Standup Zone Forum

General Category => Random => Topic started by: OUTSIDEWAVE on February 10, 2019, 10:03:03 PM

Title: Retiring But where?
Post by: OUTSIDEWAVE on February 10, 2019, 10:03:03 PM
Well  getting time to retire.  But it is going to be a challenge.  I spent the heart and soul and  27 years of my career. Building a business. Finally got there only to have a MF partner steal it out from under me leaving me with little to nothing to show for my the. Bulk of my lifeís work.  So I found my self starting over at 55 with nothing.  Now 10 years later  I am looking down the barrel of retirement.  At that time lost the house in the recession.
 The thing is I have lived in so cal since 1964 the same year I learned to surf.    Now I am thinking about retiring. And have scraped together a paltry down payment. And am looking to buy a house. Most likely out of state   I would like to be able to paddle. But maybe  more along some rivers or lake.  Looking at Oregon or Washington  maybe. Maybe along the coast. So what are your ideas on where? Given this is going to be a low budget affair?
Title: Re: Retiring But where?
Post by: Zooport on February 11, 2019, 05:01:02 AM
This is probably way outside of what you were thinking, but I am pretty happy in the Charlotte, NC area.  Housing here is less than 25% of what it is in California and there's lots of lakes nearby.  A small, but beautiful lake is just 11 minutes from my house.  The drawback is that surf is 3 hours away and I rarely see really good waves by California standards.  I have some pretty bad surf withdrawals, but I'm filling it in with all the other cool things to do here.  If you are into mountain biking, you would be in heaven here.
Title: Re: Retiring But where?
Post by: OUTSIDEWAVE on February 11, 2019, 06:54:53 AM
Hey zoo good to hear from you. Itís a thought. For sure  thing is our family  all the kids are out here in ca. And even though I donít see them a lot  we still see them. How are you adjusting to the colder winters.  Did you get snow? I looked at some possible places. And they all have snow in the forecast.   Wow!
Title: Re: Retiring But where?
Post by: Night Wing on February 11, 2019, 08:19:03 AM
I think the West Coast is expensive. As an example, compare the housing prices in Oregon/Washington to say some places in the state I live in, Texas.

A great place to retire is near the small city of Port Aransas, Texas. PA is right on the coast though. But it not as expensive to live there as it would be in Oregon/Washington.

As of right now, gasoline is some where near $1.79-$1.95 per gallon (cash). Use a credit card for "convenience" and the gasoline is more expensive. Why is gasoline fuel so cheap? Because Texas has lots of oil refineries and these refineries make lots of gasoline. And a lot of this gasoline stays in Texas.

Housing prices are affordable too. My next door neighbor to the left of me paid $140,000 for a 10 year old used house (built in 2009) which has 3 bedrooms, 2 full baths, 2 car attached garage and the house has 2100 square feet of living area with a 500 square foot garage. His lot is about one-third of an acre.

Food is not expensive either. As for electricty, since my house is all electric, we pay $0.12 per kwh. My home is 1860 square feet with a 500 square foot attached garage and my January electric bill was ($230.63). City, school and county taxes came to a combined $1500 dollars. But I am a senior in age and get a homestead exemption. Texas has no state income tax either.

The only drawbacks; Texas has 6 months of Summer, 3 months of Fall and 3 months of Spring. My grass is starting to grow again and the trees in my are yard are starting to bloom.

Another drawback is the weather. Texas does get tornadoes and hurricanes. I can't do much about tornadoes, but hurricanes are manageable. I live 90 miles from the beaches on the Gulf Coast. Back in September of 2008 when Hurricane Ike's eyewall was 30 miles to the east of me, the wind speed at my house was 60 mph. Hurricanes lose at of their punch when they make landfall and start to move inland. This is why I live 90 miles from the coast.

And Texas is hot with lots of high humidity (if you live near the coast). Today's high temperature is going to be 70 degrees F. You can see what our temperatures for this week (which is close to me) are going to be. Not bad for almost the middle of February.

https://forecast.weather.gov/MapClick.php?lat=30.2094&lon=-95.7508#.Vj6C1492Ols

And the surfing is good because most of our waves are wind generated. If there is no wind, you can always tanker bow wave surf at Port Aransas. With our mild winters, get yourself a wet suit and you can sup surf all year round. So if hurricanes bother you, live about 60 miles from the coast from Port Aransas.

BTW, the weather forecast for Port Aransas for the rest of this week is below.

https://forecast.weather.gov/MapClick.php?lat=27.836&lon=-97.0682

The above is "food for thought".


Title: Re: Retiring But where?
Post by: PonoBill on February 11, 2019, 08:31:30 AM
I started a book on retirement but never finished it. One of the big issues is where to retire. Oregon is a terrible choice as is Hawaii--both place that I have homes. So there's that. Washington is a bit better since it has no income tax, but retirees don't need to worry so much about income tax. Property tax and other expenses are a bigger deal.

Here's a link to as much of the book as I wrote. It's a bit of a mess, but there's some good stuff. https://retirement.pressbooks.com/front-matter/introduction/
Title: Re: Retiring But where?
Post by: Wetstuff on February 11, 2019, 09:02:43 AM
Outs...  Sorry to hear about the 'partner' deal.  My wife and I reached the health plateau where it would be imprudent to live outside the country, but I (we) would in a heartbeat if we could.  We have an east coast orientation (and my wife was born/raised in the Canal Zone) so our choices (changing over the years) come down to Panama or the DR. 

A friend who resides in Fl, and still in the surf clothing trade, has had small factories in China, MEX, Nica and now the DR. He keeps a condo in the DR and raves about locals he's met and paddles out whenever he is there. He lives in Melbourne and pops back-in-forth quick and cheaply.  In contrast, flying into Panama is pricy. (Panama City and David have US-connected healthcare, but who wants to live in a city?!)

From everything I see, if MEX could crush the cartels - they would be building a wall: to keep us out.  My wife has friends with property in central MEX who love it there  ..and, Key'Ryst!, the weather and surf around Sayulita would keep my joints flexible well into the grim reaper's schedule. 

Rick Weeks (Creek) told me once; "Don't ever get a dog!"   We have a really wonderful animal that comes to work with me every day - life's restraints are also planned around him.   Good luck with your next choices.

Jim
Title: Re: Retiring But where?
Post by: RideTheGlide on February 11, 2019, 09:35:06 AM
I am 60 and starting to visit possible landing spots. I am in NC now and will probably head to Fl, where I have lots of family. With some sort of 'itis in just about every joint, I really don't like cold anymore. Probably space coast. There are options for just about every budget and mine should be decent. My sister and her husband live in a duplex just north of JAX about 5 minutes from an inshore access and 20 minutes from a beach on Amelia Island. It's a nice enough area not to be too concerned about crime. They have a really low budget. There are lifestyle trade offs if the budget is tight, but it is doable without much.
Title: Re: Retiring But where?
Post by: stoneaxe on February 11, 2019, 10:06:01 AM
Ugg...sorry to hear the partner stuff. Starting over had to be tough. Wish I could help with suggestions but we're all over the place about what we'll be doing.....or where we'll be doing it anyway.

I'm also going to get away from the cold once my wife retires. We aren't in bad shape for retirement but we'll have to be frugal and plan well. I'm looking at creek and how he swings it and seriously think we'll head in the same direction, with our own modifications of course. Our latest thought is a summer cottage here near the beach and then go live someplace warmer but inexpensive for a few months...Portugal is looking nice. I have an old friend that is moving to Kalamata, Greece in a few weeks. I love olives....:)
Title: Re: Retiring But where?
Post by: TallDude on February 11, 2019, 11:09:47 AM
Close friends of ours have been living the Vagabond life in a nice (but not over the top) motorhome for about 8 years now. They have a space they own in and RV community in Palm Springs and one in Arizona. The one in PS has a small 9 hole golf course and a fixed patio cover/room with an outdoor kitchen, BBq, couch etc and a storage room. It has trees around it, very nice set up. They rent it out during the winter to snow birds from Canada. That's when they stay in there AZ spot. During the really hot summer days they travel all around the US and Canada following jazz and blues festivals. They stay at Doheny for the blues festival there every year. They do own a duplex in SoCal which they rent out year round. That brings in some income along with renting out the PS space for $2500 a month. They have one car they share and tow behind the motorhome. They never had kids and don't have pets. They basically travel a lot.
Title: Re: Retiring But where?
Post by: SanoSlatchSup on February 11, 2019, 11:53:26 AM
They never had kids and don't have pets. They basically travel a lot.
Ding, ding, ding...we have a winner Pat.  ;D
Title: Re: Retiring But where?
Post by: PonoBill on February 11, 2019, 12:10:57 PM
Pets are a far bigger expense and restraint than most people realize--or care to acknowledge. I like dogs, but wouldn't have one if my wife wasn't so attached to them. I've been looking at our expenses per year and dog expense is big enough to pop up on the radar. That was a surprise. Add to that, there are a lot of things we don't do, or have to do in a contorted way, because of the dog. Our dog is a service dog--a diabetic alert dog, but with a continuous glucose monitor, the benefit is hard to justify on a medical basis.
Title: Re: Retiring But where?
Post by: Bean on February 11, 2019, 12:39:36 PM
Great observation PB, we have an English Bulldog...nuff said.
Title: Re: Retiring But where?
Post by: supstoked on February 11, 2019, 01:39:08 PM
I have been retired for 13 years.  My home base is Deep South Texas.  Super cheap unless you live right on the water.  Too hot in the summer and too cold in the winter.  We spend the winter at our home in Mexico.  Very inexpensive and perfect climate.  Too hot in the summer.  We spend summer in Costa Rica.  Pleasant temperatures but very expensive.  Hawaii level prices unless you are eating rice and beans.
Title: Re: Retiring But where?
Post by: lucabrasi on February 11, 2019, 01:54:35 PM
Ever check out the Idaho panhandle? Tons of water, tons of fishing and species, a less brutal winter overall than lots of places. Lots of smaller towns, small lakes, big lakes, rivers. March/April when days are starting to get long you can actually be out doing something instead of waiting for snow and ice to melt and able to get out on the water some and in Oct/November when days start getting shorter there are great days when everything isn't frozen yet either. It's definitely worth a peak. 
Title: Re: Retiring But where?
Post by: addapost on February 11, 2019, 02:10:41 PM
What about abroad? Lots of great countries where a retired expat can live quite well.
Title: Re: Retiring But where?
Post by: DavidJohn on February 11, 2019, 02:21:57 PM
https://www.abc.net.au/news/2017-08-16/melbourne-named-worlds-most-liveable-city-for-seventh-year/8812196
Title: Re: Retiring But where?
Post by: Tom on February 11, 2019, 02:35:53 PM
It seem ironic, but for Americans retiring in the United States is very complicated and difficult. I've been very lucky but a lot of my peers are having a difficult time of it. Seems some of the best off are those that are living mostly or part time in foreign countries. 
Title: Re: Retiring But where?
Post by: Zooport on February 11, 2019, 02:45:50 PM
Hey zoo good to hear from you. It’s a thought. For sure  thing is our family  all the kids are out here in ca. And even though I don’t see them a lot  we still see them. How are you adjusting to the colder winters.  Did you get snow? I looked at some possible places. And they all have snow in the forecast.   Wow!

Thanks OW!  We get a little snow, but not much, and it doesn't stay on the ground.  Not very cold this winter, light jacket needed most of the time.  But moving far from your family is something you would regret.  Being near my kids and grandkids is why I let them talk me into moving out here, away from the beach. 
Title: Re: Retiring But where?
Post by: Zooport on February 11, 2019, 02:52:37 PM
Pets are a far bigger expense and restraint than most people realize--or care to acknowledge.

Agree.  I love our two dogs, but they are a money pit and an anchor, soaking up almost all of our opportunities to travel for pleasure.  I bought them for my daughter and, as you would expect, she did not take care of them, so they became mine. 
Title: Re: Retiring But where?
Post by: Dwight (DW) on February 11, 2019, 03:08:15 PM
https://www.abc.net.au/news/2017-08-16/melbourne-named-worlds-most-liveable-city-for-seventh-year/8812196

Last time I checked, you didnít let retired people in  :-[

Age 45 or close to it, was the limit.
Title: Re: Retiring But where?
Post by: supthecreek on February 11, 2019, 03:12:56 PM
Outside..... I feel ya!

The good news is.... you don't have to settle for less.
There are plenty of places that would love to have you and give you an awesome full life!

Same thing happened to me.
Built a business from scratch... had a 30 year lease.
When lease came up for renewal, my landlady realized that if she didn't renew my lease.... it became HER bar.
So she stole it & I lost everything at 62.

I am in the process of starting life over with nothing at 70.... but it has to revolve around surfing and has to be cheap.... most of all, it has to be amazing. I don't settle for ordinary.

This winter is a big test at becoming an Ex-pat.
I chose Portugal because it is super affordable, stunningly beautiful and has endless waves.
The waves are very powerful and access is challenging, but there are plenty of options.
I ranged around this week a bit and found an amazing area near Lisbon, with waves that suit me, awesome people and very nice living for a congested waterfront community on the outskirts of the city.

To put living expenses in perspective....
Rent 700 yards from the beach = $550 per month - sweet 1 bedroom with garden patio, ground level, parking in front.... quiet and middle of everything.... and my landlady does my laundry and cleans my apartment every week!
dozen fresh eggs = $1
3 big fresh tomatoes = 75 cents
1.5 liters water = 28 cents
12 rolls of toilet paper = $1.99
1.5 lbs ground beef = $4

Lunch today
Big wheat bread club sandwich with ham, cheese, hardboiled eggs, lettuce, tomato = $1.90

I got a haircut, beard trim... full hour with complete with hair wash and straight razor edging by a true artist for $12

beautiful AirBnb in Nazare' this week for $31

Parking has been free wherever I go, beach or downtown.
Camping is allowed free, just about everywhere.... and many towns provide free toilet facilities for travelers.

There are places that look like Tuscany, Baja, or midwest farming country.
The entire coast is stunning and water around me looks like the Caribbean.
There are endless miles of green grass and beautiful trees with grazing free range cattle, sheep or horses.

I hike all the time.... I have never seen a snake or a spider
No sharks, jelly fish, urchins or stingrays
No leash laws... and dogs have never paid any attention to me as I ride by on my bike. BUT... they bark all night.

Gas is $6.50 per gallon and tolls are expensive. No one drives on the highways.

Residency requirement is only $500 USD monthly, per person.

You can buy a pretty nice place for $100,000 and Mortgage rates are maybe 2.2% for 20 years.

Enjoy the hunt..... maybe here, Greece, how about Ireland? or an Island somewhere... but it can be done!

Here's my Garden patio






Title: Re: Retiring But where?
Post by: jsb on February 11, 2019, 03:18:22 PM
I started a book on retirement but never finished it.

[snip]

Here's a link to as much of the book as I wrote. It's a bit of a mess, but there's some good stuff. https://retirement.pressbooks.com/front-matter/introduction/

Pono- Good stuff!  Do you happen to have a PDF version (or better yet, mobi)?  It would be great to be able to read the book on a kindle, rather than having to click through a bunch of bite-sized chapters on a web site.
Title: Re: Retiring But where?
Post by: WhatsSUP on February 11, 2019, 03:31:22 PM
Always a fun discussion!!!  After 30 years of moving every 2-3 years we had the benefit of living at multiple locations on the East and West Coasts as well as the Gulf Coast here stateside - courtesy of Uncle Sam. I honestly thought we might have a summer get away here in Rhode Island but never permanent year round.  Ended up buying here in late late 2016 and moved in August of 2017.  Since then (some 18 months) I've been surfing each and every month - most times 6-12 outings a month - haven't missed a month yet.  My beach commute is about 5 mins and although this time of the year it can be cold I can't remember a time when I felt compelled to get out of the water because I was cold...always seems to be just spent after 2-3 hours of water time. This time of the year its usually single digit participants.....love it!  One of the best choices we ever made. And the fact that its the place my wife was born and raised and still has family and friends is a huge bonus!

Your paradise is out there and awaits!!!!!!  Have fun!!
Title: Re: Retiring But where?
Post by: RideTheGlide on February 11, 2019, 05:31:36 PM
https://www.abc.net.au/news/2017-08-16/melbourne-named-worlds-most-liveable-city-for-seventh-year/8812196

Last time I checked, you didnít let retired people in  :-[

Age 45 or close to it, was the limit.

I know someone from England who was getting frustrated going through customs in Oz and when the officer asked him if he had ever been arrested, he asked "Is that still required to enter your country?"  ;D
I don't think that sped things up much...
Title: Re: Retiring But where?
Post by: RideTheGlide on February 11, 2019, 05:43:01 PM
Hey zoo good to hear from you. Itís a thought. For sure  thing is our family  all the kids are out here in ca. And even though I donít see them a lot  we still see them. How are you adjusting to the colder winters.  Did you get snow? I looked at some possible places. And they all have snow in the forecast.   Wow!

Thanks OW!  We get a little snow, but not much, and it doesn't stay on the ground.  Not very cold this winter, light jacket needed most of the time.  But moving far from your family is something you would regret.  Being near my kids and grandkids is why I let them talk me into moving out here, away from the beach.

That's one thing that will probably keep me east coast. I have some FL family that I know is staying put. Only one of my kids is launched and he is in White Plains, NY for an outstanding job opportunity. It's a contract that has been extended a couple of times and he may get on staff but if he doesn't, he would likely be looking in CA because that's where the jobs are. He is a special effects animator and got a job with Blue Sky (Ice Age, Rio, Ferdinand, Horton, etc) right out of college. They are about the only large (they're #4 behind Disney, Pixar and Dreamworks) animation studio in the east. Pretty cool; this fall I will get to see his name roll by at the theater. Anyway, others are more likely to stay east.
Title: Re: Retiring But where?
Post by: eastbound on February 11, 2019, 06:31:38 PM
my partner died---he didnt steal from me, and was a great guy--but ive had to find new sources of capital and processing that he provided me--painful--i am currently 110% committed to restarting my business, with one foot out the door---i am on my way, but it had better launch quick and right, or bye bye--not enough time left, to waste flogging a horse that wont run---while im still running..........

where? CR is a nice place--and has good medical for good $$--lotta medical tourism there, in fact--still cheap in more remote places--fully priced in many at this point

how about a cheapo apartment in the mouth of little cottonwood canyon in slc ut?

35 min public bus ride to some of the best lift-serviced and backcountry skiing on the planet--same bus in the summer to world class granite--and quartzite a canyon over

salt lake, for years mormon-dominated, has gotten some good secular culture of recent--and it's certainly clean and safe----super cheap

lake-paddling only, but who says youd be there year-round?



Title: Re: Retiring But where?
Post by: toolate on February 11, 2019, 10:19:56 PM
Pets are a far bigger expense and restraint than most people realize--or care to acknowledge. I like dogs, but wouldn't have one if my wife wasn't so attached to them. I've been looking at our expenses per year and dog expense is big enough to pop up on the radar. That was a surprise. Add to that, there are a lot of things we don't do, or have to do in a contorted way, because of the dog. Our dog is a service dog--a diabetic alert dog, but with a continuous glucose monitor, the benefit is hard to justify on a medical basis.

That book is well done Pono!
One question; why is HAwaii ranked so poorly for WEATHER? Some of the finest weather on the planet IMO
Title: Re: Retiring But where?
Post by: OUTSIDEWAVE on February 11, 2019, 10:27:24 PM
Wow guys alot to think about   for us we have 4 dogs and my wife says i was a dog in another life. but 2 are getting along in years and i will miss them terribly when they are gone. I am a geologist and work out doors so they have been constant companions and occaissional guardians.

 Family is  very important to us. We have 6 kids  blended family  and 4 are in calif 1 in flagstaff  1 more also  in cal but travels all over the world promoting  music .

 On top of all else  my wife is experiencing symptoms  that are looking like ms   so that may be the deciding factor is her health.

So for those of you that  moved out of your state or out of the country. Does it feel foreign  or are you adjusted?  Do you have kids  Or grand children? how does that work   ?

 I haved lived in socal since 1964. Its hard to imagine anything else  let alone another country.

  Ifigure i have maybe 2 years maybe 5  but not much more? 

 Along long time ago when i was maybe 23,   i was surfing in newport beach at the pier  it was a weekday   there was a grandfather and his 2 grandsons  maybe 9 and 10  just us 4  i didnt know them never saw them again   but i always remembered them   cause i really wanted to that someday.       One of the most fun days ever!  Thats why family is so important .   One thing is amazing  is how many stories plans and really good guys are on this site
Title: Re: Retiring But where?
Post by: surfinJ on February 12, 2019, 12:52:40 AM
I was lucky to have moved to a place a long time ago that I can afford to remain in when retiring this spring. Iíve got some buddies back in NY where that isnít the case and one is going to N Carolina and the other Panama. Panama seems very attractive for the pesionado benefits and a decent healthcare setup.

Moving has social challenges as most friends are formed when we are young and just showing up somewhere you start alone. If you speak the language contacts are easily made but deep friendships will require patience.  And you have to realize the bonds you have with your old school days buds won't be reproduced as a relocated adult.

Europe while very attractive is a bit financially difficult as they will require income and health insurance proofs.  While not as big of an obstacle as Oz or NZ there are minimums to be met. Basically they are trying to avoid newcomers going onto the very supportive social system.

After having moved abroad over thirty years ago and living in multiple foreign countries all I can say is, i feel like a world citizen. Kind of floating in between the different languages and societies. For me itís really home is where the heart is.

And family. Yea thatís a tricky one. In this mobile society it seems to be a rare one when we all end up in the same place growing old together.  My family back home is broken and scattered. A shame.  My two girls here are studying and though the idea of them staying local is nice it probably wonít happen. I guess if you have kids young they are settled by the time retirement rolls around you can plan accordingly.

All the luck with your search. 
Title: Re: Retiring But where?
Post by: SUP Leave on February 12, 2019, 10:12:30 AM
This is a great thread. The big question is do you need waves and how close of access do you need?

The thing I like about surfing is that it is a healthy pursuit and demands you to be in shape, flexible, strong, etc. So, I don't want to give it up as a retirement goal.  I love golfing, fishing and hunting as well, but these are sports that can be pursued pretty much in any state. Plus after a day golfing with my buds I generally come home half drunk and sick from eating a bunch of shitty bar food.

We really had fun down in South Texas and I could almost see myself down there for the long haul, but we could not leave our kids for that long and assume that they will be out on the West Coast somewhere. However a monthly rental for 4 people in Port Aransas or Galveston near the beach is going to be $3k so you can easily spend time there. The surf isn't great if you are used to the West Coast, but the people are really cool.

I live in Washington and can tell you that it would almost be impossible to not have some kind of paddling within 15 minutes of you anywhere in Western WA. If you want surf you are going to be looking at Westport for the closest and most consistent surfing. There are lots of other spots, but Westport is going to be your most consistent. It is my home beach. I live 45 minutes away. A little too far for pre-work surf unless I can get a meeting in the area apres surf.

So right now we are looking at staying with some form of home here in WA. I would like a camping van as part of that to allow multi day trips to OR coast and spots North. Probably winters in AZ/FLA for golf. We will spend summer and fall in WA. I will be managing a cranberry farm and probably hanging on to my commercial real estate during my retirement which is out here on the WA coast. Leaving the spring for the surfing getaway months. I will surf WA/OR during the summer.

I don't want to work too much, but I think the farm and rentals are going to spin off enough extra cash to do whatever we want.