Tuesday, February 11, 2020
So we will have to see what happens. There is a new medication that is supposed to help.
Monday, February 10, 2020
I have been saving in earnest towards retirement for a while, maybe the past ten years. At 52, it is not a very long while to have been saving for retirement. I did have a IRA account through my school but rules changed and I could no longer contribute to that account so it has sat dormant since. I was not happy with the high percentage cost IRA's they offered after that so stopped contributions in that way. I do have a pension through the teachers retirement system. It is a good program if one continues to teach for the full thirty years on the rule of 90. Retiring from teaching after twenty years, not so much.
I read a bit. The Mr. Money Mustache , I just found Get Rich Slowly, The Dave Ramsey fellow. It is all a bit overwhelming and too much. Today, I found a good article on $1000 a month in retirement, basically it is necessary to have $240,000 in an account earning at least 5% return in order to pull out $1000 a month. For every $1000 a month desired, one needs $240,000 in a "retirement" account.
In many ways retirement wise I am fortunate. I am basically single with no children. I have a good job that pays slightly less than the median household income in Oklahoma. I bought a house about 10 years ago in a rough part of town for abut $50,000 and got it paid off. My truck has 250,000 miles on it. Dining out is my biggest expense. Things are changing in my girlfriend just got a new house. We will be fixing it up and using the current house as a short term rental or an AirB&B.
I have a glass studio that breaks even on expenses and earnings each year. I do pay myself $1000 a month from the studio and put $800 (with a $24 match) a month into a Vanguard Simple IRA account. I do have a CPA for taxes and keeping everything in good order from a legal standpoint.
I have several savings accounts earmarked for purpose. I have an HSBC travel account. This account is funding through a couple of modest oil royalty checks from wells my father has given my brother and me. The HSBC card can be used outside of the US without fees. We have been to Tulum Mexico a couple of times and it is a great place to visit. I opened the HSBC account with Tulum in mind as they have a branch so getting cash is easy. I have a summer travel account that pulls automatically from checking every month. I have a house and truck savings accounts where I funnel left over funds from checking at the end of each month. I did open a Money Market Mutual Fund account with the truck fund and put money in each month as if I were making a payment on a new vehicle so I am saving now for a new truck. It is not really recommended to save for short term in a fund like that but with so little interest paid on a standard bank account or even a CD it is a risk I was willing to take.
So with all of that as to where I am. I plan on teaching for at least eight more years to make it to 30 years teaching and retirement. I am unsure of health insurance at this point but I expect to be able to maintain membership in the health system provided by the state for teachers. I have a lot of little bits of saving in retirement accounts which should add up to a little bit of supplemental income in the future. It really seems okay but is a constant fear. I think more people fear over a zombie apocalypse then they fear over saving enough for retirement and they are probably hoping for the zombie apocalypse because they do not have anything saved for retirement.
There are lots of people out there who are experienced in the ways of retirement. Folks who are experts with advice. What is the best approach? Read and read some more. Talk to folks, meet with financial planners. I have a difficult time giving money to someone for taking care of my retirement. I met with a group a few years ago and they wanted me to transfer all of my accounts into their plan and they would take care of everything for a fee. I could not see a benefit. I met with my local recommended financial adviser to get an idea of if I am going in the right direction. Things look good but yes, they want me to move my accounts over to their program and they can get a percentage of my investments. I think a good financial planner would be one willing to work together to provide the best direction. Sign posts and goals to follow, not charging a toll every year or quarter. I think that is about it. If this helps you in anyway let me know.
Tuesday, February 04, 2020
Recipe for Curry Noodle Soup
Monday, February 03, 2020
It is difficult to know where to start and if the 10,000 foot view is enough. I remain confused most of the time and reading from others I wonder sometimes. Many of the saving money blogs repeat the same information and appear to do very well. Making money doing what they love. Traveling. Residual income. Where do I fit into all of this?
Daily Living -
Hopes and Dreams -
seriously in the blogging field. Why would anyone want to read read what I have to say, and then why would anyone give me money for doing it too? And then how much work is it to keep it going?
Look at my blogging progress to start. I used to blog a lot. Then just stopped. Now just now and again. Wondering about my voice, authentic voice.
8 more years of teaching to reach retirement. With the teacher retirement system it is really necessary to get in 30 years. The difference in monthly pension is huge between 20 years ($700 a month) and 30 years ($2300 a month).
The studio - it is good. It is difficult to project into the future with the studio. Many factors contribute to the whole success of the studio. It is in a good place and is still fulfilling.
Daily Living - the monotony of daily life continues for everyone. Cook, Clean, eat, sleep, work, play, exercise, Balance.
Hopes and Dreams - A lot of what if's.
Fears - many are not founded in experience or reality.
Take stock of the whole gets to be overwhelming.
What am I going to do today in order to make the dream for tomorrow possible?
Friday, January 31, 2020
I have been trying to sum up learning the process of glass blowing. It is very much a step by step process but the mastery of craft comes with the flow of each of the steps and being able to adjust when necessary.
We were working recently and discussing the nuances of the glass. Knowing the steps and what to do next is great. It leads to the creation of beautiful things. Knowing why it is what you are doing is key. Learning to put pressure of different levels in different places to shape the glass leads to better design and better results. This is teachable and learn-able but only once a certain level of competence is reached.
Heat is glass is key. Getting enough heat throughout to have the substance move to where you want it to go with ease and efficiency. The hotter the glass gets, the more difficult it is to control. Being on the edge of losing control. Once one becomes comfortable at the control at a certain heat, it is time to get more heat. Once you have the heat that is needed stay in for five more seconds. Learn to master the glass at that next higher level. It is amazing the difference that makes in the process.
Wednesday, January 08, 2020
Friday, October 26, 2018
Monday, June 11, 2018
I listen to Marc Maron podcast and Mr. Maron reposted an interview with Bourdain from 2011. (http://www.wtfpod.com/podcast/repost-anthony-bourdain-from-2011) I have been listening to it in the truck over the weekend. It has been impactful. I sought out Bourdain's blog on Tumblr (http://anthonybourdain.tumblr.com/) although it has not been updated in I would assume a couple of years it is tremendous reading.
I started my college career wanting to be in the restaurant business. Eighteen at OSU, I was in the hotel/restaurant management program. It was great. I had a cooking class but did not know anything about cooking and did not do well in that class, never able to make a basic hollendaise sauce. When I moved to Cape Cod I got a job washing dishes in a great little Italian place, Lo Cicero's. I learned to cook there. Basic, rich, good, food. That time of life for me was simply fantastic. But, as it does life took turns and led in different directions. I think about my old buddy Scott. He was a chef. Tremendous talent in the kitchen. A wizard. In love with food and with life.
I would love to be a writer. I am not good at it. I do not have the time or the discipline. I do not really have anything to say. I try on occasion and compose a sentence in my head. wishing it was more than just a sentence.
I would love to travel more. But time and money and fear and life are constraints. To just get up and go. Find little hidden gems in cities around the world. No matter where you go there you are, or you always take yourself with you; so I am still me even though travelling and that is not always pleasant.
Is that the purpose? Reminding us to live fully. To take each day and be whole.
Thursday, March 29, 2018
Wednesday, March 07, 2018
Tuesday, February 06, 2018
Here is my latest entry on my Oakdale blog: http://oakdaleinstructionaltechnology.blogspot.com/2018/02/classroom-sandbox-class-and-reuse.html
Thursday, October 05, 2017
I can not quite wrap my head around math remediation for college bound students.
Yesterday, State Superintendent Hofmeister said that families spend over 22 million dollars a year to cover the personal costs of math remediation for college students. I had the question on twitter why don't we give that 22 million dollars a year to the schools so we can prepare students with the math skills they need? I mean if the state wants schools to get students ready, they have a known cost. I do not believe the state thinks they should transfer those funds to schools. And then my circular reasoning says that 22 million is the out of pocket costs to families. But they are paying that money to the university. so it is costing the State that amount, the State just does not have to pay it, parents do. If it really cost the State money maybe they would do something to make a change? And then the State is probably happy that parents are paying for the remediation instead of the State having to pick up the cost earlier in the schooling of the child.
Students go through high school and take four years of math classes. Yet, those classes do not prepare them for college?
Edit: So in a quick search I did find a good article by Ben Felder on new math remediation classes being offered to high school students to get them college ready. http://newsok.com/article/5538665 The state department has a good article on the situation with much more detail at http://sde.ok.gov/sde/newsblog/2017-02-10/new-state-math-course-aims-reduce-college-remediation
Students have to take the ACT to get into the university in Oklahoma. I think the score for OU/OSU is around 24. I don't know what that means but I would think a score of 24 or more on the ACT would ensure students have the math skills necessary for college bound folks. And then I wonder as to the scores for local or community college and technology centers. This would be interesting. Much lower cost to attend. But I believe that remediation classes do not count in any way toward credit hours which is silly because students are paying for those classes. Could we not offer some sort of midway educational training for those students then?
I had parents who valued education to the extent I had a math tutor throughout my school career because I simply could not understand how to do math. I also had a language tutor because my ability to spell correctly was nonexistent. I need to look at my transcript to see what math class I had at UCO and my scores. I think I was able to take a course that made up for not taking a math class.
Wednesday, October 04, 2017
Wondering if the teaching students to be prepared for jobs that dont exist yet is also perparing them to not have training or desire to train for specific careers.
So people want to be a teacher yet they do not want to go to school to become a teacher. Why should they spend 2 years in college for something they will only do for six years.
The thought that people will have 7 distinct jobs or careers throughout working life why would we expect a person to devote 30 years to teaching?