The personal finance blog for Life Balance

About a year or so ago, I heard about a device for the laundry room that connects to the washing machine and prevents the need for laundry detergent. It adds oxygen (ozonates?) the water and that naturally cleans the clothes. I was skeptical (and am still since I don’t know anyone personally who has one) but I was intrigued too. How awesome if it works!

Given that we’re remodeling the laundry with the kitchen, I thought this would be a good time to try it. If it’s difficult to install, I’ve already got someone installing appliances so it's okay. I’ve made the purchase. It was about $400 so it could pay for itself in few years. We’ll see.

You can see it on Amazon if you search EcoWasher.

Has anyone here used one of these or heard accounts from someone who did?

Big changes this week and though there’s a long way to go, it’s nice to see things taking shape.

The work that was done this week:

++ The dumpster was picked up at the very end so half the driveway is back in business

++ The unpleasant surprise (sewage pipe) discovered last week was resolved. The plumbing is rerouted to be in the adjacent wall and that opened up the area since the remnants of the partition wall are gone now.

++ Most but not all of the electrical wiring was done. In many areas the walls are opened so the inspector can approve the new wiring before it’s covered up. The recessed lights were installed.

++ New plumbing was added (rerouted) for the kitchen sink, which will be on a peninsula now, and the laundry sink. Like the electrical, it’s open and visible for inspection.

++ The kitchen cabinets were installed except the damaged one. The contractor took the doors off of it since they’re fine and the cabinet company is sending a new cabinet. The laundry cabinets are still in the garage. The contractor wants to get the kitchen finished so we can use it and then focus on the laundry room.

++ The laundry sink arrived though it won’t be used for a while.

I didn’t realize that dishwashers don’t have a cabinet. I thought that since refrigerators did that dishwashers would too. The contractor gave me a funny look when I asked!

The challenge of the week was accommodating the oven stack I want with the oven cabinet. The cabinet is made to be somewhat modified to accommodate different oven configurations but after measuring and researching ovens brands & types, I couldn’t get it to accommodate the configuration that I want. The distance from the bottom of the top cabinet to the top of the lower drawer was about 50” and I needed at least 53” for a microwave-oven-warming drawer configuration of any brand. DH suggested that I give up the warming drawer. Gasp! I should mention that our former kitchen had a self-contained stove/oven so just having them built-in is an upgrade for us. But I did have my heart set on something like this:

When we entertain, that’s when a warming drawer would be nice.

After talking with the contractor, we came up with an acceptable solution. He is going to modify the cabinet to move the bottom of the top cabinet up 6”. That’ll be enough to fit in the three appliances. That means that I’ll need cabinet doors that are 18” tall instead of the 24” ones that are there now. It would be nice if the cabinet company would swap them but they may not do that so I may have to purchase 2 doors. Ugh.

I think it’ll look nicer with 18” doors since that will line up with the 18” tall cabinet above the refrigerator.

I shared photos earlier of our makeshift kitchen in the dining room. It’s working okay because we know it’s temporary. Plates, bowls, cups, and utensils are disposable but we still generate dishes to wash with measuring cups, cooking utensils, mixing bowls, food processor container, crockpot, etc. Since there is no sink available (The laundry AND kitchen are included in the reno.), I set up a dish-washing station outside. I found the used countertop at the BuildIt store when I donated the old laundry door. Unfortunately, there was no part of our old countertop that would fit on top of the metal bar thing.

We take our clothes to a local laundromat for washing and for my non-towel items, I prefer to dry them on a line at home, weather permitting.

When I hear grumbling, I point out that we’ll appreciate the new kitchen & laundry that much more!

Good progress was made this week.

+ The dumpster arrived and was set up. It was bigger than anticipated since the smaller ones were all rented. So, I took on the additional task of rid of anything we planned to trash.

+ The cabinets were delivered and stacked inside our garage like hay bales.

+ The plastic ‘wall’ with the zipper door was installed.

+ The demolition was completed. This included cabinets, appliances, an island, and two partition walls.

+ The cabinet boxes were each opened and evaluated for accuracy and damage.

+ The wall behind the new stove location and the wall extending between the kitchen and laundry were framed up.

+ I selected the kitchen sink, stovetop, and water ozonator.

This week also included two unpleasant surprises.

The first one involved one of the partition walls that was removed. The area that will be the new laundry room used to be a closet, the dead space for the door swinging in from the garage, and the laundry room. The removed walls formed the closet and the old laundry entrance. The closet wall had nothing inside. The laundry wall was expected to have electrical wires for a switch but it had more than that!

That pipe is a sewage pipe from an upstairs toilet that is not located directly above that wall. So that means that there is extra work to be done to reroute that sewage pipe. The contractor has evaluated the options and it could be worse – at least the code will allow us to route the pipe through a joist since it is less than 1/3 of the width.

The second surprise was that one of the cabinets was damaged, despite the sturdy packaging. It will be returned and replaced. I hope it doesn’t take long. This surprise could have been worse too – at least the cabinet is not the one that houses the sink, the stovetop, the dishwasher, or the oven.

Tomorrow is the day work begins on the kitchen & laundry! I’ve done most of the prep work but I still have a few things to get done today.

To be done today:

++ Dryer to be picked up by DS1’s friend who is upgrading from a dryer that doesn’t work well

++ Clear an L-shaped space in the garage for the contractor’s on-site storage.

++ Take the garage opener for that side out of the car so we can give it to him to come & go without coordinating with us.

++ Set up a dishwashing station on the middle deck. I need to get a couple of dishwashing bins (hoping that Sams might have them) and a flat waterproof surface for a ‘counter’ (need to look around with creativity – I’m wondering if Lowes might have some sort of mesh metal like some outdoor tabletops use). Then snake the hose to that location and I already have a dish drying rack.

++ Cook some muffins. We won’t have use of an oven for some time so I want to freeze homemade muffins. BTW, a homemade bread item is a great neighbor gift if you know someone who is renovating the kitchen! Store-bought breads cannot compare taste-wise or nutritionally.

++ Empty the last cabinet – under the sink where the dishwashing detergent and scrubbers are. Use the dishwasher for the last time(s).

++ Take the old laundry door, the basement door old hardware, and the cabinet knobs to the Habitat RebuildIt store as a donation.

Already done:

++ Biggest chore – unrouting and rerouting the internet cable from the Verizon box across the garage and into the dining room. I’ll hire a professional to do it right with the router in a new location sometime after the remodel. The internet cable used to come through the mudroom area which now will be part of the new laundry room.

++ All cabinets emptied (but one) with the contents donated, stored, or organized to be accessible.

++ Cabinet knobs removed and bagged. The original knobs were a gold finish that didn’t age well. Same for the light fixtures. About a decade ago I replaced the cabinet knobs with brushed nickel ones as an upgrade. They were probably $3 each and there are maybe 20 of them so I figure that someone else might use them.

++ Setting up the dining room to be our temporary kitchen. This came together fairly well though we keep conking our heads on the hanging chandelier since it doesn’t have a table under it now. This included moving the refrigerator which is the one appliance that we are keeping.

++ Bought paint & hardware for the new laundry door. The contractor said that he is going to focus on the kitchen first and then move to the laundry. He wanted that interior door to be ordered so he can close off the laundry I think while we start using the kitchen.

++ Stocked paper plates, bowls, plastic cups, and utensils.

I considered putting a post on Nextdoor for our cabinets in case someone could use them in a garage, shed, or workshop. DH talked me out of it. He said that getting them down intact would be more work for the contractor and if I asked the recipient to take them down, he could damage the wall and cause more work for the contractor instead of less. They are 20+ years old and weren’t good quality to begin with so I let that idea go. I just hate to waste. I did decide though to take those knobs off.

Tomorrow the dumpster is scheduled to arrive and so are the cabinets. The new laundry door has already been delivered. The contractor mentioned that he’ll be going through each of the cabinets to make sure they are what we ordered and that they aren’t damaged. (He’s super detailed.) That way we have time to reorder if something isn’t right. The cabinets will be stored in the garage until they are needed. The tile and some leftover cabinet trim from the last corner are already there.

our temporary kitchen

I’ve waited a few days to post this topic so the emotions aren’t quite so raw. We’ve had a couple of unexpected expenses arise as we’re preparing for the remodel and this one is painful.

We had to make the heart-wrenching decision to put down our dog. Once DH decided while talking to the vet, he made the appointment immediately before he could change his mind. While our pets are enjoyed by the entire family, it’s understood that the dog is DH’s and the cats are mine. So the decision was his.

She had a tumor on her belly that broke the surface of her skin and was actively bleeding. It was the right decision at the right time – the vet agreed – but still so hard.

For those of you who have pets, this is another reason to have an emergency fund. It’s a time when you want to make decisions based on what matters to you – not what you can pay. Having her poked only once made the IV worth the extra money, but getting ashes from her wasn’t something we valued.

$780 total. From the bill:

Euthanasia appointment - $280

Communal cremation - $205

IV catheterization + propofol anesthetic - $295

Her final hours included her favorite things - a ride in the car, a walk in the woods, and treats.

Following is the recipe I mentioned that was originally shared by the blogger Toilet Paper Tracker. This one is a hit with every member of the family.

Asian Meatballs

Ingredients

1½ lb ground turkey
1 cup bread crumbs
2 eggs, lightly beaten
3 scallions
2 tbsp ginger
1 tsp onion powder
¼ tsp Chinese 5-spice
1 tbsp soy sauce
1 cup broth, veggie or chicken
½ cup ketchup
1 (8 oz) can tomato sauce
2 tbsp rice vinegar

Cooked rice, for serving

Directions

1. Combine sauce ingredients (starting with broth) in slow cooker.

2. In a large bowl, mix meatball ingredients and make about 12 meatballs. Arrange in slow cooker in a single layer.

3. Cook on high 4 hours or on low for 6 hours.

4. Serve with rice.

Shared from my Recipe Keeper - the easy way to collect, organize and share your recipes on your mobile, tablet and PC.

This is our third year to be a host site for the local CSA. We’ve been a customer for much longer.

Especially this year, with grocery prices up, I am appreciating the fresh local organic veggies. Since we’re the host, our weekly box is free. This week our haul includes gold potatoes, red chard, mini romaine, spring onions, strawberries, lacinato kale, garlic scapes, and Italian parsley.

I abhor waste so I attempt to get every bit of it into our bodies! Last year I spent time entering favorite recipes into my Recipe Keeper Pro app and it’s paying off now. I have over 500 recipes in there and I can easily search on certain ingredients or characteristics to find something appropriate. I set up categories like finger food, okay to make ahead, instant pot, crockpot, etc. I’ll continue to add our recipes as I have time but I’m at least to a point where I don’t have to ask myself “What will I do with chard?”. And every recipe is something healthy that has ingredients I would use. I used to search online and I had to go through so much to find something that I’d feel good about making. It took too long – every time.

That reminds me: two nights ago, I made the Asian meatballs recipe shared by Toilet Paper Tracker. Do you all remember that blogger? I always enjoyed her posts. I hope she’s doing well. Her recipe lives on in my collection!

I’ve been searching and planning for a few years and this year I committed to a new primary care doctor. My upcoming milestone birthday caused a self-imposed sense of urgency. I want to remain healthy & active as I age and I figure that it’s good to enter each remaining decade with resolution of health concerns that have cropped up in the previous one.

I looked last year into direct primary care but couldn’t find a participating doctor in my area. This year I found one. In case you aren’t aware of the concept, direct primary care is a relationship with a doctor that isn’t through a large medical corporation. Most don’t accept insurance and instead the financial arrangement is like a subscription. For that subscription, you basically get all the visits and doctor’s attention that you require. I like this arrangement because it aligns the doctor’s best interests with mine. The healthier I stay, the more profit she makes. This is the opposite of the standard model of care in the US and I have felt that conflict to the point that for years I have just avoided doctors altogether. Orders that she gives me for lab work, scans, and referrals do go through my insurance.

My second concern with primary care doctors is that I know their beliefs and recommendations won’t always agree with my alternative-healthy ‘let’s brainstorm the cause & fix it instead of treating the symptoms’ approach. So, during the complementary consultation (via Zoom), I just put it out there. I told her that I view doctors as consultants just like accountants and that there may be times that I wouldn’t choose to take her advice. And that I would want her not to take that personally and to respect my choices. She agreed that the consequences are all mine of course since it’s my body and she was fine with it. She has been true to her word too, I’m happy to say! As one example, I refuse to take the recommended (and risky!) drugs for osteoporosis. Now she is working with me both to look for possible causes and to consider non-drug methods to address it.

In addition, this doctor has a certification in lifestyle medicine, which means that she has studied nutrition (among many other things I'm sure but nutrition is huge for me).

I have direct access to the doctor (not via a nurse or receptionist) by portal and direct text and she has even been willing to read articles that I send to her on studies and treatments that aren’t familiar to her. I’m impressed.

For my doctor, I pay $150/month. I can cancel at any time with 30 days’ notice. My first in-person appointment (I took a list!) was over 2 hours. I’ve never had such a comprehensive discussion (with exam too).

Now I have an assortment of follow-ups with bloodwork, scans, eye exams, dermatology appointments, etc.

For whatever reason, Saving Advice wouldn't allow me to include this with the last post. Perhaps there's a limit on the number of photos - I don't know.

Following are before & after photos of the 2024 kitchen corner #2 project. It was removing a goofy half-wall and replacing it with a full wall to support a new pantry cabinet. Because removing the half-wall left an exposed strip with no flooring, I elected to go ahead and replace the flooring in the family room and that portion of the kitchen. I bought enough of the tile for the kitchen and laundry floors that will get finished this year. I didn’t want to risk having that particular tile getting discontinued. So, we have a pallet of tile in the garage.

I know it looks odd to have a tall cabinet next to the short wall. I did it on purpose a year in advance so I could see how the flow of the kitchen would work with a pantry there.

Like DisneySteve and LuckyRobin, I also have an upcoming renovation. It’s our kitchen & laundry areas which are adjacent. We’ve been in this house for over 20 years and I’ve waited so long for this day!

Our current start date for the physical work is June 20^th. On that day there will be a dumpster in the driveway and the demolition of the current kitchen will be underway. But I wouldn’t call that our ‘start’ date. I have spent the past several months designing the kitchen, then my contractor came over and walked through the project with me in early April. He had a couple of great ideas that generated some minor changes to the design. Then he worked a quote and following that I drew the final plan and submitted the application to the township for the building permit. The permit was approved about a week or so ago so we signed the contract and set the start day for the work. Because the cabinets I’m using have a long lead time, we actually ordered them before I even had the quote. I had to pay half upfront to order them too. That’s how trusting my relationship is with my contractor. This is our 5^th project with him (and the largest one). He wrote the quote knowing that he would be awarded the project and I was okay with that.

Since this is a financial site, I’ll plan to share my costs as the project proceeds because I know that’s of interest here. So far, this is what I’ve spent:

$24,000.00 cabinets (2 of 2 payments included)

$12,233.00 initial labor payment

$309.50 building permit (admin & inspection charges)

$570.28 new laundry door (will be picked up by contractor)

So, $37,112.78 and work hasn’t even begun!

I should mention too that there are two far corners of the kitchen that are already done. I was able to have those done as smaller separate projects and it allowed us to live with the cabinet style, backsplash, and countertop for a couple of years before putting it throughout the kitchen. I used the same contractor for those projects.

Following are before & after photos of the 2023 kitchen corner #1 project. It was taking an empty wall section and turning it into a beverage station for our water filter and coffee machines. I still love it.

I am going to try to get back into the habit of posting – I have so many money-related things going on. This post is about a frustrating one.

You know how when you send a package via USPS Priority Mail it’s insured for $100 by default? It turns out that that’s not really the case.

My package was lost and USPS’s own tracking records indicated that they delivered it to some other address. When they couldn’t find it, I was instructed to file a claim. At that point I was annoyed, but hey – mistakes happen. Once I started the claim process though, I got angry.

The first question in the online claim process was to state whether this was (1) an initial claim, (2) a first appeal, or (3) a second appeal. That should have been a clue!

I was required to list all items in the package and provide receipts proving their value. I actually was lucky that my package was a birthday gift so I had bought new things and most receipts could be located. [Unfortunately, not the card which I bought on vacation months ago – it could be planted after being read and it grew wildflowers. So cool!] It was a pain to locate receipts & scan them but I did it and attached to the online claim.

I received a letter in the mail that my claim was approved but only for $48. I don’t even know where that figure came from – nothing was $48 in value. My total claim was $128 - $100 for the contents (I had receipts for more.) and $28 for the shipping I paid. I just received a check in the mail separate from that letter – it’s for $77. Why that amount? Who knows!

Just imagine if the contents were not new things. I would not have had receipts for them. Does that mean that it’s not really insured?

Lesson learned. From now on I will send all packages via UPS.

Those of you who sometimes cook vegan dishes may already know this, but I thought I’d share for those who don’t.

For baked recipes like muffins, a ‘flax egg’ can be substituted for a chicken egg. A flax egg is made by combining 1 tablespoon of flax meal with 3 tablespoons of water. Set aside for several minutes. You’ll notice that the consistency becomes thicker and almost gel-like similar to an egg.

Some recipes call for plant milk to be combined with the flax instead of water. The result has good omega 3 fat too!

Here’s a sample recipe that uses this technique. It’s from The 30-Day Alzheimer’s Solution by Drs Dean & Ayesha Sherzai – two married neurologists.

Cornbread Muffins

1 T flax meal + 3 T water

2 t apple cider vinegar

1 c plant-based milk

1 c whole-wheat flour

1 c fine ground cornmeal

3 t baking powder

Pinch of salt

2 T applesauce

1 T olive oil

Preheat oven to 350 degrees. Lightly spray 12-cup muffin pan with oil spray.

In a small bowl, make the flax egg. Set aside.

In a separate bowl, add the vinegar to the milk and let curdle for 5 minutes.

In a large bowl mix together the flour, cornmeal. Baking powder, and salt. Add the plant milk, flax egg, applesauce, and olive oil. Use a wooden spoon to fold together. Don’t overmix.

Spoon batter into muffin cups and back 20-25 minutes. Cool for 10 minutes. Great with chili.

I was able to buy eggs (despite an egg heist in my area reported just today!?!) and even expensive ones are a cheap source of protein when compared to meat in my mind. But if the price or availability of eggs prevents you from obtaining them, there are options.

I can’t believe we’re already a month into the year. January was eventful for us.

A good friend invited me some time ago to meet her and her husband at their time share in Los Cabos, Mexico for a week. On some years they have two units instead of one. January was the week. I took DS4 with me and it was fabulous. A luxurious place and though food cost just as much as home, since we weren’t paying for lodging, it was a great deal for us. We got massages, went whale watching, had probably too many meals in restaurants, and took picture after picture of the gorgeous sunsets.

While we sunned ourselves by one of the many pools, I talked to my friend about how timeshares work. It would not be for me for sure but the arrangement seems to work for her and her husband. They look forward to the trip all year and because they’ve been to the place so many times, they know all the best places – which boat for the whale watching, which seating area in which restaurant, etc.

I booked the trip through SFO with two roundtrip tickets so we could visit with DS2. That went well too and he is now engaged - he proposed to his GF after Christmas. He and his fiancée haven’t committed to any location or date for the wedding yet but they tell me that mid-2026 will likely be the earliest date. And on a side note: I learned that the word fiancé has 2 e’s at the end when it’s the woman and one e when it’s the man. Spelling/grammar is a strong suit for me and I did not know this!

My net worth had hit the next 100k milestone in November, then lost it in December. My calculation yesterday shows that it achieved it again by a smidge. I’ll take it.

As the boys have gotten older, I don’t enjoy the big gift shopping since they usually want money. But I still enjoy filling their stockings. Three of them no longer live at home but they all get stockings (plus one serious GF).

For those who might be interested either because you have boys or may need to buy a gift for one, following is a compiled list of things in stockings this year.

Sunglasses

Apple airtag

Gift card – Chipotle, Amazon, Chewy

Socks

Cologne (requested)

Smoked salmon packet (Seabear)

Throat spray

Chapstick

Cat toy

PDF cookbook of my recipes in Recipe Keeper Pro (cool feature that the app has!)

Custom (silly) golf balls & golf tees

Small book – business, Japanese Inns

Apple slicer

Hose nozzle

Snazzy bookmark

Pocky sticks

Kirby coin pouch

This historically has been the time of year that I plan for upcoming financial goals in the new year. It’s a different perspective now that I’m retired and not contributing to accounts. Of course, I hope to see some growth but it’s almost completely out of my control. So, my planning is about managing money rather than growing it.

2025 is a milestone year for me financially because I will turn 59 ½. I’ve kept my 401k account open since I retired just in case I needed to tap it before I turned 59 ½. I don’t know the rules but saved a link to an informative site about withdrawing money from a 401k without penalty after age 55. I shouldn’t need to do that now though as I believe I have enough to last me until that milestone. I will want to move the entire balance of the account into a self-directed IRA. So that’s a focus this year – researching low-cost companies (Schwab, Fidelity, Vanguard, etc.) as well as researching the mechanics of doing it. It’s a little scary. I hope I can get good, maybe even in-person, customer service.

2025 will also be the year that I have the kitchen remodel completed. I’ve done two corners of the kitchen in phases – the first in 2023 and the second in 2024. The rest, which will be expensive and take much more time, will be done in 2025. I’m excited about this but nervous about the huge cost. I’ll spend a good bit of time during the first part of the year designing the layout in detail. I want to think of every item that needs to be stored and every task I commonly do in the kitchen. I already have the basics decided. I’ll also need to find out about the building permit application process.

As some may recall, I have a deal with my boys to split any scholarships they get for college with them. DS3 is in a special situation because the military is covering his college costs while he works in the day and remotely takes his courses at night. He and I negotiated a $15k gift at graduation in lieu of matches since his isn’t really a ‘scholarship’. There is a possibility that he will graduate in 2025 if he maintains a heavy school load. I need to be prepared to pay.

I’ve taken advantage of the health exchange for insurance beginning in January 2024. I could have kept Cobra coverage for 12 more months but it didn’t make financial sense. I’ve just signed us up for the same coverage in 2025. This will be the first year I do income taxes that take the generous subsidies into consideration. Even though I followed all the rules, a part of me is nervous that there will be some gotcha and that I’ll owe money to the state. I’m looking forward to getting our taxes done so I don’t worry about it any longer. The plan is to stay on the health exchange (provided that it remains in place) until we qualify for Medicare.

My non-financial goal for 2025 is to do an unassisted pull-up on my 60^th birthday. I have never in my life done one. It’s a serious goal though and I’ve begun preparing for it. If I don’t succeed, at least I’ll be stronger and healthier!

A year since I retired! I can’t believe that time has gone by so quickly. I have checked in with Saving Advice periodically but haven’t posted at all. I just don’t find myself spending much time in front of the computer, which is a good thing.

When I first retired I half-joked that it’d take a couple of years to just catch up on house projects, organization, and neglected maintenance. I do think that will prove to be true.

Things I’ve done in the past year:

Built a raised bed with DS5’s help and planted blueberries

Designed and hired out the construction of the renovation of the second kitchen corner. I’m doing it in pieces: the first in 2023, the second part this year, and the rest (impossible to piecemeal) next year

Cleared out and planted the side bed between the walkway and the house with perennials

Entered all my loose recipes into a recipe app [Recipe Keeper Pro] and threw away the papers! The only exception was a couple of handwritten recipes of my mom’s. I did enter them but kept the original copies in our heritage album with her pictures

Caught up with our vacation scrapbook and with another one that will be a gift in a couple of years

Completed the scrapbook of Christmas cards and 2004-2005 family photos. (Yes, I’ve still got work to do!)

Painted and installed a better organizational system in my half of the closet

Travel: trip to CA to visit DS2, 2-week trip to NC to help a friend set up a house, trip to FL to visit a friend that I hadn’t seen in years

Set up cat doors, new style of litter boxes, and auto-feeders in the basement for our colony of felines

Pressure washed & treated the deck

An assortment of health improvement activities: online master classes, detox regimens, sleep and exercise routines

Entertaining: just in the summer, we’ve had friends over for dinners on the deck and have more planned

It’s nice to see this compiled list. Sometimes I forget how much I’ve done.

I’m slowly getting out of the mindset that every day must be productive and instead judging each day’s value on happiness and appreciation. It’s a mind shift that I didn’t consider when I retired. I still make to-do lists but it’s okay if something doesn’t get accomplished because an unexpected opportunity arose or just because something took longer, often because I got more engaged.

I am going to try to post more than annually! I need to work it into my routine.

I've had to mess with this entry to get it not to delete some of the text when publishing.... so odd.

My last day!

It’s also payday and I see two deposits in my account. The first one is a regular paycheck. I suspect that the second is a payment for my remaining vacation time.

I should hear from HR later today on the paperwork for my severance pay. I know that I won’t receive it for at least a week after I sign the paperwork. I think it’s related to a state law that allows backing out of a contract within a week of executing it.

Two more working days! And I'm an hour into one of them.

I’ve installed (with help from DS5) my retirement gift from the company – a Sonos home speaker system. As a manager, I knew that the company provided funds for the manager of the retiring colleague to purchase a gift and I knew the budget for mine. I’ve purchased the gifts for four retirees myself when I was the manager. I usually asked the retiring colleague for their preferences. I guess that spoils the surprise element but at least they receive something they really want. I wasn’t sure how my manager would handle it so I took the initiative to tell him what I wanted. I am so glad that I did! I love having my music play throughout the house and the deck (when I put the ‘Move’ outside).

We spend lots of time on the deck during the summer so now I have music while I’m preparing the meal and also while we’re eating outside.

I’ve just been reimbursed for my last expense report. It was late so I was getting worried that it would be a lingering to-do. I’m glad to have it done.

The number of working days left – three!

I’ve sent my ‘so long’ e-mail to colleagues that I’ve worked closely with over the years and I’m glad I did that. I’ve received many well wishes and compliments. The company’s gotten large, so often in the past I’d find out someone was gone after reaching out to them for information.

I’ve completed the COBRA paperwork. The company will pay for the first three months and I’ll pick up the premiums (or change to another plan) after that. The monthly premiums will be just under $2500. Ouch! It’s for the family but still. I’m thankful that the company pays the first few months and I do have HSA funds that can be used for the premiums. We’ll definitely stick with COBRA for 2023, and probably 2024 but I’ll do comparison shopping for 2024 before making that decision. And now, I’ll have the time for that research!

Because I have to return the printer, I purchased a new one. I’ve just done the pack-up and set-up activities related to that. I was told that I could keep the cell phone (just not the company-paid plan) but not before I purchased a new phone and plan. So my former work phone will go to DS5. He’ll be upgrading from an iphone 7 to an iphone 11. He’s excited.

I can’t pack up the laptop and monitor until I’m really finished working. And much of my days this week are in knowledge transfer sessions with others.

I haven’t blogged in months and a couple of big financial things have happened. The exciting one is that I gave notice at work of my retirement, and it’s now 19 days away!

The company has a voluntary separation program (VSP) that sends a retiree off with a nice severance. To qualify I had to be 55+ and have the sum of my years of service to the company and my age be at least 72. I also had to provide a minimum of 3 months’ notice, which I did – plus one day. I’ve actually qualified since I was 55 but I wasn’t ready then. Now the house is paid off and I’m comfortable with living lean until my retirement account can be accessed without penalty.  I have a small Roth IRA as a back-up and I’ve also read a couple of articles about accessing a 401k after 55 but before 59.5 without penalty. That’s a back-up to the back-up though – I hope I don’t need that. But just in case, I’m leaving my retirement funds in the 401k until I’m 59.5. Then I’ll roll it into an IRA where I have more control.

My job is fine – I don’t dislike it and yet, I am super excited just to wake up and feel free.

We finally completed the long-procrastinated task of updating our wills. I’m glad to have it done though I am still working on the step-by-step guidance document for the executor. (requested by DH) That document has been a bigger chore than I expected but I’m learning a lot. In addition to online research, I bought a book that is so worth the cost: The Executor’s Guide by Mary Randolph. I also created documents for inventory of assets, final wishes, and contact information for all beneficiaries. Our previous wills had been written decades ago when we had just two children and lived in another state!

I am setting a target to review & update as needed the supporting documents annually and the will every 5 years. I am also continuing my long-term effort of simplifying our finances. The longer I live, the simpler the estate planning will become.

I’ve learned a lesson from my Mom’s death and left my jewelry and personal things to either my boys or my nieces instead of DH. My mom would be livid to know that some of her things ended up in the hands of the children of my Dad’s second wife and they sold it for cash. That will not happen to my things! Of course, I had that discussion with DH and he gets it. His mother also died first so the situation was similar.

I’ve never had a goal, and still don’t, to leave a substantial inheritance to my kids. I’ve told them this throughout the years too – that their college funding is their gift from us and that we plan to spend our remaining money to fund our own lives. We also don’t buy the boys cars, weddings, or down payments on houses. I don’t expect that to change unless we strike gold or something. If I have an unfortunate early death, they’ll benefit financially but otherwise their inheritance will likely be modest (and split 5 ways). As an example, I have a 30-year term life insurance policy that will expire in a few years. The point of that policy was to have assurance that the kids would be cared for if I died while they were young. It’s already served that purpose. Another policy is provided by my employer, but it will expire when I stop working. So no life insurance policies will likely be in place when I pass.

The good news for the kids is that we shouldn’t ever need to be financially dependent upon them. I appreciate that my parents provided that situation to my brothers and me too.

The new bank has free coin-counting for members so I took my banking bag full of change and deposited it into the new checking account: $53.07. I didn’t think so much of it was quarters! Then I used the new debit card at the grocery store to make sure it worked with no problem.

Finally, I submitted my updated direct deposit splits to the company’s payroll department that will hopefully be effective by February.

I’ve had a plan for some time now to replace my big bank with a local community bank. Last week I finally did the first step: opening the account at the new bank. Now I’m setting up links to other accounts and bill pay for some things. I thought it would be efficient to just do it all at once and that has resulted in required scrutiny of all those micro-deposits institutions make to verify identity. In hindsight, it may have been better to do them one at a time.

I also activated the new debit card. Next will be to change my payroll direct deposit to use the replacement account instead of the big bank one. Then I’ll probably use the big bank account to pay taxes this year before I close that account. They’ll probably charge me some crazy high monthly fee once my direct deposit stops because that’s what big banks do. In contrast the new community bank is completely free for members over 50. No monthly fees and free checks even without direct deposit.

Like many things, it’s more effort than I’d expected, but I like that the bank is a small community one that could be a walk from my house on a good-weather day.

So now I have three banks: a credit untion, a community bank, and an online savings account (Ally). 

I still can't comment on any blogs though I'm reading them. I like Rob's scooby-snack story!

I’ve been unable to comment on any blogs for some time now. I’m not sure what the issue is since I can see comments from others and nothing has changed on my end – computer, web browser, etc.

I especially appreciate Wink’s most recent blog entry. This is the year I’ve planned to retire and several unplanned potential expenses and risks of expenses have come to light. I’m determined not to fall into the ‘one more year’ rut. I think my health and happiness will improve from letting work go, even if it means that we’re living lean.

One new year’s resolution for sure: blog more often. I’ve just gotten out of the habit.

Our roof is nearly twenty years old and it’s time to replace it. Fortunately, we haven’t had any mishaps other than a few shingles blowing off over the years during tornados & storms. This is an expensive but necessary upgrade that I want to fund while I’m working.

I’ve just gotten four estimates that I’m now comparing. It’s tough to compare apples-to-apples since the four quotes include three different brands of shingles, different payment rules, and different workmanship warranties. I’ve been researching shingles online to attempt an informed decision. Does anyone else do this?

I have it narrowed down to two. Both are local companies. One uses a basic shingle that’s commonly used and has a 10-year workmanship warranty. From my internet search, it seems like the company has just a few employees because the reviews mention them by name. The other company uses better quality shingles and has a 12-year workmanship warranty. They have many rave reviews (Yelp, etc.) that are recent. The difference between the prices is almost $4k. ($11k vs $15k) So I need to determine how much that quality is worth to me. Hmmm.

The two estimates that I am not pursuing: One had only a 1-year workmanship warranty and the shingle brand was the lowest rated. The other used the same shingles as the lowest price but was priced $3k higher.

We’ve had two home improvements projects happen in the same month after waiting months for both. The first one is a sliding barn door that allows our living room to be a makeshift bedroom. The couch in there is a sleeper sofa and there’s an armoire but before we didn’t have a good way to add privacy. I finally found a person with the availability and skills to do it and I love the door. The second project is the long-awaited cat fence. I signed that contract in May and supply issues related to the pigment required to produce the color I wanted caused the delay. It’s done now and I’m eager to have warm weather to see how it works when the cats really want to be outside.

I’ve just started our taxes. It’s going to be ugly and I expected it because I sold stock that vested last year. Once again our income level bumped us out of the Opportunity Credit and for the first time bumped us out of Roth contributions. I had been making the Roth contributions so I backed them out – ugh – to prevent penalties but then I had to pay taxes on their earnings. It’s all messy but I sure don’t want to complain about it – the stock proceeds allowed me to pay house debt and I hope to report that major milestone in about a month.

My goals for 2022:

(1) House projects - replace the roof (shingles), downstairs ceilings painted, design kitchen reno & get quotes

(2) Personal - finish the two scrapbooks for the twins by their graduation

(3) Health - get lean by implementing routines for fasting, resistance training, and yoga

(4) Financial - pay off house, get EF to 7 months’ expenses

(5) Kids - DS1: help w/ rescue cat, DS2: get to know GF, DS3: help set up investments, DS4: open Roth & transfer brokerage from minor account, DS5: support job search for semi-gap year

[so weird that some words couldn't be bolded...]

My goals have retirement preparation in mind. 17 months and counting.

I’ve slipped out of the habit of blogging and financial things are still happening.

My paychecks are back to the normal lower level since social security and 401k contributions are again being deducted. The company for the first time in decades (and maybe ever) increased its matching contributions from 50% up to 5% of total compensation to 50% up to 6% of total compensation. I still think that’s lower than the benefits offered by some of our major competitors but I was pleasantly surprised.

I’m targeting to retire in 18 months and I have a ‘This is the home stretch!’ feeling. I want to get some home projects done that could become pricey and I want to begin transitioning the way I spend my free time. When I finalize annual goals, I’ll focus on those aspects.

Happy new year!

DS5 is now a licensed driver. I spent about $350 on six hours of driving lessons several months ago and it was worth it to me. With DS1 & DS2 I wasn’t so afraid to ride in the passenger seat with a driver-in-training but I am now. Relatives helped on getting driving time for him too when we visited them last month. I’m glad that we’ve got the last one over the line.

I don’t know how much the insurance will go up from adding a third teenaged boy to the policy. Yikes! I’m expecting an invoice soon.

I had an annoyance with the car insurance & our state’s DOT but fortunately it didn’t cost me money – just inconvenience. While we don’t buy cars for the boys, I am willing to have them in my name and to insure them while the boys are in school if they choose to buy a car. [And their driving record is clean.] As a result, I have four cars in my name though I drive just one of them.

DS4 decided to sell his car and buy a different one so for a short while I had five cars insured. I didn’t realize it until later when I noticed different policy numbers, but apparently only 4 cars can be on one policy so the insurance company had the fifth car on a separate policy. Then when DS4 sold the car, the newest one was moved to the original policy so all the vehicles were together again. That’s when I received a notice from the DOT that they had been informed that my policy was cancelled. I know from the experience of one of my boys that if the DOT doesn’t receive proof of insurance by the deadline, they assume that you had a lapse in coverage and they fine you $500. You can appeal it by going to court and showing proof of insurance but the appeal is $150 for court costs. Sooo, I sent my proof of insurance to the DOT by registered mail so I’d get confirmation of its receipt. I may complain to the insurance company. Why would they contact the DOT when they just changed the policy? I don’t know if it was a mistake or if they’re required to do it.

I’m enjoying the last few weeks of our CSA season. My brother and his wife gifted me a couple of boxes from Farmbox Direct for my birthday so right now we’re getting fresh organic vegetables AND fruits! Heaven.

Our gas (with fake logs) fireplace gave out last year. We were able to hire a handyman to do some tweaking to limp it along last winter while I planned to replace it this year. Replacing it became a bigger and bigger deal. No place could just replace the ‘guts’ of it. Even the mantel couldn’t stay because it would break when the fireplace was pulled out. The fireplace came with the house so it was almost 20 years old.

That meant that an upgrade that I originally thought would be a couple thousand dollars was about ten thousand dollars. And the two places that sold & installed them were booked out for months. I think it was in July when I signed the contract and the installation was finally completed yesterday. The good news is that we have it in time for cold weather and it is far (far!) superior to our older one. This one is heating the house! It has a remote control that allows us to control the flame (5 settings), the lighting, the ‘embers’ (cosmetic only), and the fan. With the fan, it blows the warm air out into our family room which is open to the kitchen. I’m in love with it.

I set aside the money for it in the online Ally savings account so it would earn interest while we waited. I paid with a credit card and will move the money into checking when the CC is due next month. I’m doing the same thing with the money set aside for the fence – contract signed in May and it looks like it’ll be 2022 before it is installed because of material supply chain issues. Another post…  A picture of the new fancy fireplace: