like you manage everything well.
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  #10  
Old 01-18-2019, 12:30 PM
Abby10 Abby10 is offline
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Quote:
Originally Posted by Fraugoofy View Post
I don't eat out much. I can make better food at home. I have zero debt. I own a rental and a home in TV, a golf cart and a car. I own a home in Wisconsin. My rental pays all my bills for my homes.

I travelled last year to Italy, Cancun, Vegas, Riveria Maya and Punta Cana.

I use many many ways to save money on groceries, including Ibotta, saving star, etc. I don't buy anything I don't need. I don't shop in brick and mortar stores much. I shop estate sales, garage sales and online.

I am 50 years old... and have earned every penny I have. I did not win the lottery or collect an inheritance. I believe in the value of hard work and living below my means.

When people ask if they can live on 48k a year without providing specifics about lifestyle or debt, it's a difficult question to answer. I can only provide my perspective or experience.





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One thing I know about you is you are one smart cookie. Thanks for being so open to share.
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