Author Topic: Target FIRE: 2017  (Read 247748 times)

zephyr911

  • Magnum Stache
  • ******
  • Posts: 3634
  • Age: 40
  • Location: Northern Alabama
  • I'm just happy to be here. \m/ ^_^ \m/
    • Pinhook Development LLC
Re: Target FIRE: 2017
« Reply #1350 on: December 04, 2017, 03:57:07 PM »
I have so many of those books!
Semi-FIREd December 2017, part-time entrepreneur, lover of puppies and saltwater.

dragoncar

  • Walrus Stache
  • *******
  • Posts: 7831
  • Registered member
Re: Target FIRE: 2017
« Reply #1351 on: December 05, 2017, 01:44:34 AM »
I man I had a dream I had to go back to my office for some reason but nobody was there so I had to sneak in and everything was different.  You know how dreams are.  It was freaky

I also took the elevator to like the 500th floor.  Sometimes I think my dreams are actually real but happening in the future
« Last Edit: December 05, 2017, 01:46:11 AM by dragoncar »

Cookie78

  • Handlebar Stache
  • *****
  • Posts: 1786
  • Location: Canada
    • Cookie's Goals
Re: Target FIRE: 2017
« Reply #1352 on: December 05, 2017, 01:48:32 AM »
I man I had a dream I had to go back to my office for some reason but nobody was there so I had to sneak in and everything was different.  You know how dreams are.  It was freaky

I also took the elevator to like the 500th floor.  Sometimes I think my dreams are actually real but happening in the future

But hopefully you don't have to go back to work in the future!!

mf33333

  • 5 O'Clock Shadow
  • *
  • Posts: 1
Re: Target FIRE: 2017
« Reply #1353 on: December 05, 2017, 11:58:37 AM »
I man I had a dream I had to go back to my office for some reason but nobody was there so I had to sneak in and everything was different.  You know how dreams are.  It was freaky

Funny, I have been recently having nightmares about being back at work.  So happy when I wake up I am not there and can sleep in.  I  meet with the old guys and buy them all a beer at the bar of their choice since I am the one FIRE'd.  They hired two people to replace me-I guess I did do the work of two people. 

We have just finished flipping our 4th house and looking to have fun doing another.  It is my hobby to keep me busy when we are not traveling.  We are going to Germany in april so if we get another house we have to flip it before we leave.

RedmondStash

  • Pencil Stache
  • ****
  • Posts: 745
Re: Target FIRE: 2017
« Reply #1354 on: December 05, 2017, 03:15:43 PM »
Funny, I just had a dream last night about how spouse & I both interviewed at a fun tech company, with games everywhere (including a 3D version of Chip's Challenge, for some reason), and we were both offered very high-paying jobs there.

Honestly I think it means I'm starting to settle into the idea of FIRE, of getting to really enjoy life, and of not having to worry about money. It was an inspiring dream.

Nice to wake up in a good mood. :)

lhamo

  • Walrus Stache
  • *******
  • Posts: 7180
  • Location: Seattle
Re: Target FIRE: 2017
« Reply #1355 on: December 05, 2017, 05:24:27 PM »
Funny, I just had a dream last night about how spouse & I both interviewed at a fun tech company, with games everywhere (including a 3D version of Chip's Challenge, for some reason), and we were both offered very high-paying jobs there.

Honestly I think it means I'm starting to settle into the idea of FIRE, of getting to really enjoy life, and of not having to worry about money. It was an inspiring dream.

Nice to wake up in a good mood. :)

Hope you are enjoying the wonderful sunshine!   I think the FIREd weather gods are smiling on you (and the rest of us who don't have to clock in this week!)
Wherever you go, there you are

Zoot

  • Bristles
  • ***
  • Posts: 302
  • Location: USA
Re: Target FIRE: 2017
« Reply #1356 on: December 05, 2017, 09:16:18 PM »
Funny, I just had a dream last night about how spouse & I both interviewed at a fun tech company, with games everywhere (including a 3D version of Chip's Challenge, for some reason), and we were both offered very high-paying jobs there.

Oh, my goodness--Chip's Challenge.  I spent way too many hours playing that game.  Thanks for the happy memory!  :)

RedmondStash

  • Pencil Stache
  • ****
  • Posts: 745
Re: Target FIRE: 2017
« Reply #1357 on: December 05, 2017, 09:55:58 PM »
Funny, I just had a dream last night about how spouse & I both interviewed at a fun tech company, with games everywhere (including a 3D version of Chip's Challenge, for some reason), and we were both offered very high-paying jobs there.

Oh, my goodness--Chip's Challenge.  I spent way too many hours playing that game.  Thanks for the happy memory!  :)

Such a great game. I never did finish it, but I sure had fun trying. Happy memories for me too. :)

Hope you are enjoying the wonderful sunshine!   I think the FIREd weather gods are smiling on you (and the rest of us who don't have to clock in this week!)

Mostly I'm just seeing fog. >:(

Eh, that's okay. At least I'm not driving in fog.
« Last Edit: December 05, 2017, 09:57:39 PM by RedmondStash »

Kakanui

  • 5 O'Clock Shadow
  • *
  • Posts: 10
Re: Target FIRE: 2017
« Reply #1358 on: December 06, 2017, 04:51:32 AM »
Fired again.

Originally first retired early back at the end of 1999 (aged 32) but over the years continued to teach part time a few hours per week and did a couple of degrees for interest sake as well. Eventually went back to work full time for a few years (originally planned to do so for 3 years, ended up being 6). Gave that up last year and eased back into semi fired (working 3 days per week this year for a charity).

Finished work today and now back to being FIRED (just turned 50 this time round). As the year progressed started struggling with motivation to even do 3 days work per week (Mon-Weds). Am off to do a bike ride  with my wife through Central Otago, (NZ) next week, then plenty of upkeep on my rentals to keep me busy for a few weeks while I prepare for my next adventure, volunteering for a year on South Tarawa in Kiribati- working for an NGO who will pay for my flights, living costs and provide a small living allowance. Will give me the opportunity to live in a seldom visited country in the centre of the Pacific and do something to help the local community- win/win. 

Craig

zephyr911

  • Magnum Stache
  • ******
  • Posts: 3634
  • Age: 40
  • Location: Northern Alabama
  • I'm just happy to be here. \m/ ^_^ \m/
    • Pinhook Development LLC
Re: Target FIRE: 2017
« Reply #1359 on: December 06, 2017, 08:58:39 AM »
Fired again.

Originally first retired early back at the end of 1999 (aged 32) but over the years continued to teach part time a few hours per week and did a couple of degrees for interest sake as well. Eventually went back to work full time for a few years (originally planned to do so for 3 years, ended up being 6). Gave that up last year and eased back into semi fired (working 3 days per week this year for a charity).

Finished work today and now back to being FIRED (just turned 50 this time round). As the year progressed started struggling with motivation to even do 3 days work per week (Mon-Weds). Am off to do a bike ride  with my wife through Central Otago, (NZ) next week, then plenty of upkeep on my rentals to keep me busy for a few weeks while I prepare for my next adventure, volunteering for a year on South Tarawa in Kiribati- working for an NGO who will pay for my flights, living costs and provide a small living allowance. Will give me the opportunity to live in a seldom visited country in the centre of the Pacific and do something to help the local community- win/win. 

Craig

Sounds like a good life! My transition is technically just semi-FIRE in the near term - I have monthly reserve duty and probably 10 hours a week to support my rental company, more if I feel like it, but I do plan on a lot of random travel (and a lot of aimless days near home too).

I'm elbow-deep in the handoff process with all my core tasks right now, and it's really hitting home. This is real. By total blind chance I ran into my boss outside the office last night, at a goodbye party for someone else who's transferring to another organization, and introduced him to one of my partners in the rental business. That conversation really made me realize how much he likes me as an employee & will miss me, but also how happy he is for me. Still possible he'll join my partnership after his next house sale... I love that we're probably going to end up friends after all this.
Semi-FIREd December 2017, part-time entrepreneur, lover of puppies and saltwater.

Freedom17

  • 5 O'Clock Shadow
  • *
  • Posts: 74
  • Location: Travelling
Re: Target FIRE: 2017
« Reply #1360 on: December 12, 2017, 03:20:20 AM »
3 more days Zephyr. Are you excited?

zephyr911

  • Magnum Stache
  • ******
  • Posts: 3634
  • Age: 40
  • Location: Northern Alabama
  • I'm just happy to be here. \m/ ^_^ \m/
    • Pinhook Development LLC
Re: Target FIRE: 2017
« Reply #1361 on: December 12, 2017, 07:17:44 AM »
I AM SO EXCITED THAT IT IS IMPOSSIBLE TO TYPE IN REGULAR LETTERS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

)(*&^%$#@)(*&^%$#@!)(*&^%$#@!)(*&^%$#@!

;)
Semi-FIREd December 2017, part-time entrepreneur, lover of puppies and saltwater.

zephyr911

  • Magnum Stache
  • ******
  • Posts: 3634
  • Age: 40
  • Location: Northern Alabama
  • I'm just happy to be here. \m/ ^_^ \m/
    • Pinhook Development LLC
Re: Target FIRE: 2017
« Reply #1362 on: December 12, 2017, 07:58:33 AM »
Gawd, that's so beautiful it hurts to look. We're outbound in six days ourselves. Two places I know and love, and two I've never been.

Buenos Aires:



Santa Fe:



El Calafate:



Ushuaia:

Semi-FIREd December 2017, part-time entrepreneur, lover of puppies and saltwater.

Freedom17

  • 5 O'Clock Shadow
  • *
  • Posts: 74
  • Location: Travelling
Re: Target FIRE: 2017
« Reply #1363 on: December 12, 2017, 04:37:11 PM »
Congrats again. I'm glad you made it and everything worked out!

SwordGuy

  • Magnum Stache
  • ******
  • Posts: 4035
  • Location: Fayetteville, NC
    • Flipping Fayetteville
Re: Target FIRE: 2017
« Reply #1364 on: December 12, 2017, 07:30:05 PM »
Say Hi! to #MariaSouth when you get to Buenos Aires.

Freedom17

  • 5 O'Clock Shadow
  • *
  • Posts: 74
  • Location: Travelling
Re: Target FIRE: 2017
« Reply #1365 on: December 20, 2017, 02:01:11 AM »

Romag                    September 1, 2016  Confirmed
Threshkin                October 31, 2016   Confirmed
Metta            (at 55) January 1, 2017    Confirmed
MrsWhipple       (at 32) January 1, 2017    Confirmed
FIRE me                  January 3, 2017    Confirmed
Mf3333           (at 56) Jan 15,2017        Confirmed
Zineth           (at 49) January 27, 2017   Confirmed
MarciaB          (at 55) January 31, 2017   Confirmed
MsGreenStash     (at 51) February 1, 2017   Confirmed
dabears847               February 17, 2017  Confirmed
Cottonswab       (at 30) March 1, 2017      Confirmed
Goldielocks              March 10, 2017     Confirmed
Dragoncar                March 15, 2017     Confirmed
Oblivo           (at 35) March 24, 2017     Confirmed
DollarDominatrix         March 24, 2017     Confirmed
John Doe         (at 50) March 31, 2017     Part time
Fairviewite      (at 27) April 24, 2017     Confirmed
oneyearfromnow   (at 51) April 28, 2017     Confirmed
freedom47        (at 48) April 28, 2017     Confirmed
Remote_Landlord  (at 39) May 8, 2017        Confirmed
FrugalAussie             May 11, 2017       Confirmed
Penguin159               May 12, 2017       Part time
Myhotrs          (at 38) May 12, 2017       Confirmed
BNgarden         (at 58) May 24, 2017       Confirmed
Stasher          (at 43) May 19, 2017       Confirmed
Rachael Talcott  (at 42) May 21, 2017       Confirmed
Financial Asc.   (at 39) June 1, 2017       Confirmed
MandalayVA       (at 50) June 1, 2017       Confirmed
Meadow Lark              June 3, 2017       Confirmed
Rahby1us                 June 16, 2017      Confirmed
Seattle Carter           June 23, 2017      Confirmed
Bruizer          (at 56) June 30, 2017      Confirmed
WannaGoOutside   (at 45) June 30, 2017      Confirmed
Easypeasy        (at 35) July 1, 2017       Part time
Mrs. Pomodoro    (at 43) July 7, 2017       Confirmed
MadBikePoet      (at 44) July 11, 2017      Confirmed
SachaFiscal      (at 41) July 21, 2017      Confirmed
MandyM           (at 38) July 25, 2017      Confirmed
Freedom17        (at 38) July 28, 2017      Confirmed
Jack06           (at 42) August 1, 2017     Confirmed
Cookie78         (at 39) August 3, 2017     Confirmed
ks135ks          (at 34) August 18, 2017    Confirmed
dividendman      (at 35) August 18, 2017    Confirmed
Cache Stash      (at 54) August 24, 2017    Confirmed
sw1tch           (at 33) September 8, 2017  Confirmed
Daisy            (at 48) September 29, 2017 Confirmed
Bigchrisb        (at 35) October 1, 2017    Confirmed
Kay-Ell                  October 20, 2017   Confirmed
FIREy            (at 46) November 1, 2017   Confirmed
MonkeyJenga      (at 31) November 30, 2017  Confirmed
Rosarugosa       (at 59) November 30, 2017  Confirmed
concealed stache (at 35) December 1, 2017   Confirmed
RedmondStash             December 1, 2017   Confirmed
Zephyr911        (at 39) Dec 15, 2017       Confirmed
SwordGuy         (at 59)                    OMY
Mrs. SwordGuy                               OMY
Noble_goal                                  OMY
JoJo             (at 43)                    OMY
homestead neohio (at 39)                    OMY
UnleashHell      (at 49)                    OMY
Jim2001                                     OMY


Congrats everyone. What an awesome cohort to share the journey with. Have a great New Year!

zephyr911

  • Magnum Stache
  • ******
  • Posts: 3634
  • Age: 40
  • Location: Northern Alabama
  • I'm just happy to be here. \m/ ^_^ \m/
    • Pinhook Development LLC
Re: Target FIRE: 2017
« Reply #1366 on: December 20, 2017, 04:54:58 AM »
Hi guys. Been traveling for a couple days. Funemployed never felt so good xD
Semi-FIREd December 2017, part-time entrepreneur, lover of puppies and saltwater.

MarciaB

  • Bristles
  • ***
  • Posts: 373
  • Age: 56
  • Location: Oregon
Re: Target FIRE: 2017
« Reply #1367 on: December 26, 2017, 04:59:53 PM »
Well done cohort of 2017!!

I'm in Myanmar at the moment (on a 3-month trip) and loving this country. If it's not on your radar you should totally consider it.

Anyway, I was on a leisurely and scenic boat ride on Inle Lake yesterday (in a long dugout type canoe with an outboard motor on it), enjoying the scenery...and sort of dozed into a daydreamy state. Totally happy to be where I was at the moment, and so grateful for my current life. 

And then snapped back and realized that it was a Tuesday and that was the godawful department staff meeting day at work...and that I didn't have to sit through one of those ever again in life. Such joy! Such relief!
My blog on topics having to do with minimalism, nomadic living and travel: www.baggypop.com

zephyr911

  • Magnum Stache
  • ******
  • Posts: 3634
  • Age: 40
  • Location: Northern Alabama
  • I'm just happy to be here. \m/ ^_^ \m/
    • Pinhook Development LLC
Re: Target FIRE: 2017
« Reply #1368 on: December 26, 2017, 05:09:39 PM »
Dude, fuck staff meetings!
The first week of our farewell tour was nice but frenetic, lots of movement and logistical support for the family members we brought along. They headed home today and I see the next week as my first real stretch of decompression.
Semi-FIREd December 2017, part-time entrepreneur, lover of puppies and saltwater.

Suzanne

  • 5 O'Clock Shadow
  • *
  • Posts: 33
Re: Target FIRE: 2017
« Reply #1369 on: December 27, 2017, 01:26:33 AM »
Hi there!

I was surprised not to find topics (maybe there are some that I did not find) for target FIRE years: eg. 2017, 2018, 2019, etc. Anyone aware of such threads or interested in creating some? I think it would be interesting to share the last miles with people having the same target date.

Jack

I haven't looked for any target date threads, but I am also working towards my 2017 FIRE.

zephyr911

  • Magnum Stache
  • ******
  • Posts: 3634
  • Age: 40
  • Location: Northern Alabama
  • I'm just happy to be here. \m/ ^_^ \m/
    • Pinhook Development LLC
Re: Target FIRE: 2017
« Reply #1370 on: December 28, 2017, 08:13:58 PM »
Well, uhh... I hope you make it soon?
Semi-FIREd December 2017, part-time entrepreneur, lover of puppies and saltwater.

zephyr911

  • Magnum Stache
  • ******
  • Posts: 3634
  • Age: 40
  • Location: Northern Alabama
  • I'm just happy to be here. \m/ ^_^ \m/
    • Pinhook Development LLC
Re: Target FIRE: 2017
« Reply #1371 on: December 28, 2017, 08:15:29 PM »
Hey guys, whatcha been up to?
I spent about half the day removing loose bricks from a fireplace for my mother in law and cleaning them. Tomorrow morning I'll mix up the refractory mortar and reface everything.
« Last Edit: December 28, 2017, 08:21:14 PM by zephyr911 »
Semi-FIREd December 2017, part-time entrepreneur, lover of puppies and saltwater.

dragoncar

  • Walrus Stache
  • *******
  • Posts: 7831
  • Registered member
Re: Target FIRE: 2017
« Reply #1372 on: December 28, 2017, 11:38:09 PM »
Worrying about my 2018 cash buffer.  Considering a different AA (nothing crazy, been contemplating the golden butterfly for a while). Are any of you changing your AA post retirement or want to share your AA?

RedmondStash

  • Pencil Stache
  • ****
  • Posts: 745
Re: Target FIRE: 2017
« Reply #1373 on: December 29, 2017, 09:50:02 AM »
Worrying about my 2018 cash buffer.  Considering a different AA (nothing crazy, been contemplating the golden butterfly for a while). Are any of you changing your AA post retirement or want to share your AA?

I've been waffling on this. I'm considering going slightly more conservative, but I'm not that impressed with how bonds have been performing. I'm also considering looking into CDs, although since interest rates seem to be gradually rising, that might be a loser's game right now.

Keeping a 1-year cash buffer, plus a little extra, helps ease our worries. It seems like a lot of $$ just to be sitting there stagnant while the market keeps rising, but when the market eventually starts dropping, it'll help us sleep at night.

I've heard of the golden butterfly but don't know its specifics. If it helps you sleep at night, why not?

Mostly what I'm trying to do is just forget that I have investments at all and stop frickin' tinkering with them all the time. I'm trying to figure out what AA would let me do that: stick with it through thick and thin.

Daisy

  • Handlebar Stache
  • *****
  • Posts: 1853
Re: Target FIRE: 2017
« Reply #1374 on: December 29, 2017, 10:27:03 AM »
I have enjoyed my post FIRE life so far.

The first month was spent on vacation. Then after that, some decompression (including a binge watch of Game of Thrones), and fixing a nasty plumbing issue. Good thing I have money on hand to fix the plumbing issue.

I am looking forward to the end of market trading today to update my financial spreadsheet with the final 2017 numbers. I will probably adapt my spreadsheet in 2018 to include my withdrawal amounts. I like to have my spreadsheet calculate ROI every year so I may need to adjust the calculations a bit to account for the withdrawals. I also need to rollover my pre and post tax 401k. I don't currently have an account with Vanguard, but am thinking of moving it there. I have a couple of accounts elsewhere, but I think I want to spread my money around. I think I can buy other non-Vanguard funds/stocks through the Vanguard website, but I am not sure. I don't even know if I want to do that, but I want to know how flexible it is.

Since I FIREd so late in the year I am treating my net worth at the end of 2017 as my stash number to calculate the 4% from. Although I am not going to spend exactly 4%, it gives me an idea of how high my spending can go. I think I will spend a little less, but the 4% has extra room in the budget to do fun things if I can, and if other plumbing/costs don't arise.

I started the more exercising thing, but haven't been that good about it over the last few weeks with the stress of the house maintenance emergency.

I'm feeling good about 2018.

RedmondStash

  • Pencil Stache
  • ****
  • Posts: 745
Re: Target FIRE: 2017
« Reply #1375 on: December 29, 2017, 01:12:03 PM »
I think I can buy other non-Vanguard funds/stocks through the Vanguard website, but I am not sure. I don't even know if I want to do that, but I want to know how flexible it is.

I believe you can. I have Vanguard accounts, and although I have only bought Vanguard products so far, I believe I've seen other companies' products for sale there. The caveat is that the trades are only free if they're Vanguard products. Not sure what they charge for trading other products.

Good luck.

CanuckExpat

  • Magnum Stache
  • ******
  • Posts: 2711
  • Age: 35
  • Location: Travelling
    • Freedom35
Re: Target FIRE: 2017
« Reply #1376 on: December 30, 2017, 03:12:08 PM »
Hi there!

I was surprised not to find topics (maybe there are some that I did not find) for target FIRE years: eg. 2017, 2018, 2019, etc. Anyone aware of such threads or interested in creating some? I think it would be interesting to share the last miles with people having the same target date.

Jack

There is a stickied thread titled Class of"/Cohort -- What year will you FIRE? which contains a list.

dragoncar

  • Walrus Stache
  • *******
  • Posts: 7831
  • Registered member
Re: Target FIRE: 2017
« Reply #1377 on: January 01, 2018, 11:38:54 AM »
Hi there!

I was surprised not to find topics (maybe there are some that I did not find) for target FIRE years: eg. 2017, 2018, 2019, etc. Anyone aware of such threads or interested in creating some? I think it would be interesting to share the last miles with people having the same target date.

Jack

There is a stickied thread titled Class of"/Cohort -- What year will you FIRE? which contains a list.

Yo we are in that thread right now.  I guess this was the first of such threads

dividendman

  • Handlebar Stache
  • *****
  • Posts: 1042
  • Age: 35
Re: Target FIRE: 2017
« Reply #1378 on: January 02, 2018, 11:40:08 AM »
Worrying about my 2018 cash buffer.  Considering a different AA (nothing crazy, been contemplating the golden butterfly for a while). Are any of you changing your AA post retirement or want to share your AA?

I upped my bond allocation from 20% pre-FIRE to 25% at FIRE. I'll be using the rising equity glide-path to lower my bond allocation for the first 10 years of FIRE from 25% to 5% (so, bonds down 2% per year - which will happen when I re-balance). So far though, since I FIREd in August of 2017, stocks have been on a tear and bonds about even or down a bit, so it looks like I'll be re-balancing INTO bonds despite the lower allocation if the current trend holds until my re-balance date.

In summary, I'm starting FIRE at 47.5% VTI / 27.5% VEU / 25% BND. BND will go down in allocation 2% per year and that will be split evenly between VTI and VEU so in 10 years I'll be at 57.5% VTI / 37.5 % VEU / 5% BND.

So far I haven't liquidated any investments and my dividends, interest, and hobbies (poker) have been enough to cover all expenses.

Everything is going great so far and those first four months just flew by! I'm very happy with my decision to pull my FIRE date in from March 2018 to August 2017. Let's see how 2018 goes!


dragoncar

  • Walrus Stache
  • *******
  • Posts: 7831
  • Registered member
Re: Target FIRE: 2017
« Reply #1379 on: January 02, 2018, 11:58:21 AM »
Worrying about my 2018 cash buffer.  Considering a different AA (nothing crazy, been contemplating the golden butterfly for a while). Are any of you changing your AA post retirement or want to share your AA?

I upped my bond allocation from 20% pre-FIRE to 25% at FIRE. I'll be using the rising equity glide-path to lower my bond allocation for the first 10 years of FIRE from 25% to 5% (so, bonds down 2% per year - which will happen when I re-balance). So far though, since I FIREd in August of 2017, stocks have been on a tear and bonds about even or down a bit, so it looks like I'll be re-balancing INTO bonds despite the lower allocation if the current trend holds until my re-balance date.

In summary, I'm starting FIRE at 47.5% VTI / 27.5% VEU / 25% BND. BND will go down in allocation 2% per year and that will be split evenly between VTI and VEU so in 10 years I'll be at 57.5% VTI / 37.5 % VEU / 5% BND.

So far I haven't liquidated any investments and my dividends, interest, and hobbies (poker) have been enough to cover all expenses.

Everything is going great so far and those first four months just flew by! I'm very happy with my decision to pull my FIRE date in from March 2018 to August 2017. Let's see how 2018 goes!

Now thinking of spending down bonds to mimic a rising equity glidepath.  Probably not the optimal approach from a market timing perspective, but I'm also loathe to make a big equity purchase all at once.  Need to go back and read the lump sum investing threads for courage.  I needed a conservative portfolio when accumulating for piece of mind, but I'd rather have more equities in the end.  Will probably discuss in the Golden Butterfly thread

After looking at my trading costs, they are relatively low so it almost makes sense to sell assets monthly or every other month, even with these low bond yields.

Now that 2017 is over, congrats to the class.  We didn't have a ceremony or anything :-(
« Last Edit: January 02, 2018, 12:02:19 PM by dragoncar »

dividendman

  • Handlebar Stache
  • *****
  • Posts: 1042
  • Age: 35
Re: Target FIRE: 2017
« Reply #1380 on: January 02, 2018, 12:17:34 PM »
I upped my bond allocation from 20% pre-FIRE to 25% at FIRE. I'll be using the rising equity glide-path to lower my bond allocation for the first 10 years of FIRE from 25% to 5% (so, bonds down 2% per year - which will happen when I re-balance). So far though, since I FIREd in August of 2017, stocks have been on a tear and bonds about even or down a bit, so it looks like I'll be re-balancing INTO bonds despite the lower allocation if the current trend holds until my re-balance date.

In summary, I'm starting FIRE at 47.5% VTI / 27.5% VEU / 25% BND. BND will go down in allocation 2% per year and that will be split evenly between VTI and VEU so in 10 years I'll be at 57.5% VTI / 37.5 % VEU / 5% BND.

So far I haven't liquidated any investments and my dividends, interest, and hobbies (poker) have been enough to cover all expenses.

Everything is going great so far and those first four months just flew by! I'm very happy with my decision to pull my FIRE date in from March 2018 to August 2017. Let's see how 2018 goes!

Now thinking of spending down bonds to mimic a rising equity glidepath.  Probably not the optimal approach from a market timing perspective, but I'm also loathe to make a big equity purchase all at once.  Need to go back and read the lump sum investing threads for courage.  I needed a conservative portfolio when accumulating for piece of mind, but I'd rather have more equities in the end.  Will probably discuss in the Golden Butterfly thread

After looking at my trading costs, they are relatively low so it almost makes sense to sell assets monthly or every other month, even with these low bond yields.

Now that 2017 is over, congrats to the class.  We didn't have a ceremony or anything :-(

Yes, that was my first thought as well. But then I considered the case that we're kind of experiencing now where stock markets just go on a tear. Do I really want to spend down my bonds even if the market doubles in 2018? Probably not. I still want the bond allocation to be lower, but I don't want it to be drastically lower in the first year or two of fire in case shit hits the fan in year 5 or something. This probably won't get me the best (market average) returns - but I don't care about that at this point. I want my portfolio to survive indefinitely AND not cause unnecessary stress.

I read a lot of the data and basically if your portfolio is healthy after 10 years of FIRE you're going to make it. Hence my glide-path (and not just liquidating bonds for expenses regardless of allocation).

dividendman

  • Handlebar Stache
  • *****
  • Posts: 1042
  • Age: 35
Re: Target FIRE: 2017
« Reply #1381 on: January 02, 2018, 12:21:19 PM »
Here is my entire FIRE IPS:

Investment Objectives
   - To "retire" at 35 based on the 4% rule with ~$1M in invested assets (DONE)
   - To have simple, low cost funds in my portfolio (VTI/VOO, VEU/VXUS, BND)
   - To implement a rising equity glidepath of investments
      - this means starting with VTI/VEU/BND of 47.5%/27.5%/25%
      - reducing the bond allocation by 2% (1% to each domestic and interational) a year for the first 10 years
      - the final breakdown after 10 years will be 57.5/37.5/5

Risk Tolerance
   - I've considered my risk tolerance in the above

Holding Limits
   - As perscribed in the objectives

Target Allocation
   - As perscribed in the objectives

Selection Criteria
   - As perscribed in the objectives (low cost, broad index, ETFs, including domestic, international and bond)

Review process
   - Investments will be reviewed monthy (as well as liquidated for expenses as need be), liquidation will bring as much balance as it can
        - Most (all) expenses should be covered by bond liquidation and dividends/interest assuming no massive swings in the markets

Rebalancing
   - Rebalancing will occur twice a year on August 20th and February 20th
   - The August 20th rebalancing will implement the rising equity glidepath (if needed, i.e. if liquidation isn't enough)

Other considerations
   - If a house (or other large investment) is being purchased, the funds will be taken in a manner that keeps the target allocation intact
   - Similarly if new funds are acquired they will be invested per the target allocations


RedmondStash

  • Pencil Stache
  • ****
  • Posts: 745
Re: Target FIRE: 2017
« Reply #1382 on: January 03, 2018, 10:46:00 AM »
Now that 2017 is over, congrats to the class.  We didn't have a ceremony or anything :-(

We must rectify this immediately.

Go, Team 2017! Well done!



Image would be smaller if I could figure out how to scale in forum posts.
« Last Edit: January 03, 2018, 06:13:26 PM by RedmondStash »

Cherry Lane

  • Handlebar Stache
  • *****
  • Posts: 1131
  • Location: Virginia
Re: Target FIRE: 2017
« Reply #1383 on: January 03, 2018, 01:06:59 PM »
Hooray Class of 2017!  This member of 2018 looks forward to joining you.

Image would be smaller if I could figure out how to scale in forum posts.

Go back and edit your post.  In front of your image link are square brackets containing the text "img".  Change the contents of those square brackets to be "img width=500" (without the quote marks, of course).  You'll get this:



If you want it even smaller, use a number smaller than 500.  (Quote this post to see the code if you need more help.)

RedmondStash

  • Pencil Stache
  • ****
  • Posts: 745
Re: Target FIRE: 2017
« Reply #1384 on: January 03, 2018, 06:13:57 PM »
Hooray Class of 2017!  This member of 2018 looks forward to joining you.

Image would be smaller if I could figure out how to scale in forum posts.

Go back and edit your post.  In front of your image link are square brackets containing the text "img".  Change the contents of those square brackets to be "img width=500" (without the quote marks, of course).  You'll get this:



If you want it even smaller, use a number smaller than 500.  (Quote this post to see the code if you need more help.)

Excellent, thanks. I knew it was something like that but couldn't recall the specific syntax.

Trifele

  • Handlebar Stache
  • *****
  • Posts: 1191
  • Location: US
Re: Target FIRE: 2017
« Reply #1385 on: January 05, 2018, 04:48:41 AM »
Congratulations Class of '17!!

Thank you for all the inspiration you gave me this year as I lurked on your thread.  :)  Seeing you all bravely jump out of the plane and pull your rip cords was incredible.   

I am class of '19, and it's starting to feel real.  [chill along spine]

RedmondStash

  • Pencil Stache
  • ****
  • Posts: 745
Re: Target FIRE: 2017
« Reply #1386 on: January 06, 2018, 11:52:00 AM »
So here I am, a month into FIRE, and I just last night had the epiphany that I might *not* have doomed spouse & me to financial ruin by leaving my job. I say this not to be a downer, but in case anyone else has been struggling with the transition while watching other people post about their delirious post-FIRE happiness and hoping to get some of that soon.

Brains are funny things.

lhamo

  • Walrus Stache
  • *******
  • Posts: 7180
  • Location: Seattle
Re: Target FIRE: 2017
« Reply #1387 on: January 06, 2018, 02:22:22 PM »
So here I am, a month into FIRE, and I just last night had the epiphany that I might *not* have doomed spouse & me to financial ruin by leaving my job. I say this not to be a downer, but in case anyone else has been struggling with the transition while watching other people post about their delirious post-FIRE happiness and hoping to get some of that soon.

Brains are funny things.

Indeed.  I was riddled with horrible anxiety for a couple of days because it appears I grossly underestimated what our 2017 tax bill will be.   The difference is less than 1% of our stash.  In the grand scheme of things, it is next to nothing, and we could earn it back through part time work this year if we decide it is important enough to do so.  But that rationalization is not good enough for my Inner Bag Lady spirit animal, of course.  She is insisting that this is the first tile of the Domino Display of Doom that is going to sink us into financial and spiritual doom.

Does anybody know if there is a version of xanax that you can feed to your Inner Bag Lady to make her chill the fuck down? 
Wherever you go, there you are

RedmondStash

  • Pencil Stache
  • ****
  • Posts: 745
Re: Target FIRE: 2017
« Reply #1388 on: January 06, 2018, 08:50:23 PM »
Does anybody know if there is a version of xanax that you can feed to your Inner Bag Lady to make her chill the fuck down?

Pretty much Xanax will do that. Or possibly THC/CBD, if they are legal where you live.

Sometimes meditation can help too, but for me it's kind of hit or miss.

FiveSigmas

  • Bristles
  • ***
  • Posts: 443
Re: Target FIRE: 2017
« Reply #1389 on: January 06, 2018, 10:30:55 PM »
Does anybody know if there is a version of xanax that you can feed to your Inner Bag Lady to make her chill the fuck down? We

I've heard group therapy (aka attending meetups) helps :-).

SwordGuy

  • Magnum Stache
  • ******
  • Posts: 4035
  • Location: Fayetteville, NC
    • Flipping Fayetteville
Re: Target FIRE: 2017
« Reply #1390 on: January 15, 2018, 07:43:28 AM »
So here I am, a month into FIRE, and I just last night had the epiphany that I might *not* have doomed spouse & me to financial ruin by leaving my job. I say this not to be a downer, but in case anyone else has been struggling with the transition while watching other people post about their delirious post-FIRE happiness and hoping to get some of that soon.

Brains are funny things.

They are, indeed!

We've made our piece with it and will FIRE in May 2018.

Basenji

  • Pencil Stache
  • ****
  • Posts: 954
  • Location: Near U.S. prezies 44 and 45
Re: Target FIRE: 2017
« Reply #1391 on: January 24, 2018, 07:58:50 AM »
Whelp, I quit my job back in December and forgot to report in! But I'm really a SWAMI, working adjunct when I want to for my old employer. Still figuring out things like routines for my day! I'm experimenting. About to go on a two week trip for fun. Anyway, sorry for the late check-in, just wanted to say hi and congrats to everyone.

CanuckExpat

  • Magnum Stache
  • ******
  • Posts: 2711
  • Age: 35
  • Location: Travelling
    • Freedom35
Re: Target FIRE: 2017
« Reply #1392 on: January 26, 2018, 11:29:33 AM »
Hi there!

I was surprised not to find topics (maybe there are some that I did not find) for target FIRE years: eg. 2017, 2018, 2019, etc. Anyone aware of such threads or interested in creating some? I think it would be interesting to share the last miles with people having the same target date.

Jack

There is a stickied thread titled Class of"/Cohort -- What year will you FIRE? which contains a list.

Yo we are in that thread right now.  I guess this was the first of such threads

It looks like the third of such threads, at least in chronological retirement order, don't know when the threads were started.
That master list is updated to reflect your final list. Is it up to date?

dividendman

  • Handlebar Stache
  • *****
  • Posts: 1042
  • Age: 35
Re: Target FIRE: 2017
« Reply #1393 on: February 03, 2018, 10:53:50 PM »
Lose 60 more lbs (already lost 40 since fire!)

Freedom17

  • 5 O'Clock Shadow
  • *
  • Posts: 74
  • Location: Travelling
Re: Target FIRE: 2017
« Reply #1394 on: February 03, 2018, 11:32:05 PM »
Lose 60 more lbs (already lost 40 since fire!)

That's awesome. Congrats!!!

dragoncar

  • Walrus Stache
  • *******
  • Posts: 7831
  • Registered member
Re: Target FIRE: 2017
« Reply #1395 on: February 03, 2018, 11:38:31 PM »
Has anyone thought about personal goals for 2018? Maybe we can post them here to help keep each other accountable.

Now that we have all this free time let's make them audacious!

Here are mine:

Spend half an hour of focused time with each of my children daily
Get to 13% body fat
Guitar: Gold star everything up to level 8 and silver star everything up to level 10 in yousician (a guitar teaching app)
Be able to carry out a basic conversation in Cantonese
Learn to tack and gybe on a windsurfer

Interested in yousician!  Highly reccomend?

MarciaB

  • Bristles
  • ***
  • Posts: 373
  • Age: 56
  • Location: Oregon
Re: Target FIRE: 2017
« Reply #1396 on: February 04, 2018, 12:17:31 AM »
Has anyone thought about personal goals for 2018? Maybe we can post them here to help keep each other accountable.

Now that we have all this free time let's make them audacious!

Here are mine:

Spend half an hour of focused time with each of my children daily
Get to 13% body fat
Guitar: Gold star everything up to level 8 and silver star everything up to level 10 in yousician (a guitar teaching app)
Be able to carry out a basic conversation in Cantonese
Learn to tack and gybe on a windsurfer

Great idea! My current focus is to lose the 8 pounds I've put on in the last couple of years (and not find them again).


My blog on topics having to do with minimalism, nomadic living and travel: www.baggypop.com

MrsWhipple

  • Bristles
  • ***
  • Posts: 390
Re: Target FIRE: 2017
« Reply #1397 on: March 01, 2018, 12:37:18 PM »
Looks amazing! Love the light in that last photo.

We just took half a week and drove down to visit the inlaws. Going to visit the elephant seals tomorrow morning for a half day hike. Considering doing a trip down to Mexico or South America sometime before the baby turns two so her flight will still be free.


jack06

  • 5 O'Clock Shadow
  • *
  • Posts: 32
  • Age: 43
Re: Target FIRE: 2017
« Reply #1398 on: March 02, 2018, 11:15:18 AM »
Hi everyone. How's your 2018 going so far?

Currently traveling (Portugal right now). We plan to get back home soon, then travel again in April/May, then again in June. After that, we'll see!

SachaFiscal

  • Stubble
  • **
  • Posts: 234
Re: Target FIRE: 2017
« Reply #1399 on: March 13, 2018, 03:46:37 PM »
I retired about 8 months ago. Yesterday as I was driving in the mid afternoon and looking out on the open road with a blue sky in the horizon I realized I'm the happiest I've ever been (except maybe as a kid).  I think I'm almost through the decompression phase.  I've started taking some music classes which I absolutely love.  Music is something I've wanted to study since I was a kid but I never seemed to be motivated to do it once I started working after college. Now I finally have the motivation to do it.

At first I tried learning some new software modalities (I used to be a software engineer) thinking that I could possibly go back to work at some point doing something I liked a little bit better than what I was doing before.  I think that was not helping me with decompression. Rather I still felt similar to how I did when I was at work.  When I finally said a final goodbye to software and decided to just pursue music, I really felt free. I feel like a different person.

I've finally gotten into somewhat of a routine with my diet and exercise and have nearly lost 10 lbs!  I'd like to lose about 5-10 more which I think is doable over the next several months. Also I'm just happier being able to spend time in the sun everyday. Happier to spend time moving my body everyday.

I still have some unpleasant feelings when I tell people I'm not working anymore.  Everyone is very supportive but I still feel uncomfortable telling people for some reason. Especially if those people aren't very happy with their current jobs. I think I feel a bit guilty because I can live this life but they can't. Anyone else feeling FIRE-guilt (kind of like rich-guilt)?