Tuesday, June 14, 2011

Dreaming of Retirement

 Our discussion the other day was about whether or not it is possible for us to retire in about 2 years.  If the housing market could improve and we could sell our home...we might be able to do it.  We would have to live with a lot less money.  Only the absolute necessities could be bought.  But on the plus side we have so many books already to read and can always go to the library and book fares.  And reading all day is what I have in mind for retirement.  Also going around taking photos of  simple things you can find just about anywhere.  It is amazing how much time I can fritter away just doing these 2 things.  The photo below is one of three leaves that I found in our back yard that spiders and another very tiny bug were eating away at.  What was left was a very beautiful lacy looking delicate leaf.  I brought them in and scanned them in the printer and them took it over to picnik and did some techniques...that I can't even remember right now.  I just had fun sitting there and experimenting what I could do with it.  I imagine that neither one of us would ever have a boring day in retirement...it is just a matter of what we could survive on as far as money goes.

10 comments:

The Bug said...

I'm pretty sure we'll never be able to retire - too much debt & Dr. M getting into the job market kind of late (because of all the school). But I love your vision of what it would look like!

Rudee said...

That's exactly why I'm going to go buy a retirement ticket tonight at the local lottery store. I'll send you an early retirement gift if I win.

Sandy said...

That leaf is beautiful!!

About retirement - we have cut back so much - I was amazed at what our monthly expenses are out here when I really saw Mike break it down. Up until we retired we had money to play a lot... Now we do less things that cost money and more things we enjoy.

If we eat out - we go out at happy hour and eat appetizers half off the normal price. Neither of us care for large dinners any more.

If we do get a big dinner - He doesn't like to eat much at night so he eats the salad and I have the dinner but then I bring half home because I'm just too full.

We walk, hike, take photographs, watch grandkids, similar to you.

I hope you can retire. We needed to sell this house to have somewhat of a decent retirement, above taking early social security. He kept sending resumes out for five years when he was laid off and during that time the economy collapsed and no one was hiring much out here in california.

I consider us very blessed that we got an offer on the house finally - there have been very few that have sold in this price range, with more people paying lower prices down the hill.

I could kiss the ground I'm so grateful...

and even selling this house means living on a tight budget so we don't go through it - no money coming in yet money going out is not a good plan.

Brenda said...

Dana,
I wish the government would forgive or adjust some of the unbelievably high school loans. Our kids are in the same boat and it is just not a good way to start off.

Rudee,
I hope you win!

Sandy,
I am so glad I met you! I need some tips and the ones you gave here are some that I will use. We spend way too much on food and that is the one that will have to be drastically reduced. I am so excited for you that you sold your house! We need to sell ours also to have some extra to live on. But I am so looking forward to a different phase in our lives!!

Sandy said...

Hi Brenda - we still have a few hurdles - which means - termite inspection done the other day - we will take care of repairs etc., it is an old house 40 plus years.

today appraiser came - he seemed to like the McMansions people build any more, those beautiful new homes with so much in them that popped up all over out here. He indicated our house is pretty old...I'm not real confident on what he will appraise it for...

then tomorrow at noon - their inspector comes out - the buyer's...we feel we have worked on EVERYTHING we can think of that would be an issue in selling but it is still a scary venture.

what happened and why it took so long is our realtor priced us way too high - we weren't all that confident with what she first listed it at but she stroked our ego enough to make us think it was worth the price. We had to keep lowering it to get what we finally did - and now to get an appraisal coming in that might not even be up to par..ugh...

I think within a week we will know if the whole thing will go through okay ...but we did get an offer and accepted so basically we can say with reticence "it's sold". there is so much to do and know before you list. Laws have changed unbelievably so in the last five to ten years - ...

I will be glad to answer any questions you have and if they are more personal that i might not want to put on a website i'll just email you. it helps to have someone who is going through it before you do.

Sandy said...

plus about money - I realized all the crap I bought nickle and diming us through the years - never thinking about the cost of anything and I've sent so much away to thrift stores...and the books and the tapes and the....cd's and the ....oils and fragrant candles and the .....
and the.. it just goes on.

I buy nothing now except the occasional face cream. I don't buy trinkets I don't need. I don't need 20 fragrant candles in jars - just one.

and it's only because of the grandkids that we even spend very much at the store.

I gladly accept the tight budget over working jobs where we never had time to do anything and were too exhausted to care about stuff.

Brenda said...

Sandy,
Looking forward to hearing all about the house sale. I haven't heard where you plan on moving to though. The world is going to be very interesting in the next 10 to 20 years for us. I can't wait for both of us to retire!!! I plan on practicing living like we have little or no money for the next 2 years and see what it is like.

Sandy said...

we're going to rent somewhere local but smaller for a year to help a little while longer with childcare for our grandkids - and then we're not sure but wherever it is, we won't buy a house again and go through what it takes to sell - ...world is different and who knows what weather happenings can change plans.

things are still up in the air although i would imagine within a month we will know where we will be. i have a list of rentals from property management office to go look at soon , that look promising but still the rents out here are pretty high - i don't know what they are like where you are but i think they are high in so cal.

Carol said...

If you sell your houses, where will you live? Move and buy a cheaper house, paying cash? Just wondering.

We started working on being retired a year before it actually happened. We cut all of our expenses by 50%, paid off the house, filed for SS and the husband left a 60+ hr job that was killing him and was hired at a local elem school, part time, summers, holidays off, etc. GREAT benefits but now with all the cutbacks, his job was cut. Always something but it's worth the sacrifice to have a life now!

Brenda said...

Carol,
I haven't worked out all the plans yet. But we have 2 years to figure it all out. The house we live in is just too much for our age. All work and no fun is not a great way to retire. We are just now beginning to try and figure it all out though so who knows.....

Clifford 1994 to 2009

Clifford   1994 to 2009
The Best Dog Ever