RichC | November 14, 2024
After a great visit with Taylor in Florida last week for his planning conference, he’s right back into the hornet’s nest in trying to find the best way to navigate economic growth and housing development in his township. The battle lines are being drawn between fairly large housing developers and builders who are growth focused […]
RichC | May 19, 2024
It is time to face the inevitable that working later in life is not a reality for most people. As I commented on a Barron’s article last week, you “better have a Plan B or even a Plan C” in case there is a health concern that prevent working later in life. From personal experience, […]
RichC | October 21, 2023
This whiny post is going to ring hollow for those going through serious problems … or even noticing that I was recentlydifficult time adjusting to shifting gears. Brenda and I now have more unstructured time, particularly since Brenda’s surgeries and rehab (although I do still try to do work each day). The earlier than expected […]
RichC | June 3, 2023
What a super nice office and comfortable place for Taylor to work. I find myself envious of his new position as “Director of Planning and Zoning” in Batavia Township, Ohio. As a parent, it is rewarding to see your children excelling in their careers and appreciated by those they work for and with. I’m confident […]
RichC | May 23, 2023
My son Taylor has another semi-repeat backpacking trip planned with a friend from North Dakota (he is now in Montana) for the end of the summer in Glacier National Park (different area). The permits were obtained for the “loop” that they wanted … so now the packing and getting in shape begins (it was fun […]
RichC | May 18, 2023
Most people spend their lives going to school, focused on work and career, raising their family and after 6 decades or so can plan for the day they shift gears and retire. The question arises, what do you want to do and where do you want to live when you aren’t restricted by school and […]
RichC | December 20, 2022
By CC BY-SA 4.0, Link Since I’m a tail-end baby boomer, at least according to the charts, the thought of “did I plan properly for retirement” regularly crosses my mind. Having lived through the last couple of decades of economic ups and downs without significant inflation …beyond the normal and desirable 2-3% per year (except […]
RichC | February 17, 2021
For those of us living in a post-pension world, planning for retirement comes down to how much can be saved in 401K and IRAs … and how to make it last once retired. Most people rely on the “multiple buckets approach” to coming up with enough dollars to pay for bills and “hopefully” live comfortably […]
RichC | July 18, 2020
As politicians and most of us in the United States (and probably world) debate how to live under the shadow of the Coronavirus pandemic, researchers, doctors and academics are flooding the Internet with studies and opinions both for and against opening up the country. Some have our best interest at heart … and likely some […]
RichC | February 17, 2020
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RichC | January 26, 2020
graphic credit – Enza Financial There was an excellent podcast on Charles Schwab‘s WashingtonWise Investor (link) last week with Mike Townsend and Dan Stein that summarized the 2020 changes for those planning their retirement – hopefully everybody. Most of the new changes made by Congress last year in the SECURE Act are based on Americans […]
RichC | January 3, 2020
As far as one of my biggest investing mistakes goes — buying General Electric ($GE) “after their initial collapse in 2017” – I am hoping this next year “might” be a year of true recovery (pre-posting over lunch on Thursday January 2, 2020)? Of course that is yet to be, but 2019 was at least […]
RichC | December 20, 2019
As the year and decade wind down, it is the time of year investors and financially prudent planners take note of their savings and retirement portfolios. Barron’s surveyed strategists who continue to expect “more gains ahead for U.S. stocks” with the caveat, “barring a jarring election or a derailment in U.S. – China trade.” So […]
RichC | August 12, 2019
As hinted at last week, today is the day I want to wish my wonderful wife Brenda a Happy Birthday. We are looking forward to our slowly closing the chapter of “career” (no hurry yet) … and are starting to plan the new chapter called “retirement. Anxious? Who me? Although we may have changed a […]
RichC | May 15, 2019
More than likely Florida is at least considered due to better winter weather, a low cost of living and no personal income tax. There are a few other growing destinations, but very few in high tax states or in the cold north. It may come as no surprise that Florida snagged the top spot once […]
RichC | March 17, 2019
Years ago I thought I could outsmart the market … and in the 1990s when the tide was lifting all boats, I could … but that was before algorithms and computerized trading. I’ve since learned not to continue that dangerous “day-trading game,” at least for the most part. Still, new investors see a “system” working […]
RichC | March 2, 2019
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RichC | February 19, 2019
After working on both the condo guest bathroom and kitchen last year in Delray Beach, Florida, I’m hoping to work on the master bathroom when we vacation this year. Our renters have emailed just how pleased they are with the new updates and suspect they will rent again in 2020? At one time I planned […]
RichC | February 4, 2019
While chatting with my son Taylor over the weekend about the terrible news regarding the killing of a law enforcement officer in the county where he works (depressing), we discussed his career options again. His job is currently to his liking, but the challenge and opportunity for advancement and salary improvement is dependent on seniority […]
RichC | September 17, 2018
None of us likely compliment others enough, but being on the receiving end of an unexpected compliment feels pretty good. It is past due that I do the same for someone else. Last week I connected with a friend that I don’t see as often as I use to, but he mentioned he keeps up […]
RichC | June 26, 2018
How does on plan for the flattening yield curve – or even inversion (spread between 10-yr and 2-yr Treasury Bonds)? Barron’s – June 2018: “Inversion has an amazing record of forecasting recession…but stocks have typically continued to rise (sometimes sharply) after the inversion with a median gain of 13.1%.…Bottom line: the flattening yield curve is […]
RichC | June 9, 2018
A conversation this week about "when to retire" after I mention attending my brother’s early retirement lunch lead to the question "how much do you need to have saved to retire?" Of course we ALL know the answer to that … "it depends." Yup, very helpful #sarcasm … yet so true, considering the differences in […]
RichC | May 11, 2018
Retirement is continuing to change and "has changed a lot in recent years, and may be far different from what you expect," says Tom Sightings, author of You Only Retire Once. The biggest difference is that you will most likely be responsible for overseeing (or hiring out) much of your own finances and health care […]
RichC | April 10, 2018
While reading a bit this past week about retirement savings and planning, it really hit home when realizing just how lifespans have changed in the past 100+ years. Did you know: •In 1900, the average life expectancy was 47 years. Only 100,000 Americans lived to age 85. •By 2010, the number of people over 85 […]
RichC | January 13, 2018
Google Maps view of the space D-8 that will be Encore‘s new dock After hauling Encore last year for some much needed out-of-water bottom work, I’m hoping to relaunch and have her back in the water in February for the improving weather this upcoming spring. But with such few trips and infrequent sailing, I’m torn […]
RichC | November 24, 2016
On the recommendation of Carolyn Goodlander (wife of Fatty Goodlander), I’m giving the FastSeas.com weather routing and passage planning online tool a try. Not that I’m planning a bluewater passage to Bermuda just yet, but it is interesting how technology has changed route planning. Where it seems to help is in tweaking departure dates and […]
RichC | May 3, 2015
Brenda and I knew the good news when we were on vacation last week that Taylor received an offer from Clermont County, Ohio … although Taylor didn’t yet returned to Williston North Dakota to submit his resignation properly (therefore no public blog post). On Friday, Taylor submitted his letter and verbal resignation to his superiors […]
RichC | November 26, 2014
Took this photo while enjoying a warm and quiet evening relaxing in the cockpit before heading for home and back to less attractive weather, but it will soon be Thanksgiving and a time to be “thankful.” I’ll need to keep reminding myself that when the snow starts to fly! On the positive side, having a […]
RichC | July 28, 2014
I regularly eyeball the government’s reported CPI inflation data (although question the applicability for real living in America?), and am concerned for those planning or already retired living on their “conservatively” invested savings. Many that I’ve talked with moved to cash positions after the 2008 recession or moved to much more conservative investments. Others hold […]
RichC | June 26, 2014
When talking about my kids, people know what my daughter Katelyn does when I tell them she is a “pediatrician,” but most have no clue what my son Taylor does when I explain he is a “planner” for Williams County, North Dakota. The usual, “huh?” reply or just the blank look on their face tells […]
RichC | September 10, 2013
Taylor took a bold step toward his future by accepting a planning position in North Dakota. Since graduating from Miami University in May, the resumes and cover letters have been many, but openings in his field few. With the feedback always highlighting a desire for more experience, Taylor decided that starting his planning career in […]
RichC | August 28, 2013
My recent college graduate came back from his test-taking City-County Planning interview trip to Santa Barbara today and has fallen head over heels in love with California, at least the part that he was seeing. Besides his taking the next step in the interview process, Taylor was able to explore the area a bit by […]
RichC | August 16, 2013
While helping my son bone up for an interview for a planning job west of the Mississippi … and well north too, he began reading a bit of information on the county so he can at least talk intelligently with the interviewer. He researched the area, included cities and towns, geography, political make up, culture […]
RichC | October 29, 2012
It sure has been nice to see my daughter on weekends the last couple of months as her residency schedule has been somewhat gentler. Unfortunately she knows it will not last and the rotations will eventually be more challenging and stressful in a couple more weeks. She went to a wedding show near Kings Island […]
RichC | September 30, 2012
My weekend was filled with more wedding stuff and with three of the most important women in my life. On Saturday I chauffeured Brenda and Katelyn to and from a few more wedding planning functions as well as participated in more cake tasting. This time the final cake arrangements were made. My wife and daughter […]