When it comes to talking about retirement, there is often discussion about where in the country or the world to go to live out the rest of life after working responsibilities have ended. Where I live, it’s not uncommon for retirees to migrate to Florida. Lately, there have been more retirement communities being developed around the area as well. That’s an option for people who want to stay close to their families, friends, or whatever is keeping them in New Jersey. Cost conscious retirees may even consider moving outside of the country—such as Mexico or South America—to afford a better living for the money.
Scott Burns from MSN points out that another financially smart move might be to retire to an RV. The author’s experience:
I come across an Airstream flying American and Texas flags. The owners aren’t there, so I can’t ask if they homestead in Texas, with no state income tax, and wander at will from their post office box. Add a cell phone, a Yahoo e-mail address, and you can be at large in America with an investment of $40,000, possibly less, for a used tow vehicle and trailer.
In addition to the ability to move around to keep things interesting, the RV also gives a retiree the flexibility to go to work when necessary. This could be a big concern for those retiring now and in the future as people come to the realization that they may need additional income in retirement.
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2:03 pm (reply)
As comfortable as an RV could be, nothing beats a nice bed with a solid roof over your head. :)
2:04 pm (reply)
That and I don’t want to pump out my own sewage.
7:43 am (reply)
I’m thinking Mexico is a good, viable alternative. Lots of sun, inexpensive, lots of sun, no moving around an RV has, lots of sun, beaches, lots of sun…
4:26 pm (reply)
My husband & I (recently retired) actually looked into full-time RVing. Found lots of costs no one seems to talk much about – nightly fees at parks, laundramats, difficulty in driving in strong winds, the cost of gas, the many restrictions at the nicer parks such as no RV over 10 years old, the length of the unit, how many pull-outs, etc. Decided to stay in FL and will travel from there.