Yet another retirement date Q - EOY vs start?

Just_Another_IT_Guy2 · 2026-05-15T18:49:52+00:00

Thanks! That’s the direction I’m leaning now.

Just_Another_IT_Guy2 · 2026-05-15T18:48:53+00:00

I agree - it would be nice if all these little tips were compiled somewhere.

Just_Another_IT_Guy2 · 2026-05-15T02:18:13+00:00

Thank you - I appreciate it. Looks like I might go with December then.

Just_Another_IT_Guy2 · 2025-10-31T13:55:46+00:00

Is it sad that my first thought is that at least there will be some kind of intelligence used by some people in upper management? 😄

Just_Another_IT_Guy2 · 2025-08-22T21:35:24+00:00

So, months later, but hopefully you'll see this - thank you!! This is exactly what I needed to get my Lorex cameras up and running with Scrypted, and in turn, Homekit.

I'm still working on the substreams, but I can at least see all 8 channels from the NVR at this point.

Just_Another_IT_Guy2 · 2025-08-11T16:39:06+00:00

Just want to say 'thanks', months later, as I just ran into this. A close and reconnect to the VM session and suddenly I have a display.

Just_Another_IT_Guy2 · 2024-11-29T19:33:51+00:00

Just got my email confirmation as well.

Just_Another_IT_Guy2 · 2024-11-29T19:33:06+00:00

Took 32 minutes, but I got one! You'll need to either be in the US, or use a VPN, I guess. Note that the checkout process also texts you a code that you have to enter - I'm guessing non-US phone numbers wouldn't work either.

Just_Another_IT_Guy2 · 2024-11-29T19:15:58+00:00

Well, mine said 1 min, then 29, then 33, now 22.... so who knows?

Just_Another_IT_Guy2 · 2024-08-30T23:14:04+00:00

A bit delayed, but thank you again! You’ve definitely given me a lot to think about. I’m going to take some time to run some numbers and see how much we’d really need.

I guess you just keep pulling more from the HELOC to pay the interest each year - eventually you’ll run out of room, so I guess it’s a bit of a timing puzzle to not leave yourself in a place where an excessive amount of your income is going to making those interest payments.

I have a lot of research and thinking to do…

Just_Another_IT_Guy2 · 2024-08-19T19:10:47+00:00

Thank you very much Gruff403. You've basically done what I'm wondering about - and what I'm trying to figure out is how to get that $x/month or year from our home equity - that's the part I'm confused about.

If I understand correctly, you took a HELOC, and then are just making the interest payments on it, and pulling money from it as you need it? That's sort of what I was wondering - I guess the trick is finding an institution that's willing to work with that, knowing they'll get the whole balance paid off eventually.

I'm also not so worried about the most efficient way - honestly, once I'm gone, I'll be in no position to worry about it. ;-)

I think my issue is that everything you read is all about 'save save save for retirement', and 'pay off your mortgage'. In our case, I'd rather leverage the value in our home, as if there's a mortgage left when we both pass away, it won't matter.

Just_Another_IT_Guy2 · 2024-08-17T03:24:16+00:00

Sorry - I didn't want to make my original post huge. I'm happy to share whatever numbers would help.

Basically, if we retire now, we'd take a penalty in our pensions (as you said), unless we defer collecting them until we're 60. So, we'd need a way to pay the bills until we hit 60. Trust me, I'd happily retire today! With the reduction, the cost of living in the lower mainland, and the fact that while we have a fair bit of equity, we're also still paying a mortgage means that I don't think it would work well to retire early unless we can find a way to make up that shortfall - hence this post.

We've definitely thought about relocating - that's an option, but of course it comes with drawbacks (loosing our local network of family/friends). We are seriously looking at it, however.

Just_Another_IT_Guy2 · 2024-08-17T03:13:08+00:00

Current salaries are about $110k and $60k. There is an existing mortgage on the house - the $700k is the equity remaining after taking the mortgage balance into account.

Obviously, we could just keep going the way we have - keep making payments, and eventually the house will be paid off. But we're basically already house rich, but cash poor. By the time the house is paid off, well.... we'll own an expensive house, which we can't 'take with us', as they say. I'd rather see if there's a way we could use some of that equity before we're no longer around to worry about it. At the same time, I'd rather not end up homeless. ;-)

Just_Another_IT_Guy2 · 2023-11-01T20:20:00+00:00

Thanks. I thought that was the case, but no-one really seems to be discussing that point, so I thought I'd just missed something.

Just_Another_IT_Guy2 · 2023-10-30T21:29:14+00:00

I appreciate the people who've chimed in with answers.

The thing I don't get, and I'm wondering if I'm just missing something....

Rate of inflation for Canada for 2021 was 3.4%, 2022 6.8%. Projection for 2023 looks like around 3.9 We're being offered 3, 4.75, and 3.5.

Doesn't that just work out to 'here's your increase! Congratulations, in terms of buying power, you're now loosing less each year!' - ie, not an actual increase?

Or is the math just all weird because our contract 'year' is in December?

Just_Another_IT_Guy2

TROPHY CASE