tag:blogger.com,1999:blog-8987409444312360594.post8956085668280532215..comments2024-03-29T09:35:51.374-04:00Comments on Chef Juls Owings: Retirement updateChef Owingshttp://www.blogger.com/profile/02232750876170243171noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-8987409444312360594.post-70556125466346011122018-01-02T23:53:54.283-05:002018-01-02T23:53:54.283-05:00Yes, this is true. Ours comes in on the second We...Yes, this is true. Ours comes in on the second Wednesday.Annehttps://www.blogger.com/profile/14677933410879520343noreply@blogger.comtag:blogger.com,1999:blog-8987409444312360594.post-6257176628815307522018-01-02T01:21:30.379-05:002018-01-02T01:21:30.379-05:00I caught something in your plan for bill paying th...I caught something in your plan for bill paying that caused a problem in mine. Social Security no longer just comes in at the first of the month. They now spread payments through the month. Ours, for example, comes in on the fourth Wednesday.Susannoreply@blogger.comtag:blogger.com,1999:blog-8987409444312360594.post-22651620113893234732018-01-01T23:09:50.967-05:002018-01-01T23:09:50.967-05:00We are with Vanguard and they did 4 hours of the s...We are with Vanguard and they did 4 hours of the seminar we attended. It was very helpful. The idea is that over the long haul the market returns an average of 5% annually so if we pull 4% every year we never run out of money. My husband's previous employer will continue to contribute to his 401K retirement account which is separate until he is full retirement age since he was disabled while he was an employee. That will be $8-10K annually as long as we do not touch it and we have no need to. That came as a sweet surprise when he was terminated last week. Since we are debt free and own our house free and clear we are going to be quite well off once we are both full retirement age but we have several years to go. Another useful thing we learned at the seminar is that after age 62 your SS payment increases every month until full retirement age. We had assumed it was one amount at 62 and then another at 66.5 for us. I also was not clear on the fact that I get 50% of my husband's amount since I do not have enough to draw my own after decades of being at home with the kids. It was all good news!<br /><br />I am familiar with Brandy's blog but I do not comment there. That is how I found you.Lanahttps://www.blogger.com/profile/09380649410508372279noreply@blogger.comtag:blogger.com,1999:blog-8987409444312360594.post-5962865219160031052018-01-01T11:44:24.203-05:002018-01-01T11:44:24.203-05:00Wow, great minds think alike. I have never used an...Wow, great minds think alike. I have never used an advisor and most of our funds are in Vanguard 50/50 fund. Also Brandy's blog is one of my favorites.Annehttps://www.blogger.com/profile/14677933410879520343noreply@blogger.comtag:blogger.com,1999:blog-8987409444312360594.post-14336998536959840952018-01-01T05:30:11.790-05:002018-01-01T05:30:11.790-05:00I read The Prudent Homemaker Blog a lot. Brandy ha...I read The Prudent Homemaker Blog a lot. Brandy has living on less with beauty in her life down pat. We are using Fidelity right now for the 401 K and earing 14%. If I had to do it on my own I would go with Vanguard or Fidelity 50/50 Total market index and total bond index. See if you can find JL Collins book The simple path to wealth. It helped me <br /><br />We planned on the 401K buying a house, a truck and car and paying the medical ins for 3 yrs until SS could kick in... we did not realize that Hubby actually still had a pension also, we thought it rolled over into the 401K when they changed the retirement plan. SO it was never counted on... good for us as it is going to sit. Might use it instead of SS and let that set until we are full benefits in that area.Chef Owingshttps://www.blogger.com/profile/02232750876170243171noreply@blogger.comtag:blogger.com,1999:blog-8987409444312360594.post-69843393319497719842018-01-01T05:22:44.549-05:002018-01-01T05:22:44.549-05:00still in process. Contractor doing the work for th...still in process. Contractor doing the work for the FHA 203k loan was waiting on the HVAC contractor to resubmit his paperwork because he was going to put a vent right infront of the patio door we will be putting in. He didn't get the memo about the door but our main guy did catch it BEFORE it went to underwriters. Our mortgage guy is hoping by the end of this week as everything went to a stand still over Christmas break. Owners of house are Motivated to sell as they have already moved out.Chef Owingshttps://www.blogger.com/profile/02232750876170243171noreply@blogger.comtag:blogger.com,1999:blog-8987409444312360594.post-8173543739427064402017-12-31T20:32:59.505-05:002017-12-31T20:32:59.505-05:00We are in the same boat of learning how to live on...We are in the same boat of learning how to live on less and what we need and how much for what. We have lived on a monthly budget and only getting paid monthly for so many years that it is normal. The date that we get the disability check varies by as much as 8 days each month which is crazy but I begin to use it on the first of the month so it is okay. We will begin to draw from the 401k in February. The retirement seminar that we attended in the fall was so helpful. Since our investments average 5% annual return we will pull 4% out each year and never touch the principal. We will never run out of money that way. Peace. Of. Mind.!Lanahttps://www.blogger.com/profile/09380649410508372279noreply@blogger.comtag:blogger.com,1999:blog-8987409444312360594.post-41579941557083134892017-12-31T13:15:21.807-05:002017-12-31T13:15:21.807-05:00Did you decide to buy the house that had no plumbi...Did you decide to buy the house that had no plumbing or electricity? If you did, my hat is off to you, and I hope you got it cheap. :DAnnehttps://www.blogger.com/profile/14677933410879520343noreply@blogger.com