Quote:
Originally posted by SoCal911SC
Interesting article - I always wonder about those, though.
How can a retired person have a net worth of only $199,000?!? How can anyone retire having so little? A 65 year old can easily live another 20 years. Fixed income of $32K, and a nest egg of only $199K doesn't sound like a fun or secure way to spend those 20 years.
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Funny my grandparents had substancially less than 200 grand and they lived quite comfortably in there retirement. They were simple people with simple tastes. They owned ther home which helps alot. Its not hard to get by with out a lot of luxurires, there are many of us who do this everyday. Of course I live in the midwest not hollywood so our views of happy retirement are quite different.