Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Hi, I'm Platy
Old 06-03-2004, 07:53 PM   #1
Dryer sheet wannabe
 
Join Date: Jun 2004
Posts: 16
Hi, I'm Platy

Hi guys, I'm just checking in to introduce myself. I've been happily non-employed for a bit over a year now.

I had a good 30 year career in software, including 14 years doing the startup and entrepreneur thing. What a wild ride.

The diligent savings and investment approach to retirement didn't work for me. Every few years something came up to wipe me out. But looking back it was the inclination to thrift and the ability to be frugal that let me start up that company and hold on through the lean years until it prospered.

I sold out a few years ago. I tried to keep working for the new owners but I never could get with their program.

About that same time the kids left home, my wife passed away, and I had one of those wake-up calls in the form of a heart attack. I just sort of sucked my thumb for a while. Then I started to see an opportunity to rebuild an entirely new life to suit myself. So I've been doing exactly that for the past year.


__________________
platypus19 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: Hi, I'm Platy
Old 06-03-2004, 10:16 PM   #2
Thinks s/he gets paid by the post
 
Join Date: Feb 2003
Location: Mesa
Posts: 3,588
Re: Hi, I'm Platy

Hi Platy,

Wow. . . What a story. I'm looking forward to hearing more about your financial rollercoaster history. It sounds like you'll have a lot to teach us. Hope we can help too.

And congratualtions on your retirement.
__________________
sgeeeee is offline   Reply With Quote
Re: Hi, I'm Platy
Old 06-03-2004, 11:43 PM   #3
Dryer sheet wannabe
 
Join Date: Jun 2004
Posts: 16
Re: Hi, I'm Platy

Thanks fer the welcome, SG. Getting out of the rat race has been a real pleasure. Working had its satisfactions, but y'know you reach a point where you've accomplished all you want and you would be just mechanically going through the motions to keep on.

I'm targeting an annual retirement budget of $24K. Some of the lifestyle adjustments I have made are large, such as not owning a car. Others are medium, such as persuading the doctor to switch my prescriptions to older, unfashionable off-patent drugs. And of course there seem to be hundreds of small adjustments such as lowering the temperature of the water heater, cooking more or less from scratch, and spending the time to search out the phone plan that best matches my actual usage. (I guess that's the dryer sheet aspect of non-employment?)

The real reward of course is that the hours of my life belong to me again. I've been able to do things just because they are fun. Perhaps best of all I seem to have actual friends again, not just buddies from work.


__________________
platypus19 is offline   Reply With Quote
Re: Hi, I'm Platy
Old 06-04-2004, 03:33 AM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
dex's Avatar
 
Join Date: Oct 2003
Posts: 5,094
Re: Hi, I'm Platy

Platy,
Congrats. It looks as if you are succeeding in life.


__________________
Sometimes death is not as tragic as not knowing how to live. This man knew how to live--and how to make others glad they were living. - Jack Benny at Nat King Cole's funeral
dex is offline   Reply With Quote
Re: Hi, I'm Platy
Old 06-04-2004, 04:15 PM   #5
Dryer sheet wannabe
 
Join Date: Jun 2004
Posts: 16
Re: Hi, I'm Platy

Thanks, dex!

I just spent the afternoon pondering what to do about health insurance when my Cobra runs out. I guess that question hasn't ever come up here before, huh. What would suit my individual situation would be a PPO with a 100% copay. To clarify, that means you pay all the charges out of pocket, but the fees get billed at the PPO's highly discounted rate (around 60%) instead of the inflated Fee-for-Service list price. I think this is called "buying the discount" and it is rumored to exist but I certainly haven't been able to find such an animal.

__________________
platypus19 is offline   Reply With Quote
Re: Hi, I'm Platy
Old 06-04-2004, 05:55 PM   #6
Full time employment: Posting here.
 
Join Date: Mar 2004
Location: No Where for Very Long
Posts: 747
Re: Hi, I'm Platy

Hang in there Platy. I wish you the best of luck.

Lance
__________________

Lancelot is offline   Reply With Quote
Re: Hi, I'm Platy
Old 06-04-2004, 08:04 PM   #7
Thinks s/he gets paid by the post
 
Join Date: Feb 2003
Location: Mesa
Posts: 3,588
Re: Hi, I'm Platy

Quote:
Thanks, dex!

I just spent the afternoon pondering what to do about health insurance when my Cobra runs out. *I guess that question hasn't ever come up here before, huh. *What would suit my individual situation would be a PPO with a 100% copay. *To clarify, that means you pay all the charges out of pocket, but the fees get billed at the PPO's highly discounted rate (around 60%) instead of the inflated Fee-for-Service list price. *I think this is called "buying the discount" and it is rumored to exist but I certainly haven't been able to find such an animal.
Hi Platy,

I've not heard of the PPO with 100% copay, but I agree that this would be my idea of ideal insurance too. When I researched this problem about a year ago, I did find policies that were 100% copay till you hit a threshold, then were 100% covered. If I remember correctly you could set the threshold to $10,000 per person per year. Golden Rule offered one of these policies. I think they called it Plan100.

I ended up with another high deductible policy because Golden Rule managed to screw up the paperwork and miss my deadline to have insurance.

Good luck.
__________________
sgeeeee is offline   Reply With Quote
Re: Hi, I'm Platy
Old 06-04-2004, 10:20 PM   #8
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
Re: Hi, I'm Platy

Might be in the ballpark of what you're looking for, if theres a doctor near you

http://www.simplecare.com/index.htm
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Re: Hi, I'm Platy
Old 06-05-2004, 09:46 PM   #9
Thinks s/he gets paid by the post
wabmester's Avatar
 
Join Date: Dec 2003
Posts: 4,459
Re: Hi, I'm Platy

Ugh, I looked at their WA directory. Nice idea, but it looks like most of the participating docs are the type you couldn't pay me to see (acupuncture, chiropractic, etc).

BTW, Platy, 30 years in software is pretty impressive. You started back when there were only a handful in the craft. Now all of India is in on it :-/
__________________
wabmester is offline   Reply With Quote
Re: Hi, I'm Platy
Old 06-06-2004, 12:37 AM   #10
Dryer sheet wannabe
 
Join Date: Jun 2004
Posts: 16
Re: Hi, I'm Platy

Thanks, Lancelot, SG & TH!

As far as I can tell, the U.S. healthcare system is broken. Last week I asked my cardiologist how much certain specific treatments might cost a patient. He had NO IDEA. He knew what his part of the charges would be, but that was a small fraction of the total.

That same week I asked my financial planner about going bare and taking the Full Fee for Service approach. He recoiled in shock and told of a case where one of his clients passed away, and then the undiscounted medical bills started to come in (750K). He said he called around to get an idea of what the typical insurance company discount would be, made a settlement offer for the discounted amount, and had it accepted the same day. That's what led to my search for a 100% copay health plan. It doesn't solve the pure insurance problem of limiting one's exposure to a predictable maximum amount, but you can easily see how it would be a big part of a solution for some people.

Wabmester, no kidding, the software biz has changed a lot. There are now maybe ten million cooks working on that particular broth now, and man is it a mess. Oh yeah, the attorneys are getting involved now, too, and that always helps things. For a dinosaur like me it looked like a good time to make a getaway.
__________________
platypus19 is offline   Reply With Quote
Re: Hi, I'm Platy
Old 06-06-2004, 05:11 AM   #11
 
Posts: n/a
Re: Hi, I'm Platy

Hi Platy,

I also had 30 years of software. The first computers that I worked on had core storage of 12K and 16K. Actually wrote a few simple programs in 1's and 0's
__________________
  Reply With Quote
Re: Hi, I'm Platy
Old 06-06-2004, 02:03 PM   #12
Dryer sheet wannabe
 
Join Date: Jun 2004
Posts: 16
Re: Hi, I'm Platy

Hi Cut-Throat

Sounds like we both have our computing roots in the same era. I did 1's and 0's style programming as recently as two years ago when I wrote some software to let a little single chip controller boot up a bigger microprocessor by instruction jamming. So machine language isn't completely dead yet!

A lot of the old style techniques are still used in digital signal processing and programmable gate arrays. As software technology passed me by I found myself specializing more and more in those areas.
__________________
platypus19 is offline   Reply With Quote
Re: Hi, I'm Platy
Old 06-06-2004, 02:52 PM   #13
 
Posts: n/a
Re: Hi, I'm Platy

Platy,

I got into the manufacturing application software area about 5 years into my career and did everything from R&D, Customer Service, and Management

So, that is my fallback. If I had to, I could get a job, but I think, after being out for 3 years, it would literally kill me!

I never kissed Corporate Butt, so I did not succeed as well as some of my co-workers. But I can still look myself in the mirror!
__________________
  Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


 

 
All times are GMT -6. The time now is 12:34 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.