Tag Archives: retirement

Retire? Me?

Posted on by

Suddenly I’m Retired

It is with mixed feelings that I am writing this post. I’ve wanted to retire for some time now but I wanted to retire on my terms. I’ve been putting every spare penny toward paying down debt and investing in my nest egg. That’s not to say I planned to stop exploring. I have often said I work so that I can take vacations. Well, surprise. The decision was made for me. I was laid off! Oh I’ll look for work but I have no desire to stay in my current career.

Retirement - Granville Central School District

What does Retirement feel like to me?

After my initial shock wore off, I had to take a hard look at my finances. After all I wasn’t quite ready to give up a  paycheck. I seem to be struggling to remember that I don’t have to cram everything into the weekend. Old habits die hard. I have to let the various Real Estate boards know that I’m no longer with Redfin.

Then I have to figure out my health insurance. At my age I have Medicare but I need to get some part C coverage with Dental and Vision. COBRA is way too expensive but I may be stuck with that until I have finished the tooth implants  (2) I’m in the middle of getting.

I wouldn’t be so concerned if the stock market hadn’t tanked. (Thank you Fed Reserve) My investments are mostly in Redfin Stock and it has taken a nose dive with rising interest rates. From a high of almost $100/share it’s down to $5.00/share.  At least it went up a couple of dollars after the layoff. 

 

What are my plans

 What am I going to do, you ask. Basically hang in there until my retirement account recovers. ( At least 2 +years) I am looking for work and may get up my courage to try freelance writing. There are a lot of those jobs listed and I can do them on my own time, any place. I will certainly need to take a different look at my trips and explorations. I’ll have more time and freedom but less money.

Yesterday I found myself thinking about a road trip through Minnesota, North Dakota and Montana. There’s a scenic drive in Minnesota along Lake Superior that I’m interested in. Then Theodore Roosevelt National Park  in North Dakota.  From there drive to Close Encounters Mountain, real name Devil’s Tower and then off to  “Going to the Sun Road.” (I’ll get into more in additional posts) but after consideration I decided it was too long to be away from my kitties. Pet care is expensive.

 

I can assure you that with more time on my hands you’ll be exploring retirement right along with me.  I’ll keep you posted as plans develop. 

Dreaming about Retirement

Posted on by

Dreaming about Retirement can Make it Real

So I’ve always been told that when you write down your dreams it gives them substance. It makes them real and possible. I’m a lot like the  Grasshopper in Aesop’s Fables.  I’ve worked hard but I played hard too. I haven’t planned ahead. I always figured there’d be more time. I’ve had a lot of fun but now when I think about retirement I don’t think I’m ready. So I’ve been dreaming and putting together a 5 year plan in my head. It’s time to put it in writing.  Make it real!

The 5 Year Plan

The first thing I need to do is develop a source of income. It doesn’t need to be a lot, just a bit to supplement  my social security so I don’t have to raid my savings account. And I do plan to keep on traveling. I’m thinking a e-commerce site maybe using my photos as a base. The downside is that everyone is a photographer these days with cell phones and all so I need a twist.  I’m looking into cards, puzzles as well as photos. I like the puzzles but to make them affordable I will need to make them, not farm them out and for that I need a work space. Which brings me to where I would live.

Location Location Location

I currently live in a condo. It’s convenient but small. If I want to have room to work I will need more space. Plus I have arthritis in my knees so getting up and down the stairs on laundry day is getting hard.  So in a couple of years I’ll update the condo, fresh paint, new rugs etc and put it on the market. Hopefully I will make enough from the sale to purchase another place. I don’t really care what state I’m in as long as it’s affordable. I’d like to stay in New England but property values may make that impossible. This little project will have to evolve as time goes on.  I see a cottage/cabin/ranch- one level. A small home with one bedroom and a work space. There needs to be a washer/dryer hookup and I’d like a fireplace.

Maybe a log cabin? Or a Manufactured home? 

Amenities

Simple needs. I would want high speed, reliable internet, cell phone service and some type of TV. Sounds simple but I might end up very rural to make it affordable and those perks may not be as easy to come by. 

So anyone who has been through this, I’d love to hear from you. I’d really like suggestions for a side income. I think that’s the #1 priority. What do you think?