It’s the April Fool’s edition of the Saturday Share Day and it’s been a much better week than last week! The website hack was no joke and it took up a lot of my time. The site is fine now (almost too secure at times) – but I’m not complaining. I’ll write a post about the hack soon, but I had to let the whole thing go for a little while because it was definitely stressful!
Instead, I wrote about how we plan on funding the gap in early retirement. Most of the comments supported our plan, but a few still questioned why we would count on pensions (or Social Security). Our pensions will add up to over $70K/year (when I can collect in five years). If we ignore the pensions, I wouldn’t be able to leave full-time work this year. I’d have to work for another decade or more to get the 4% rule to work. And that isn’t happening. We’ll take our chances at this point in life and plan for a reduction rather than our pensions ever being eliminated.
With the hack over, I was able to catch up on some reading. I hope you enjoy some great posts from this week!
Fritz over at The Retirement Manifesto had a great guest post from ESI Money about the importance of having something to retire to. I am going to really have to push myself to “try things, lots of things” as ESI suggests. I could definitely see just doing more of what I like to do. It will be time to test those boundaries! (Maybe I can even try making an infographic someday!)
Thias at It Pays Dividends wrote a post called Don’t Bunt. It aligns with the idea of pushing boundaries. Small goals are certainly helpful but a really big goal and a lot of passion can change your life!
The Green Swan wrote a post describing his thoughts on their ideal retirement lifestyle and focused on projected expenses. Since we have never budgeted or tracked expenses, I was happy to see JW’s numbers. They were in line with Physician on Fire’s projections too. Our very conservative estimates were similar, but we will be have a better idea about our retirement expenses in 2018.
Speaking of expenses, check out this post about having a hustling mentality by Holly over at Club Thrifty. She learned of a young woman in the neighborhood who was working to pay off college expenses in a unique way! Talk about motivated! She’ll be going far in life because she took her finances seriously so early!
Apathy Ends showed a great example of how to map out your finances. I work with students who all have different learning styles. If you are a visual learner or processor, this kind of map could be a game changer for you. Look at the connections and where your money is going. Can you automate something and open up some “bandwidth” in your brain?
As we get ready to finish up our taxes this weekend, I’m happy to highlight this awesome post about the mortgage interest deduction by Chris over at Keep Thrifty. One of the comments describes it best (by Mr. Groovy) – “Losing out on the home mortgage deduction” is the personal finance equivalent of an alternative fact. This is perhaps the best tutorial I have ever read on the bad math behind the vaunted home mortgage deduction.”
Great news! Our tenant of 22 years has found a new home! At the end of April, we take over the house and the reality of downsizing will hit us! Emily at JohnJaneDoe wrote about their decluttering project this week. And Mrs. Groovy shared a post about the expenses related to storage units. I’ve called about the prices of storage units already – but I want to avoid the “chump” label too! We decided on something else…more on that soon!
Finally, I want to try to highlight a new blog each week. This week’s new to me blog is Life Zemplified. Amy’s “About page” shares that her blog focuses on helping people “live a healthier, simpler and richer life” through simplifying food, fitness and finances. We’re definitely trying out some recipes – Cajun Sweet Potato fries anyone?