I have 300K cash + social security payments?
I can never work again or get any more assets during my lifetime?
Cash for a cheap (<= 150K) condo in AZ; HOA <=$300/month.
For the “I’d buy an RV and travel crowd”…ummm, ok, but what are you going to do when you run out of money?
RV costs are going to be $75/day without food or PITI on the RV itself.
Here is a cite, since SDMB’ers like cites: http://twofortheroad.tripod.com/id48.html
Even if you max out on SS, you are going to be in serious negative cash flow each month.
Maybe we should move this to the “If I am so smart, why am I not rich” thread.