How happy retirees spend $82,770 a year without having millions in the bank
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- Опубликовано: 8 сен 2024
- Commentators on financial freedom during retirement are quick to say that everyone needs about $2.2 million stashed away to have a good retirement. But I have seen folks live rich, fulfilling post-job lives on far less
My research on what makes happy retirees tick uncovered a magic number (of sorts) for contentment in this next phase of life - $82,770. This amount is the average annual household income for the happiest retired couples I surveyed.
Let’s explore each of these potential income streams in more detail, and then talk about investment income.
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You could have done a 5 second video and just told the average American they are screwed I mean its the honest truth and a very accurate statement.
So you don't need 2.2m. You only need 1m and a small pension, and a job, a hard-working spouse, rent out the spare bedroom, and hope Congress doesn't cut SS.
Dave Joseph
This sure was a waste of time. Applicable to maybe 3% of Americans.
@@happydays8171 Yep. ...bullshit for the common man/woman...
The common man and woman in America has the mindset that someone else will take care of them.
Money never did buy happiness, but it does buy freedom and control over your own life. That would tend to make most people happy.
I retired at 50 and have saved millions over the years of my investment. Don't need anyone to pay me anymore I need to be paying people now. lol
I seriously need a nice investment scheme invest my money. I'm thinking of investing in stock, crypto or real estate.
@@williamsfletcher6911 All of this you mentioned are very good, I invest in crypto; I started in 2016 and today I am venturing into real estate
crypto trading should be on every wise individual list. In a few years you will be ecstatic about the decision you made today. Trust comes from the heart I have doubted crypto for so long until I finally decided to give this a trial
@@nathancook8325 have always want to invest but have heard about many lost. I'm scared; need someone to guide me here
$82,000? Chuckle. I live like a king on $60K and can live comfortably on half that. EVERYTHING is paid for. I travel, spend too much time in restaurants and my toy box is full. (I make a Country Club home and the Benz in my driveway is paid for.) I manage my resources and always have. Real-world: About half of Americans reach "retirement" age with a portfolio of $25,000 or less.
If your house is paid off and you have medical insurance, you can live quite well on lots less. I plan to "work" at my hobbies. Maybe help out around a gold course, tend bar a couple of mornings, and/or a record store (if I can find one). I wont need the money, but extra money never hurts, more so to stay active and be around like minded people. Think about jobs or things that you would like to do if money was not a concern...and do them. I have a retired friend who is an usher at Cardinal games. He makes about $40 per game (40 x 81) so about $3200 a season, and gets paid to watch every game. Nice little gig, and he doesn't think it's work at all.
jamie t that’s exactly my plan work as usher to every musical play in town when I retire. Meet new people enjoy the play while earning some cash for my charity group.
Tend bar in the morning? Who drinks in the morning? :) Good for you!
@@bk1bennett My ex owned a 6am bar. You would be surprised. Nurses, dock workers, factory worker, cops, tons of people who work late shift. The place was packed.
Then when it would rain, and the trades got canceled - all the union guys would show up. Serious business and a great clientele.
She had 6am pool and dart leagues. Really hopping until about noon, and that is when the pretty bartenders showed up along with a different type crowd.
$82k gross and $82k net is not the same... your conclusion on $500k investment savings over $950k is inconclusive. How is $500k ok?
Avoid debt. House paid. Spend wisely. Invest in stocks mutual fund. Be grateful. Be content. Be happy.
All of that requires a steady stream of income throughout a lifetime, i.e., a job with a valued skillset. For that kind of job, a person needs an education, either to set up their own business or to sell their skills to someone else's business. My point is they should tell their children to get good grades in school, so they can live and retire happily.
Very well said! All true!
$82,770 to live a rich, fulfilling life? I'm 72, male, single, own home, no debt. I need about $1000 mo. to cover monthly living expenses, including property taxes. That represents about 30% of my "net" retirement income. I have hobbies and interests that provide plenty of activity and diversion. I don't have to be spending money to be happy, so both saving and "giving" are easy, without stress. I'm rich, I'm blessed, I'm happy. What more could I want? All on half of that $82,770. Oh, yeah! Travel? Did that in my early years in the military. Might have to bag some more states in the future though (21 to go, yet).
It sounds like you've set yourself up for a happy retirement on your own terms, and I love it! Congratulations!
Investing make up the top notch hemisphere of the wealth. That's the more reason one should save and invest to secure profit and ensure success
I can’t come across investment and life planning comments like this and become ignorant lol
also most people remain poor out of ignorance
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I’m just surprised you mentioned Expert Robertson my broker too......c’mon you must have made it big by now
The average American is saddled down in extreme debt and they live from paycheck to paycheck only one paycheck away from being homeless .
Too much fluff. Cut to the chase..
problem is that this couple actually only has taxable income of $67,100 and their tax is only 7670.88. They have NET income of $92,329.
If they stop working, their net income is $82,988 because now they only pay $5012 in tax. Ironically that is almost the EXACT amount of money they need to "be happy" in Wes' example.
So, by working they are losing 100 hours a month , assuming they're making $10 an hour. And that extra $10k a month over the course of the year is doing nothing to increase their happiness.
Moral of the story, they should quit their jobs immediately!
Gotta understand the tax code folks.
Pay off your mortgage. Live on less. Take out only what you need.
That's a good idea if your home is deeded in a trust. If not, would it be more advantageous to refinance the home and use the home as a source of income that way? Or is that frowned upon?
@@melvina628 : Never do that, once a mortgage is paid off, it is paid. If you need money, work on a part time.
I think he is right. Social security will not disappear and you will hopefully have other sources of income.
Money doesn’t buy happiness. But it buys a wave runner. Have you ever tried to frown on a wave runner?
Most of these retirement videos don’t apply to people in California. Incomes are higher, and so are the taxes.
There are just far too many "assumptions" here. The biggest problem is looking at average annual retirement spending for Americans. Wes Moss's wealthy clients may have $100,000 in pretax retirement income but the American average is only $48,000. And that $48,000 is probably heavily skewed to the high end because of Wes Moss's $100,000 income clients. The only "median" figure of "elderly" spending I could find came from the Center on Budget and Policy Priorities and was $44,000. However, that reflected about $47,000 for White and Asian households and only $32,000 for African American and Latino households. Social Security benefits contributed about 40% of those amounts. Given the very small median balances in retiree investment accounts ($172,000) and the 4% withdrawal rule, it is obvious that working part or even full time will be a necessity, not an option, for most Americans.
Very few have pensions and you are not retired if you work. You are a part time employee.
This was a useful exercise of breaking down the source of funds versus the typical you need a million dollars to retire. Taking into consideration social security, pensions and investments to determine annual available cashflow was extremely helpful. Approaching retirement planning in this manner allows you to look at your various resources and quickly determine whether retirement is a possibility and areas that might require attention. Thanks.
All these guys never take into account health status. Health status is the most important criteria.
It’s all about the amount of debt you have. I am debt free. The older I get the less stuff I need. Spending that amount of money per year would be a source of stress rather than happy. However It would be nice to have that large live aboard sailboat to travel the world on.
Too many assumptions, most people don’t make 83,000 no less have a million or 500,000 saved. This is all common sense when you have money saved.
Why do you assume everyone is married and that they receive a company pension or rental income? This is very unrealistic for most people.
somi1
Just fill in the blanks for your situation.
I can't imagine what you'd spend 82k/ yr on if you had no debt. Food, water, occasional home repair? occasional car repair. that's for most people. Hell I do all of my home/car repairs myself. that would leave 50k-60k to blow on travel or beer or whatever. that is a LOT of damn beer.
tots I make 60k a yr and spend about 15k but that's including $400 rent. the rest goes towards savings and back into my company because i don't know what else to do with it. well that and the tax right off lets me practically by stuff half off with tax returns are filed.
you could always get a boat…
sorry, i've been watching a lot of sailing yacht videos lately,
no chance you need $82k, in the UK you would just need $16,000 a year. $12,000 you get given to you from your standard pension. So you just need a spare $4,000 a year to live well assuming you are mortgage free.
Heck yeah, beer! 😅😅
I live in a NYC borough, but my
house is paid off, college for the kids are paid in full (2 kids), and
we have $0 in debt. I feel really good after watching this video.
I think $50k a year is all the wife and I need for a happy life. Fingers
crossed.
retirement is not age related- it's a financial senario
Thx Wes..excellent info!
Unlike SS, most pensions do not include a COLA, so over time, the amount required from investments increases beyond the increase in inflation. Over 25-35 years of retirement, this will require substantially more withdrawn from your investment assets.
federal pensions do
It all depends on your expenses, not how much you have, and everyone it different. I'm not retired yet, but with absolutely no debt and my kids moved out, my wife and I easily live off $30k per year right now....and I live in MA, not a cheap state to live in.
That's very true! I based this spending number off the research from my book, You Can Retire Sooner Than You Think, but the reality is that financial planning is an incredibly personal thing. If you don't need to spend much to be a happy retiree then you're probably just making things easier for yourself in the long run. Congratulations on setting yourself up for a happy retirement, and thanks for watching the video!
@@WesMossMoneyMatters Wes, thanks for the reply. It's amazing how little you can live off of with no debt. I expect that when I do retire my wife and I will have considerably more than $30k per year to live off of, but that will just be extra for traveling and spoiling the grandchildren. I too am tired of all these financial experts saying you need millions to retire, not so for the average joe.
Doesn't it depend on which state one lives?
Absolutely!
You've definitely done the taxes incorrectly. No way is the federal income tax on $100,000 effective 17%. In 2019, it's about $8000 in taxes, an effective rate of 8%. The most rapacious blue state is going to add maybe $1000 in income tax. So about $90,000 to $91,000 in income produces about $82,770 after taxes.
The purpose in life is not "happiness".Thats what harlots teach their children.The true purpose in life is to love the Lord thy God with all thy heart soul and mind.Money does not bring happiness.God will supply you with what you need--not riches.Who can 'buy"a sunny day and the smell of honeysuckle vines in the breeze or taking a child fishing?The best things are free.
Wow of all comments finally someone who gets it! Bravo sir!
Faith (and its variety of warring groups) is the most dangerous aspect of society as it divides the masses and sets them against each other
It’s all about time money and health. If you do not have health you do not have much. Only God known how much time we have left. SO, when is enough, enough to enjoy the rest of your life to do what you want to do!
A different strategy, rather than having your income pared down by taxes is pushing it up and remaining tax free. Think Social Security that's partially taxed (minimally) as you limit your "other" income, some interest/qualified dividends/long term capital gains that all together add up to below the standard deduction and unlimited Roth distributions as you worked a long term plan to get ALL of your tax deferred retirement assets converted to your Roth IRA account...and it's completely tax free.
Nearly all of you think you need too much.
You "want" too much.
I can retire today on $1300 SSA ALONE.
Each year the level of my retirement just gets richer.
Couldn't have anything to do with paying for what your spouse wants, could it? Nah..../s
$1800 month pays for it all and that includes a mortgage. What you are spending it on I have no idea.
$64k a yr to RETIRE?!?
You lost me at rental income. We’re 65 have about $300k in savings, SS for me (haven’t filed yet) only TexasTeacher Retirement for her. We’ll be lucky to have $48K/yr. The worst part is my wife gets NO SS spousal benefits when I die.
This is a good exercise, though it does depend on where you live. We live in a high cost of living metro and not planning to move. One of the things I notice with people I know working to 60 or over, tell me what held them back from retiring early was paying for their kids college. This will also carry over to young people forced to take out student loans and pay them back well into adulthood.
Vin Raymond First, my point was what I’m hearing from others living around us here in Seattle. Clearly you didn’t read what I’d posted and wanted to prove your own point.
I wasn’t reflecting on my own experience. I grew up in Orange County and also put myself through college without a penny of support. In fact, I moved out while in high school and started my own successful business by 21 while attending a community college.Then I paid my way through a private university in the Bay Area.
My son is a straight A high school student in AP classes and will be attending a community college to start his junior year of high school. He will graduate high school and community college with an Associates degree at 18. Then he’s attending a four year university.
Most people don’t think outside the box and get caught up vicariously living through the competition surrounding what kids get into what schools for bragging rights.
So I watched another expert that really agreed well over 90% of this discussion. He strongly thought the taxes would be half of what you were showing with standard deduction and exclusion, and especially if the client didn't work for money. Minnesota has 9% state tax so you might be a little low on the taxes for me. Both of you did some of the best generic explanations I have seen.
Scott Engh agree I don’t want part time work another word for paying more tax
If you’re going to make a video to help people then do just that leave all the rhetoric out and get to the point of helping people. your video could’ve been less than four minutes long if you would’ve just gotten to the point.
Health, the number one factor to happiness. then comes friends and time to enjoy. Everyone can live on less if you don't have health billions will not make you happy.
Perhaps an alternative can be proffered that makes use of the form 8880 savers credit. A couple MFJ can have Social Security income that's only partially taxed by keeping their "other" income low, the majority of their retirement funds in Roth IRAs, whatever taxable LTCG and Qualified dividends that they choose to take and by putting just $4k of their earned income into their Roth IRA accounts get the maximum savers credit which completely eliminates their income tax liability simply by keeping their line 37 taxable income under $38k. Variations on this theme may be played, depending on your "need" of income and taxable income streams, but all very effective in drastically reducing taxes. A very nice life can be had for very little as the good life is rather inexpensive...so inexpensive that it's easy to keep yourself in the 12% bracket where LTCG and Qualified Dividends are completely tax free. In addition, it takes little more than Social Security alone so your portfolio continues to grow far beyond your meager withdrawals. Don't forget that since your income is modest Medicare part B premiums are a bargain. With no Required Minimum Distributions to ever force your hand you are in complete control of your income and thus your taxes. Cheers!
No you don't necessarily have to pay taxes, depends on how you have set up your retirement once you retire, Uncle Sammy should just leave you alone.
SS is taxable, no way around that.
Uncle Sammy has to feed his pet Fedzilla and it never misses a meal or snack. Most social security recipients with any form of taxable income will eventually have to pay taxes unless they're in abject poverty or have all of their retirement income in Roth and HSAs. This is because the two times the Democrats passed the 50% tax (1980s) & the 85% (early 1990s) the provisional income tax brackets never had adjustments for inflation so they are based on income from that period 40 years ago. So more and more seniors are paying it because they did traditional IRA and other pre-tax or taxable income for retirement.
For those of us who sold that PITA two family decades ago and helped our kids with college way too much and failed to fully fund our 401k, there is hope. GET OUT OF DEBT. Wait until you are 70 to take SS. and move to a low tax state. Our SS alone is over 60K. My property tax is $1200. annually, I was paying almost that monthly in NJ. Great video, thanks Mr. Moss!
Well done Wes, really appreciate this.
Lots of talk, but fuzzy math. If you have pension, and social security, you should be OK. If no pension, you will need to hustle, unless you have a couple of houses. Really?
WHo the hell wants to work when they are retired? It has always been my opinion that people, thoughout their lives, have NOTHING but their work and once they retire, they have NOTHING to do. They have developed NO outside interests or hobbies, etc to occupy thier minds. Thus, they get bored, have nothing to do, but continue to work or die working their "career" job. I can see that with executive type people or people who have had "power", etc, but for regular people, take interest in other stuff other than your job. F&*K working in retirement.
Well it depends on what that "work" is. I plan to do something/somethings when I retire in a few years. I want to tend bar a few mornings a week, work in record store a couple of days, and maybe help around a golf course. Just something casual, doing things I like to do. Not for the money (though a few extra bucks, and maybe free green fees is something I wont turn down). I figure they're things I'll be doing anyway, so kind of like a paid hobby. When you are doing something you enjoy, and something that you don't need to be doing to live, is not really "work". Or not, if I can't find the situations I want.
I plan to spend retirement throwing tennis balls at my dogs.
Jamie t, where do you live that there is a record store. I didn't realize they were still around, figured they had disappeared like the video stores. The only thing I figure to do around a golf course in retirement is playing golf while listening to iTunes and sipping on a whiskey so I guess that gives us something in common!
Really, I'm listening..I live quite well on about 1/4 of that..I simply restructured my debts.
yak yak yak .... Get to the point.
Part time wirk(frak that!!) 2?rental property incomes!??? Hahahaha (CLICKBAIT) 80% of AMERICANS LIVE PAYCHECK TO PAYCHECK AND ONLY 15% of pop on schedule to fund 1 year retirement ($25,000) this YAHOO TALKING BOUT $83,000 falling frim the heavans!! (sounds like idiot BERNIE SANDERS!) Hahahaha
@@StarmanBuckRogers Were you listening? He said those who take P/T work are happier in retirement. 80% of the "paycheck to paycheck" people spend over $1K annually on lottery tickets. And have a pet or two. A luxury that can hit your pocketbook HARD. I had a P2P friend who's cat got hit by a car and instead of spending $50. to put the poor thing down she spent FIVE THOUSAND DOLLARS at the vet for multiple surgeries. And she keeps her house comfortably air conditioned all summer. And everybody in the house has a cell phone and a nice computer. How often do these P2P folks go to Dunkin or Starbucks every morning and get lunch at the deli? My "poor" brother lived with me for a year and bought bottled water EVERY DAY. I brown bagged it for 45 years and bought a $15. thermos that saved me $20,000. (do the math) I was buying a carton of Winstons every week. Quitting that habit has saved me over $100,000.00 over the last 37 years. And a lot of medical costs. Get off your rear and start living beneath your means. You can do it, Mr. Rogers!
Tax rate depends on income, nothing to do with retirement “status”
So what about all the Americans who work dead end jobs, paying high rents in expensive cities and work paycheck to paycheck ?
Sounds like they should have paid more attention in school and then they wouldn’t be in that predicament! If you think you’re going to head out into the world with your shiny new high school diploma in hand and starting kicking a$$ you are likely in for a BIG surprise…….😮
Probably the most realistic numbers I've seen.
Guys, I'm sorry, I'm from Russia. What taxes u need to pay on retirement ?
it is not what you earn it is what your burn.....
Hmmm...
$48,500 Pension + $22,000 my SS + 07,000 Wife's SS = 77500/yr
Need only $22.5k from 401k, so I only need $550k in my 401K
Great! I will retire next week (not!).
------------------------
I hate over all averages, they don't reflect the low income earners plight. Mine is around $20,000.00 a year but I'm carrying a mortgage and it will be paid off in 6 years, that will free up a lot of cash. I don't want to work anymore and I have plenty to occupy my time. My days go by fast. I wake up at 4 and next thing I know, it's bedtime, 8:00 pm.
I don't want to spend what I pull in and I don't need to.
where are you parking the investment money that the 4% comes from?
Hey Therese, there are an almost endless variety of ways to invest, but I'm personally a big fan of Income Investing. Here's an article I wrote a while ago explaining how this works. www.wesmoss.com/news/creating-income-in-retirement-through-investments/ Please feel free to reach out to my team if you'd like more information.
Meh. Math doesn’t work for me. No pension, social security will be defunct, I hate rentals(tried that huge losses). I’ll just plan on needing $3M
Social security won't be defunct in your lifetime.
Social security is 79% funded indefinitely after 2034. It's a simple math problem of our lower birth rate. Don't let the media scare you into believing it fails, look into it yourself. Worst case scenario you adjust your projections down to 79% after 2034, but realistically that's a low enough number that they could resolve it with a social security tax increase, and budget cuts elsewhere.
hatchetman240 thanks but the government cannot be trusted.
JohnFx People who think social security will go away are just stupid, no way congress would screw the biggest voting block, they will get rid of welfare before SS
@@John_Fx more importantly you wont get ssdi or ssi making 82k/yr. thats because income offsets your earnings and ssi is income based.
Those are decent numbers that require a person have a valuable skillset via some form of education/training. They, also, must start investing/saving very early in life, at least by 30 years old, and stick to it. This financial plan is not for the person who is trying to create a retirement plan at the last minute.
With all due respect, if you are trying to create your retirement plan at the last minute you are going to be pretty much screwed. Unless you are one of the few people with a cushy pension plan, success in retirement takes planning, consistent contributions to your investment accounts, and (most importantly) time - it’s not something you take a quick peek at in your late-50’s and all is well!
Most Americans have No pension, but somehow he gets 8k average for this category?
Use this rule - your SS benefits (for u and partner) should be no less than 50% of total gross income needed. For example if both get 3000 pm in SS combined then gross inc pm should be 6000 pm. This way you can live comfortably. If you lower this ratio then you need more but in todays world 65k gross is enough for retirement
So, if our combined government pension is $115k/year, our medical insurance is paid for by the government, we have $1.5 million in retirement savings, and we have no debt at all, my wife and I can retire now at age 54?
Hey Guy, that's unfortunately not something I'd be comfortable answering over RUclips, but if you'd like to meet with a financial advisor from my team they'd be happy to walk through your full financial picture and tell you if it'd be possible for you to retire today!
Just fill out the form on this page - www.wesmoss.com/contact/.
Thanks for watching!
boys and girls
I'll say this:
learn some basics of the language and go to Eastern Europe every 6 months.
shit is cheap, people will accept you if you are a good person.
If you are carful and not stupid or naive, you should do great snf have lots of fun.
thats my plan
working part time = part time retirement
Really? How bout after tax, sheltered investment money. If you don't need to spend it, why not invest it where Sam can't touch it?
Investment income on 950,000 in savings. Don’t know many people that can make that number
you can still pull it off with 400-500k which is still a lot and definitely not attainable for everybody but much more realistic than 950
Hi Mr. Moss, finally I can't believe it somebody who tells the truth! No hypothetical mumbo jumbo... you use real world numbers.
Thank you Mr.Moss, I encourage everyone watching this video to get the book, no BULL**** really Mr. Moss has enabled a lot of people achieve their retirement goals.
How to be happy: be rich from being wealthy and owning tons of stuff so you have money - which equals happiness ...? This isn’t how, it’s a case study not a set of instructions ... not useful sorry but nice try
Interesting how you shifted the income to two people rather than one SSI.
Great fantasy plan. Keep assuming & averaging.
this man- knows nothing of value. he just rambles.
RUclips Americans retiring in Bali, Ukraine, Bolivia, Vietnam on $1.500 a month. That's it.
Hi. The predominant cryptocurrency btc sky rocket above $50k. Start buying cryptocurrencies is good they're a huge help down the road for financial progress.
Roth Ira isn't taxed!!!! its all tax-less.
My husband has 150k in his 401k and is retiring in Jan we need 5% a month to live on plus our pension and ssi. Where is a good place to put his money come Jan? We need help please.
He should in the forex. You can contact Williamtradeinvestment@gmail.com
That amount of personal information on the internet could attract the sharks. Keep your money in your pocket.
This guy is out of touch. .how many American's will have 82 K to retire he needs a different # out of his @zz
I see a lot of ASS-uming. Very few people have 2 homes, my god! Zero rent, LoL right! Don't forget about giving plasma. I hear it's $300 to $400 per month.
My taxes on this Termite Terrace come to almost $6600 this year. It's a lot less than I would pay in rent for a comparable property.
You are not making any sense, the average American people make less than 50,000 per year, you most be talking to the smallest percentage of people in American making 1000,000.
I appreciate the videos and find your information helpful. Ignore the haters.
Thanks Brian!
Love this channel
Another great video. Thanks again for sharing your insights.
This is for two people? He added two social securities?
Married couple
I wish I had that much coming in but PCH hasn't knocked on my door just yet. I did however, win $10.00 from them in March of 2019 this year and may or may not owe taxes on it. That wind fall after 45 years of waiting. I hope I don't have to waite another 45 for that to happen again.
😅😅😅😅😅😅😅😅😅😅😅😅
What if there is not gonna be any SS benefits for us younger people?
Trucker Steve
Just don't include social security in your retirement calculation.
You said nothing here
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when you're a finance guy and you can only afford 360p max resolution camera lol
We all have to start somewhere! You might like the look of some of my newer videos, though. #Upgrade
CLICKBAIT
Seems like a lot of wishful thinking.
Which is true for any retirement plan
I don't make 82k now, so won't have it when I retire either
9:00 just take your 2 houses “RENTAL INCOME!!!” Wtf!??? Gtfo
Hahahaha Hahahaha
Still working isnt retirement
What about the repairs on those rental buildings?
Oh , your renters will never tear anything up and if they do they will repair it out of their own pocket. NOT. Had rental property for over 20 years. Good tenant are hard to come by. It's a lot of work unless you have millions in rental property and pay someone to do the work. For us low budget guys it's real work.
The real suckers are the ones that bought this fools book. His approach to retirement research could be best summarized as "Believe Me". However, at least now I know that I can live off of 82k if I ONLY have a few rental properties, pension, larger-than-average Social Security benefit, and a million dollar retirement fund. Now it all makes sense! Thanks for the logical advice and not showing your work (but he would promptly respond to BUY his book for those details which are not answered there either).
George Gorman Median household income is $57k this guy says median retiree income is over $80k 🤣🤣
@@BigRed2 And "median" means the mid point, not the "average". On a scale of 1 - 100, 50 is the mid point. The average is the total divided by the number of "points" (i.e., on a scale of 1 - 100, the average is 1, since there are 100 points.)
Awesome info. Subscribed. Thanks
Thanks for subscribing!
Think 4500-6500 gross per month for couple in rural Texas with no debt would work fine.
Craig Stephenson
Same in Oklahoma.
Is that amount really the average? Well, i guess i am very poor, but, i never give up.
My mind is always thinking of how to make more $, legally. Perspective and attitude is everything. My middle class neighborhood feels more like a war zone. I just want to make more money so i can buy a farm.
No pigs. Pigs r precious and very smart and loving. 🐖🌹
Agree!!
house paid off at 55 with a pension annuity social security an old 401k ( about 100k ) and a lil part time work in the trucking buisness down in florida. Combined with wife’s SS we should be well off.
Do you take out these distributions monthly? Quarterly?
As needed.
Is that per person? Or per couple?
Nice video. Agree with getting whiteboard
Let quickly straight to your tip. You talk too much.
Do you need that if you don't have that now😏