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.
Published or updated February 26, 2006. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.