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Post by Pixie on Jul 20, 2018 14:44:31 GMT -5
I'm telling you Middlesboro, KY, has some good points in its favor! It has been unfairly labeled with the C word. It is so far off the beaten path that I have never even been through it, and I have done a lot of traveling. To get there, one must really want to be there. Pixie |
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Post by 2rvrrun on Jul 20, 2018 14:48:04 GMT -5
I'm telling you Middlesboro, KY, has some good points in its favor! It has been unfairly labeled with the C word. It is so far off the beaten path that I have never even been through it, and I have done a lot of traveling. To get there, one must really want to be there. Pixie I have tried to get there my entire time at SSA. No luck  . |
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Post by JudgeKnot on Sept 8, 2018 7:27:41 GMT -5
How much do you need to have saved to retire in your state? You can find out here. Mississippi is the lowest, at $949K. Hawaii is the highest, at $2.01 million. This is in today's dollars, so if you're many years from retirement you'll want to plan on more. I don't think the formula they used takes into account Social Security income, and I'm guessing it's based upon a single person instead of a couple. www.gobankingrates.com/retirement/planning/how-much-need-survive-retirement-state/ |
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Post by SPN Lifer on Sept 8, 2018 9:11:06 GMT -5
Do not forget to include and subtract the Present Value of your retirement benefits (and spousal survival benefits) in the calculation.
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Post by Pixie on Sept 8, 2018 10:46:50 GMT -5
Yes, I doubt it includes retirement benefits or SS benefits. I would hate to have to retire on the income from 949K. For me that would be a poverty level existence. Although, I imagine it takes into account the encroachment of the principal over the expected lifetime of the retiree. Still, that wouldn't be very much to live on. Pixie
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Post by catwoman333 on Sept 8, 2018 12:01:20 GMT -5
At this point in my life (aspiring ALJ), I can't imagine ever being able to retire as a member of the Multi-Millionaire's Club.
If the "ALJ thingy" doesn't pan out for me, I will pray for Plan B: win the lottery, meet/marry a rich ALJ, or write a novel more wildly successful than "Harry Potter". If Plan B is a washout, I will turn to Plan C, the Alice Lee (Harper Lee's sister) Plan, and just keep practicing law well into my late '90s until I keel over one day slogging away on a brief. Or I can just retire abroad in a country with a much cheaper cost of living. Costa Rica and Cuba look pretty nice (crummy leaders but great people, food, music and arts culture, and cheap, universal health care). Castro (and others) should be gone in a few years...so perhaps we can resume the US-Cuba "normalization" process in the near future.
On a more serious note, I was browsing my local Barnes and Noble yesterday and found this great magazine on retirement called (appropriately)"Where to Retire". It's a wonderful source of info.--cost of living, pictures, tax rates, cultural attractions, weather, and interviews with recent retiree residents--on the best suggested cities/states for retirement.
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Post by christina on Sept 8, 2018 12:18:19 GMT -5
At this point in my life (aspiring ALJ), I can't imagine ever being able to retire as a member of the Multi-Millionaire's Club. If the "ALJ thingy" doesn't pan out for me, I will pray for Plan B: win the lottery, meet/marry a rich ALJ, or write a novel more wildly successful than "Harry Potter". If Plan B is a washout, I will turn to Plan C, the Alice Lee (Harper Lee's sister) Plan, and just keep practicing law well into my late '90s until I keel over one day slogging away on a brief. Or I can just retire abroad in a country with a much cheaper cost of living. Costa Rica and Cuba look pretty nice (crummy leaders but great people, food, music and arts culture, and cheap, universal health care). Castro (and others) should be gone in a few years...so perhaps we can resume the US-Cuba "normalization" process in the near future. On a more serious note, I was browsing my local Barnes and Noble yesterday and found this great magazine on retirement called (appropriately)"Where to Retire". It's a wonderful source of info.--cost of living, pictures, tax rates, cultural attractions, weather, and interviews with recent retiree residents--on the best suggested cities/states for retirement. Costa Rica! let's do it! |
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Post by SPN Lifer on Sept 8, 2018 15:01:51 GMT -5
Or I can just retire abroad in a country with a much cheaper cost of living. Costa Rica and Cuba look pretty nice (crummy leaders but great people, food, music and arts culture, and cheap, universal health care). Costa Rica has had a stable government and excellent leaders for decades. It is known as the Switzerland of Central America. ¿Se habla español? |
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Post by fowlfinder on Sept 9, 2018 22:39:14 GMT -5
I have a client whose parents retired to Panama. They love it, dollars are accepted but go really far, lots of English speakers, and a lot of American retirees actually.
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Post by foghorn on Sept 12, 2018 12:18:37 GMT -5
On Kentucky, some small towns are charming but a board member told me she was looking to leave her area because drugs have so ravaged it there are multiple break-ins, things like needles on the street even, certainly in parking garages which don't exactly make you feel at ease walking to and from your place of work.
Bottom line is check out things on the ground. Basics: check the local newspaper; especially if they have an "arrests" section; use google earth to see what the neighborhoods look like. If it's all beater cars and really overgrown yards, chances are it's not almost heaven.
Put it another way, if most of the town is a fixer upper, it's more a place for the young, fit, and martial arts oriented (though even that won't help--my son returned from Afgh, got a place in Desert Palms, broken into, they even took his Marine sword, some things he'd brought back from Helmand. [Lucky he didn't find them.])
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Post by Pixie on Sept 12, 2018 13:04:55 GMT -5
The expenses in these studies include housing costs, which, in some areas, can be quite substantial. In Mississippi, which is the lowest cost state, the housing costs are also the lowest at $11,134 or 30% of the total expenses.
The most expensive mainland US state is California which requires a principal of $1,521,926. The yearly expenses of $60,877, include housing costs of $30,614.
The principal amount is predicated on a 4% yearly withdrawal over a lifetime of 30 years.
Our home is paid off, so give me my federal retirement, SS payments, along with a substantial amount in my TSP, and other investments, and I will have a higher standard of living in retirement than I do now. I just need for the market to continue to grow. I don't mind a few down periods as long as the long haul continues to be positive. Pixie
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Post by SPN Lifer on Apr 4, 2019 22:39:10 GMT -5
An ever-timely topic.
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Post by superalj on Apr 5, 2019 11:12:54 GMT -5
The expenses in these studies include housing costs, which, in some areas, can be quite substantial. In Mississippi, which is the lowest cost state, the housing costs are also the lowest at $11,134 or 30% of the total expenses. The most expensive mainland US state is California which requires a principal of $1,521,926. The yearly expenses of $60,877, include housing costs of $30,614. The principal amount is predicated on a 4% yearly withdrawal over a lifetime of 30 years. Our home is paid off, so give me my federal retirement, SS payments, along with a substantial amount in my TSP, and other investments, and I will have a higher standard of living in retirement than I do now. I just need for the market to continue to grow. I don't mind a few down periods as long as the long haul continues to be positive. Pixie Mississippi? The housing costs are low there for a reason. Besides quoting Pixie, I'll quote one of my favorite authors, Elmore Leonard, who once wrote "you don't go to Mississippi unless you have a d..m good reason"
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Post by christina on Apr 5, 2019 13:46:03 GMT -5
The expenses in these studies include housing costs, which, in some areas, can be quite substantial. In Mississippi, which is the lowest cost state, the housing costs are also the lowest at $11,134 or 30% of the total expenses. The most expensive mainland US state is California which requires a principal of $1,521,926. The yearly expenses of $60,877, include housing costs of $30,614. The principal amount is predicated on a 4% yearly withdrawal over a lifetime of 30 years. Our home is paid off, so give me my federal retirement, SS payments, along with a substantial amount in my TSP, and other investments, and I will have a higher standard of living in retirement than I do now. I just need for the market to continue to grow. I don't mind a few down periods as long as the long haul continues to be positive. Pixie Mississippi? The housing costs are low there for a reason. Besides quoting Pixie, I'll quote one of my favorite authors, Elmore Leonard, who once wrote "you don't go to Mississippi unless you have a d..m good reason"
Not to mention u might run into funky 😳 |
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Post by SPN Lifer on Apr 8, 2019 21:38:43 GMT -5
Current SSA ALJ locations in latest job announcement:
Birmingham, AL
Montgomery, AL
Fort Smith, AR
Phoenix, AZ
Fresno, CA
Long Beach, CA
Los Angeles, CA
Moreno Valley, CA
San Bernardino, CA
Indianapolis, IN
Lexington, KY
Louisville, KY
Alexandria, LA
Metairie, LA
New Orleans, LA
Shreveport, LA
Springfield, MA
Portland, ME
Mount Pleasant, MI
Minneapolis, MN
Springfield, MO
Hattiesburg, MS
Jackson, MS
Rochester, NY
Cincinnati, OH
Dayton, OH
Tulsa, OK
Johnstown, PA
Memphis, TN
Harlingen, TX
Salt Lake City, UT
Charlottesville, VA
Charleston, WV
Huntington, WV
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Post by Gaidin on Apr 9, 2019 11:33:09 GMT -5
Current SSA ALJ locations in latest job announcement: Birmingham, AL Montgomery, AL Fort Smith, AR Phoenix, AZ Fresno, CA Long Beach, CA Los Angeles, CA Moreno Valley, CA San Bernardino, CA Indianapolis, IN Lexington, KY Louisville, KY Alexandria, LA Metairie, LA New Orleans, LA Shreveport, LA Springfield, MA Portland, ME Mount Pleasant, MI Minneapolis, MN Springfield, MO Hattiesburg, MS Jackson, MS Rochester, NY Cincinnati, OH Dayton, OH Tulsa, OK Johnstown, PA Memphis, TN Harlingen, TX Salt Lake City, UT Charlottesville, VA Charleston, WV Huntington, WV I'm shocked SLC and Minneapolis are on there. Some of those other locations LA, Long Beach, and New Orleans are a little unusual as well. |
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Post by arkstfan on Apr 10, 2019 9:36:37 GMT -5
I'm shocked SLC and Minneapolis are on there. Some of those other locations LA, Long Beach, and New Orleans are a little unusual as well. My observation has been that NOLA/Metarie getting new hires isn't that unusual. Seems like the transfer list is quite a bit longer than the list of those ready and willing to transfer there. |
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Post by SPN Lifer on Apr 11, 2019 20:29:08 GMT -5
Moreno Valley has a branch of Navy Federal Credit Union, open to veterans of all the armed forces and their families, including siblings. www.navyfederal.org |
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Post by uboat on Apr 17, 2019 9:42:16 GMT -5
Current SSA ALJ locations in latest job announcement: Birmingham, AL Montgomery, AL Fort Smith, AR Phoenix, AZ Fresno, CA Long Beach, CA Los Angeles, CA Moreno Valley, CA San Bernardino, CA Indianapolis, IN Lexington, KY Louisville, KY Alexandria, LA Metairie, LA New Orleans, LA Shreveport, LA Springfield, MA Portland, ME Mount Pleasant, MI Minneapolis, MN Springfield, MO Hattiesburg, MS Jackson, MS Rochester, NY Cincinnati, OH Dayton, OH Tulsa, OK Johnstown, PA Memphis, TN Harlingen, TX Salt Lake City, UT Charlottesville, VA Charleston, WV Huntington, WV Maybe we should start a new thread with information about these magic 30 locations?! |
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Post by Pixie on Apr 17, 2019 10:01:32 GMT -5
Let's keep the threads to a minimum. If you see a pressing need, please PM me and I will take another look at it. Pixie
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