In May 2020 I turned 70 and started to collect my own Social Security. Although I had been receiving spousal benefits since Tim claimed his Social Security benefits in 2018, I had waited to collect my full benefits until age 70. (We had run the numbers back in 2018 and had been surprised to find that that strategy for collecting Social Security was the most advantageous for us.)
At the end of 2019 Tim and I had decided to establish a separate travel savings account where I would deposit my Social Security check. We also started depositing the money we received from our museum projects, as well as “bonus” money like stimulus checks.
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Let's Hope the Travel Savings Fund Will Grow Quickly! |
The travel fund would be used to pay for all RV expenses, all travel to and from our museum projects, and all other fun travel. Since we were no longer getting our travel fix with the RV, we figured that we would need a dedicated source of funds for future travels. With my larger Social Security checks, our travel fund would grow much more quickly.
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