Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.

@israel-r7

6 күн бұрын

Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks

@Matthew-g5t

6 күн бұрын

@@israel-r7 However, if you do not have access to a professional like Clementina Abate Russo, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments

@israel-r7

6 күн бұрын

@@Matthew-g5t Oh please I’d love that. Thanks!

@Matthew-g5t

6 күн бұрын

@@israel-r7 Clementina Abate Russo is her name

@Matthew-g5t

6 күн бұрын

Lookup with her name on the webpage.

I have seen a lot of retirement plan videos but yours is realistic and your voice/presentation is so clear. Great !

@RetireCertain

3 жыл бұрын

Wow, thank you! Most people that talk about retirement plans are financial advisors that sell wealth management services. Even though I am a financial coach, I talk about my own experiences, so have a different perspective.

At 3% withdrawal of 1 Million is $30k a year, which would be near impossible to live in the San Francisco Bay Area. If you want to live like a baller, move to the Philippines and you would be making more than a doctor. A true millionaire has a net worth of over $3 million in 2022 due to inflation.

@RetireCertain

Жыл бұрын

Everyone is different depending on their desired lifestyle, and as you point out, locale. Thanks for comment:)

Here is the deal: I don't have a car. I don't have cable or any streaming services or subscriptions. I never eat out -- breakfast, lunch, or dinner. I don't drink anything but water --- ever. I don't gamble, smoke, or do any drugs. I don't go on vacations. No Gyms or Spas. No coffee or booze, as noted earlier. I don't use the internet to buy anything -- ever. Practice this and you can easily live off of about 20k a year. Practice this, and truly retire early or retire stress free. What I do: Library, outdoor exploring/hiking, Reading, Exercise, Cook, Love, Tennis

@RetireCertain

3 ай бұрын

Glad you've found something that works well for you. Thanks for sharing:)

Excellent advice! Thanks!

@RetireCertain

2 жыл бұрын

Glad it was helpful Thanks for your comment:)

Good advice. Really enjoy your channel and your guidance is spot on.

@RetireCertain

3 жыл бұрын

Thanks and welcome

Another Great Video Camille!

@RetireCertain

3 жыл бұрын

@Down Home Money, thanks!

Good video. On the 4% topic: Vanguard published an excellent research paper in June 2021, putting the Bengen study into perspective and updating it for longer retirement periods, current return expectations, modern views on diversification and expenses ratio’s, and most importantly, discussing a dynamic withdrawal strategy.

@RetireCertain

2 жыл бұрын

I'm working on a paper with the dangers of most retirement plans. One of my key points is every time studies on the 4% rule and safe withdrawal rates are updated, the results are different. That's very telling. What's really relevant is how the assets the investor owns performs during her own retirement, not what the assets did during the study period. Thanks for your comment:)

@johngill2853

Жыл бұрын

@@RetireCertain of course what's most relevant is the returns you will get in the future. But the problem and why we use studies is because we don't know what the returns will be in the future. If we knew what returns will be in the future we would simply all by the highest returning asset classes.

Really nice video!

@RetireCertain

3 жыл бұрын

Thank you very much!

I think you have hit the proverbial nail on the head. I would retire now if we could travel to all the places we want to go. Glad we have spent the last decade traveling before the RONA hit. So until it opens back up I may as well continue to work. I like my job and I get to work remote most days. So why stop since we can't do the things we want. But at any rate I will pull the plug on working for a paycheck within the next 2 years. I will be 56-57 and can cruise on cash and non retirement investments well into my early 60s if we have to and then start pulling from IRAs.

@RetireCertain

3 жыл бұрын

That's such a good point about travel. And so nice to work from home.. I avoid spending capital as much as possible but that's me; sounds like you've got a retirement plan that works for you:) Good luck with your plan to retire in your 50's

I could listen to this voice reading a phone book 💐 Very well presented info!

@RetireCertain

2 жыл бұрын

Wow, thank you! After 13 years overseas my Southerness is still heard:) So kind, many thanks:)

I think 2 or 2.5 is going to be my plan. Having a private pension 33 percent higher than that 40k should allow me to keep the 401k and other investments compounding (hopefully) Stopping at 57 or 58 is the plan. Thanks for your videos and any "nasty comments" to you are ridiculous.

@RetireCertain

3 жыл бұрын

R Good, you made my day. Sounds like you have a well thought out and good plan and are very fortunate to have a pension. I truly appreciate your comment:)

Its about DEBT and EXPENSES really in context to how you have saved

@RetireCertain

2 жыл бұрын

You can control debt and expenses and have low income and not really achieve financial independence. I like to focus more on income generation...and remember paying 10% interest so I am not anti debt. Everyone has what works for them:) Thanks for comment.

Bengen came out a few years ago and stated he would revise the 4% rule to 4.5%. The reasoning being once in a blue moon events like the great depression and 70s inflation significantly dragged down the withdrawal rate. In fact withdrawing as much as 5% is possible. As with interest rates....The study surrounding the 4 percent rule took place over a very long financial period that saw multiple different types of financial environments. Yet the rule still held up. I just think way too much is being made about today's interest rates when it comes to the 4% rule. I believe the rule as is is still very much valid and already accounts for the worse financial period in our history.

@RetireCertain

3 жыл бұрын

You're right; Bengen has updated the rule, which is always subject to how markets have performed. With 40 year bond market over it will be interesting to see how it plays out in the future. After the 2000's, all the advice was to withdraw 2-3%, now after a long bull it's back up to over 4%. My plans, fortunately, aren't dependent on 4% withdrawals, except maybe in 80's assuming good health:) Thanks for comment.

You can pretty much retire any time you want. In fact you should retire early and often.

Income, income, income, income

Very nice information...

At 50, playing catch up, this video is very helpful . Love to know your favorite dividend stocks. I thought the goal of the 4 % rule was to preserve the investment and only cash out profits thereby never touching the core balance? So , not spending down to zero, but preserving with continued growth for future generations. I’d love this explained in further detail. Thank you

@funkynosejob

3 жыл бұрын

The goal of the 4 percent rule is to use up capital at the right rate.

@RetireCertain

3 жыл бұрын

Hi Debbie, No, the 4% rules spends down whatever is in the account with the goal of not running out of money. I do not give stock picks; I think it's more important to have an overall investment plan that will survive both good and bad times, within acceptable risk, and to have income that covers or exceeds expenses. Also, a dividend stock can be great one day and not so the next day so I tend to avoid popular but temporary stock picks. Thanks for your comment.

@princesskaitlinhazelwood4703

3 жыл бұрын

It is 4% Of the account year one. The next year it is the same dollar amount that the 4% was in year one plus an inflation factor. You keep adding on the inflation factor. The point is you use some of the original nest egg because some years the market will have a loss but you still need money the Monte Carlo simulations, show with low probability you will not run out of money in thirty years. But honestly these are just hypothetical market returns.

@duneme

3 жыл бұрын

@@princesskaitlinhazelwood4703 Yes, Thank You! 4% + inflation!

@jjgreek1

3 жыл бұрын

What about annuities …you don’t really talk about these

‘So smart. ‘So pretty. ‘Great channel. I always learn so much here.

@RetireCertain

3 жыл бұрын

😊 thank you

An article was recently published in Investors Business Daily in which Bengen says the 4% rule is too conservative and should be increased to 4.7%

@RetireCertain

2 жыл бұрын

The recommended withdrawal rate is a always factor of returns during which the study period was done. The study period could be completely different during one's actual retirement. Sure, after stocks have increased over 400% since the last serious bear market which ended in 2009, 4.7% looks very reasonable. I've watched the retirement withdrawal recommendation change many times over the past 2 decades, and it is always dependent on market returns:) Thanks for your comment.

Can you focus on the same exact thing but add in medical insurance costs for those of us that do this, along with Obamacare strategies..

@RetireCertain

2 жыл бұрын

I am not an expert on health insurance although I did work with this a lot trying to keep costs down and get good coverage through both with our entity/corp initially and then personal because it was cheaper and I never go to the doctor anyway. I used a local broker my CPA suggested who was amazing and she helped get our costs down; she was free to us so I suggest that. I may interview an insurance expert since you're the 2nd person who has asked for this:) Thanks for your comment.

Focussing on dividends ignores the total return concept. Dividends are important but what so many people seem to overlook is that, to the investor, it really doesn’t matter if profits are paid out as dividends or retained instead as the price of a stock drops on the ex-div date by exactly the amount of the dividends declared.

@RetireCertain

2 жыл бұрын

Thanks for pointing this out. It really depends on if the investor needs structured income streams or not, IMHO:) I do love the certainty of a dividend, assuming it doesn't get cut! haha

@johngill2853

Жыл бұрын

@@RetireCertain the certainly of the dividend payment isn't much different than the certainly of historical data for safe withdrawal rates

@meowmeow58492

10 ай бұрын

I have seen this countless times. But stock price changes rapidly. I have seen zero impact or even price shoot up even after ex date? Why? Well prospects and some corporate plays...nothing to worry about divyy if it is secured, imho

@Pieter2360

10 ай бұрын

@@meowmeow58492 Stocks move for all sorts of reasons but it’s a mathematical truth that the price drops by the dividend declared. The fact that one doesn’t see that as the price may have risen due to other factors (negating the effect of the dividend) doesn’t mean the price effect of the dividend hasn’t happened. As shareholder, you’re entitled to the residual assets of the company. When a dividend is paid, you receive part of those assets and therefore that values can no longer be part of the valuation of the shares. In other words, you can’t have the cake and eat it. For a more comprehensive discussion on why dividend investing is suboptimal, check out The Irrelevance of Dividends by Ben Felix.

Gonna start drawing 2% from IRA (1.2mil) at age 62 - have a Federal pension that a "Supplemental" portion will no longer be included at that age which will make up that shortfall, will wait till 66 10 mons. to acquire full Social Security and turn off drawing fron IRA until required at age 72 - your thoughts?

@RetireCertain

2 жыл бұрын

Hi Neil, thanks so much for sharing your plan. There are so many variables I would never pretend to know what you should do, especially on only this information. My work is about empowering others to know that they know better than anyone what they should do with their money. When we don't know, we spend the time, learn what we need, and make our best decisions based on what we want in our lives and what we like to do. It sounds like you have done well and are very smart with your money. You can always hire a financial coach like myself or a financial planner with expertise in your specific query area (I am not a pension or Social Security expert) for an hour to see if they spot any holes in your plan. I think asset allocation is the biggest factor at your level bc a big old secular bear market comes along and blows even the best plans for unprepared investors as we saw in the 2000s. I like your bear, btw. Good luck:) C

You look so regal. This is how most women hope to age.

@RetireCertain

2 жыл бұрын

Awwwe. That's so nice. Thank you:)

I am Property Managing Rental Houses we bought when the market was down! Wife works and has a 401K (not great but, I’ll keep that amount private!). We are thinking about another 7-yrs for her! We are 53 now! Our goal is 60 in other words! Hope everything works out!

@RetireCertain

3 жыл бұрын

You were smart to buy when the market was down! Thanks for sharing. Wish the best for your retirement plan.

@duneme

3 жыл бұрын

@@RetireCertain Thank You! Per Zillow my Rental Houses reached a first today! Total value adds up to just over $2,000,000! I’m excited, impressed, feel very lucky, basically a world of emotions! At the end of the day, I feel our Retirement will be just fine! Couple the Rentals with my Wife’s 401K and I think we are (or will be when she Retires) ok!

@DownHomeMoney

3 жыл бұрын

@@duneme Congrats! Real Estate changed our lives and allowed us to be free! Go enjoy your life!

@duneme

3 жыл бұрын

@@DownHomeMoney OK, just because you said so! Seriously, we are working on building our Legacy right now! Today I worked at a Rental getting Dirt out of the Rocks from a new Fence I had put in last week! I’m just a Landlord but, I love it! I was working like a nut today! I didn’t get paid for it or anything! Felt great!

@DownHomeMoney

3 жыл бұрын

@@duneme Love it! That’s awesome!

Sounds like I should be retired! I like this woman. I'm a new subscriber TY

@RetireCertain

3 жыл бұрын

Welcome James. Thanks:) You made my day.

In practice you should be able to realize 4-5% return on your $1m investments through some good ETFs or equivalent (S&P 500 = 8% annual returns on average during its existence), and take a drawdown from your funds which in some years may eat into your investment and in some you'll be 'in profit'. You can't take your money with you (but you may obviously want to leave some inheritance to your family) so what's the big focus on 'income' vs using your assets???

@RetireCertain

2 жыл бұрын

My personal preference is to have both income generating assets outside of paper assets and a tactical portfolio structured to allow for perpetual of 5% withdrawals when needed while leaving half of return to grow. My work is based on finding what works for each individual based own their assets and interests and desires. Everyone has to do what works for them so they can be happy and enjoy life, the ultimate goal. Cheers:)

@johngill2853

Жыл бұрын

The big focus is many people want to take as much as possible without running out of money or have to severely cut back as you get older. Long term averages of the S&P 500 might just not exactly match your investing timeline and retirement. Most likely they will be close but we focus on what's a safe withdrawal rate just in case it isn't.

An immediate support on the downside is near the 32,650 level. It is near the 61.8% Fib retracement level of the upward move from the 30,185 swing low to 36,698 high USD

@RetireCertain

3 жыл бұрын

Sounds like you're a swing trader. I think charts and technicals have a lot of value. Good luck!

My husband and I have social security and pensions. We are hoping not to have to withdraw money from our TSP till later. We are also hoping to wait till age 70 to claim our benefit. We also own our home and have no debt. Can you talk about debt in retirement

@RetireCertain

3 жыл бұрын

Lieu, thank you for your comment and question. I will make a note to do a video about debt in retirement. Best, Camille:)

@thienthan324

3 жыл бұрын

@ElbowPeep I was watching another video about social security benefits break even point. If a person is to collect at 62 yr old vs 70 yr old. The 62 yr old would have already collected 8 yrs worth of payments by the time he turns 70. It would take a person about 15 yrs to collect the same amount as when someone collects at 62 yr old. So by that time the you’ll be 85 yrs old already. Of course everyone’s payment is different, so it’s just a roughy estimate. And how long does the person think they’ll live. If a person starts collecting at 72 and pass at 80, they actually collected less money than if they were to collect at 62. I hope it makes sense. Look up the break even point. I think I will collect at 62. Thanks , stay safe everyone 🙏

Rental properties returning >5% Nope! not if you buy today. You'd be lucky to get a return of 2% (if leveraged) or 4% if bought with cash.

@RetireCertain

3 жыл бұрын

Real estate is very expensive now in most areas of the US; many of my videos are about buying assets at low to fair valuations. My experience has been that there are, however, diamonds in the rough in real estate. Thanks for your comment.

@daveharness70

2 жыл бұрын

Like she said, buy it right and you'll be fine. I bought 3 in 2017-2018 and did great. Have returns of 8-10% AND large appreciation to boot! I'm waiting and looking for the next deal; just be patient.

$1M x 4% = $40K/yr - $18K for health insurance (pre-tax) = $22K - 15% LTCG = $18K = $1500/mo.

@RetireCertain

2 жыл бұрын

Yikes.

Depends on where you live

@RetireCertain

Жыл бұрын

That and more:)

Can we retire at 66 and 71 $1,500 a month total ss 1/4 of a million paid for house, no debt and we don’t travel

@RetireCertain

Жыл бұрын

Hi Lynn, there are so many factors that go into this question I would never attempt to answer this here. I advise everyone to understand their investments and expenses well enough to discern this with a fairly high level of confidence, along with a Plan B, even if you use a financial advisor. Thanks for your question though:)

Could you please share the contact information of your health insurance broker?

@RetireCertain

3 жыл бұрын

I don't want to bombard her. The referral came from my CPA, so I would ask if you know of any CPA's. Another good source to find a good independent broker is through small medical practices or therapy clinics, etc. Good luck.

Ask T how reliable income is? Blue chip stock slashed dividends in half. Price tanked

@RetireCertain

3 жыл бұрын

To me the real issue is stocks trading at levels disconnected to reality. Thanks for comment.

Also move. In watched a similar video in which the couple retired at 37 with $270k of passive income from dividends. They could NOT afford to live in San Fran. Find cheaper places to live.

@RetireCertain

2 жыл бұрын

Yes, retirement lifestyle is where we always begin:)

I’m taking out 8 thanks to Dave Ramsey

dated because of current monetary policy and the way the Fed keeps everything juiced. In modern times can make 12% a year in index funds. Back in the 60s, 70s 80s you could not.

@RetireCertain

2 жыл бұрын

It depends in which index funds you're referring to. 12% a year returns in stocks will change. That is why I'm a tactical investor.. Every decade has it's issues and conditions, as well as opportunities. Google Dalio decade. Good luck.

@mikeraz594

2 жыл бұрын

@@RetireCertain sure that can happen again like it dd in the late 60s to early 80s. But Reagaonmics fixed all that by lowering corporate taxes to boost investing and subsequently spawning innovation, hence the secular bull market we have been in since 1982. Biden does want to change all that so I agree with Ray it will cause poor returns for years. Ultimately the choice is ours as voters. Vote out al these liberals policies that implement communism. It is that simple!!!

$1 million is lunch money now....one needs at least $10 million

@RetireCertain

2 жыл бұрын

$1 million isn't what it used to be that's for sure.

how about 39? I am really sick of working

@RetireCertain

2 жыл бұрын

It depends on you:)

Please address annuities and the pros and cons of choosing that as means of withdrawal method to retire certain

@RetireCertain

3 жыл бұрын

I only talk about things I am doing. While annuities may work for some investors, right now, annuities don't have a high enough return for me to invest in them given the other alternative investments. Thanks for your comment though:)

@kaeirenaslp9154

2 жыл бұрын

Annuities have many fees and guarantee a certain amount interest. However, why settle on 8% when last year, I got a 99% return on all my tech stocks. Average in last 7 years has been >23% on ETF’s/Index Funds. Stupid stupid. The only person who benefits are the one’s selling annuities.

@kaeirenaslp9154

2 жыл бұрын

You should be diversifying all your investments as well.

How do you put $ in this market when it went up the amount in 1 year that it did 15 years combined ??? And when 50% of businesses closed. Seems like we will have a 15 year correction going down 5% every year.

@RetireCertain

3 жыл бұрын

My own core "passive" portfolio is positioned for the next correction as I use a tactical asset allocation strategy that rotates among assets every month or two. Thanks for your comment.

@idiocracyishere4531

3 жыл бұрын

You have a pretty crystal ball

@mikeg2538

3 жыл бұрын

@@RetireCertain I mispoke. I just got angry at missing the last year of gains. I think the last few months show that the major stock spikes were not fluke like Overstock stock. If we stay sideways, Im bullish and will go 90% index funds and 10% cash. I think we may not see 60% returns but cool down to 20% returns

@mikeg2538

3 жыл бұрын

@@idiocracyishere4531 I was seeing who felt bearish. I exaggerated

What are your Fee's and Should I invest in Crypto ?

@RetireCertain

2 жыл бұрын

I have not invested in crypto. I almost bought in Feb...2019 but someone I listen to and respect their financial advice (there aren't many at this point!) recommended against it. Urg. The timing would have been perfect. I learned once again to make decisions based on what I see and know, not what other recommend. To be honest, I really don't understand it well enough to invest in it, though. Please see retirecertain.com/ Hire Me for a strategy session. I work with only a few clients at a time and tailor my programs after the strategy session if they want more help. Best, C

I'd think very carefully about your future costs. It's one thing to calculate your costs when you are younger and healthy. It's another to consider the real costs you may face when you are old. The average annual cost of a nursing home today is $100K. It will be substantially more in the future. So if you can save $2 million today and only need $50K to live on, what happens if you annual costs become $200K to $300K per year? What happens if the stock market is flat for 20 years? Don't think that can happen? Check out stock market history from the 1960s to the 1980s.

@RetireCertain

2 жыл бұрын

I agree about future costs and stocks. Stock market in first 2000s decade was slightly negative. That is why I don't rely on stocks only. And there is inflation also affecting cots, especially in health care. Having said that my work and approach in general is more about the income and wealth building elements, and what we can control vs what might happen, like a nursing home. But better safe than sorry:) Thanks for comment.

@WorldTravelandExcursions

2 жыл бұрын

Average people didn't invest in the stock market in the 1960's.

@johngill2853

Жыл бұрын

@@WorldTravelandExcursions average people have no bearing on today's stock market prices either. Doesn't the top 10% own 80% of the stocks? We could definitely have a flat decade or two. Stock prices are based on future events that haven't happened yet and I could definitely see some risk in the US economy. But hopefully that risk doesn't show up

Despite all the economic crisis this is the best time to start up an investment

@RetireCertain

3 жыл бұрын

I guess it depends on the investment. Thanks for comment

@johngill2853

Жыл бұрын

It's actually the second best time, the first time was the day you started working.

It's all great but nothing specific to help me at this point. Sounds like need to pay an advisor.

@RetireCertain

3 жыл бұрын

That's always an option. I have a lot of information on my website. Thanks for your comment.

Bengen not Bingham

@RetireCertain

2 жыл бұрын

That's what I said.

Hi ,Love your Information you give out !!! I am 56 and have Have a 401k currently Tiaa $180k i put in 10% with 5%match.. i also have rental property to help my retirement income $3500 month.... Very Pretty lady !!!

@RetireCertain

3 жыл бұрын

Well, thanks Joe for both your investment strategy and your compliment. Yes, that employer matching sure is nice free money; I remember those days. I like rental properties, too. Sounds like you're a smart investor. Best, Camille

Fun fact... the ETF QYLD pays out about $4800 per month dividends on $500,000 investment. If I had 1 million dollars, that's what I'd do with half of it.

@RetireCertain

3 жыл бұрын

Thanks for that fun fact; the ETF QYLD sells covered calls, which work well in bull markets like we have had since their inception in 2013. IOW, I wonder how they'll do in less vibrant markets.

@sirfriendzone1228

3 жыл бұрын

@@RetireCertain I'm sorry I didn't come back to fix this... RYLD is currently a better option than QYLD. QYLD is up 2.88% ytd and RYLD is up 16.99% ytd. I just added RYLD to my portfolio.

Husband!!???? Darn😔. LOL 😇🤣🤣🤣🤣

@RetireCertain

3 жыл бұрын

ha ha . I'm flattered, wrinkles and all.

Does a person, who can save a million dollars really need advice on if they can retire or not. I'm sure they can do simple arithmetic.

@RetireCertain

3 жыл бұрын

Some people yes and others no or they wouldn't ask me, would they?

@markkeller9378

3 жыл бұрын

Seek a social security and TAX expert. CFA not a CFP.

@GrnXnham

3 жыл бұрын

1 million dollars really isn't that much money anymore and there are plenty of people who have saved it but don't know how to manage it correctly.

@milkncookie

3 жыл бұрын

You'd be surprised how poorly people manage their finances... $1M is not a a small amount but it's just enough to have people live with a lot of anxiety and fear of running out.

@LarryManiccia

3 жыл бұрын

No matter how much you think you know it’s always good to get the perspective of others. You can always learn something new that you didn’t know and that can save you a lot of headaches and money later on.

You cannot live on 40k per year....rubbish

@RetireCertain

3 жыл бұрын

Some people can and do, It's all relative. Thanks for your comment.

@Bob-yh7ir

3 жыл бұрын

We do. Family of 3 and our yearly expenses are around 35-37 K That's with one overseas travel trip a year plus going out locally to festivals, etc. No debt, everything paid for including the house. Kiddo just got out of school and has her first job starting in a couple weeks. Once she gets out on her own and takes over her own car insurance, phone bill, food, etc. It will be like getting a raise. I calculate our household expenses for my wife and I to go down to 28 to 30 K Then lots of long term travel in store for us as countries open back up. Might be another year before that picks up again.

@markbajek2541

3 жыл бұрын

Assuming you use a portion of the $1,000,000 to pay off your house and car, basically get your living expenses down to the minimum it's doable There are plenty of places even desirable places where you can get a home for under $150K Some states allow you to have an income of $15-16K per year and still qualify for medicaid coverage . So really if you are free and clear of all major costs, (house /car) you're expenses boil down to insurance/taxes/utilities/food/and daily living stuff like toilet paper and clothes. It's easily doable. Pick a town where you can walk to a lot of what you need and you can take the dial a ride bus thing for a $1-2 bucks to places you can't walk to.) Heck in parts of Michigan you can live within a few blocks of lake michigan beaches for $150-200K, or rent brand new subsidized apartments near the lake for $500- $600 a month if you didn't want to be tied down to a house with all it's expenses as you age like property tax and insurance and maintenence as you get older and many if not all of the utilities are included in that price. No one says you have to live in a high cost city. Food costs in many parts of the US are easily under $200 a month for a single person. Plenty of people live off meager social security benefits of $900 a month (granted they live in a van) but you do what you need to do, or are happy doing to get by.

@milkncookie

3 жыл бұрын

I agree! One needs at least 4-6M, wait... Accounting for Inflation you'll need closer to 10-20M. Thank you Shahbaz Yusuf Orman.

@user-xl5hk3te9s

3 жыл бұрын

Oh, yes you can! I've lived on far less than that for years.