My Retirement Journal – Exciting Poshmark News

In a previous post, I mentioned that Brenda had started her Poshmark business venture and we were anxious to see the results. I’m happy to report that Brenda made her first sale after only ONE WEEK online, which was quicker than we were both expecting.


Needless to say, we were both very excited – so much so that we had an extra glass of wine that night! It’s good to see that Poshmark works and it’s good to get that little jolt of excitement too in order to keep the motivation levels high. Up to this point we were both starting to wonder if it was still possible for the ‘average person’ to make a few bucks on Poshmark. We had been reading blog posts from other ‘Poshers’ where they mentioned how much time and effort was needed to be successful with Poshmark. (But isn’t that true with anything if you want to see success?)

Brenda packed and shipped the buyer’s purchase yesterday. Once the buyer receives and accepts the dress, Poshmark will release the funds to Brenda’s account. The dress was sold for $15 so Brenda will earn $12 after Poshmark takes their $3 fee. Not bad at all for a dress purchased from Goodwill for $1.49 with the tags still on it!

Great job, Brenda! I’m very proud of you.

In other news….

Staying Fit With Jillian Michaels While Working

As I mentioned in a previous post, I work from home and my job doesn’t require much of my time so I’m able to do other things. Brenda and I managed to go for a walk today for about 30 minutes as well as do our Jillian Michaels workouts today. Brenda is still rehabbing her knee after a recent arthroscopy, otherwise, we would have walked longer.

Brenda really likes Jillian’s total body DVD while I prefer the “Ripped in 30” video. In 2011-2012 I managed to lose about 40 pounds using Jillian’s “30 Day Shred” followed by the “Ripped in 30” video. You can’t beat them for a great workout in only 30-40 minutes. Highly recommended!

Although exercising is not one of my favorite activities, the book I’m currently reading – “How to Retire Wild, Happy, and Free” by Ernie Zelinski – just reconfirmed what I already knew. That is, if we are going to have a happy, long retirement, we need to keep our bodies and minds healthy and in shape. As they say, “you have nothing if you don’t have your health”.

Retirement Nest Egg Growing Slightly – Healthcare Still a Mess

The markets have been up and down so far for May so our retirement nest egg has grown but not by much. I’ll take slow, steady growth over a market drop any day (obviously). It will be interesting to see how the markets perform the remainder of the week. Congress will be voting on the revised healthcare bill today so there could be some market reaction to the outcome – good or bad.

Speaking of the proposed healthcare bill, I’m not feeling very encouraged about it right now. But I haven’t seen what the tax credits would be for someone in my age group at my income level. The whole thing is very frustrating. Based on the direction healthcare and medical insurance is going, it could become almost impossible for anyone with less than a $2,000,000 to $3,000,000 retirement portfolio to retire early. And THAT would be a damn shame!

It’s very tempting to consider using a religious HealthShare for healthcare costs. I’ve looked at Liberty HealthShare in the past and based on reviews and members’ experiences, I’m not completely ruling it out. Lisa Aberle posted her experience with a religious HealthShare on their blog. Check it out and let us know if any of you have any experience. We’re very, very interested in hearing more stories as we ponder this option.


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My Retirement Countdown Begins Today

Today marks the first of what I am calling my “Retirement Ramblings”. In these posts, I will share with you the events, the learnings, and my thoughts and comments that I have during my journey to my “Freedom Day” – the official first day of my retirement. But first, let me give you some background on my situation.

As I write this, I am approaching the age of penalty free IRA withdrawals and still working in Technology for a mega corp in the financial services industry. (Let’s call my mega corp “ABC Bank” for reference purposes.)  I’ve been with “ABC Bank” for over 12 years, which is the longest I’ve ever worked at the same company. This is probably the best mega corp that I’ve ever worked for in terms of pay, benefits, and work environment. In fact, I’ve worked from home full-time since 2015. I haven’t attended an in-person meeting since 2014. And get this – I’ve NEVER met my current manager and my personal goal is to retire without having ever met him. Hard to beat those perks, huh?

Counting the Days Down to Retirement

Brenda and I have worked hard throughout our mega corp lives to raise our families, to keep the bills paid, and occasionally put some savings away for phase 2 of our lives – the “Freedom Phase”. By the way, Brenda worked for the same “ABC Bank” for 20 years before retiring. Today, I am getting closer and closer to that last day in Corporate America Land. Brenda and I are so looking forward to enjoying our days doing whatever we want.

Delaying Retirement – Healthcare is Sick

Unfortunately, we do not have access to any retiree medical benefits. Since the whole healthcare scene is in such a mess, we’re not comfortable enough yet to give up the regular paycheck and the employer sponsored healthcare plan to wonder into the healthcare abyss. For example, an ACA plan (I refuse to use that ‘Ob____care’ word) in our state as of this writing would cost us around $1500 per month in premiums plus $13,000 out of pocket. That works out to a tidy $31,000 per year in potential healthcare costs. That is more than our annual housing costs. Completely ridiculous and it’s probably only going to get uglier.

My Plan and My Retirement Timeline

My current plan for retirement is to see where things stand for healthcare (options and costs) and the strength of the financial markets starting around April 2018. If I feel comfortable and confident in the future of healthcare costs and the markets haven’t tanked, I will give my retirement notice around May 1 with a “Freedom Date” of June 1, 2018. Otherwise, I will take a year-by-year approach and continue to add to our retirement savings and make a retirement decision each April afterwards. Either way, it’s exciting to finally be this close to retirement and Brenda and I can’t wait to start the next chapter of our lives.

What about you? Are you retired? Are you getting close to retirement? Do you have a date or timeframe picked out yet? We love learning everything we can about retirement and would love to hear others’ stories.


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