The Balance of Living in Two Homes in Retirement

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  • เผยแพร่เมื่อ 22 ธ.ค. 2024

ความคิดเห็น • 24

  • @stephaniestomberg1805
    @stephaniestomberg1805 2 ปีที่แล้ว +2

    I would add that it’s important to have a shared document or family binder with the info for each house. Include wifi passwords, contact info for preferred vendors etc. this way either of you can access the info when necessary. It’s easy to forget when you have been away 6 months.

    • @RetirementTransformed
      @RetirementTransformed  2 ปีที่แล้ว

      This is a great suggestion Stephanie. We have a version of this but not to the extent you suggest. It’s been on our todo list for a while but we will now make it a reality. We will put in Evernote in a shared document. Thank you for this suggestion!
      Mark and Jody

  • @joewilmot
    @joewilmot 9 หลายเดือนก่อน +2

    Very interesting. My wife, also Jody, and I live in Los Angeles and Maui. We’re not retired and we own two homes because our business makes this “no check-in lifestyle” (we fly back and further often) way less stressful. I’m wondering if you have some advice as to how you track inventory of your stuff, organized by type (cars, appliances, contacts for home repairs, even stupid little things that we need in both places). Do you use spreadsheets or maybe an app? Thanks for your kind attention.

    • @RetirementTransformed
      @RetirementTransformed  9 หลายเดือนก่อน +2

      You made me laugh because for years I have wanted to finish my spreadsheet that have pertinent information about each home. All my vendors like cable tv, electrician, passwords, etc. Almost like a manual for the home. It might sound ridiculous but there is so much in my head and frankly that wont serve Jody well if something happened to me. So I may make this a summer project.

    • @joewilmot
      @joewilmot 8 หลายเดือนก่อน

      Well, I keep thinking of a cloud-based app that allows sharing of files. If I come up with anything I’ll report back. Thanks.

  • @AlineHrycauk
    @AlineHrycauk 3 หลายเดือนก่อน

    Great video! Is there another video on setting boundaries with family & friends in retirement

    • @RetirementTransformed
      @RetirementTransformed  3 หลายเดือนก่อน

      Thank you! We’re glad you enjoyed the video. While we don’t have a specific video on setting boundaries with family and friends in retirement just yet, but feel free to explore our other videos in the meantime!

  • @jbarrett8292
    @jbarrett8292 ปีที่แล้ว +1

    I want to keep my home in California but reside full time in a rental in Idaho to be near my grandkids. If I retire will I pay double taxes with my retirement income in 2 states? That is a worry .

  • @stevebatogower8029
    @stevebatogower8029 7 หลายเดือนก่อน +1

    I have a home in De and 2 condos in Florida

    • @RetirementTransformed
      @RetirementTransformed  7 หลายเดือนก่อน

      That’s great.

    • @cynthiabankston9238
      @cynthiabankston9238 2 หลายเดือนก่อน

      We have 2 homes. 1 home is in GA near my daughter. Our primary home is in Louisiana. Our problem is my husband wants to bring old rickety furniture to our home in GA which don’t fit the layout. This creates conflict!

    • @cynthiabankston9238
      @cynthiabankston9238 2 หลายเดือนก่อน

      We have 2 homes. 1 home is in GA near my daughter. Our primary home is in Louisiana. Our problem is my husband wants to bring old rickety furniture to our home in GA which don’t fit the layout. This creates conflict!

  • @Sandysilentlylistens
    @Sandysilentlylistens ปีที่แล้ว +1

    My resident is in Texas, i recently paid cash for my dream home of a log cabin near Lassen Volcanic National Park. Fortunately, the previous owner is renting my log cabin for six months until he can build his dream home in the Redwoods. Now, when the six months rental contract is up, I will need to decide if i want to try doing a VRBO or an airbnb. I was thinking about storing a vehicle in the garage at the log cabin, so i would have transportation. It will be completely furnished. There is a municipal airport 40 miles from the cabin. I’m just trying to figure out how i’ll be able to juggle both properties and maintenance between both properties and my office properties here in texas as well. I have most of my bills, utilities set up on automatic payments. So you recommend that i stay at either home if i do a vrbo or airbnb?

  • @MILGEO
    @MILGEO 18 วันที่ผ่านมา

    I'm a fairly new viewer, and wonder about some of the things that you've decided to do and why. I happen to live in NY (about 50 miles N of NYC) and have an adult daughter who lives 1 hr away in CT with her husband and 2 small children. Without sounding nosy, what area in NY was your larger home and what made you choose CT to downsize your homes to? I think that all in all the cost of living is similar with everything owning a home costs and taxes in general. You also both talk about having prior marriages, this brings up questions of how long you were divorced and how the 2 of you met? Don't mean to be nosy, but you both seem comfortable with it being a past way of life that you don't harbor Ill will toward your past partners.

    • @RetirementTransformed
      @RetirementTransformed  17 วันที่ผ่านมา +1

      Our larger home was in Westchester county New York. My business was located there and its where I grew up. Once I divorced I met Jody who had recently moved to that area for work along with her three children. We do not have ill well for our past partners and they are included in all large family gatherings. The CT home was a vacation home, then we moved there full time. Once we bought in Florid and started spending more time there, we decided to sell CT. Thank you for asking. What are your plans for housing?

    • @MILGEO
      @MILGEO 16 วันที่ผ่านมา

      @@RetirementTransformed That's something that I haven't decided. I'm in Putnam County and still have a P&H business which I hold licences for in Putnam & Westchester. I'm semi-retired and would like to spend some of the winter in warmer climates. After splitting up with my long time Significant Other 3 years ago, I'm just staying put for now. I don't think that I could take FL year round as I hate the humidity! Thanks for the response.

  • @cynthiabankston9238
    @cynthiabankston9238 2 หลายเดือนก่อน

    Is it wise to pay off the 2nd home before my husband retires? He wants to it off after we sold our primary home, because he’s worried about the tax implications, but I want him to put 25% of the mortgage before he retires to reduce the payment of the interest rate. Which way is better?

    • @RetirementTransformed
      @RetirementTransformed  2 หลายเดือนก่อน

      We do not give any financial advice. Do you have a financial planner you can consult with? Or your accountant could be helpful.

  • @debbiehelm5401
    @debbiehelm5401 2 ปีที่แล้ว +1

    I have a question. I am getting down to 12 days til my retirement. I am having a very hard time leaving a job I love. Been in same role for 28 years with Frito Lay which is a great company. I was planning to stay you til Dec but changed plan due to economy. How do you get through this transition? It would be harder if I didn’t like my job. I have this knot in my stomach and I am praying it goes away, Any advice?

    • @RetirementTransformed
      @RetirementTransformed  2 ปีที่แล้ว +1

      Hi Debbie,
      You are not alone. The fact that you were in a career that you loved for so long is such a blessing. Many people reach this stage and run from their job. So the first thing to do is embrace all the great memories, learning, relationships, and more that came from the last 28 years at Frito Lay.
      We are big fans of journaling or writing down whats on your mind. Take a trip down memory lane and write all about your last 28 years (maybe a book one day!)
      Make a list of all your favorite people you have met during this time to make sure you bring them along into your retirement.
      Begin to imagine what you want to do in this new phase. Maybe take a gap year and travel. We have many videos here that may inspire you and give you more ideas.
      The big step is to embrace the opportunity to have this wonderful opportunity ahead of you. Remember, you can always do some other part time work to stay engaged. Maybe Frito Lay would hire you back part time as a consultant. Or use your skills to help others as a volunteer such as non profit board service
      The link is below would be a good place to start. It's a three part series on transitioning into retirement.
      th-cam.com/play/PLm7TtW4yckpUzyDIjBVxNLHzfB5bDnf1d.html
      Keep us posted on your journey, and congratulations of your retirement. The future is bright!
      Mark and Jody

  • @cynthiabankston9238
    @cynthiabankston9238 2 หลายเดือนก่อน

    How not to fight about what furniture to bring to the new home?

    • @RetirementTransformed
      @RetirementTransformed  2 หลายเดือนก่อน

      Open listening and communication is what is needed here. I know its not always easy.

  • @cynthiabankston9238
    @cynthiabankston9238 2 หลายเดือนก่อน

    Body ball🔵