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Old 15-01-2015, 17:09   #1
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Retirement countdown list

I'll be 65 in Dec. and then I'm done! Kaput! Gone!

The plan ( with some ambiguity, too much really) is that my Wife (63) and I take off then. Right now we work part time, we are in Philly 8 days, then live on the boat for 6. All winter. We are still working, part time. We have some miles under our belts but the Wife is still a bit skittish, although she really enjoyed our 3 week Chesapeake cruise last fall. My guess is we will head South, poking our way down the ICW. She will need to stay connected to a wifi and cell phone for a couple of years.

We have a rental property, pretty good SS, and better than average savings/401k. Not rich, but about $60 to $70k per year income. Boat is paid for and in good shape.

So here's my question.....looking forward to my last months here......

What do I need to do in preparation for this change in life?
Shift to electronic banking?
Mail forwarding?
Property manager?
Pay off last 2 years of mortgage?
Change residence to Florida? Good/bad?
Look into ACA for my Wife?
Apply for SS? (Railroad retirement actually)
Apply for Medicare?
Any other ideas? I feel I'm missing something, but what?
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Old 15-01-2015, 17:43   #2
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Re: Retirement countdown list

As I'm planning to leave next year I think you are thinking too hard.

You should apply for Medicare, even if you aren't going to start collecting SS.

Get a property manager or get rid of it.

GO!!!!!!!!!!!!!!!!!!!!! Figure out that other crap along the way.
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Old 15-01-2015, 19:02   #3
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Re: Retirement countdown list

To paraphrase Yogi Berra - "ninety percent of (retirement) is half mental". It seems there are so many variables that feeling you're missing something is part of the process. Most likely there is no one way to "retire" right. You can read all you want, talk to experts, the internet, a crazy friend's distant uncle and still end up perplexed.
As for your list - no great expertise on my part ( I am a trainee retiree) but a couple decisions seem straightforward -
Electronic banking is a no brainer. Easier than the alternative. Don't pay extra for it, it is the new normal.
Apply for Medicare as soon as you can because what would you not?
If your spouse is still working and eligible for any employer insurance take it. If not the health care exchange is the way to go until she gets to Medicare.
Social Security looks tricky. Full retirement age for those us about to be 65 is actually 66. The benefit (NOT ENTITLEMENT!) rises almost 8% per year if you put off taking it, not a bad investment. Unless you croak before taking it. There are gambits like spousal payment, suspending benefits and other voodoo.
More effective than twisting brain cells on all that is to ask "what is the best/cheapest blue water cruiser to live aboard" on any internet forum. Gardeners, permaculturalists and swingers will all weigh in.
Speaking of blue water, can you ice-skate off your boat these days?
Where are you for 6 days at a time while it is glacial here in Philidulphia?
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Old 15-01-2015, 19:12   #4
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Re: Retirement countdown list

Congrats HPeer! Great news indeed .

I've got no wisdom to offer that you don't already know. My spouse and I began the transition to full-timers last Spring, and we carry on this coming year. We're still disengaging from land life. Seems it should be easier ... but we're getting there.

I know you'll figure it all out. Hope to see you out there sometime over the next few years. Come back to NFLD. We'll be there by September (I hope).
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Old 16-01-2015, 03:50   #5
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Re: Retirement countdown list

Hpeer, which of the two steel cutters is in your plan? I like the planning process too and it seems you've included the money and shore connection factors. What about the boat? Do you have multiple means to maintain your 12V system? What makes up your tankage? Are you expecting a mix of marinas and anchoring out?

Keep us posted of your progress,- 'love to hear of those success stories!
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Old 16-01-2015, 05:12   #6
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pirate Re: Retirement countdown list

Good on yer Hpeer.. there's some of us who drifted into it totally unaware/prepared... mainly coz one didn't think one would reach it...
But.. lifes still good fun and the survival game keeps the mind alert and spirit young..
Enjoy..
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Old 16-01-2015, 05:28   #7
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Re: Retirement countdown list

Quote:
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Hpeer, which of the two steel cutters is in your plan? I like the planning process too and it seems you've included the money and shore connection factors. What about the boat? Do you have multiple means to maintain your 12V system? What makes up your tankage? Are you expecting a mix of marinas and anchoring out?

Keep us posted of your progress,- 'love to hear of those success stories!
Both?

Initially the 44'er. She is bigger, more comfortable and American flagged.
150 diesel, 180 water, 380w solar, wind gen, Honda 2000.

Maybe in a year or two we will take the 33'er back to Canada. We were thinking of the Erie Canal, down the St. Lawrence, then back to Newfoundland. Canadian flagged.
80 diesel, 70 water, 180 solar (to be mounted.)

Boats are identical in that...Espar D4, kero bulkhead, kero cooker with oven.

Yes, I think a mix of marina and anchor. We are prety solitary critters, but not exclusively.

One big issue will be improving our cooking skills, dramatically.
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Old 16-01-2015, 05:37   #8
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Re: Retirement countdown list

Brazen,

We had an unexpected freeze around the boat during the cold snap. We couldn't walk, but the ducks could. I say surprising because it froze faster this year than last, which was colder longer. Last year it took a lot of cold for the canal to freeze over, but it eventually froze right solid. This year it skimmed over the first cold night. More rain means more fresh water?

We keep the boat in Delaware City, at the North end of the C&D Canal. There is lots of flow through there, found we could sleep right through ice flows scrapping the hull. Which was surprising because, with a steel hull, it is LOUD.

I think I'm gonna take my SS. My Wife qualifies for well over half of mine on her own history. So that pretty much decouples her benefit from mine. I've heard the various strategies and decided that for us it makes more sense to use SS than to drawn down on savings. Mostly because kids can inherit savings, but not SS.
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Old 16-01-2015, 05:40   #9
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Re: Retirement countdown list

Thanks for the encouragement guys. Been stuck one foot in, one foot out for too long. Need to Mae my move and enjoy what I've got left.

I most definitely past my "best if used by" when it comes to work. I stopped shaving and cutting my hair over two years ago, and they still pay me! Go figure.
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Old 16-01-2015, 05:49   #10
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Quote:
Originally Posted by hpeer View Post
I most definitely past my "best if used by" when it comes to work. I stopped shaving and cutting my hair over two years ago, and they still pay me! Go figure.
Hair.... you still got HAIR....???




Go on... Gloat why don't ya...
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Old 16-01-2015, 14:32   #11
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Re: Retirement countdown list

I didn't say WHERE the hair was, let's just say I don't wear long johns!
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Old 16-01-2015, 16:07   #12
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Re: Retirement countdown list

Others have grown taller than their hair.
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Old 16-01-2015, 16:15   #13
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Old 23-01-2015, 19:42   #14
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Re: Retirement countdown list

I'm 66 and realized a few years ago I am having one of the happiest times of my life. If you can, get your bills paid off. Figure out how much "stuff" you really need.
I get no bills. My stuff is related to boat needs. I no longer own a suit. No leaf blower, lawnmower, etc. No barber, no razor. Blue jeans and pocket tees. (I don't go where it's hot).

I get my mail at a commercial mailing service so I can get packages from any service. Nothing I receive in the mail is time sensitive (to me) so when I'm gone and the mail builds up the service fills a box and ships it where I am or going to be. I have my phone calls down to a few people and when cruising I am out of cell range most of the time so keep a sat phone for my emergencies along with marine radios.
This boat is big enough for a washer & dryer and lots of food storage so port calls can be infrequent. I carry a small power boat for shore trips and prefer to anchor much of the time. Also cheaper than marina day rates for the big boat. Sometimes it's nice to have a moat around your castle.
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Old 28-01-2015, 19:41   #15
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Re: Retirement countdown list

What kind if boat do you have and where do you cruise.


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