Quote:
Originally Posted by Unregistered
It seems like you haven't included the expenses needed to care for 2 advanced age parents in your $7K per month Budget to support your retirement lifestyle.
Good try! 树欲静而风不止，子欲养而亲不待
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You anyhow jump in here and there, without reading my complete story.
I already said the $7K per month is what we would need in my retirement. And I dont plan to retire till I am 62 or later in order to maximise the golden period of high savings. We are going to be 57 soon. That could be another 5 to 8 years of high savings. While I think my parents would still be around, their needs are very simple even now. Only the medical expense is something I have to watch out for. They seldom fall sick!
And if you read properly, our passive income is $150k. Why we dont retire yet with this level of income is precisely to handle unknown unknowns.