Am I Ready for RV Retirement
I am 67 year old teacher and ready to retire. My retirement is $2200 per month. if I sell my condo and turn my IRA into cash I'll have enough $ to buy a $100,000 RV. Most likely used one. I live with my wife and we are ready or think we are ready. Is $2200/per month will take us through.
Kory, Thanks for your message - that's a very good question. My first thought is that it doesn't seem to be a such good idea to cash in your IRA. If $2200 isn't enough sometimes, where's your backup? My second thought is that you're the only one who can decide if $2200/month is enough - it all will depend on your lifestyle. It's certainly doable,I think, but it won't always be easy and you may not be able to live the way you want. You'll need to do a lot of thinking, planning... and maybe talk to your accountant. Hope that helps. Susan