Retirement

Summer Traffic in Town

Main Street

Damsel took this photo of the main drag through town today on our way to an appointment at the clinic. There is only one car in motion in the two block long main part of town and most of the roadside parking is available. Just the way we like it.

The summer weather has always been abusive for the Snowbirds, who have largely vacated to their northern enclaves and is also a minor deterrent to tourism in town, but not to the extent of most businesses shutting their doors. People still come here in the summer, but only the hardiest of the road warriors. We still get a lot of biker traffic on weekends, even through summer.

These are the days, in the absence of the Snowbirds, where there is abundant parking at the supermarket and in the tourist district. After our visit to the clinic this afternoon, we were able to park curbside in front of a local merchant where we were making a purchase and when we stopped at the supermarket to get a couple of things, the parking was ample, the aisles in the store clear of the winter zombies and there was almost no waiting at the one checkout stand open today. How sweet the summer is . . .

Considering Retirement Alternatives Planning

IRA Calculator (click on the image to enlarge)

Hmmm . . . I guess the acronym for the title of this post is CRAP. Oh well, that is not important.

I was thinking about the eventuality of me not being here for the Damsel or vice versa. We each have our own IRAs and have each other as beneficiaries. I wanted to see what would happen to my Required Minimum Distribution (RMD) amount should I not be here or what the withdrawal implications of hers would be if she were to be gone. Hard stuff to think about but it’s gotta be done.

I looked around on the (insert famous savings institution here) website and did not find much information on my specific concerns. Next, I used an on-line search engine with appropriate keywords and found several links. One link to the Charles Schwab IRA Calculator proved to be the exact information I needed to know since it was specific to the beneficiary of an inherited IRA.

I needed to enter several relevant items: the balance of the account as of 12/31/14, date of birth, date of death, type of inheritance (spouse), beneficiary’s date of birth and an estimated annual rate of return. The calculator itself updates immediately with each new entry. I actually like this calculator better than the one found on my IRA holder website.

The answer to my original question of “what happens if . . . ?” is – nothing! When I go, she inherits the IRA just as it is and will continue to have the required minimum distributions just as it does today. If I should inherit her IRA, RMDs won’t be necessary until the year where she would have turned 70½ and the distributions would be based on her date of birth, not mine. The IRA distribution scenarios are identical whether we’re here or not.

Tempus Fugit

clock.gifIt is really difficult to believe that it has been a year already since we were agonizing over the water damage to our old house in the (formerly) golden state. All of the difficulty of making numerous 300+ mile six-hour each way trips to the old homestead were happening, starting just over a year ago. There were myriad chores: external property maintenance, insurance claims and adjustments, undamaged property disposal and repairs to the plumbing which was the original cause of the flood.

And now, we’ve been out of the old place for over nine months and couldn’t be happier about it. We have had our minds on getting our Arizona home improvements completed and are nearly finished. Best of all, we’re doing well in the financial end of things, having liquidated the excessive obligations of owning the “albatross” in California. You know, property tax, mortgage payments, utilities, gardener, road trips out there to do “whatever” and all that.

Tempus Fugit translates from the Latin to “time flies” and it certainly feels like it has since those desperate days. The best part about the passage of time in this case is that we don’t feel any older because of it. Damsel and I are glad that we’re in a position to get on with our retirement unabated by fixing up the old and improving the new.

More Lemon Blossoms

Lemon Blossom

Although there are many lemons already established on our lemon tree, there are bunches of new lemon blossoms popping out. I guess that there are bound to be even more lemons than we originally thought might be the case. This is fine with us – we will be harvesting the lemons for ourselves, our neighbors and a local seniors and disabled persons care center. The more the merrier.

We had a wonderful weekend. The temperatures for both days exceeded triple digits for both days and we’re glad to see the summer season finally starting after an unseasonably cool springtime. We ate a couple of very good weekend meals, including a tasty chicken Marsala entrée on Saturday, followed by grilled flat iron steak sliced on Sunday. The menu was an embellishment to our excellent retirement routine.

Another Grandson on the Way

Grandson Ultrasound

We have known for a couple of months that we are going to become grandparents yet again. My son called me today and announced that the ultrasound shows a 99% probability that this is a baby boy.

Even though we are already great grandparents, this is the first grandchild from this branch of the family tree. Our son and his wife both had careers to nurture before children, but we’re glad that the blessed event is on the way.

It was especially nice to get this news on Mothers Day. Happy Mothers Day to all.

Pruning the Lemon Tree


As Damsel indicated yesterday in her Lemon Blossoms post, we planned to prune back the lemon tree. Well, today was the day that I attacked the spurious growth of the little tree in our “orchard.”

There were multiple suckers growing out of the ground near the main trunk of the tree in addition to multiple sucker growth low on the trunk. Although there were lemon blossoms on some of the undergrowth, they all had to go in the interest of confining the tree growth upward rather than outward.

I would have trimmed the tree into a perfect round shape if I could, but I did not because of the upper branches that are viable and will produce fruit this fall. Therefore, the shape is a little lopsided and has some thin spots, but there are lots of lemon blossoms and buds. As a matter of fact, I have already found some tiny lemons now developing on some of the branches.

The image above starts out with the ‘before‘ photo and can be clicked to alternate between that and the ‘after‘ image, courtesy of Damsel. Flash™ animation and code by yours truly.

Garden Maintenance Day

Beavertail Transplant

Today was a beautiful spring-like day with temperatures reaching as high as 80°. It seemed like a perfect day to get some chores done.

The first task was to spray nearly three gallons of Roundup™ on all the weeds sprouting just about everywhere on the landscape. I have a two gallon spray container wherein I mix the concentrated weed killer with water. The container is one of those that you pressurize with a built-in pump. I sprayed most of the areas where the weeds had started sprouting, refilling the spray tank once.

The photo that Damsel took is of me putting the finishing touches on transplanting a Beavertail Cactus (opuntia basilaris) that had been growing in a pot in the courtyard. The paddles were rescued from a beavertail up near the north property line last year. This set of paddles had flowers last spring while in the courtyard pot and we’re hoping to have more this March through June.

You can see the finished item in the inset to the photo above. Click on the image (courtesy Damsel) to enlarge.