{"id":1998,"date":"2015-08-29T00:01:27","date_gmt":"2015-08-29T04:01:27","guid":{"rendered":"http:\/\/dansdigitaldive.com\/web\/?p=1998"},"modified":"2015-09-15T20:44:35","modified_gmt":"2015-09-16T00:44:35","slug":"boy-how-time-flies-when-youre-having-fun","status":"publish","type":"post","link":"https:\/\/dansdigitaldive.com\/web\/archives\/1998","title":{"rendered":"Boy how time flies when you’re having fun!!"},"content":{"rendered":"
\"http:\/\/beatthe9to5.com\/3-steps-retirement-planning\/\"
foo-foo drink & a beach chair……ahh<\/figcaption><\/figure>\n

Boy the years pass quickly when you’re not paying attention!\u00a0 We (the Bosslady and I) can actually see an end to the proverbial employment tunnel.\u00a0 We were discussing various retirement related items the other day:<\/p>\n

– When are we going to retire?
\n– What are we going to do in retirement.
\n– How much do we need?
\n– Should we downsize the house?\u00a0 If so; what do we do with the current hacienda?\u00a0 Do we sell it or rent it?
\n– Death.<\/p>\n

Needless to say, it was a lively discussion; but necessary discussion.\u00a0 We had to put many points put off for future discussion.\u00a0 Like many couples, we cannot fully agree.\u00a0 The sooner she sees the error of her thinking, the better (although I’m sure that’s what she is telling her friends about me too!) things will turn out.<\/p>\n

The first question: When are we going to retire – well, that’s a complicated question.\u00a0 Her occupation has been hard on her; so she’ll be retiring from her current employer at the first opportunity – maybe picking up a part time job until she can draw Social Security.\u00a0 I on the other hand I am lucky enough to have work where I can make my own schedule, work from pretty much any location I desire.\u00a0 Given the flexibility afforded to me; my plan is to work until age 70, from hence I’ll get the full social security payout.\u00a0 But that may change :).<\/p>\n

The second question stirred up quite a debate.\u00a0 I want to travel the country\/world in timeshares.\u00a0 Put everything in storage and move from one timeshare to another<\/a>.\u00a0 I know a couple of couples that do this already, driving from place to place, with all they carry; in a Prius.\u00a0 That might be a bit cramped for us, but proves the concept.\u00a0 She on the other hand would like to have a place she can call home, near some family and friends that don’t rotate a lot (very difficult if we live in a timeshare).<\/p>\n

For the third question.\u00a0 It comes down basically to; “what’s the magical number needed in retirement?”\u00a0 I’ve heard all different kind of things, and values.\u00a0 I think it is largely dependent upon one’s lifestyle, amount of debt, wants and needs.\u00a0 We have been working very hard on knocking out the debt portion. What makes this such a challenging topic is; there is no single answer that fits every situation.\u00a0 I ran across a website recently, and this website is actually the catalyst for today’s discussion: Real Deal Retirement<\/a>. He states in his mission statement, among other things, that “RealDealRetirement will focus on helping you get the Big Things right\u2014namely, saving consistently, investing sensibly, judiciously managing your nest egg in retirement, occasionally monitoring your progress and making reasonable adjustments as you go along.”\u00a0 There are some other websites that I’d like to share with you to aid in establishing, but more importantly keeping; your financial nest egg.\u00a0 My strategy: creating residual income streams for the duration of our retirement.<\/p>\n

Financial advisers: They are like those little fish (pilot fish) that attach themselves to sharks (lawyers).\u00a0 Hate them both.\u00a0 One thing I have come to realize, very slowly to my own demise; those little bastards (both of them) are really useful.\u00a0 Although I wouldn’t trust either one any further than I can throw them, they do have their uses.\u00a0 There are a couple of web articles, from trusted sources that are useful in aiding one looking for a financial adviser. Forbes publishes 10 Questions to ask when choosing a financial adviser<\/a> (sure wish I would have read that one years ago!) and the Wall Street Journal’s article titled How to choose a financial planner<\/a>.\u00a0 One last webpage regarding investing is called Investor Watchdog.\u00a0 This site is all about keeping others honest.\u00a0 They have a good article on the 5 biggest mistakes people make when selecting financial advisers<\/a>.<\/p>\n

Knowing what I have said about financial advisers and lawyers, there are two financial planners that we like – a lot.\u00a0 I encourage anyone in the Hampton Roads area to visit with Mr. Tim Fitzwilliams from Fitzwilliams Financial<\/a>. I like him a lot, I have been dealing with him for a while now; and believe he is a straight shooter.\u00a0 On the other hand, my wife likes this young man <\/a>representing another full service firm, he was referred to her from one of her relatives.\u00a0 Sometimes a relatives word means more than a husbands.\u00a0 Both men are sharp; and both I consider friends.\u00a0 More importantly; both are professional and seem to know their stuff quite well.<\/p>\n

There are some serious conversations to be had.<\/p>\n

Should we downsize the house – that is another question that raises emotion.\u00a0 Our children were raised in this house.\u00a0 I do not want necessarily to sell it; but I am very open to renting out either the whole thing or just a room or two.\u00a0 It is too much house for two people. If we take off on our timeshare journey, I think it would be a good time for a trial run on letting our daughter run the house. There is a good article on CNBC that asks this very question: Is it worth it<\/a>? I want to live on the road<\/a>.\u00a0 The only question, how can I keep the Boss lady happy while doing it?<\/p>\n

And finally, as all things – eventually we will stop sucking air and stop pushing CO2. We have already made most of our “final arrangements.”\u00a0 We are going to be planted in a local cemetery after we pass.\u00a0 I’ll be parted out, used for spare parts (the proverbial “hanger queen”), and if not needed; cremated and buried.\u00a0 She’ll be planted next to me, or I her; depending on the timeline of our demise.\u00a0 Either way, she wanted a place for the kids to come and visit, figure’d its the least we could do.<\/p>\n

I just hope my son in law picks up his beer bottles and doesn’t piss on my grave marker.<\/p>\n

That’s it for today, thanks for helping me think through this.\u00a0 Any comments, suggestions?<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Boy the years pass quickly when you’re not paying attention!\u00a0 We (the Bosslady and I) can actually see an end to the proverbial employment tunnel.\u00a0 We were discussing various retirement related items the other day: – When are we going … Continued<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"kt_blocks_editor_width":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[8,102],"tags":[69,91,12,105],"class_list":["post-1998","post","type-post","status-publish","format-standard","hentry","category-life","category-timeshare","tag-family","tag-responsibilities","tag-timeshare","tag-travel"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":1022,"url":"https:\/\/dansdigitaldive.com\/web\/archives\/1022","url_meta":{"origin":1998,"position":0},"title":"An experiment in Timesharing: 2013 Timeshare Journey – Trailer and other various equipment","author":"DR D","date":"May 31, 2013","format":false,"excerpt":"Good afternoon, today were discussing how the timesharing idea was progressing. Quickly we figured that I'd need more luggage space. As a result we had a discussion about trailers, and what type would be best for my little journey. The five front runners (trailers that currently have my interest) are\u2026","rel":"","context":"In "Timeshares"","block_context":{"text":"Timeshares","link":"https:\/\/dansdigitaldive.com\/web\/archives\/category\/travel\/timeshare"},"img":{"alt_text":"GearWagon-AT-Trailer-Front","src":"https:\/\/i0.wp.com\/dansdigitaldive.com\/web\/wp-content\/uploads\/2013\/05\/GearWagon-AT-Trailer-Front-150x150.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":891,"url":"https:\/\/dansdigitaldive.com\/web\/archives\/891","url_meta":{"origin":1998,"position":1},"title":"An experiment in Timesharing: 2013 Timeshare Journey – April","author":"DR D","date":"March 29, 2013","format":false,"excerpt":"As you all know; I like to travel, a lot!\u00a0 I was thinking about purchasing an RV when I retire (RV or Timeshare; that is the question), but after having a discussion with my father, thought better of that idea.\u00a0 He proposed the idea that since I like timesharing; why\u2026","rel":"","context":"In "Timeshares"","block_context":{"text":"Timeshares","link":"https:\/\/dansdigitaldive.com\/web\/archives\/category\/travel\/timeshare"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1058,"url":"https:\/\/dansdigitaldive.com\/web\/archives\/1058","url_meta":{"origin":1998,"position":2},"title":"An experiment in Timesharing: 2013 Timeshare Journey – Questions…","author":"DR D","date":"June 14, 2013","format":false,"excerpt":"Good afternoon.\u00a0 I recently received feedback from a couple who are actually living my dream - living full time in a timeshare, M&E. M&E, My co-workers and a few others have also hit me up with questions\/comments and I am curious what others think. I do not want to go\u2026","rel":"","context":"In "Timeshares"","block_context":{"text":"Timeshares","link":"https:\/\/dansdigitaldive.com\/web\/archives\/category\/travel\/timeshare"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1149,"url":"https:\/\/dansdigitaldive.com\/web\/archives\/1149","url_meta":{"origin":1998,"position":3},"title":"An experiment in Timesharing: 2013 Timeshare Journey \u2013 Final","author":"DR D","date":"November 2, 2013","format":false,"excerpt":"As you may have noticed, I haven't updated this in awhile. Well, this exercise in timeshare management has finished. I came in at $1000 below budget (not including the associated fees of a timeshare)! Proving that it is possible to stay full time in a timeshare for less than a\u2026","rel":"","context":"In "Timeshares"","block_context":{"text":"Timeshares","link":"https:\/\/dansdigitaldive.com\/web\/archives\/category\/travel\/timeshare"},"img":{"alt_text":"Dan's Timeshare Journey","src":"https:\/\/i0.wp.com\/dansdigitaldive.com\/web\/wp-content\/uploads\/2013\/11\/USA-DanTJ-251x300.png?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":913,"url":"https:\/\/dansdigitaldive.com\/web\/archives\/913","url_meta":{"origin":1998,"position":4},"title":"An experiment in Timesharing: 2013 Timeshare Journey – May","author":"DR D","date":"April 17, 2013","format":false,"excerpt":"We begin the month of May at Wyndham Patriots Place in Williamsburg, VA (simulated of course). Mid month we are scheduled to transfer to McGaheysville, VA, where we will spend two weeks.\u00a0 on 5\/24 we leave for TN; headed to Crossville, TN for a couple of weeks. The resort in\u2026","rel":"","context":"In "Timeshares"","block_context":{"text":"Timeshares","link":"https:\/\/dansdigitaldive.com\/web\/archives\/category\/travel\/timeshare"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1104,"url":"https:\/\/dansdigitaldive.com\/web\/archives\/1104","url_meta":{"origin":1998,"position":5},"title":"An experiment in Timesharing: 2013 Timeshare Journey – August","author":"DR D","date":"July 9, 2013","format":false,"excerpt":"One thing I like about the last calls, you can cancel them up to 30 days out.\u00a0 As seems to be the norm, we shifted our last week of Julys plan, instead of uprooting and heading to Willis, TX; we stayed in Horseshoe Bend, AR.\u00a0 We end up styaing (virtually\u2026","rel":"","context":"In "Timeshares"","block_context":{"text":"Timeshares","link":"https:\/\/dansdigitaldive.com\/web\/archives\/category\/travel\/timeshare"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/dansdigitaldive.com\/web\/wp-json\/wp\/v2\/posts\/1998","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dansdigitaldive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dansdigitaldive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dansdigitaldive.com\/web\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dansdigitaldive.com\/web\/wp-json\/wp\/v2\/comments?post=1998"}],"version-history":[{"count":14,"href":"https:\/\/dansdigitaldive.com\/web\/wp-json\/wp\/v2\/posts\/1998\/revisions"}],"predecessor-version":[{"id":2007,"href":"https:\/\/dansdigitaldive.com\/web\/wp-json\/wp\/v2\/posts\/1998\/revisions\/2007"}],"wp:attachment":[{"href":"https:\/\/dansdigitaldive.com\/web\/wp-json\/wp\/v2\/media?parent=1998"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dansdigitaldive.com\/web\/wp-json\/wp\/v2\/categories?post=1998"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dansdigitaldive.com\/web\/wp-json\/wp\/v2\/tags?post=1998"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}