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Old 03-24-2013, 07:16 PM   #1
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What age do you start planning for retirement and rv life.

I'm 53 and dw is 52 and we've bought a 2001 Bounder.Our plans are to retire at 60 and take a two year trip across the US.and just enjoy life there after.

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Old 03-24-2013, 07:23 PM   #2
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My retirement is November first wish I had planned sooner but everything is paid off bought a RV lot in Florida Did well in 401 K and saved everything I could. My company also had a very good retirement even though it did change quite a bit. Planned retirement sort of but still very nervous with retirement. Maybe someone else can put me at ease. One question I have is when you retire early does anyone have the answer for health insurance.

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Old 03-24-2013, 07:42 PM   #3
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In 1968 we had a pup tent. We started planning then.
The REAL financial planning started at about 50. Kids outadahouse!
And old saying: Most people do not plan to fail, but they may fail to plan.
We dreamed it and started an XL spreadsheet, and kept at it. Worked!

Now, the journey is our destination!

Our best wishes to you!
Dave and Nola, RVM1
The Journey is Our Destination!

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Old 03-24-2013, 08:44 PM   #4
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We live full time in the RV already. While Thom will be 48 in a few weeks he is not retired and not looking to retire anytime soon. I am 46 and have been forced retired for about 7 years now. I say forced cause Doc says (in her words) "It is not worth my license to release you to work with your medical history". So we go where the work is for Thom and do lots of things in between work. As people keep telling us "You guys are always busy and doing something".
Thom and Christine having fun in a 1993 Monaco Crown Royale Signature Series 40ft 300hp RV. Towing a Fiat 500 Abarth and a Harley.
Our blogged repairs and travels
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Old 03-25-2013, 05:57 AM   #5
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Originally Posted by mrrob1 View Post
I'm 53 and dw is 52 and we've bought a 2001 Bounder.Our plans are to retire at 60 and take a two year trip across the US.and just enjoy life there after.
Tough question ... a lot depends on your health, your projected health, and your resources. With perfect hindsight I wish I had started an RV adventure about 5 years ago when the housing market collapsed. I say that based on my perception that there is no longer a financial advantage to owning a home. In addition I am 69 and, although my health is good, I am not as physically and mentally "sharp" as I was at 65 (or 60).
2005 Newmar Essex 4502, 2013 Caddy SRX
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Old 03-25-2013, 06:21 AM   #6
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My DW retired 2 years ago (62) and I planned to do the same however my company convinced me (with $$$ plus other things) to remain. I tried again a year later which resulted in the same conversation with my company. Shortly after this second discussion my wife was diagnosed with cancer but lucky for us it was very treatable (surgery and oral chemo) but she has limitations. All this resulted in a third conversation with my company and the end result I went into semi-retirement last month (I turn 66 in a couple of months) and I will provide consulting services remotely from home or the road. If this becomes too much of an interference I will FedEx my computer, Blackberry, and security badge back from where ever.

As for the financial end of it all, we have been planning to retire for many years therefore we have a budget that allows us to live and travel without cutting too many corners. We have a number of trips planned for this year and beyond and we will enjoy the travel/RV life as long as our health holds out.
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Old 03-25-2013, 06:37 AM   #7
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The best answer to when to start planning your retirement is the first day of your first ever real job. That is the time to start putting money in your 401K or some other investment for your future. We were both lucky enough to work for a company that not only contributed to our plan but matched funds and with the advice of older workers when we were young maxed out the amount. At 52 and 53 we were retired.

RV wise you are making a good decision by purchasing yours before retiring. We thought there may be a retirement incentive or "buy out" coming and bought ours with that in mind. We made payments until the "package" came along and paid off the rest with some of that. This made us debt free and ready to go. You will also have time to work out any bugs and do any upgrades while you are still collecting that big paycheck.

Good luck with your retirement. It was nerve racking for us to pull the trigger but we never looked back and do not regret it.
Mark & Nancy
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Old 03-25-2013, 06:39 AM   #8
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Started planning financially over 25 years ago when DW and I got married. Started planning travel about 5 years ago. Retired December 31, 2011 at 53 y/o. Implemented plan and was in Florida Jan 1, 2012. Got custody of our 13 y/o grandson in September 2012. Plans brought to a screeching halt. How does that go, "God laughs when men plan"?
Shawn M.
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Old 03-25-2013, 06:54 AM   #9
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Started planning when I was about 35, unfortunately it was a lot of years later before I really did a lot about it.
Jerry & Patsy Potter, Taz & Jake Jr.
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Old 03-25-2013, 07:06 AM   #10
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I had a chance to retire at 60 (or go find another job!), and despite a case of nerves at first, have never looked back. It's not an inexpensive move, and not without changes to your lifestyle. However, experiences gained from close friends and family encouraged me to go play while I can.

I would hesitate to suggest the move to anyone with debt. Any debt. Ability to budget accurately an absolute must.

Have no plans to go full time, prefering instead to go out for 4-8 weeks at a time, then returning to the comfort and security provided by the sticks and bricks. Friends, family and other interests would have a lot to do with the return as well?

Had done very little in the way of extensive travel prior to retirement, so we just decide on a direction to go and then go explore!

Best of luck on your decision! -Al
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Old 03-25-2013, 07:17 AM   #11
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We don't plan to full-time, but we started planning for retirement when I was about 37 or so, and in retrospect, that was too late. We've operated on a debt-free basis since the early 1990s so we won't have mortgage, RV or car payments to worry about when I retire this year, but on the other hand, I don't have a pension to fall back on. Just the 401(k), IRAs, other investments, accumulated cash and Social Security.

Best of luck with your plan to retire at 60 - we originally wanted to retire at 55, but the economy didn't cooperate, and I didn't start planning and saving/investing early enough.

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Old 03-25-2013, 07:49 AM   #12
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Life is what happens while your busy making other plans. No matter what changes life brings your way, you will not regret having money in the bank. Previous advice to begin planning and saving with first job is good advice. Better advice is to start with your first allowance as a kid. Savings and investing is a good habit to start early and one kids today should be introduced to early.

As soon as possible - get a financial planner, talk with your insurance agent about annuities, life insurance etc. Get advice from people in the business. There are honest - fair brokers out there. Look for appropriate professional designations, referrals, etc. Look for no load funds and tax free investments too. Just don't wait to get started and find you're mortgaged up a carrying debt that cuts down your investment / savings capital. That should already be built into your budget.

I didn't do all of these things but did some of them and should have done more. I'm not sure if people are still trying to keep up with the Jones' but my experience tells me that those with solid retirement income kept up with their savings and investment and not with their neighbors things.

The other good advice. Hit retirement age without debt or sooner than that and keep putting money to work earning for you.
Steve & Annie (RVM2)
2008 Fleetwood Bounder 38F ~ 325 ISB Turbo ~ Freightliner XC 2014 CR-V ~ Invisibrake / Sterling All Terrain
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Old 03-25-2013, 08:10 AM   #13
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I will add:

Stuff your 401K/IRA. NO, not easy. It takes discipline! It will be the meat and taters of your retirement.
Invest it wisely. Conservative mutual funds!
Watch it carefully and often. I moved my funds to low-interest money funds at times, while others wondered why they lost 40%. Kinda like, you cant lose if you aint playin.
Dave and Nola, RVM1
The Journey is Our Destination!

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Old 03-25-2013, 08:42 AM   #14
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You start planning for retirement and for rv'ing the first time the thought occurs that you might do that some day ...and then you adjust the plan as life happens over and over again. We went to RV shows off and on for 30 years before we bought our first (and only so far) RV two years before I retired. I retired at 54 with some trepidation and a little more debt than I wanted, but it was the right time for us both career and health-wise. We made it work, full-timed for 7 years as life continued to happen, and managed to buy a stick house nest for the DW a couple of years after her desire and a couple of years before my plan.

Paul (KE5LXU) ...was fulltimin', now parttimin'
'03 Winnebago UA 40e / '05 Honda Odyssey toad
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