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Originally Posted by Bryan G
All depends on how you want to spend your retirement. Do you want to just be getting by or do you want to have a ton of cash to travel and help out your kids and your grandkids.
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They don't travel - at all. Maybe at most every five years they will take a vacation to Connecticut to see family, but for the most part family comes out to visit them. Father in law is very much a kind of "stay at home" kind of guy; It's impossible to get him to drive or fly up to see us.
Our daughter is really their only grand daughter, and they take good care of her.
Quote:
Originally Posted by slapass
So if they need/want a new car? Roof? Europe vacation? Then one gets sick and wham savings are gone and the last one is living on half the income.
They are ok but is that what you want? To be ok?
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The entire family is all auto mechanics, and they aren't the "new car" kind of people. They have a Durango and a Escape, both paid for. Even if the cars both died and they had to replace them, they wouldn't buy new cars - they would just buy a used SUV.
I don't know much about Society Security, but from what I see they each pull in $2500 a month. That's $60k a year, plus mom pulls in a small pension.
I think they are doing okay.