tag:blogger.com,1999:blog-4801127540015454226.post18656270810857724..comments2023-05-18T01:35:06.073-07:00Comments on Full Time RVing - The journey to our dream: 420 weeks remaining....Spantzhttp://www.blogger.com/profile/00986397139546282533noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-4801127540015454226.post-38567142524025325852014-10-07T20:56:43.061-07:002014-10-07T20:56:43.061-07:00Luckily personal finance was covered in getting a ...Luckily personal finance was covered in getting a business degree. Although I am far short of being an expert.<br /><br />I'd think you need, preferably, three things to retire without working - other than simply not over spending your retirement income. Those would be investments (401K and others), pension or similar such as an annuity, and social security. Don't keep all your eggs in one basket so to speak. Not all of us would have the same balance because some did not have a job with a pension or whatever. I'm just saying spread it out just in case the market tanks and you only have a 401k. For us, ours will be made up of two smaller pensions and 401k with social security added for my wife and mine arriving a few years later after going full-time. We are figuring our cash assets growing at a rate of 7% on average per year until retirement. Then using the rule of 4% when retired. In other words, planning to take out 4% of cash assets each year and adding it to our budget with pension and social security. We figured what inflation might be by then and raised our budget amount to reflect inflation which lead us to believe we would have to earn about $1000 extra each month for the first couple of years by workamping or lowering our expenses - say hosting for a free site or whatever. Mark from MissouriMark from Missourihttps://www.blogger.com/profile/09690142492551842918noreply@blogger.com