Posts in category "post-retirement" - page 18
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The Nun-Chucks Project
So far in this blog, I have been posting articles with advice and tips about finance and how to retire early. But when I started the blog, I did not intend to keep it strictly about retirement or finance. I just wanted to post my journey to retirement and retirement activities. My posts have been about financial planning, tips and advice, mostly upon requests from friends and colleagues. This post, and probably a few more upcoming posts will be a deviation from that style :D , since I want to write something about post retirement activities. You may skip this one if you are here just for some financial advice.
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Financial Support for Your Parents
You are currently working and deriving a salary. It is easy to support your parents with the salary. But how about when you retire? Hopefully, you have included supporting your parents as part of your expenses when calculating how much do you need to retire. Alternatively, they have enough corpus or other income that will let them support themselves and live independently. In my case, it was a mix of both and I thought I should explain how I am handling it. May be it will help you get some clarity on how you want to go about it.
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Bored In Retirement. Not.
When I announced my early retirement, some well wishers asked me if I would get bored with so much time on my hands at such productive age. When I told them that I will be working on some fun projects, which should keep me busy, they still wondered if I would feel bored after 6 or 9 months. Some call or email me every few months to see how I am doing. My relatives ask my parents if I am getting bored. It is now almost 9 months since I retired and yet my To-Do list keeps on growing and there is no scope for boredom. But it is fun that way because I am working on the things that keeps me interested and excited to jump out of the bed every morning to tackle them.
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My Annual Expenses Explained
In my last post, I went over my monthly expenses. In this post I will go over my annual expenses so you too can plan your annual expenses along those lines. For the year 2018, I budgeted an annual expense of Rs. 3,60,000. That comes out to Rs. 30,000 per month. Annual expenses are those expenses that occur less frequently than a year. So things like property tax, buying a car, painting your house etc will come under annual expenses. My annual expenses planning is shown below.
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My Monthly Expenses Explained
In one of my previous posts, I briefly mentioned that I planned my monthly expenses to be around Rs. 50,000 per month. In this post, I want to explain a bit more on how I arrived at those numbers. May be it will help you figure out your own expenses in your retirement.
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My Daily Routine
Ever since I retired, lots of people have been asking about my daily routine. So I though I should probably write about it and help the folks :) and this is that post. Before I get started, you have to remember a few things about my reasons for retirement. First, I did not retire to do a startup and run like crazy. That is not to say that I am playing video games and watching TV all day either. I found my Nirvana by doing just enough and not too much. I have a lot of free time and my brain does not get overrun with multiple thoughts demanding its time and causing it to stress. So you might be surprised to see that my daily routine is almost completely about doing non-productive stuff. None of what I do on a daily basis will make the world a better place, or gift humanity with a new invention or device that begs for your attention. Some people feel that I am wasting my knowledge, skill and expertise by not doing anything.
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Year In Review - 2018 Expenses
Continuing the "year in review" series, this time lets go over my expenses last year. Did they go according to plan? Did I over estimate or under estimate? I wrote a couple of posts explaining my monthly and yearly expenses. You can check those out for more details. But for this post, I will just go over them briefly and how they panned out over the course of last year.
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Year In Review - 2018 Returns
Update on July 15, 2019: I made a mistake in how I calculated my returns and as a result, my returns for 2018 was actually 2.17% and not 4.13% as indicated in this post. Except for that one mistake, rest of the post is accurate to my knowledge as of today :). So I still did not beat all the indices really.
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Year In Review - 2018
A happy new year to you! The year 2018 has been exceptionally exciting for me. The last such eventful year has been 2002 when I took a flight for the first time in my life to a country half way around the globe, to pursue my Master's degree. Back in 2002, there were a lot of new things that I have never experienced before -- the culture shock, self reliance, clean roads, every shop, house and office having air condition, tons of cars and almost no people on roads, huge university campus, and much much more. Every day was like a new experience and exciting in its own way. Fast forward to 2018, and I had a similar kind of exciting year after a long time.
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The 70:30 Asset Allocation
In my previous post, I talked about about allocating 70% to equity and 30% to fixed income and just keep that ratio irrespective of which stage you are in your life. But does it really work? Lets work out some examples to see how it might work under various conditions.
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