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Picture taken by my friend Cyndi Leos....thank you Cyndi.

Wednesday, May 26, 2010

We're building our retirement from the bottom up...

Our three days to cancel the Reverse Mortgage are up today.  Our specialist phoned.  We needed to sign two more pages in our inch thick loan paperwork.  Apparently, when the Notary FED EX'd it to the Title Company, those two pages were missing. The Specialist went to my husband's work to have him sign and offered to come to our home for mine.  I told him I would meet him at his office, which is right down the street.

The Reverse Mortgage is the base of our retirement structure.  We have an appointment this weekend with our financial advisor, to make the best of what funds we have left from all the economic downfall.  We are going to see a Tax specialist to review the past two years of taxes to see if there were any mistakes and how we can improve our situation and plan for retirement.

I am examining all our expenses to see how we can eliminate or reduce spending. Does anyone know of a website or blog on how to minimize expenses?  I need to find a good resource for "greening" our utilities...to save energy and money...

We have already gone through all of our insurance plans for expiration dates and determining which to keep and which to let go...

I want to have a big yard sale with my daughter in law to sell what we don't need.  Our goal is to simplify, purge and eliminate extra weight.  Each year I will have the upcoming Spring as my goal to prepare for selling the house.

I will be applying for my Social Security soon in preparation for my husband's retirement...

Onward and upward...

5 comments:

Teresa - in the Middle Side of Life said...

when you find such a website, be sure to post it so i can use it, too . our big yard sale is a week from saturday; hopefully i'll have as much for sale as i'd like to. we shall see... on saturday, ron says he's going to sit in the garage while i sort things and pick out what he's selling. i hope it's lots. and, i hope it sells!

good luck with your garage sale.

That corgi :) said...

seems like you are making good progress to simplify and reduce. we went through this a few years ago when the economy started falling apart to see how we could cut expenses. definitely reducing and getting rid of what you don't use is a good start. it is hard to do too much with utilities especially where you live where you need to be comfortable and have to run the air condition on those terribly hot days.

betty

Donna B said...

betty: Our biggest draws for electricity are the TV, computers, AC during June, July and August, and a refrigerator in the garage. I go back and forth wondering if turning off the computers at night will safe or not...

Teresa: Now that is getting hot, I am not sure I want to subject myself to having a yard sale in the heat! I would probably give everything away the first hour!!! Good luck with yours!

Cmom said...

You go girl. While retirement is a long way off in my future....it is never too early to start thinking about it! Thank you for the inspiration!!!!!!

Donna B said...

Thanks Cmom...take heed though, you need to start planning so much earlier with the way things are now. If you want to be secure, start saving and investing. Read Suzie Orman and learn so you are not blindly trusting some Financial Advisor.