Quote:
Originally Posted by Unregistered
If you look at the post carefully, the income is $7500 & expenses is $3000. Children allowance is only $1000. So even without the allowance, income is still higher than expenses.
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cannot count like that de, the medical bill only $500 per month? (you sure?) unexpected expenses? (got count it in?)
It is always safer to have at least 2.5 times of the expenses if you want to retire, unless you have million dollar saving. Also the insurance for elderly is not that cheap. (I presume is for two person). Also what if the room cannot rent out?
See there is a lot of what if, not sure whether he got consider. If he got then ok, but by the looks of it, he didnt think is through thoroughly.