bimetalaupt
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Post by bimetalaupt on May 3, 2014 12:55:33 GMT -5
news.yahoo.com/lessons-learned-prepare-retirement-143052912.html THIS IS THE SECOND TIME I RETIRED FROM PHARMACY R&. FROM 80 HOURS A WEEK TO RETIRED BUT NOW I HAVE 100% CONTROL OF MY TIME. YES, I DO STILL HAVE MY FIRM FOR ASSET MANAGEMENT: FAMILY OFFICE VS HEDGE FUND. I THOUGHT THE WRITER GOT IT CORRECT. YOUR THOUGHTS? Time till what? Now what next: learing to get more done with less assets at risk. Organic deer garden for less then $1,000 at risk.
Just my thought, Bruce
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bimetalaupt
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Post by bimetalaupt on May 3, 2014 13:21:14 GMT -5
Pat, Yes and My lower tax rates help me prevent AMT burdens. Well Taxes are only if I sell more bonds, I do not know about you and your DH but I am busier now then before I retired from Pharmacy. I have put 150,000 miles on my SUV from 2007. I pay less tax on selling stocks then taking 403b withdraws. I pay only on the gains at Long term capital gains rate: until I am 70.5 years I only have to withdraw from all three trusts then taxes will increase. Just a thought, Bi BiMetalAuPt@clearwire.net
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TheOtherMe
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Post by TheOtherMe on May 5, 2014 21:22:19 GMT -5
My parents came to visit me (we didn't live in the same state) the first year they were retired. All they did was argue. Both of them say the first year of retirement was the only time they ever wondered if this marriage could last. Apparently they figured it out as they are now up to 66 1/2 years of marriage.
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bimetalaupt
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Post by bimetalaupt on May 6, 2014 0:12:02 GMT -5
I'm afraid I see us there. Right now not being able to do much because of my foot, I'm climbing the walls. I do not see how people just sit around in retirement! And yes, I'm eating because not much else I can do right now and am gaining weight. This is soooo bad. I think we will argue also, I hope we can weather it, would be crazy to get divorced after being married almost 50 years. Pat, I just wish I had more time to play my Piano: the one on the left of this. Honey Bear will always be to my right as she was during life. She will always be 39. We had big plans just like her favorite hero in her romantic writing. Now it is up to me to fill in the missing energy in life. Well we spent 20 years preparing for retirement: I do wish she could have seen her plans for that event Work. It is all about living, loving and risk. Take all God's blessing he gives you and Yours with thanks. You may need to talk about ME Time!!
Just a thought, BiMetalAuPt
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bimetalaupt
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Post by bimetalaupt on May 11, 2014 15:04:47 GMT -5
Family First... Blood is thicker the water!!Monies invested in your family will produce forever. Just a thought, Bi
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bimetalaupt
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Post by bimetalaupt on May 13, 2014 16:04:04 GMT -5
I am working on paying all the bills from checking. I had not done EFT's before so used the credit card for some, but I want to get to where I know what I am spending on bills so today I worked on direct pay.
I'm going to deposit $3k to $5k in my checking and see how I do the rest of the year on budgeting. We need to keep our expenses under $5k a month or will be pulling money out of savings. We will be pulling $25k to $30k, not sure how much yet, haven't tied it down out annually on top of it for RMD's but would rather not spend it.
But hubby and I both charge things and don't really account for those items, that is going to have to change. I usually pay it off every couple of weeks, just use it for the points and money back basically so running the bills through added more points, but don't want to do that any longer.
Today is unusual for me, I actually hired a landscaping outfit, to clean all the landscaping in front and freshen it up and mulch, plant 6 rose bushes and clean my back flower bed. It's not cheap but the ankle is improving and I have enough work to do here without doing that. I started it last year and what took me days they are doing in a few hours. It's rained again and I really need to get out and finish planting my garden but it needs tilled. I am thinking about having them do it annually for me from now on.
Anyway back to basics.
I finally got on balanced billing for electric was just here long enough to do so, but I took the quarterly balance option till I see where we are, right now its $218 a month for all heat, AC, water heater, and electrical use.
Phone, internet, and cable run $252 a month on one bill.
Water is about $35 to $40 a month
House, car, motorhome insurance, license & fees, and property tax run $6600 a year so $550 month
So basic fixed expenses I will say $1100 a month. I may be able to get the insurance down and we have a flatbed trailer to sell and later the motorhome so that will reduce it quite a bit, but not for now.
I do this exercise periodically to see where we are. Our supplement insurance is going to be the biggy, have to see what we can get.
But that's pretty cheap basics anyway I think.
Add food, insurance for us, incidentals, hobbies, traveling, etc and I'm sure it will go up pretty fast.
I'm trying to prepare us for the shock of less income so we know the expenses and won't be shocked by those too.
Pat & DH, My budget did not change at all. I did a bit more income as my tax rate was a bit lower for a time but was living way below my income: nothing else changed. I have spent more time on the R& projects with a larger picture of the world. I wish I had more time to play my piano. I did look at a New House yesterday: sure miss my wife. Shock is being widowed at 41. Well: do not get me wrong as from the point of view of income :life has been good but lonely. My brother finds interesting projects that need real deep study and lots of $$$$. They call this retirement:
Just a thought, BiMetalAuPt
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bimetalaupt
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Post by bimetalaupt on May 13, 2014 22:35:07 GMT -5
Oh my, I didn't realize you were alone, I'm sorry. Hubby and I have been married 46 years, doesn't seem like it. Most people think its strange the way we have lived but it just became the norm for us. We talk daily so it doesn't feel like he is gone. Also we each are fairly independent this way.
I would really miss him so hope we can be there for many years to come.
I think my husband will be like your brother, sigh.
I was going to by a fishing boat, backed off and am thinking about it again. Pat, May 27,2014 would have been our 47th. I gave her my word I would be the best Dad I could. Every time I ran out of rope: God has tied me a new loop to put my foot into. Now God has given me an Angel: aka DiL. ( That is My son's wife
God Bless you and your DH, BiMetalAuPt
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bimetalaupt
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Post by bimetalaupt on May 14, 2014 0:21:05 GMT -5
DL? not sure what that one is.
Thank you, we are good so far. Daughter in Law. A real Angel!!
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dannylion
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Post by dannylion on May 18, 2014 16:14:24 GMT -5
I retired three years ago with six months' "preparation". I had loved my job and hadn't made any plans for retirement until one day I didn't love it anymore and decided that after 39 years it was time to go. I didn't really make any preparations or plans, just chose a date six months hence and filed my retirement papers since my agency recommended filing six months in advance to make sure everything was completed smoothly and on time. So far, I've been quite happy in retirement. The first couple of years were a little rough as I had some health problems and had surgery a few months after retirement, then a year later my Dad and another close relative passed away within 24 hours of each other. There was a lot to do during Dad's final illness and afterwards, so I didn't really have the full retirement experience until I'd been retired for over 18 months.
Once my Dad's estate was finally wrapped up last year, I've just had myself to take care of, and so far it's going fairly well. I'm lucky to have a nice fat pension, good health insurance, and substantial investments plus a part-time job, so I have no financial worries, which is a blessing. I'm still saving/investing a big chunk of my income, so I don't anticipate any problems in the foreseeable future. Marriage was always out of reach for me, so I have no close family, just some cousins, who are kind but live far away. If I had a significant emergency, I'm sure I could count on their help, but for day-to-day life issues, I'm on my own. I've always been pretty self-sufficient, and I'm lucky to have good friends, so I don't really feel alone.
I keep busy with my part-time job and volunteering in the emergency room at the hospital plus hobbies and reading and trying to maintain order in my house, which is a constant battle as I prefer reading or sewing or tackling an interesting puzzle to any kind of housework. My next big project is to get a dog. I like dogs.
I always wondered what I'd do with myself once I retired, and once I had retired, I discovered that I just do whatever I feel like doing, and if i don't feel like doing anything, then I'll just watch the wildlife on the pond next to my house or take a nap.
I like retirement.
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Blonde Granny
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Post by Blonde Granny on May 18, 2014 16:35:48 GMT -5
When my Dh first retired, it was like a sprint to do everything we always wanted to do and do them as quickly as we could. But like Pat, my DH traveled for years and I pretty much lived my own life. Enter retirement: in less than a year, I ran away for home simply because I couldn't stand it any longer. He still felt that I was nothing but his admin asst., we went to 1 checking account and I was told I could ask for a check if I needed one.....egads!!!!! talk about the explosion. Then he started to question charges on the credit cards......needless to say, running away seemed like a good option. I flew to Denver to visit a friend, and eventually went back to Florida for a good sit down with Dh. Here we are 18 years later and still married.
We still over the years did what we wanted, neither of us wanted to work, didn't want volunteer work, we just wanted to goof off doing what we wanted when we wanted to do it. Jobs meant commitment and we weren't going down that road again.
All these years later, our lives have slowed down. I sew & quilt, we take 2-3 trips per year, DH has some serious medical problems which slows him down, but still, life is good. It's going to be 50 years in October, which is not bad for 2 kids ages 19 & 20 that no one ever thought would make it.
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bimetalaupt
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Post by bimetalaupt on May 19, 2014 18:12:12 GMT -5
Oh, I didn't see the I in it.
Good for you, glad you have some good family in your life, that helps. Yes and he has his mothers eyes!! God Bless everyone, BiMetalAuPt
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bimetalaupt
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Post by bimetalaupt on May 20, 2014 21:43:25 GMT -5
Oh, I didn't see the I in it.
Good for you, glad you have some good family in your life, that helps. Yes and he has his mothers eyes!! God Bless everyone, BiMetalAuPt Next Tuesday would have been our 47th. Last Sunday the two of us went to the ranch and worked on the our Soil remuneration demonstration vision for the future. The large pit We call "Worm Valley" was full of huge Potatoes and a Wind Dam where last year was only oil sand tarmac.
The talk was all about the future and my 69th birthday( next Tuesday). The family wants to go to the lake and fish. His mother loved to go picking! Now where can I find a worm?
Life moves on, God Bless Everyone, BiMetalAuPt
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bimetalaupt
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Post by bimetalaupt on May 22, 2014 13:07:18 GMT -5
KOOKING FOR WON: VICTORY IN THE KITCHEN.
MAY 27 WILL BE MY 69TH BIRTHDAY SO I BOUGHT MYSELF A SUPER DEEP FREEZER AND SEVERAL DOZEN FREEZER JARS. Now 5 cu feet freezer at -10 F will Keep my meals fresh for 6 months(I was told by Home Depot). Who makes the best freezer jars( plastic)?
Now thing are getting exciting: the doctor will let me go deer hunting next season. My 30-06 is sighted in at 200 yards: about the distance from our deer blind to the Deer feeder. Behind the feeder is a huge mound of rock and caliche: I call Worm Hill. Just to be sure Eric bought me a bell to shot at for Worm Hill. Now to get the trash removed from the road to the bottom of this "Delicate Water Recharge Reserve".
They call this retirement!! Never had more projects: Just a thought, BiMetalAuPt
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bimetalaupt
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Post by bimetalaupt on Jun 28, 2014 2:50:01 GMT -5
Call it a very high risk life style but retirement means many things: Growth in self control: ok make that my OCD IS GETTING OUT OF CONTROL BUT I AM MY OWN BOSS! WORK 15 HOURS A WEEK MAKE MORE THEN AVERAGE LOVE EVERY MINUTE USE ALL MY STRATEGIC PLANNING SKILLS AND KEEP READING GEORGE DAY AND JOHN HULL: PERSONAL GROWTH UNDERSTAND PEOPLE THEN MONEY THEN THINGS GOD BLESS, BiMetalAuPt
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TheOtherMe
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Post by TheOtherMe on Jun 29, 2014 21:52:33 GMT -5
My dad did not live on the road like it sounds like yours has Pat. I do know they both said the first year of retirement was rough because of being together 24/7. They weathered the storm and had another 27 years together. Now my dad is grieving the loss of his wife of 66 1/2 years.
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