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an
Participant[quote=UCGal]AN…
Do you plan to drive when you retire?I assume you’d use your current equity to pay for a place in Del Mar or Solana Beach.
Cars wear out…even when lightly used. You still need to budget for gas, insurance, tires, etc… if you own a car.[/quote]
Yes, I plan to drive. I said remove car payments, not car maintenance or gas, etc. Right now, even with today’s gas price, we’re paying ~$150/month in gas for 2 cars. When we’re retired, we can reduce to 1 car and we no longer need to drive everyday to work. So, I suspect it’ll be much less than that. I suspect insurance will go down to for lightly used vehicles vs vehicles used for commute. Tires will last much longer too. Right now, we’re driving ~10-15k miles/years, so tires should last 4-5 years. When we’re retired, I suspect 1 set of tires will last 8-10 years. Bottom line is, if you project the current expense for transportation (not including car payment) will be more than enough to cover the transportation cost during retirement.Yes, you assume correctly, I don’t plan to retire until I can pay off my retirement house.
ParticipantIt also depend on when you plan to retire as well. That makes a big difference. I’m planning to retire in Del Mar/Solana Beach area as well. I think that when I get to $2M cash, I would have enough to retire. With $2M, if I get 5% return on my money, that would mean yearly income of $100k. That would be more than enough for me to live on. Without car or house payment, $100k is way more than enough to retire on for me. You can look at your current expenses and remove housing & car and see how much you’re really spending. That will give you a good idea of how much you need to retire.
ParticipantIt also depend on when you plan to retire as well. That makes a big difference. I’m planning to retire in Del Mar/Solana Beach area as well. I think that when I get to $2M cash, I would have enough to retire. With $2M, if I get 5% return on my money, that would mean yearly income of $100k. That would be more than enough for me to live on. Without car or house payment, $100k is way more than enough to retire on for me. You can look at your current expenses and remove housing & car and see how much you’re really spending. That will give you a good idea of how much you need to retire.
ParticipantIt also depend on when you plan to retire as well. That makes a big difference. I’m planning to retire in Del Mar/Solana Beach area as well. I think that when I get to $2M cash, I would have enough to retire. With $2M, if I get 5% return on my money, that would mean yearly income of $100k. That would be more than enough for me to live on. Without car or house payment, $100k is way more than enough to retire on for me. You can look at your current expenses and remove housing & car and see how much you’re really spending. That will give you a good idea of how much you need to retire.
ParticipantIt also depend on when you plan to retire as well. That makes a big difference. I’m planning to retire in Del Mar/Solana Beach area as well. I think that when I get to $2M cash, I would have enough to retire. With $2M, if I get 5% return on my money, that would mean yearly income of $100k. That would be more than enough for me to live on. Without car or house payment, $100k is way more than enough to retire on for me. You can look at your current expenses and remove housing & car and see how much you’re really spending. That will give you a good idea of how much you need to retire.
ParticipantIt also depend on when you plan to retire as well. That makes a big difference. I’m planning to retire in Del Mar/Solana Beach area as well. I think that when I get to $2M cash, I would have enough to retire. With $2M, if I get 5% return on my money, that would mean yearly income of $100k. That would be more than enough for me to live on. Without car or house payment, $100k is way more than enough to retire on for me. You can look at your current expenses and remove housing & car and see how much you’re really spending. That will give you a good idea of how much you need to retire.
ParticipantI agree with UCGal. I wouldn’t count home equity at all. Even if you don’t plan to live in your current house, you still have to use the equity to buy another place.
ParticipantI agree with UCGal. I wouldn’t count home equity at all. Even if you don’t plan to live in your current house, you still have to use the equity to buy another place.
ParticipantI agree with UCGal. I wouldn’t count home equity at all. Even if you don’t plan to live in your current house, you still have to use the equity to buy another place.
ParticipantI agree with UCGal. I wouldn’t count home equity at all. Even if you don’t plan to live in your current house, you still have to use the equity to buy another place.
ParticipantI agree with UCGal. I wouldn’t count home equity at all. Even if you don’t plan to live in your current house, you still have to use the equity to buy another place.
Participant[quote=SmellsFeeshy]So if I get either the Infuse 4G or Atrix on AT&T will those support LTE once AT&T rolls it out? Or are they only capable of HSPDA?[/quote]
LTE is an entirely different network. So, the short answer is no. What I’ve read is that, even LTE phones between VZW and AT&T are not compatible due to the different frequencies that the 2 LTE network operate at.Participant[quote=SmellsFeeshy]So if I get either the Infuse 4G or Atrix on AT&T will those support LTE once AT&T rolls it out? Or are they only capable of HSPDA?[/quote]
LTE is an entirely different network. So, the short answer is no. What I’ve read is that, even LTE phones between VZW and AT&T are not compatible due to the different frequencies that the 2 LTE network operate at.Participant[quote=SmellsFeeshy]So if I get either the Infuse 4G or Atrix on AT&T will those support LTE once AT&T rolls it out? Or are they only capable of HSPDA?[/quote]
LTE is an entirely different network. So, the short answer is no. What I’ve read is that, even LTE phones between VZW and AT&T are not compatible due to the different frequencies that the 2 LTE network operate at. -
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