Retire And Live On A Cruise Ship

Spending retirement on a cruise ship is not a new concept.

Retire and live on a cruise ship. Although cruise ship living has its financial perks that doesnt mean its always more cost effective than retiring on dry land. Retirees were the most active cruise travelers in 2018. A potentially expensive retirement lifestyle.

Marketed as a first-of-its kind alternative retirement option for seniors the program allows participants to live on a cruise ship in seasonal or annual intervals. Theres no cleaning no cooking and no lawn to mow. Of the 24 million people who cruise every year more than a quarter of these sea-goers are age 60 or older and more than one-fifth are retired.

If this sounds like something youre interested. Attesting to the popularity of cruise ships for retirement a dedicated private residential ship was launched in 2002 to meet such needs. A cruise ship retirement has the potential to be more affordable than a standard retirement if you were comparing it to living in a retirement home or assisted living community says Tricia Tetreault financial analyst for Fit Small Business.

The 30-year-old cruise ship formerly known as Regal Princess and Pacific Dawn is reportedly readying to. Remember the cruise ship is a floating hotelempty rooms cabins produce no revenuecruise ships will fill some of these rooms at low rates to certain folks. A 2004 study in the Journal of the American Geriatrics Society concluded that 20 years in a retirement home for someone entering at age 65 would cost an average of 228075 as opposed to 230497 for the same amount of time aboard a cruise ship.

Put in terms of the 4 safe withdrawal rate rule the couple would need to have 6875000 to retire full-time on a cruise ship and would need 1400000 125000 to buy the rig and 1250000 to fund the lifestyle to retire and live full-time in a RV. What its like to live on a cruise ship for 8 years There was Lee Wachtstetter who wrote a memoir about living on cruise ships for 12 years after her husband died. You Can Live on This Cruise Ship For 25000.

Beyond the thrill of seeing new places cruise ships also offer a. Choosing to retire on a cruise ship or to simply call a cruise ship home and live life at sea can be an extremely rewarding and unique experience. You dont have to worry about doing the dishes or paying an electric bill.