ADVENTURES, CHALLENGES, AND INSIGHTS OF A COUPLE IN EARLY RETIREMENT
As our loved one’s age, we want to be able to ensure their needs are met, including managing their finances when they can’t. A common misconception is that a Power of Attorney or having their assets in a trust will solve all problems.
In order for our roving retirement to work, we have to rove. As we all know, roving isn’t quite as easy now as it has been in the past. But it just isn’t practical for us to stay in the Bay Area for any stretch of time.
Since we became homeless and started our roving retirement, we have gotten into a mindset of moving around periodically. Now it seems to have become a compulsion because I get often antsy when we stay in one place for more than three weeks.
Roth conversions this year can be a great way to save on taxes later. Our money has to last for the next 30 to 40 years and fund our roving retirement lifestyle. So, I spend considerable time thinking about ways to save on taxes.
Like many people, I have been “given” the opportunity to reconnect with loved ones and learn new skills during the coronavirus lockdown. Especially since the roving part of our retirement has been greatly curtailed.
