Leaving Alaska is harder than I thought it would be. As we RV to some of our favorite places I find myself saying, “If we hadn’t already bought a nice home in the Boise area, I could just stay right here forever.” Then I remember why we bought the home and realize we really did the right thing.
We spent three days in Seward and it did not rain once…that has to be a record. We even had blue sky for long stretches each day. We figured out how to secure a nice RV site by riding our bikes around in the morning to “reserve” a recently vacated spot near the beach.
We planted two camp chairs by one of the empty rock fire-rings by the beach and had a bit of heaven for a few days. I did ignore my diet and enjoyed camp food but I am back to my effort to continue from 280 lbs last September 2011, down to 199 at some unknown point in the future. We cancelled our gym membership which hasn’t helped, but we are out walking and biking as much as possible.
July 4th week in Seward is insane.
Everyone in Alaska tries to get a camping site to be close to the action, including the Mount Marathon race straight up a local mountain. I think the race is harder than a regular marathon and if you are not in shape forget it. We noticed some RV site were reserved days before we arrived but not used for severasl days prior to the arrival of a nice RV. You have to send a car down early to prowl the parks. One camp chair with a simple sign saying "RESERVED" is sufficent to assure your peace of paradise. People know it is the only way to get the best sites.
We enjoyed the quaint marina shopping and eatery area with some gelato, homemade fudge, and seafood galore. We rode our bikes for miles and walked the grand promenade along the beach on Resurrection Bay. We picnicked on the edge of the bay, watching fishermen, sea kayakers, otters, loons, and over abundant gulls.
We talked with other Class-A RVers who had recently made their way up the Alaska Highway. We took note of several hundred miles of frost-heaves and good places to “camp”. Though we have 3000 miles to cover on our way to Boise, it sounds like the road is in relatively decent shape with good services for the North Country. Not much like our first trip up the road in 1976 when we encountered 1100 miles of gravel, long stretches of impassable mud, complete washouts, and spotty services.
Farwell camping expeditions will be a nice way for us to say goodbye to this beautiful state that will always be fondly remembered. Alaska truly is the last frontier and every bit as awesome as the travel brochures pontificate.
Tuesday, July 3, 2012
Thursday, June 28, 2012
How to get Ready for a Home Inspection
Our home inspection has passed without major problems. Oh, what a relief that is. Everything noted can be fixed to the satisfaction of both parties. A few plugs need rewiring, some sheet rock needs to be installed under the stairs in the basement, a couple of roof shingles need to be replaced due to a wind storm a few years ago, and a slowly-leaking pipe in the storage room downstairs needs a plumbers attention. A few tips:
Stage the house like a prospective buyer is coming to visit.
Unseal the attic access.
Replace any burned-out light bulbs.
Make sure the gas fireplace lights on demand.
Service the furnace.
Don’t try to anticipate every possible repair prior to the inspection or you may spend some money you don’t need to.
Leave some obvious cookies and milk; just kidding.
After making the requested corrections, the final two selling steps are the Appraisal and the Closing.
The appraisal shouldn’t be a problem since similar homes in our area are selling for similar prices. We have a 90% letter from the buyers bank which means he probably will qualify for the loan. So it looks good from here, but the fat lady hasn’t quite sung her tune yet, or in this case I should probably say the fat "guy" since I still need to lose some more weight.
Stage the house like a prospective buyer is coming to visit.
Unseal the attic access.
Replace any burned-out light bulbs.
Make sure the gas fireplace lights on demand.
Service the furnace.
Don’t try to anticipate every possible repair prior to the inspection or you may spend some money you don’t need to.
Leave some obvious cookies and milk; just kidding.
After making the requested corrections, the final two selling steps are the Appraisal and the Closing.
The appraisal shouldn’t be a problem since similar homes in our area are selling for similar prices. We have a 90% letter from the buyers bank which means he probably will qualify for the loan. So it looks good from here, but the fat lady hasn’t quite sung her tune yet, or in this case I should probably say the fat "guy" since I still need to lose some more weight.
Tuesday, June 26, 2012
Moving on, to the Future---A Very Good Thing
We spoke with our financial planner yesterday. We are about 45 days away from being “retired” and the application process is feverishly going forward. Everything looks good for take-off into retirement.
It’s a bit scary but the cash flow looks “sufficient” for years to come. We are glad to have a good financial planner who protects our investments.
My career position in Alaska has been taken over by a young energetic educator who has new ideas and enthusiasm. It has already proven to be right that I am getting out of the way to let things go forward with new eyes.
Church Education has come a long way since I first came to Fairbanks Alaska in 1983. Back then I think there were 2 stakes in Alaska and now there are seven. Release-time seminary is established and progressing toward reality in two more locations in the state.
My Master’s Thesis at the University of Alaska in 1987 was about the development of Release Time Religious Education in the state. The program has proven to be an essential cog in the protection of our youth in Alaska, where most of the social wandering by young people is due to substance abuse and premature sexual exploitation.
Two LDS Institute facilities have been built for young single adult members of the Church, one in Fairbanks, and the other in Anchorage. Young Single Adult Wards have grown from zero to five. I was instrumental in establishing two of those YSA Wards. I had the privilege of dedicating two new chapels. Priesthood leaders have seen the wisdom in allowing Seminary & Institute programs to go forward. A key person in all of this was a pioneer Church Educator Dennis Kendall, who spent his entire CES career in Alaska.
An LDS Temple has been built in Alaska and expanded. The Mormon Church is a bulwark of strength and safety for Church members and their Alaskan communities. It has been a privilege for us to be a small part of these accomplishments. But all good things must eventually come to an end so we are moving closer to our family and out of the long dark winters. OK---there you have it, I have admitted this last winter finally did me in.
Above all good things have been the people we met and served with. They are true Alaskans, friends, and pioneers. They will always be a source of happiness and strength as we remember mutual experiences. Hopefully we can visit with you when you travel through the Boise Idaho area where our retirement home is being established, or perhaps when we sneak back up to Alaska for a visit. You have had eternal impact on our lives.
I am referring literally to 100’s of people. We have been so blessed to meet and become closely affiliated with so many of you. We extend a heartfelt thank for your friendship, kindness, dedication, and prayers. We wish we could do this personally with each and every one of you. You will be in our thoughts and prayers for evermore.
It’s a bit scary but the cash flow looks “sufficient” for years to come. We are glad to have a good financial planner who protects our investments.
My career position in Alaska has been taken over by a young energetic educator who has new ideas and enthusiasm. It has already proven to be right that I am getting out of the way to let things go forward with new eyes.
Church Education has come a long way since I first came to Fairbanks Alaska in 1983. Back then I think there were 2 stakes in Alaska and now there are seven. Release-time seminary is established and progressing toward reality in two more locations in the state.
My Master’s Thesis at the University of Alaska in 1987 was about the development of Release Time Religious Education in the state. The program has proven to be an essential cog in the protection of our youth in Alaska, where most of the social wandering by young people is due to substance abuse and premature sexual exploitation.
Two LDS Institute facilities have been built for young single adult members of the Church, one in Fairbanks, and the other in Anchorage. Young Single Adult Wards have grown from zero to five. I was instrumental in establishing two of those YSA Wards. I had the privilege of dedicating two new chapels. Priesthood leaders have seen the wisdom in allowing Seminary & Institute programs to go forward. A key person in all of this was a pioneer Church Educator Dennis Kendall, who spent his entire CES career in Alaska.
An LDS Temple has been built in Alaska and expanded. The Mormon Church is a bulwark of strength and safety for Church members and their Alaskan communities. It has been a privilege for us to be a small part of these accomplishments. But all good things must eventually come to an end so we are moving closer to our family and out of the long dark winters. OK---there you have it, I have admitted this last winter finally did me in.
Above all good things have been the people we met and served with. They are true Alaskans, friends, and pioneers. They will always be a source of happiness and strength as we remember mutual experiences. Hopefully we can visit with you when you travel through the Boise Idaho area where our retirement home is being established, or perhaps when we sneak back up to Alaska for a visit. You have had eternal impact on our lives.
I am referring literally to 100’s of people. We have been so blessed to meet and become closely affiliated with so many of you. We extend a heartfelt thank for your friendship, kindness, dedication, and prayers. We wish we could do this personally with each and every one of you. You will be in our thoughts and prayers for evermore.
Friday, June 22, 2012
Hold the Presses---Looks Like Our Home is Sold
Stop the presses. Just about the time we decided to lease our home for three years, we got a call from our real estate agent begging us to show it one last time. Since we still had not received the $2000 security deposit from our potential lessee, we somewhat reluctantly gave in and started to clean up as much as possible.
We told our agent the house was full of boxes. We had started to pack for moving. He told us the buyer was super motivated and it probably wouldn’t matter, so one last showing after two months of staging our home for people to see. Bingo: by 2pm the next day we had a good signed offer.
We did a counter since we could walk away and still lease, and it was accepted by that evening. We are getting very close to full asking price. WOW, so now we get ready for the dreaded “inspection” and appraisal. Then serious packing and complete cleanout of 14 years of accumulated stuff.
One little hint that may help if you put your home up for sale: have a huge beautiful stainless steel refrigerator in the kitchen that any potential buyer would love to have. I suspected it would be attractive and intentionally left it off the listing since we wanted to take it with us to Idaho. But secretly I knew an offer would request the fridge as part of the negotiation. So we “gave-in” and are leaving the fridge for the new owners. It turned out to be a good bargaining chip.
A beautiful kitchen is what sells a home to prospective buyers. The first of four similar sized competing homes to sell on our street this summer went quickly because it was decked out with real fancy appliances and granite counter tops. So make your kitchen as irresistible as possible. By the way, ours does not have granite counter tops. We did put in a new floor covering for the kitchen and carpet throughout the house. So there’s more than one way to make it attractive.
We did find another home just like ours, minus the walkout basement for the young couple who almost rented ours. Selling rather than leasing is best for us so we don’t have to worry as landlords 3000 miles away. Tender mercies continue to come our way as we make progress toward retirement and our trip down the Alaska Highway.
Shhhhhhh---don't tell my wife: I might just start looking for a small cabin so I can keep a small portion of Alaska to come back to and visit.
We told our agent the house was full of boxes. We had started to pack for moving. He told us the buyer was super motivated and it probably wouldn’t matter, so one last showing after two months of staging our home for people to see. Bingo: by 2pm the next day we had a good signed offer.
We did a counter since we could walk away and still lease, and it was accepted by that evening. We are getting very close to full asking price. WOW, so now we get ready for the dreaded “inspection” and appraisal. Then serious packing and complete cleanout of 14 years of accumulated stuff.
One little hint that may help if you put your home up for sale: have a huge beautiful stainless steel refrigerator in the kitchen that any potential buyer would love to have. I suspected it would be attractive and intentionally left it off the listing since we wanted to take it with us to Idaho. But secretly I knew an offer would request the fridge as part of the negotiation. So we “gave-in” and are leaving the fridge for the new owners. It turned out to be a good bargaining chip.
A beautiful kitchen is what sells a home to prospective buyers. The first of four similar sized competing homes to sell on our street this summer went quickly because it was decked out with real fancy appliances and granite counter tops. So make your kitchen as irresistible as possible. By the way, ours does not have granite counter tops. We did put in a new floor covering for the kitchen and carpet throughout the house. So there’s more than one way to make it attractive.
We did find another home just like ours, minus the walkout basement for the young couple who almost rented ours. Selling rather than leasing is best for us so we don’t have to worry as landlords 3000 miles away. Tender mercies continue to come our way as we make progress toward retirement and our trip down the Alaska Highway.
Shhhhhhh---don't tell my wife: I might just start looking for a small cabin so I can keep a small portion of Alaska to come back to and visit.
Monday, June 18, 2012
Secrets: While Leasing Your Home to Strangers
THE NEWS---We are in process of considering a lease of our Alaskan home for 3 years starting July 1st. Who knows, maybe we will decide to move back someday. If we can keep it leased for long enough, our oldest daughter and her husband want to buy it for their home once they retire from the Marines.
Now here are some details that have come to light as we have pondered this decision.
1) If we live in the home for 2 years during the 5 year period prior to it selling then we will not have to pay capital gains tax. Those two years don’t even have to be consecutive. So if we sell it prior to June 30, 2015 we will satisfy the tax man without giving him more of our money.
2) Finding a good family to lease the home wasn’t terribly difficult once we made it known we were thinking about doing so. Word of mouth brought us three potential renters.
3) With the help of a good friend I found the lease agreement online which spelled out all the necessary details to protect our investment.
4) If word of mouth advertizing doesn’t work, a good online system to seek applications is through the military housing website: http://www.ahrn.com/index.php
5) You can list your home and all the parameters you wish to set for renters, such as, no pets, non-smokers, etc.
6) Try to meet the potential renters in person and let them see the home before deciding if they want to lease it. This really helped us make up our minds to go ahead and do the lease to a young military family. He is a dentist and she is a gem. They have two young children.
7) You should check with a tax accountant to figure out if rental income will affect your tax liability. Ask about the potential for depreciating your home while it is a rental unit.
Large family homes are hard to find for rent in the Anchorage area right now as of June 2012. They are renting for approximately $1.00 per square foot. Do the math to make sure you have sufficient rental income to cover all expenses; mortgage payment, taxes, and repairs. Utilities can and I think should be the responsibility of the renter.
Check back in a few years and I will be able to tell you if we found being a landlord a good experience or if it just brought us too many headaches. But for now, we still have a foot in the door in our beloved Alaska.
Now here are some details that have come to light as we have pondered this decision.
1) If we live in the home for 2 years during the 5 year period prior to it selling then we will not have to pay capital gains tax. Those two years don’t even have to be consecutive. So if we sell it prior to June 30, 2015 we will satisfy the tax man without giving him more of our money.
2) Finding a good family to lease the home wasn’t terribly difficult once we made it known we were thinking about doing so. Word of mouth brought us three potential renters.
3) With the help of a good friend I found the lease agreement online which spelled out all the necessary details to protect our investment.
4) If word of mouth advertizing doesn’t work, a good online system to seek applications is through the military housing website: http://www.ahrn.com/index.php
5) You can list your home and all the parameters you wish to set for renters, such as, no pets, non-smokers, etc.
6) Try to meet the potential renters in person and let them see the home before deciding if they want to lease it. This really helped us make up our minds to go ahead and do the lease to a young military family. He is a dentist and she is a gem. They have two young children.
7) You should check with a tax accountant to figure out if rental income will affect your tax liability. Ask about the potential for depreciating your home while it is a rental unit.
Large family homes are hard to find for rent in the Anchorage area right now as of June 2012. They are renting for approximately $1.00 per square foot. Do the math to make sure you have sufficient rental income to cover all expenses; mortgage payment, taxes, and repairs. Utilities can and I think should be the responsibility of the renter.
Check back in a few years and I will be able to tell you if we found being a landlord a good experience or if it just brought us too many headaches. But for now, we still have a foot in the door in our beloved Alaska.
Thursday, June 14, 2012
Leasing versus Selling our Alaskan Home
We have lived in our beautiful 5 bedroom Alaskan home for 14 years as of July 2012. All but our oldest two sons “grew-up” here along the Eagle River in one of the most amazing river valleys in the world. It is the home we will always remember as our real home. Over 38 years of marriage we never came close to staying in the same house this long.
Two months ago we reluctantly put it on the market to sell. It’s painful to have people looking at our beloved castle with a critical eye. Most have loved the home, but it is a pricey venture to buy a 3200 square foot river-bluff property with all the moose and bears that come with it.
On Monday a fine young couple came through the house to see if it is the one they would like to rent while they are stationed here in Alaska. They raved at the entire tour and especially the mountain views out our third floor bedroom window. He is a dentist in the military and needs a 3 year lease. I prefer to sell, but really liked this young couple and think they will live lightly with no pets or smoking in our home. So we are now leaning toward leasing.
Here are the issues with changing our property to a rental:
1) When we eventually sell we will have to consider capital gains taxes.
2) About 20% of rental income needs to be put aside to pay for potential damage and/or maintenance.
3) Worrying about a property 3000 miles from where we will be living in retirement will bring some stress no matter how well it goes.
4) We have to consider whether we will depreciate the home for tax purpose while it is a rental property.
5) Will our new carpet survive renter? etc, etc. etc...
Looking carefully at all the ramifications and consulting our tax accountant are necessary steps as we evaluate. But it is looking like we will lease and we are feeling good closure from that leaning. Confirmation is always a comforting step in these big decisions.
Two months ago we reluctantly put it on the market to sell. It’s painful to have people looking at our beloved castle with a critical eye. Most have loved the home, but it is a pricey venture to buy a 3200 square foot river-bluff property with all the moose and bears that come with it.
On Monday a fine young couple came through the house to see if it is the one they would like to rent while they are stationed here in Alaska. They raved at the entire tour and especially the mountain views out our third floor bedroom window. He is a dentist in the military and needs a 3 year lease. I prefer to sell, but really liked this young couple and think they will live lightly with no pets or smoking in our home. So we are now leaning toward leasing.
Here are the issues with changing our property to a rental:
1) When we eventually sell we will have to consider capital gains taxes.
2) About 20% of rental income needs to be put aside to pay for potential damage and/or maintenance.
3) Worrying about a property 3000 miles from where we will be living in retirement will bring some stress no matter how well it goes.
4) We have to consider whether we will depreciate the home for tax purpose while it is a rental property.
5) Will our new carpet survive renter? etc, etc. etc...
Looking carefully at all the ramifications and consulting our tax accountant are necessary steps as we evaluate. But it is looking like we will lease and we are feeling good closure from that leaning. Confirmation is always a comforting step in these big decisions.
Wednesday, June 13, 2012
Building Our Cozy Log-Cabin "Retirement" Future
This post was one of my originals 8 months ago. Read the PS at the end for the rest of the story...
I dreamed of retiring at 55 so I could build our own log-home and live simply. But that time came and we still had some of our children living at home and going to college. So I just kept working in a profession I loved as an educator.
I wanted to be physically capable of doing most of the building of our retirement home. I have many log cabin building books, and a whole library I accumulated over the years on how to set up a self-sufficient farmstead with a large garden and animals. It is likely to be an important part of how I choose to stay active when I "retire".
Retirement for me means starting a new career for the next 15 or so years of my life. I don’t plan on doing this because I have to, but because I want to. Becoming idle just doesn’t fit my lifestyle or needs. My wife is a cancer survivor who has sacrificed to live where my career took us and to raise a family of 5 outstanding children. I want to provide some extra "retirement" money so we can travel for three reasons; 1) visit and help family, 2) serve our Church and community, 3) just have some good fun.
My research concerning retirement over the past 5 years has helped me realize many essential and challenging issues needing our attention as we prepare. This blog and my website share what we have been learning.
I have over 2500 friends on Facebook probably due to my 34 years of teaching 100's of students annually. I figure there have been as many as 10,000 who have allowed me access to their brains as we struggled together to learn and stretch our intellect and spiritual muscles.
I enjoy writing. Thus far I have several places to publish and share; Facebook, http://saferetirementfreedom.blogspot.com/, and my website linked from my Blog. Hopefully this will continue to allow me to engage in the process of helping my friends and many former students continue to learn and explore together. It will be a great creative outlet. Intellectual curiosity has fueled many years of growth for me. It is one of the most satisfying things I engage in. I love the creative process and its congruence with spiritual processes.
For us, preparations for our future are ramping-up and the time for "retirement" grows near. The last ten years before retiring are crucial. But every year of our working lives should contribute to the preparedness with which we approach retirement, whether we are 25, 45, or 65 years young.
I hope you will become a part of our group and contribute to the discussion. Simply sign in to the left of this post.
PS update: as of June 2012---we bought an existing home in the Boise Idaho area so the log home became a short sale or sorts, since that was the best financial opportunity as the economy continues to languish.
I dreamed of retiring at 55 so I could build our own log-home and live simply. But that time came and we still had some of our children living at home and going to college. So I just kept working in a profession I loved as an educator.
I wanted to be physically capable of doing most of the building of our retirement home. I have many log cabin building books, and a whole library I accumulated over the years on how to set up a self-sufficient farmstead with a large garden and animals. It is likely to be an important part of how I choose to stay active when I "retire".
Retirement for me means starting a new career for the next 15 or so years of my life. I don’t plan on doing this because I have to, but because I want to. Becoming idle just doesn’t fit my lifestyle or needs. My wife is a cancer survivor who has sacrificed to live where my career took us and to raise a family of 5 outstanding children. I want to provide some extra "retirement" money so we can travel for three reasons; 1) visit and help family, 2) serve our Church and community, 3) just have some good fun.
My research concerning retirement over the past 5 years has helped me realize many essential and challenging issues needing our attention as we prepare. This blog and my website share what we have been learning.
I have over 2500 friends on Facebook probably due to my 34 years of teaching 100's of students annually. I figure there have been as many as 10,000 who have allowed me access to their brains as we struggled together to learn and stretch our intellect and spiritual muscles.
I enjoy writing. Thus far I have several places to publish and share; Facebook, http://saferetirementfreedom.blogspot.com/, and my website linked from my Blog. Hopefully this will continue to allow me to engage in the process of helping my friends and many former students continue to learn and explore together. It will be a great creative outlet. Intellectual curiosity has fueled many years of growth for me. It is one of the most satisfying things I engage in. I love the creative process and its congruence with spiritual processes.
For us, preparations for our future are ramping-up and the time for "retirement" grows near. The last ten years before retiring are crucial. But every year of our working lives should contribute to the preparedness with which we approach retirement, whether we are 25, 45, or 65 years young.
I hope you will become a part of our group and contribute to the discussion. Simply sign in to the left of this post.
PS update: as of June 2012---we bought an existing home in the Boise Idaho area so the log home became a short sale or sorts, since that was the best financial opportunity as the economy continues to languish.
Monday, June 11, 2012
Lessons Learned as Retirement Approaches
Six weeks of getting better from some ailments related to getting “older” have taken a toll on both Jeannie and me. After her struggle with pneumonia I decided to get vertigo due to a sinus infection, serves me right for going non-stop during the weeks while Jeannie was sick and while my work was winding up for the school year.
Getting ready to retire and move has been more time consuming than we had anticipated. Staging the house for viewings, garage sales, prepping the motorhome for our trip down the Alaska Highway, cleaning, painting, yard work with grass growing more prolifically than ever before (yah, what’s up with that), and not having enough sunny days. All this has filled our time and slowed us down.
If I had known how tiring re-tiring (pun intended, with a smile) was going to be I may have just kept on working my career as and educational administrator.
One reason we bought our new home in the Boise area was so we wouldn’t wimp out of retiring and stay with our comfortable life in Alaska. Once the new Ideaho home was a done deal we had no choice but to go forward. For which I am grateful even though we are worn out. I have crunched the numbers many times to make sure we can survive this change whether we live for 10, 20, or more years.
Our family is getting ready to celebrate this big change by doing a Lake Powell house boat adventure in mid-August. Everyone but our son-in-law Miguel (currently in training as a recon-Marine) will be there. He will be missed but we will enjoy our children and grandchildren as we transition to our new life. After stopping in Salt Lake City to spend time with my 87 year old mom, we will be back in the Boise area setting up our new home and preparing an organic garden for the next growing season.
Some conclusion from recent experience:
1) Take extra good care of yourself while you prepare to retire, don’t overdo it or you may wear down and slow the process.
2) Garage/Moving Sales are exhausting, get help and post loads of signs to bring in the buyers.
3) Don’t be too anxious to sell your best stuff to lowball negotiators who just turn around and sell on craigslist.
4) Just use Saturdays from 9AM-1PM for your sale. The traffic dies down after that and you get too tired to stay out in the sun.
5) Don’t accept first offers, they expect to have a counter offer from you before a price is settled on.
6) Always know the original price and have a quick story about how valuable and useful the item is…such as “wow, you know that tiller was originally $700 and still works as well as the day I bought it. It’s a rear-tine tiller and churns up the ground with ease. I could give it to you for (counter offer).”
7) Rest as much as possible. Keep exercising and eat well. Manage the stress with your best routines; yoga, meditation, hot tubs, steam room, fishing, reading a good book, or whatever. Pamper yourself…you deserve it.
Getting ready to retire and move has been more time consuming than we had anticipated. Staging the house for viewings, garage sales, prepping the motorhome for our trip down the Alaska Highway, cleaning, painting, yard work with grass growing more prolifically than ever before (yah, what’s up with that), and not having enough sunny days. All this has filled our time and slowed us down.
If I had known how tiring re-tiring (pun intended, with a smile) was going to be I may have just kept on working my career as and educational administrator.
One reason we bought our new home in the Boise area was so we wouldn’t wimp out of retiring and stay with our comfortable life in Alaska. Once the new Ideaho home was a done deal we had no choice but to go forward. For which I am grateful even though we are worn out. I have crunched the numbers many times to make sure we can survive this change whether we live for 10, 20, or more years.
Our family is getting ready to celebrate this big change by doing a Lake Powell house boat adventure in mid-August. Everyone but our son-in-law Miguel (currently in training as a recon-Marine) will be there. He will be missed but we will enjoy our children and grandchildren as we transition to our new life. After stopping in Salt Lake City to spend time with my 87 year old mom, we will be back in the Boise area setting up our new home and preparing an organic garden for the next growing season.
Some conclusion from recent experience:
1) Take extra good care of yourself while you prepare to retire, don’t overdo it or you may wear down and slow the process.
2) Garage/Moving Sales are exhausting, get help and post loads of signs to bring in the buyers.
3) Don’t be too anxious to sell your best stuff to lowball negotiators who just turn around and sell on craigslist.
4) Just use Saturdays from 9AM-1PM for your sale. The traffic dies down after that and you get too tired to stay out in the sun.
5) Don’t accept first offers, they expect to have a counter offer from you before a price is settled on.
6) Always know the original price and have a quick story about how valuable and useful the item is…such as “wow, you know that tiller was originally $700 and still works as well as the day I bought it. It’s a rear-tine tiller and churns up the ground with ease. I could give it to you for (counter offer).”
7) Rest as much as possible. Keep exercising and eat well. Manage the stress with your best routines; yoga, meditation, hot tubs, steam room, fishing, reading a good book, or whatever. Pamper yourself…you deserve it.
Monday, May 21, 2012
My Sweetheart Jeannie is Making Great Progress
Two weeks ago my wife Jeannie’s blood pressure dropped below
90/60 and her heart rate went up to 120.
We have a home blood pressure monitor so I was able to check her blood
pressure and pulse regularly. After
caring for her for a full day at home without improvement we went to the
emergency room on Monday morning May 7th. She was diagnosed with sepsis and pneumonia
and admitted to the hospital for what became an 8 day ordeal. For a while they thought she had a staph
infection but it turns out to have been strep, which was the first tender mercy
since it is “easier” to cure.
Her right lung capacity had been at 1/3 its normal when she
was admitted and improved to close to 90% due to miraculous treatment to drain
the infectious gunk through a chest tube.
It was no fun for Jeannie with lots of pain but as usual she was a real
trooper and patiently waded through. As
I recollect she only broke down once and cried in frustration and due to pain. I am so proud of her resolve to fight
this.
After long difficult days in the hospital, on Monday evening
May 14th she was released from the hospital and has been home on continued
antibiotic treatment to clear up the rest of the infection in her right
lung. Coming home was tender mercy
#2. We were so glad to avoid the long-term
care recovery center the doctors thought they would send her to. I have been able
to be her home nurse most of the time.
I am grateful to be able to do this for her since last time
she was in a serious health situation in 2007 I got sick and spent 10 days in
the hospital with a ruptured appendix, and was not able to care for her during chemotherapy
for stage 4 oral cancer.
Today Jeannie goes to her infectious disease doctor for an
evaluation to see if she is progressing well.
She has been improving steadily and yesterday went for a short walk outside
holding onto my arm.
Life is slowly getting back to normal around our home which
is tender mercy #3. It will be a long
process to get Jeannie back to “full” health but we have made it through the
most difficult weeks.
She appreciates all the thoughts and prayers offered for her. With being this sick it “takes
a village” to get better and all the positive input has been motivational for
her to rally again. Thank you for your
kindness and love.
Thursday, May 3, 2012
A Great Source of Money if you know How to Do It
How to buy your next home. There
is major interest in this retirement strategy. Interest rates at are historic
lows right now. We have been fortunate
over the years to be able to make money on all the homes we have purchased or
perhaps I should say "invested" in. It's easy to do, if you know a
few basics.
There
is no substantive reason why you have to stop using your home as an investment
as you go into retirement. In my most recent private letter to my secure email
group I shared how we have set ourselves up in our first retirement home in
Idaho with an immediate equity gain due to it being a short sale property one year
previously.
We
were happy to do it this way since the seller had already been through the
intense process of negotiating with the bank. We got the house for less than
what they had paid once we considered the $21,000 professional landscaping
project they completed. We watched the Boise homes market closely for 18 months
to find the right home. Internet know-how makes this easy now a days.
As
much as I appreciate all our real estate brokers over the years, keep in mind
that they always have a "conflict of interest" as they negotiate on
your behalf. Listen to their counsel but take charge and make your own
decisions when it comes to negotiations.
If
you go after a foreclosure or short sale, be prepared to walk away when the
business process gets pushy. You will almost always hear that another potential
buyer's offer is about to be on the table as they try to get you to settle on a
price. Don't let your emotions govern your decisions.
If
you know what to do you can make 10's of thousands of dollars as you buy your
next home. We picked up $60,000 equity the day we signed our new home papers in
Boise last week. If invested wisely, at 5% draw that can be an inflation
proofed addition of $3000 in retirement income per year for perpetuity. Not a
bad bonus.
To get more detail about this and other investment
strategies you can join my secure email group by signing up in the box to the
left of this post: http://saferetirementfreedom.blogspot.com/
Subscribe to:
Posts (Atom)