Full timing on social security? - Page 2 - Fiberglass RV


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Old 11-27-2015, 10:28 AM   #15
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I will find out soon. Like most of the people here stated, it depends on the person and what type of life you want. I do not need many things and live simply. Bought a 16' Scamp and have been making modifications to match my wants/needs. I will be taking off next fall at age 62 on SS, my limited savings and sale of house with very little equity My biggest money issue will be health insurance. I will be boondock a lot and visiting relatives one or two weeks at a time in several states, staying in one area two weeks or so at a time. Travel will be limited to about 5 hours traveling, then a stop at a Walmart, rest area, or similar type "no amenities" place for the night. I am more of a loner and, like RVSue, and will have my dogs for company. I will have a home base in MN for a longer stay in the summer with my daughter or son. That will be repair/update time! Decided if I wanted to do this, there is no better time than ASAP. Being single and raising 3 kids, I have always found way to make ends meet, and retirement will be no different.
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Old 11-27-2015, 10:30 AM   #16
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Unhappy Social Security

1040, 2014, Page 28, paragraph 2:

"Use the Social Security Benefits worksheet in these instructions to see if any of your benefits are taxable."

Contrary to promise, Social Security monies can be transferred to the general fund.


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Old 11-27-2015, 01:03 PM   #17
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Remember, no politics and NO NAME CALLING. Several posts have been removed from this thread - too many to notify each of you in person. Be nice. It's a holiday!! In the U S at least, which is where this moderator is coming from.
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Old 11-27-2015, 01:07 PM   #18
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Wow Patrick!
If you only knew that while I was out working trying to run one business. My Ex was home making sure to run the other business in to the ground and hiding it all, so bad that I lost every thing I had ever worked for. I am still trying to dig my way out of that hole. So in that case I am a fool for trusting her. Lost my business, house, and air plane (crop duster) and much more.
But like my dad said to me son it's only money at least you got rid of her.
So there is the reason for asking such a ridiculous question about whether or not I could pull this off if I don't get my self out of this hole.
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Old 11-27-2015, 01:10 PM   #19
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Jason, without going into details, I absolutely understand your situation. Good luck with your adventures.
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Old 11-27-2015, 01:18 PM   #20
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I've been following this post and it seems to me that we're not hearing comments from people out there who are getting by, in their fibreglass RV's, on Social Security. I know there are people out there, successfully doing just that. Are we somehow inadvertently, in our comfortable, middle class way, subtly or not so subtly, alienating these travellers?
Me, I'm fascinated by their stories. My heroes are people who live well on modest means.



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Old 11-27-2015, 02:17 PM   #21
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Without actual numbers, it would only really be a W.A.G. That income figure could range from as little as about $600 a month for one person to over $7000 a month for a couple. In the former case, nope, in the latter, easy peasy. For everyone in between ya gotta crunch some real numbers to get an answer.


If anyone is doing that I'd suggest also doing what we did with a Cessna we once owned with two others. Always include a set-aside each month for wear and tear on the TV as well as the FGRV. They might both be paid for but, especially the TV, may need major repairs or replacement at some point and ya gotta be ready for either possibility up front.
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Old 11-27-2015, 02:58 PM   #22
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Quote:
Originally Posted by reeves99 View Post
....My heroes are people who live well on modest means.
I believe this to be very subjective depending on income prior to retirement. I have one friend that thinks she's living very modestly on a bit more than $5,000 a month. To others, that would be Nirvana.

As Gina D. says "Its not what you make, it's what you don't spend"
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Old 11-27-2015, 03:29 PM   #23
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Maybe some of you remember this link to "Without Bound": Cheap RV Living.com-Blog

I was once told probably 20 years ago that we would need $3,000 a month to full-time. That was quite funny because at the time, our family of 3 were living on $2,000 a month in a house and living quite well at that.

It just really depends. If you want to live every day like it is "vacation", you'll need a lot of money to do that and probably burn out in about 2 years and that is what the norm is. After 2 years or less, "vacation" every day is too expensive and tiring to continue. People just get tired of it. I mean, they spend a lot of money because "vacation" is expensive.

If you have always lived in a frugal manner and enjoy the simpler things, it doesn't have to be that expensive. It definitely helps if you are used to living within a written budget.

I would not be discouraged by the idea that someone says you can't survive on a certain amount of money, do your own math on the subject. A lot of people just poo-poo whatever wouldn't appeal to them.

Researching going full-time is part of the fun!
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Old 11-27-2015, 04:05 PM   #24
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Quote:
Originally Posted by kirkman View Post
Wow Patrick!
If you only knew that while I was out working trying to run one business. My Ex was home making sure to run the other business in to the ground and hiding it all, so bad that I lost every thing I had ever worked for. I am still trying to dig my way out of that hole. So in that case I am a fool for trusting her. Lost my business, house, and air plane (crop duster) and much more.
But like my dad said to me son it's only money at least you got rid of her.
So there is the reason for asking such a ridiculous question about whether or not I could pull this off if I don't get my self out of this hole.
Hi: kirkman... A rut is the same thing as a grave, with different dimensions!!!
Alf S. North shore of Lake Erie
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Old 11-27-2015, 05:06 PM   #25
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Hi: kirkman... A rut is the same thing as a grave, with different dimensions!!!
Alf S. North shore of Lake Erie
No it's not Alf. I can see the light and no one is throwing dirt in on me now!....
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Old 11-27-2015, 08:36 PM   #26
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In the last 69 years, it has been my experience that if you really want to do something, commit to it. The ways and means will soon surface, and you will be enjoying what you want to do.

Conversely, if you search for ways to do what you want BEFORE committing, you will find far too many reasons NOT to do it.

Like a non-swimmer jumping off a diving board into a pool...CONGRATS! You're going to learn how to swim!

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Old 11-27-2015, 08:56 PM   #27
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It pays to check to see if there is water in the pool before jumping off the diving board.
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Old 11-27-2015, 09:00 PM   #28
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Quote:
Originally Posted by floyd View Post
.....
BTW... Social Security is not subject to federal tax even with moderate additional income and many states do not tax 1099 income at all.
Floyd, when I first retired at age 62 there was no Federal Income tax on my SS income.

Each of the past few years that has changed. last year my wife and I paid Federal Tax on about 50% of our SS income. Next year it might be even higher. I do have other income, but, I remember being told that my earned SS income would be tax free!

Lots of promises have vanished ..blown away with the hot breath of Politicians....

Bill
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