Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Restless in San Francisco...
Old 10-19-2007, 12:48 PM   #1
Recycles dryer sheets
 
Join Date: Oct 2007
Posts: 70
Restless in San Francisco...

I found this website yesterday when I googled the title of an article about Social Security planning. Here are some basics and demographics:
  • 62 years old, wife 58
  • owner of SFR in San Francisco -- 20 years of home equity growth which we are preparing to cash out
    • selling of house in San Francisco typically requires moving out so the house can be staged -- the timing of selling creates a cascade of decision points
  • employed and now working reduced schedule (80% / 4 days per week) full benefits, wife working full-time, however, temporary assignment
  • assets 'appear' to be enough to leave well paying job, however,
    • worried about giving up employer provided health insurance
    • plan to leave SFBay area but have not decided where to go
  • planning transition to financial planning as next career -- 1 course to go in CFP education program.
  • My plan is to work part-time as an employee and I would like to provide financial planning services to an underserved segment of the population; folks with less than the asset threshold that attracts younger, hungry financial planners
That;s enough for now
__________________

__________________
prubin 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!

Old 10-19-2007, 01:01 PM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
travelover's Avatar
 
Join Date: Mar 2007
Posts: 9,878
Welcome. We look forward to hearing more from you.
__________________

__________________
Yes, I have achieved work / life balance.
travelover is offline   Reply With Quote
Old 10-19-2007, 01:05 PM   #3
Moderator Emeritus
Martha's Avatar
 
Join Date: Feb 2004
Location: minnesota
Posts: 13,212
Welcome! It is interesting how you found this forum. We have people all over the country (and even out of the country for that matter) who can give you feedback on different areas to live. We also have a number of people who know a fair amount about health insurance. A wonderful resource on learning your health insurance rights is Georgetown University's Health Insurance and Coverage Help for Consumers Everywhere.

My BIL is a financial planner in a small town in Wisconsin. A number of his clients do not have significant assets. It may be tough to make a living from that group, but it could be a good service.

We have several financial planners on this forum. Watch out, we tend to be do it yourselfers and often give financial planners a hard time.
__________________
.


No more lawyer stuff, no more political stuff, so no more CYA

Martha is offline   Reply With Quote
Old 10-19-2007, 01:06 PM   #4
Moderator Emeritus
Rich_by_the_Bay's Avatar
 
Join Date: Feb 2006
Location: San Francisco
Posts: 8,827
Quote:
Originally Posted by prubin View Post
I found this website yesterday when I googled the title of an article about Social Security planning. Here are some basics and demographics:
You're close enough to age 65 that with an 18 month cobra policy, your insurance needs might be taken care of by age 63.5.

In your place, I would assure continued insurance coverage before pulling the trigger. Example: private policy if available (make sure it covers you in the place you want to move to), continuation policy from current employer, spouse's group policy if any, or high risk pool in your state. If not available, you always have the option of waiting 1.5 years to retire.

Going bare is not a good idea.
__________________
Rich
San Francisco Area
ESR'd March 2010. FIRE'd January 2011.

As if you didn't know..If the above message contains medical content, it's NOT intended as advice, and may not be accurate, applicable or sufficient. Don't rely on it for any purpose. Consult your own doctor for all medical advice.
Rich_by_the_Bay is offline   Reply With Quote
Old 10-19-2007, 02:50 PM   #5
Recycles dryer sheets
 
Join Date: Oct 2007
Posts: 70
Quote:
Originally Posted by Martha View Post
snip

We have several financial planners on this forum. Watch out, we tend to be do it yourselfers and often give financial planners a hard time.
Planners hawking fear to sell products "deserve" a hard time. Most of the population is DIYers. I took an estate planning class from an attorney who said when people came to him with the messes they had created he thought of a Second Skit about DIY dentistry.
__________________
prubin is offline   Reply With Quote
Old 10-19-2007, 02:54 PM   #6
Recycles dryer sheets
 
Join Date: Oct 2007
Posts: 70
Quote:
Originally Posted by Rich_in_Tampa View Post
You're close enough to age 65 that with an 18 month cobra policy, your insurance needs might be taken care of by age 63.5.

In your place, I would assure continued insurance coverage before pulling the trigger. Example: private policy if available (make sure it covers you in the place you want to move to), continuation policy from current employer, spouse's group policy if any, or high risk pool in your state. If not available, you always have the option of waiting 1.5 years to retire.

Going bare is not a good idea.
I am a Kaiser HMO patient and under their California COBRA plan I actually entitled to 36 months. This was a motivator for switching from PPO to this HMO. The problem is Kaiser is regional and one of our relocation preferences is outside of Kaiser's geographic reach.
__________________

__________________
prubin is offline   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


Similar Threads
Thread Thread Starter Forum Replies Last Post
Visiting San Francisco lar717 Other topics 13 10-12-2006 07:44 AM
USS HONOLULU transplanted to USS SAN FRANCISCO-- ?!? Nords Other topics 4 06-26-2006 03:29 PM
Streets (Bums) of San Francisco OldAgePensioner Other topics 11 05-19-2006 09:15 AM
San Francisco Area Real Estate Cooling Off? cube_rat Young Dreamers 12 08-09-2005 03:55 PM
San Francisco expense report trumpeting_angel Other topics 8 07-19-2004 06:08 PM

 

 
All times are GMT -6. The time now is 11:17 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.