Finances

The final Nomad budget report

  • Sunset on the Pacific Coast.

By Tom Nichols

Our financial gamble to retire early in 2015 and live on IRAs as New American Nomads worked out pretty well.

Despite a historic downturn in stocks and bonds in 2022, we ride into the future with our retirement nest egg intact in dollars, though NOT in inflation-adjusted dollars. We withdrew five percent of our assets each year to fund our early-retirement dream.

Now, our full-retirement income gives us the freedom to make plans for buying a house of our own some day and continue our travels in The Epic Van as long as health permits. Our income is fixed, no longer uncertain, which is why this is my final report.

Budget lesson after three years: Choose a little more living and a little less dwelling

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