I used to think that earning $1000 for each year of my age was about right. Now it’s $2000. At 55, I need to make $110K or else I stress about finances.
“At 55, I need to make $110K or else I stress about finances.”
Yeppers. Our fixed cost are over $50k per year, prop taxes health/auto./home insurance, utilities.
That 50k does not include entertainment/vacations, gifts, money for hobbies, unforseen expenditures, gas etc.
Why we keep working even though pour cfp said we can retire now we are age 60..
Worried about out living our money. Especially if inflation gets worse or the stock market collapses like 2008/2009