Real cost of full timing
I am nearing retirement and would like to RV full time, traveling the country stopping no longer than 30 days in any one area. I'm not frugal but I'm not extravagant either. I don't want to spend my r...
Forum Discussion
mbrower wrote:
Thank you all for your suggestions. Right now, the 7k/month is before taxes and I'm not sure how retirement income is taxed. Right now I'm at about 28% tax bracket. As far as insurance, I have separate account for that and I'm more or less self insured as far as medical goes. I plan on going on Medicare once I reach early retirement at 62 if I'm eligible. My wife and I like to travel pure and simple. Sight seeing, memorials, parks, hiking, etc. We will eat out at popular local eateries maybe a few times a week. Once I feel there is nothing left to experience, I want to move on to our next destination. I'm very capable with most repairs on both camper and truck but large projects would need to go to a shop due to lack of facilities and equipment.
Medicare doesn't kick in until 65 unless you have a SS Disability. So you will have 3 years of additional health insurance to cover.
Lots of us do just fine on 4-5K of month, live very comfortably, don't have to work, etc. Just depends upon what you want to do.
Barb
