Restless in San Francisco...

[prubin]

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

 

[travelover]

Welcome. We look forward to hearing more from you.

 

[Martha]

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.

 

[Rich_by_the_Bay]

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.

 

[prubin]

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]

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.