Millennials and RVs
Several threads recently have shown there are lots of elderly among us. Here's an article from USA Today regarding RVs and the youngsters. Link
Forum Discussion
CFerguson wrote:shelbyfv wrote:
I don't think this is correct, maybe you could post your math.
I understand why you would ask, but it would result in my revealing my financial history and status which is no ones business. The math is correct, but everyone else's will be different. Often vastly different. fwiw, I have advanced degrees and worked a long time + was compensated accordingly.
For me, SS/Medicare/etc was/is theft. For people that don't/wont work, its found money.
CFerguson is correct. To put it in perspective. Assuming one begins solid earnings around 30 or at least early thirties. That puts your "ss investment" in the $1million range by retirement age base on historical investment returns. Maximum ss benefits is in the $30k range per year. So yes, it would take that long to draw down that investment based on the annual withdrawals.
And if that does not make sense go back and study why it is important to start saving in your 401k or other long term investments.
