Maine
Related: About this forumApparently. I need $770,000 to retire in Maine.
Last edited Tue Jan 2, 2024, 05:57 PM - Edit history (1)
Guess I won't be retiring.
In fact, there's no state for me to retire in.
Yet, I got enough in my life to be reasonably happy and continue my lifestyle for as long as I can.
sinkingfeeling
(53,149 posts)It may say at the bottom, but I can't read it.
OAITW r.2.0
(28,529 posts)Voltaire2
(14,818 posts)Those of us who sold our time for wages sure have made out like bandits. Great system we got here. And honestly it did more or less work for our parents, but the great clawback of neoliberal reform from the late 70s onward has restored the balance to where it was circa 1890 or so.
2naSalit
(93,136 posts)OAITW r.2.0
(28,529 posts)No idea where the author of this graph got his data from, but it sure doesn't seem to correlate to reality.
getagrip_already
(17,502 posts)It says it's the cost to live between age 61 and 76 in the average city in that state. Whatever that means.
So if they are saying $750k, it's budgeting about $50k a year without taking inflation into consideration.
I don't think you could live in a major city on $50k when rent alone is about $2k a month. But I suppose if you were healthy and lived in a group setting, you could do it. It would be easier in an area with lower rent and public transit though.
OAITW r.2.0
(28,529 posts)That $770K number has to relate to York and Cumberland counties, only. The other 90% - (land-wise) has many towns that are dying......if you only have SS and enjoy the quiet / outdoors life, this is the place for you.
2naSalit
(93,136 posts)Not even close.
getagrip_already
(17,502 posts)So much for freedom from taxation. I guess they get you other ways.
raising2moredems
(713 posts)but you can't fix stupid. Sales tax, property tax, P&C insurance (car, home), medical insurance will get you every time.
PJMcK
(22,980 posts)While this is interesting, without more information, it's fairly vacuous. The methodology is vague, the source is unverifiable, (I search NetCredit's website but couldn't find this chart), and the financial projection is suspect as it doesn't include detailed financial data.
Still, it's interesting in a broader sense. Thanks for posting it.
It's fascinating to see the comparisons state-by-state.
Happy new year.
OAITW r.2.0
(28,529 posts)Probably more detail. There is world retirement map....I can't qualify in 95% of the reported locations.
PJMcK
(22,980 posts)TeamProg
(6,630 posts)in bottom left says.
So, state by state isnt entirely accurate.
Either way, too many GOPsters will be crying for a gubmnt hand out years after they voted for tax cuts for billionaires.