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UCGal
ParticipantI’m a little older (ok a decade older) and have been running the numbers for my own plans… The big kicker in every retirement budget I come up with is health insurance.
My husband is older than me, and will qualify for medicare in 6ish years. I’ve got 16 years. Kids (2 of them) will need insurance through college.
My goal is to get my house paid off early. (If things go well in 5 years or less.) After that, the other big budget item is health insurance. For a family of four, using a lower cost insurance (Kaiser Permanente HMO) it’s still over $13k/year. That’s a big chunk of money on a limited budget retirement.
If you use Quicken – they have the “financial overview” feature that you can plan all of your expenses vs savings/investments… You can put in stuff like college for the kids, when social security kicks in, when you can start drawing your 401k/IRA funds without penalty. You can play with the rate of return, etc… The key is coming up with a reasonable budget in the first place… then adding overage because…well, $hit happens in real life.
ParticipantI’m a little older (ok a decade older) and have been running the numbers for my own plans… The big kicker in every retirement budget I come up with is health insurance.
My husband is older than me, and will qualify for medicare in 6ish years. I’ve got 16 years. Kids (2 of them) will need insurance through college.
My goal is to get my house paid off early. (If things go well in 5 years or less.) After that, the other big budget item is health insurance. For a family of four, using a lower cost insurance (Kaiser Permanente HMO) it’s still over $13k/year. That’s a big chunk of money on a limited budget retirement.
If you use Quicken – they have the “financial overview” feature that you can plan all of your expenses vs savings/investments… You can put in stuff like college for the kids, when social security kicks in, when you can start drawing your 401k/IRA funds without penalty. You can play with the rate of return, etc… The key is coming up with a reasonable budget in the first place… then adding overage because…well, $hit happens in real life.
January 1, 2011 at 8:04 AM in reply to: This news is good for those who haven’t bought, yet. #646906Participant[quote=Rustico]It seems like buying something that requires two incomes to “sustain” is always stretching.[/quote]
I have to agree with Russell here. Maybe I come to that perspective because I owned a house before I got married… As did my husband. So the idea of doing it on a single income was natural.In an ideal world, folks would buy based on one income… which allows the other income to fund savings, etc…
January 1, 2011 at 8:04 AM in reply to: This news is good for those who haven’t bought, yet. #646979Participant[quote=Rustico]It seems like buying something that requires two incomes to “sustain” is always stretching.[/quote]
I have to agree with Russell here. Maybe I come to that perspective because I owned a house before I got married… As did my husband. So the idea of doing it on a single income was natural.In an ideal world, folks would buy based on one income… which allows the other income to fund savings, etc…
January 1, 2011 at 8:04 AM in reply to: This news is good for those who haven’t bought, yet. #647564Participant[quote=Rustico]It seems like buying something that requires two incomes to “sustain” is always stretching.[/quote]
I have to agree with Russell here. Maybe I come to that perspective because I owned a house before I got married… As did my husband. So the idea of doing it on a single income was natural.In an ideal world, folks would buy based on one income… which allows the other income to fund savings, etc…
January 1, 2011 at 8:04 AM in reply to: This news is good for those who haven’t bought, yet. #647700Participant[quote=Rustico]It seems like buying something that requires two incomes to “sustain” is always stretching.[/quote]
I have to agree with Russell here. Maybe I come to that perspective because I owned a house before I got married… As did my husband. So the idea of doing it on a single income was natural.In an ideal world, folks would buy based on one income… which allows the other income to fund savings, etc…
January 1, 2011 at 8:04 AM in reply to: This news is good for those who haven’t bought, yet. #648025Participant[quote=Rustico]It seems like buying something that requires two incomes to “sustain” is always stretching.[/quote]
I have to agree with Russell here. Maybe I come to that perspective because I owned a house before I got married… As did my husband. So the idea of doing it on a single income was natural.In an ideal world, folks would buy based on one income… which allows the other income to fund savings, etc…
Participant[quote=briansd1]Social norms would keep people from getting too much out of line because the “good” people would refudiate the “bad” folks.
The Internet is the community of the modern world. It you don’t want people talking about you, keep quiet, and don’t use the Net for commercial purposes.[/quote]
Are you going all Sarah Palin on us, Brian? LMAO.
Participant[quote=briansd1]Social norms would keep people from getting too much out of line because the “good” people would refudiate the “bad” folks.
The Internet is the community of the modern world. It you don’t want people talking about you, keep quiet, and don’t use the Net for commercial purposes.[/quote]
Are you going all Sarah Palin on us, Brian? LMAO.
Participant[quote=briansd1]Social norms would keep people from getting too much out of line because the “good” people would refudiate the “bad” folks.
The Internet is the community of the modern world. It you don’t want people talking about you, keep quiet, and don’t use the Net for commercial purposes.[/quote]
Are you going all Sarah Palin on us, Brian? LMAO.
Participant[quote=briansd1]Social norms would keep people from getting too much out of line because the “good” people would refudiate the “bad” folks.
The Internet is the community of the modern world. It you don’t want people talking about you, keep quiet, and don’t use the Net for commercial purposes.[/quote]
Are you going all Sarah Palin on us, Brian? LMAO.
Participant[quote=briansd1]Social norms would keep people from getting too much out of line because the “good” people would refudiate the “bad” folks.
The Internet is the community of the modern world. It you don’t want people talking about you, keep quiet, and don’t use the Net for commercial purposes.[/quote]
Are you going all Sarah Palin on us, Brian? LMAO.
Participant[quote=sdrealtor]Ummmm…. hair grows back after chemo. I seen that several times with family. Cosmetic surgery for burn victims is a very differen thing. My point is that if you are going to question accessibility to necessary care that improves ones physical health and longevity thats one thing but saving ones hair during chemo while avoiding a traumatic experience doesnt fit that and was a poor example IMO.[/quote]
Scarred skin doesn’t effect longevity. The cosmetic surgery done post graft is done for cosmetic reasons. Both are important to people facing or having faced life threatening issues.
Participant[quote=sdrealtor]Ummmm…. hair grows back after chemo. I seen that several times with family. Cosmetic surgery for burn victims is a very differen thing. My point is that if you are going to question accessibility to necessary care that improves ones physical health and longevity thats one thing but saving ones hair during chemo while avoiding a traumatic experience doesnt fit that and was a poor example IMO.[/quote]
Scarred skin doesn’t effect longevity. The cosmetic surgery done post graft is done for cosmetic reasons. Both are important to people facing or having faced life threatening issues.
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