10 years is the standard cut off to get the ex's SS and I was not able to stay in the marriage...do not want to discuss the why and wherefores. If it were possible I would have stayed but it was not.
I agree about the cut in expense of $800. I am considering renting out a fully furnished with private bath to a roommate that would only be there for part of the time i.e. exchange student, visiting professor, flight attendant etc. I hesitate on that note just because I am single, female and I do not know if allowing a stranger into my home is a good idea. I have to research this option further.
I agree that waiting for SS for a few more years is a potential option but not if I am unable to find suitable work.
The 4% rule is intriguing, however, I understood that there was a spend down factor to this calculation. Principle would be spent down at a rate of about 1% a year....or I have been intrigued with the idea of using the RMD approach starting now instead of at 70 1/2. Taking from the mortality table a percentage that makes what I have in Vanguard just about what I would be able to take with the 4% rule.
I know that the Toyota Highlander lands me with extra expense, however, I will be moving soon to a cheaper apartment (the $800 one with the two bed, two bath, no pet rent) in August. The area is a wee bit more bike friendly and I could begin using the bike for errands I usually have to use the car for. I already do the multiple errands in one shot on a work day so my expenses may or may not go down. But it is something to consider. My last car, a Toyota Deluxe small truck, lasted me 16 years. If I could get 16 years out of the Highlander it would be a moot point. The Toyota Deluxe would have lasted even longer but the friend that I sold it too gave it to her grandson when he turned sixteen and he immediately proceeded to drive it too fast, in rain, hydroplaned, and rolled it three times....he got out without a scratch but the truck was totaled. Oh, well, if the truck was to get smashed at least it saved a teenager's life. What a lesson!
I think that so much of this doable as it is but for waiting for Social Security. Then I would have part time work, SS, dividends, and a possible roommate. If I have to I could downsize further to a one bedroom. Really, I have three animals and I would just downsize to a one bed now but for the fact that the cats are housebound and their only "outside" time is the balcony. The one bedrooms do not have balconies. In a few years the cats will be so old they won't care anymore but right now it is a balance I am willing to pay for. I have no family so they are what I have. I know some would think this is an expense that does not make sense, however, they give me company and attention. I think it is a small price to pay. I would foregoe travel if it was the animals or trips.
I think shaving the cell will be doable once I find a job and am not looking for a job.
Has anyone else lived on $25000. The MMM family does it on $27000. What do you think is the difference?
Thanks again!
Mollie
