My post titled How to Live in Airbnbs for the Price of an Apartment Lease generated a lot of conversation about alternative housing arrangements. There were several comments from people who had actually taken steps to go from a more traditional house set-up to something different. I reached out to them and three people agreed to tell us their housing-related … [Read more...]
What Comes after ESI? The ISE Phase of FIRE
We discuss a lot in the Millionaire Money Mentors forums. Sometimes we are fun, sometimes we are practical, and sometimes we get into theory and philosophy. This post mostly covers the last two areas. It came about in a discussion of extravagant purchase members had made or were contemplating. This topic was a spinoff from an initial conversation about moving from … [Read more...]
How to Live in Airbnbs for the Price of an Apartment Lease
One key retirement question revolves around housing. Where will you live? Will you stay where you are or move? If moving, within the same city or elsewhere? And what type of house? We have been considering these questions as it seems absurd to have two of us and a cat live in a 3,600 square foot house. As of now, our two kids, my son-in-law, and my daughter's four cats … [Read more...]
How to Reinvent Yourself in Retirement, Part 3
Welcome to part 3 of my thoughts on Retirement Reinvention. In case you missed the first two parts, here's part 1 and here's part 2. I'll be sharing some thoughts from the book and commenting on them along the way. Here we go... The Worst Retirement Financial Moves The book asked retirees what was their worst money move before retirement. Here are the … [Read more...]
How to Reinvent Yourself in Retirement, Part 1
I recently finished Retirement Reinvention. It's a very good retirement book IMO. I bought it thinking the book was more about creating a post-retirement career (and it does cover that subject) but it's much more. It's a well-rounded view of what anyone should be considering and taking action on to prepare for a great retirement. Or, as the book suggests, reinventing … [Read more...]
20 Retirement Decisions You Need to Make Right Now
One of the retirement books I've read recently is 20 Retirement Decisions You Need to Make Right Now. Overall, I found it to be an "ok" book. It was pretty basic overall and most of its information can be found in other books (so not much new). That's an opinion from a more advanced retirement planner. For a novice, I think the book would be quite useful since it covers a … [Read more...]
Retirement Interview 27
Here’s our latest interview with a retiree as we seek to learn from those who have actually taken the retirement plunge. If you’d like to be considered for an interview, drop me a note and we can chat about specifics. This interview was conducted in August. My questions are in bold italics and his responses follow in black. Let's get started... GENERAL … [Read more...]
Retirement Update: 4.25 Years
Well, it's time for another retirement update where I share what it's like in the retired world of ESI. If you didn't catch the last one, here it is. You may want to read it as some of the items mentioned in this post will assume you know what's in the former piece. The past three months have continued to be full of excitement, so let's get to the details! FYI, I'm … [Read more...]
The Best Retirement Books to Retire Sooner and Better
A while ago I started a journey. I had been retired a couple years or so by then and somehow I got on the "kick" of reading retirement books. By that time I was an "old expert" at the retirement thing and I wanted to see who knew their stuff and who was simply blowing smoke. (And believe me, there are plenty of people out there who are writing about retirement who don't … [Read more...]
A Case for Claiming Social Security Early
Over a year ago I wrote a post titled Why Taking Social Security Early Might Be the Best Option. It was me wondering if taking Social Security (SS) early was a good move -- despite the conventional wisdom that the longer you can delay, the better. Then I did Retirement Interview 26 where the interviewee said this: Regarding Social Security, here is what we did. Many … [Read more...]
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