Author Topic: Target FIRE: 2017  (Read 234686 times)

sw1tch

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Re: Target FIRE: 2017
« Reply #950 on: May 24, 2017, 08:38:29 AM »
I'm definitely not an expert on this, but I believe many full time travelers establish residency in a state that has the most favorable tax laws and such. South Dakota seems to be a popular choice for RVers and I believe there are a number of businesses there that provide services like this.

Thanks for the response.  I did look into that in the past; however, we're currently not wanting the RV/ full-time travel life.  We want some time away but prefer having a home/base that we come back to after travelling.  I think I already answered my own question: we'll be residents of our current state until we sign a lease in the next state.  Then, we'll go from there and figure out where to go next (or not).
<|>

I, sw1tch, will become a millionaire!
FIRE'd on 9/8/2017
Take academic surveys for cash: https://www.prolific.ac/p?ref=27AQM9WX

CanuckExpat

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Re: Target FIRE: 2017
« Reply #951 on: May 24, 2017, 08:26:56 PM »
I guess my question is, what should I do about a mailing address during our travels?  I've begun looking into P.O. boxes and using services similar to what ARS uses for mail processing/ emailing of scanned mail contents.  I really don't want to pay rent while we're on the road as that would just be a complete waste as well as force us to rush into a lease that we might be unsure of.

We use Traveling Mailbox and are very happy. We picked a Florida address because we wanted an ACA plan from Florida. Florida is also tax free, which is nice. (though our state of resident situation got more complicated)
There is one or two bank accounts that won't accept the travelling mailbox address as a "home address", so it is helpful to have another address you can use as "home" and use the travelling mailbox address as mailing address. If needed

rachael talcott

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Re: Target FIRE: 2017
« Reply #952 on: May 25, 2017, 07:27:11 AM »
Marking myself as confirmed.  Retirement plans include two weeks in Paris, gardening, and learning to play the cello. 

hey Rachael, I'm learning to play the cello too (3 years into it) and can't wait to have more time to practice!

Cool. Do you have any advice regarding books, online teachers, websites, etc?

I most definitely recommend you find a real in person teacher if that is possible for you.

I can suggest you search for "Abigail McHugh-Grifa cello" on YouTube. Her videos are really great and I watch them during summer when I have no teacher. If you are looking for an online teacher, try http://cellojunkie.com/services/, I've watched several of Joseph's videos (also on YouTube) are I like his approach.

Thanks.  There are no cello teachers in the town where I live, so I'm trying to learn as much as I can online.

MarciaB

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Re: Target FIRE: 2017
« Reply #953 on: May 25, 2017, 08:29:58 AM »
I guess my question is, what should I do about a mailing address during our travels?  I've begun looking into P.O. boxes and using services similar to what ARS uses for mail processing/ emailing of scanned mail contents.  I really don't want to pay rent while we're on the road as that would just be a complete waste as well as force us to rush into a lease that we might be unsure of.

We use Traveling Mailbox and are very happy. We picked a Florida address because we wanted an ACA plan from Florida. Florida is also tax free, which is nice. (though our state of resident situation got more complicated)
There is one or two bank accounts that won't accept the travelling mailbox address as a "home address", so it is helpful to have another address you can use as "home" and use the travelling mailbox address as mailing address. If needed

We just got a Traveling Mailbox as well, and for the most part they are good. Slow but good. And we picked an address from their list in a neighboring state (WA) to switch residency to for tax reasons (and their ACA is better too).

Our plans are to hobo around the country and the world, no storage or permanent basecamp (we're divesting ourselves of everything the way ARebelSpy and his wife did).

Who knew getting down to zero stuff and zero place to live is so complicated? It sounds freeing, but the details of making it happen can seem overwhelming.
My blog on topics having to do with minimalism, nomadic living and travel: www.baggypop.com

sw1tch

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Re: Target FIRE: 2017
« Reply #954 on: May 25, 2017, 09:45:33 AM »
Thanks for the Traveling Mailbox suggestion.  I'll look into it for sure as well as comparing ACA plan costs from different states.

So much to do, so little time...
<|>

I, sw1tch, will become a millionaire!
FIRE'd on 9/8/2017
Take academic surveys for cash: https://www.prolific.ac/p?ref=27AQM9WX

myhotrs

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Re: Target FIRE: 2017
« Reply #955 on: May 30, 2017, 11:02:25 PM »
Updated my LinkedIn profile a few days ago. Borrowed a great tag line I saw here on the forums for current occupation "This Field Intentionally Left Black"

https://www.linkedin.com/in/greg-zilberbrand-b0a4136/
I swear, by my life and my love of it, that I will never live for the sake of another man, nor ask another man to live for mine.

Mrs. Pomodoro

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Re: Target FIRE: 2017
« Reply #956 on: May 31, 2017, 02:24:47 AM »
Updated my LinkedIn profile a few days ago. Borrowed a great tag line I saw here on the forums for current occupation "This Field Intentionally Left Black"

https://www.linkedin.com/in/greg-zilberbrand-b0a4136/

I'm going to steal that line, but change black to blank. ;)

dividendman

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Re: Target FIRE: 2017
« Reply #957 on: May 31, 2017, 12:02:59 PM »
80 days left... wooooooooooo

WannaGoOutside

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Re: Target FIRE: 2017
« Reply #958 on: May 31, 2017, 12:33:27 PM »
30 here ... but only 21 more work days!!!  And everyone at the office now knows, so no more secret double life.  That was growing tiresome!

UnleashHell

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Re: Target FIRE: 2017
« Reply #959 on: May 31, 2017, 12:45:52 PM »
61 days here - and still doing the double life. nobody knows yet. that'll change soon...
right now though its just tiresome.
_____________
JTF 96

WannaGoOutside

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Re: Target FIRE: 2017
« Reply #960 on: May 31, 2017, 01:28:52 PM »
61 days here - and still doing the double life. nobody knows yet. that'll change soon...
right now though its just tiresome.

I feel your pain!  That was the hardest part to me, as I would talk with my small group of non-work friends openly ... but then my at work conversation had to completely leave out things like ... my house is on the market! ... we have several offers on our house!! ... they want to close on the house in 3 weeks!!!  ... we are moving everything from our house to our (previous) vacation house this week!!!! ...

I came clean with my boss during my performance eval in April.  And then DH and I moved our date up from the end of 2017 to June 30, so my boss started working on plans to move the people I manage.  And finally !!! last week we announced to the group what is happening.  AND then I was finally free to be *ME* with everyone in the office ... my double life ended!  Yay!!!

Cookie78

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Re: Target FIRE: 2017
« Reply #961 on: May 31, 2017, 01:29:27 PM »
64 days! 37 work days. Everyone knows I'm taking a year off, but they don't know I may not be back and that if I do come back it'll be only for a couple months.

SachaFiscal

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Re: Target FIRE: 2017
« Reply #962 on: May 31, 2017, 10:39:41 PM »
I have a countdown app on my phone that I added my Dec 1 date to. It's still so many days away but seeing it slowly shrink second by second is very comforting. Especially when I've had a hard day.

dividendman

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Re: Target FIRE: 2017
« Reply #963 on: June 01, 2017, 08:02:48 AM »
I have a countdown app on my phone that I added my Dec 1 date to. It's still so many days away but seeing it slowly shrink second by second is very comforting. Especially when I've had a hard day.

Haha, I have an app/widget as well, right on my home screen. woo!

Financial Ascensionist

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Re: Target FIRE: 2017
« Reply #964 on: June 01, 2017, 11:48:50 AM »
Everyone, I am writing this as a free man!  I am pleased to join your rank as graduate of the Class of 2017.

I was hoping to remain productive through my last week at work, but I failed rather miserably to do so as soon as I went public with my upcoming departure, I was faced with a non-stop stream of people asking more about my plans and wishing me well.  I kept the message as "taking some time off", which was received very positively without any hint of nay-saying.  There were a handful of questions regarding finances, which were rather easy to answer assuming a short time horizon, but I did my best to always hint and the possibility of a sustainable passive portfolio.  I wanted to sleep in this morning, but I woke up crazy early instead as I can't quite contain the excitement of embracing my new situation.  I am enjoying every minute of it!

Cookie78

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Re: Target FIRE: 2017
« Reply #965 on: June 01, 2017, 12:52:31 PM »
Everyone, I am writing this as a free man!  I am pleased to join your rank as graduate of the Class of 2017.

I was hoping to remain productive through my last week at work, but I failed rather miserably to do so as soon as I went public with my upcoming departure, I was faced with a non-stop stream of people asking more about my plans and wishing me well.  I kept the message as "taking some time off", which was received very positively without any hint of nay-saying.  There were a handful of questions regarding finances, which were rather easy to answer assuming a short time horizon, but I did my best to always hint and the possibility of a sustainable passive portfolio.  I wanted to sleep in this morning, but I woke up crazy early instead as I can't quite contain the excitement of embracing my new situation.  I am enjoying every minute of it!

Congrats! So exciting! I imagine I will wake up bright and early on FIRE day 1 brimming with excitement also. :)

Knaak

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Re: Target FIRE: 2017
« Reply #966 on: June 02, 2017, 07:56:32 AM »
Updated Financial Ascensionist, Stasher, and MandalayVA to Confirmed.  Congrats to all!  Stasher mentioned he FIRE'd in his journal and MandalayVA started a badassity thread.  I also moved Romag to Sep 01, 2016 based on this comment.


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
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
MandyM           (at 38) May 15, 2017       Part time
RedmondStash             May 18, 2017       Leave of absence, 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
fidreamer                June 16, 2017
Mrs. Pomodoro    (at 43) June 16, 2017
Rahby1us                 June, 2017
Bruizer          (at 56) June 30, 2017
WannaGoOutside   (at 45) June 30, 2017
Charlie Foxtrot  (at 41) July 1, 2017
Daisy            (at 48) July 17, 2017
Freedom17        (at 38) July 28, 2017
concealed stache (at 35) July 31, 2017
Jack06           (at 42) August 1, 2017
UnleashHell      (at 49) August 1, 2017
Cookie78         (at 39) August 3, 2017
dividendman      (at 35) August 18, 2017
MadBikePoet      (at 44) Sep 1, 2017
Zephyr911        (at 39) Sep 30, 2017
Bigchrisb        (at 35) October 1, 2017
FIREy                    November 1, 2017     
MonkeyJenga      (at 31) Fall 2017
SachaFiscal      (at 41) Dec 1, 2017   
Jim2001                  Dec 31, 2017
Easypeasy        (at 35) Late 2017
Mf3333           (at 56)                    OMY
SwordGuy         (at 59)                    OMY
Mrs. SwordGuy                               OMY
Noble_goal                                  OMY
JoJo             (at 43)                    OMY
homestead neohio (at 39)                    OMY
Cache Stash      (at 54)                    WIGLO*

* When I get laid off

Stasher

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Re: Target FIRE: 2017
« Reply #967 on: June 02, 2017, 05:02:03 PM »
I officially have no job yes :) May 19th was my last day and today I got a tiny paycheque and email stating that we are officially done and all remuneration, holidays, etc are paid in full. I have a few side hustle jobs rolling as I have been having fun building my skills as a photographer. This may go against the rules but heck if I can make some $$ having a blast at something that is fun why not. It is definitely not the technical oilfield work I did for 21 years thats for sure.
The Mindful Explorer : Explore-Adventure-Photograph https://www.ChrisIstace.com


MMM Forums Journal - Beyond The Usual

rachael talcott

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Re: Target FIRE: 2017
« Reply #968 on: June 02, 2017, 05:51:43 PM »
Just checking in to say that two weeks in, I LOVE retirement.  I go for long walks in the morning before it gets hot, when I would normally be starting my work day.  I cook food from scratch for lunch and have a bit of wine with it.  I go shopping while everyone else is at work. I have made a giant mess on my kitchen table with two different creative projects.  I don't want to seem too happy around other people because it might seem like gloating, but here I can say it because you are all either there or close.  I'm SO GLAD to be retired. 

Freedom17

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Re: Target FIRE: 2017
« Reply #969 on: June 02, 2017, 05:58:12 PM »
Congratulations and thank you for bringing so much positivity to our Friday!!!

UnleashHell

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Re: Target FIRE: 2017
« Reply #970 on: June 03, 2017, 06:23:00 AM »
gloat all you like here folks!! we get it. or will.....
_____________
JTF 96

rahby1us

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Re: Target FIRE: 2017
« Reply #971 on: June 12, 2017, 08:50:47 PM »
I've been almost too excited to post this, or maybe it's still a state of disbelief, but here goes. Last summer my company announced that they would be doing a merger/split off. I was nervous but also hopeful that this could end up working in my favor. I had been with my company just over a year, and during that time had been pretty darn underutilized. The actual work wasn't very fulfilling, but it was a very good salary and great subsidized health benefits so i stuck with it. I wavered between planning on a Jan FIRE date, to then deciding to make it to about April when i would be able to max out my 401k. But April was so close to annual bonus time- June- so that was tempting as well.

In February 2017 my boss and i sat down and when pressed i admitted to him that i was feeling fairly unfulfilled. Little did i know he was essentially interviewing me for a new team he was tasked with building. A month later he had hired my replacement. I trained her and was essentially put out to pasture within the new spinoff smaller company. I had no official role and my supervisor was many many levels above me. For 3 months, i awaited an assignment or direction but nothing ever came. I was nervous to call any attention to myself for fear of getting let go before i was ready. Also, being honest, i got to fill my days with whatever i wanted. It was a FIRE trial run, and I did well. Biking, hiking, kayaking, fishing, building, etc... and about twice a month answering questions of my replacement or doing some small items that i used to be responsible for while "working" from home (and always available via phone work email). I also started planning for a BIG trip in 2017 with DW. Fast forward to 2 weeks ago, we are all planned and ready to begin travel. We've sold one vehicle and are now a 1 car family. All that remains is tying up the loose ends at work... how long should i let this go on? Luckily, the question was answered for me. I got the call that I'm going to be laid off effective mid June. I'll be receiving both the annual bonus as well as 2.5 months of severance. I couldn't have planned it better myself, officially FIRE'd!

myhotrs

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Re: Target FIRE: 2017
« Reply #972 on: June 12, 2017, 09:44:15 PM »
Welcome to FIRE and congrats rahby1us!!

I'm a month in and its been fantastic. Just got back from Camp Mustache and am packing again for a week camping trip to North Rim and Bryce with some friends we used to never have time to see. Been walking my daughter to school and picking her up everyday. I started to get a bit bored last week and got in touch with some old friends and coworkers and have lots of stuff planned.
I swear, by my life and my love of it, that I will never live for the sake of another man, nor ask another man to live for mine.

Stasher

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Re: Target FIRE: 2017
« Reply #973 on: June 13, 2017, 01:58:13 PM »
Now that is a great ending to that story @Rahby1us , enjoy the ride on the way out.
@Myhotrsgood to hear you are making the most of your time and getting to do things you want
The Mindful Explorer : Explore-Adventure-Photograph https://www.ChrisIstace.com


MMM Forums Journal - Beyond The Usual

ks135ks

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Re: Target FIRE: 2017
« Reply #974 on: June 15, 2017, 07:23:36 AM »
I'm so excited to write this post.  Went part time May 1, but going to FIRE August 3.  I've been following this thread from the sidelines for a little while now.  Thanks for the inspiration!

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
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
MandyM           (at 38) May 15, 2017       Part time
RedmondStash             May 18, 2017       Leave of absence, 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
fidreamer                June 16, 2017
Mrs. Pomodoro    (at 43) June 16, 2017
Rahby1us                 June, 2017
Bruizer          (at 56) June 30, 2017
WannaGoOutside   (at 45) June 30, 2017
Charlie Foxtrot  (at 41) July 1, 2017
Daisy            (at 48) July 17, 2017
Freedom17        (at 38) July 28, 2017
concealed stache (at 35) July 31, 2017
Jack06           (at 42) August 1, 2017
UnleashHell      (at 49) August 1, 2017
Cookie78         (at 39) August 3, 2017
ks135ks          (at 34) August 3, 2017
dividendman      (at 35) August 18, 2017
MadBikePoet      (at 44) Sep 1, 2017
Zephyr911        (at 39) Sep 30, 2017
Bigchrisb        (at 35) October 1, 2017
FIREy                    November 1, 2017     
MonkeyJenga      (at 31) Fall 2017
SachaFiscal      (at 41) Dec 1, 2017   
Jim2001                  Dec 31, 2017
Easypeasy        (at 35) Late 2017
Mf3333           (at 56)                    OMY
SwordGuy         (at 59)                    OMY
Mrs. SwordGuy                               OMY
Noble_goal                                  OMY
JoJo             (at 43)                    OMY
homestead neohio (at 39)                    OMY
Cache Stash      (at 54)                    WIGLO*

* When I get laid off

Cookie78

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Re: Target FIRE: 2017
« Reply #975 on: June 15, 2017, 07:45:32 AM »
I'm so excited to write this post.  Went part time May 1, but going to FIRE August 3.  I've been following this thread from the sidelines for a little while now.  Thanks for the inspiration!

Yay team Aug 3!
49 more days!! :D

dividendman

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Re: Target FIRE: 2017
« Reply #976 on: June 15, 2017, 08:07:57 AM »
I'm so excited to write this post.  Went part time May 1, but going to FIRE August 3.  I've been following this thread from the sidelines for a little while now.  Thanks for the inspiration!

Yay team Aug 3!
49 more days!! :D

Go go go! I'll be giving my notice on your last day!

ks135ks

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Re: Target FIRE: 2017
« Reply #977 on: June 15, 2017, 08:26:08 AM »
Nice!!  Go team!  How surreal is it to see 49 more days!  I have a workdays countdown in my calendar, today isn't June 15th it's 29 workdays left ;)

bigchrisb

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Re: Target FIRE: 2017
« Reply #978 on: June 15, 2017, 05:54:39 PM »
I've cut another month out of my "days in the office" by booking in a month's vacation to do a bucket list trip to the Galapagos Islands and go cave diving in Mexico.  The neat thing is that I'll also accrue leave while on leave, which I wouldn't if I had it paid out on leaving.  46 office days left...

sw1tch

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Re: Target FIRE: 2017
« Reply #979 on: June 16, 2017, 01:32:37 PM »
I keep pushing my date out a couple weeks at a time since we have way too much stuff to get rid of around the house before taking off for good; I'm at mid-July to mid-August depending on how things go.

I figure, I'll just keep adding to our stash in the mean-time.

On another note, what net worth did some of the folks in here retire at?  I'm planning to go right around the $600K mark which puts my budget at ~ $24K a year for 2 people.
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Threshkin

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Re: Target FIRE: 2017
« Reply #980 on: June 16, 2017, 03:14:59 PM »
...snip...

On another note, what net worth did some of the folks in here retire at?  I'm planning to go right around the $600K mark which puts my budget at ~ $24K a year for 2 people.

That would have been too low for me.  I am not that brave.  I was more than double that for 2 people.  For reference, health insurance is $900/month for the two of us not counting subsidies which are iffy in the near term.
« Last Edit: June 16, 2017, 03:18:12 PM by Threshkin »

bigchrisb

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Re: Target FIRE: 2017
« Reply #981 on: June 16, 2017, 03:51:55 PM »
I keep pushing my date out a couple weeks at a time since we have way too much stuff to get rid of around the house before taking off for good; I'm at mid-July to mid-August depending on how things go.

I figure, I'll just keep adding to our stash in the mean-time.

On another note, what net worth did some of the folks in here retire at?  I'm planning to go right around the $600K mark which puts my budget at ~ $24K a year for 2 people.

Paid off house +1.8M invested for me.

dividendman

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Re: Target FIRE: 2017
« Reply #982 on: June 17, 2017, 12:44:01 PM »
I keep pushing my date out a couple weeks at a time since we have way too much stuff to get rid of around the house before taking off for good; I'm at mid-July to mid-August depending on how things go.

I figure, I'll just keep adding to our stash in the mean-time.

On another note, what net worth did some of the folks in here retire at?  I'm planning to go right around the $600K mark which puts my budget at ~ $24K a year for 2 people.

Paid off house +1.8M invested for me.

Single, no house, ~1M USD

Daisy

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Re: Target FIRE: 2017
« Reply #983 on: June 18, 2017, 05:58:44 PM »
Well I am a month away from my stated FIRE date. I am not sure if I will hit it, but I am definitely trying to chart my escape path.

I am currently tapping into my FU reservoirs to try and right some recent wrongs at work. Will it turn into an epic FU money story? Only time will tell. This may slightly delay my FIRE date but will be well worth it life-satisfaction-wise.

MandyM

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Re: Target FIRE: 2017
« Reply #984 on: June 19, 2017, 06:31:58 AM »
On another note, what net worth did some of the folks in here retire at?  I'm planning to go right around the $600K mark which puts my budget at ~ $24K a year for 2 people.

I'm part time now, but will likely quit altogether within a year. I'm hoping to hold out until I have $600K, but I may go sooner. I also have a rental property. Single, LCOL.
"Freedom lies in being bold." -Robert Frost

sw1tch

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Re: Target FIRE: 2017
« Reply #985 on: June 19, 2017, 08:42:16 AM »
Thanks for the input everyone.  The amount for us is low (but do-able based on our budget) and there really aren't any guarantees that we won't work again (or maybe even start our own business), but I feel a looooong sabbatical is definitely needed.  I suppose this is also a trial-run to see how we like FIRE and to discover more about ourselves.

We are also planning to stay in LCOL areas and possibly just be nomads for a while.  I am planning to document all of our experience (will try my hand at blogging) as we go.
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SachaFiscal

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Re: Target FIRE: 2017
« Reply #986 on: June 20, 2017, 03:30:31 AM »
Well I am a month away from my stated FIRE date. I am not sure if I will hit it, but I am definitely trying to chart my escape path.

I am currently tapping into my FU reservoirs to try and right some recent wrongs at work. Will it turn into an epic FU money story? Only time will tell. This may slightly delay my FIRE date but will be well worth it life-satisfaction-wise.

Oooh! Tell us more! :-)

SachaFiscal

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Re: Target FIRE: 2017
« Reply #987 on: June 20, 2017, 03:47:02 AM »
I'm 5 months away from my planned retirememt date but I'm itching to leave earlier. My 401k match just dropped and I might get a bonus soon.  I was going to wait for some stock to vest in November but it seems less and less worth it to me. Also I've been training some recent hires who, if needed,  could pretty much take over what I was planning to work on for the next few months. Since we won't be fully FI for a few years (DH will still be working), waiting for my planned date in December doesn't seem all that necessary. We'll be able to live off his salary and even save a little so we don't have to touch the stash for a while. Now I'm thinking I'll wait a couple weeks to see if I get the bonus then have the talk with my manager. 

I am still a bit queasy about giving notice though. And giving up the steady paycheck that has been my constant companion for the past 18 years

Mrs. Pomodoro

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Re: Target FIRE: 2017
« Reply #988 on: June 20, 2017, 05:57:47 PM »
I'm 5 months away from my planned retirememt date but I'm itching to leave earlier. My 401k match just dropped and I might get a bonus soon.  I was going to wait for some stock to vest in November but it seems less and less worth it to me.
I had the same dilemma. Had some shares vesting in October but one thing I realized is the market's normal ups and downs actually affects our net worth more than those shares. So I guess it depends on how much you're shares are worth. Oh and it's hard for me to let go of the 6% 401k match. I can understand not getting the match really sours the mood.

Quote
Since we won't be fully FI for a few years (DH will still be working), waiting for my planned date in December doesn't seem all that necessary. We'll be able to live off his salary and even save a little so we don't have to touch the stash for a while.
That was the situation we were in. Mr. P left his previous job almost 4 years ago while I kept working. We ended up saving more than we expected on one salary 'cause we spent less with one person staying at home and made more with normal raises.

Quote
I am still a bit queasy about giving notice though. And giving up the steady paycheck that has been my constant companion for the past 18 years
I thought I'd miss my paychecks but not really. Freedom is my new best friend! :)

Mrs. Pomodoro

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Re: Target FIRE: 2017
« Reply #989 on: June 20, 2017, 06:14:55 PM »
It hasn't quite sunk in yet but last Friday was my last day at the corporate office! I'm still sticking a toe in the water considering helping out in a very part-time, lower-paying position but I'm on leave of absence until HR figures out what they want me to do. Freedom feels so good and I don't see myself accepting the part-time position unless there's really no stress.  In the mean time I'll just take the extra health insurance coverage since I'm still on the payroll. ;)

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SachaFiscal

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Re: Target FIRE: 2017
« Reply #990 on: June 21, 2017, 06:19:40 AM »
Thanks for ththe perspective, Mrs. Pomodoro. I didn't think about it before but yes the market fluctuations can be more than those shares are worth. And freedom is worth ever so much more. Nice that you are taking a leave of absence. I did something similar earlier this year as sort of a trial retirement. I thought about just not going back to work after the leave but decided instead to go back part time (4 days a week). That was working out for the first month but I'm realizing that the deadline stress and corporate monotony is worse than I expected, even with the reduced schedule. It was like once I tasted freedom on my leave of absence, going back to the corporate working world was even worse.

There were a couple things missing from my life during my leave that I realized work had provided: some purpose, interaction with other humans, motivation to complete activities, mental challenges. I've been reading Ernie Zelinski's How to Retire Happy, Wild, and Free. This has given me some ideas on how I can add these back into my life (and in better more fulfilling ways) in retirement. I'm starting to find opportunities for social interaction with people I have more in common with than my co-workers. I'm also seeking out volunteer opportunities. I have some ideas on things I want to learn and have decided to add an "education" line item to my retirement budget for any classes my husband or I want to take. I think we'll also be able to find free classes online but it might be a nice social experience and motivating to take classes in person, like at a community college.

As for being self motivated, I think that is something I will just have to work on.

sw1tch

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Re: Target FIRE: 2017
« Reply #991 on: June 22, 2017, 07:51:30 AM »
A little update:

We just booked a trip to Maui in late September as part of our initial FIRE plans (taking advantage of the summer sales).  I am decided on a mid-August date; will wait another month to give my notice.

We plan to travel (states-side) for the latter months of this year then for next year really considering teaching English in another country (South Korea, Japan or Thailand) to get some access to other cultures and new travel adventures.  Just the thought of getting rid of everything and freeing myself FEELS great!

I do have to admit, residency and state domicile are throwing me for a loop since we won't have an "actual" home address for at least a few months (and longer if we go overseas).  Regardless, the feeling is getting more and more real with each passing day.
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dividendman

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Re: Target FIRE: 2017
« Reply #992 on: June 22, 2017, 12:09:20 PM »
A little update:

We just booked a trip to Maui in late September as part of our initial FIRE plans (taking advantage of the summer sales).  I am decided on a mid-August date; will wait another month to give my notice.

We plan to travel (states-side) for the latter months of this year then for next year really considering teaching English in another country (South Korea, Japan or Thailand) to get some access to other cultures and new travel adventures.  Just the thought of getting rid of everything and freeing myself FEELS great!

I do have to admit, residency and state domicile are throwing me for a loop since we won't have an "actual" home address for at least a few months (and longer if we go overseas).  Regardless, the feeling is getting more and more real with each passing day.

Speaking of trips, I have four cruises booked for post my Aug 18th FIRE date this year, wooo!

FrugalAussie

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Re: Target FIRE: 2017
« Reply #993 on: June 28, 2017, 06:20:29 PM »
An update from me.  Not all has gone according to plan. Our trip to Canada was cancelled because I had to go into hospital to have my gall bladder removed the week after finishing work. All very sudden. I was cross that I'd left work and so not entitled to all my accrued sick leave but actually, it was wonderful to have no work stress impacting on my recovery. The operation went well and now I spend my days exercising and eating well (I've lost 5 kg), socialising, volunteering, gardening, reading.  Life is good. My partner went back to work early to finish his last days so he'll be retired on 16 August, just before his 55th birthday. As many have said before me, "my only regret about retiring early is that I didn't do it sooner." 

   
FIRE'd in 2017, aged 51. Not bored yet!

SwordGuy

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Re: Target FIRE: 2017
« Reply #994 on: June 28, 2017, 08:03:49 PM »
!

I do have to admit, residency and state domicile are throwing me for a loop since we won't have an "actual" home address for at least a few months (and longer if we go overseas).  Regardless, the feeling is getting more and more real with each passing day.

Before you leave the US, re-set your state of residence to a place that has no state or local income tax.  I understand that some of the plains states actually have businesses that make it easy to set up a legal residence.   That way, when you are out of the country, your home state won't be asking for a cut of your income.

Uncle Sam will still want his (over a given threshold of income).

MandyM

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Re: Target FIRE: 2017
« Reply #995 on: June 29, 2017, 07:17:54 AM »
I think my PT experiment has failed. I was hoping that I could revive some work motivation by giving myself more time off. I knew that my chances for this were likely slim as I have read a few folks here discuss how PT made going to work even harder. I am not doing the quality of work that makes me feel good about being here and so I am 90% sure that I will put in my notice in 2 weeks. I probably should have left a month ago, but I have a commitment that ends 7/12 that I feel the need to see through. I am having mixed feelings about quitting. I am excited, but I am also feeling defeated. I am also dreading the next ~4 weeks.
"Freedom lies in being bold." -Robert Frost

MadBikePoet

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Re: Target FIRE: 2017
« Reply #996 on: June 29, 2017, 12:51:35 PM »
I have given notice and leapfrogged up to July 11. Documents on file!

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WannaGoOutside

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Re: Target FIRE: 2017
« Reply #997 on: June 29, 2017, 02:20:24 PM »
Transitioned to the new guys taking my place... and my boss said I could turn in my laptop a day early.  So color me confirmed!  Headed to our place in Arkansas to join my DH and doggies! 

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Bigchrisb        (at 35) October 1, 2017
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MonkeyJenga      (at 31) Fall 2017
SachaFiscal      (at 41) Dec 1, 2017   
Jim2001                  Dec 31, 2017
Easypeasy        (at 35) Late 2017
Mf3333           (at 56)                    OMY
SwordGuy         (at 59)                    OMY
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homestead neohio (at 39)                    OMY
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SachaFiscal

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Re: Target FIRE: 2017
« Reply #998 on: June 29, 2017, 02:25:53 PM »
I think my PT experiment has failed. I was hoping that I could revive some work motivation by giving myself more time off. I knew that my chances for this were likely slim as I have read a few folks here discuss how PT made going to work even harder. I am not doing the quality of work that makes me feel good about being here and so I am 90% sure that I will put in my notice in 2 weeks. I probably should have left a month ago, but I have a commitment that ends 7/12 that I feel the need to see through. I am having mixed feelings about quitting. I am excited, but I am also feeling defeated. I am also dreading the next ~4 weeks.

+1 exactly.

I feel the exact same way. I went part time a couple months ago and it is really not working out. I too am having motivational issues and am planning on talking to my supervisor next week about giving notice. I'm probably going to end up giving ~4 weeks so I'm not looking forward to dealing with everyone after I do that. Best case they are all happy for me. Worst case they are all pissed off at me for 4 weeks. I'll post here if I actually go through with it!

MandyM

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Re: Target FIRE: 2017
« Reply #999 on: June 29, 2017, 02:34:00 PM »
I think my PT experiment has failed. I was hoping that I could revive some work motivation by giving myself more time off. I knew that my chances for this were likely slim as I have read a few folks here discuss how PT made going to work even harder. I am not doing the quality of work that makes me feel good about being here and so I am 90% sure that I will put in my notice in 2 weeks. I probably should have left a month ago, but I have a commitment that ends 7/12 that I feel the need to see through. I am having mixed feelings about quitting. I am excited, but I am also feeling defeated. I am also dreading the next ~4 weeks.

+1 exactly.

I feel the exact same way. I went part time a couple months ago and it is really not working out. I too am having motivational issues and am planning on talking to my supervisor next week about giving notice. I'm probably going to end up giving ~4 weeks so I'm not looking forward to dealing with everyone after I do that. Best case they are all happy for me. Worst case they are all pissed off at me for 4 weeks. I'll post here if I actually go through with it!

I am definitely interested to hear if you do it. I would seriously re-think giving that much notice unless that is normal for your field. I've been around in the past when people do give 4 weeks and I always felt like it made things worse. You think you are doing everyone a favor, but you just end up looking more and more like dead weight, which makes people resent you.

Thankfully, since I've gone PT, I've already been phased out of a number of things. Even the projects I've kept, I don't work on them alone so handing things off will be quick. I plan to give 2 weeks notice, but also mention that it could be less if things are transitioned.
"Freedom lies in being bold." -Robert Frost