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Motorhome Retirement: September Update - General Dynamics And Lockheed Martin Appear Compelling

Oct. 21, 2020 10:00 AM ETABBV, ADM, BEP, BEPC, BPYU, BPYUP, CAH, CHRW, CNI, CSCO, EMR, ENB, EPD, FDX, GD, GPC, HRL, IAU, INTC, ITW, IUSB, JNJ, KMB, KO, LMT, MGRC, MMM, MO, PHYS, RNR.PE, RTX, SBUX, SCHO, SCHZ, SPAB, SPTL, T, TLT, UPS, VGSH, VZ, WBA, XOM, ENB:CA, CNR:CA, BEP.UN:CA, PHYS:CA, BEPC:CA35 Comments
GrayBeard Retirement profile picture
GrayBeard Retirement
4.01K Followers

Summary

  • Income exceeded expenses for the month.
  • I discuss the goal of the portfolio.
  • Dividend growth tracking is added.
  • Industrial sector watchlist presented with discussion of General Dynamics and Lockheed Martin.

I saw this stump carving that someone put a mask on at a campground in Texas. A sign of the times.

Followers of my articles are aware that we planned to retire in July of this year at the age of 54. Our original intent was to not use any of our tax deferred retirement accounts until we were 59-1/2. However, we had to change the plan due to uncertainty of the future of the Affordable Care Act. A federal judge ruled the law unconstitutional in December of 2018. To plan for the potential disappearance of the healthcare exchange and associated benefits, we need to get access to some of our IRA funds. We created a 72(T) withdraw plan from one of our IRAs in January of this year. An additional benefit of this was that it allowed us to retire in March of this year instead of July.

So retire in March we did. We retired on a Friday to start our "Motorhome Retirement", and the United States went into social distancing and all the related COVID-19 stay-at-home and business closures the following Monday. We had great timing (sarcasm), instead of heading out across the country, we did our "shelter-in-place" or "stay-at-home" or whatever else you want to call it at a lake campground near Dallas, TX. Like most others, our activities were limited to daily walks, weekly trips for groceries, and TV watching.

What we did in September

We left the Kansas City area in late August and spent September at a couple of different lakes in the North Texas area. The first half of the month was at Lake Texoma, which is on the Texas-Oklahoma line North of Dallas. The second half was spent at Lake Tawakoni, which is about 60 miles east of downtown Dallas or 30 miles east of

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GrayBeard Retirement profile picture
4.01K Followers
Income for retirement

Analyst’s Disclosure: I am/we are long CHRW, GD, MGRC, LMT, RTX. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Also long all stocks in the portfolio and all stocks with dividends recieved.

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