I agree. I would not have felt set at 50 with only $500,000.You should have a higher option. We would not feel set with $500,000.
Guess it depends where abroad you go.This is why you see a lot of retired people moving abroad as the dollar goes a lot further. I'm sure people will bring up inferior medical treatment but it is what it is.
Guess it depends where abroad you go.
A co-worker and his partner retired to Mexico 10 years ago, to a condo they have had for 25 years. It was an area they felt comfortable in for over 20 years, but the crime just got so back that they just moved back to the U.S. The inexpensive and what they felt was top quality health care they got in Mexico they say they will miss. But the soaring stock market the past 2 years has given them some cushion financially to buy great health insurance here, and a nice home they could not have afforded before.
Helps that my co-workers partner was a Stock Broker for 40 years.I chose random dates (the same one) two years apart. Jan 19, 2017 and Jan 19, 2019. The stock market was up 20% in that time. Fact (19804 to 23787). So, if I had 100,000 invested in the market, on average, I'd have 120,000 today. Certainly that's better than losing money over that same time period. But, it ain't that special. My big gain in my 401K came from the period 2008 (and I count pre-crash) to Jan 2017, where my 401K way more than doubled (200% growth). That is what has made me comfortable. And, like I say, I even count the massive loss I had from 2008-2010 in making the comparison. If I compare my Jan 2010 401K to my Jan 2017 401K that would be one super-impressive rate of growth....more than 3X the value (300% growth).
Helps that my co-workers partner was a Stock Broker for 40 years.
My medical expenses are not high post retirement (65).
Well mine soared also in the past 26 months.....fell back at the end of December, beginning January, recovered in at the end of February first part of this month.Don't care. I'd bet anything that it's not the last two years, but more like the last 10 years that have made the HUGE difference in their comfort level. That's my only point. Let's not forget that growing from 6443 (low point in 2009) to 19804 in 2017 is FAR more impressive and FAR more substantial than the 20% we've experienced since then. It's just irritating that people seem to have "forgotten" that one while we all "celebrate" the last two years.