I’m 65, my wife is 63. She’s retired for health issues and I have a part-time hobby that pays
Out monthly after tax income is over $5,000 and we have no debt. Add in what I make with my hobby and we are netting over $6,000/month. We have over $350,000 in IRA/401K that we never touch. I can’t imagine either of us not having at least $10,000 each in our regular checking/savings account at all times.
We aren’t rich, but we know how to not spend money on a bunch of “stuff”.
$5,000 per month is a ton if you’re not touching your 401Ks. Good for you.
I need a hobby. What is it?? :-)