The $550,000 A Year Lifestyle

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  • May 5, 2010

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May 5th, 2010
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Comment Number:
1
Written by:
Jeff97
Posted on:
May 24, 2013 at 10:11 am

So do we include the housing rent or not? This is what I’m confused about.
Also, if a house is rented I wouldn’t have to absorb the maintenance costs, the owner would.

Comment Number:
2
Written by:
AJC
Posted on:
May 26, 2013 at 6:09 am

Great question Jeff. The answer is, since you are ‘retired’ (at least, you will be at the time that these calculations will kick in), you should assume no rent or mortgage (since you have no real income to support either), so you should add the value of the house (i.e. fully paid off) to your Big Ticket Items (KLE14) … but, don’t forget to include house ‘running costs’ (eg cleaning, maintenance, utilities, insurance, etc.) here.