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David K
Honored Nomad
Posts: 65134
Registered: 8-30-2002
Location: San Diego County
Member Is Offline
Mood: Have Baja Fever
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I am 55, and wish I could retire... and just explore and relax in Baja... ! Sure, it would be nice to not have to work, but that isn't in the cards
for me, yet.
I will continue to write about Baja places and Old California history, even after I am no longer installing landscape irrigation, drainage and
lighting.
Being self-employed was wonderful to raise my kids as a single dad, since I could take them to Baja and the desert when they had no school, so they
could connect with nature and the people of Baja.
Bahia las Animas, 2004
I had lunch with my son yesterday (he is now 24) and he wants to go back south and enjoy camping, as I had and we had.
[Edited on 5-23-2013 by David K]
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J.P.
Super Nomad
Posts: 1673
Registered: 7-8-2010
Location: Punta Banda
Member Is Offline
Mood: Easy Does It
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Retirement
I listened to my Mother and Father plot and plan for retirement.
It never happened for them. When I bought my first big boat my father said I needed to wait until I retired to have something like that He never owned
a boat I have had several. The list goes on. The message I learned from them. Do it the first chance you get. If you wait until you have enough you
will never do it . I have learner to make do on what I have and do just fine. 
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Mexitron
Ultra Nomad
Posts: 3397
Registered: 9-21-2003
Location: Fort Worth, Texas
Member Is Offline
Mood: Happy!
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| Quote: | Originally posted by David K
I am 55, and wish I could retire... and just explore and relax in Baja... ! Sure, it would be nice to not have to work, but that isn't in the cards
for me, yet.
I will continue to write about Baja places and Old California history, even after I am no longer installing landscape irrigation, drainage and
lighting.
Being self-employed was wonderful to raise my kids as a single dad, since I could take them to Baja and the desert when they had no school, so they
could connect with nature and the people of Baja.
Bahia las Animas, 2004
I had lunch with my son yesterday (he is now 24) and he wants to go back south and enjoy camping, as I had and we had.
[Edited on 5-23-2013 by David K] |
Maybe we should be investing in some gold-leaf shopping carts
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Osprey
Ultra Nomad
Posts: 3694
Registered: 5-23-2004
Location: Baja Ca. Sur
Member Is Offline
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We need to talk. I retired to this tiny little fishing village from a good job in Las Vegas in 1996.
Have never been back or looked back. Look for the U2U mode of private communication this board gives us in the board banner.
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churro
Nomad
Posts: 195
Registered: 5-6-2013
Member Is Offline
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I just turned 48. I am looking for a sweet spot to buy a lot now in Baja to use as a vacation spot till I can get closer to retirement.... Any advise?
kinda like the Pacific side... I have chased a few lots but I have not been able to purchase because i have not been comfortable with the title or the
lot location
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BajaRat
Super Nomad
Posts: 1303
Registered: 3-2-2010
Location: SW Four Corners / Bahia Asuncion BCS
Member Is Offline
Mood: Ready for some salt water with my Tecate
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Retire now! you owe it to all of us that will have to live vicariously through you guys for now. Make a few course corrections and smooth sailing ahead. In my line of work I watch many people leave this world far
to soon to enjoy their retirement.
With that income you two could tour the planet year round.
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Bob H
Elite Nomad
Posts: 5867
Registered: 8-19-2003
Location: San Diego
Member Is Offline
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Worked hard all my life and lastly at UCSD for around 20 years. Retired in 2005 at the age of 56... pension every month. Now at the age of 63 I am
receiving SS, plus pension and 403(b) from UCSD on top of that... Wife still working... life is great !!!
[Edited on 5-24-2013 by Bob H]
The SAME boiling water that softens the potato hardens the egg. It's about what you are made of NOT the circumstance.
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805gregg
Super Nomad
Posts: 1344
Registered: 5-21-2006
Location: Ojai, Ca
Member Is Offline
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I retired at 62, my wife has a great retirement plan from her job, I get ssi plus my investments in toys, but we own our home no mortgage and no other
outside payments (vacation homes, boat slips etc) we live fine but watch our expenses, I would pay off the house first or sell and down size, who
wants a house payment in retirement?
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3464james
Nomad
Posts: 103
Registered: 8-10-2008
Member Is Offline
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I retired at age 56. My goal was to have everything paid off prior to retirement, did so. My pension netted me $4,600.0 per month., But, I had to
pay for my own medical, approx. $900.0 per month for my wife and myself. Since my wife has always been a stay at home mom, no other income. 401K fell
to the bottom so I cashed it out, turned out to be a god decision. I continued working, buying the boat and slip I wanted, leasing a place in Baja.
BUT, I like being around the grand kids. SO... went back to work, one week a month, and make more then my retirement. SS is a joke with WEP, I would
only only garner $800.0 per month from SS. so I don't bother at this point. I am very concerned about the state of the U.S. economy and the retirement
systems, therefore I will continue to work for the next year or two at least. Your comfort factor is the issue, remember as you get older you will
require more medical services and thus necessitate you obtaining said services in the U.S. of A. Semi-retirement is good too.
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pauldavidmena
Super Nomad
Posts: 1734
Registered: 5-23-2013
Location: Centerville, MA, USA
Member Is Offline
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My wife and I are both in our mid-50s but have different perspectives on retirement. She owns her own business, which has evolved to a point where
she can really be anywhere as long as she has a laptop and an internet connection. I've been in the computer field for over 30 years and can't wait
to get out. Currently our plan is to move to Baja (we're targeting Todos Santos) when I turn 60, for her to continue working and for me to figure out
what to do next.
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sancho
Ultra Nomad
Posts: 2524
Registered: 10-6-2004
Location: OC So Cal
Member Is Offline
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I remember reading about SS and when to take it,
most finincial advisor types say wait until 66 +,
a part that stuck out to me was, if you take a reduced rate
at 62, or the higher rate at 66 or 70, somewhere around
76/77. it all equals out, meaning the TOTAL amount payed
to you is approx the same at that point, that is when you
pull ahead if you waited, another point, which is telling
to me is that the SS system hopes you wait
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CortezBlue
Super Nomad
Posts: 2213
Registered: 11-14-2006
Location: Fenix/San Phelipe
Member Is Offline
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| Quote: | Originally posted by sancho
I remember reading about SS and when to take it,
most finincial advisor types say wait until 66 +,
a part that stuck out to me was, if you take a reduced rate
at 62, or the higher rate at 66 or 70, somewhere around
76/77. it all equals out, meaning the TOTAL amount payed
to you is approx the same at that point, that is when you
pull ahead if you waited, another point, which is telling
to me is that the SS system hopes you wait |
Yep, that is the math challenge!!
So the part of that equation, if you are married, is who makes more on SS?
We have decided to have my wife take here SS at 62, with her pension and what ever we need from our 403B and 401K.
Because my SS is greater, if I croak before her she will get half of my higher amount, whereas if she croaks first, I get nothing. We also put a
$500K life insurance policy on her until she is 75 and she took 100% of her pension. If we would have used the states program and I had survivor
benefits, it would take nearly 50% of her monthly pay, and I would get half that if she dies. The insurance policy cost us about $100 per month,
which is a small percentage of her monthly pension.
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pauldavidmena
Super Nomad
Posts: 1734
Registered: 5-23-2013
Location: Centerville, MA, USA
Member Is Offline
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It seems like retirement in Baja boils down to 2 questions, the first of which applies to retiring anywhere: "will I have enough to live on if I
retire at age X?" The second is probably the subject of another thread: "how will my wife and I deal with healthcare when we retire?"
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