This and That……

It has been a few weeks now since our RV was damaged in a incident at a truck stop. You can read up on that here if you missed it. This has been a major bummer for us as we have had to cancel two trips now and have been stuck at home on weekends. The good news is that we finally got word this week that the repairs are completed and our RV is ready to be picked up.

The worry however, as with any vehicle, is that there will be additional issues that need to be worked out or that some things will not work the same as they did prior to the accident. I guess we will cross that bridge when we get to it. Also, our insurance waived our deductible so we are not out of pocket for any money. In the end, we got the best results out of a bad situation and we are grateful for that.

On the financial side, business is steady although I’m not making as much as I need to yet. Also, when I say making money that should be taken as billing for services rendered. I have yet to actually receive any payments for my services. That should be happening soon as the payment terms are near and if there is one thing I’m good at it’s collections.

One of the benefits of not going out in the RV on weekends is that I have been picking up some weekend work. If you think about it, this kind of works two fold since we are not spending money on camping and also getting extra income. Maybe we can say that is our silver lining to a frustrating situation? Yeah, let’s go with that!

As noted in our October financial update, I started the process of rolling over my company 401k to a Vanguard Rollover IRA. This is an existing rollover account I had created after I left a company I was with for many years. After much consideration I decided I’m just going to do the standard FI move and put this new incoming money into VTSAX and let it sit. It will act as sort of a portfolio rebalance and give me a broader market exposure as opposed to the more aggressive allocation I had in the 401k.

Speaking of this rollover process, after more than three weeks I just received a check. They liquidated the account almost two weeks ago. Also, they refused to just do a simple transfer to Vanguard to save everyone the time, hassle and potentially the loss or theft of a physical check. This whole process seems antiquated and an unreasonable waste of time considering the options available in today’s society.

All tolled we are very happy and excited about the future. We can’t wait to pick up our RV and we have already booked a trip for Thanksgiving weekend. Financially our investments are up and our spending is down significantly. It will be nice to get some additional income once business invoices start getting paid. Then we have this college road trip to look forward to planning. Life is good!

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Until next time……………….

Joe

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