Okay, my first post is dated 10/21/14. So why title it 9/10/14. Because that’s the day of the final draft of our most current retirement plan in terms of how to finance our retirement. I dusted off the old plan drafted back in 2001. For now, I’ll be posting a lot of the content until Karen gets the bug to blog and adds her thoughts.
We decided seeing the great country we live in from an RV would be the way for us. Our Future in an RV begins, give or take a few months, around February of 2023. Or earlier if we can save up the extra money.
I am eligible for a pension in 2018 and Karen could get early Social Security. For now we have decided to try and work until 2023 when we would be in better financial shape. (Update – Figured how much we would be short and have decided to save and leave as earlier as possible. Seems like 90% of people move up their date after a few months of planning)
Three things have become apparent and most liberating:
- We know how much we need to budget for our retirement plans rather than just saving as much money as we can and then the day to retire just creeps up on us. We found plenty of advise online as to what full-timing is expected to cost, added a percentage for inflation – and BAM – we have a budget to shoot for.
- Knowing we are going to be selling off most, if not all the “stuff” and our home, suddenly changed our spending habits in a positive way.
- Having a definite goal with a date assigned to it is exciting and gave us something to look forward to.
** If you are reading this blog from the start, please feel free to comment even if the topic is months old. **. Thank you,
Mark from Missouri