
The financial column,
Motley Fool, recently ran a piece entitled "The Cost of Working." In it, authors
Billy and Akaisha Kaderli questioned the wisdom of working longer to build up the 401K retirement plan. After examining just how much more it costs to work, rather than to retire, the Kaderlis provided some suggestions on how to cut back on costs. One of them? Consider leaving the conventional stix and brix house behind.
"And why not try someplace new? There are many ways to downsize your housing expenses. You could rent or purchase a condo, with amenities that management takes care of," write the minding-your-money folks, "You could move to a sailing vessel or houseboat, or maybe an RV. We know many RV and boat "full-timers" who long ago gave up the conventional house. It's not because they cannot afford one -- they simply prefer the unhampered lifestyle."
The article also provides other insights on how to reduce the cost of working--and helps you get closer to retirement (and that fulltime RV lifestyle).
Check it out here.
Photo: AndWat on flickr.com
1 comment:
In your piece about Considering when to retire it was stated you pay no payroll taxes whici is true, but you do pay taxes on penisions and social security.
Good article
Don Cathey
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