Category: Retirement Planning

Play. Play nice.

Lots of people out there seem to have ambitious goals for the year, but I’m keeping it simple:

Play. Play nice.

I’ve heard people say retirement evolves over the years. So far, I would say that’s true. I spent the first year happy to sleep late, and now I can’t wait to wake up and play Wordle.

We had a solid financial plan, but I worried about money in the beginning. Perhaps it was just the newness of not having a steady income, but I’m over it. With a conservative investment portfolio, I don’t even care much about what happens in the stock market.

Art was something I discovered after I retired, but everything else is about the same only more so. As I enter my fifth year of retirement, I find myself doing what comes naturally … digging deeper into the things that give me pleasure. Golf. Walk. Swim. Cook. Eat well.

Cooking is an obsession. I had a whim this week that I would like to make crepes. I’ve had a few here and there over the years, but they haven’t been high on my yum list. I’ve certainly never made them myself. But for some mysterious reason, crepes came calling.

As it turns out, we have a crepe cookbook, circa 1976. We have a lot of old cookbooks, and it’s fun to try vintage recipes. While I did use a recipe from the cookbook for the filling, I turned to Serious Eats for the basic crepe batter. I made them in a regular 10-inch nonstick pan.

After making the batter and preheating the pan, I poured a few tablespoons of the batter in, swirled the pan around and cooked them until lightly golden on one side and then just done on the other. I stacked them on a plate, covered it in plastic wrap and let them sit in the refrigerator until I was ready to make the filling.

I love when a major step in a recipe can be done ahead.

The filling was scallops, green onion and mushrooms in a wine cream sauce. I used a sheet pan and laid a crepe flat, filling one side and then folding over like a quesadilla. The top was sprinkled with grated Gruyère cheese and then baked in the oven at 350 degrees until the cheese was melted. I served them with steamed asparagus on the side.

All I can say is wow. Where have these been all my life? I was so excited I forgot to take a picture. Anyway, I can imagine so many things that would make excellent crepes. I’m more interested in savory than I am sweet.

Drilling down into the things I like to do anyway helped me realize I don’t need a LinkedIn account. My profile has been static since I’m not working anymore and don’t intend to. But I’ve left it there anyway, mostly out of inertia, but partially because I like seeing what former colleagues are up to.

Lately I’ve noticed LinkedIn has become a lot like Facebook, which I abandoned years ago. My LinkedIn feed is increasingly full of political messages, family stories, sexy graduation pictures. There was even a post about someone’s stillborn baby.

On one hand, maybe this is what they mean when they say bring your full self to work, but if people think blurring the lines between home and work will lead to a happier life, they might be in for a rude awakening.

I don’t know what’s posted on LinkedIn today, because I closed my account. Just like that. Interestingly enough, as I shut down one source of online connections, I’ve amplified my efforts to connect with  people I meet face-to-face, mostly on the golf course. We already share a love of golf, correct?

With a little effort to be friendlier and more approachable, I discovered a fellow golfer shares my cooking obsession. I gave her some of Dale’s homemade scorpion pepper salsa in exchange for a jar of her homemade marmalade. That led to an invitation to join a group playing at a celebrated course down the road a piece. It’s just a day trip, but this will be my first out-of-town adventure since the pandemic. I’m kind of excited.

Play. Play nice. Just might be something to it.

About that 401K …

Our kitchen remodeling project is behind schedule, but they finish up today, so everything should be good to go for Thanksgiving. We have missed cooking so much and can’t wait to crank it up again.

Of course, we’re going to have a nicer kitchen, but being miserable for close to five weeks motivated us to get serious about having fun. We are out of practice.

Dale and I don’t have a big urge to travel, especially long trips by air, and COVID did nothing to change our minds. Still, we’re feeling confident we can scoot around California with moderate risk. There are so many beautiful places to see here, and we’ve done a whole lot of nothing for two years.

As it is with kitchens and travel, everything costs money. I’ll start collecting Social Security in December, and that should help fund some adventures. Additionally, we’re starting to talk about monthly withdrawals from what used to be my 401K but is now an IRA.

Although I was good at building a solid 401K, I’m less skilled when I think about draining it. I have found it difficult to make the mental switch from saving to spending. However, I may be ready. Not too many people in my family die of old age, so I’d like to enjoy what’s there.

We talked with Bob, our financial planner, and he encouraged us to get started … operating under the theory you can’t take it with you. Bob suggested we go with 4-5 percent. Ideally, your returns match or outpace withdrawals, so you don’t touch your principal. But with this market, who knows?

As a childless couple, we do want to spend our principal … just not all at once. I like the idea of “die broke.” However, I would like to avoid being alive and broke. But if that’s how it goes down, hell, yes, I would take it.

My car is 11 years old and in good shape, but I see a new one on the horizon. So, it will be good to start socking away cash for that purchase. I’m hoping my car goes another couple of years so I can see how the electric market shakes out. I’d like to go electric or plug-in hybrid. Any recommendations?

The biggest hurdle is getting over a bad case of COVID caution. Breakthrough infections notwithstanding, we’re both fully vaccinated and boosted and will most likely be just fine. We can’t live in fear forever.

The Great Resignation

Have you been reading about The Great Resignation? Droves of people are quitting their jobs, much of it as a result of the pandemic. While lots of factors play into their decisions, including child care challenges, it sounds like workers have discovered the joys of a slower pace and aren’t going back until they find something with more balance.

You’ll notice I didn’t say work-life balance. In one job, I wrote talking points for the president of the company about his efforts to change the culture of the workplace. He asked me to “socialize” them with other executives, and one VP took issue with the term work-life balance. He said, and I quote, “Work is life.”

As for resigning, we get it, don’t we? One of the reasons I retired earlyish is because the rat race was wearing me out, too. But I was 62, and my husband and I had enough money saved to presumably last the rest of our lives. These are young people gambling with their futures … holding out until employers bend.

I’ve never understood why 40 hours a week isn’t enough. In my last job, you were expected to put in at least 50, preferably more. My boss had some sort of document readily accessible on her smartphone that could instantly tell her who was putting in the most unpaid overtime … and who wasn’t.

She would check on weekends to see if your Instant Messenger light was green, which usually meant you were online and working.

Granted, I was highly compensated, but my hourly rate was down there with fast food. Not really, but you like to think you’re paid more because you bring extra value, not because you are willing to give up having a life outside of work.

Fast food reminds me of a funny story.

We had just returned from working abroad, and I interviewed for a job at an insurance company in Columbia, S.C. They made an offer, and I countered.

I made more money than that at my last job working in Egypt.

Well, that was overseas. You can’t compare us to overseas.

I made more money than that when I lived in Alabama.

Well, that was aerospace. You can’t compare us to aerospace.

I accepted the job anyway, but when I later told the story to a coworker, he said his response would have been:

I made more money than that when I worked at Captain D’s.

Well, that was fast food. You can’t compare us to fast food.

That story still makes me laugh.

Anyway, I want the workers to find their bliss, but I can’t say I have much hope. I suspect they’ll enjoy some time off, run out of money and once again be at the mercy of the man.

It’s a tough predicament, and I have no love left for what’s become of the workplace, but I have some amazing memories and am still exceedingly grateful for all my experiences.

And the money. Oh, and retirement. Definitely retirement.

We’re from the government, and we’re here to help

Ralph, my indoor cannabis plant, complete with cat-proof fencing.

I turned 66 in September, and my Full Retirement Age for Social Security is 66 and two months. After much great discussion right here on this very blog, I decided to file for benefits.

It was easy to do online, however, I wasn’t sure how they calculated the month of November. I didn’t want to mess this up, so I adjusted the timing to be sure I was absolutely positively Full Retirement Age and opted to receive my first payment in January.

Imagine my surprise when the phone rang, and it was a most pleasant woman from the Social Security Administration. She asked why I chose January. I explained my paranoia and said I figured January would ensure I didn’t have money deducted because I filed too soon.

She laughed and said this happens all the time, and that’s why she was calling. If I reach Full Retirement Age anytime in November, I could get my first check in December. Deal! She made the adjustment, and now I’m good to go.

I have to admit, I was reminded of my working days when suited-up people arrived in the hinterlands and said, “Hi, we’re from Corporate, and we’re here to help.”

But this time it was the government, and it appears to be true.

Thanksgiving

I’m not sure what Thanksgiving is going to look like this year. We’re getting new cabinet faces in the kitchen and a new countertop, and then all new flooring downstairs. Our contractor was supposed to start in September, but now he’s scheduled to start next week. I figure this could run into November or even later.

Oh, well. We can always celebrate on a different day. Even with just the two of us, celebration means cooking. We do a big turkey and eventually eat every last bite of it. Some gets made into delicious leftovers and a whole breast goes into the freezer.

Dessert is the big question. Last year I made a command decision and went with pumpkin cheesecake. We both loved it, but Dale likes apple pie, and I figure it’s his turn to choose. I could probably tell the story of my life through apple pie – moderate success, excruciating failures. Bad crust, ill temper.

All my recipes have notes about what worked, what didn’t. It would seem I could get this right. This year, I’m going to gather my recipes and create a new one. Danger, danger, Will Robinson.

You may recall I bought a steel pie pan recently. One might trot that out for apple pie, however, the pan sucked. I thought the corrugated bottom would increase crispiness, but I found it did quite the opposite. Some parts didn’t connect with the steel, and they remained soggy.

One pie made me so mad, I just threw the whole thing away, pan and all. Now, it’s just me and my Pyrex. As it was meant to be.

The year of the osis

For me, this has been the year of the osis. Osteoporosis, spinal stenosis. While I do have some lower back pain, it’s not really in my back, more like in my buttocks. And it’s actually quite manageable. I still swim, walk, play golf and do weights. Sitting is the worst.

I did visit a pain management specialist upon the recommendation of my primary care physician, and it was pretty much a waste of time. She showed me the MRI results and basically guessed spinal stenosis is causing my pain. Because there has to be some explanation, right?

Steroid injections are an option, but I declined. It’s just not that bad, and she said it might not work and even if it does, the benefits don’t last all that long. A little short of sales skills. She was amazed I do all I do with the degree of stenosis she saw on the MRI. Which tells me maybe that’s not the cause.

Presumably, the human back hasn’t changed much in at least 500 years. And we didn’t always have MRIs to point the finger. People didn’t know what they didn’t know, and somehow, they managed to plod on, osis notwithstanding.

Cat-proofing cannabis

Finally, in the continuing adventures of a gentlewoman cannabis farmer, our cat, Riley, discovered the joys of destruction and killed my last seedling. There’s no THC in it at that point, so it’s not like he’s a kitty stoner. He just liked digging up the young plant and chomping on it.

Many thanks to Dale, who built me a cat-proof fence. Now, Riley sits there and stares at it. Weeping, one kitty tear at a time. How. Could. This. Happen.

We actually have two plants. Our outdoor plant, Steve, didn’t get enough sun and barely grew. However, there are a couple of nice buds, which are about ready for harvest. Next year, I will grow my outdoor plant in a container and put it where there’s lots of sun.

My indoor plant, Ralph, is coming along nicely with his new protective barrier. His power comes from a south-facing window and a 450-watt LED grow light.

I actually don’t use much cannabis, except for my homemade balm, but I enjoy the challenge of growing it. It’s a harmless (and in many places legal) retirement hobby for those of us who aren’t much into travel. You can always stay home with your plant and your Pyrex.

If you’re at all interested, I got started with a kit from A Pot for Pot. Easy and cost-effective. My best indoor plant yielded 30 grams, which is a nice little stash of weed, if one is so inclined.

Wishful thinking

Full Retirement Age

My birthday is this month, and I will be 66. My full retirement age for Social Security is 66 and two months. I had been planning to start receiving my monthly payments as soon as I reached full retirement age and was excited about the prospect of a paycheck, but now I’m having second thoughts.

Some financial experts suggest it’s smarter to start withdrawing from your IRA and hold off on Social Security until you reach age 70. According to this NY Times article, living on retirement savings in the early years and holding off on collecting benefits is likely to increase monthly income over a lifetime.

There’s also a discussion about marginal tax rates and provisional income if math is your jam, but I’m a journalism major. No can do.

If I wait until I’m 70, my monthly checks would go up by about $800. It sounds nice, but I’m not sure it’s worth waiting for. With my husband’s military pension and our savings, we are not dependent on Social Security, so I’m inclined to skip all the analysis and just go with what feels right.

I suppose I’ll chat with our financial planner before making my final decision. What variables have you considered as you make this choice?

Sugarfest 2021

In other news, I’ve decided to bake my own birthday cake. I’m going to make the three-layer coconut cake from Sally’s Baking Addiction. Everything about it is totally decadent. Even the buttercream roses on the top are insanely me. The more frosting the better.

However, I watched the video for how to make the roses, and I don’t think I can pull it off. I have some Russian piping tips my sister gave me, and those look easier. I will be watching lots of YouTube videos to build my confidence. Here’s a sample.

While we’re on the subject of baking, I spent a lot of time indoors last week due to the air quality, so I decided to make cookies decorated with royal icing. I have quite the collection of cookie cutters and other paraphernalia.

I haven’t made them in a couple of years, mostly because my wrists were sore the last time I made them, and I wondered if I would even try again. However, my wrists have improved, so I went for it. My lack of practice shows. The icing on the chili pepper is too thick and lumped up in places, and the icing was a little sloppy at the bottom of the ladybug.

Imperfect but cute and delicious. Not a bad thing to be. By the way, I made chocolate dough and added a teaspoon of espresso powder. Next time I’d use a little more. You can’t taste the coffee, but somehow it makes the chocolate taste better. We keep them in the freezer, which helps with portion control!

Golf Giveth and Golf Taketh Away

Yesterday I played golf in what is called an alternate shot tournament. I had a partner, and we took turns teeing off. One of us on odd-numbered holes, and the other on even-numbered holes. Then we took alternate shots until the ball was holed.

On number six, my partner teed off. The shot was plenty long enough but in the left rough. We were still 140 yards out, and it was my turn.

I hit a 7-wood, and we watched it fly toward the green. She thought it got stuck in some thick grass in front of the green, and I thought it hit the green and rolled past the hole. When we got up there, she went one way, and I went the other, and we didn’t see it. I jokingly said, maybe it’s in the hole.

And it was!! So, we had an eagle 2 on a par 4. We would go on to completely fall apart on the back nine, but I will remember that shot for a long time.

Wishful Thinking

I’m feeling hopeful that maybe we are turning the corner on COVID. I mean, not everywhere, but maybe some places? I read today 80 percent of eligible Californians are at least partially vaccinated. In my zip code, about 80 percent are fully vaccinated and another 10 percent have one shot.

That said, our numbers are still terrible. Cases per 10,000 people approaching 40 percent in our county. Yet, there are some case rates in the hundreds, so I guess it’s all comparative. I am shocked by how many people go out and about as though the virus doesn’t exist.

I do wonder if the virus will run out of people to infect. Or maybe Delta will run its course and the virus will subside, transitioning to something more like the seasonal flu. I have no basis for these comments. Perhaps nothing more than wishful thinking.

But you know what? There’s something to be said for wishful thinking. I have been on both sides of the attitude spectrum, and nothing good ever happened when I thought the glass was half-empty.

Assessing your retirement

A lovely cloud formation above the hills behind our house … a scene I would not have even noticed when I was working.

Have you taken stock of your retirement to see what, if anything, you might want to change? Retirement is definitely a journey, so I paused to reflect on where I started. Since I don’t know where I’m going, we’ll skip the whole destination thing, which is overrated anyway.

In it to win it

A few years before I retired, I wasn’t even thinking about retirement. Although I didn’t find my job particularly satisfying, I was in it to win it and figured I’d be the last man standing. The hero at the end who turns off the lights.

The cumulative effects of life pushed me in the other direction. I was paid quite well, but the expectations were ridiculous. In some ways, I didn’t mind, because I figured that’s what it takes to make that kind of money. Not bad for a kid who grew up with a dad who didn’t work much and a mom who worked for minimum wage.

I told myself, I can do this! If you learn to manage it, the stress of a high-pressure job beats the stress of living from paycheck to paycheck. I like to think I managed it well, but after being diagnosed with cancer for the second time, I began to question my choices.

How much is enough?

With no kids, my husband’s pension and healthy retirement savings, it became a question of how much is enough? I created a spreadsheet that mapped out cash flow for years to come, and it looked good to me. We met with a financial advisor because I am a journalism major and can’t do math.

He confirmed my numbers and agreed it all looked fine. Still, he said, it wouldn’t hurt to work a few more years. Cushion, he said. Then he talked about medical expenses, possibly the biggest financial risk if retiring before qualifying for Medicare.

Dale is retired military, so I was covered by Tricare until I reached age 65, and then Tricare would be my secondary after Medicare. The financial guy called it the gold standard. And yet, he said, it wouldn’t hurt to work a few more years.

Then I mentioned cancer. Twice. That stopped him in his tracks. Retire, he said, you will never regret it.

Although the rational side of my brain accepted the financial advisor’s recommendation, the emotional part of my brain still wasn’t sure. Then a chance encounter helped me turn the corner. Sometimes all the good reasons in the world don’t matter until something stabs at your heart.

A chance encounter

I went to play golf as a single and got paired with a woman in her 50s. Fit, healthy, happy, she looked great, played great. I asked what she did for a living, and she said, “I don’t work anymore.”

Well, hello there, tell me more!

It turns out she had a high-stress job that involved a lot of travel. She was eating poorly, not exercising, 15 pounds overweight and feeling terrible. The job paid well, but it sucked her soul. One night, after assessing her finances, she realized she was spending money just because she had it. And that habit fed a vicious cycle of working more and more to pay for stuff she didn’t need anyway.

In spite of frivolous spending, she managed to save well and had a solid nest egg. She thought, all I have to do is change the way I live, and I’ll never have to work again. I can still hear the resolve in her voice, the way she said, “I’ll never have to work again.”

That woman’s story spoke to me like nothing else had. That’s when I knew I was done.

Is that all there is?

All in all, I’m where I want to be on this road to nowhere. No mortgage, and we’re in good shape financially. I feel busy but not too busy. I play golf, walk, swim, lift weights, cook, read, write, watch TV, listen to music, make art and grow cannabis.

Now that we’re fully vaccinated and the pandemic seems to be waning, we’re about to embark on our first camping trip in quite some time. I’m not up for flying anywhere just yet, but I can see some road trips in our future. We live near world-class wineries and enjoy tasting.

I don’t think I could have planned a better retirement, and yet lately I feel something is missing. Perhaps more social interaction? I’m terrible at mixing and mingling and usually can’t wait for it to be over. I never imagined I would take up art, but now I kind of wonder why it took so long. Hours alone, just me and the voices in my head slaving over some dot of color – it’s perfect.

A sense of accomplishment? That used to bother me, but I’ve changed my self-talk and decided I’m just fine without adding more feathers to my cap. Granted, this one is a moving target, as I continue to struggle with the urge to beat myself up for being just average.

Purpose? I don’t want a job, but I have some core skills, and I do like to help. By now you’re all saying, volunteer! While I suppose that’s the answer, I’ve avoided it because it’s one more intrusion into my otherwise quiet life.

We’ll have to see how this rolls out. Is this a gap worth further exploration or just a turn of mood that will evaporate as mysteriously as it arrived? Either way, I highly recommend stopping to assess your retirement journey.

What’s good? What’s missing? We may not have to work anymore, but let’s make sure retirement is working for us!

Learning to jump

It’s hard to process what has been happening. I have few words. Earlier in the week, I had something all written up about Trump’s call to Georgia’s Secretary of State, thinking that was the new low. I thought, this is what crazy sounds like. Before I could hit publish, there was another new low.

Looks like a race to the bottom. And now we know what crazy looks like.

And so, I try to stay calm. I was never good at meditation. I tried when I was first diagnosed with cancer 21 years ago, but I always fell asleep! Several years ago, I found a free app with guided meditations and used to do them on the bus as I commuted to work. I pulled up the app yesterday and did a 20-minute session.

The guided meditation helped. The one I use is called Sattva. Although, I confess, a few naps have been equally satisfying. Just another way to tune out.

In the midst of all this, my sister-in-law reports her sister is no longer speaking to her because of a row they had over Trump. What a coincidence! My sister is not speaking to me because I was rude when she called to warn me accidents and illnesses are befalling everyone she knows.

Dale is still speaking to me, but he blocked Nancy Pelosi.

Blog anniversary

This week marks three years since I started Retirement Confidential. In the beginning, I had a little freelance gig lined up with a former colleague who owns her own consulting business and thought I would expand that over time. But then she unexpectedly dropped me like a hot potato, and I realized I was done working for other people anyway.

My biggest motivator was always money, and it took some time for me to stop worrying too much about it. I collaborated with our financial planner, and we agreed we had enough saved to fund our retirement (coupled with Dale’s pension and Social Security). We have a conservative portfolio that under normal conditions helps us sleep at night.

A pandemic and attempted coup kind of messes with sleep. However, we are hopeful the money will last.

Once I stopped worrying about cash flow, it’s surprising how quickly I lost my desire to do much more than entertain myself with simple pleasures. Retirement is great! I enjoy writing about the journey, and I love hearing your stories.

I’m not sure where the road will take us. It’s one hurdle after another, but I’m learning to jump. Aside from the current drama, perhaps a good goal is to enjoy a long and healthy life doing the things that bring us happiness.

Haircuts by husband

Haircuts by husband … better than you expected!

It has been a suck-ass year, but I’m still happy to be retired. I always said I could deal with the stress of a job better than I could deal with the stress of living paycheck-to-paycheck or with no paycheck at all. Not having enough money was a huge family dynamic in my childhood, so I’m sure that’s one of the reasons I hung in there even through some miserable job experiences.

Early on I believed all that crap about finding your passion … which I simply could not find at work. Then I read a book that said don’t worry about passion. The key is to be really good at what you do and always go for the most money if it’s ethical, moral, legal, etc.

Worked for me. I quit expecting a job to make me happy and just tried to do the absolute best job possible so they would value my contributions and pay me more. Although that didn’t add up to early retirement for me, I was 62 and call it earlyish.  

I’m glad I don’t have job worries on top of everything else during this pandemic. My neighbor is a widow with three children. She has been working from home but was asked to come in for a meeting where no one wears masks. After a sleepless night of worry, she said no. She still has her job, so there!

My neighbor has a big fat skunk stripe on top of her head – letting the gray grow in as we avoid salons, which are about to close again anyway. She said she was inspired by my hair. I think she’s in her 50s, about the same age I was when I accepted my hair fate.

Although I was pleased with the compliment, it was undeserved, since my hair has been looking so dreadful lately. My hair is fine and looks pretty bad when it gets too long. And it was way overgrown, but I was afraid to cut off more than just the ends.

This week I manned up and went for it. Using the signature pigtail technique, I cut nearly two inches off. It looked great from the front, but it was crooked in the back. I asked Dale if he would feel comfortable trying to even it up, and he said yes.

I have to confess, it was scary. But he did a fantastic job. Not perfect but perfect enough for me. Seriously, I feel like a new person. Now I’m thinking I may never go back to the salon. Of course, Dale, ever the tool nerd, said if he’s going to do it again, he’ll need better scissors. Maybe Santa will bring him some.

I wish I could get him to do my toes.

In other news:

Although I have absolutely no interest in chess, I watched The Queen’s Gambit and loved it!

The turkey has been consumed or frozen. All in all, we had cold turkey sandwiches, hot turkey sandwiches, turkey enchiladas, turkey soup and miniature turkey pot pies. I made three mini-pies and froze them.

As for the enchiladas, I make tortillas all the time, but I have never used homemade tortillas in enchiladas. Not much else going on, so I said, why not? Fantastic. There’s no turning back. The taste and texture of the homemade tortillas is worth the trouble.

My favorite quote of the week is an older one attributed to playwright Richard Greenberg:

Money doesn’t buy you happiness, but it does upgrade despair.

Year of the jammies

Cute work clothes with nowhere to go.

No matter how this shakes out, I’m thinking the pandemic is going to have a big impact on retirees and future retirees. I’m a happy homebody with enough interests to amuse me for years to come and savings that can withstand a recession. I consider myself lucky.

The pandemic offered a sneak peek at what it’s like to spend more time at home. But COVID is not a frolicking gap year. You’ve got fear, sickness, death, loss, boredom, home schooling, aging parents, family squabbles, childcare and financial stress. For a lot of people, it’s like getting hit with a Sharknado, and their response is, Oh Hell No!

I’ll bet a lot of people who used to dream about retirement can’t wait to get back to work. Or their savings have taken a tough hit, and they need to get back to work. And then I wonder if the pandemic experience will drive them to stay on the job even longer and avoid retirement, not only to fatten up the finances but also to maintain six degrees of separation from all thing homey.

There’s something to be said for staying in the workforce. It’s that whole identity thing. I’m post-identity, livin’ the jammie lifestyle, but there was a time when one of life’s curveballs changed my connection to work. I was only 43 the first time I got cancer, and I was stuck in a boring job with no growth potential.

Once I recovered from cancer, I vowed to put everything into finding a new job so I could achieve my professional dreams. It took me five years of steady job-hunting, but I did it. And when I found that new job, a door opened and then another and then another. That one move led to a successful career I was proud of.

Then I got cancer again. By this time, I was in my late 50s. And this time I started to think about another way of life with less stress. Did I want to spend my precious time on Earth working for the man, or could I cut the electronic leash and learn to enjoy life’s simple pleasures?

I had a hard time coming to grips with my decision because it seemed so alien not to work and be totally focused on my career, but I decided to retire at age 62. Not exactly early retirement but earlier than I ever imagined. Three years later, I’m so happy I made the leap.

Illness definitely affected my professional timetable. My first bout of cancer woke me up to get serious about work, and my second bout woke me up to get serious about life. Perhaps the pandemic is another turning point – what will we do differently as a result of this experience?

As for me, I have a hard time making friends, and the pandemic enabled me to stay distant in every way! I’m looking forward to becoming more sociable. I’ve said that before, but this time it feels real.

With so much alone time, I’ve learned I can go long periods without talking. I’ve always been such a blabbermouth, and I like this quieter side. Perhaps this new-found skill of talking less will teach me to listen more – and that will build on my goal to become a better friend.

The only other thing I thought of it is some sort of volunteer job. I’d like to contribute in some way beyond charitable giving, but my motives aren’t totally pure. I have a closet full of cute work outfits that haven’t seen the light of day, and after a year in jammies and workout clothes, I thought it would be good to get dressed up once a week.

Then again, I might just donate the clothes.

Charitable giving after the paychecks stop

Happy holidays to all!

While we’re feeling clean, warm, well-fed, happy, fortunate and generous, I thought I’d take a moment to talk about charitable contributions. When we were working, many of us contributed to charities through workplace payroll deduction programs. I always did.

But I confess … when I retired and the paychecks stopped, I should have found another way to contribute to charities, and I didn’t.

I’m back. This year, I chose to support the local food bank. I did my research on Charity Navigator, which is a great tool for helping us evaluate charitable organizations. Will they spend my money wisely?

For example, I was torn between a food bank in the county where I live and a food bank in the greater metropolitan area. My local food bank scored average on financials but had a rather poor showing on accountability and transparency.

The metro food bank had good scores. I went to the website, where I learned they provide other human services such as clothing and legal support for immigrants. That appealed to me, so I donated online and was emailed a receipt. The contribution is tax-deductible.

Lots of people have charitable contributions baked into their lifestyle through church or other service organizations. If you’re like me and counted on payroll deduction, retirement is the time to take the next step.

Find something that matters to you and do a little research before you give because there are charities that sound reputable but aren’t. Decide what you can afford to give and build it into your retirement planning.

The deadline to claim a tax deduction for 2019 is Dec. 31, 2019. While giving is from the heart and not about taxes, it’s no shame to claim the deduction. I think of it as a little extra bonus for doing the right thing.

NOTE: Please read the comment from Dave about tax deductions. A great clarification and heads-up!