Interesting article on Nomadic lifestyle
Nomadic lifestyle
Forum Discussion
Well .... I consider myself and the DW quite "responsible": Advanced college training for the DW and an advanced degree for myself, USAF officer military service by myself, after my military service max 401K contributions plus employer matching for over 32 years, built our own house to save $$$ over buying one ready to go, bought only one new vehicle over our entire working lives and then a new inexpensive RV in retirement, no "toys" to speak of except for a used 14 foot aluminum fishing boat, etc., etc..
After 20 "responsible" years of 401k contributions while working in industry we had a grand total of ~$200K in our 401K ... plus our house. I looked at the situation and said "no way is that anywhere near enough to retire on while trying to stay in our home during a bunch of those retirement years and then go into to a rest home". I then made a risky investment not recommened by the experts ... which turned out well merely by us being blessed ... so now we're getting by without having to work in an Amazon warehouse or a Micky D's.
Most of us should never do the risky thing I did with our hard earned savings. I fully understand why so many folks here in the good old U.S. of A. can wind up living the way they have to in their older years. I'm convinced that a lot of it has nothing to do with "living irresponsibly". A lot of it has to do with PURE LUCK while being in just the right country at just the right place during just the time(s). There is no room for smug arrogance from any us.
After 20 "responsible" years of 401k contributions while working in industry we had a grand total of ~$200K in our 401K ... plus our house. I looked at the situation and said "no way is that anywhere near enough to retire on while trying to stay in our home during a bunch of those retirement years and then go into to a rest home". I then made a risky investment not recommened by the experts ... which turned out well merely by us being blessed ... so now we're getting by without having to work in an Amazon warehouse or a Micky D's.
Most of us should never do the risky thing I did with our hard earned savings. I fully understand why so many folks here in the good old U.S. of A. can wind up living the way they have to in their older years. I'm convinced that a lot of it has nothing to do with "living irresponsibly". A lot of it has to do with PURE LUCK while being in just the right country at just the right place during just the time(s). There is no room for smug arrogance from any us.
