Reply to Early retirement, vacation home or travel? Hard decision

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Okay, I don't mean to piss anyone off or come off like a troll but here's my dilemma and I was hoping for opinion's from other's that might have been in the same boat. I was able to retire fairly young at 55 along with being financially set for life. The problem is my wife and I love to travel but at the same time would love to buy a vacation home for retirement. The issue is I really can't do both and spend the kind of money I'm looking at.

I guess my big question is, would you rather have a vacation home or several beautiful vacations around the world each year? Seem's like it should be easy to answer but it's not. Any serious suggestions or past experience would be appreciated. Also, I've heard all the pro's and con's of owning a second home.

[/quote]

Sorry to break it to you, but if you cannot afford to do both, you are not 'set for life'. [/quote]

This is just silly. Typical DCUM snark. Of course someone can be "set for life" but not feel comfortable buying and maintaining two homes [u]and[/u] traveling extensively.  Or, perhaps they could afford to do all three for some period of time, but it wouldn't leave the kind of "cushion" that they need to feel comfortable that their money will last as long as it needs to.  Retirement calculators just give you predictions -- most of us don't want to cut it that close.  [/quote]

When someone says set for life, I think it has a connotation of a level of income that is not going to really restrict your activities.  Technically, if you live in a trailer that costs $500/mo and you are collecting 2k a month in SS, ypu would be set for life, but I don't think that's what most people think of when they hear that term.  [/quote]

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