Slow Travel: Week One

I hope everyone had a great Easter weekend and maybe even are out doing something fun with the kiddos this week! I am feeling much more motivated and organized than I did last week! A quick update before I jump in, just to let people know how everything is going; it is going well. I have started the grand depart for the Bikepacking USA and Canada Adventure and am currently spending some time with some friends in Oregon. But I don't want to just talk about all of my bicycling woes all the time (although I did used to do that a lot with running!) so I will probably put out a bike centric post every few weeks or once a month. 

Currently here

Also, I am rounding up questions for future posts, and I need your help. If you don't mind, can you please go here and ask a few? I will sing your praises in all future posts if you do!

Now onto the beef. My first week of retirement was spent at my parents' house. So basically, I am living with my parents again. Yup. In a van, down by the river. The fun thing is that my brother also showed up to help my Dad with a job and so it was actually the whole family there at the same time. We all lived under one roof for several days and did not even kill each other even though maybe we wanted to sometimes. 

So long sucka!

Seriously though, it was so "real life." You know how sometimes when you are with family or friends for a special occasion, or only one or two days, you feel the need to behave, aka hang out and entertain and do the things you may not want to do? Well this was just regular days, with each of us flitting in and out on our own timelines, while still spending time to eat breakfast and dinner together most days. It's those low pressure visits that are really more my style. I love being able to read my book even though other people are in the room and not feel rude, like I am using up precious time. My Mom would nap, and I would read, or go for a walk, or go and play with my bike, or pick my nose. It was great. 

Spring has sprung!

I also accomplished a few things. Thanks to all of you, I got out of my reading rut! I did not mention these books on my last post as I was not finished with them yet, but I can also add A Wizard's Guide to Defensive Baking (4.5 stars), Then She Was Gone (4 stars), The Cover Story (3.5 stars) and Die With Zero (3 stars) to my March reads and none of them sucked! In case you think 3 stars means I did not like it, that is not true; it means I thought it was good but not great, which is what I would say a 4 is. 

I also now have some great songs for my Pick Me Up playlist! Thanks to all of you for contributing! There were some great adds, such as System of a Down from my friend E, who likes bands with names like Dead Fetus, so this was actually a very tame suggestion from him (I also added some White Zombie, Deftones and Korn, which all remind me of a certain time in my life, although I do not listen them as often any more.) I know many of you (including my parents) are cringing right now, but never fear, I also added Maneater, both the Hall and Oates (thanks Nicole!) and the Nelly Furtado versions, and of course a little bit of Pitbull. It was so fun hearing all of the different suggestions and so many of them were so different. I have stopped in my tracks several times over the last few days to check my phone to see what the song was. 

Case in point, the song Rasputin by Boney M. was suggested to me by my brother. I was on a run and I wanted to run on my tiptoes when the song came on and so I stopped running to see who it was. Turns out, this band is from the 70s and when I just now went to YouTube to get the link, I saw the video, and they are so groovy! You cannot help but want to dance. Also, if you listen to the lyrics, it talks about how the Russian Rasputin was feared by all but apparently was a great womanizer! It made me giggle. 

He ruled the Russian land and never mind the Czar

But the kazachok he danced really wunderbar

In all affairs of state he was the man to please

But he was real great when he had a girl to squeeze

Other than collecting books and songs, I knocked a bunch of things off of my list. Due to working in the finance industry, we were required to keep any investment accounts with our company, so the first thing I did was open new accounts and have my accounts transferred over. I also rolled over my 401k, redid all the paperwork (transfer on death designations, beneficiaries, etc.) and had to reinvest some of the accounts due to items not transferring over. I had to change my address on a buttload of things, even though most of my stuff is paper, and this of course caused issues with opening the new accounts because not only am I now not working, but what IS my mailing address? It turned out to be easier to just put my old address on the application and then call them to tell them that I need to change my mailing address. However, I had already forwarded my mail by then so I really did not want anything going to my old address!

 I also opened a new credit card that I will use to pay the contractor who is working on the house so I can get some points out of the deal (yay!), even though the points value will be a slight fraction of what I will be spending (boo!). I also sold my car, which was fairly easy, except the dudes showed up about three and a half hours later than the 6:00 pm appointment, which as you know, is way past my bedtime. Luckily the family stayed up with me and played Quirkle with me to try to keep me awake. I even finished my taxes and did lots of fiddling with Bob (wow, that sounds kind of kinky, but it's just #bobthebluebike)! 🚲

Bob is raring to go.

The one thing I left for last was health insurance! I know waiting until the last minute is not a luxury that everyone can afford, but I am still dragging my feet. Most companies will honor your health insurance until the end of the month that you resigned. In our case, we actually get 20 days, which works out better as long as you quit after the 10th, which I did. So I basically have until April 4th to decide. My conundrum is this. Most USA insurance will not cover other countries, so you would need to get travel insurance for the period you would be out of the country. Most international (or nomad) insurance only covers the USA in case of extreme emergency or for a very short period, like 30 days. There are other options, but I am still looking into them. The bottom line is that any of these options are cheaper than Cobra, but the coverage is hit and miss. For example, for Cigna Global, they will only cover inpatient hospital visits, unless you tack on an extra $150 per month for outpatient. Anyway, I will probably leave it right until the last minute. Anybody have any input here? 

I am also still working on getting the house ready for sale, and could probably write an entire post about that, so I will save it for later! 

Have you ever played Quirkle? Anybody have any good postal service/mail snafu/moving stories? If you are married, and you changed your name, in how many different places did you have to update things? (I feel this would be way harder than just updating an address, but YOU TELL ME!) 

The Latte Factor

“Save now. Fewer trips to the café now can lead to more vacations later,” says Fidelity.

“Figure out your ‘latte factor’, be it your frequent lunches out, your fetish for new shoes, or your everyday coffee, and minimize it or cut it out entirely,” says the man on CNBC.

This seems to be a common theme with the retirement gurus. Skip the coffee, save a few extra dollars for later. It makes sense, right? 5 dollars a day for coffee can lead to an extra 1500 dollars plus in your savings account. To me it does make sense, and to one friend whose dad’s motto is “save today, spend tomorrow” but not everyone agrees with us.

I spoke with one friend who when I suggested she start saving money now, said, “Why worry about later all the time when you should be thinking about having fun right now?” At first I thought, “Wow, she is so naive! She is going to be screwed later!” Then I spoke to my dad, who was the one that first taught me how to save. He said, “Sure, cut out your latte now and then, but don’t deprive yourself of all fun now by always worrying about later.”

Dad saves the day again. Leave it to him to depart some words to the wise regarding finances. Save now, sure, but have fun in the meantime. What is the point of saving all your life if you are not going to get to enjoy it? I am not saying that I am going to die tomorrow, but…what if I did? Would I be happy with my life so far? Would I wish that I had blown a little more money on shoes instead of scrimping and saving for my non-existent retirement?

No way! I am going to do it all! I am going to have fun now. AND save for later. It will be mine. Oh yes, it will be mine.

My Very Own Pot of Gold

Last night I couldn’t sleep and I was watching a show on CNBC on how to “Retire Rich”. There were some good tips and it got me thinking a little about whether or not I am following the correct path. Will I be able to retire rich?

According to the show, 70 percent of Americans live paycheck to paycheck. Seventy percent! That is a lot! And of the remaining 30 percent who are not living that way, are they investing and saving wisely?

So today I went to Google to find out more about the subject. According to The Motley Fool, it is simple to retire rich. You can do it in five easy steps and here they are:
1. Start now.
2. Save more.3. Take full advantage of employer contributions.4. Allocate your assets to make bank in the stock market.5. Don't rely on someone else to do it for you.

Ha! So it is easy! Then why aren’t we doing it? I think it is because many people are not being educated about this early on in our lives.

Not only did my father teach me to work hard and to put my money in the bank while I was in high school, but I also got much of the above advice when I was 18. I had just started a new job where they had pretty good benefits. At that time, they would match 50 cents to my dollar, up to 6 percent. A good family friend told me to invest 10 % of my paycheck (at this time, I was making about 5 dollars an hour). I wouldn’t miss the money in the long run, it was being taken out pre-tax and my company would match 6 percent of it. What did I have to lose? He also suggested putting part of it in high risk and part of it in low risk (at the time I had no idea what that meant). Luckily, I listened to him. Thanks Mike! Ten years later, I am still investing 10 % of my paycheck and I have built up a fairly good portfolio.

There is still a lot that I have to learn. I am still hesitant to put too much money in the stock market, I sometimes pick mutual funds with the “eeny-meeny-miny-moe” method, I haven’t rolled over my 401K, I am scared to buy property and I am quite conservative, even for my age. However, I think that, little by little, I am starting to learn what it takes to…retire rich.

Do you have what it takes?