DallasSteve wrote:
I've waited and I've saved and now I can afford to take the risk. If I try living in an RV full-time and I don't like it I can sell the rig and go back to life in a fixed home and if I lose $10,000 giving it a try it won't wreck my retirement.
I don't agree that financing is bad. I could pay cash for an RV, but I'd rather make a down-payment equal to the initial depreciation plus some cushion and then feel like if I had to sell at any point in time I could get about what is left on the note and my true savings is still what is still in the bank.
Not to mention that if you have a large chunk in tax-deferred savings, still making money for you, financing avoids taking the huge tax bit when withdrawing a enough to pay for a new coach. Plus, that money was making money at a very good rate for us. And in an emergency we could have drawn it out, but didn't have to, and it is still there (though now we have to take a minimum distribution each year) earning money for us.
Barb
