blogging, Finances, middle aged, no kids, Over 40, retirement, single

Welcome to the Whimsy & Wisdom blog!

I hope that you enjoy and get some wisdom from my blog.  Since we’re both new here, I thought I would introduce the blog a bit.  Of course like anything creative it is an organic entity, meaning it will grow quit possibly into something completely different from what I had originally planned on.  Life just works that way. You plant the seeds not knowing exactly what you will get, but rest assured whatever you get will bloom and flourish into something lovely. However, you don’t find those seeds to plant without digging in some dirt.  The seeds of my blog were discovered around the time my Mom decided to sell her house. The house I grew up and called home, even though I hadn’t lived there for over 20 years. Home is still home, right?

Selling the house was the right decision for her, but it totally sent me into a midlife crisis.  I’m a scientist and live in Los Angeles. I’m single and have no children. And…I’m in my (gasp) mid forties!

Living in L.A., unless you’re in the 1% you can forget owning a home on your own.  The little condos down the street from me are going for $750K. Plus, I really don’t see myself staying in Los Angeles when I retire, I’d move back home.  Which was what I had planned on, until my home was gone.

Can I Retire?

Looking at my retirement portfolio is a sad affair.  At this point I may need to keep working until I drop dead.    I have no children to take care of me and no spousal income to add to the pot, nor do I have the emotional support a significant other would give.  Absolutely everything falls on my shoulders.

I realized that I had to get my shit together so that I would have the money to retire.  I don’t want to be struggling in my sixties and seventies. My retirement accounts are sad and pathetic and ideally I would be maxing out my contributions.  But, I can’t. Los Angeles and any major metro area really, has a very high cost of living. I’m still paying off my car and I have credit card debt. The first thing I have to do is get out of credit card debt then add more money to retirement.  I also need to save for a house and still be able to live day-to-day. There is so much to do and so much to learn how to do. To help keep me accountable I decided to start this blog so that we can all learn and do together.

A majority of my friends have chosen not to have children, some married and plenty still single.  Even if you are married you really don’t know what the future holds. You really have to learn how to take care of yourself.  And even if you have children, who wants to be a burden? They have their own lives.

Let’s all learn together.

Better late than never, right?  Let’s all go through this together and happily retire, because I was ready to retire yesterday.   We’re going to learn how to save for retirement, enjoy the fact that we chose not to have children, and at least in my case keep looking for Prince Charming.  We’ll plant our seeds together and watch them blossom and grow.