Alexandoy
VIP Contributor
The maximum monthly pension we have from the government agency is $200. That would be substantial for a pensioner who has his own home and living with the spouse and not children. However, we have to take note of the value of money that in 5 years a portion of the pension will be eaten by inflation. As the saying that man does not live alone we also have to set aside a budget for small luxuries like travel, dining out and buying clothes plus personal services like a massage or a trip to the salon.
In our standard I am fine with my monthly pension because my wife has her own pension when she retires. That means we can have a total pension of $400 every month. In your case, do you think that $400 is enough for your pension?
In our standard I am fine with my monthly pension because my wife has her own pension when she retires. That means we can have a total pension of $400 every month. In your case, do you think that $400 is enough for your pension?