Hi Folks

Thanks for all the responses! You can't imagine how curiously comforting it
is to talk about retirement while preparing for a Monday morn.

Now Deepak, those were some great tips and links. Thanks so much. I guess
I'm partially there in terms of a corpus, and I sometimes get anxious that
I'm not further down the road, but I feel reassured with your explanation
of how to steadily build it up over the years. I was wondering what you
meant by buffers in your statement:

>You don't want a precise plan - you need lots of buffers - but you need an
idea that this takes me to age 90.

Yes, I do need to factor in a child's expenses. As for travel, I'll try and
do that while I'm still earning and shoestring it later. That was a sound
portfolio plan you laid out.

Rajesh: I'm guessing Deepak's company also does financial management. I've
been working with Credence Family Office based on Bangalore.

Shyam/Shobha: Lovely to meet you folks here. Will circle back and give an
update at some point. Frankly, I really don't know if I have a good number
in mind. Need to analyse that a bit more.

To Dave and other's points on wondering what to do with time - I don't
think I'll have that challenge at all. I have a number of things that I
want to do. Or want to do more of. Like not ending a sentence with a
preposition. Shame on me. :)


On Sun, Sep 18, 2016 at 6:49 PM, Shyam Sunder <shyam.sun...@peakalpha.com>

> Hi Sandhya:
> Human case study - fascinating idea.
> Getting back to the grind would be, I am sure, surprisingly reassuring and
> satisfying in some areas. Meanwhile, it does look like you have the
> building blocks of a good retirement plan in place. I hope you have a
> number to work with as a target retirement corpus, which has been arrived
> at reasonably conservatively. Once you are past that milestone, you will
> once again be working because you love it, not because you need to.
> It would be great to get another update from you a year or two from now,
> on how it all panned out, sent while on your travels with your daughter to
> another exotic location. Good luck with everything!
> Warm regards
> Shyam
> -----Original Message-----
> From: silklist [mailto:silklist-bounces+shyam.sunder=peakalpha.com@
> lists.hserus.net] On Behalf Of Sandhya aka Sandy
> Sent: 15 September 2016 13:41
> To: silklist@lists.hserus.net
> Subject: Re: [silk] To retire or not - that is the Q.
> Hi Folks
> I had posted the original question about a couple of years ago and I
> thought that I'd share my journey since then as a "human case study" on
> this subject as it were :). So this may be a somewhat longish post. I got a
> lot of valuable tips from the thread then (thanks!!) and here are the ones
> I implemented:
> 1) Put together a *retirement corpus* (have to admit that I didn't exactly
> have one at that point in time): took the payout from the company,
> liquidated assets such as an old property, withdrew PFs, exited expensive
> schemes and streamlined outflow of money - I found a surprising number of
> recurring payments that I didn't really need to make. I also moved my home
> loan to another bank with a lower interest rate.
> 2) Hired a* professional "family office" investment consultant* to invest
> and maintain this corpus. I enjoy the financial planning aspect of wealth
> management, but my weakness is I hate paperwork - and this from a person
> whose career was built on documentation! So for my own sanity, I decided I
> needed this service.
> 3) Took out a *personal health insurance* before I left the company. It
> was helpful to ensure that I get some things done while still employed:
> credit cards, visas etc. These get much harder to apply for if you have a
> fledgling business.
> 4) Started a *consulting business* in training. I got a documentation and
> a training gig working few days a week right from the get go, that provided
> enough to cover monthly expenses. I also invested in some *skills-building*:
> went through training to get coaching certification as I enjoy that.
> So far, so good. I had my expenses covered, got a little extra time to
> spend with my daughter, went for training classes, could catch up with
> friends, and even attended sketching classes to indulge a long-neglected
> hobby. I spent any spare time writing, which is my first passion.
> Then, what? I had today covered, then I started wondering if I have the
> tomorrows of my daughter (who was only 4 then) and myself covered. What
> about inflation, rising educational and other life costs my daughter had
> yet to incur. I realised my corpus just wasn't quite enough yet, and as a
> single Mom, I had only my own resources that I could count on.
> If I sold my current *house*, moved into a smaller place, and downsized
> our lives, we could still manage. That was what my head said. But when the
> time came to do it, I found myself wavering. It's a lot harder to do,
> especially if you're accustomed to a certain lifestyle that comes with
> three decades of corporate life.
> All I got from my parents was a good* education* and I was determined to
> give my daughter that. She was flourishing in her current school I couldn't
> quite see her being as successful in another curriculum. So that meant
> continuing her current expensive school and whatever that led to. She had
> jsut started her education and had another 10-15 years to go.
> What I never heard growing up was a constant place to call "home" as I was
> an Army brat. My house gave me that, and I wanted my daughter to have that
> as long as possible. The real estate market in B'lore being what it is,
> getting another place to stay may eat away a significant part of whatever
> additional corpus I might get through a sale. Also, this was a safe, gated
> community and a nice environment for her to grow up.
> I also enjoy globetrotting and there are so many countries in the world I
> haven't been to yet! And I wanted to share that with my daughter too.
> What all that meant was that I wasn't really ready to downsize. At least
> not just yet. I was sure my consulting service would build up, but that
> would take time, I also figured that I had another decade worth of working
> in me before retiring from corporate life. That would be the fastest way to
> maintain all my above mentioned aspirations. I had just come to this
> realisation when I got a job offer from a company nearby. In the meantime,
> My family (parents, sis and family) had moved in with me to help with child
> and home care. So taking care of the home became more of a shared
> responsibility and that gave some relief.
> So I'm back to the grind, not exactly loving it, and come to terms with
> what that gives to my life. However, with this whole exercise, I have a
> clearer path to retirement, have things sorted in my head, and I try to
> make more time for the things I want to do.
> Still planning for retirement... and more immediately, a trip to Vietnam!
> Sandhya
> On Wed, Sep 14, 2016 at 10:59 PM, Dave Long <dave.l...@bluewin.ch> wrote:
> > Shyam (and others), would be interested in your thoughts on this
> approach.
> >>
> >> http://www.wsj.com/articles/how-to-get-more-pleasure-out-of-
> >> retirement-spending-1473645961
> >>
> >
> >
> > Ideally, money is not the only scare resource one has to allocate in
> > retirement: there's also time.
> >
> > There are many pursuits where willingness to be awful for a short
> > while at first eventually pays back with an upward slope (granted,
> > likely with several plateaus) of mastery.
> >
> > Some of these pursuits even allow one to apply that mastery to
> > increase derived pleasure without increasing spending.
> >
> > -Dave
> >
> > Le Guin, "The Dispossessed":
> >
> >> And then there is challenge. Here you think that the incentive to
> >> work is finances, need for money or desire for profit, but where
> >> there’s no money the real motives are clearer, maybe. People like to
> >> do things. They like to do them well. People take the dangerous, hard
> >> jobs because they take pride in doing them, they can — egoize, we
> >> call it — show off? — to the weaker ones. Hey, look, little boys, see
> >> how strong I am! You know? A person likes to do what he is good at
> >> doing…
> >>
> >
> >
> >
> >

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