Wildfires in California. Hailstorms in the Midwest. Hurricane Ian in Florida & South Carolina. It’s a crazy year for home owners insurance. On top of that add in the crazy inflation in the home construction market. After two white-hot years, only now are home prices starting to slow down from higher interest rates. We just got our 2022-2023 premium statement from State Farm. We received … Continue reading Homeowners Insurance Inflation
Have you ever paid for your roof to be replaced? Ever? We haven’t. We’ve lived in houses for 30+ years and never once have we paid for a new roof. Three times the insurance company has on our behalf. Never have the roofs been more than 13 years old. The economics of home insurance don’t make any sense to me. I spoke with a lot … Continue reading Have You Ever Paid For A New Roof?
We’re having a successful ‘repair season’ this Summer in terms of productivity & financial standing. In Minnesota, a year’s worth of exterior home repairs gets shoehorned into the 6 months from May through October to take advantage of the good weather. Right now our neighborhood is awash in a wave of roofers, siding companies, concrete sealers, landscapers, and painters. Salesmen – often the owners of … Continue reading Summer Repair Season
I’ve had pretty good luck with rental cars over the years. Other than the one time a city bus plowed into my (parked) SUV in front of a hotel in snowy Aspen, I’ve never had a reportable incident. Until this year. I just got back from a board meeting in Michigan, and on the way back to the airport a rock flew up from an … Continue reading Rental Car Curse!
Well, I blew it. I crashed my drone into a tree last week. It fell about 30 feet after shaking loose from the tree and the camera gimbal got damaged. It still flies, but you can’t really take pictures with it anymore. It was the second time I crashed it. The first time, it landed in soft snow and still worked fine. It’s a pretty … Continue reading Down & Out Drone
Last week I reached another milestone in my early retirement journey. I called the MegaCorp HR Service Center – for the first time in years – and started the enrollment process for retiree benefits. In 2021, I will turn 55 and become eligible to start tapping into the retirement benefits that I accrued over the course of my career. I worked at this MegaCorp for … Continue reading Ringing Up MegaCorp
Insurance is one of the things I certainly hate paying for. Health insurance, disability insurance, life insurance, and car insurance are all necessary to a degree, but it’s hard to pay for something you only use in a catastrophe. We’ve gradually dialed back our insurance coverage for things we can ‘self-insure’ the risk of. We have the highest health insurance deductible we’ve ever had and … Continue reading Up, Up And Insured
It’s finally looking like Spring in Minnesota, although we haven’t had any rain yet. Folks on a journey to FIRE know to set aside money for a rainy day, but the great majority of people do not carry a big enough umbrella insurance. That is, an umbrella policy that pays for liability judgements above the limits of your existing auto & home insurance policies. Umbrella … Continue reading Umbrella Coverage – Protect Your Nest Egg
Health insurance is a big, incremental expense for people hoping to retire early from corporate life. Understanding our options and the costs has been an important focus for us as we’ve plotted our upcoming FIRE escape on 4/1/16. (Please note that the following is our understanding of healthcare insurance options, and that we are not experts in this topic. Please consult an insurance … Continue reading Health Insurance for Early Retirement
When I first got married, my oldest brother gave me the advice to “over insure” yourself. It doesn’t cost that much and makes sure you have a good night’s sleep knowing that if you don’t wake up, no one has been left in a vulnerable place. Since I’m the key breadwinner in our family, I’ve always taken that advice seriously – but no longer. Two … Continue reading Thrifty Thursday – Life Insurance Independence