Bloomberg Business Week reports on a survey done by Wells Fargo that says 80 may be the new retirement age. According to the article,
About 74 percent expect to work in retirement, according to the survey, with about 39 percent working because they’ll need to and 35 percent because they want to. And 25 percent of those surveyed said they expect they’ll need to work until at least age 80 because they don’t have sufficient savings.
So many people would like to retire by at least 55 and yet the with current economic situation, the reality may be much different for most folks. It makes the full-time RV retirement lifestyle even more appealing. You can often live for much less, depending on your choices, and you can work or volunteer for your site to reduce expenses as well as work for wages to bring in more income. There are parks where you can settle down permanently when it is time to get off the road. The Escapees RV Club has a number of them, plus you can find them in many locations, particularly where snowbirds flock in the winter.
Many things can interfere with keeping a "real" job in the stix 'n brix lifestyle. Working on the road could be the answer. Part-time work is easier to find and some jobs aren't that demanding if health issue keep you from full-time work. Check out Support Your RV Lifestyle! for how-to's and many ideas for making money as you travel. Jaimie Hall Bruzenak
Good one, Jamie. Wonder when I will really retire... too busy to even think about it.
Bernie Fuller (#32)
Posted by: Bernie Fuller | November 16, 2011 at 08:33 PM
I know the feeling, Bernie. But we work out of choice at something we like doing. Different than if you are stuck being a Walmart greeter or other job you really don't like.
Jaimie
Posted by: Jaimie Hall Bruzenak | November 17, 2011 at 06:19 AM
to me being a young person, "You think about rnmrieteet too much for someone your age. You'll live just fine if you save some money and don't think about it."1) Yes, but only because I don't require alot. Waste alot on restaurants today...2) They had better. Maybe it won't keep up with inflation, but there are just too many old people stimulating the economy with their government checks today. What would happen to our economy if that stopped? How much does social security stimulate currently. I bet the retirees spend just about everything the get. :)3) Have three kids so we are saving for their education and can't put as much away for rnmrieteet. Total is 6% for rnmrieteet, but the wife goes back to work next fall so it should get way better. Of course, we'll get phased out of the wonderful world of government give me's. No plan to change lifestyle so we're good. 4) Here in MN. Plan to go to 81 baseball games a year and spend spring training down with the team. Hopefully the children will stay in Minnesota so we don't have to fly around to see them.5) We're in our mid thirties. The wife plans to retire at 52. I hope I always having something going for other income. I'm just a tech right now, and don't do side work. As I get older I hope to spend more time figuring out ways to give big gifts to friends and family without impacting our rnmrieteet accounts.
Posted by: Ibrahim | May 05, 2012 at 03:45 AM
Good that you are thinking about retirement now- both saving and enjoying life.
Jaimie
Posted by: Jaimie Hall Bruzenak | May 05, 2012 at 07:20 AM