Retirement – more than circling a date on the calendar

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In The Journal, an article from Wells Fargo Advisors notes that “the number of corporate pension plans has fallen dramatically over the past two decades — from about 92,000 single-employer defined benefit plans in 1990 to 29,000 in 2009, according to the U.S. Government Accountability Office.” This means few can count on a known, fixed income for life.

George volunteering at Big Bend Nat'l Park

George volunteering at Big Bend Nat’l Park

The point of the article is that more planning is required. It recommends saving more and also to continue working so you add to rather than subtract from your retirement funds. Many RVers find that working on the road or volunteering can help reduce the need to withdraw retirement funds, and, in some cases, even add to funds for the future. When you work or volunteer, you usually get a free or low-cost RV site. Paying for an RV site can be a big drain on your funds. Staying in one place can also reduce your fuel bill. And, perhaps you have the use of washers and dryers at no charge, cheaper propane or other perks.

If you are looking for ways to reduce your spending, adding in Workamping or volunteering into RV travels can make a significant difference. Retire to an RV has a chapter on the topic, or for more extensive information, see Support Your RV Lifestyle! An Insider’s Guide to Working on the Road. Jaimie Hall Bruzenak

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