tag:blogger.com,1999:blog-5601819916630680133.post6220386004613558803..comments2024-01-23T23:07:00.959-08:00Comments on GRACEful Retirement: Weathering the Market During RetirementGrace.http://www.blogger.com/profile/03557395027685855901noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-5601819916630680133.post-54726266008466747122010-07-04T06:19:18.518-07:002010-07-04T06:19:18.518-07:00How you find ideas for articles, I am always lack ...How you find ideas for articles, I am always lack of new ideas for articles. Some tips would be greatAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5601819916630680133.post-11215553204715932452009-06-02T19:38:20.515-07:002009-06-02T19:38:20.515-07:00I'm surprised that a reverse mortgage was not ...I'm surprised that a reverse mortgage was not brought up. If their home is worth 900k, and they took a reverse mortgage for 450k, they would have a lump sum of 425k or so. Invested conservatively in index stock and bond funds, that would give them additional income of 16k annually. No mortgage payments, no need to move.Petunia 100https://www.blogger.com/profile/11419094642410711334noreply@blogger.comtag:blogger.com,1999:blog-5601819916630680133.post-64633430191875504452009-06-02T10:15:04.087-07:002009-06-02T10:15:04.087-07:00These people have no earthly idea how vulnerable t...These people have no earthly idea how vulnerable they are. <br /><br />"If we had to, we would go back to work," Jessica said. "But the thought of being accountable every Tuesday, Wednesday and Thursday at 10 a.m. has become unappealing."<br /><br />I wish them good luck in finding someone to hire them at 63 and 59. Do they think they can just waltz back into their previous jobs and income??<br /><br />As for the house, Long Beach is a very pricey area and unless they were willing to move to a lower cost of living area, they are probably just as well to stay where they are especially if the house is paid off.<br /><br />I don't think that cutting out their big vacation trip last year and this year and rearranging their savings will be enough. IMHO.Florencehttps://www.blogger.com/profile/01157294752967287405noreply@blogger.comtag:blogger.com,1999:blog-5601819916630680133.post-25762708215669672272009-06-01T13:36:37.904-07:002009-06-01T13:36:37.904-07:00Really? You think it's OK to keep a million dolla...Really? You think it's OK to keep a million dollar family home?<br /><br />Surely you can downgrade from a million dollar home anywhere, even California.DogAteMyFinanceshttps://www.blogger.com/profile/02571124283388079010noreply@blogger.comtag:blogger.com,1999:blog-5601819916630680133.post-67347890157080239282009-06-01T06:00:39.129-07:002009-06-01T06:00:39.129-07:00I read this too. I thought $7,200.00 was a great ...I read this too. I thought $7,200.00 was a great income, and it didn't include the wife's ss. I hope when we get to retirement, I won't need to sell my house so that I will be able to eat, if necessary. Guess I'll be working for another 25 years....Sharonhttps://www.blogger.com/profile/13940623529019637336noreply@blogger.comtag:blogger.com,1999:blog-5601819916630680133.post-46632238225207545352009-05-31T20:14:19.259-07:002009-05-31T20:14:19.259-07:00I read their stories. It's a classic example on h...I read their stories. It's a classic example on how people just don't/can't face reality. The economy has changed, ain't coming back like it was before and all of us must change with it. Failure to do so will leave them high and dry and possibly returning to the 9-5 grind. Good luck with that one!<br /><br />They don't want to give up the $900K house, they have an equity line of credit to fund their extravagant vacations, their in credit card hoc and are giving $$ to their 2 single parent, unemployed children. Duh?<br /><br />I thought I was bad. I woke up 8 years ago. They think they can sell their house any time they feel like it. Uh huh.<br /><br />I'm already in laddered CD's and am holding several of the same bonds as the adviser recommended and I'm not a financial wizard. Plus I downsized at the top of the market. Not the bottom.<br /><br />Oh well.<br /><br />Live and learn.Anonymousnoreply@blogger.com