GrumpyGator
Middle Tennessee
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Joined: 04/06/2012
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Well, I guess it happens to the best of us. My business partners decided to "pursue other avenues" and want to buy me out. I can keep my ownership of the company or sell. I don't believe in their new direction so I'm taking a buyout. The terms are good, so no problem there.
I'm 64 and eligible for early Social Security. I have no other retirement income other than what I have put away, about $500K. SS will pay me about $1700 per month.
My S&B is paid for, as is my vehicle. Only "real" bill is my RV, which I purchased new earlier this year. I put a big down payment on it so I won't be upside down for a couple of years. Payment is about $400/month. Total bills are about $1K, everything included. Don't currently have any health issues.
I like to take off about 6 times per year for a week or 2. Really don't like the idea of giving that up.
So, what would you do? I'm not going to live forever and would like to enjoy the years that I'm able to travel. Am I unrealistic in trying to keep the RV?
2012 Nexus Phantom 31P
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donn0128
Pronounced Ore-gun
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Joined: 04/21/2005
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Keep it. Maybe pay it off since a lot of the deductions are going to end Dec31 and enjoy life.
Donn,Lorri,Max (The Rescued Lab)
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Olbeachcomber
Louisiana
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Joined: 12/26/2012
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I think I would make every effort to keep it. Like you said, none of us live forever. Enjoy it while you can!!
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HappyTrails2U2
Tennessee is home but being held hostage in GA.
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Joined: 11/11/2009
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If your like the average retiree you'll be dead with in 5 years anyway so why bother? You won't run out of money by then unless you go to Vegas and blow it on gambling and wild women. So enjoy it while you can. 
2010 Rockwood Signature Ultra Lite 8315BSS
2003 Chevy Silverado 1/2 Ton Extended Cab
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gbopp
The Keystone State
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Joined: 08/03/2008
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Keep it and enjoy it while you can. You don't know what tomorrow will bring.
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pianotuna
Regina, SK, Canada
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Joined: 12/18/2004
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Hi,
I'd keep the RV and double up on the payments to reduce the term of the loan. I use my RV about 60 days per year and drive 1000 miles per month on average.
Regards, Don
Kustom Koach Class C 28'5" 256 watts Unisolar, 875 amp hours in two battery banks 12 volt batteries, 2500 MSW watt inverter.
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smkettner
Southern California
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Joined: 03/21/2005
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Keep it at least for another year ot two and see how it goes. I would tend to just pay it off or at least send double or more on the payment.
2001 F150 SuperCrew
2006 Keystone Springdale 249FWBHLS
675 watts solar
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RVUSA
Orlando, FL, USA
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Joined: 01/04/2005
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Keep the rv, sell the biz, sell the house, and get busy retiring.
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D.E.Bishop
Eagle Rock, CA
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Joined: 08/09/2001
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HappyTrails2U2 wrote:If your like the average retiree you'll be dead with in 5 years anyway so why bother? You won't run out of money by then unless you go to Vegas and blow it on gambling and wild women. So enjoy it while you can.
OMG, is that's why I've been feeling so sluggish the last twelve years of my retirement. DW said I'd be driving that house down the road with somebody trying to take the wheel out of my cold dead hands someday. 
Well the rest of you have a Happy New Year.
"I travel not to go anywhere, but to go. I travel for travel's sake. The great affair is to go". R. L. Stevenson
David Bishop
1990 Bounder 27D
1995 Suzuki Sidekick 4X4
Stowmaster 5000
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capndan771
Northern Michigan
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Joined: 01/19/2012
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We purposely purchased our motor home for just the reasons you now face. Financially, we are in similar financial condition but took early retirement at 63. Only major issue was maintaining a medical plan until Medicare was available. We maintain our base cabin home in northern Michigan and travel about 5-6 months out of the year. All has worked out very well and we are very happy with our decision. We did analyze our financial very thoroughly to be certain there were no gremlins that might crop up. So far, so good. If you enjoy traveling now, it only gets better as time goes on. We did not want to be part of that group that wished they had when we could be part of the group that can say, damn wasn't that a great time!
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