Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective.
My parents both retired in their early 60s with enough money and sources of recurring income to live comfortably for 25+ years (my dad died eight years ago, but my mom is still alive at 86).
In their retirement years, they drove to Vermont to go fishing on Lake Champlain almost every weekend in the summer, and they spent their winters in Florida. In each place, they had a modest home and a small boat, in addition to their primary home and investment property in the Berkshires in Western Massachusetts.
They were not wealthy by any means — my dad grew up on a small farm and managed an auto