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:
I don't know how long it will take to complete my bucket list but I want to allow at least ten years which means I need to be on the road by age 60
Where I call home for tax and health purposes has also been on my mind and I believe NC is not as senior friendly as other states so If any one can share some insight into calling another state home I would love to hear from you.
If you retire at age 60, you'll need 5 years of buying your own health insurance.
This could be a considerable expense -- far more than the $150/month you said you were spending now. BTW, your health declines as you get older.
The fact that you didn't know Medicare starts at 65 (not 62), want to keep you house (with all its incumbent expenses), and want to take a lump sum payout of your retirement fund has me changing my mind about your estimated budget expenses. I think you could be in for a bad surprise if you retire that early.
