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clester's Account Talk
- Thread starter clester
- Start date
blueroadster
Member
SMA and DMA are one in the same right?
clester
Well-known member
S&P is still above the 50 dma and may need to test it before the rally continues. We have a few resistance areas on the way back up. I feeling a need to buy 50% I fund which I may do Monday. It's in a bear market so my system calls for max 50%.
clester
Well-known member
Thought I'd give an update on my post retirement activities. Some of May be interested? IDK.
I have been taking classes at my local university. One per semester for about 4 years. I had though I wanted to be a high school math teacher for a second career. I took M.ed classes up until I had to do student teaching. That was full time so I went ahead and retired. I had planned on retiring anyway. The student teaching experience cured me of that. I never worked so hard. Classroom management was my downfall. My wife the teacher had warned me. She was right. The paperwork plus taking classes plus classroom drama...I quit. I didn't retire to work this hard! So, I started taking classes in Physics for fun. I've had this desire to learn physics since my mom turned me onto all the questions and weird stuff physicists we're finding out. I took a couple years of classes one at a time. Then my son was getting into computer programming and I got interested in that too. I have a B.S. In computer science and I wanted to try it out again. I never worked in the field. So, I did that for a few semesters but decided to get back to physics.
Last semester I took "Nuclear and Atomic physics". There was a lot of quantum mechanics in there. Very interesting! Now, I'm taking "quantum mechanics". I'm hoping its a little more in depth than what I learned las semester.
That's my hobby in retirement! Nobody understands why I would want to do that but to me it's an awesome way to spend retirement. I may go on to get a B.S. But it's not a need. I would have another 4 or so classes to take. It's a little expensive so idk. I could just take a few awesome vacations.
Anyone in San Diego? My son is interviewing for a job there. I know rents are high. Any pluses or minus he should consider? The office is about 30 miles north. He's single and 27 and currently lives in Montreal. I know it'll be a big weather difference.
I have been taking classes at my local university. One per semester for about 4 years. I had though I wanted to be a high school math teacher for a second career. I took M.ed classes up until I had to do student teaching. That was full time so I went ahead and retired. I had planned on retiring anyway. The student teaching experience cured me of that. I never worked so hard. Classroom management was my downfall. My wife the teacher had warned me. She was right. The paperwork plus taking classes plus classroom drama...I quit. I didn't retire to work this hard! So, I started taking classes in Physics for fun. I've had this desire to learn physics since my mom turned me onto all the questions and weird stuff physicists we're finding out. I took a couple years of classes one at a time. Then my son was getting into computer programming and I got interested in that too. I have a B.S. In computer science and I wanted to try it out again. I never worked in the field. So, I did that for a few semesters but decided to get back to physics.
Last semester I took "Nuclear and Atomic physics". There was a lot of quantum mechanics in there. Very interesting! Now, I'm taking "quantum mechanics". I'm hoping its a little more in depth than what I learned las semester.
That's my hobby in retirement! Nobody understands why I would want to do that but to me it's an awesome way to spend retirement. I may go on to get a B.S. But it's not a need. I would have another 4 or so classes to take. It's a little expensive so idk. I could just take a few awesome vacations.
Anyone in San Diego? My son is interviewing for a job there. I know rents are high. Any pluses or minus he should consider? The office is about 30 miles north. He's single and 27 and currently lives in Montreal. I know it'll be a big weather difference.
alevin
Well-known member
For me, big question is how to resolve the 1000-mile distance between me and aged declining 80+ parents. I'll be the one doing eldercare, the siblings aren't in geographic or financial position to have that option. Already had to get proactive while on vacation last fall to address healthcare matters the parents weren't doing sufficiently themselves to maintain independence. things better now, but....
Possibility arose last week-friend here w/10 irrigable acres, not too far from town/work, house+apartment/MIL home downstairs, terrific private well, no senior irrigators. She would be my mentor on how to do landlording. Very experienced, and would continue to live nearby on adjacent property.
price would be doable (barely) if I take max 3yr loan from TSP to pay back in 3 years, plus 10-15 yr loan from elsewhere, plus sell my current house for a certain price by next November-December. Would rent out the downstairs quarters to decent renter (carefully) for time being, and at some point persuade parents to move here and pay me rent until/unless they need to move into senior citizen facility. One parent has already said they'd be willing to move in with me if the other passes before they do and if the remaining parent can't continue to afford living arrangements where they are.
Assumption-could keep renter in the place, one way or another to offset mortgage payments for 3 years pre-retirement, and 7 years post-retirement, and could manage the additional property taxes, and increased income taxes minus deductions for mortgage interest and property depreciation costs for the rental portion.
10-acre irrigated fantasy-raise most of my own food-small orchard producing in 3-5 years, chickens, big garden, maybe beehive (maybe). Get a market garden going by the time I retire, plus maybe enough chickens to sell eggs locally, and maybe sell some apples as well-in about 5 years. probably wouldn't earn enough from farming activity to get hit with SS/Supplemental Income penalties. That income would be optional, but fun to see what I can produce beyond my own needs, for profit. Passive income from rent doesn't count as earned income, from what I've read. Can anyone here speak from experience on that?
still running numbers: increased costs-insurance, taxes, gas for somewhat longer commute, plus need to plunk down 50% on 5yo used new vehicle next winter and get 50% 3-year auto loan-vehicle with better mileage maybe. The current vehicle is finally starting to leak oil, leak transmission fluid, along with the minor transfer case leak already known. I'll get it fixed this year to hold me til next year, then it will be about time to buy it's replacement for everyday driving (increased insurance, car payments I haven't had in a longtime). No trade in, keeping the 20-yo p/u til it won't run anymore. I'd need it, living semi-rural, mini-farm style.
I'd have to cut back new contribs to 5% for the last 3 years pre-retirement while paying back 3-year tsp loan. Would mean staying one year longer than I currently wish, but it may well be worth it: interesting and enjoyable way to expand on current home veg gardening/fruit growing activities and include potential for reduced stress about aging parents 1000 miles away. The place may sell before I firm up buying decision and get ducks lined up, in which case that's the way the ball bounces-so far the action by other prospective buyers hasn't resulted in any bids, they don't want the existing dwelling, would rather tear down and build their own, but can't swing it. me-I could live with what's there now for retirement living purposes for 20-25 years or so, if I didn't need to sell sooner for some reason.
Possibility arose last week-friend here w/10 irrigable acres, not too far from town/work, house+apartment/MIL home downstairs, terrific private well, no senior irrigators. She would be my mentor on how to do landlording. Very experienced, and would continue to live nearby on adjacent property.
price would be doable (barely) if I take max 3yr loan from TSP to pay back in 3 years, plus 10-15 yr loan from elsewhere, plus sell my current house for a certain price by next November-December. Would rent out the downstairs quarters to decent renter (carefully) for time being, and at some point persuade parents to move here and pay me rent until/unless they need to move into senior citizen facility. One parent has already said they'd be willing to move in with me if the other passes before they do and if the remaining parent can't continue to afford living arrangements where they are.
Assumption-could keep renter in the place, one way or another to offset mortgage payments for 3 years pre-retirement, and 7 years post-retirement, and could manage the additional property taxes, and increased income taxes minus deductions for mortgage interest and property depreciation costs for the rental portion.
10-acre irrigated fantasy-raise most of my own food-small orchard producing in 3-5 years, chickens, big garden, maybe beehive (maybe). Get a market garden going by the time I retire, plus maybe enough chickens to sell eggs locally, and maybe sell some apples as well-in about 5 years. probably wouldn't earn enough from farming activity to get hit with SS/Supplemental Income penalties. That income would be optional, but fun to see what I can produce beyond my own needs, for profit. Passive income from rent doesn't count as earned income, from what I've read. Can anyone here speak from experience on that?
still running numbers: increased costs-insurance, taxes, gas for somewhat longer commute, plus need to plunk down 50% on 5yo used new vehicle next winter and get 50% 3-year auto loan-vehicle with better mileage maybe. The current vehicle is finally starting to leak oil, leak transmission fluid, along with the minor transfer case leak already known. I'll get it fixed this year to hold me til next year, then it will be about time to buy it's replacement for everyday driving (increased insurance, car payments I haven't had in a longtime). No trade in, keeping the 20-yo p/u til it won't run anymore. I'd need it, living semi-rural, mini-farm style.
I'd have to cut back new contribs to 5% for the last 3 years pre-retirement while paying back 3-year tsp loan. Would mean staying one year longer than I currently wish, but it may well be worth it: interesting and enjoyable way to expand on current home veg gardening/fruit growing activities and include potential for reduced stress about aging parents 1000 miles away. The place may sell before I firm up buying decision and get ducks lined up, in which case that's the way the ball bounces-so far the action by other prospective buyers hasn't resulted in any bids, they don't want the existing dwelling, would rather tear down and build their own, but can't swing it. me-I could live with what's there now for retirement living purposes for 20-25 years or so, if I didn't need to sell sooner for some reason.
Envious in many respects...
Maricar19
Active member
Not from experience, but from various sources..Non-work income such as annuities, investment income, interest, capital gains and other government benefits are not counted and will not affect your Social Security benefits. Only wages earned from a job and self employment affect SS benefits.
Just a side note: wouldn't that be a double whammy if you reduce your TSP contributions and at the same time borrow from your TSP? I am sure you have thought about these options (just saying)
alevin
Well-known member
Yep, already done that figgerin. It's an either/or situation. I either don't go for the opportunity, or I pull the funds out of tsp and pay myself back in 3 years. I'd still be putting 5% in to get the match during that time. As well paid as I am, with no debt at this point (other than the essential 50% used auto loan in the not too distant future), the figures don't make it possible not to take the tsp loan, if I try to do this. Approaching 60 now, I don't want to be paying on a major mortgage still at age 70.
the takehome just doesn't stretch far enough to do this deal without about 40% down (including proceeds from sale of current paid-for home and 50K from tsp. tradeoff is I'd be acquiring an income property to replace lost earnings from tsp for those 3 years. Yes, I'd get hit with increased income taxes due to not hiding away an additional maxed out 60K for those 3 years, but I'd get some of the lost earnings back in deductions and rental income, and I'd have paid myself back in full on the 50K before retiring.
Like I said, it's doable (barely), from the figuring I've done so far. In a years time, if the property is still on the market at that point. By then I'd have one year to go before I could retire. Oops, miscalculation spotted. I'd have to stay in 2 years longer than I'd like, instead of one. Which means I'd hit 62 right shortly after the tsp loan is paid back to myself. Would make sense to stay in long enough to get the 1.1 FERS annuity instead of the 1.0 annuity. that would help make up the difference also.
Other possibility is letting the parents take a look, see what they think of the deal. My dad is good with money, conservative with it. must be where I got my tendencies. They've been talking of coming out to visit this summer, haven't been out for a long time. If they come and the property is still for sale, it'll give them something to chew on before next December for themselves.
clester
Well-known member
sorry for cluttering up your thread, clester. got excited about the post-retirement interests and lifestyle conversation. I'd be more than happy if a mod would move my chatter over to my thread.
I appreciate your story. I am happy to host you comments. Very interesting and I wish you the best of luck. God bless you for your willingness to be your parents caretakers.
WorkFE
Well-known member
Alevin,
I applaud your ambition. My sister and I were just having a conversation about our parents this weekend. Although I have about 10 more years till they hit their 80's.
As far as farming. It takes 6-10 years for a standard apple tree to begin producing fruit. There are other variations that grow slightly faster but the yield is noticeably less. Farming, in any form is hard work but it is satisfying as well.
I do not own a significant amount of land and what I do have is timber but I lease about 500 acres a year.
It takes a special person to operate a Farmette. You have to be space frugal. Get advice from those that have succeeded at it. If you see a small farm, pull in the driveway. It has been my experience that they are extremely friendly and love to talk about there success.
Google local wineries, they are usually as mini farm as you can get.
I applaud your ambition. My sister and I were just having a conversation about our parents this weekend. Although I have about 10 more years till they hit their 80's.
As far as farming. It takes 6-10 years for a standard apple tree to begin producing fruit. There are other variations that grow slightly faster but the yield is noticeably less. Farming, in any form is hard work but it is satisfying as well.
I do not own a significant amount of land and what I do have is timber but I lease about 500 acres a year.
It takes a special person to operate a Farmette. You have to be space frugal. Get advice from those that have succeeded at it. If you see a small farm, pull in the driveway. It has been my experience that they are extremely friendly and love to talk about there success.
Google local wineries, they are usually as mini farm as you can get.
I'm 30,30,40 CSI. Talk has been about an "I" fund breakout. This may be the beginning.
Mcqlives
Active member
Ditto. I think the I fund has some serious climbing to do.
clester
Well-known member
The setup for S and I funds look great! I'm going to move to 50% I 50% S. I fund is still in bear market so my system says max 50% there. C fund had a successful test of the 50dma so it still looks good too but S fund looks a little better.
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