Originally Posted by ihookem
To those that are retired, what is your exepnses ? Is your spouse retired too. I ask cause I am 59 1/2 now and my dividend income is only a little over $20,000 in my Fidelity retirement portfolio. I will , or should have another $8,500 from my carpenters union , and in 2 1/2 yrs I will get S.S. and that should be about 17,000 ? per yr. This leaves me with $45, 000 per yr. My wife will likely work till she is 63? and then hang it up. Is $45,000 per yr. enough for you ? My wife is only 57 but she needs to wait till 65 for S.S. I am not sure how we will ever make ends meet.
Well, that depends on what your expenses are. Do you have a mortgage? Credit card debt? Car payments?
Also, where you live plays a factor.