I have been totally consumed by politics this week. I watched the star-studded line-up at the DNC, each speech outdoing the one before it. And finally, Barak Obama's speech--whether you like him or not, you have to admit, it's a refreshing change to contemplate having a president that can actually string a sentence together. I had an Obama buzz on Thursday night, followed by a McCain hangover Friday morning.
“It is conceivable that some people will think John McCain picked Sarah Palin to be his running mate because she is a woman. I know you find this shocking, but I swear I have heard it mentioned.
McCain does not believe in pandering to identity politics. He was looking for someone who was well prepared to fight against international Islamic extremism, the transcendent issue of our time. And in the end he decided that in good conscience, he was not going to settle for anyone who had not been commander of a state national guard for at least a year and a half. He put down his foot!
The obvious choice was Palin, the governor of Alaska, whose guard stands as our last best defense against possible attack by the resurgent Russian menace across the Bering Strait.
Also a woman, but that’s totally beside the point.”
Wow, that's a big caveat! Last week I wrote a post about using a simple, rough rule of thumb to figure out how much money you need to retire worry-free. The bottom line was that if you wanted to retire in your 60's, you would need to save a nest egg of about 25 times your expected annual expenses in retirement.
How much does a free vacation in Vegas cost? About the same as one that is not free.
This is a question I get asked frequently. Up until now, I've never felt qualified to make a recommendation on this question. Not because I didn't have an opinion (no one could ever accuse me of not having an opinion), but because I was having trouble conceiving of a coherent explanation. Recently, a reader emailed me this very question and I proceeded to write her a very convoluted response (sorry Denise!) It turns out, I've been making this much harder than it needs to be.
What does this mean to you? How can you translate this into something simple for retirement planning:
I think some of my friends and family may be having a little difficulty relating to the new Sydney. That is, Sydney on a budget. To be fair, I've never really been on one before. I can see how disorienting this might be for those that know me. I have drafted something in the past I called a budget, but it really was more akin to fantasy. I put numbers on a spreadsheet and proclaimed them to be a true reflection of our expenditures. Having never actually compared them to reality, it could hardly be asserted that we actually lived within said budget.
A few nights ago, some friends came over for dinner with their two kids. They had just returned from a family road trip that included a visit to that venerable bastion of learning, U.C. Santa Barbara. As this was the alma mater of both couples, we jumped on a campaign to "encourage" the kids to chose UCSB for their future higher educational needs. That would then afford us the chance to re-live our college days vicariously through them, the dream of every parent, right? (We do not have children, so these kids will be called upon to fulfill our dreams as well.) The elder, Taylor, who will be in the 9th grade in the fall suggested that perhaps we talk to her about this again in a few years, "like when I'm actually thinking about college and all that!"
Today my sister-in-law asked my husband and me, "So, are you guys still liking being retired, or do you ever get bored?"
While I've been busy painting my bathroom, I haven't been posting much on my blog.
"You can tell if you are avoiding personal growth in your career because you are not feeling challenged. You can tell if you are not feeling challenged if you are not scared. Being scared is what makes life interesting. You should be scared that you are going to fail at something because if you are not then you are not trying hard to do something difficult."