Serious AMDKs unable to retired despite social security checks of USD2K+, still think PAP is lousy?

[Pinkieslut]

 

[eatshitndie]

if she pays off her debt especially her mortgage and has passive incum from interest earnings, investment returns, rentals, she can comfortably retire by 69 with ss monthly payment of $2k. at 65 she receives medicare coverage with plan b premium of $202 per month. at 67.5, she can collect ss payments at full retirement benefits. if she were to plan well, her annual incum would be:

pension or annuity via a hybrid annuity-pension plan = $18k to $20k per year
annuity or 65-yr old payout via an insurance plan = $10k to $12k per year
rental incum from 2nd home = $36k to $60k per year depending on size, location, city
ss payments = $24k per year (with some enjoying $48k per year depending on lifelong contribution)

for a couple having 2 or more homes plus investment returns, they can easily earn total retirement returns of $180k to 220k per year as a household. after tax, may be $120k to $150k.

 

[syed putra]

if she pays off her debt especially her mortgage and has passive incum from interest earnings, investment returns, rentals, she can comfortably retire by 69 with ss monthly payment of $2k. at 65 she receives medicare coverage with plan b premium of $202 per month. at 67.5, she can collect ss payments at full retirement benefits. if she were to plan well, her annual incum would be:

pension or annuity via a hybrid annuity-pension plan = $18k to $20k per year
annuity or 65-yr old payout via an insurance plan = $10k to $12k per year
rental incum from 2nd home = $36k to $60k per year depending on size, location, city
ss payments = $24k per year (with some enjoying $48k per year depending on lifelong contribution)

for a couple having 2 or more homes plus investment returns, they can easily earn total retirement returns of $180k to 220k per year as a household. after tax, may be $120k to $150k.

Rental Income is very risky if you get a problematic tenant.

 

[k1976]

Rental Income is very risky if you get a problematic tenant.

Long term rental incum likely to drop as human labour participation in supply chains will drop due to automation and AI

Excess labour trabsition to new role may not be 1:1

 

[jsctan]

Still got roof over the head? Our pigeon hole is a long term rental.

 

[True Believer]

Remember Tan Chuan-Jin claiming that our elderly collect used cardboard for exercise?

 

[True Believer]

Still got roof over the head? Our pigeon hole is a long term rental.

The low SES cannot afford to retire because their money won't last for long; their pigeon hole homes will also wind down to zero dollars. On the other hand, the high SES seniors are fully engaged at golf courses trying to get a hole-in-one, indulging in fine dining, shopping, travelling overseas, relaxing at their country clubs etc.