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Tuesday, January 01, 2008


Thanks, as always Howard & Linda, for offering such honest financial information ~ always helps us with our thought process. One question ~ you have life & health insurance, but not disability - something like that could really wipe-out your assets - any thoughts on this? Thanks again!!!

Hi Suzanne & Brad,

Good question. And there is a pretty simple answer. :)

We don't have disability insurance because we don't have an income worth protecting at this point (i.e. there is nothing to insure). The majority of our income is from investments right now and any disability would not affect that income. Also, we don't have any debt, so we don't have to worry about creditors taking our assets if we are disabled and unable to pay.

In addition, since we are not in the workforce, not driving in traffic every day, not doing any business travel, etc., our risk of disability is much less than the 30% chance quoted for most working age adults (30% chance of a disability lasting 90 days or more).

If we ever get our earned income to the point where it sustains us, we might consider disability insurance, but I still doubt we will be able to justify the premiums.

Disability insurance is very complicated. And because the risk of working adults becoming disabled is higher than the risk of working adults dying, the premiums are higher than life insurance. We would be subject to the premiums of a higher risk pool than we are actually in.

Disability insurance was crucial when we had high paying jobs, a high lifestyle, and a mortgage. Now, all we need to do is survive, so we have greatly reduced the importance of it. :)

Thanks for the quick response, Howard! Looking forward to hearing all about Arches in the Spring ~ beautiful place, if you haven't been there already.

Take care.

Thank you for the recap it was an interesting bit of info. The $1,000 in stipends was that actually monies given over to the Santa Ana N.W. Refuge?


I suppose I should clarify. At Santa Ana NWR, we were actually hired by an outside organization - The Valley Nature Center - to drive the nature tram. The Valley Nature Center paid us directly the $1,000 in stipends at the rate of $10 per day per person on the days we drove the tram.

So that was money in our pockets to offset expenses related to the job. Because the stipends are considered reimbursements of expenses, they are not taxable.

On the days we didn't drive the tram, we worked for the Refuge itself which did not pay a stipend.

Howard & Linda,

Have you ever considered putting together an RV Documentary as additional income? I personally would love to buy one that shows what life is like on the road. You could include how-to's, interviews of other RVers, what to look for in a rig, etc.

If you decide to go through with it, just send me a free copy or two and we'll call it even. : )

You may have covered this in the past but I haven't seem the details of your health insurance coverage. We pay approximately $650 per month for my wife and two kids... Wow! Our coverage is a $4,000 deductable, with 80 20 coveage, perscription drugs $40 dollar co-pay for each office visit and no dental or vision. Your insurance seems so inexpensive?? Can you help me understand pleaase? Love the site and will continue to read!! Thanks for all the honest info. We are living vicariously through you!


Check our Health Insurance page at http://www.rv-dreams.com/health-insurance.html.

There you will find the details of our plan. :)

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