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four 5,087 posts msg #99821 - Ignore four	3/22/2011 3:04:48 PM http://moneywatch.bnet.com/economic-news/blog/financial-decoder/retirement-can-you-live-on-21k-annually/3532/ Let's start with $7,000+ per year for health insurance... and add inflation each year at 3% - 7%... and there are no more pensions...
jimvin 173 posts msg #99825 - Ignore jimvin	3/22/2011 5:36:18 PM My saintly widowed Mother managed to do it for years; she worked at low-paying jobs (typically making much less than her male counterparts) and when my Father passed away his retirement benefits to her as a survivor were cut by about 2/3. She made it a little over 10 years in a 1-bedroom apartment with Social Security (about 7K), what was left of my Father's annual retirement (about 14K). what little savings they had (about 40K) and (thankfully) Medicare before she passed away at the age of 87. I'm not saying she travelled the world and ate caviar on toast for breakfast, but she lived comfortably. (The only challenge were heating and car repair bills for which I supplemented her income about 2K a year).

StockFetcher Forums · General Discussion · retirement-can-you-live-on-21k-annually

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