This is a very interesting topic to me too. I'm 3 years from my earliest retirement, at which time my after tax take-home would be $2375/mo. I think I can get by on that, but might work an extra two years to get $2750/mo take-home. I've done a pretty detailed budget, and I think that will be reasonably comfortable. I hope I'm not totally out to lunch? The closer I get, the more nervous and scared I become.
It's only $35,000/yr before tax, but I think a lot of people live on less than that...
Of course this is Canada, where we seem to make less money than Americans, and pay almost twice as much for everything. Hearing the prices you guys pay for buildings really makes me green with envy...
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Today's Featured Article - A Lifetime of Farm Machinery - by Joe Michaels. I am a mechanical engineer by profession, specializing in powerplant work. I worked as a machinist and engine erector, with time spent overseas. I have always had a love for machinery, and an appreciation for farming and farm machinery. I was born and raised in Brooklyn, New York. Not a place one would associate with farms or farm machinery. I credit my parents for instilling a lot of good values, a respect for learning, a knowledge of various skills and a little knowledge of farming in me, amo
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