the irony is everyone trying to show an accountant how to manage and generate income. LOL just awesome.
The OP keeps the information about his lifestyle and finances close to his vest. What is fascinating is that the OP appears willing to limp along with the struggle to get to the point the home is paid for, then sell it and buy an RV and travel. Who, at 67 years old, would
not want a paid for home? Rent it out and get some RVing income, but keep the home to come back to when tired of RVing. Selling the home to get into RVing only means the OP will need to purchase another home, another mortgage, and back into the payments game within a few years after starting RVing. The calendar is not on anybody's side getting into RVing at 67 years young and to that end the OP would most likely have (with good health) about ten years to RV before wanting back into a stick and brick. I can not imagine anybody selling a paid for home at 67 and then need to buy another one within a decade; perhaps much sooner. Something is just not clicking somewhere.
The only thing that makes sense to me is if the OP is so deep into debt and cannot see daylight, has tried to look at everything, has tried to get help, and must off the home now that the RV life might have merit. So might living in an apartment, living with family or relatives, perhaps some debt consolidation, working more hours or two jobs, cutting out restaurant dining, eliminating nice cars, defering expensive vacations, etc.
The RVing life is a life of adventure, being willing to roll with the small space punches, wanderlust, love of travel and meeting others, and seeing places and doing things that are hard to accomplish from a fixed base. To some extent it is all about making memories. Everybody that fulltimes in an RV talks about the memories and freedom to travel;
rarely do they equate full time living with being on a constant vacation. It is clearly not for everybody nor is it a panacea for being in debt and having a home that is worth less than the payoff. If the OP can generate a source of income living in an RV, why not augment the family's existing income now? The OP indicates no retirement income at all, yet says Social Security will be around $3000 a month? Is that not retirement income?
I think the OP is smart for getting good solid feedback from this thread; what he does with it will be interesting. I hope whatever choices he makes works for his family.
