OK, YMer's here you go! I need advise!

[vonna]

Aug 19, 2014 9:18:52 GMT -5 Value Buy said:

It is official.

Friday October 3rd is the day.

Turned in the official retirement memo to my supervisor yesterday.

 Congratulations!

[Blonde Granny]

WooHoo!

[Bonny]

[WholeLottaNothin]

Congratulations!

[Value Buy]

Aug 19, 2014 12:03:36 GMT -5 @wxyz said:

NO ADVICE....Value Buy.  We have known each other a long time on the IB&B board so you know what I think............probably too well.

Just....CONGRATULATIONS on the retirement and the pay off from all your hard work accumulating and saving over your lives to make this all possible.  Hope you and your wife and family enjoy a long and healthy retirement.

Looking forward to you being able to post more on the INVESTING BASICS & BEYOND board.  For any that might not know Valuebuy has a nice thread on the board dealing with the current values of many commodities and indexes:

"The current price of key market indexes"

Thank you very much, and I must say, my thread pales in comparison to your and other threads at IBB.

I highly recommend YMER'S give IBB  a try, and see some of the ideas posted there! Great investment styles and thoughts.

I do expect to be active there in the future, but my wife insists I am trapped in a chat room, and I keep telling her, it's not a chat room but simply a message board with great advice to listen to!

[tallguy]

I do expect to be active there in the future, but my wife insists I am trapped in a chat room, and I keep telling her, it's not a chat room but simply a message board with great advice to listen to!

That is interesting.  You dispute her contention that this is a chat room, but NOT the contention that you are trapped in it....   Hmmmmm....    

[plugginaway22]

Congratulations! I LOVE reading about upcoming retirements of YM people... so much great info.  We are in our mid50s and starting to taste it, long for it, dream about it, imagine it.  Thanks for sharing your info!

[Value Buy]

Update!

twenty five days and counting.

Revised monetary requirements beyond social security is now $1,860 a month.

Seems we have lived a somewhat frugal lifestyle other than supporting children and grandchildren with extras.

That will stop (wife says "slow down) but we really do not spend money wildly, so not a lot of cutbacks to accomplish.

We actually see some spending increasing, such as gasoline purchases, hotel/motel rooms and meals out while on trips, etc, but that is not factored into our living requirements day to day.

Medicare and supplemental insurance is a little more than we thought it would be, and now we will be in the situation of quarterly payments on Federal and state income taxes.

401-k and Iras will have us covered pretty well, unless there is another stock meltdown.

Once you are within 60 days of retiring, the time really flies by.

Seems if you are on an insurance plan and over 65, you have to jump through a few more hoops to get Medicare part B.

caught me by surprise. Some paperwork to prove you are on insurance, and will terminate the insurance upon retirement.

If you are just turning 65, no problem. You just get it, when on insurance with your employer.

[Bonny]

Sept 8, 2014 20:19:21 GMT -5 Value Buy said:

Update!

twenty five days and counting.

Revised monetary requirements beyond social security is now $1,860 a month.

Seems we have lived a somewhat frugal lifestyle other than supporting children and grandchildren with extras.

That will stop (wife says "slow down) but we really do not spend money wildly, so not a lot of cutbacks to accomplish.

We actually see some spending increasing, such as gasoline purchases, hotel/motel rooms and meals out while on trips, etc, but that is not factored into our living requirements day to day.

Medicare and supplemental insurance is a little more than we thought it would be, and now we will be in the situation of quarterly payments on Federal and state income taxes.

401-k and Iras will have us covered pretty well, unless there is another stock meltdown.

Once you are within 60 days of retiring, the time really flies by.

Seems if you are on an insurance plan and over 65, you have to jump through a few more hoops to get Medicare part B.

caught me by surprise. Some paperwork to prove you are on insurance, and will terminate the insurance upon retirement.

If you are just turning 65, no problem. You just get it, when on insurance with your employer.

Make sure you save your medical receipts if you don't already. You'll find they add up fast and you may be eligible to deduct those medical receipts which exceed 7% of your income (including medical premiums).

[Nazgul Girl]

   Congratulations and best of luck.   I'm still kind of finding my way around the retirement world, after retiring 10 weeks ago.   But, it's worth it.  

[Nazgul Girl]

Sept 8, 2014 20:19:21 GMT -5 Value Buy said:

Update!

twenty five days and counting.

Revised monetary requirements beyond social security is now $1,860 a month.

Seems we have lived a somewhat frugal lifestyle other than supporting children and grandchildren with extras.

That will stop (wife says "slow down) but we really do not spend money wildly, so not a lot of cutbacks to accomplish.

We actually see some spending increasing, such as gasoline purchases, hotel/motel rooms and meals out while on trips, etc, but that is not factored into our living requirements day to day.

Medicare and supplemental insurance is a little more than we thought it would be, and now we will be in the situation of quarterly payments on Federal and state income taxes.

401-k and Iras will have us covered pretty well, unless there is another stock meltdown.

Once you are within 60 days of retiring, the time really flies by.

Seems if you are on an insurance plan and over 65, you have to jump through a few more hoops to get Medicare part B.

caught me by surprise. Some paperwork to prove you are on insurance, and will terminate the insurance upon retirement.

If you are just turning 65, no problem. You just get it, when on insurance with your employer.

   Once you're on the 60-days till retirement track, you care a lot less about what goes on in the office re: politics, too.

[Value Buy]

Sept 8, 2014 20:35:09 GMT -5 Nazgul Girl said:

Sept 8, 2014 20:19:21 GMT -5 Value Buy said:

Update!

twenty five days and counting.

Revised monetary requirements beyond social security is now $1,860 a month.

Seems we have lived a somewhat frugal lifestyle other than supporting children and grandchildren with extras.

That will stop (wife says "slow down) but we really do not spend money wildly, so not a lot of cutbacks to accomplish.

We actually see some spending increasing, such as gasoline purchases, hotel/motel rooms and meals out while on trips, etc, but that is not factored into our living requirements day to day.

Medicare and supplemental insurance is a little more than we thought it would be, and now we will be in the situation of quarterly payments on Federal and state income taxes.

401-k and Iras will have us covered pretty well, unless there is another stock meltdown.

Once you are within 60 days of retiring, the time really flies by.

Seems if you are on an insurance plan and over 65, you have to jump through a few more hoops to get Medicare part B.

caught me by surprise. Some paperwork to prove you are on insurance, and will terminate the insurance upon retirement.

If you are just turning 65, no problem. You just get it, when on insurance with your employer.

   Once you're on the 60-days till retirement track, you care a lot less about what goes on in the office re: politics, too.

So true.

I find I am not interested in the bickering, etc. Just sit back and smile.

I have actually left work on time several days in the last two weeks.

I am giving my all, just not taking it personal anymore.

[Nazgul Girl]

Sept 8, 2014 22:27:14 GMT -5 Value Buy said:

Sept 8, 2014 20:35:09 GMT -5 Nazgul Girl said:

   Once you're on the 60-days till retirement track, you care a lot less about what goes on in the office re: politics, too.

So true.

I find I am not interested in the bickering, etc. Just sit back and smile.

I have actually left work on time several days in the last two weeks.

I am giving my all, just not taking it personal anymore.

   That's what I did, too.   When people tried to draw me into the drama, I'd just smile and tell them that my outlook had changed a lot since I was retiring in less than 60 days.   They just sort of gave up.   I worked hard and completed a lot of things, but I never felt tired, even after a busy day.  

[Value Buy]

Sept 8, 2014 22:43:20 GMT -5 Nazgul Girl said:

Sept 8, 2014 22:27:14 GMT -5 Value Buy said:

So true.

I find I am not interested in the bickering, etc. Just sit back and smile.

I have actually left work on time several days in the last two weeks.

I am giving my all, just not taking it personal anymore.

   That's what I did, too.   When people tried to draw me into the drama, I'd just smile and tell them that my outlook had changed a lot since I was retiring in less than 60 days.   They just sort of gave up.   I worked hard and completed a lot of things, but I never felt tired, even after a busy day.  

Believe it or not today I received an e-mail asking if I could help putting together the Associate appreciation program for October 14th, and be part of the Master of ceremony. We have multiple speakers, etc. You know some rah rah stuff, etc. This came from hr!

I e-mailed back, "as you know I will be retired before that date, so I would not be too much help, but might be able to make an appearance". 

Still waiting for a response......

[Nazgul Girl]

   Too funny !!   

[Value Buy]

Well it is the day!

It has been quite a ride. Have worked since high school.

I worked for one company for 45 years, the business was sold to new owners, and stayed on another 21 months.

I go in in the AM, do my thing for maybe six hours, send some maltzy e-mails and go out for a good steak dinner with my wife.

Surprisingly, I am ready for retirement, but it has not hit me yet.

Very strange melancholy feeling going on, mixed emotions 

I think I am starting to realize I am not invincible and my shelf life is limited

[NastyWoman]

Have fun VB, you earned it

[Bonny]

Oct 3, 2014 0:50:14 GMT -5 Value Buy said:

Well it is the day!

It has been quite a ride. Have worked since high school.

I worked for one company for 45 years, the business was sold to new owners, and stayed on another 21 months.

I go in in the AM, do my thing for maybe six hours, send some maltzy e-mails and go out for a good steak dinner with my wife.

Surprisingly, I am ready for retirement, but it has not hit me yet.

Very strange melancholy feeling going on, mixed emotions 

I think I am starting to realize I am not invincible and my shelf life is limited

Congratulations!

Be sure to take up something new or something that you've always wanted to do to give you purpose. I will say that is the hardest thing to transition from "working" life.

Be nice to your wife. Do not tell her how to run the house or do things that she's been doing for 30+ years.

Make sure you have some social outlets besides your wife. While we love our husbands we need "our" time too and do not nee a body guard 24/7.

Enjoy your new found time!

[t-dog]

Congrats

[plugginaway22]

So Jealous!!  How was your LAST day ever??

[Deleted]

Good luck with your transition! 

[NoNamePerson]

If you enjoy retirement half as much as I do you will have a super kickass good time    

[Deleted]

Congratulations!  I still remember November 1, 2001, our first day of retirement.  It is definitely a blend of emotions, anticipation and fear.  Remember that retirement is just like any other stage of life - a journey, not a destination.  There will be smooth stretches in the road and bumpy ones.  

[Nazgul Girl]

Oct 3, 2014 0:50:14 GMT -5 Value Buy said:

Well it is the day!

It has been quite a ride. Have worked since high school.

I worked for one company for 45 years, the business was sold to new owners, and stayed on another 21 months.

I go in in the AM, do my thing for maybe six hours, send some maltzy e-mails and go out for a good steak dinner with my wife.

Surprisingly, I am ready for retirement, but it has not hit me yet.

Very strange melancholy feeling going on, mixed emotions 

I think I am starting to realize I am not invincible and my shelf life is limited

  Hi VB, congrats on your last day.   The first 3 -4 weeks of my retirement were kind of rough, since I felt the tugs to go and help my team at work, and kind of bored while being at home.   However, a little trip, some nice daily walks, purchase of Kindle Prime at $ 9 or so per month so that I would have more books that I could read for almost nothing on my Kindle Fire ( I like to read ), and the beginning of the final planning of our trip to Florida over the winter have really changed my viewpoint around.   I spend more time with my daughter, and my husband and I share ever more moments and thoughts.   

  I don't think that I could go back to work now if they doubled my salary.   Freedom is great.   I've been retired for 98 days now.   Best wishes.  

[Value Buy]

Well, it was a really long weekend after the last day.

Lasted well into Monday..........not that I have to worry what day it is any longer, other than Sundays.....

Biggest adjustment for me will actually be the wife. She is retiring tomorrow, and we will be spending all our waking hours together.

She has been building the honey do list for a month. I told her weeks ago that retirement will be an adjustment for both of us, and we have to ease into it. SLOWLY.

She is not buying it.

Last day pretty much went as I thought it would. Four hours of work cleaning up all last minute minutae (REALLY NOT IMPORTANT BUT FELT AS NECESSARY) then last minute e-mails to certain friends/associates doing the good byes, etc.

Walking out the door/building for the last time was kind of strange, but easy to do, and never looked back.

Glad all the personal effects were removed days earlier. I always abhorred the thought of carrying a box of stuff out the last day.

MY GOALS THIS WEEK:

start building a regular sleep pattern-no more checking e-mails at 1am because I woke up and wondered if anything happened at work. Gee, that means not checking Proboards at 2 am either....

Work on the yard for the coming fall and winter season.

Closing up the camper for the season. Nights have already hit the high 30's a couple of times, so not much fun freezing while there.

Thursday night football, then Sunday football

Wife's list?

Wait til next week-will have to see how that works out.

She goes in for her last day today, so I think I am safe on the work list for this week. Just have to massage her personal thoughts/well being on her retirement this week as she did me last week. Flowers should arrive at her workplace at 10 am this morning

Her retirement banner in front yard at 3pm, in case she leaves early today, but another person at her workplace will warn me if she leaves early

 just in case.

 

[Bonny]

She goes in for her last day today, so I think I am safe on the work list for this week. Just have to massage her personal thoughts/well being on her retirement this week as she did me last week. Flowers should arrive at her workplace at 10 am this morning

Her retirement banner in front yard at 3pm, in case she leaves early today, but another person at her workplace will warn me if she leaves early

just in case.

Awwwww; you're such a sweetie!

[Value Buy]

We are having our first "disagreement" in retirement.

She wants to pay off the mortgage (57,800) so we can but a place in Florida with a mortgage......Due to small interest amount and taxes we have not been able to take anything but standard deductions, so maybe we should just sell some equities and pay it off.

She may be correct, because we never refied this house and would get an excellent rate right now. Paying 5.375%

My problem is she only wants to spend 3 to 4 winter months there, the rest up here, and I cannot accept spending that much money on a part time residence.

If we paid off the house and bought in Florida, I figure I would have to liquidate another $100,000 and finance the rest at a much lower rate, but I expect our monthly needs might jump another $700 a month to pay utilities, taxes maintenance, etc. More than that if in a gated community.

Neither of us are interested in a modular development there. We prefer a house.

We already have a park model trailer in a campground for summers here, so that makes three places. She refuses to sell that, about $30,000 in equity.

I am welling to sell the house of our permanent residence, and do an apartment rental here plus the campground, but she wants all three. I cannot see me surviving a campground lifestyle for four months. too confining, no storage, etc.

I nailed the amount we needed to pull from funds at $1,800 a month to maintain our lifestyle so far.

My biggest concern is selling equities right now. I expect another good year of returns.

I really do not want to say what we have saved here, but we could do it, and still be okay.

It's whether we want to leave the kids more equity savings than our parents did for us.

If I stayed working, we would not be having this discussion!

Decisions

Decisions

Decisions

[Deleted]

3 is a lot in my opinion. 

You could rent out your two 'vacation' properties when you are not using them. There are obviously pros and cons to this. 

You can take loans now and sell equities when it is more enviable to you to do so...

[Bonny]

You are spot on with not wanting 3 places.

People think it's glamorous to have two homes. It's a PITA. One of the challenges you will have with a place that has a definite "season" like FL is that you will want to use it the same time it's peak season for renting. Then you need to arrange to have it checked on during the off-season because STUFF happens when you're not there.

Do you currently visit FL on a regular basis? Have you rented for a long period (say two months at a time?). If you haven't try it for at least two seasons and see if you still really like it.

[Deleted]

Does she send you back to work so you can afford house in FL? At beginning of thread you say you think buy in FL is cheaper than rent. What was agreement about FL with wife before you retired? Do you change mind now that money is fixed? I agree that really only want one house to take care of for retirement.

Does wife have active roll in finances and know what you have and how long it is to last?