Many people have experienced the personal freedom and sense of adventure that comes from spending their retirement in an RV.
Besides being fun and enjoyable, your RV retirement can also be affordable.
In her book, RV Retirement in the 21st Century: How to Live and Travel in a Recreational Vehicle, Jane Kenny outlines how you too can enjoy an RV retirement.
Many retirees who are full-time RVers (with no stationary home) are actually adding to their nest-egg savings while they’re out there having fun. Because there are so many types of RVs to choose from, and because of the many ways to reduce expenses and gain income while RVing, you can probably make the move to an RV retirement with less savings than you think.
Monthly expenses for full-time RVing can fall well below the average retiree’s fixed income, without having to draw on your nest egg.
Full-time RVing (either on the road or in a park model) can be comfortably affordable.
The RV Retirement Process
Your situation is certainly unique. Several factors will determine how smoothly your RV retirement transition goes.
Here are some questions to ask yourself before taking the plunge:
- how much liquid savings have you got at the ready?
- what level of frugality are you comfortable with?
- are you still able to work?
- do you still want to work?
- how much do you want to travel?
- will you have to budget for pets and a travel companion?
- how much space do you need / want? (there’s a difference!)
Once you ‘know yourself’ and your situation, you’ll have a better idea on what steps you need to take to transition to your new RV lifestyle.
Transition plans vary in length and complexity, but the main goals are to:
- sell the house (or move out of the apartment)
- downsize your belongings
- put proceeds into nest egg
- buy a home on wheels
- set out to see the country on the “vacation of a lifetime”
Thinking of Making the Move to an RV Retirement?
You can find many reasons why living in an RV makes more sense than living in a house. Jane Kenny goes into much more detail in teaching you how your transition to an RV retirement can be an easy one.
Here’s a short list of ten things you have to look forward to:
1. The home:
Expenses to own and operate a “house on wheels” are a lot less than the cost of real estate taxes, maintenance and utilities on a fixed residence.
2. On the road:
Combined expenses of camping fees and fuel are still less than the cost of hotels plus fuel for a car. Overall it’s a more affordable mode of travel than trains, planes, taxis, hotels and constant restaurant meals.
Wherever you go – you’re home.
Sleep in your own bed, enjoy home-cooked meals from your own kitchen, and know that your bathroom is as clean as you want it to be.
And, your pets can stay with you all the time.
4. Frugal lifestyle:
A fixed income budget will go a long way in an RV (unless you stay in one of these).
RV living lets you spend more time in the great outdoors and discover that the best things in life are free.
Full-time RV traveling is a vacation compared to the hassles of schlepping suitcases, airport screenings, flight delays and rental cars.
6. Ultimate Freedom:
Set your own itinerary – go wherever you want to for as long as you want to.
You’ll gain an incredible sense of freedom from being in the driver’s seat of your life.
7. Stay put for a while:
Just because you live in an RV doesn’t mean you have to constantly be traveling.
Rent a site at a snow-bird RV park in the Sun Belt for the six-month winter season.
Kick back and relax by the pool, play some golf or tennis and enjoy the all-inclusive activities with your fellow retirees.
It’s the most cost-effective way to winter in the South.
8. Jobs on the road:
Thanks to computer technology and satellite internet, if you’re still working from home you can easily set up a mobile office in your RV. Others can find temporary employment to meet their skill set even while moving around the country.
9. Best years of your life:
Traveling in an RV is slow and relaxing. It’s good for older Americans…after all, we’re retired and we’re not in any hurry.
10. Tired of being a vagabond?
If that happens, start shopping for where you want to live when you hang up the keys. Thanks to the nest egg you funded when you sold your last house, your next home is already in the bank.