How We RETIRED EARLY TO RV FULL TIME | INVESTING, Social Security & More
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- čas přidán 7. 08. 2024
- In this video we talk about how the specifics of our retirement including our income and expenses & investments. A lot has changed since we did our last retirement update over 2 years ago.
- Did we buy those annuities?
- What about Social Security; Is Jim delaying until age 70 as originally planned?
- Did Korin find an affordable healthcare program to bridge the gap between work and Medicare?
- Has retiring during high inflation impacted our everyday lives?
Our goal has been and continues to be fully enjoying RV life while we are healthy and able.
The information in this video is for entertainment purposes only and is not intended to be personal financial advice. Everyone's scenario is different but take what you can from this video and apply it to your situation.
0:00 Introduction
1:22 Social Security
3:07 Annuities
3:55 Consolidating Investments
5:23 Investments
5:55 Bucket Approach for Investments
9:45 Expenses
10:10 Income Distribution (Checking Accounts)
11:43 Medical Expenses & Bridging to Medicare
13:03 Residency & Taxes
13:55 Addressing High Inflation - Taxes, Budgeting & Repairs, Workcamping
CHRISTINE BENZ - 3 BUCKET APPROACH - RETIREMENT PORTFOLIO
www.morningstar.com/portfolio...
SOCIAL SECURITY CALCULATOR
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Bridging the Gap to Medicare: • HEALTHCARE SOLUTION fo...
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Our Coach: 2009 Foretravel Nimbus
Our Tow Vehicle: 2016 Jeep Trailhawk
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RV Into Retirement Disclaimer
Our channel is for entertainment purposes only. We are not RV, Travel or Financial experts. We share our opinions on what has worked and not worked for us. Before taking any action or making a life change decision, you should do your own research.
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Thank you, Thank you, Thank you!!! Finally, you two are living the Retired Life very much how we are preparing for it. Completely in alignment with your Financial Management Planning/Execution (buckets concept is new, however, so I'll look up more about it from Ms Benz), appreciate the insight with how to do the pre-Medicaid Insurance world. Also, interesting to understand the how you approach Workcamping as park of your overall retirement "living". Very interesting, thank you for this video.
You guys are amazing. Really appreciate your transparency and willingness to share your strategies. I've started watching your channel to learn more about Foretravels but I have retirement strategies in my head as well, of course (almost 52 here and new to RV'ing; no rig yet, but not to saving for retirement). Thanks for unpacking so much great info and breaking it down in chapter format. More than happy to have subscribed! 😊👍
Kory, so glad you like it and thanks for the sub. There is so much information there and we try to keep it as basic as possible. It took us several revisions to get a plan that worked for us. As for Foretravels not only are they great coaches but the Foretravel community is fantastic. We are at a Foretravel rally right now and there are a good spread of coaches aged from 1990 to 2023 - a testimate to their durability.
Just found your channel! Working our way toward retirement and looking for ideas…thanks for the info!
Best of luck with your journey and your YT channel
I have been using your videos as a guide. My plan is to winter in the SW (Arizona or other SW warm winter locations) and summer in the upper Midwest. All of the videos on retirement planning, workcamping, maintenance of the RV resonate with me, so thank you for helping so much. My wife is 3 years younger than I, so the discussion on insurance planning was really interesting. Love the Foretravels. We bought an older American Coach to test the water this summer. So far we have had a really great experience - and were introduced to Harvest Host stays, which was fun. If I could convince my wife it is time to retire now I would!
Best of luck to you in your adventures
Nice video! Thanks for sharing, great ideas!
Thanks for watching!
Thanks for all the tips. We plan to return the end of next year and my wife will need to bridge insurance for just over a year. We will not be full timers, but see us going out for a few months at a time. Will check out the bucket method as simple is better and I like being in charge.
Great content. Each individual has to come to grips with life style, life expectancy, and money management. Retirement is a bit scary and wandering through SS and medicare is not simple but we found good advice and careful consideration is key.
Well said!
Very helpful video.
As always that you for your viewership and positive comments.
Great video, again. We'll be joining you next year.
Have fun!
the bucket system sounds like a good idea
It works very well for us.
Just turn 32 and retirements seems so far away I bought a “how to retire” book and it’s just collecting dust lol
Hopefully, social security will be available for you when you do retire.
Nothing like an early start
Age you still doing videos?
Taking a break for the winter