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Joined: Sep 2017
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SS can be as much as $2687 per month right now. You can have 10 bucks in the bank, 100,000 in the bank, or 10,000,000 in the bank it doesn't matter.
Now cost of living. In Ohio only as I don't have a clue about other states. But even if your house is paid for it's going to cost you about 4,000 per month to pay your taxes, insurance, car payments, credit card payments, utilities, and living expenses. That's assuming you don't run up huge medical expenses, then there is no way 1,000,000 last you 33 years. That's 110 percent grade a bullcrap
hahah you said that's bull crap, yet your entire post is bull crap. you realize that there are millions of people living right now on less than 4K a month right? so your entire post is bull
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Joined: Sep 2017
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but for a civilian, it is. so how much is their medical cost? do they have medicare? private insurance? if you're on SS, don't you automatically get medicare? how much is that a month? Medicare part A is free Medicare part B costs me $134 per month Medicare advantage plan cost me another $110 per month Then you still have to cover your co-pay which is 20 percent up to your out of pocket limit, and your part of scripts. Paul Ryan and his cronies are just salivating at the thought of gutting it all. If the GOP gets its way you, my parents, and certainly me by the time I’m eligible, will not have such ‘entitlements’. Well to be fair, I would be making a ton more if that money I paid into SS was going into a retirement account. J/S
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Joined: Sep 2006
Posts: 51,011
Legend
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Legend
Joined: Sep 2006
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It all depends on where you live, and how you manage your income.
I get less than $1500/month from Social Security, and I manage to get by. For the most part, I am careful with every penny I spend. I take advantage of all of the patient assistance programs I can, for hospital and test bills, and prescription drugs. I pay for everything with rewards credit cards. I have started using the coupons.com app, and made $8 on my 1st time to Wal-Mart using it. (plus a $25 bonus for signing up with them)
It's not easy getting by on a limited income, if you want a lot of "stuff", but for the necessities, it's doable.
Micah 6:8; He has shown you, O mortal, what is good. And what does the Lord require of you? To act justly and to love mercy, and to walk humbly with your God.
John 14:19 Jesus said: Because I live, you also will live.
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Joined: Jul 2014
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The key word here is "retire". You've got 30 solid years to get a few things in order. And that's assuming you retire in your early 50s. House should be paid-off. Fully furnished. A couple cars. But let's assume you've got nothing except $1,000,000 cash. Hand me $1,000,000 cash. I could live like a king with $1,000,000 cash. Not in California. But maybe Cleveland. Definitely Mississippi, Arkansas. You could rent a very nice place for $2,000/month. That's only $200,000 for 100 years. Get a nice $20,000 used car every 4 years.  Those stacks containing 10,000 $100 Bills look sweet.  Yeah. Give me 10,000 of these.
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Joined: Sep 2006
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Legend
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Legend
Joined: Sep 2006
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You could rent a very nice place for $2,000/month. That's only $200,000 for 100 years.
What?
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Joined: Sep 2006
Posts: 51,011
Legend
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Legend
Joined: Sep 2006
Posts: 51,011 |
You could rent a very nice place for $2,000/month. That's only $200,000 for 100 years.
What? It's that new math ..... 
Micah 6:8; He has shown you, O mortal, what is good. And what does the Lord require of you? To act justly and to love mercy, and to walk humbly with your God.
John 14:19 Jesus said: Because I live, you also will live.
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Joined: Jul 2014
Posts: 7,612
Hall of Famer
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Hall of Famer
Joined: Jul 2014
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What a second.
Z = Y + (12/$2,000)(X) * 200 years
Z = Y + .087666(X) * 200 years
Carry the 1.
Two.
Or..
200/12 = 16 years.
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Joined: Sep 2006
Posts: 16,195
Legend
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Legend
Joined: Sep 2006
Posts: 16,195 |
You could rent a very nice place for $2,000/month. That's only $200,000 for 100 years.
What? It's that new math ..... 
#GMSTRONG
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Joined: Mar 2013
Posts: 18,204
~ Legend
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~ Legend
Joined: Mar 2013
Posts: 18,204 |
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Joined: Mar 2013
Posts: 52,481
Legend
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Legend
Joined: Mar 2013
Posts: 52,481 |
Quick mafs (please tell me you saw the video)
“To announce that there must be no criticism of the President, or that we are to stand by the President, right or wrong, is not only unpatriotic and servile, but is morally treasonable to the American public.”
- Theodore Roosevelt
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Joined: Sep 2006
Posts: 27,850
Legend
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Legend
Joined: Sep 2006
Posts: 27,850 |
It all depends on where you live, and how you manage your income.
I get less than $1500/month from Social Security, and I manage to get by. For the most part, I am careful with every penny I spend. I take advantage of all of the patient assistance programs I can, for hospital and test bills, and prescription drugs. I pay for everything with rewards credit cards. I have started using the coupons.com app, and made $8 on my 1st time to Wal-Mart using it. (plus a $25 bonus for signing up with them)
It's not easy getting by on a limited income, if you want a lot of "stuff", but for the necessities, it's doable.
Now add in a wife and watch your expenses GROW LOL
I AM ALWAYS RIGHT... except when I am wrong.
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Joined: Sep 2006
Posts: 27,850
Legend
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Legend
Joined: Sep 2006
Posts: 27,850 |
so your entire post is bull Your starting to sound like my wife bro. 
I AM ALWAYS RIGHT... except when I am wrong.
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Forums DawgTalk Everything Else... Got $1 Million To Retire On?
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