Early Retired: The First Month
Posted: Wed Nov 25, 2015 5:11 pm
I'm hoping others will contribute their first month experience of retirement to this thread.
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It's a week early to write about my first month as a 53-yr-old retiree, yet the spirit moves me. This upcoming week is filled with social obligations anyway (Thanksgiving and a gathering of friends), so there isn't much worth writing about in the upcoming week.
Administrivia
Former employer is downgrading the position I occupied and will hire a replacement. Had one email from a person who was assigned one of my special duties (internal billing) because something didn't go as expected, but I haven't been called in to fix it, so it must not have been serious. And so that's the last of my tie to that place and I'm not missing the office at all!
Hired movers to get the furniture to the retirement residence. Not everything will fit here even though we pared down the obvious. Biggest mental stumbling block is we have 2 pairs of chairs and room for only 1 pair at most. Obvious solution is to pick a pair, but the pairs each have features that are complementary. OK, so why not keep one of each? Dunno, might be missing out on something, LOL.
Signed up for Obamacare, silver plan, to begin in January. Nothing earth-shattering, just have fill the same extra paperwork that Spoonman did, where you explain how your income will function in the upcoming year.
Killed off phone & internet at old residence. Still have garbage service there because, well, "cleanup" and we've not started service at this residence. Had already activated phone & internet here. Slowly updating address with various businesses. Had already put drivers license to this address.
Finances
6-12 months of expenses in bank accounts, 1 month expense in cash. Will make deposit to IRAs this year for use as income to get Obamacare subsidy via Roth IRA conversion in a future year. 20 years of expenses in investment accounts plus pension will begin in 5 years... believe pension alone can cover expenses, but there's uncertainty due to political winds.
Activities
Fishing has been lukewarm. Coho salmon are distinctly missing, especially compared to last year's abundance. I caught a 12 lb chinook salmon near the end of October (I think), which was dinner for 8, so we still have half of it left in the freezer. Foul-hooked a 20+ lb chinook last week and had to break it off because it just kept going downriver with line screaming off my reel and I couldn't stop him; foul-hooked (not hooked in the mouth, snagged) means I would have turned it loose anyway. I hooked a 15-20 lb chinook yesterday and we battled for several minutes; I was gradually winning until he threw the hook. My arm is still a little tired from that! I also caught & released a 7-8 lb steelhead yesterday because it was wild and a searun cutthroat trout because it was out of season.
Online racing (primarily rFactor 2) has been many enjoyable hours of offline-only. Tested 4G LTE at the old residence and it was solid for online, so still trying to get it set up here so I can get back to some online experience. Here the problem is a small ridge between our house and the cell tower; we get good download speeds, but the upload is crap. Signal improves if I place an antenna 100-200 ft away from the house, but then I need an inline amplifier to compensate for the cabling run.
Gardening is naturally slow due to the fall season. I've prepped an area for the greenhouse and will hopefully erect it in December or January. Grass sprouts are popping up, so will till them under this weekend while it is cold & dry.
Woodcutting for the 2016-17 winter is in progress. We've had 4 windfalls this fall and that should meet 60-70% of our heating needs. Windfalls might be too mild of a term as the alders actually snapped in half. Our woodshed started the season with 3 cords split, stacked, & seasoned. Am monitoring to see how much we use.
A fair amount of back & forth traveling between the two residences while we get everything moved and arranged. DW's family has had some recent events requiring our presence, too, but we haven't had to go too far out of our way.
Health
We took care of many medical appointments before the retirement date. Since retiring, I've lost the 6 lbs that had snuck on during the past year without even trying to lose them.
***************************************
It's a week early to write about my first month as a 53-yr-old retiree, yet the spirit moves me. This upcoming week is filled with social obligations anyway (Thanksgiving and a gathering of friends), so there isn't much worth writing about in the upcoming week.
Administrivia
Former employer is downgrading the position I occupied and will hire a replacement. Had one email from a person who was assigned one of my special duties (internal billing) because something didn't go as expected, but I haven't been called in to fix it, so it must not have been serious. And so that's the last of my tie to that place and I'm not missing the office at all!
Hired movers to get the furniture to the retirement residence. Not everything will fit here even though we pared down the obvious. Biggest mental stumbling block is we have 2 pairs of chairs and room for only 1 pair at most. Obvious solution is to pick a pair, but the pairs each have features that are complementary. OK, so why not keep one of each? Dunno, might be missing out on something, LOL.
Signed up for Obamacare, silver plan, to begin in January. Nothing earth-shattering, just have fill the same extra paperwork that Spoonman did, where you explain how your income will function in the upcoming year.
Killed off phone & internet at old residence. Still have garbage service there because, well, "cleanup" and we've not started service at this residence. Had already activated phone & internet here. Slowly updating address with various businesses. Had already put drivers license to this address.
Finances
6-12 months of expenses in bank accounts, 1 month expense in cash. Will make deposit to IRAs this year for use as income to get Obamacare subsidy via Roth IRA conversion in a future year. 20 years of expenses in investment accounts plus pension will begin in 5 years... believe pension alone can cover expenses, but there's uncertainty due to political winds.
Activities
Fishing has been lukewarm. Coho salmon are distinctly missing, especially compared to last year's abundance. I caught a 12 lb chinook salmon near the end of October (I think), which was dinner for 8, so we still have half of it left in the freezer. Foul-hooked a 20+ lb chinook last week and had to break it off because it just kept going downriver with line screaming off my reel and I couldn't stop him; foul-hooked (not hooked in the mouth, snagged) means I would have turned it loose anyway. I hooked a 15-20 lb chinook yesterday and we battled for several minutes; I was gradually winning until he threw the hook. My arm is still a little tired from that! I also caught & released a 7-8 lb steelhead yesterday because it was wild and a searun cutthroat trout because it was out of season.
Online racing (primarily rFactor 2) has been many enjoyable hours of offline-only. Tested 4G LTE at the old residence and it was solid for online, so still trying to get it set up here so I can get back to some online experience. Here the problem is a small ridge between our house and the cell tower; we get good download speeds, but the upload is crap. Signal improves if I place an antenna 100-200 ft away from the house, but then I need an inline amplifier to compensate for the cabling run.
Gardening is naturally slow due to the fall season. I've prepped an area for the greenhouse and will hopefully erect it in December or January. Grass sprouts are popping up, so will till them under this weekend while it is cold & dry.
Woodcutting for the 2016-17 winter is in progress. We've had 4 windfalls this fall and that should meet 60-70% of our heating needs. Windfalls might be too mild of a term as the alders actually snapped in half. Our woodshed started the season with 3 cords split, stacked, & seasoned. Am monitoring to see how much we use.
A fair amount of back & forth traveling between the two residences while we get everything moved and arranged. DW's family has had some recent events requiring our presence, too, but we haven't had to go too far out of our way.
Health
We took care of many medical appointments before the retirement date. Since retiring, I've lost the 6 lbs that had snuck on during the past year without even trying to lose them.