VIDEO ON MSN MONEY
Hello: The comments are more interesting than the actual article. I live in Denver, CO. in low income housing. Pay heat, low rent and now qualify for once a week help for housekeeping. I wish I could have had a $1,200 a month retirement from SS to live on. We survive okay because we have a social coordinator here who helps us find things we need like hearing aids and glasses, walkers, etc. I also have food stamps. Denver is a pretty place to live in but a little expensive for rent. Sluggish economy but gettiing a little better. We have a smart governor here
and enjoy pretty scenery year round. Well good luck to all!
How strange that the cities in this article are in the "10 States You Don't Want to Retire In" article! Seems that these states all have high crime rates!! Low cost of living = high crime rate. High cost of living = low crime rate. Higher taxes = better police protection. Lower taxes = spending your money on alarm systems and personal firearms. Gonna cost ya either way!
Are you kidding me? You are encouraging seniors to retire to cities where crime is rampant, the minority population exceeds 50% in most and the economy is strugging? With the exception of San Antonio, Albuquerque and Pittsburgh, you couldn't PAY ME to move and retire there...much less reccommend that I do so! What type of quality of life would you have when you fear living your house in the evening and when you are afraid to go to certain parts of town because of all the minorities?
Bad article guys...I'm sure our seniors could retire for much less than $40k in let's say Nogales, Juarez or take your pick of any US/ Mexican border town!
Literally, I just read an article on these same states are the worst to live in because of the crime rate; make of your mine MSN.
Secondly, Add to that a modest nest egg of $250,000; really give me 250,000.00 and I'll show how modest it is; I'll buy me a couple of rent houses and list them with HUD and live off of that very comfortably.
How about an article on how a single person survives in retirement. How about an article telling young women whether it's more important to stay home and raise their children or get a job that will give them the means to afford retirement. Obviously this article assumes the husband cannot afford to support a family or themselves alone.
How about next time write an article about which state has the best public housing or subsidized housing to retire in.
If you really want a nice place to retire, research Bella Vista, AR. It borders MO... is close to KS AND OK... Lots of fun stuff to do for retirees... especially those that like golf. Weather is ideal too.
A nest egg of $250,000? Really? Better aim a bit higher... say 1M to be realistic. At 1% interest that spins off only $2,500. Not to mention escalating medical costs, inflation, etc. This person cannot be a CFP.
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
If you worry about money after the streetlights come on, these actions may help you rest easier.