Sittin' Good Financially

Last week, one of my investments came to maturity and the funds were transferred to my checking account.

This was rather timely as I needed to purchase a mower after neighbor friends Nandoh and Bo mowed the "Barking Spider Acre" to keep it under control. Since I wanted to get a mini bike for recreational riding (I took a ride a mile up the hill this morning), I got one of those and, lastly, I bought a reflector telescope. When one is retired, one should indulge in hobbies instead of vegetating and doing nothing (that's also my doctor's orders).

Since I had cash left over, I had my investment counselor buy into a new investment, which he as done. Even after that, I still have cash left in checking. 

After all this, I feel pretty good about my retirement finances. 

Baby Boomer Divorce Leading To Financial Woes

Above, the Little Church of the West in Las Vegas, the oldest building on the Las Vegas Strip. Wikipedia photo.

After looking at an article that MarketWatch posted about the steep rise in baby boomer divorces, I guess I am lucky (all things considered).

My ex-wife and I split up 24 years ago and finally finalized our divorce three years ago. It is my understanding that she has remarried (she didn't exactly invite me to the wedding), so she's someone else's problem.

It is interesting to read about late-in-life or "gray" divorces.

According to MarketWatch:

Looking ahead to the next phase of life can seem pretty dreadful if you can’t stand the person who you’ll be spending it with. 

That may be what some boomers are facing. Among U.S. adults ages 50 and older, the divorce rate has roughly doubled since the 1990s, according to a recent Pew Research Center report. 

Statistically speaking we’re healthier and probably going to be living a lot longer — possibly 30 years longer — than average retirees once did. The surge in late-in-life — or “gray” — divorce is one possibly unintended consequence of this so-called longevity bonus.

Since I am financially secure and am in good health (knock on wood), I feel rather fortunate. It is funny to remember years ago that while at a friend's house we heard a wedding caravan of cars pass by. To that, he said, "Why buy a cow when milk is so cheap?" Based on the statistics, maybe there's some truth to that.

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