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General Discussion => Throw Down the Gauntlet => Topic started by: jack06 on September 13, 2015, 09:31:56 AM

Title: Target FIRE: 2017
Post by: jack06 on September 13, 2015, 09:31:56 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
Title: Re: Target FIRE: 2017
Post by: Lnspilot on October 03, 2015, 05:06:43 AM
Hey Jack,

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

I don't have a solid date, but it's probably in the 2nd quarter of that year. I've been working on my own SuperPlan and just have some gaps to fill (heavy influence from Living A Fi's blog).

You?
Title: Re: Target FIRE: 2017
Post by: AlwaysBeenASaver on October 03, 2015, 12:15:43 PM
There are threads for class of 2015 and 2016, and now there's this one for 2017 :-)   

http://forum.mrmoneymustache.com/throw-down-the-gauntlet/class-of-2015/
http://forum.mrmoneymustache.com/welcome-to-the-forum/class-of-2016/
Title: Re: Target FIRE: 2017
Post by: jack06 on October 03, 2015, 07:23:23 PM
Hi Lnspilot,

I also target early summer. I will be 42 that year, and my wife and I will then travel abroad for 6 months. I consider myself mostly FI (if I keep a very tight budget) and could possibly RE now but I want to build a margin of safety and make sure my calculated SWR will not prevent future projects.

Jack
 
Title: Re: Target FIRE: 2017
Post by: EU_fire2017 on October 04, 2015, 08:27:50 AM
Hi All,

Glad to see fellow 2017 cohort growing.
My clock is set for June 2017 and am constantly exploring opportunities to escape earlier as my current cubical job is sucking joy from my life.

I was working on kind off FI ever since I  graduated but wasn't aware of MMM and rest of RE community until January this year.
I'm thankful that I did as it helped me realize it is actually possible.
As I was born and raised in ex-socialist country, I needed all the help (and examples) to better understand whole idea and math behind it.
I'm currently expatriated from my home country (but still within EU) and am planning to RE at home or at least spend 6-8 months there and rest travelling (slowly).

If all goes as planned, I should be 32 when I pull the plug and leave corporate world.
I don't plan to do nothing for the rest of my life, actually I hope to start my own business but it will have nothing to do with my current job.

Greetings from the old continent!
Title: Re: Target FIRE: 2017
Post by: Lnspilot on October 04, 2015, 09:50:30 AM
Welcome eufire2017. The FIRE community is a pretty big eye-opener, isn't it?

As for help and examples, I'm sure you're probably devouring blogs already. Go Curry Cracker, JLCollinsNH, Living A Fi, Root of Good, etc are all exceptional resources, but you probably knew that already.

Nice, Jack. 6 months will be awesome. I agree, the margin of safety is important.

This is an excerpt from my draft SuperPlan

"Here is how I lower the risk on an already conservative 3% withdrawal rate:

1. First year expenses are completely covered by the initial cash holding. Zero portfolio withdrawal.
2. Years 2-5 will have minimal withdrawals. Approximately $32,000 in total to supplement dividends. Principal will be sold via Specific Identification of Shares to ensure capital gains/losses are utilized correctly.
3. Years 6-10 will be paid for mostly with Roth IRA conversion basis and supplemented with dividends."
Title: Re: Target FIRE: 2017
Post by: EU_fire2017 on October 04, 2015, 10:28:21 AM
Welcome eufire2017. The FIRE community is a pretty big eye-opener, isn't it?

Hi Lnspilot,

Yes, so true. Although I was having something similar in my mind I was not confident that the idea could actually work.
It is hard to find someone in my circle of friends I could discuss about FIRE so having found all this wonderful sites was a breakthrough.

Thank you for the recommend sites, as you guessed, I´m following all of them and some more.
I started first with MMM and continued with linked/suggested sites, exploring past topics and comments.

Now when doubts no longer exist in my mind, I'm anxious to join Post FIRE section in 2017. :)

Like your draft SuperPlan quote, I'm very similar when it comes to risk tolerance.




 
Title: Re: Target FIRE: 2017
Post by: jack06 on October 04, 2015, 05:56:16 PM

This is an excerpt from my draft SuperPlan

"Here is how I lower the risk on an already conservative 3% withdrawal rate:

1. First year expenses are completely covered by the initial cash holding. Zero portfolio withdrawal.

Very similar to my plan. I also target 3% withdrawal. I've put aside about 20k$ for the I-met-my-goal-travel. I also want to avoid retiring on a date where the stock market has done too well. So in the spreadsheet I use to calculate my net worth, I calculate for each year my expected return on investments. Any 'surplus' from investment returns is transferred in the liability section, to be used as a provision. For instance, as we speak I have a 70k$ provision that is substracted from my net worth. This year (I do the math once per year in January) I will probably need to transfer from this provision back to my net worth if the stock market remains low.

This helps smooth the impact of the stock market swings and I think it is also provides a better overview of where you really stand after a long period of either a bull or bear market. It was very useful through 2009 and I could continue to see my net worth increase as I reduced the provision amount to compensate from 30k$ to -10k$ (yes, at some point I actually 'borrowed' from future returns).
Title: Re: Target FIRE: 2017
Post by: FIRE me on October 04, 2015, 09:17:22 PM
January 2017 for me. 15 months to go.
Title: Re: Target FIRE: 2017
Post by: Lnspilot on October 05, 2015, 01:50:43 AM
Nice, FIRE me, it's really not too far away. It's becoming real.

jack06,
Yes, it would be very unfortunate to start retirement only to be greeted by a big drop in the market. I think that is in the back of everyone's mind. Do you have GO/NO GO criteria in place for your retirement date? I'm still working out the NO GO/postponing criteria myself. 

It's good that you've got a good back up plan that you are not only comfortable with, but that is actually proven. Where do you keep the provision?

Here are some other gaps that I'm currently working on:

Gap #1 - Actual expenses. I've been expatriated / deployed since 2008 so I won't know my actual monthly expenses until I move back to the US next year. As a single guy I'm proposing 2k per month.

Gap #2 - Financial Readiness. I've actually gotta reach 800k, but I'm on track.

Gap #3 - Mental Readiness. Leaving a cash fire hose is going against the grain, and I need to ensure I've got all my bases covered e.g. these gaps.

Gap #4 - Health Insurance. While not a big deal, I haven't looked into it much... yet. There's plenty of resources available when the time comes.

Gap #5 - Personal liability insurance? I was browsing one users blog, the older gentleman with the avatar of a hiker, I forget it at the moment but it will come to me. He mentioned umbrella insurance and protecting his stash, and yes, the last thing I need is to get sued and lose my FI.


Title: Re: Target FIRE: 2017
Post by: jack06 on October 05, 2015, 06:27:34 PM

jack06,
Do you have GO/NO GO criteria in place for your retirement date? I'm still working out the NO GO/postponing criteria myself. 

Not really. I have a hard stop in January 2018. We're going to travel with a couple of friends. I'm the only one who has not yet told his employer (the two girls can take a sabbatical leave with deferred pay, the other one is a c-level and he wanted to give them advanced notice).

Quote
It's good that you've got a good back up plan that you are not only comfortable with, but that is actually proven. Where do you keep the provision?

The provision is really just in a spreadsheet, the real money is invested. So I have a traditional net worth cell (example: 800k including house), the total of my cash and investments (ex: 600k) and the same amount minus the provision (ex: 530k). I target 3% SWF based on the latter. That would be my go, no-go: since this amount is reduced if the market did very well recently, it is a bit more conservative (at least today, after a few years of good market returns).

Quote
Gap #1 - Actual expenses. I've been expatriated / deployed since 2008 so I won't know my actual monthly expenses until I move back to the US next year. As a single guy I'm proposing 2k per month.

Targeting a bit lower (my share of our household expenses though). Wife wants to continue to work. 

Quote
Gap #2 - Financial Readiness. I've actually gotta reach 800k, but I'm on track.

I also target 800k, but this will include 20k for the travel and 10k for a musical instrument I wanna acquire to spend a lot of time on :)

Quote
Gap #3 - Mental Readiness. Leaving a cash fire hose is going against the grain, and I need to ensure I've got all my bases covered e.g. these gaps.

True. I look at the market and when you have money flowing in to compensate, it is easier to watch the portfolio go down. I also want to plan what I'll do with all that free time. When you work you want more free time, but suddenly 50 more hours to spend each week might be a lot, particularly when most of the people you know are working during that time.

Quote
Gap #4 - Health Insurance. While not a big deal, I haven't looked into it much... yet. There's plenty of resources available when the time comes.
Living in Canada, not a big concern for me. Health insurance to cover what is not provided by the social welfware is less than 1000$ per year.

Quote
Gap #5 - Personal liability insurance? I was browsing one users blog, the older gentleman with the avatar of a hiker, I forget it at the moment but it will come to me. He mentioned umbrella insurance and protecting his stash, and yes, the last thing I need is to get sued and lose my FI.

Never thought of that one. But things are very different here in Canada regarding damage awards (much lower here) and nearly non-existent punitive awards. 

Take care!
Jack
Title: Re: Target FIRE: 2017
Post by: dabears847 on October 05, 2015, 07:45:19 PM
Welcome eufire2017. The FIRE community is a pretty big eye-opener, isn't it?

As for help and examples, I'm sure you're probably devouring blogs already. Go Curry Cracker, JLCollinsNH, Living A Fi, Root of Good, etc are all exceptional resources, but you probably knew that already.

Nice, Jack. 6 months will be awesome. I agree, the margin of safety is important.

This is an excerpt from my draft SuperPlan

"Here is how I lower the risk on an already conservative 3% withdrawal rate:

1. First year expenses are completely covered by the initial cash holding. Zero portfolio withdrawal.
2. Years 2-5 will have minimal withdrawals. Approximately $32,000 in total to supplement dividends. Principal will be sold via Specific Identification of Shares to ensure capital gains/losses are utilized correctly.
3. Years 6-10 will be paid for mostly with Roth IRA conversion basis and supplemented with dividends."
This is my target year more so end of year goal. I've been reading but fear I'm reading too much with still so many questions. Any 4 or 4.5% withdrawal plans with ways to reduce risk like reducing spending in down years?
Title: Re: Target FIRE: 2017
Post by: Cookie78 on October 05, 2015, 09:29:25 PM
Due to real estate market being low right now I had to drop out of the class of 2016 and come back to my original plan of 2017. I was bummed at first, but I'm excited now. It's a more solid plan this way, and I get to graduate with you folks! I also might take a 6 month leave next summer which could push me back a little more... but hopefully not beyond 2017. We will see. Clearly my plans are ever evolving.
Title: Re: Target FIRE: 2017
Post by: CanuckExpat on October 05, 2015, 09:38:25 PM
There are threads for class of 2015 and 2016, and now there's this one for 2017 :-)   

http://forum.mrmoneymustache.com/throw-down-the-gauntlet/class-of-2015/
http://forum.mrmoneymustache.com/welcome-to-the-forum/class-of-2016/

And for completeness,
2018: http://forum.mrmoneymustache.com/welcome-to-the-forum/2018-fire-cohort/
2020: http://forum.mrmoneymustache.com/welcome-to-the-forum/2020-fire-cohort/
2021: http://forum.mrmoneymustache.com/welcome-to-the-forum/2021-fire-cohort/
2022: http://forum.mrmoneymustache.com/welcome-to-the-forum/2022-fire-cohort/
2024: http://forum.mrmoneymustache.com/welcome-to-the-forum/2024-fire-cohort/
...
2065: http://forum.mrmoneymustache.com/antimustachian-wall-of-shame-and-comedy/2065-fire-cohort/

List above based on quick Googling. I may have missed some

Mods, and others, any interest in a single thread summarizing these and making it a sticky?
Title: Re: Target FIRE: 2017
Post by: jack06 on October 06, 2015, 05:44:49 AM
This is my target year more so end of year goal. I've been reading but fear I'm reading too much with still so many questions. Any 4 or 4.5% withdrawal plans with ways to reduce risk like reducing spending in down years?

Welcome here and don't hesitate to ask for guidance, with this crowd, we know everything (almost).

There is something in the investment world called 'rebalancing', which consists in bringing your portfolio back to your target allocation. One way to approach up/down years after FIRE is to rebalance by transferring some investments to cash when the market has done very well, and use this cash when the market is down. I haven't done any simulation though to see if this really decreases your probability of depleting your portfolio.

Good luck with your plan!
Title: Re: Target FIRE: 2017
Post by: jack06 on October 06, 2015, 05:46:24 AM
Due to real estate market being low right now I had to drop out of the class of 2016 and come back to my original plan of 2017. I was bummed at first, but I'm excited now. It's a more solid plan this way, and I get to graduate with you folks! I also might take a 6 month leave next summer which could push me back a little more... but hopefully not beyond 2017. We will see. Clearly my plans are ever evolving.

Welcome here! On my side, it is just the other way around, the value of the house has increased a lot recently and now, I must resist the call to retire too early, knowing that after a big swing up, things are more likely to go down afterwards or to stall.
Title: Re: Target FIRE: 2017
Post by: pka222 on October 06, 2015, 02:57:05 PM
I'm targeting 1st quarter 2017 as well, mostly because my contract is up in March and my 40th birthday is later in 2017.  Its more physiological than anything else but I really want to be done before 40.  That said for a family of 4, my stash will only cover 65% to 75% of our annual costs which poses the biggest challenge to FI since it would be great for my DW to join in the new lifestyle  unencumbered by work. Depending on the markets and DWs work I could end up in another 3 year contract with a drop-dead date of 2020.
The reassurance, case studies and comradely of MMM has been integral to this path for me- best of luck to the 2017 cohort!
Title: Re: Target FIRE: 2017
Post by: Lnspilot on October 16, 2015, 10:44:18 AM
Alright, so this is fun, and also sad. Very, very sad.

SHORT backstory, for context:
I used to live here in Germany because of work. I was a spendthrift Sukka consumer per MMM standards. This is the second vacation from Afghanistan since September 2014. I love beer (probably too much).

I'm on a ~28 day vacation in Germany and am tracking every purchase. My proposed FIRE budget is 2k per month, and I'm doing this to see what an average month's costs are while traveling OCONUS.

Data consists of... whatever I feel like. Mostly monetary expense categories, but I'm also tracking general fitness and my terrible alcohol habit.

So far.. I'm over budget. I slacked and my accommodation is more expensive than I'd usually pay for.

Beer budget is blown out of the water. I kinda thought that would happen.

I'm about half way through, so if my accommodation was less than I would be overall less than 2k per month.
Title: Re: Target FIRE: 2017
Post by: jack06 on October 17, 2015, 09:45:34 AM
My proposed FIRE budget is 2k per month, and I'm doing this to see what an average month's costs are while traveling OCONUS.

I'm interested. Why kind of accomodation can you have for 2k per month?

What I realized when I started planning our 6-month travel abroad is that it would not cost much more to travel forever than staying and living in our home. Which of course does not apply to this travel since we still have to keep our house while we will be away.

The math looks like that:

Our situation: House worth 380k, fully paid. Sell house, invest, get 4% over inflation = 15k net per year. Our current budget is 35k for the two of us and it's also our FIRE budget. If we sell the house, that makes room for 50k$ per year. Can we travel all-year and pay for all life costs (health, insurances, clothing, etc.) with 50k, considering we don't want to go to low-cost countries? Maybe not, but it is close.   
Title: Re: Target FIRE: 2017
Post by: Lnspilot on October 17, 2015, 12:36:39 PM
Right now I'm using AirBnB for my 28 days. I've got a private room and access to a full kitchen. The host has all of the tools to cook, and even has an expensive juicer I can use. This particular place is 47.89 per day.

$65.75 per day is my original goal, and I'm giving it a dry run now. That leaves me with $17.86 per day for whatever else. Mostly food. For one person it's plenty of food, as long as I don't eat at restaurants multiple times a week.

As of today I'm at 78.80 per day, which is primarily due to the large quantity of beer I'm drinking. My projected 30 day spend rate based on the first ten days is $2422.

So far my options are A: cheaper accommodation. If I stayed for right under 35 per night (e.g. hostels in this area), my average daily spend rate would be right at 65.98. Booze included.

Or B: reduced alcohol consumption. The daily average minus alcohol is 57.84. Room to spare with current fancy accommodation.

Edit: I'm not factoring in all of the life costs that you mention. That's a great idea, and I should definitely upgrade my spreadsheet next time to try and factor those things in.
Title: Re: Target FIRE: 2017
Post by: jack06 on October 20, 2015, 10:23:29 AM

Edit: I'm not factoring in all of the life costs that you mention. That's a great idea, and I should definitely upgrade my spreadsheet next time to try and factor those things in.

A big chunk could be transportation, unless you already factored in the cost to get there in your daily cost. When planning travels (particularly longer ones), transportation from one place to the next is always the part of the budget I find the most difficult to estimate properly.
Title: Re: Target FIRE: 2017
Post by: Fairviewite on October 24, 2015, 03:57:06 AM
Thanks for starting this thread Jack. My target FIRE date is November 1st, 2017.
Title: Re: Target FIRE: 2017
Post by: MEER on October 24, 2015, 07:20:24 AM
My plan at the moment is the spring of 2017. My husband and I live in different countries at the moment, so I would join him at that time and (hopefully) do some volunteer-type work. He's in a developing country. Ideally, he'd continue to work until July 2018. However, there have been ongoing budget cuts at my work, and it is highly possible that my whole department will be cut mid-2016. If that's the case, I have a variety of scenarios in mind, but none of them would likely lead to a spring 2017 date or July 2018 date for the two of us. So, fingers crossed that I'm part of this group.
Title: Re: Target FIRE: 2017
Post by: SwordGuy on October 30, 2015, 09:47:21 PM
I'm planning on June 6th, 2017 for my FI date.   

Hopefully I'll beat it by a few months.

Farm income from my recently deceased mom is expected to cover 2/6ths of our target income and is just now starting to come in for us.  (That was never part of our FI plans for 4-5 years from now.)
My daughter's disability social security covers almost another 1/6th and that is already in place.  Add in the rental income from Rental #1 and we're at  1/2 our target FI income already.

My lovely wife, who is 10 years older than I am, will be going on Social Security in March of 2017.  That will cover 2/6th of our target income and get us to 5/6ths of our target income.  She will also go on Medicare which will cut our health insurance costs by a goodly bit.

If we get the other two currently owned rentals rented out that will cover the other 1/6th.

In theory we own enough assets to be FI now.  But they aren't deployed properly or they aren't producing income yet.

For example, we now own 5 houses, but only one of them is rented.   The other 4 (a rental we just this week got ready for market, another rental that we just bought, my mom's house and our own personal house don't make money, they just cost money.  And we're about to buy a new personal house for ourselves, which will make house costs even higher!)

So although we've got passive income at 1/2 our target income at the moment, we've also got very high expenses at the moment.  Much higher than usual. 

In a week or two we'll get some of our assets redeployed into cash, which will use to pay off the credit card debt that ballooned from nothing to $18,000 over the last 3 months as we traveled out of town to help out my mom, paid for her funeral, paid to move stuff back to our home, and paid for the last bit of repairs to rental #2.  Plus we'll pay all the property tax on six houses and - just to get the bills off our back - the property insurance for the next year.    That same cash will cover the costs of upgrading our new personal home and repairing our current home.

That will get us back to a more normal keel.   

We'll still have a new mortgage on the new house to pay and a HELOC on our current home (used to pay for rental #3) to pay.   Those are both expenses our target income did not intend to cover.

Selling my mom's house will allow us to pay off the mortgage on the new house.   

Selling our current house will enable us to set aside cash reserves to get another 2 to 3 rentals and pay off the HELOC.

And rehabbing rental #3 will get more income coming in.

At that point, our house cost drops from 6 houses (1 income producing) to 4 houses (3 income producing) and zero debt. 

We'll have cash reserves from the rental properties, built up from rental income over the next year, to cover next year's insurance and property tax costs. 

At that point, we can consider going FI somewhat earlier.   

Ok, I realized that's a bit rambling... :)

Here's a better summary of status:

$60K   : Target Passive Income (with no mortgage/heloc expenses)

Current Passive Income
$20K   : Farm
$ 8K    : Daughter disability
$ 5K    : Profit one rental
=====
$33K   : Current Passive Income.  55% target income. 
less -$34K to mortgage and HELOC payments.
 
Next Year Passive Income, above plus:
$ 9K    : Rentals #2 and #3
=====
$41K   : EOY 2016 Passive Income.   68% target income. Mortgage and HELOC paid off.

Passive Income 2017 Onwards, above plus:
$14K   : 3 more rentals.
$20K   : Wife Social Security
=====
$75K  : EOY 2017 Passive Income:  125% target income.

Passive Income 2018 Onwards, above plus:
$ 22K : Stock at 3% SWR.
$   5K : Consulting/Art
=====
$102K: EOY 2018+ Passive Income: 170% target income.

So, if we get the target 6 rentals bought and rented early, I can go FI before my wife goes on SS.

It will be close enough.

Other buffers include:

$    5K : Additional consulting or art money
$  10K : 2 more rentals if cash flow from rentals 1-6 is good enough early enough.
$  20K : Social Security for me in 8 years, or more if we wait longer.
$  90K : Back to work I go.

Here's the one that's got me really amazed.   The difference between my target income and my projected actual income is enough, even after taxes, to purchase and rehab an additional rental each year.   Think about that!  I can quit working and earn enough to buy another house each year I'm not working!   That can add another $5K to my income each year I can pull that off.

In 4 to 6 years, I could actually increase my income to the point that we could buy two houses a year.   That is so mind-boggling.

Anyway, I'm glad to be in the 2017 cohort.  We'll be the best, of course! :)





Title: Re: Target FIRE: 2017
Post by: Faraday on October 30, 2015, 10:37:45 PM
Following. I'm aiming for FIRE in 2020, but my "best possible option" is 2017.
Hi SwordGuy, I'm just north of Raleigh. Turning south and saying "Howdy".
Title: Re: Target FIRE: 2017
Post by: indentured4now on October 31, 2015, 06:17:54 AM
Swordguy,   You are kicking ass and looking forward to hearing when you flip those cost centers to rent generators!   FWIW, with that many rentals though, property management is what you're passionate about and is going to be your real job so focusing on that might accelerate the income increases?   Anyhoo, GREAT plan!
Title: Re: Target FIRE: 2017
Post by: SwordGuy on October 31, 2015, 07:43:24 AM
Swordguy,   You are kicking ass and looking forward to hearing when you flip those cost centers to rent generators!   FWIW, with that many rentals though, property management is what you're passionate about and is going to be your real job so focusing on that might accelerate the income increases?   Anyhoo, GREAT plan!

I'm not so passionate about property "management".   I'm willing to hire that out even after I "retire"!

I am passionate about getting passive income from a variety of sources!

What's not to like about buying/fixing up an income-producing asset at 50-60% of its sale value and having it return a good profit without selling it?   With tax savings on the profits, too!  :)   
Title: Re: Target FIRE: 2017
Post by: albireo13 on December 07, 2015, 10:01:41 AM
My original plan was mid-2018 but, I don't think I can hold out that long.  Too much work BS.
My target is now June, 2017.  We get annual profit-sharing bonuses in May so I want to be around for that.  Then, I'll give my notice and enjoy the summer.

Yesterday, I realized that November, the week before Thanksgiving, is our traditional corporate "layoff week".  Every year at that time there are announced layoffs, in various parts of the organization.   I am considering holding out until then to see if I luck out and get a severance "package" instead of retiring first !!!!
Title: Re: Target FIRE: 2017
Post by: zephyr911 on December 07, 2015, 10:16:23 AM
Ohai, just FYI, I'm following this, though I haven't set a date.
I'm juggling some weird and somewhat fluid priorities, trying to figure out when to make my move. So, I'm watching all the possible years and this one's in play.
Title: Re: Target FIRE: 2017
Post by: zinethstache on December 08, 2015, 11:11:41 AM
I am targetting Q1 2017. DH wants me to hold out until 2018 but we are already in OMY mode this year. by moving up our date one year I will retire at 49.

We begin our FI readiness test in January. I've already put in the payroll change for my entire paycheck to go to savings. We will "live" on our rental income (we own 3 multis, fully rented). Will use a bit of my paycheck to simulate my 401k draws as needed. We will list our primary residence this spring, and until it sells, I will also use a bit of my paycheck to cover housing.

Like swordguy we have a series of real estate transactions to finish up, but I think I am a little further along my path since of our 4 properties three are income producing.

Initial RE plans are to slow travel in an RV for x amount of time (I envision over a year) so many changes need to happen. Sell lots of stuff, sell house, buy RV, buy RE property to rent while we are out of town.

We are selling our primary residence as it is not RE friendly. Our retirement home might just be another multi - and it will be much smaller sf with less yard to mow! We plan to rent a storage unit and rent out our unit while we travel. (Note: we use a PM and while we are away and our own residence is rented, that income is going to cover the extra costs of having the PM run the show completely for us. Currently all repairs and rehabs we DIY)

As already stated in this thread, while traveling, our expenses are lower than when we are stationary, so during our travelling phase of RE we should be saving enough to perhaps purchase another rental, who knows.

We have two income sources:
3.125k = monthly net rental income (very conservative here)
1.4k = my 401k (using 72T, SEPP)

54k gross income

3.1k estimated monthly expenses while traveling

I've been diving deep into ACA and anticipate with the rental write offs our MAGI will be 30k or so giving us a good tax credit back. Since we will be traveling I need to find multi state coverage.

2014 and 2015 were purging years, selling off all of our clown, unmustachian belonging in preparation for RE. We still have so much stuff! It will be major garage sale time this summer!

Ah, and DH RE'd in 2011 so he could focus on our plans to buy rentals. He handles all the maintenance and repairs. He will focus on the home front tasks while I slave away at my day job.

I am counting down the days!
Title: Re: Target FIRE: 2017
Post by: Gyosho on December 09, 2015, 08:22:35 AM
With great fear and trepidation I am putting my name down for the FIRE class of 2017.

Target date is January.

2017 is the year when I turn the magic number of 55 and can start drawing money penalty-free from my retirement accounts.

Title: Re: Target FIRE: 2017
Post by: Faraday on December 10, 2015, 11:14:01 AM
With great fear and trepidation I am putting my name down for the FIRE class of 2017.

Target date is January.

2017 is the year when I turn the magic number of 55 and can start drawing money penalty-free from my retirement accounts.

Welcome Gyosho! We are the same age. Always good to see someone who is making up for lost time. 2017 is an extreme stretch goal for me (2020 is much more reasonable). I doubt I'll make it but the goal is there....
Title: Re: Target FIRE: 2017
Post by: Gyosho on December 10, 2015, 04:58:20 PM
Thanks.

I actually spent my 20s as a slacker and didn't really start working until I was 30, so if you take off my age the 8 years between graduating from college and getting my first real job then I will only be 46 when I retire.
Title: Re: Target FIRE: 2017
Post by: FIRE me on December 10, 2015, 06:54:04 PM
With great fear and trepidation I am putting my name down for the FIRE class of 2017.

Target date is January.

2017 is the year when I turn the magic number of 55 and can start drawing money penalty-free from my retirement accounts.

Why the fear and trepidation?
Title: Re: Target FIRE: 2017
Post by: Calimandc on December 10, 2015, 07:33:09 PM
My wife and I are on the FIRE 2017 track as well. We're looking at summer of that year to head abroad.  We are doing a test run summer of 16 to see how it goes. We could leave today, on just 400K, depending on where we want to be in the world. We have 1 kid, and are in the process of adopting a second. The adoption is what's keeping us in place for now because we have to have consistency in our home for it to go through. When we're done with that we'll be heading out.  I'm very excited to be part of this thread and to hear from all you folks.  Oh, and we're 41 (her) and (39) me respectively.

Jeremy
Title: Re: Target FIRE: 2017
Post by: jack06 on December 10, 2015, 08:30:43 PM
My wife and I are on the FIRE 2017 track as well. We're looking at summer of that year to head abroad.  We are doing a test run summer of 16 to see how it goes. We could leave today, on just 400K, depending on where we want to be in the world. We have 1 kid, and are in the process of adopting a second. The adoption is what's keeping us in place for now because we have to have consistency in our home for it to go through. When we're done with that we'll be heading out.  I'm very excited to be part of this thread and to hear from all you folks.  Oh, and we're 41 (her) and (39) me respectively.

Jeremy

Hey Jeremy! Welcome on the 2017 track! Out of curiosity, when you say: on 400k, is it your net worth (including house if you have one), or investment portfolio only?

Jack
Title: Re: Target FIRE: 2017
Post by: MrsWhipple on December 10, 2015, 09:28:10 PM
I'm crossing my fingers 2016 is my last year of working for a good long while, since we're hoping for a kid to show up next year and we both want to be stay at home parents (I'm 31, he's 29). It'll depend on how much tax I can avoid next April, but we'll have 800k+ in invested assets when I quit (plus some equity in the house, $300k mortgage).

I don't have things as planned out as I probably should. Expenses I don't have planned since they will likely decrease once we stop having such a high income and have a baby instead (health insurance, business expenses, vacations will all be lower, we'll qualify for more tax deductions). Really, I'm not looking to permanently FIRE, I just want to take off for the first ten years or so while my kid is young. Then I'll probably go back to part time work or start another company or something. Another goal of mine is to purchase some RE that I can rent out at a loss to friends who can't afford this HCOL area, so that might be an incentive to go back to work in the future. We'll see!
Title: Re: Target FIRE: 2017
Post by: SwordGuy on December 10, 2015, 10:09:34 PM
Another goal of mine is to purchase some RE that I can rent out at a loss to friends who can't afford this HCOL area, so that might be an incentive to go back to work in the future. We'll see!

Why not help them to learn RE investing and help them get started in a cash-flow positive manner for both of you?   That would provide bigger benefits for your friends and provide more cash flow to help yourself (or more friends).
Title: Re: Target FIRE: 2017
Post by: MrsWhipple on December 10, 2015, 11:08:47 PM
That might be a good idea in the long run. As of now, they have no capital to do any RE investing with - we tend to have younger, low-income friends with little in savings. I would hope that buying fixer-upper properties and having them help with the fixing up would both help us out and also help them get a buffer of savings while learning some good skills for future RE investing. I'm also considering buying a rental property with a large lot and letting them live in an RV on the lot for free/cheap. But that's definitely a ways off - I'm hoping for another housing crash for things to become affordable again!
Title: Re: Target FIRE: 2017
Post by: Gyosho on December 11, 2015, 08:18:26 AM
With great fear and trepidation I am putting my name down for the FIRE class of 2017.

Target date is January.

2017 is the year when I turn the magic number of 55 and can start drawing money penalty-free from my retirement accounts.

Why the fear and trepidation?

My job is easy and change is hard.
Title: Re: Target FIRE: 2017
Post by: Lnspilot on December 11, 2015, 09:15:53 AM
You've got that right, Gyosho! You aren't alone.
Title: Re: Target FIRE: 2017
Post by: FIRE me on December 11, 2015, 09:25:19 AM
With great fear and trepidation I am putting my name down for the FIRE class of 2017.

Target date is January.

2017 is the year when I turn the magic number of 55 and can start drawing money penalty-free from my retirement accounts.

Why the fear and trepidation?

My job is easy and change is hard.

Good reasons. For me it is more like joy and anticipation.

My job is hard, but change is hard for me too.

I've tried to imagine what it will be like on my last day of work. I suspect I will alternate between a near maniacal grin and a numb “can this be real?” kind of feeling.

But under it all I would not be surprised to hear that tiny voice asking if this is maybe a big mistake. I'll tell the tiny voice to relax and go do the math, it will be fine.
Title: Re: Target FIRE: 2017
Post by: Cookie78 on December 11, 2015, 09:36:08 AM
With great fear and trepidation I am putting my name down for the FIRE class of 2017.

Target date is January.

2017 is the year when I turn the magic number of 55 and can start drawing money penalty-free from my retirement accounts.

Why the fear and trepidation?

My job is easy and change is hard.

Good reasons. For me it is more like joy and anticipation.

My job is hard, but change is hard for me too.

I've tried to imagine what it will be like on my last day of work. I suspect I will alternate between a near maniacal grin and a numb “can this be real?” kind of feeling.

But under it all I would not be surprised to hear that tiny voice asking if this is maybe a big mistake. I'll tell the tiny voice to relax and go do the math, it will be fine.

My job is quite easy, and change that I initiate myself I find very easy, but the rest of what you say here rings so true! I think I will be it a weird fuzzy excited haze with a huge grin, but a tiny little bit of holy shit, what have I done! :D
Title: Re: Target FIRE: 2017
Post by: SwordGuy on December 11, 2015, 04:54:36 PM
Buy an inexpensive fixer-upper for one's first home and fix it up, then flip it after two years.
Lather, rinse, repeat.
Title: Re: Target FIRE: 2017
Post by: FIRE me on December 11, 2015, 06:59:26 PM
Ohai, just FYI, I'm following this, though I haven't set a date.
I'm juggling some weird and somewhat fluid priorities, trying to figure out when to make my move. So, I'm watching all the possible years and this one's in play.

Welcome to the 2017 club, zephyr911. Is 2017 your earliest year under consideration, or is 2016 also in play?
Title: Re: Target FIRE: 2017
Post by: Calimandc on December 13, 2015, 06:26:39 AM
The $400K is total net worth (which is conveniently also my investment total). I do not own a home, as we sold that 2 years ago and will be renters for a very long time going forward.

J-
Title: Re: Target FIRE: 2017
Post by: jack06 on December 13, 2015, 10:48:31 AM
The $400K is total net worth (which is conveniently also my investment total). I do not own a home, as we sold that 2 years ago and will be renters for a very long time going forward.

J-

Any planned destination for living abroad yet? I'm curious because it is a project my wife and I may have, but I haven't done a lot of research yet and curious where you would consider going).

We are also considering becoming renters again, given the spread between the rents and property value in our area. Since we bought our house, rents may have increased 25-35%, while our house has nearly doubled in value. Back then it made sense to own, but I feel it is no longer the case.
Title: Re: Target FIRE: 2017
Post by: jack06 on December 14, 2015, 06:10:39 AM


The greatest thing about fire on $400K net worth is we're figuring we'll both do some work.  We currently run a blog www.lifeiscomfy.com, and I write historical fiction www.jeremystrozer.com.  We're also open to teaching english, or other topics, while abroad as we're way over educated!  What I love about FIRE is that you're released to do what you want to do, rather than what you have to in order to pay the bills for where you live.

Jeremy

Yes agreed, it's what FI really is. As I get closer to my target, I do realize that new doors are opening to me. I can consider part-time jobs that would bring only 10k per year and I don't mind, since I don't really need more money. It is something I love about FI. In the last 15 years I felt like all the doors were closing and that there was only one track to follow, with fewer and fewer opportunities along the way. It does not need to be like that, but it is the reality for many of us. FI reopens so many of those closed doors.
Title: Re: Target FIRE: 2017
Post by: Calimandc on December 14, 2015, 08:18:47 AM
Exactly Jack!  As we look to the future we can do whatever we want wherever we want.  That is real freedom!!!
Title: Re: Target FIRE: 2017
Post by: jack06 on December 17, 2015, 06:52:32 PM
Today I made a first step towards ER: I resigned from my current middle-management position. It was not dramatic at all, but after a discussion with my boss, who is a VP, I told him I'd like to go back to my former role and he accepted. I did not want to start at another company knowing I would quit in a year and a half, so I'm very glad he accepted.

I still target 2017 to leave completely the workforce though, but knowing that all the responsibilities of my current role will soon be a thing of the past will help me go through the next year and a half. It's great, because without my FIRE goal, I'm sure I would simply have continued with a career I never really wanted. After more than 10 years in a management role, it will be a great challenge to fill my old shoes, but the good news is that I don't really have anything to lose.   
Title: Re: Target FIRE: 2017
Post by: Jim2001 on December 23, 2015, 09:24:47 PM
Hey folks, I've been lurking off an on for a few years and finally registered so I can post.  Count me in for class of 2017.  Shooting for December.
Title: Re: Target FIRE: 2017
Post by: jack06 on December 24, 2015, 06:20:58 AM
Hey folks, I've been lurking off an on for a few years and finally registered so I can post.  Count me in for class of 2017.  Shooting for December.

Welcome to the club Jim! So the 2 year countdown is started!
Title: Re: Target FIRE: 2017
Post by: zephyr911 on December 24, 2015, 09:35:22 AM
Welcome to the 2017 club, zephyr911. Is 2017 your earliest year under consideration, or is 2016 also in play?
Late 2016 was on the table for going ANG-only* - I make close to $20K and could push it higher through extra days if I had no FT job, and I also earn some real estate income from my LLC's ongoing acquisitions, so I could have lined things up to quit next summer/fall and stay cash-flow positive, now that I'm generally spending <$2K/mo. DW is also running a high surplus and won't quit anytime soon, which would add safety margin.
But 2016 is now looking less likely, simply because my sense of urgency has lessened - I'm having a lot more fun at work and my high SR has become addictive. This means I'm putting less emphasis on the financial streamlining that would accompany FIRE (final debt payoffs, optimizing cash flow) and allowing myself to focus almost entirely on maximizing returns. I'm taking more risks, looking at structured rental investments that'd be cash-flow negative for a year or more, but carry huge cap rates and set the stage for large wealth creation in the long run. I'm having fun, IOW, and I've ramped up charity giving to a nice feel-good level while still maintaining a 60-70% SR.

Between the middle of 2016 (my 38th birthday) and the end of 2016, there will be a major leadership change and other events that could affect my QOL. My current moves could reduce my ability to respond, but I'll retain the latitude to get back on track in months if need be. I feel OK about this. Really, at this point, a catastrophic decline in job satisfaction is about the only thing that'd even put me out in 2017... that or my finally developing a complete grand vision for the rest of my life and making a plan beyond "get rich and give myself a bunch of options". But I'm following because those are both very real possibilities. :D

*Typically ~39 days a year. I could FIRE without this side job in 2018 or so, but I'm going for 20 years (2022) for a lot of reasons. It's mostly personal and family-related, but the lifetime cost savings alone to a military retiree are potentially worth six figures, and holding it after I quit my FT gives me years of compounding before I have to live on investments.
Title: Re: Target FIRE: 2017
Post by: FIRE me on December 27, 2015, 11:39:35 PM
Sounds like you have your contingency tree well worked out. If working until 2022 is your goal, I hope nothing interferes.
Title: Re: Target FIRE: 2017
Post by: zephyr911 on December 28, 2015, 09:19:23 AM
Sounds like you have your contingency tree well worked out. If working until 2022 is your goal, I hope nothing interferes.
I plan on quitting all compulsory FT work long before 2022, but keeping the uniform on PT till then.

There's work I think I might want to do for my whole life, regardless of the check, as long as I live (or at least until near "normal" retirement age). I've just never had an opening to find out.
Title: Re: Target FIRE: 2017
Post by: FIRE me on December 28, 2015, 10:50:53 PM
Curiosity has got the best of me. What is it that if given the opportunity, you would do for no pay, forever?

Title: Re: Target FIRE: 2017
Post by: zephyr911 on December 29, 2015, 06:34:46 AM
Well, originally I wanted to be an exotic dancer, but I like beer too much. (sadface)

I would like to get back closer to my original degree (electrical engineering) in the form of renewable energy. I tend to find solar most interesting but wind and geo, etc. are also on the table. My ultimate fantasy is going back to HI (where I grew up) with enough of a Stash that wages are unimportant, and be part of their goal to go 100% renewable by 2050.

I don't really want to do it as a 9-to-5'er, but I'd consider it if the work is meaningful. Preferably I'd be self-employed or consulting once I've built my skillset enough.

As is, I'm supporting the growth of the industries by just investing in them as much as possible.
Title: Re: Target FIRE: 2017
Post by: JoJo on December 30, 2015, 02:05:24 PM
I'm shooting for 2017.  Was thinking about 2016 but an extra year would really grow my splurging money.

I love travel and I usually do it on the cheap but it's fun to splurge every once and awhile. 

My plan is to lease out my condo and travel extensively in the first few years post FIRE.  I think the rental income plus some deferred income (15 years, need to pay tax on this) will play for most of this.  Rest is out of savings.
Title: Re: Target FIRE: 2017
Post by: zephyr911 on December 30, 2015, 03:05:02 PM
I just got a surprise raise effective this week. I don't know how this affects my plans. More to invest, of course, but... I'm dangerously close to wanting to keep this job even when I don't have to! LMAO
Title: Re: Target FIRE: 2017
Post by: myhotrs on December 31, 2015, 10:31:50 PM
Hi all, just did my year end counting and looks like I'm moving here from the 2018 Cohort!
Title: Re: Target FIRE: 2017
Post by: Cookie78 on January 01, 2016, 10:06:30 AM
Hi all, just did my year end counting and looks like I'm moving here from the 2018 Cohort!

Welcome!
Title: Re: Target FIRE: 2017
Post by: SwordGuy on January 01, 2016, 11:17:33 AM
Hi all, just did my year end counting and looks like I'm moving here from the 2018 Cohort!

When people first start out they see really big changes in their financial well-being.  Then it seems to just drag for some years.

Then that compounding kicks in and progress comes really fast again!

Title: Re: Target FIRE: 2017
Post by: AlwaysBeenASaver on January 01, 2016, 11:19:27 AM
Hi all, just did my year end counting and looks like I'm moving here from the 2018 Cohort!
That's great news, congrats!
Title: Re: Target FIRE: 2017
Post by: FIRE me on January 01, 2016, 12:30:51 PM
Well, originally I wanted to be an exotic dancer, but I like beer too much. (sadface)

You might be able to make that work. The customers might pay you to skip your spot in the dancer rotation.

I would like to get back closer to my original degree (electrical engineering) in the form of renewable energy. I tend to find solar most interesting but wind and geo, etc. are also on the table. My ultimate fantasy is going back to HI (where I grew up) with enough of a Stash that wages are unimportant, and be part of their goal to go 100% renewable by 2050.

I don't really want to do it as a 9-to-5'er, but I'd consider it if the work is meaningful. Preferably I'd be self-employed or consulting once I've built my skillset enough.

As is, I'm supporting the growth of the industries by just investing in them as much as possible.

A worthy activity. If we can't wean ourselves off of fossil fuels, we might not have any future.

After FIRE, I'm considering offering to volunteer for my union one day per month. I could set up Linux work stations for them (saving them money on Microsoft licensing), or even something mindless like stuffing envelopes.

If I had a real skill at helping others, I could see myself working until I dropped, paid or not. Like this guy, who cures amazingly large numbers of third world blind people:

http://www.cnbc.com/2013/10/11/curing-the-blind-with-inexpensive-fast-surgery.html

warning: text article with video and sound auto play:
http://www.nytimes.com/2015/11/08/opinion/sunday/in-5-minutes-he-lets-the-blind-see.html
Title: Re: Target FIRE: 2017
Post by: FIRE me on January 01, 2016, 12:41:00 PM
Hi all, just did my year end counting and looks like I'm moving here from the 2018 Cohort!

When people first start out they see really big changes in their financial well-being.  Then it seems to just drag for some years.

Then that compounding kicks in and progress comes really fast again!

When I saw the amount of my 2015 net worth increase, compared to my 2015 wages, I literally thought it  had to be a mistake. Between invest income, bank cash bonuses, 401k match and profit sharing, my net worth increased by $44,000 on a W2 (last pay stub) gross income of $53,000. 
Title: Re: Target FIRE: 2017
Post by: Cookie78 on January 01, 2016, 02:00:09 PM
I'm so happy today because I can finally say I retire NEXT year!! :D

Also this holiday season I had a big extended family gathering and it got out (from my mom, who retired this year) that I was 'retiring' next year. It's a word I try to avoid, but whatever. Everyone was so happy for me and wanted to know the details. What was I going to do, how I was going to do it, and how I made it possible. My extended family on that side is pretty used to unorthodox ideas about life and careers, but no one has quit working before 40 to my knowledge. It felt great to have such amazing support and encouragement all around.

Looking forward to being able to spend more quality time with them all.
Title: Re: Target FIRE: 2017
Post by: jack06 on January 02, 2016, 01:09:39 PM

I'm so happy today because I can finally say I retire NEXT year!! :D

Also this holiday season I had a big extended family gathering and it got out (from my mom, who retired this year) that I was 'retiring' next year. It's a word I try to avoid, but whatever.

Wow, must have been something to do your coming out :) I haven't yet and keeps things vague. Friends and family know I will quit my current job, take a sabbatical to travel and to pursue personal projects (which is true). But they don't know I plan to never have a regular job again.
Title: Re: Target FIRE: 2017
Post by: MandyM on January 05, 2016, 03:10:06 PM
I'm in for 2017. Looking like July, although I may go earlier. I may even go PT in 2016, which may or may not effect my final quit date. I don't hate my job and PT could possibly provide the balance I'm looking for, at least for a bit. We will see. Like others above, its exciting to say its "next year"!
Title: Re: Target FIRE: 2017
Post by: Freedom17 on January 20, 2016, 01:08:49 PM
Today I made a first step towards ER: I resigned from my current middle-management position. It was not dramatic at all, but after a discussion with my boss, who is a VP, I told him I'd like to go back to my former role and he accepted. I did not want to start at another company knowing I would quit in a year and a half, so I'm very glad he accepted.

I still target 2017 to leave completely the workforce though, but knowing that all the responsibilities of my current role will soon be a thing of the past will help me go through the next year and a half. It's great, because without my FIRE goal, I'm sure I would simply have continued with a career I never really wanted. After more than 10 years in a management role, it will be a great challenge to fill my old shoes, but the good news is that I don't really have anything to lose.

It's interesting to hear someone in a similar situation. I'm planning to FIRE in 2017 and just gave up my management position and am going back to being an individual contributor. Like you I'd considered moving to another company but a year and a half doesn't really justify it.

Best of luck in your journey!
Title: Re: Target FIRE: 2017
Post by: Fishindude on January 20, 2016, 01:23:42 PM
I'm done with full time work at the end of this year, will be 57.
Going to hang around part time for a couple years at a minimal salary to keep health insurance and to keep contributing to 401K plan.

We owe nothing and have a large enough stache to continue our current lifestyle and spending without much fear of even touching the principal.
Really looking forward to being able to just take off and go hunting or fishing for a few days, pretty much anytime I want to :)
Title: Re: Target FIRE: 2017
Post by: zephyr911 on January 20, 2016, 02:30:36 PM
How's everyone doing?

I've done my projections all the way through 2016, and it looks like, in addition to $22k toward TSP (contributions + repayments) plus about $4K matching, I can probably save $50K after taxes and spending. I'm also looking at a side-income milestone - it's lumpy and builds slowly in 2016, but should exceed monthly costs in Q3 and remain above that level indefinitely.

Result: I enter 2017 saving 75% of TH and 100% of FT pay, finger on the trigger. Then... I don't even know! I have to set a date, or wait for some proximate environmental trigger. I started this train when I was miserable, and I'm liking work now, but I've held the line based on the assumption that it won't last (given my experience here, I think it's a good assumption). So, either another leadership change and the atmosphere goes toxic (negative), I find that elusive dream job (positive), or I just decide it's time. Hmm.

So, here's my phased plan, latest version:
- 2016 (38), contribute final inputs to rental LLC; earn $10K in commissions on reinvested earnings (growing exponentially). Save $75K; NW $350+.
- 2017 (39), time TBD, go PT (Air National Guard + real estate) - work ~60 days a year, save at least $10K/yr; reinvest all earnings. Possible move to final FIRE location.
- 2022 (44), retire from ANG, NW $700K; final move(?); occasionally sell a house; rentals cover any remaining expenses; surplus to charity; IRA/TSP add safety margin.
- 2038 (60), Stash $1M, ANG retirement kicks in, probably needless (around $2k/mo), but adds safety margin, or more giving.
- 2040 (62), FERS deferred retirement kicks in, and... I guess I give more away, unless I've bungled things terribly. Definitely chilling from here on out.
- 2070 (92), die and leave $10M to the orphaned beluga whale foundation. Or, you know, whatever.

Unknowns: DW's employment (she's 32, barely out of grad school, and will work longer, but is in the 60-70% SR range and 100% supportive); my work (the above-mentioned "stuff I'd like to do regardless of pay"). However, most of the "maybes" are on the upside, and I think there is plenty of resiliency built in. Any thoughts?
Title: Re: Target FIRE: 2017
Post by: Lnspilot on January 20, 2016, 07:14:04 PM
I'm on track, but am going to find it very hard not to plow every spare cent into VTSAX if the prices continue to drop. I was going to live off of cash savings for the first year or two, but I may re-think how to fund years 1-5. Thoughts of OMY come and go.
Title: Re: Target FIRE: 2017
Post by: SwordGuy on January 20, 2016, 07:21:58 PM
I'm on track, but am going to find it very hard not to plow every spare cent into VTSAX if the prices continue to drop. I was going to live off of cash savings for the first year or two, but I may re-think how to fund years 1-5. Thoughts of OMY come and go.

I understand that!  We're sitting on the fence about paying off our mortgage when our old house sells or investing it.   If prices keep dropping we'll be investing for sure!
Title: Re: Target FIRE: 2017
Post by: MrsWhipple on January 20, 2016, 09:23:12 PM
Hi all, just did my year end counting and looks like I'm moving here from the 2018 Cohort!
Hurray!

So the baby is on the way, and I'll probably be ready to do a retirement trial come September when it finally arrives (eek!). Plan for this year is to get my taxes done as soon as possible and max out the 401k accounts, IRAs, and HSAs before stashing the rest into taxable accounts. I've been sitting on a lot of cash since selling our house last year, and my procrastination has finally paid off in the form of a market dip, so woohoo for that :)

I'll be quitting my main source of income (writing) but will probably keep doing some publishing work for my other company, so we'll likely still have enough money coming in to cover expenses for the next couple of years. Husband has been retired already for two years now so he's going to have to help me adjust - I'm definitely the workaholic.
Title: Re: Target FIRE: 2017
Post by: myhotrs on January 21, 2016, 02:27:04 PM
Thanks everyone for the warm welcome!! Anyone coming to Camp Mustache with me? Would be nice to meet some fellows from the class of '17.

I actually liked work when I discovered MMM and got serious about RE about 3-4 years ago. Now, three management changes later, not so much. At this point, I need to make it this March (bonuses) and then wait around for layoffs (and severance). No way I'm going back to FT work at this point. Our NW is around $750k and my side-hustles bring in more than our living expenses AND my wife just went back to work after a few years home with the baby. The hard thing would be to ever willingly leave my super easy/super high paying job but I doubt they'll leave that up to me.

Whats funny is that for years now I've joked about how since I've been working for 10+ years now and she's only worked a few, my turn to sit home was coming and it IS!
Title: Re: Target FIRE: 2017
Post by: jack06 on January 21, 2016, 04:52:24 PM

It's interesting to hear someone in a similar situation. I'm planning to FIRE in 2017 and just gave up my management position and am going back to being an individual contributor. Like you I'd considered moving to another company but a year and a half doesn't really justify it.

Best of luck in your journey!

Thank you, best of luck to you too! The transition is not completed yet on my side but should be done in the next weeks or so.
Title: Re: Target FIRE: 2017
Post by: FurtherJourneys on January 22, 2016, 12:09:25 PM
Hi there class of 2017! We hope to be ready to retire in January of 2017. We are currently shopping for some rental properties to diversify our investments and provide accessible monthly cash flow. I work part-time now as an ESL teacher and Spanish interpreter (10-15 hours a week) and my husband works full time.  He will manage our rentals after RE and I will probably continue to work part-time after RE for at least a couple of years because I love my job. We're aiming for January to take advantage of a bonus payout in November of '16 and to get paid for the vacation days that are applied in January of '17.

Over the past year or so we've been tracking expenses to make sure that our target number is accurate. My goal for this year is to reign in our grocery/eating out expenses. I have a 2 year old daughter and find that socializing with other moms and kiddos often comes with a purchase. We do get together at each other's houses as well, but there are a lot of coffee play dates at a local shop that has a kid's area.  Another goal is that after we buy the properties I want to make sure we're investing extra employment income into the market, we're very good at saving but not always great about putting that money to work in a timely manner.

I'm looking forward to hearing about everyone else's experiences and plans for the next year or so!
Title: Re: Target FIRE: 2017
Post by: FIRE me on January 24, 2016, 09:25:33 AM
Hi there class of 2017! We hope to be ready to retire in January of 2017. We are currently shopping for some rental properties to diversify our investments and provide accessible monthly cash flow. I work part-time now as an ESL teacher and Spanish interpreter (10-15 hours a week) and my husband works full time.  He will manage our rentals after RE and I will probably continue to work part-time after RE for at least a couple of years because I love my job. We're aiming for January to take advantage of a bonus payout in November of '16 and to get paid for the vacation days that are applied in January of '17.

Over the past year or so we've been tracking expenses to make sure that our target number is accurate. My goal for this year is to reign in our grocery/eating out expenses. I have a 2 year old daughter and find that socializing with other moms and kiddos often comes with a purchase. We do get together at each other's houses as well, but there are a lot of coffee play dates at a local shop that has a kid's area.  Another goal is that after we buy the properties I want to make sure we're investing extra employment income into the market, we're very good at saving but not always great about putting that money to work in a timely manner.

I'm looking forward to hearing about everyone else's experiences and plans for the next year or so!

Welcome FJ! As far as I know, you and I are the only 2017 thread posters with a date set in January.

I am super excited to have less than a year before I buy a load of sweet sweet freedom. It's also nice to remind myself that today will be the last January 24th that I work.

My plans for 2016 are to fatten the stash.

My biggest concern is that the Republicans will take the White House and repeal the ACA in 2017.
Title: Re: Target FIRE: 2017
Post by: FurtherJourneys on January 26, 2016, 10:45:08 AM
Thanks FIRE me! I'm also hoping for no eroding of the ACA, when we estimated what our costs would be it was much lower than my husband expected and made him MUCH more willing to target January. He's the pessimist and I'm the optimist, if it were up to me we would RE this June but he wants to build the stash a bit more before we do and get the rentals dialed down. Today he left at 7:30 am and won't be home until after 8 pm because of meetings. I too think about how next January we will be having breakfast together instead of him sitting in meetings all morning. :)
Title: Re: Target FIRE: 2017
Post by: zephyr911 on January 27, 2016, 03:15:30 PM
Hi there class of 2017! We hope to be ready to retire in January of 2017. We are currently shopping for some rental properties to diversify our investments and provide accessible monthly cash flow. I work part-time now as an ESL teacher and Spanish interpreter (10-15 hours a week)
Do you specialize in anything? DW got her Masters in Spanish/TESOL but teaching wasn't panning out so she ended up as a full-time medical terp. She loves it, but her big boss sucks and she's gonna drop back to part time after this year, or maybe go solo, or... you get the idea. She thought about adding a courts cert but the marginal return is low since she's fully employed already.

Quote
ACA
Ain't goin' anywhere. But, it's easy for me to say because I'll have Tricare Reserve till at least 2022, so, less to lose if I'm wrong.
Still, House antics aside, the ACA has benefitted core constituents of both parties and any serious attempt to undo it entirely would be met with revolt. I'd be incredibly surprised.
More likely it will be tinkered with, to balance budgets or appease various stakeholders.
Title: Re: Target FIRE: 2017
Post by: zephyr911 on January 29, 2016, 01:13:53 PM
How are you going to use that $7K in appreciation and amortization of your rental property to offset immediate expenses, without simultaneously selling it and keeping it? Paging Schrodinger... ;)
Title: Re: Target FIRE: 2017
Post by: rahby1us on January 29, 2016, 01:33:52 PM
Valid. At this point, i don't imagine i'll own the place for 30 years, because basically no one every finishes a 30 mortgage the traditional way. I think it's easier to imagine earning the 7k/year than anticipating a sell date (or complete payoff date for that matter) and the resulting lump sum from sale.

I suppose I could change it to 5k of cash and 7k of... hmm net worth gain? As long as cashflow doesn't prove to be a problem until i'm 5 years into my conversion ladder i like to think it won't matter.
Title: Re: Target FIRE: 2017
Post by: zephyr911 on January 29, 2016, 01:59:30 PM
Valid. At this point, i don't imagine i'll own the place for 30 years, because basically no one every finishes a 30 mortgage the traditional way. I think it's easier to imagine earning the 7k/year than anticipating a sell date (or complete payoff date for that matter) and the resulting lump sum from sale.

I suppose I could change it to 5k of cash and 7k of... hmm net worth gain? As long as cashflow doesn't prove to be a problem until i'm 5 years into my conversion ladder i like to think it won't matter.
It just sounded like you might be counting on the whole 12K to offset expenses... as long as you have it in liquid form somewhere else, the end result is the same.
Title: Re: Target FIRE: 2017
Post by: SherrieRose on January 29, 2016, 05:32:30 PM
Hi Guys,

I plan to retire in April 2017!  Love reading this stuff!  You guys are so inspirational!
Title: Re: Target FIRE: 2017
Post by: FIRE me on February 02, 2016, 10:39:12 AM
Really hoping to join this class, hoping to get a little reassurance/devil's advocate here! current job is pretty unfulfilling. Couldn't be much easier, but feels like a lot of wasted hours, and commute is about 2 hr. round trip, thankfully only 4 days/wk as i work from home 1 day. Gives me plenty of time to browse this forum though...

About me :) 30 y/o, Married with no kids. Probably about 2-3 years out from that (DW= 27, thinking 2 kids). Hoping to get some serious travel (on backpacking budget) during the time before little ones. In laws live in state which should help post kids. Live in GA.

Ok, the #'s
401k - 800k
roth - 80k
standard non-tax advantaged - 330k
cash - 65k

home- value 300k, remaining mortgage 180k
rental home (closing Feb '16) annual cash flow 5k, 12k total including appreciation and paydown of mort) rental home equity 44k


Expenses:
33k Daily spend budget of $45 per day for wife and I each
22k mort, tax, hoa and insurance
4k healthcare (conservative post FIRE estimation)
4k utilities, phone, internet
1k car insurance (will downsize to 1 car, so this could decrease)
6k state taxes on rental and 401k conversion ladder (this will go away eventually)
70k total
-5k rental house
65 Net

current income:
me 105k, DW 50k
future income 7k of appreciation/equity/yr from rental house

safety margins -
*assumes no work besides rental home. Would rather not work or just do seasonal work with high flexibility (work at growler store across the st, build/refurb furniture, clear trails for state parks during spring, etc. for a few months a year or as desired)
*could probably get hired back in the finance field if i really had to
*current condo is 1br/bath is in the "hot" area of atlanta where prop value is rising quickly and we've reno'd a decent amount of equity within our 1 year of ownership. Long term i don't mind moving somewhere cheaper with more room and lower overall cost.
*14 years remaining on mort, then housing cost per year drops from 22k to 9k
* Social Security?
*Should i only be counting HOA/taxes/insurance against my housing costs since the rest of my mortgage is equity?

risks:
*costs of kids. No clue. MMM at age 6.5 said his kid cost him $300/month. This seems impossibly low to me. I have zero experience.
*parents healthcare. might need to help out in this arena
*rental home disaster of some sort
*spend more $ with our glut of freetime. very conceivable that I continue to acquire outdoor gear and end up with 47 kayaks, 3 more bikes, a SUP, rock climbing equipment, a small tow behind RV and need a bigger house/shed to store everything. At least the first sentence here is a serious concern.
*change in tax policy affects conversion ladder

Plan is to work through early 17 to the point that 401k and HSA are maxed out for the year then get out and enjoy spring and summer.

What haven't i considered both good and bad?  Thanks for reading all of this crap^

Hi rahby1us, welcome to the class of 2017.

Nobody knows your own numbers better than you. And I only did one run through, with no double check on my math. So take this with a few grains of salt.

<Puts on Mr Pessimist Devil's Advocate hat>

Hopefully, you are planning on substantially reduced expenses in retirement. If not, at your current spending, it looks like you will need a minimum of $1.75M invested to retire.

I'm leaving your rental profits out of it as the 5k annual would make a fair safety margin or possibly help defray the future expense of two healthy children.

So without reduced spending your numbers come down to needing to stash another $475k between now and retirement day. Can you do that? Looking at your income and expenses, and considering taxes, it looks to me like $475k would be a stretch even by the end of 2017.

Or else reduce your expenses greatly.

That “33k Daily spend budget” looks vague and high to me. Groceries? Meals out? Gasoline? Car payments? Home and car repairs?

Many Mustachian couples mange to live on less than $2,750 monthly (33k annual), all expenses included. You and your DW are spending $5,800 monthly. That's a lot. For example, I am single and I have no house payment, but including taxes and insurance on my house, I typically spend a total of about $900 per month.

Keep in mind that for every $1 that you reduce your regular monthly expenses, the stash you need on retirement day is reduced by $300. Most Mustachians, myself included, find that a powerful inducement to ruthlessly reduce monthly expenses.

Last, what will your health insurance cost in retirement? I assume that you have been to the ACA website and got some estimates for your various likely circumstances (age, income, and two children)?


Title: Re: Target FIRE: 2017
Post by: FIRE me on February 02, 2016, 10:43:21 AM
Hi Guys,

I plan to retire in April 2017!  Love reading this stuff!  You guys are so inspirational!

Hi SherrieRose. Welcome to club 2017!

Maybe you would be willing to tell the group something about yourself. Like what part of the world you live in, and how you plan to enjoy your imminent freedom?

Title: Re: Target FIRE: 2017
Post by: SherrieRose on February 02, 2016, 06:06:42 PM
Hi guys,

So I happened to find MMM around February of 2015 and starting reading All the Posts Since the Beginning of Time.  MMM was life changing for me.  I only wish that I had found him when he started.  I totally bought into the idea that you work until 70 and have a mortgage your entire life.  You need to borrow to buy cars, although we only borrowed to buy only a few of our cars, the rest were purchased outright.  Anyway, I had NO IDEA!  MMM was revolutionary!  I immediately informed all my children, you don't have to work your whole life like me!  You can retire as soon as you have some FU money.  To that end, I am planning to be mortgage free by December, originally I thought I would die with a mortgage.  There are two reasons to wait until April 2017 to retire 1) Medicare and 2)annual bonus.  Since I did EVERYTHING wrong, I will not amass enough to retire early.  But after reading the ENTIRE blog, I can rest at ease that I will retire with sufficient funds to support me for the rest of my life.  Believe me, that is something!

I live in Reno, Nevada and would love any fellow mustachian skiers that want to ski the Tahoe area (Squaw) to get in touch with me! 

After I retire, I plan to do some world traveling.  I put my life on hold to work to amass enough to retire, so I want to enjoy it. 

Old as I am, I still ski every weekend, waterski, hike, kayak, backpack, and run half marathons. 

I love the energy and ideas that this site has brought to me!

Carry on!
Title: Re: Target FIRE: 2017
Post by: FIRE me on February 06, 2016, 06:36:54 PM
I'm older than average here too. I'll be 59 this year, and still 59 when I retire in January.

That is a great accomplishment for you to go from being in a situation where you need to work until you drop, to retirement in just two years.

Sounds like you have a very active and exciting retirement planned. I'm more low key. Definitely no world traveling for me. Post FIRE, I plan to hike at the local parks and nature reserves, not because I really want to, but because I need the exercise.
Title: Re: Target FIRE: 2017
Post by: FurtherJourneys on February 07, 2016, 07:47:43 PM
Hi there class of 2017! We hope to be ready to retire in January of 2017. We are currently shopping for some rental properties to diversify our investments and provide accessible monthly cash flow. I work part-time now as an ESL teacher and Spanish interpreter (10-15 hours a week)
Do you specialize in anything? DW got her Masters in Spanish/TESOL but teaching wasn't panning out so she ended up as a full-time medical terp. She loves it, but her big boss sucks and she's gonna drop back to part time after this year, or maybe go solo, or... you get the idea. She thought about adding a courts cert but the marginal return is low since she's fully employed already.

Quote
ACA
Ain't goin' anywhere. But, it's easy for me to say because I'll have Tricare Reserve till at least 2022, so, less to lose if I'm wrong.
Still, House antics aside, the ACA has benefitted core constituents of both parties and any serious attempt to undo it entirely would be met with revolt. I'd be incredibly surprised.
More likely it will be tinkered with, to balance budgets or appease various stakeholders.

Hi Zephyr! I'm in agreement with you that the basic ACA will persist, but hubby the pessimist will have a much easier time RE if come election time whatever candidate wins hasn't put it in their sights to significantly change. I have a M.Ed. and am licensed in TESOL and Spanish. I taught Spanish for 4 years full time, commuting 45 minutes each way and putting in 60-70 hour weeks. I got tired of spending my entire waking life working and wanted to at least start having a weekend again. I quit my job right before I got pregnant with our daughter and just taught adult ESL classes at a community program offered through the high school a couple of evenings a week. They liked what I did and when they had an influx of unaccompanied minors into the ESL program at the beginning of the school year they offered me a job to interpret for them during their content area classes. Once it got out that I can interpret I have had many opportunities. Right now I interpret through the school system and I also help out a program that brings literacy materials and lessons into low income preschool homes. I also am able to co-teach part-time in the ESL classroom two mornings a week. Working very part time has been a great way to balance being a mom with still having a creative and professional outlet. It's also within walking/biking distance so that has been a huge improvement in lifestyle.

I've considered medical interpreting. I was a pharmacy tech in the Air National Guard and worked in a civilian hospital for a couple of years after college round one, so I am comfortable in hospitals. It's not something I care to devote the time to right now, but I might look into it if I get bored in retirement :). It seems to pay quite well. I've seen postings for per-diem interpreters around here, it seems like it could be very flexible. I hope your wife is able to find or create a situation that works better for her.
Title: Re: Target FIRE: 2017
Post by: zephyr911 on February 07, 2016, 07:57:00 PM
It's a matter of pride for me that I've always been able to tell her that her employment decisions should be driven by factors other than income. She is a very driven person and will always contribute one way or another, and she loves her work so she's holding at 40 right now despite the frustrations. Where it gets interesting is, the owner is looking to sell out and retire. She is a ridiculous spender and sadly her decisions are all blatantly shortsighted - she will destroy the company if she stays too long, no joke - but if she can manage to get the cashout she wants and leave without bankrupting it, things should improve and DW will be poised to potentially take more of a leadership role. Every day she comes home and tells me how the boss is squashing innovation and employee development so she can clear a bigger bonus for herself, and I hear management insights coming through.
Title: Re: Target FIRE: 2017
Post by: rahby1us on February 11, 2016, 08:13:44 AM
Quote
Hi guys,

So I happened to find MMM around February of 2015 and starting reading All the Posts Since the Beginning of Time.  MMM was life changing for me.  I only wish that I had found him when he started.  I totally bought into the idea that you work until 70 and have a mortgage your entire life.  You need to borrow to buy cars, although we only borrowed to buy only a few of our cars, the rest were purchased outright.  Anyway, I had NO IDEA!  MMM was revolutionary!  I immediately informed all my children, you don't have to work your whole life like me!  You can retire as soon as you have some FU money.  To that end, I am planning to be mortgage free by December, originally I thought I would die with a mortgage.  There are two reasons to wait until April 2017 to retire 1) Medicare and 2)annual bonus.  Since I did EVERYTHING wrong, I will not amass enough to retire early.  But after reading the ENTIRE blog, I can rest at ease that I will retire with sufficient funds to support me for the rest of my life.  Believe me, that is something!

I live in Reno, Nevada and would love any fellow mustachian skiers that want to ski the Tahoe area (Squaw) to get in touch with me! 

After I retire, I plan to do some world traveling.  I put my life on hold to work to amass enough to retire, so I want to enjoy it. 

Old as I am, I still ski every weekend, waterski, hike, kayak, backpack, and run half marathons. 

I love the energy and ideas that this site has brought to me!

Carry on!

SherriRose, this sectionof the forum linked below might be useful to you, connecting with fellow travelers. I visited a friend for some rugged backpacking about 5 years ago in Tahoe and you are lucky to live out there. The scenery is absolutely gorgeous! I'm sure you could find some fellow ski enthusiasts (myself included) willing to come experience the western slopes!

http://forum.mrmoneymustache.com/meetups-and-social-events/mustachian-world-traveler-(m)/ (http://forum.mrmoneymustache.com/meetups-and-social-events/mustachian-world-traveler-(m)/)
Title: Re: Target FIRE: 2017
Post by: SwordGuy on February 19, 2016, 08:39:43 PM
I did a bit more calculations now that some of the variables are getting controlled for.

Rental #1 and #2 are rented. 
Most of the immediate repairs/enhancements to our new house are done (or will be shortly).
Mom's house is under contract for the end of the month.  Hopefully they will not back out.

In my previous numbers I hadn't included any stock sales or dividends in our retirement numbers.  Dividends alone will bump up our income by at least $10,000.   

So:

$20k Farm
$  8k Daughter Disability
$10k Dividends
$15k Rentals 1 thru 3
-------
$53k out of a target 60k.

If we get one more rental on line before the end of the year, my mom's house and our old house sold, that would take our income up to $58, with a $20 raise next March when my lovely wife starts on social security.

Unless the market is completely tanking I can see retiring at the end of this year instead of waiting until June of 2017. 

We're basically saving $50k in 401Ks and another 47k in Vanguard (if we continue as planned).  That's enough to buy two more rentals on top of the ones we can buy from selling our old home.  If we turn the equity in our new home into a HELOC that will let us leverage into more homes than straight cash purchases would buy, and with plenty of cash reserves to cover us in lean years.

I'm still not planning to sell any shares of stock for normal living expenses.  I just want those to grow.  I doubt we'll collect dividends once my wife is on SS, we'll just re-invest most of the time.

Also, it appears that my wife put some of her 401k money into an annuity.  She didn't remember doing that (nor did I), but neither of us was as savvy about this investing stuff as we are today.   Her job next week is to research what that annuity will provide.  For all I know, she could be collecting it today!
Title: Re: Target FIRE: 2017
Post by: zinethstache on February 19, 2016, 10:05:29 PM
Its been fun catching up with the class of 2017 tonight. I see some folks plans are changing. Some moving dates out, others in. Ours could move in depending on my work. DH has been retired since 2011 - so nothing changes for him.

Work for me is in flux. I am DRA'ed to another department filling in for them as their Scrum Master (CSM acquired in Dec). I've been asked to pursue CSP - one of the next levels up in the Agile tree, and I feel it would be a good move in case I need to pursue some sort of part time work post RV Travel days. I find my new role fun, and very positive, but tiring. It is endless work for me because I am also very technical and take on development tasks in addition to facilitating all of the team's activities. There is also talk of giving me more folks to manage, I already manage my own team's offshore developers in addition to the SM role for another group. I am not sure if having 2 to 4 local full timers to manage in addition will be too much or not. I really need to grin and bear it through this last year no matter how tough work gets. I am paid very well, the work is satisfying and will be a benefit to me if I should need to return to part time work in 2019 or beyond. It should be a win-win.

We are looking good so far with our goals stated in my long post above. We were going to rent a storage unit, but now our one rented shop appears to be coming available. It is hard to rent because of the zoning, so we figure we will use it for our storage. I do want DH to price shop public storage units first. What I like about this storage is it is heated, we already pay the PUD on it while it is rented because that same electrical ties in to our shared W/D. It is VERY secure as well and one of our tenants is a bulldog so we know he will keep an eye on it for us.

We have adjusted our RV plans to a lower cost setup. The dream RV isn't going to happen. I am glad I talked DH out of it. We are going to go a bit more old school. Older diesel with a used fifth wheel. We will pay cash, no financing.

We are also very close to shopping for rental #4. That should be able to commence after I get my bonus mid March. DH plans to cancel his ancient Life Insurance Annuity in March which should double our windfall. (I cashed out my Annuity last year-ah the things we did when we were young!)

DH has to finish our primary residence deck as soon as we get some nice weather. If we get the storage unit at the end of April we can start packing. We will carefully stage our home. It has higher end finishes that should do well if it is presented as high end to potential buyers. (sorry buyers but most of our stuff is not high end - it will be a fun project to choose what to keep, make some simple changes etc)

I've finally concluded ALL of my regular side-gig work because in our RV travels I don't want to have to work... at all:) DH will run the properties through our PM, I will get to support him...which I look forward to doing.

I haven't much to report on with our funny money budget yet, the year is young.  DH handles the bills and so far he has NOT transferred more than the agreed upon amount from savings per my calculations to simulate 401k and cover housing.

I hope to have a good report in April!
Title: Re: Target FIRE: 2017
Post by: FIRE me on February 20, 2016, 11:23:01 PM
Anyone want to make a list of people and FIRE dates?

I'll start. If anyone wants to, add yourself to the list and your planned FIRE month or even the (possibly tentative) exact date.

Name           |       FIRE   Date

FIRE me            January 3, 2017
Title: Re: Target FIRE: 2017
Post by: Freedom17 on February 20, 2016, 11:29:19 PM
Name           |       FIRE   Date

FIRE me            January 3, 2017
Freedom17        August 1, 2017
Title: Re: Target FIRE: 2017
Post by: SwordGuy on February 21, 2016, 11:14:11 AM
Name           |       FIRE   Date

FIRE me            January 3, 2017
SwordGuy         June 6, 2017
Freedom17        August 1, 2017
Title: Re: Target FIRE: 2017
Post by: Cookie78 on February 21, 2016, 11:21:06 AM
Name           |       FIRE   Date

FIRE me            January 3, 2017
SwordGuy         June 6, 2017
Freedom17        August 1, 2017
Cookie78           August 3, 2017
Title: Re: Target FIRE: 2017
Post by: Cookie78 on February 21, 2016, 11:24:23 AM
I posted my target date in the list, but I'm currently in the process deciding whether I should add 9 more months to that date. Decisions, decisions.... luckily nothing is written in stone. :)
Title: Re: Target FIRE: 2017
Post by: myhotrs on February 21, 2016, 11:05:00 PM
Name           |       FIRE   Date

FIRE me            January 3, 2017
SwordGuy         June 6, 2017
Freedom17        August 1, 2017
Cookie78           August 3, 2017
Myhotrs             March 31, 2017
Title: Re: Target FIRE: 2017
Post by: zephyr911 on February 22, 2016, 02:35:45 PM
It's really cool to see everyone dialing in their dates as time moves on, and I'm looking forward to joining the list.

I currently have my detailed cash flow forecast complete through 2016, and it shows me piling up a substantial cash surplus by the end of the year. I really need to calculate at least another six months' surplus and start allocating all of it. Debt elimination, '16/'17 IRAs, and quite a few other things are already covered. But I also want to put some substantial money into our house - high-dollar efficiency upgrades, more solar panels, etc - and I don't mind working a little longer to reach net zero. It's one less bill to pay after I cut the cord, and it's worth it to me beyond the financials since one of my primary drivers to FIRE is advocacy work for efficiency and renewables.

I'm also mulling a vehicle trade while income is high. This depends on job satisfaction, savings rate, and near-term investment returns.

Ultimately, this means I may not make up my mind until late this year or even early next. A big part of me would like to quit before spring (the peak real estate season) so I can do more play work, or at least before my next-next birthday that June, but when it comes down to it, I'm just playing this by ear, and when I know, I'll know.
Title: Re: Target FIRE: 2017
Post by: Fairviewite on February 23, 2016, 09:16:26 AM
Name           |       FIRE   Date

FIRE me            January 3, 2017
SwordGuy         June 6, 2017
Freedom17        August 1, 2017
Cookie78           August 3, 2017
Myhotrs             March 31, 2017
Fairviewite          June 1, 2017
Title: Re: Target FIRE: 2017
Post by: zephyr911 on February 23, 2016, 09:27:38 AM
My CDO got the better of me and I put these in chronological order. *twitch* ;)

Name      |       FIRE Date

FIRE me          January 3, 2017
Myhotrs           March 31, 2017
Fairviewite       June 1, 2017
SwordGuy        June 6, 2017
Freedom17      August 1, 2017
Cookie78         August 3, 2017
Title: Re: Target FIRE: 2017
Post by: NearlyThere on February 23, 2016, 02:19:09 PM
Sat down today to review my current position. Sitting at 65% of my FIRE amount. Up 22% in the past twelve months and if I continue this trajectory into next year, I'll be FIRE before the end of 2017. So I may as well move my focus towards hitting it in 2017 and ramp it all up.

If the markets increase say 5% over this time, it'll be August, otherwise most likely December. Great to see the light at the end of the tunnel and being on the right side of 50% this is a huge motivator.
Title: Re: Target FIRE: 2017
Post by: FIRE me on February 25, 2016, 10:00:19 AM
My CDO got the better of me and I put these in chronological order. *twitch* ;)

Name      |       FIRE Date

FIRE me          January 3, 2017
Myhotrs           March 31, 2017
Fairviewite       June 1, 2017
SwordGuy        June 6, 2017
Freedom17      August 1, 2017
Cookie78         August 3, 2017

Those early June FIRE dates are extra cool. Like a perpetual Summer vacation!
Title: Re: Target FIRE: 2017
Post by: zephyr911 on February 25, 2016, 11:53:28 AM
Those early June FIRE dates are extra cool. Like a perpetual Summer vacation!
I finally ran my projections through mid-2017.
I'm tentatively adding myself in June. It gives me most of the fiscal year to use my 15 days of paid military leave for ANG stuff (double-dip value ~$3K pretax) and still gets me out before my 39th b-day. Planned savings should be enough for all the required investments, debt reduction, and a small cash cushion.
This is a conservative date based on tying up all the loose ends, and I could move it up as much as 6mos if I start hating my job again.
*****************************************************


Name      |       FIRE Date

FIRE me          January 3, 2017
Myhotrs           March 31, 2017
Fairviewite       June 1, 2017
SwordGuy        June 6, 2017
Zephyr911       June 15, 2017
Freedom17      August 1, 2017
Cookie78         August 3, 2017
Title: Re: Target FIRE: 2017
Post by: Freedom17 on February 25, 2016, 01:35:47 PM
I'm tentatively adding myself in June. It gives me most of the fiscal year to use my 15 days of paid military leave for ANG stuff (double-dip value ~$3K pretax) and still gets me out before my 39th b-day. Planned savings should be enough for all the required investments, debt reduction, and a small cash cushion.
This is a conservative date based on tying up all the loose ends, and I could move it up as much as 6mos if I start hating my job again.

Don't take this the wrong way, but how are you talking about debt reduction and early retirement in the same sentence? Unless you're talking about a mortgage, how is it that you have enough investments to retire on but still have debt which presumably is costing you more in interest payments than your investments are returning post tax?
Title: Re: Target FIRE: 2017
Post by: zephyr911 on February 25, 2016, 02:29:56 PM
debt which presumably is costing you more in interest payments than your investments are returning post tax
Careful with that word.

Most debt is at 0%, none over 4%. All my taxable investments are crushing that. Only as I approach the exit does it make sense to deleverage for cash flow purposes. I keep my eye on the numbers, don't worry. ;)
Title: Re: Target FIRE: 2017
Post by: MandyM on February 25, 2016, 02:57:04 PM
I'm adding my name and date here as a way to make it concrete for myself. It gets difficult for me to nail it down as I am actually planning to pull the plug prior to full FI. I've always leaned toward working PT here and there to bolster my stache. Right now my projected WR is about 5%, but some days I don't feel I should be so bold and so I start pushing the date out and the WR lower.

Name      |       FIRE Date

FIRE me          January 3, 2017
Myhotrs           March 31, 2017
Fairviewite       June 1, 2017
MandyM           June 1, 2017
SwordGuy        June 6, 2017
Zephyr911       June 15, 2017
Freedom17      August 1, 2017
Cookie78         August 3, 2017
Title: Re: Target FIRE: 2017
Post by: jack06 on February 26, 2016, 04:04:00 AM
Targeting June.

Name      |       FIRE Date

FIRE me          January 3, 2017
Myhotrs           March 31, 2017
Jack06             June 1, 2017
Fairviewite       June 1, 2017
MandyM           June 1, 2017
SwordGuy        June 6, 2017
Zephyr911       June 15, 2017
Freedom17      August 1, 2017
Cookie78         August 3, 2017
Title: Re: Target FIRE: 2017
Post by: Fairviewite on February 26, 2016, 06:52:33 AM
FIRE Me looks like your comment "Those early June FIRE dates are extra cool. Like a perpetual Summer vacation!" is all it took for everyone to jump on the June bandwagon.

MandyM & Jack06 glad to see you guys are June 1st as well.

I'm interested to see how it plays out for myself and everyone else. If the majority of us pull the plug or will we suffer from One More Year syndrome.

 
Title: Re: Target FIRE: 2017
Post by: Cookie78 on February 26, 2016, 07:46:15 AM
FIRE Me looks like your comment "Those early June FIRE dates are extra cool. Like a perpetual Summer vacation!" is all it took for everyone to jump on the June bandwagon.

MandyM & Jack06 glad to see you guys are June 1st as well.

I'm interested to see how it plays out for myself and everyone else. If the majority of us pull the plug or will we suffer from One More Year syndrome.

I'm curious and excited to see how it plays out also!

For myself, Lately I can't decide whether I should just go now, or wait until my target date, or OMY. So many factors to consider. :)
Title: Re: Target FIRE: 2017
Post by: zephyr911 on February 26, 2016, 09:33:01 AM
FIRE Me looks like your comment "Those early June FIRE dates are extra cool. Like a perpetual Summer vacation!" is all it took for everyone to jump on the June bandwagon.

MandyM & Jack06 glad to see you guys are June 1st as well.

I'm interested to see how it plays out for myself and everyone else. If the majority of us pull the plug or will we suffer from One More Year syndrome.

Dammit, I don't wanna be on the bandwagon! I wanna be an edgy freethinker! ;)

It did make me think, and it gave me a kick in the ass to forecast another six months' worth of cash flow.
My birthday is toward the end of June and I like the idea of getting this over with before another one passes. But really, that's just the smartass in me.
OMY is a real thing, and I can't believe I'm already feeling a little bit of it - I hated hated hated this job, which is what put me on the FIRE track, and I almost wish I still did. Oh well though. For the money, it's the easiest gig I'll ever have, and I think I can trust myself to know when it's time to bail.
Title: Re: Target FIRE: 2017
Post by: Cookie78 on February 26, 2016, 09:41:26 AM
FIRE Me looks like your comment "Those early June FIRE dates are extra cool. Like a perpetual Summer vacation!" is all it took for everyone to jump on the June bandwagon.

MandyM & Jack06 glad to see you guys are June 1st as well.

I'm interested to see how it plays out for myself and everyone else. If the majority of us pull the plug or will we suffer from One More Year syndrome.

Dammit, I don't wanna be on the bandwagon! I wanna be an edgy freethinker! ;)

It did make me think, and it gave me a kick in the ass to forecast another six months' worth of cash flow.
My birthday is toward the end of June and I like the idea of getting this over with before another one passes. But really, that's just the smartass in me.
OMY is a real thing, and I can't believe I'm already feeling a little bit of it - I hated hated hated this job, which is what put me on the FIRE track, and I almost wish I still did. Oh well though. For the money, it's the easiest gig I'll ever have, and I think I can trust myself to know when it's time to bail.

I feel the same way about my 40th birthday and OMY. If I FIRE the day after it's a failure, but if I FIRE the day before, that's success! Ridiculous! My OMY thoughts are actually 9 more months, not a full year, just to make it to FIRE before my 40th.

I don't LOATHE my job, but I don't want to be here. However, my OMY thoughts are created by the really shitty real estate market here. Right now is a shitty time to sell (or I'd start immediately) and I don't know what'll happen on that front within the next 17 months.
Title: Re: Target FIRE: 2017
Post by: Freedom17 on February 26, 2016, 10:05:16 AM
FIRE Me looks like your comment "Those early June FIRE dates are extra cool. Like a perpetual Summer vacation!" is all it took for everyone to jump on the June bandwagon.

MandyM & Jack06 glad to see you guys are June 1st as well.

I'm interested to see how it plays out for myself and everyone else. If the majority of us pull the plug or will we suffer from One More Year syndrome.

Dammit, I don't wanna be on the bandwagon! I wanna be an edgy freethinker! ;)

It did make me think, and it gave me a kick in the ass to forecast another six months' worth of cash flow.
My birthday is toward the end of June and I like the idea of getting this over with before another one passes. But really, that's just the smartass in me.
OMY is a real thing, and I can't believe I'm already feeling a little bit of it - I hated hated hated this job, which is what put me on the FIRE track, and I almost wish I still did. Oh well though. For the money, it's the easiest gig I'll ever have, and I think I can trust myself to know when it's time to bail.

I feel the same way about my 40th birthday and OMY. If I FIRE the day after it's a failure, but if I FIRE the day before, that's success! Ridiculous! My OMY thoughts are actually 9 more months, not a full year, just to make it to FIRE before my 40th.

I don't LOATHE my job, but I don't want to be here. However, my OMY thoughts are created by the really shitty real estate market here. Right now is a shitty time to sell (or I'd start immediately) and I don't know what'll happen on that front within the next 17 months.

Have you considered renting it out? If property prices have dropped substantially it may actually be a good investment, in terms of rent to current market value ratio.
Title: Re: Target FIRE: 2017
Post by: Cookie78 on February 26, 2016, 10:38:01 AM
FIRE Me looks like your comment "Those early June FIRE dates are extra cool. Like a perpetual Summer vacation!" is all it took for everyone to jump on the June bandwagon.

MandyM & Jack06 glad to see you guys are June 1st as well.

I'm interested to see how it plays out for myself and everyone else. If the majority of us pull the plug or will we suffer from One More Year syndrome.

Dammit, I don't wanna be on the bandwagon! I wanna be an edgy freethinker! ;)

It did make me think, and it gave me a kick in the ass to forecast another six months' worth of cash flow.
My birthday is toward the end of June and I like the idea of getting this over with before another one passes. But really, that's just the smartass in me.
OMY is a real thing, and I can't believe I'm already feeling a little bit of it - I hated hated hated this job, which is what put me on the FIRE track, and I almost wish I still did. Oh well though. For the money, it's the easiest gig I'll ever have, and I think I can trust myself to know when it's time to bail.

I feel the same way about my 40th birthday and OMY. If I FIRE the day after it's a failure, but if I FIRE the day before, that's success! Ridiculous! My OMY thoughts are actually 9 more months, not a full year, just to make it to FIRE before my 40th.

I don't LOATHE my job, but I don't want to be here. However, my OMY thoughts are created by the really shitty real estate market here. Right now is a shitty time to sell (or I'd start immediately) and I don't know what'll happen on that front within the next 17 months.

Have you considered renting it out? If property prices have dropped substantially it may actually be a good investment, in terms of rent to current market value ratio.

Sure, I rent 1.5 of 2 houses at the moment, but along with the economic situation the vacancy rate has skyrocketed in the city in the last few months. Right now I have 1 vacancy (since January) and another tenant (also friend) who has been out of work for 2 months, and to my complete shock has zero safety net, and may or may not be moving at the end of March. Thankfully my 3rd tenants are amazing and usually pay rent 10 days early.

Keeping them after FIRE and renting is a possibility, but not one I would prefer. I have dealt with horrible property management companies in the past and I do not want to stay in this city. My realtor (also friend and mother of my ex) said she could manage it for me if I were to leave, which is a great relief to me if it comes down to not being a good idea to sell before FIRE, due to real estate market.
Title: Re: Target FIRE: 2017
Post by: Lnspilot on February 27, 2016, 03:15:22 AM
I've hit my number, so I'm on track for January 1st 2017. It feels CRAZY AWKWARD to be able to just leave my job because I am FI and initiate the FIRE plan that each one of us has made.

I was listening to J Money's M.O.N.E.Y podcast yesterday and one of the episodes featured the Mad Fientist. Like many others, he mentions how important it was to him to retire to something rather than to nothing in particular.

This makes sense to me, and as I return to the states Monday after working abroad for the last eight years I'm going to focus on re-establishing what makes me happy, and determining how I like to spend my time. Either way, I look forward to figuring it out.
Title: Re: Target FIRE: 2017
Post by: Fairviewite on February 27, 2016, 06:44:07 AM
Congrats Lnspilot on hitting your number and good luck figuring out what your retiring to.
Title: Re: Target FIRE: 2017
Post by: MandyM on February 27, 2016, 06:48:50 AM
It feels CRAZY AWKWARD to be able to just leave my job...

+1. My boss was talking to me yesterday about how burnt out he is and I felt bad because I'm not (because I see a light at the end of the tunnel). I am still too far away from my date to let my boss know of my plans, especially since I don't think he will take it well. But it is getting more and more awkward for me in those conversations.
Title: Re: Target FIRE: 2017
Post by: FIRE me on February 28, 2016, 07:16:55 PM
FIRE Me looks like your comment "Those early June FIRE dates are extra cool. Like a perpetual Summer vacation!" is all it took for everyone to jump on the June bandwagon.

MandyM & Jack06 glad to see you guys are June 1st as well.

I'm interested to see how it plays out for myself and everyone else. If the majority of us pull the plug or will we suffer from One More Year syndrome.

2016 is pretty much OMY for me.

I'm sticking out 2016 because I want to build (or have built) a garage, and I want an even larger stash with more safety. Counting SS (when it starts), as of today I'm funded to 160% of my current spending.

Is 2016 OMY for anyone else?

Edit: I see Lnspilot has already hit his number, so it's OMY for him too.
Title: Re: Target FIRE: 2017
Post by: jack06 on February 29, 2016, 07:10:21 PM

Is 2016 OMY for anyone else?


More in the opposite direction. Initially my plan was for Feb 2018, now June 2017 but I'm evaluating an opportunity to quit... in a few weeks. Startup project. The tricky part is that it could bring some money (or not), but then I will travel in 2018 (that is almost a sure thing) and if the startup project does not work I probably would need to work when I return from the travel, which sucks.  On the other hand, I precisely wanted to be FI so I could jump on such opportunities.
Title: Re: Target FIRE: 2017
Post by: zinethstache on February 29, 2016, 08:41:01 PM
I am technically starting OMY #2, but we did not have a plan when we initially calculated that our passive income hit our expected retirement expenses. Now we are much more prepared as we begin this last year of preparation for full time RV travel. We have to buy and sell some very large items as well as purge a bunch of unecessary belongings. Last year we did great at selling stuff, so I hope we can keep the pace up!

We are targeting Jan 2 2017 for me giving my 2 week notice. If this year, my pay structure changes back to the standard corporate bonus we might could move that up, but presently I am on a special compensation that in order to receive my full bonus I MUST work the entire year... Never thought that it would end up being a pain point. But at least it forces us to work toward one specific date and one date only:)

I do have a quick update. We are close to purchasing our RV full timing setup. We've decided to move in to it when we sell our home so that when we buy our last and likely final property, we can fix it up and rent it even though we will have purchased it with ourselves in mind to move into when we are done slow travelling.

Moving into our slow travel setup will save gobs of money each month while I finish my last year of work. We may decide to park at my mom's place. Or, if the commute doesn't make sense, we will rent a monthly spot at a local RV Park. We are still fine tuning that part of the plan. We absolutely will NOT eat up rental income squatting in one of our own rental units (that was another option). I want the MOST income possible realized during this phase.
Title: Re: Target FIRE: 2017
Post by: noble_goal on March 03, 2016, 01:13:33 PM
Hi All,

Looking forward to getting to know all of you over the course of the year.  It's a breath of fresh air reading this.  Adding my name to the list, and I'll share some status updates soon.

Name      |       FIRE Date

FIRE me          January 3, 2017
noble_goal       March 3, 2017
Myhotrs           March 31, 2017
Jack06             June 1, 2017
Fairviewite       June 1, 2017
MandyM           June 1, 2017
SwordGuy        June 6, 2017
Zephyr911       June 15, 2017
Freedom17      August 1, 2017
Cookie78         August 3, 2017
Title: Re: Target FIRE: 2017
Post by: MrsWhipple on March 03, 2016, 04:12:27 PM
Alright, I'll be the first one to jump! Put me in for Jan 1st :)

My job is as a writer, and I am planning for my last novel to be published in September of this year and everything else to be wrapped up by the end of the year. So hopefully I will still have a nice passive stream of income for a while, but I'm not going to count on it! Also, I'm going to have a new baby on hand so I have no idea what our expenses are going to be like next year. I'm much less structured than most of you guys, but if expenses turn out to eat into our savings too much and I have to go back to work in five or ten years, so be it. This will be my first stab at early retirement.
Title: Re: Target FIRE: 2017
Post by: zinethstache on March 04, 2016, 12:29:49 PM
Name      |       FIRE Date

FIRE me          January 3, 2017
Zineth             January 17, 2017
Myhotrs           March 31, 2017
Jack06             June 1, 2017
Fairviewite       June 1, 2017
MandyM           June 1, 2017
SwordGuy        June 6, 2017
Zephyr911       June 15, 2017
Freedom17      August 1, 2017
Cookie78         August 3, 2017
Title: Re: Target FIRE: 2017
Post by: Lnspilot on March 04, 2016, 12:46:22 PM
I see Lnspilot has already hit his number, so it's OMY for him too.

This is seriously the case.

I just returned to the US after living abroad for the last eight years, and I'm going to use the rest of this year to see what my actual expenses are, relative to my FIRE plans.

Meanwhile, a non-deployable position just opened up yesterday, so that's in the back of my mind... Maybe

*Sigh*
Title: Re: Target FIRE: 2017
Post by: FIRE me on March 04, 2016, 11:04:29 PM
Hi All,

Looking forward to getting to know all of you over the course of the year.  It's a breath of fresh air reading this.  Adding my name to the list, and I'll share some status updates soon.

Welcome, noble_goal. It's looking like 2017 is going to be a great year.

Also adding MrsWhipple to the list.

Name           |       FIRE Date

MrsWhipple     January 1, 2017
FIRE me          January 3, 2017
noble_goal       March 3, 2017
Myhotrs           March 31, 2017
Jack06             June 1, 2017
Fairviewite       June 1, 2017
MandyM           June 1, 2017
SwordGuy        June 6, 2017
Zephyr911       June 15, 2017
Freedom17      August 1, 2017
Cookie78         August 3, 2017
Title: Re: Target FIRE: 2017
Post by: Freedom17 on March 05, 2016, 01:00:20 AM
You guys and gals have inspired me. Moving up to June 1st!

Name           |       FIRE Date

MrsWhipple     January 1, 2017
FIRE me          January 3, 2017
noble_goal       March 3, 2017
Myhotrs           March 31, 2017
Jack06             June 1, 2017
Fairviewite       June 1, 2017
MandyM           June 1, 2017
Freedom17      June 1, 2017
SwordGuy        June 6, 2017
Zephyr911       June 15, 2017
Cookie78         August 3, 2017
Title: Re: Target FIRE: 2017
Post by: SwordGuy on March 11, 2016, 04:59:02 PM
I was originally planning to pull the plug on June 6th, 2017.   Unless bad stuff happens between now and then, I may move to the end of 2016 or the beginning of 2017.
Title: Re: Target FIRE: 2017
Post by: Jim2001 on March 12, 2016, 03:53:59 PM
Name           |       FIRE Date

MrsWhipple     January 1, 2017
FIRE me          January 3, 2017
noble_goal       March 3, 2017
Myhotrs           March 31, 2017
Jack06             June 1, 2017
Fairviewite       June 1, 2017
MandyM           June 1, 2017
Freedom17      June 1, 2017
SwordGuy        June 6, 2017
Zephyr911       June 15, 2017
Cookie78         August 3, 2017
Jim2001          December 31, 2017
Title: Re: Target FIRE: 2017
Post by: noble_goal on March 13, 2016, 08:08:06 AM
Name           |       FIRE Date

MrsWhipple     January 1, 2017
FIRE me          January 3, 2017
noble_goal       March 3, 2017
Myhotrs           March 31, 2017
Jack06             June 1, 2017
Fairviewite       June 1, 2017
MandyM           June 1, 2017
Freedom17      June 1, 2017
SwordGuy        June 6, 2017
Zephyr911       June 15, 2017
Cookie78         August 3, 2017
Jim2001          December 31, 2017

Jim,

Nice! Welcome.  Glad to see you squeezing in there :)

-noble
Title: Re: Target FIRE: 2017
Post by: noble_goal on March 13, 2016, 08:14:54 AM
Taking a few early steps even though we have plenty of time.  Specifically, researching health plans.

I used ehealthinsurance.com and found a plan that's only ~120/month.  It has high deductibles which is fine, HOWEVER it is only for people under 30.  I'm 29 but by the time of my RE date will be 30.  Then the cheapest plan is ~350!  It is by Oscar.  I live in NY, and may be looking to move, so perhaps there are better plans available in other states.

Anyway, I'm only starting to research, so if anyone has any helpful resources or advice from your personal experience, or can point to other useful threads in this forum, please let me know.

-noble

Title: Re: Target FIRE: 2017
Post by: SwordGuy on March 13, 2016, 08:34:26 AM
At this point, I'm pretty much assuming that my health insurance will be the equivalent of a house payment, which is one reason I'm leaning towards paying off our actual house payment before I retire.
Title: Re: Target FIRE: 2017
Post by: RedmondStash on March 15, 2016, 10:14:21 AM
Nice to see our likely cohort here. Spouse & I are aiming for mid-June 2017. Ish.

We don't have so much a FIRE date as a potential FIRE range, from an optimistic January 2017 through a more cautious August 2019. It depends on how all the ifs line up: if investment returns are at least x, if inflation is no more than y, if we can keep our spending under z, if we count home equity, if major unexpected expenses hit, if we want to travel, etc.

At January 2017, we're not FI by the 4% rule (more like an average of 6% annual spending), but our money won't run out until we're both 100. At August 2019, we're well within the 4% rule.

By the beginning of next year, spouse will likely have finished a final freelance contract. My job is currently great, but it's in an industry with a lot of uncertainty and upheaval. If it stays great, I will likely stay there until mid-June 2017, when spouse starts collecting SS. At our ages, we'll be more FIR than FIRE. :)

August 2019 is when our mortgage will be paid off if we don't kill it early. After that point, we'd definitely be FI. We're just not sure we want to wait that long. And we both foresee some modest future income streams: spouse from maybe working part-time somewhere fun, me from writing fiction and consulting for indie videogame companies.

Kind of exciting. It's not that far away. But it's also hard not to be impatient when you can actually see the gold ring in the distance.
Title: Re: Target FIRE: 2017
Post by: noble_goal on March 15, 2016, 09:32:11 PM
Hey Redmond. 
Welcome, and nice intro.  I know what you mean about getting impatient.  It's so easy to forget how far we have come as compared with targets set earlier.  I started putting some milestones in my calendar, (not that I'm consciously doing anything differently to cause them - other than saving like crazy), just as a marker to say "At some point in the past I expected to be at point x."  At the same time, not getting discouraged if it comes up short or overly exuberant if exceeds expectation.  That's sort of why I wanted to put a date down on this thread.  My plan has flexibility built in; sounds like yours does too.  Oh, and, part time work somewhere fun has a good ring to it!  (Writing from family vacation in Costa Rica!)
-Noble
Title: Re: Target FIRE: 2017
Post by: RedmondStash on March 15, 2016, 11:06:25 PM
Hi Noble, and thanks.

Even though I spend a lot of time poring over spreadsheets to make sure we're on track, I don't really think in terms of milestones, just because it would drive me nuts. I'm trying hard to keep my head down, keep enjoying work and life, and ignore that itch to just declare victory and damn the torpedoes.

At least we know we're getting there. And who knows? Maybe I'm strengthening those patience muscles. :)

Enjoy Costa Rica. Now you've got me thinking about planning a vacation too....
Title: Re: Target FIRE: 2017
Post by: Freedom17 on March 15, 2016, 11:31:07 PM
Does anyone else find this final year extra tough? It's like time drags on more slowly now or something.
Title: Re: Target FIRE: 2017
Post by: RedmondStash on March 16, 2016, 08:55:36 AM
Does anyone else find this final year extra tough? It's like time drags on more slowly now or something.

Yes. You are not alone. Every time I wake up a little tired (like from freakin' Daylight Saving Time), I wish my FI moment were here NOW. As much as I love my job, it's hard to wait. I itch to be done.

So maybe I'll try telling myself my FI year is actually 2019, and wake up pleasantly surprised this coming January 1. :)
Title: Re: Target FIRE: 2017
Post by: Cookie78 on March 16, 2016, 10:31:03 AM
Does anyone else find this final year extra tough? It's like time drags on more slowly now or something.

I'm impatient often, and every morning that I have to get up for work and say goodbye to my dog I wish I was FIREd already, but so far this year is flying by FAR faster for me than last year. Last year was phenomenally brutal for slow speed in a way that feels like anything prior was a whole different lifetime. Now that I have recovered from 2015 and can see the end of the FIRE tunnel things seem to be picking up speed. I'm trying to turn my impatient energy into excitement energy that can be used productively instead of letting it stress me out.

I am trying to focus on the present and do the things that need to be done before FIRE, like fixing up houses to sell, learning Spanish, getting in better shape, figuring out tax planning and simplifying and downsizing my life, but I am really looking forward to August when I can start saying 'This is my very last 'xyz day/event/holiday/month' while working!
Title: Re: Target FIRE: 2017
Post by: SwordGuy on March 16, 2016, 07:16:32 PM
The more I do some calculations, the more likely I can FIRE in January instead of June...  :)
Title: Re: Target FIRE: 2017
Post by: zephyr911 on March 17, 2016, 01:45:33 PM
Does anyone else find this final year extra tough? It's like time drags on more slowly now or something.

Yes. You are not alone. Every time I wake up a little tired (like from freakin' Daylight Saving Time), I wish my FI moment were here NOW. As much as I love my job, it's hard to wait. I itch to be done.

So maybe I'll try telling myself my FI year is actually 2019, and wake up pleasantly surprised this coming January 1. :)
Honestly? No... if the current buying opportunities persist, I might work a little longer just to invest more. So much to do though... I won't delay long.
I'm not even ready for it today.
Title: Re: Target FIRE: 2017
Post by: Jim2001 on March 17, 2016, 08:14:44 PM
Does anyone else find this final year extra tough? It's like time drags on more slowly now or something.

Yes, but I'm counting the paychecks.  47 to go. 
Title: Re: Target FIRE: 2017
Post by: RedmondStash on March 18, 2016, 09:03:13 AM
Does anyone else find this final year extra tough? It's like time drags on more slowly now or something.

Yes, but I'm counting the paychecks.  47 to go.

Hm. That's an intriguing idea. I may try it too.
Title: Re: Target FIRE: 2017
Post by: noble_goal on March 18, 2016, 05:31:19 PM
Does anyone else find this final year extra tough? It's like time drags on more slowly now or something.

Yes, but I'm counting the paychecks.  47 to go.

Hm. That's an intriguing idea. I may try it too.

Love it!  22!
Title: Re: Target FIRE: 2017
Post by: SwordGuy on March 18, 2016, 05:50:59 PM
Does anyone else find this final year extra tough? It's like time drags on more slowly now or something.

Yes, but I'm counting the paychecks.  47 to go.

I like that idea!!!   21 if I quit at the start of 2017.   32 if by my 6-Jun-2017 target date.
Title: Re: Target FIRE: 2017
Post by: zephyr911 on March 19, 2016, 02:57:34 PM
Does anyone else find this final year extra tough? It's like time drags on more slowly now or something.

Yes, but I'm counting the paychecks.  47 to go.

I like that idea!!!   21 if I quit at the start of 2017.   32 if by my 6-Jun-2017 target date.
Same for me.
Title: Re: Target FIRE: 2017
Post by: myhotrs on March 19, 2016, 03:16:32 PM
Uhh, I'm really dragging at work. So hard to pretend I give a shit when all I can think about is how completely useless and unimportant what I do is (sell financial data). Really hoping for a layoff/severance, but don't see one coming. Counting down the days now, 361 left.
Title: Re: Target FIRE: 2017
Post by: SwordGuy on March 19, 2016, 03:42:06 PM
Uhh, I'm really dragging at work. So hard to pretend I give a shit when all I can think about is how completely useless and unimportant what I do is (sell financial data). Really hoping for a layoff/severance, but don't see one coming. Counting down the days now, 361 left.

Maybe you'll get lucky and get laid off with severance the day before you turn in your notice... :)
Title: Re: Target FIRE: 2017
Post by: Freedom17 on March 19, 2016, 04:10:15 PM
I'm struggling right now with the layoff question due to some recent stability issues with my project at work. There might be an opportunity for a package in October this year but it's earlier than I planned. If only this had happened 6 months later. I might just have to find another project instead.
Title: Re: Target FIRE: 2017
Post by: MrsWhipple on March 19, 2016, 11:25:26 PM
I'm struggling right now with the layoff question due to some recent stability issues with my project at work. There might be an opportunity for a package in October this year but it's earlier than I planned. If only this had happened 6 months later. I might just have to find another project instead.
Do it and work on bringing in some side income, or ask if your company wants you as a consultant after you've been laid off. If you're that close, the worst that can happen is you have to grab a part time job for a little while to tide you over.
Title: Re: Target FIRE: 2017
Post by: FIRE me on March 20, 2016, 11:15:36 PM
Does anyone else find this final year extra tough? It's like time drags on more slowly now or something.

We've had a week or two of nice weather in my area and it is killing me! I work alone in a big room out on a dusty production factory environment, about 7 stories up. I have the rare luxury of a window. Looking out on the bright sunshine, the greening landscape and mild weather I want to walk out and not ever come back.

I'm FI now, and it is going to take all of my self control to hang in there for the next nine months.
Title: Re: Target FIRE: 2017
Post by: Cookie78 on March 21, 2016, 09:05:32 AM
500 days to go!
36 paychecks!

Does anyone else find this final year extra tough? It's like time drags on more slowly now or something.

We've had a week or two of nice weather in my area and it is killing me! I work alone in a big room out on a dusty production factory environment, about 7 stories up. I have the rare luxury of a window. Looking out on the bright sunshine, the greening landscape and mild weather I want to walk out and not ever come back.

I'm FI now, and it is going to take all of my self control to hang in there for the next nine months.

Agreed. I'm not sure I have the self control to last. I keep trying to figure out ways to get out sooner. It may happen depending on housing market here. Things are looking up economically (in my uneducated and mostly uniformed and often overly optimistic opinion) and I think it'll be better within a year.
Title: Re: Target FIRE: 2017
Post by: MandyM on March 21, 2016, 09:18:49 AM
500 days to go!
36 paychecks!

Does anyone else find this final year extra tough? It's like time drags on more slowly now or something.

We've had a week or two of nice weather in my area and it is killing me! I work alone in a big room out on a dusty production factory environment, about 7 stories up. I have the rare luxury of a window. Looking out on the bright sunshine, the greening landscape and mild weather I want to walk out and not ever come back.

I'm FI now, and it is going to take all of my self control to hang in there for the next nine months.

Agreed. I'm not sure I have the self control to last. I keep trying to figure out ways to get out sooner. It may happen depending on housing market here. Things are looking up economically (in my uneducated and mostly uniformed and often overly optimistic opinion) and I think it'll be better within a year.

437 days, ~29 paychecks. Depending on how much notice I decide to give...actually hoping to stay on at about 20 hrs/week, but prepared to leave.

I always struggle with my motivation this time of year. Its even started a little earlier than normal. I just hope it doesn't last for the next 437 days. My date is set based on picking up income at some point and not on a WR of 4% (probably more like 5%), so I don't think I should pull the plug any sooner. But it is tempting...
Title: Re: Target FIRE: 2017
Post by: JoJo on March 21, 2016, 06:53:30 PM
There is some work stress that is making me rethink 2017.  Might need to move up to 2016.  I have a big vacation planned for May that involves a combined work trip so need to stay on til mid-year.

Title: Re: Target FIRE: 2017
Post by: Freedom17 on March 21, 2016, 07:04:12 PM
I'm struggling right now with the layoff question due to some recent stability issues with my project at work. There might be an opportunity for a package in October this year but it's earlier than I planned. If only this had happened 6 months later. I might just have to find another project instead.
Do it and work on bringing in some side income, or ask if your company wants you as a consultant after you've been laid off. If you're that close, the worst that can happen is you have to grab a part time job for a little while to tide you over.

My savings rate in my current job is about 8 times what I'd save in a similar position in Hong Kong. Which means staying that extra 9 months saves me 6 years of work. Actually that's a really motivating way to think about it :)
Title: Re: Target FIRE: 2017
Post by: FIRE me on March 23, 2016, 10:04:24 AM
500 days to go!
36 paychecks!

Does anyone else find this final year extra tough? It's like time drags on more slowly now or something.

We've had a week or two of nice weather in my area and it is killing me! I work alone in a big room out on a dusty production factory environment, about 7 stories up. I have the rare luxury of a window. Looking out on the bright sunshine, the greening landscape and mild weather I want to walk out and not ever come back.

I'm FI now, and it is going to take all of my self control to hang in there for the next nine months.

Agreed. I'm not sure I have the self control to last. I keep trying to figure out ways to get out sooner. It may happen depending on housing market here. Things are looking up economically (in my uneducated and mostly uniformed and often overly optimistic opinion) and I think it'll be better within a year.

The two reasons for my OMY are extra contingency money and I really want to have a garage built when I FIRE. I expect it will be about $22,000 including extending the existing driveway.

Last Sunday I spent an hour or so crunching numbers and considering the strategy of a July 2016 retirement.

Pros:
Three months left instead of nine.

Get enrolled in Obamacare while I have an income that may not trip troublesome flags.


Cons:
Would pay $130 monthly (2015 rates, I checked them in December 2014) for Obamacare silver plan health insurance.

Won't top out 401k for 2016 (but would come close).

Stash will be reduced (compared to working until January 3) by about $18,000.

Last year profit sharing came at end of July (for the previous calendar year). It was about $900, into my 401k. So I'd miss that this year by a month. Previous 12 years we got profit sharing in March (in years when there was any to be had), so that's just one more annoying thing about my work.

If I worked until January 3rd, I'd get 18 more paid days (15 days vacation, two personal days, and New Year's Day paid holiday. Plus the day I worked, making it 19 days pay, just for working one day in 2017. To explain, on my job, the vacation is a contractual right, guaranteed to be paid in the case of job separation, even if discharged. Plus I got zero vacation the first 365 days of employment, so the vacation is earned, not granted.

The garage. I'd have to DIY it or else use stash money that had been earmarked for other contingencies (such as increased medical cost as I reach old age). Or just continue to do without a garage.

Conclusion:
I am eager to retire and eager to be rid of my employer. But there are good reasons to grind away another nine months.

That said, If I were to get completely fed up before January 3, I think I could end up making a post in the “epic FU money stories” thread.
Title: Re: Target FIRE: 2017
Post by: Jim2001 on March 25, 2016, 08:14:59 PM
FIRE me,

  You don't need to post it, but consider what percentage of your stash that 18K represents.  If it's small, it's easier to FIRE early. If it's significant, then it probably warrant's staying longer.

BTW, as of today, I've got to earn 46 more paychecks, then I'm out!
Title: Re: Target FIRE: 2017
Post by: RedmondStash on March 25, 2016, 10:01:15 PM
20 more paychecks until a potential FIRE date of 1/1/17. That date may change; in some ways, mid-June 2017 would be better.

Nice round number. Pretty sure I can do at least that.
Title: Re: Target FIRE: 2017
Post by: FIRE me on March 26, 2016, 10:27:22 AM
FIRE me,

  You don't need to post it, but consider what percentage of your stash that 18K represents.  If it's small, it's easier to FIRE early. If it's significant, then it probably warrant's staying longer.

BTW, as of today, I've got to earn 46 more paychecks, then I'm out!

I wish I still got weekly pay.

My stash will not be 25x my annual spending. So the 18k is a relatively large 10.6% of my contingency (and garage construction) money.

The reason I'm comfortable with that is that I'll be age 59.5 in November 2016. Rather old, compared to most of my fellow Mustachians. As of January 2017, I'll be just 31 months away from my 1st SS check (age 62 plus two months). No pension for me.

After 31 months of living off the stash, SS will be slightly more than enough to cover all my spending. My current spend is about $900 per month. SS will be about $1,280 per month.

I'll have about $200k in January. Should be about $170k left when SS starts.

My plan is to have $110k in VTSAX / VBTLX (probably split about 80 / 20) at age 62, and have that provide a $360 monthly supplement (4%) to SS. Most months I won't need the supplement at all, so after SS starts, I'll be living on on much less than 4%.

Since my income will be low, I am expecting health insurance to cost $100 per month, or less. Hopefully, ACA and its subsidies won't be repealed. After I'm 65, Medicare will be more than that, but there is a local real estate tax break for seniors that cancels out the extra expense.
Title: Re: Target FIRE: 2017
Post by: rachael talcott on April 07, 2016, 06:20:22 AM
Hi everyone.  I recently decided that I'm going to quit after one more year, so that puts me in this cohort (late spring/early summer 2017 -- I will be 42).  I have been buying one rental property a year for four years now, and current income from the rentals after all expenses (including deferred maintenance) is about $24K/yr, while my expenses now that I've paid off my mortgage are about $12K/yr.  The thing that has enticed me to take the plunge is that I will soon sell a former home that will bring in enough money to fund the purchase of my next three rentals.  So in three years after retirement I should have 7 rentals total bringing in $42K/yr, which is really overkill for me. 

I'm not sure if I should call myself retired if I'm still working on fixing up rentals, but I really do enjoy it and I've been doing it on top of my regular job for years. 

RT
Title: Re: Target FIRE: 2017
Post by: noble_goal on April 07, 2016, 08:10:36 PM
Hi everyone.  I recently decided that I'm going to quit after one more year, so that puts me in this cohort (late spring/early summer 2017 -- I will be 42).  I have been buying one rental property a year for four years now, and current income from the rentals after all expenses (including deferred maintenance) is about $24K/yr, while my expenses now that I've paid off my mortgage are about $12K/yr.  The thing that has enticed me to take the plunge is that I will soon sell a former home that will bring in enough money to fund the purchase of my next three rentals.  So in three years after retirement I should have 7 rentals total bringing in $42K/yr, which is really overkill for me. 

I'm not sure if I should call myself retired if I'm still working on fixing up rentals, but I really do enjoy it and I've been doing it on top of my regular job for years. 

RT


Awesome, Rachael.  Welcome!
Title: Re: Target FIRE: 2017
Post by: Lnspilot on April 07, 2016, 08:31:36 PM
So in three years after retirement I should have 7 rentals total bringing in $42K/yr, which is really overkill for me.

That is really awesome! Well done.
Title: Re: Target FIRE: 2017
Post by: rachael talcott on April 08, 2016, 11:37:52 AM
Thanks, Lnspilot and noble_goal!
Title: Re: Target FIRE: 2017
Post by: zephyr911 on April 08, 2016, 11:40:29 AM
Congrats and welcome!
Title: Re: Target FIRE: 2017
Post by: RedmondStash on April 08, 2016, 06:15:29 PM
I can't really share this with my coworkers, but I just started contributing the maximum possible percentage of my paycheck to my 401k at work, just in case I end up leaving that job before the end of the year, so I can be sure to hit the $24k max (including $6k of "make-up" contributions).

I got my first paycheck at this contribution level: $15.27.

I am laughing my ass off.

2017 is starting to look really good. :)
Title: Re: Target FIRE: 2017
Post by: zephyr911 on April 09, 2016, 09:30:32 AM
What inexcusable smartassery! ;)
What are you living on? Cash savings, side work, etc?
Title: Re: Target FIRE: 2017
Post by: FIRE me on April 09, 2016, 09:47:02 AM
I can't really share this with my coworkers, but I just started contributing the maximum possible percentage of my paycheck to my 401k at work, just in case I end up leaving that job before the end of the year, so I can be sure to hit the $24k max (including $6k of "make-up" contributions).

I got my first paycheck at this contribution level: $15.27.

I am laughing my ass off.

2017 is starting to look really good. :)

I'm not too far behind you. With my 401k at 80%, I take home $35 weekly at 40 hours. At 40 hours, the Federal tax withheld is $3 weekly. It feels like I'm really sticking it to Uncle Sam.
Title: Re: Target FIRE: 2017
Post by: RedmondStash on April 09, 2016, 10:53:27 AM
I can't really share this with my coworkers, but I just started contributing the maximum possible percentage of my paycheck to my 401k at work, just in case I end up leaving that job before the end of the year, so I can be sure to hit the $24k max (including $6k of "make-up" contributions).

I got my first paycheck at this contribution level: $15.27.

I am laughing my ass off.

2017 is starting to look really good. :)

I'm not too far behind you. With my 401k at 80%, I take home $35 weekly at 40 hours. At 40 hours, the Federal tax withheld is $3 weekly. It feels like I'm really sticking it to Uncle Sam.

I know! Isn't it great? :)
Title: Re: Target FIRE: 2017
Post by: RedmondStash on April 16, 2016, 07:26:31 PM
What inexcusable smartassery! ;)
What are you living on? Cash savings, side work, etc?

Zephyr, you're right, I am a total smartass. And proud of it. :D

Living on cash savings and spouse's income. Some of that income will eventually go into spouse's SEP, but we have more time leeway for that than for my 401k.
Title: Re: Target FIRE: 2017
Post by: noble_goal on April 21, 2016, 08:36:25 PM
Markets have been hot.  Anyone thinking 2016 now??  I know, I know, that kind of logic is totally dangerous.  Build the buffer... play long ball.  Not moving any dates, just staying the course.  Kicking @$$ at work with my now unapologetic approach to working on what I consider important.  People tend to respect my choices; should have done it my way all along.
Title: Re: Target FIRE: 2017
Post by: RedmondStash on April 22, 2016, 08:28:11 AM
Markets have been hot.  Anyone thinking 2016 now??

I may have entertained that thought a time or two. I might be entertaining it right now. We'll see how work goes.
Title: Re: Target FIRE: 2017
Post by: zephyr911 on April 22, 2016, 09:54:41 AM
Zephyr, you're right, I am a total smartass. And proud of it. :D

Living on cash savings and spouse's income. Some of that income will eventually go into spouse's SEP, but we have more time leeway for that than for my 401k.
A man (and/or woman) after my own heart!

I try to leave DW out of my FIRE plans because she's barely out of grad school and wants to work longer, but doesn't make a lot, and also because it makes me work harder and save more. But I could probably lean on her a bit if needed. She is, quite unlike me, a natural saver stashing 50% or so in most months just because she has what she needs and she grew up overseas with major economic insecurity.

As is, while I'm taking home a little over half my FT pay, I too am spending none of it. My side jobs have surpassed my spending, so my regular paycheck all goes to investments and energy improvements to the house. High fives, BTW.

Markets have been hot.  Anyone thinking 2016 now??
I may have entertained that thought a time or two. I might be entertaining it right now. We'll see how work goes.
If anything, all the ensuing naysayers have me hoping it's a bubble and I can get next year's shares at bargain prices. But I'm pretty happy in my job right now so I may not look at this stuff like the average classmate here.
Title: Re: Target FIRE: 2017
Post by: Jim2001 on May 06, 2016, 05:54:16 PM
Paycheck #44 arrived today.  43 left to earn...
Title: Re: Target FIRE: 2017
Post by: RedmondStash on May 06, 2016, 06:04:52 PM
I've got a foot straddling both class of 2017 and class of 2016, though recent market activity suggests that I may end up sliding more firmly back to this class. :)

Less than 8 months to go, even so.
Title: Re: Target FIRE: 2017
Post by: MandyM on May 11, 2016, 12:09:45 PM
This month is killing me - my work motivation is always at its lowest point during the month of May. I have just decided to move my FIRE date from 6/1/2017 up to 5/1/2017. I am officially in my last 12 months.
Title: Re: Target FIRE: 2017
Post by: Cookie78 on May 11, 2016, 12:16:55 PM
This month is killing me - my work motivation is always at its lowest point during the month of May. I have just decided to move my FIRE date from 6/1/2017 up to 5/1/2017. I am officially in my last 12 months.

Wooo!
So exciting!!

Good idea to move it up. If May is typically your lowest month, the May just before FIRE would be brutal I imagine.
Title: Re: Target FIRE: 2017
Post by: zephyr911 on May 11, 2016, 12:24:55 PM
I don't know to what extent I'm going to be able to call myself retired, because my outlook with PT work is looking more involved than my original plan, but I'm still gunning for next June. TBH, I'm feeling rather lackadaisical about it - work is better than ever these days and my pay keeps creeping up - but my business is taking more and more time to run correctly, and I may have to quit just to give it the attention it deserves. That and I'm having so much fun with it that I'm thinking about opening another startup, since the other parties to that endeavor are unlikely to invest any more than the initial stake we agreed to. Probably not a good idea to try to run two partnerships and be a military reservist AND still work FT for more than a short period. SO, anyway. I know I ramble. It's great to have options, which is what I set out to do, and now all I have to do is pick them.... heh
Title: Re: Target FIRE: 2017
Post by: jack06 on May 12, 2016, 06:01:49 AM
Updated list:

Name           |       FIRE Date

MrsWhipple     January 1, 2017
FIRE me          January 3, 2017
noble_goal       March 3, 2017
Myhotrs           March 31, 2017
MandyM           May 1, 2017
Jack06             June 1, 2017
Fairviewite       June 1, 2017
Freedom17      June 1, 2017
SwordGuy        June 6, 2017
Zephyr911       June 15, 2017
Cookie78         August 3, 2017
Jim2001          December 31, 2017
Title: Re: Target FIRE: 2017
Post by: JoJo on May 12, 2016, 10:12:54 AM
My goal:  Last day of full time work: Aug 19, then part time (50-60%) until November 9.  Then done.
Title: Re: Target FIRE: 2017
Post by: myhotrs on May 12, 2016, 12:55:46 PM
Don't know about you guys but work is driving me nuts. I really can't see making it to next year despite the relatively large bonus waiting in March. Takes me back to my first year in banking and putting up with all kinds of shit to make it bonus time (got shafted anyways!)

I think I'd rather get a job at Freebirds World Burrito where they all seem to be having a lot of fun whenever I stop by.
Title: Re: Target FIRE: 2017
Post by: rachael talcott on May 12, 2016, 06:09:02 PM
Updated list:

Name           |       FIRE Date

MrsWhipple     January 1, 2017
FIRE me          January 3, 2017
noble_goal       March 3, 2017
Myhotrs           March 31, 2017
MandyM           May 1, 2017
Jack06             June 1, 2017
Fairviewite       June 1, 2017
Freedom17      June 1, 2017
SwordGuy        June 6, 2017
Zephyr911       June 15, 2017
Cookie78         August 3, 2017
Jim2001          December 31, 2017

May 21, 2017 for me. 
Title: Re: Target FIRE: 2017
Post by: jack06 on May 12, 2016, 06:49:09 PM
Update: added Jojo and Rachael

MrsWhipple     January 1, 2017
FIRE me          January 3, 2017
noble_goal       March 3, 2017
Myhotrs           March 31, 2017
MandyM           May 1, 2017
Rachael            May 21, 2017
Jack06             June 1, 2017
Fairviewite       June 1, 2017
Freedom17      June 1, 2017
SwordGuy        June 6, 2017
Zephyr911       June 15, 2017
Cookie78          August 3, 2017
Jojo                  November 9, 2017
Jim2001           December 31, 2017
Title: Re: Target FIRE: 2017
Post by: Jim2001 on May 14, 2016, 10:41:36 AM
Updated list:

Name           |       FIRE Date

MrsWhipple     January 1, 2017
FIRE me          January 3, 2017
noble_goal       March 3, 2017
Myhotrs           March 31, 2017
MandyM           May 1, 2017
Jack06             June 1, 2017
Fairviewite       June 1, 2017
Freedom17      June 1, 2017
SwordGuy        June 6, 2017
Zephyr911       June 15, 2017
Cookie78         August 3, 2017
Jim2001          December 31, 2017

May 21, 2017 for me.

Rachel,

  Welcome to the club!

Title: Re: Target FIRE: 2017
Post by: rachael talcott on May 14, 2016, 08:40:21 PM

Rachel,

  Welcome to the club!

Thanks, Jim.  It will be fun to see people on this thread retire one by one next year. 
Title: Re: Target FIRE: 2017
Post by: Lnspilot on May 17, 2016, 07:53:05 PM
It's been a while since I've posted in this thread.



Yeah, I was pretty stoked to have been a self made millionaire by 29 years old. I also hadn't lived in the US since 22. Things were different while on a sweet expatriate gig. The pad was paid for. And the car. Utilities. Cost of living allowance. Etc.


Fast forward to now. I'm back in the US and have been LOVING 2.5 months off of work. I call it "Pre-Fire test", and number three to be exact. I've been hiking my A$$ off, street and trail running 6-10 miles, focusing on ME, meeting new paragliding friends and flying new sites, and simply loving living.

Holy shit, has it been the best months of my life. I cannot exaggerate this statement.

But... There's always a but.

I've been mostly failing at my proposed budget of $2,500/month. (It's only been three months, so this is hardly an average. Fear is talking here) This is mostly due to a fair bit of travel after being away for so long, and beer. Yes, beer. I loooovve beer. But I digress.

A stateside job  - a thing that rarely happens in my industry - opened up as soon as I got home. This means I can do the same thing without overseas (Afghanistan and other shitty places) travel. It means a 78k salary for relatively easy work. The only sacrifice is my, and our, most precious resource: Time, and a metric f*ck-ton if it.


Unlike most of you, I've totally fallen ill with OMY syndrome. It's hitting me hard, but I think I may be able to overcome it in a couple years.


For now there is so much to think about... How it affects my SuperPlan, specifically.. But that's a topic for another discussion. Or at least, another night when I haven't had a few "celebratory" drinks to solidify this shitty exchange of precious time for money. Tell me I'm insane?


I wish all of my prior 2017 cohorts success and strength to follow through. I'm looking forward to reading about your experiences.


All the best,


Lnspilot
Title: Re: Target FIRE: 2017
Post by: RedmondStash on May 17, 2016, 09:44:13 PM
I've been mostly failing at my proposed budget of $2,500/month. (It's only been three months, so this is hardly an average. Fear is talking here) This is mostly due to a fair bit of travel after being away for so long, and beer. Yes, beer. I loooovve beer. But I digress.

A stateside job  - a thing that rarely happens in my industry - opened up as soon as I got home. This means I can do the same thing without overseas (Afghanistan and other shitty places) travel. It means a 78k salary for relatively easy work. The only sacrifice is my, and our, most precious resource: Time, and a metric f*ck-ton if it.

Unlike most of you, I've totally fallen ill with OMY syndrome. It's hitting me hard, but I think I may be able to overcome it in a couple years.

For now there is so much to think about... How it affects my SuperPlan, specifically.. But that's a topic for another discussion. Or at least, another night when I haven't had a few "celebratory" drinks to solidify this shitty exchange of precious time for money. Tell me I'm insane?

Okay, you're insane.

Or, actually, probably not.

We took our RE for a test drive a couple of years ago, and found our spending was higher than anticipated, which precipitated going back to work for both of us. I'm glad we did.

Freedom is intoxicating. But the math has to add up so that you can sustain that freedom -- unless you want to just nudge your money upward now and then with occasional part-time work? That might satisfy your desire for freedom and your need to bulk up your monies. So it's a third option (besides OMY or FIRE).

And you know, OMY isn't the worst thing in the world. You're so close! If OMY makes the math work, would that make you more confident and comfortable in your freedom? Or are you a risk-taker who can comfortably roll the dice, maybe with a 5% SWR instead of 4%?

For me, OMY is chafing hard right now. My job is pretty great, but I'm trying to address some health issues, and darn if taking 40 hours out of every week where I have to be productive and sharp doesn't interfere. The idea of having expansive free time to deal with (and hopefully resolve) those health issues in a targeted way is really appealing -- as is FIRE in general, of course. And also of course, the decent health insurance through the job makes dealing with medical stuff cheaper and easier.

So I guess I'm in the opposite boat. I'm trying to stick it out through the end of the year, but my body might not let me. I'm trying everything I can to last until then, because even though we're bare-bones FI now, I'd be more comfortable with some extra padding, especially with our becalmed stock market. (Sail, damn you, sail!) I do not want to roll those dice now. I want better odds first.

Anyway, @Lnspilot, free time ain't free; it costs money. You're the only one who can say if your stash is sufficient to make the gamble likely to pay off in your favor. I wish you luck whatever you decide.
Title: Re: Target FIRE: 2017
Post by: Freedom17 on May 17, 2016, 10:59:22 PM
It's been a while since I've posted in this thread.



Yeah, I was pretty stoked to have been a self made millionaire by 29 years old. I also hadn't lived in the US since 22. Things were different while on a sweet expatriate gig. The pad was paid for. And the car. Utilities. Cost of living allowance. Etc.


Fast forward to now. I'm back in the US and have been LOVING 2.5 months off of work. I call it "Pre-Fire test", and number three to be exact. I've been hiking my A$$ off, street and trail running 6-10 miles, focusing on ME, meeting new paragliding friends and flying new sites, and simply loving living.

Holy shit, has it been the best months of my life. I cannot exaggerate this statement.

But... There's always a but.

I've been mostly failing at my proposed budget of $2,500/month. (It's only been three months, so this is hardly an average. Fear is talking here) This is mostly due to a fair bit of travel after being away for so long, and beer. Yes, beer. I loooovve beer. But I digress.

Have you tried home brewing? Travel hacking could help drop your travel costs substantially too.

Also you should give your spending a really careful audit. I'll guarantee you there's some fat to trim. We're living very comfortably on $6000 per month with 2 adults, 2 kids and 2 cars. $4000 of that is rent and daycare costs. Of the remaining $2000 we have $600 put aside for restaurants that we typically don't use up. There are so many little optimizations that can be done to spending that really add up to a lot of savings without impacting lifestyle at all.

For us some of the big ones were downsizing our rental house, changing car insurance to liability only, changing to MetroPCS which dropped out phone plan to $25 per person all up, getting most of our groceries from Costco, and kicking our impulse buying habits on Amazon.

Good luck on your journey!
Title: Re: Target FIRE: 2017
Post by: Lnspilot on May 19, 2016, 12:43:59 PM
@ RedmondStash - Thanks for the wisdom. OMY or 2MY will certainly me more comfortable. I'd be happy to do some part time work instead of selling depreciated shares, but it's just not a thing I want to incorporate into the main plan.

I'm one of those guys who is a little queasy even with 3.5-4% and a 60 year timeline, so I'm shooting for 3%.


@Freedom17 - I haven't tried home brewing but it's pretty popular here in Utah, probably because good beer is so expensive. A good half liter at a restaurant/bar is $7. Lately I've been a little more savvy and gone to the state liquor store to get my beers. The last trip was 28 good beers averaging $2.63 each. Better, but not ideal. Home brewing might be the way to go.

Re: travel hacking. Of the last two trips I've made I only had to pay for one, since points paid for the other. I still have 1 domestic trip payable with points.

Fat to trim? That's so true. I'm following Paula Pant's anti budget*, which is to essentially spend only X-amount per month regardless of which category it fits in. I watch my spending, but at the end of the month I look at how I spent my money. If I'm over $2,500 I look at the what affected it. Lately it's been groceries and alcohol.

Re: insurance. I'd love to go liability only, but there are minimums required for my umbrella policy which jacks up the cost.


*http://affordanything.com/2013/03/05/anti-budget-or-80-20-budge/



Thanks for the support y'all.
Title: Re: Target FIRE: 2017
Post by: zephyr911 on May 19, 2016, 12:51:41 PM
Regarding homebrewing: you know what's underappreciated? SAKE. I make it every now and then. After initial setup cost, up to $100, you can run 2-3 gallons for about 20 bucks.
Title: Re: Target FIRE: 2017
Post by: Freedom17 on May 19, 2016, 01:52:19 PM
Quote from: Lnspilot
Re: insurance. I'd love to go liability only, but there are minimums required for my umbrella policy which jacks up the cost.

Umbrella makes you take out collision and comprehensive? That's weird, the umbrella policy only covers liability so why would they care about whether you have insurance for loss of your own property?
Title: Re: Target FIRE: 2017
Post by: Lnspilot on May 19, 2016, 02:15:23 PM
Collision and comprehensive are required for the umbrella insurance policy that I currently have.

I picked up this umbrella policy after I already had my car insurance for a month or so, and they informed me that I had to increase certain parts to meet a minimum for the umbrella policy. If I can find a better umbrella policy and/or car insurance company then that my help to trim some fat.

@zephyr911 - interesting! I can't remember the last time I had sake. Maybe I'll try some again sometime.
Title: Re: Target FIRE: 2017
Post by: zephyr911 on May 19, 2016, 02:19:27 PM

@zephyr911 - interesting! I can't remember the last time I had sake. Maybe I'll try some again sometime.
I'm a huge fan of unfiltered semisweet stuff. Pearl or Snow Maiden would be a good start. Most people who don't like the standard fare feel differently about those.
Title: Re: Target FIRE: 2017
Post by: Freedom17 on May 19, 2016, 02:29:49 PM
Collision and comprehensive are required for the umbrella insurance policy that I currently have.

I picked up this umbrella policy after I already had my car insurance for a month or so, and they informed me that I had to increase certain parts to meet a minimum for the umbrella policy. If I can find a better umbrella policy and/or car insurance company then that my help to trim some fat.

@zephyr911 - interesting! I can't remember the last time I had sake. Maybe I'll try some again sometime.

This discussion made me realize I should up my coverage. I increased liability for my car policy from 300K to 1M and it only increased cost by $10 per 6 months for a 2 car policy.
Title: Re: Target FIRE: 2017
Post by: zephyr911 on May 19, 2016, 02:32:03 PM

This discussion made me realize I should up my coverage. I increased liability for my car policy from 300K to 1M and it only increased cost by $10 per 6 months for a 2 car policy.

I don't know how much it affects mine, but I have to have 250/500 IOT also have $1M personal umbrella (which is $20/mo). Worth it, being in real estate.
Title: Re: Target FIRE: 2017
Post by: noble_goal on May 21, 2016, 08:38:13 AM
I am considering asking for a 6 month break when I hit my date and number rather than resigning and never looking back.

Keeping the same timeline, budget, and targets.

As the target gets closer, it is hard to reconcile leaving regular income on the table.  May be fear creeping in?  If I position my departure as a break, and my employer goes for it, I can test the waters of freedom and create the space to examine the value of free time as compared with the compensation time can be exchanged for.

And if they balk at the idea, I'll be ready to walk.
Title: Re: Target FIRE: 2017
Post by: Freedom17 on May 21, 2016, 02:30:22 PM
Maybe it's time for a role call. Who's still on track with their plans?

MrsWhipple     January 1, 2017
FIRE me          January 3, 2017
Myhotrs           March 31, 2017
MandyM           May 1, 2017
Rachael            May 21, 2017
Jack06             June 1, 2017
Fairviewite       June 1, 2017
Freedom17      June 1, 2017
SwordGuy        June 6, 2017
Zephyr911       June 15, 2017
Cookie78          August 3, 2017
Jojo                  November 9, 2017
Jim2001           December 31, 2017
noble_goal       OMY
Title: Re: Target FIRE: 2017
Post by: Lnspilot on May 21, 2016, 02:46:02 PM
I am considering asking for a 6 month break when I hit my date and number rather than resigning and never looking back.

I'll be taking a leave of absence when my time comes. Just to be safe. And sure.
Title: Re: Target FIRE: 2017
Post by: MrsWhipple on May 21, 2016, 03:02:50 PM
Who's still on track with their plans?
Check and check. I am finishing up my last novels before August when the baby arrives. Right on track to quit work then, so I'm technically starting early but will still be getting paid for August releases on a delayed schedule. I'll be spending all of 2017 figuring out what the kid does to the budget and seeing if I can really quit forever or if I need to get back into work again.

One issue with tracking expenses: currently the biggest expense for us after the mortgage is health insurance ($600/mo). This is going to jump up with a kid, but as soon as I start getting paid less, we'll be able to get on a cheaper ACA plan.  So I am finding it hard to plan out given that I actually have no idea what our income is going to be in 2017 with royalties, or how much we'll be paying for  insurance because it's related. I guess it's a good problem to have (oh no, I might be making passive income during retirement!), but I've been finding that everything I do has a year's lag built into the plans because self-employment income is so fickle.  So the current plan is to just stop working for a few years and see how it all shakes out. It's definitely less structured than my mathematical brain would like, but there's just no good way to come up with every possible contingency.
Title: Re: Target FIRE: 2017
Post by: oblivo on May 21, 2016, 06:16:35 PM
I'm joining this group. Going to give my notice in January, probably stay on at work through Feb or March of 2017.
Title: Re: Target FIRE: 2017
Post by: zephyr911 on May 22, 2016, 05:30:34 PM
I'm still on track. Adding layers of safety margin as we speak. If I'm still working after next June it's because I decided it really want to... hehe
Title: Re: Target FIRE: 2017
Post by: MandyM on May 23, 2016, 06:04:24 AM
Maybe it's time for a role call. Who's still on track with their plans?

Pretty much. Technically, my FIRE date is partial FIRE (hopefully). I will offer to stay on PT (20hrs/wk), but will walk if they don't agree.
Title: Re: Target FIRE: 2017
Post by: myhotrs on May 23, 2016, 05:14:37 PM
Still on track here as well. Wife will continue working so not full FIRE, though financially we won't need her income. Always a chance i get laid off before then which wouldn't be a horrible thing either.
Title: Re: Target FIRE: 2017
Post by: SwordGuy on May 23, 2016, 08:10:28 PM

I just got back from the Society of North American Goldsmiths (SNAG) conference and have thought up several new business ideas that would be great fun.

I may be very busy once I retire from my day job! :)
Title: Re: Target FIRE: 2017
Post by: Fishindude on May 24, 2016, 07:03:10 AM
Seven months and seven days to the end of full time working, but who's counting?
Title: Re: Target FIRE: 2017
Post by: zephyr911 on May 25, 2016, 01:46:02 PM
I sat through a meeting this morning and asked myself why oh why I had chosen to prioritize (X, Y, Z) over immediate FIRE, and next June seemed like forever. I'm on the home stretch though, and loaded with creature comforts and luxuries. Haha *facepunches self*
Title: Re: Target FIRE: 2017
Post by: Freedom17 on May 25, 2016, 04:50:08 PM
Is anyone else here into minimalism? We've found it a fantastic way to reduce expenses on luxuries and getting rid of all our crap helped us move into a smaller home while still feeling like we have enough space. We haven't really missed anything we got rid of, if anything it led to us focusing more on the important things like spending time together and less on superficial stuff like watching low quality TV to fill time.
Title: Re: Target FIRE: 2017
Post by: Lnspilot on May 25, 2016, 04:54:51 PM
Is anyone else here into minimalism?

Heck yeah. I just saw the the screening of Minimalism: A Documentary About the Important Things on Monday evening and met Joshua and Ryan. You're right, it's neat to see the connection between FIRE and minimalism.
Title: Re: Target FIRE: 2017
Post by: FIRE me on May 26, 2016, 12:02:15 AM
Maybe it's time for a role call. Who's still on track with their plans?

FIRE me          January 3, 2017

I'm definitely still on track.
Title: Re: Target FIRE: 2017
Post by: MandyM on May 26, 2016, 08:00:46 AM
Is anyone else here into minimalism?

Heck yeah. I just saw the the screening of Minimalism: A Documentary About the Important Things on Monday evening and met Joshua and Ryan. You're right, it's neat to see the connection between FIRE and minimalism.

Long time minimalist here! I haven't watched the documentary from Joshua and Ryan yet, but I've followed their blog off and on. I've probably had minimalist tendancies since I was a teenager. When I went through an overly stressful time at about ~27, I remember I would sit in my living room and mentally go through my possessions: "I could get rid of that..and that...and that." It was like a stress relief tactic, reminding myself of how much I could remove from my life without issue. It has definitely helped me towards FIRE. I have a small house and it is still have empty. I have zero desire to fill it with furniture or decorations. I've been without a coffee table for nearly 3 years and am just now thinking about buying one.
Title: Re: Target FIRE: 2017
Post by: zephyr911 on May 26, 2016, 08:15:41 AM
I'm a guy who really loves the idea of minimalism but somehow ends up erring on the side of acquisition and inclusion, and only managed to start saving meaningful amounts of money by building all kinds of involuntary forcing functions into my life to trick myself, hide money, and take options away.

Aside from purely financial reasons, a big part of our Mustachian downsize was just forcing ourselves (ME, really) to get rid of a bunch of stuff, and 18 months later I'm still struggling to pare down to a comfortable footprint in our new place. It's not packed to the gills, but it doesn't feel wide open yet, either.
Title: Re: Target FIRE: 2017
Post by: Cookie78 on May 29, 2016, 02:36:03 PM
Still on track.

Also still trying to figure out if I can swing leaving a little earlier. In reality, that's mostly up to what happens with the stalled housing market around here.

Also occasionally trying to figure out if I can FIRE without selling the house I live in... but even taking finances out of the picture, there are huge cons to that idea.

So long as the houses both sell by Aug 3 I'm FIREing then whether I have 'enough' or not.
Title: Re: Target FIRE: 2017
Post by: Freedom17 on June 01, 2016, 11:22:30 PM
Today marks the start of my 1 year countdown. Wohooo!
Title: Re: Target FIRE: 2017
Post by: Cookie78 on June 02, 2016, 08:02:34 AM
Today marks the start of my 1 year countdown. Wohooo!

Exciting!!
Title: Re: Target FIRE: 2017
Post by: zephyr911 on June 02, 2016, 02:01:30 PM
Today marks the start of my 1 year countdown. Wohooo!
Whoa. I haven't even been thinking about that, but I'm only a couple of weeks behind you. I should have a party or something.... heh
Title: Re: Target FIRE: 2017
Post by: FIRE me on June 03, 2016, 09:25:15 AM
Today marks the start of my 1 year countdown. Wohooo!

Congrats on your last year.

It's down to 7 months for me. Looks like about 75% (10 of 13) of our Class of 2017 has it down to 12 months or less.
Title: Re: Target FIRE: 2017
Post by: Cookie78 on June 03, 2016, 09:46:57 AM
Today marks the start of my 1 year countdown. Wohooo!

Congrats on your last year.

It's down to 7 months for me. Looks like about 75% (10 of 13) of our Class of 2017 has it down to 12 months or less.

I'm looking forward to getting there so much! "This is my last August 10th at work", "This is my last September working ever", "This is my last Thanksgiving working ever", "This is my last winter stuck in this city at work", "This is my last Christmas vacation from work ever", "This is my last beautiful first day of summer stuck in the office", etc.

I have every other Friday off. Between that and vacations (but not holidays) I have 30 Fridays at work remaining, including this one. If I used up my holidays I wouldn't have to work another Friday!
Title: Re: Target FIRE: 2017
Post by: RedmondStash on June 04, 2016, 08:57:24 AM
I'm still waffling about my FIRE date; I'm aiming for good solid FI by late this year or early next year, but not sure yet about RE because I like my job.

Does anyone else struggle with wanting not to think about RE too much because you can get obsessive over it to the point where time slows to an unpleasant crawl? I'm finding that vague hand-waving about "maybe sometime late next year" helps me get through more than "January 1, here I come!" The farther away I tell myself the date is, the more comfortable I am buckling down and working.
Title: Re: Target FIRE: 2017
Post by: FIRE me on June 04, 2016, 10:37:28 AM
I'm looking forward to getting there so much! "This is my last August 10th at work", "This is my last September working ever", "This is my last Thanksgiving working ever", "This is my last winter stuck in this city at work", "This is my last Christmas vacation from work ever", "This is my last beautiful first day of summer stuck in the office", etc.

I have every other Friday off. Between that and vacations (but not holidays) I have 30 Fridays at work remaining, including this one. If I used up my holidays I wouldn't have to work another Friday!

Same here. I like knowing that I've worked my last bitterly cold January and February. And now there are very few beautiful Spring days are left for me to be trapped inside on the hot and dusty production floor.

I've also saved almost all of my vacation for the second half of the year. I am hoping that helps, but going the first six months with almost no vacation days has just added to my stir crazy.
Title: Re: Target FIRE: 2017
Post by: tonysemail on June 04, 2016, 10:53:58 AM
Today marks the start of my 1 year countdown. Wohooo!

Congrats on your last year.

It's down to 7 months for me. Looks like about 75% (10 of 13) of our Class of 2017 has it down to 12 months or less.

I'm looking forward to getting there so much! "This is my last August 10th at work", "This is my last September working ever", "This is my last Thanksgiving working ever", "This is my last winter stuck in this city at work", "This is my last Christmas vacation from work ever", "This is my last beautiful first day of summer stuck in the office", etc.

I have every other Friday off. Between that and vacations (but not holidays) I have 30 Fridays at work remaining, including this one. If I used up my holidays I wouldn't have to work another Friday!
Thats awesome.   I love that

Sent from my LG-H810 using Tapatalk

Title: Re: Target FIRE: 2017
Post by: SwordGuy on June 04, 2016, 11:35:10 AM
My current, "official" target date is June 6th, 2017 (D-Day), just a year away.   

I'm still hoping for closer to January, 2017, though. 
Title: Re: Target FIRE: 2017
Post by: MandyM on June 05, 2016, 06:35:44 AM
I'm still waffling about my FIRE date; I'm aiming for good solid FI by late this year or early next year, but not sure yet about RE because I like my job.

Does anyone else struggle with wanting not to think about RE too much because you can get obsessive over it to the point where time slows to an unpleasant crawl? I'm finding that vague hand-waving about "maybe sometime late next year" helps me get through more than "January 1, here I come!" The farther away I tell myself the date is, the more comfortable I am buckling down and working.

I am the opposite. I felt more calm once I picked a date. I tweak my spreadsheet less because I made a decision and now its just a matter of getting there. Before I picked an actual day I was constantly forecasting savings and gains and estimating when I would hit the number.

I am still fairly obsessive in general, but picking a date reduced it slightly.
Title: Re: Target FIRE: 2017
Post by: RedmondStash on June 05, 2016, 09:33:08 AM
I'm still waffling about my FIRE date; I'm aiming for good solid FI by late this year or early next year, but not sure yet about RE because I like my job.

Does anyone else struggle with wanting not to think about RE too much because you can get obsessive over it to the point where time slows to an unpleasant crawl? I'm finding that vague hand-waving about "maybe sometime late next year" helps me get through more than "January 1, here I come!" The farther away I tell myself the date is, the more comfortable I am buckling down and working.

I am the opposite. I felt more calm once I picked a date. I tweak my spreadsheet less because I made a decision and now its just a matter of getting there. Before I picked an actual day I was constantly forecasting savings and gains and estimating when I would hit the number.

I am still fairly obsessive in general, but picking a date reduced it slightly.

@MandyM -- Interesting how we're all different. :)
Title: Re: Target FIRE: 2017
Post by: zephyr911 on June 06, 2016, 02:33:26 PM
After some fairly extensive conversations with local friends, I decided yesterday to move forward with a 2nd real estate startup. This makes my quasi-FIRE look even less like full FIRE, but fully cements the timeline - its structure ensures rapid, ongoing returns for me, for not too much work, but enough work that I'll be ready to quit my FT job by next summer. Gonna found as a 2-member LLC for a slow-moving start over the next six months while buying 1-2 solid cash flow properties and negotiating with a few interested parties, and then sign up more partners at year-end and collect equity for a buying spree before the market heats up again in springtime. As the buying agent, I expect initial procurements alone to net out the equivalent of my stake in the form of commission (100% return, <9mos), and while it will tail off somewhat after that, continued buying via reinvested profits should clear me a few thousand a year to supplement my other sources. The best part is, under this arrangement I can keep the expense ratio to my buying partners extremely low by getting all compensation from sellers.
Title: Re: Target FIRE: 2017
Post by: FIRE me on June 07, 2016, 10:17:01 AM
Zepher911, sounds like a well planned, smart move that will bring in good income.

Are there any downsides to buying off season? If you buy a vacant property, is it substantially harder to find well qualified renters in the winter?
Title: Re: Target FIRE: 2017
Post by: zephyr911 on June 07, 2016, 10:48:53 AM
Zepher911, sounds like a well planned, smart move that will bring in good income.

Are there any downsides to buying off season? If you buy a vacant property, is it substantially harder to find well qualified renters in the winter?
I'm not too worried about it here. My focus area runs fairly high occupancy and I don't mind if they sit for a couple of months while being improved (virtually everything will be substantially upgraded at purchase or at first vacancy under this program). After the first few months we hit the peak move season and it's even less of an issue.
Title: Re: Target FIRE: 2017
Post by: Romag on June 07, 2016, 07:29:53 PM
Please add me to the group. Looking at June 1, 2017 as well.

I retired from the Army in August 2015 with 22 years. Single, no kids.
1. Pension covers basic living expenses and reoccurring bills (housing association fee and taxes, utilities, food, gas, insurance, Netflix etc.) with a little left over.
2. Paid off townhouse with reasonable association fee and property taxes.
3. Paid off 2015 car.
4. ~$250K in taxable accounts, cash, bonds
5. ~$350 in retirement accounts and will add 401K and IRA $$ for 2016-7
6. Reasonable expectation of a small inheritance
7. Social Security when the time comes

Figure a 2.5-3% withdrawal will leave me an endless supply of money for travel and miscellaneous expenses, based on my current spending.

Planning to do some hiking and camping in the Adirondacks, maybe hike the Appalachian Trail, walk, run, work out...
I have 4 years of GI Bill education benefits and might go for another master's or Ph.D, maybe in NYC - I'd like to live there for a couple of years but not forever.

Feeling great about it. My current job is easy and enjoyable, but I am chafing against the structure of having to "be there" - so my countdown is on!!


Title: Re: Target FIRE: 2017
Post by: SwordGuy on June 07, 2016, 07:46:36 PM

I retired from the Army in August 2015 with 22 years. ...
1. Pension covers basic living expenses and reoccurring bills (housing association fee and taxes, utilities, food, gas, insurance, Netflix etc.) with a little left over.

As a civilian taxpayer, I'm glad to see my tax dollars being put to such good use.   Thanks for your service.
Title: Re: Target FIRE: 2017
Post by: Freedom17 on June 07, 2016, 07:52:18 PM
Please add me to the group. Looking at June 1, 2017 as well.

Welcome Romag!

MrsWhipple     January 1, 2017
FIRE me          January 3, 2017
Myhotrs           March 31, 2017
MandyM           May 1, 2017
Rachael            May 21, 2017
Jack06             June 1, 2017
Fairviewite       June 1, 2017
Freedom17      June 1, 2017
Romag            June 1, 2017
SwordGuy        June 6, 2017
Zephyr911       June 15, 2017
Cookie78          August 3, 2017
Jojo                  November 9, 2017
Jim2001           December 31, 2017
noble_goal       OMY
Title: Re: Target FIRE: 2017
Post by: Romag on June 07, 2016, 08:46:53 PM
Thanks, SwordGuy. I had a great career and was proud to serve!
Title: Re: Target FIRE: 2017
Post by: zephyr911 on June 08, 2016, 10:34:32 AM
Thanks, SwordGuy. I had a great career and was proud to serve!
Hey there. I'm an Army GS civilian and next June represents my departure from that role. I'll still be an ANG officer until approximately 2022, but I can handle 39 days a year for what I get out of it. ;)
Title: Re: Target FIRE: 2017
Post by: Romag on June 08, 2016, 09:07:50 PM
Thanks, SwordGuy. I had a great career and was proud to serve!
Hey there. I'm an Army GS civilian and next June represents my departure from that role. I'll still be an ANG officer until approximately 2022, but I can handle 39 days a year for what I get out of it. ;)

Cool - are you at USASAC? I was an Infantryman/Africa FAO. Loved every minute (except an assignment to Army Human Resources Command...)
Title: Re: Target FIRE: 2017
Post by: zephyr911 on June 08, 2016, 09:22:41 PM
Thanks, SwordGuy. I had a great career and was proud to serve!
Hey there. I'm an Army GS civilian and next June represents my departure from that role. I'll still be an ANG officer until approximately 2022, but I can handle 39 days a year for what I get out of it. ;)

Cool - are you at USASAC? I was an Infantryman/Africa FAO. Loved every minute (except an assignment to Army Human Resources Command...)
Hahahaha.. HTC.
Yes, I actually am in the 'SAC... serving my fourth and final commanding general, if all goes according to plan. Don't tell anyone... they might make me work harder if they realize I'm punching out regardless xD
Title: Re: Target FIRE: 2017
Post by: Romag on June 09, 2016, 10:10:41 AM
Thanks, SwordGuy. I had a great career and was proud to serve!
Hey there. I'm an Army GS civilian and next June represents my departure from that role. I'll still be an ANG officer until approximately 2022, but I can handle 39 days a year for what I get out of it. ;)

Cool - are you at USASAC? I was an Infantryman/Africa FAO. Loved every minute (except an assignment to Army Human Resources Command...)
Hahahaha.. HTC.
Yes, I actually am in the 'SAC... serving my fourth and final commanding general, if all goes according to plan. Don't tell anyone... they might make me work harder if they realize I'm punching out regardless xD


I hosted MG Turner when I was in Kenya...I have the coin someplace. Seemed like a good guy.
Title: Re: Target FIRE: 2017
Post by: zephyr911 on June 10, 2016, 08:57:57 AM

I hosted MG Turner when I was in Kenya...I have the coin someplace. Seemed like a good guy.

He could be exhausting for the staff, but he really cared about doing things the right way. In the end he left a valuable mark here - we're still doing a better job of analyzing data and vectoring in on process improvements as a result. Downside: some staff heads are still so afraid of looking dumb in a meeting that they massively over-prepare (+++ labor hours for lackeys) and/or avoid talking. I still run into him occasionally, seems like he's doing well as a consultant.
Title: Re: Target FIRE: 2017
Post by: Freedom17 on June 10, 2016, 10:21:44 PM
51 weeks to go. Happy weekend everyone!
Title: Re: Target FIRE: 2017
Post by: oblivo on June 13, 2016, 02:55:42 PM
201 days left, '17ers
!
Title: Re: Target FIRE: 2017
Post by: SwordGuy on June 13, 2016, 03:12:37 PM
Spring Fever his hitting me really hard this month.   I re-checked our numbers and I think I can pull this off the end of the year instead of early June. :)
Title: Re: Target FIRE: 2017
Post by: RedmondStash on June 13, 2016, 04:04:58 PM
201 days left, '17ers
!

Yay!
Title: Re: Target FIRE: 2017
Post by: JoJo on June 13, 2016, 07:10:00 PM
Ugh.  My work just announced a major restructuring.   A unit that doesn't know much about our industry is taking us over.  Many of the execs that I work with every day are likely to leave or have major job changes.

I would seriously consider quitting now but the following are upcoming, with all the tickets purchased:
1. family visiting in September
2. I have a trip to somewhere tropical for 2 weeks in November
3. I have a trip planned to see family in December for Christmas
4. Big bonus will be paid next March.

So, I was planning on staying about another 1-1.5 years but no seriously considering if I can make it that long.  I'm at a 2% withdrawal rate now but I'd have such a nice cushion (like $200K) if I can stick it out for a year.
Title: Re: Target FIRE: 2017
Post by: SwordGuy on June 13, 2016, 08:03:39 PM
A 2% withdrawal rate???  You already have an awesome cushion, about twice what you need! :)
Title: Re: Target FIRE: 2017
Post by: MandyM on June 14, 2016, 06:20:58 AM
Spring Fever his hitting me really hard this month.   I re-checked our numbers and I think I can pull this off the end of the year instead of early June. :)

Awesome!!

Jojo - You gotta do what feels right, but I think a 2% withdrawal rate is nuts, let alone waiting another 18 months.
Title: Re: Target FIRE: 2017
Post by: zephyr911 on June 14, 2016, 06:52:08 AM
How much of a cushion do you need???

(http://static.comicvine.com/uploads/original/7/73842/2625946-princess_on_the_pea.jpg)
Title: Re: Target FIRE: 2017
Post by: Mrs. Pomodoro on June 23, 2016, 02:02:13 AM
Hello everyone, I've made up my mind that I'm going to give FIRE a go some time next year after months, if not years of indecision. I've been following this thread quietly for awhile and everyone's journey is very inspiring! It'll be great to get through the following year with you guys and hold myself accountable for my goals.

We're in a limbo kinda situation where our stash is big enough for both of us to stop working in a more mustachian locale but not where we currently live. Mr. P has already left the corporate world almost 3 years ago to be a SAHP and is working towards his dream career; I've been literally working to pay the mortgage and property tax (and save some more in the mean time) but it's getting harder to convince myself to leave my family and go to work every morning due to increased work-related stress and the realization that we really don't fit in where we live. I've been thinking about how to transition to the next phase of our life but analysis paralysis has got hold of me and no concrete action has been taken so far. I don't have all the nuts and bolts in place right now but I am committing to quitting my full-time job in its current form next year and see where this leads us.

For now I plan to give my notice after 4/15 just because another batch of RSU is vesting. Lame, I know, but I'll start from there and tweak my plan as I go. I'll offer to stay part-time if they need help during the usual busy summer cycle, but full-time will not be an option.

Adding myself plus a few others who seem to be missing from the list. Having a date is making me nervous already. Maybe I should start a journal to give myself something meaningful to do at work to help me work through FIRE logistics? Breathe, breathe, breathe.

MrsWhipple        January 1, 2017
FIRE me            January 3, 2017
Zineth               January 17, 2017
Myhotrs             March 31, 2017
oblivion             March 31, 2017
MandyM            May 1, 2017
Mrs. Pomodoro   May 1, 2017
Rachael             May 21, 2017
Jack06              June 1, 2017
Fairviewite         June 1, 2017
Freedom17        June 1, 2017
Romag              June 1, 2017
SwordGuy          June 6, 2017
Zephyr911         June 15, 2017
Cookie78           August 3, 2017
Jojo                  November 9, 2017
Jim2001            December 31, 2017
noble_goal         OMY
Title: Re: Target FIRE: 2017
Post by: tonysemail on June 23, 2016, 04:34:11 PM
Hello everyone, I've made up my mind that I'm going to give FIRE a go some time next year after months, if not years of indecision. I've been following this thread quietly for awhile and everyone's journey is very inspiring! It'll be great to get through the following year with you guys and hold myself accountable for my goals.

We're in a limbo kinda situation where our stash is big enough for both of us to stop working in a more mustachian locale but not where we currently live. Mr. P has already left the corporate world almost 3 years ago to be a SAHP and is working towards his dream career; I've been literally working to pay the mortgage and property tax (and save some more in the mean time) but it's getting harder to convince myself to leave my family and go to work every morning due to increased work-related stress and the realization that we really don't fit in where we live. I've been thinking about how to transition to the next phase of our life but analysis paralysis has got hold of me and no concrete action has been taken so far. I don't have all the nuts and bolts in place right now but I am committing to quitting my full-time job in its current form next year and see where this leads us.

For now I plan to give my notice after 4/15 just because another batch of RSU is vesting. Lame, I know, but I'll start from there and tweak my plan as I go. I'll offer to stay part-time if they need help during the usual busy summer cycle, but full-time will not be an option.

Awesome! 
I'm also lurking around and I've been eyeing that date myself.
There's no shame in maximizing your last year of regular income.

Yes to starting a journal :)
Title: Re: Target FIRE: 2017
Post by: Mrs. Pomodoro on June 23, 2016, 05:48:04 PM
Awesome! 
I'm also lurking around and I've been eyeing that date myself.
There's no shame in maximizing your last year of regular income.

Yes to starting a journal :)

Well, in that case, I'll dare you to put your name down, too! ;) If I recall correctly we live in the same area. Do you plan to stay here after FIRE? That's the major thing for us to figure out over the next few months.

I suspect that we will have some form of regular income at some point in the future thru teaching or similar work (albeit much less than it is now) but that's a concern for another day. Since I picked the date I already figured out 1. My benefits end at midnight on the day my employment and 2. Little P might qualify for Medi-Cal or a locally funded health insurance program for children. Starting a journal seems like a very good idea to help me push through all these nitty gritty details. Now I just need to figure out the title of my journal...
Title: Re: Target FIRE: 2017
Post by: RedmondStash on June 23, 2016, 09:07:45 PM
I'm going to go out on a limb here and declare myself for January 1, 2017. We should at least be FI then, even if we don't end up RE. I really like my job, and I'm not ready to leave yet. But that may change by the end of the year. There's so much I want to do with the rest of my life!

There are arguments for retiring at the beginning of next year, and also in the middle of next year (around 6/30/17). Of course, there are also arguments for retiring right now.

I don't know how all of you pick such precise dates with such confidence. It seems like our FI status fluctuates with every hiccup of the stock market.
Title: Re: Target FIRE: 2017
Post by: tonysemail on June 23, 2016, 10:29:43 PM
Well, in that case, I'll dare you to put your name down, too! ;) If I recall correctly we live in the same area. Do you plan to stay here after FIRE? That's the major thing for us to figure out over the next few months.

I suspect that we will have some form of regular income at some point in the future thru teaching or similar work (albeit much less than it is now) but that's a concern for another day. Since I picked the date I already figured out 1. My benefits end at midnight on the day my employment and 2. Little P might qualify for Medi-Cal or a locally funded health insurance program for children. Starting a journal seems like a very good idea to help me push through all these nitty gritty details. Now I just need to figure out the title of my journal...

Yeah, we're definitely staying in the area because my wife is not ready for FIRE. 
She wants to keep working for a few more years.
After that, we plan to be flexible about it.  If we can afford our current life, then we'll stay put long term.
And if we suffer a big sequence of returns disaster, then it's time to be creative ;)

Teaching seems very appealing, but opportunities seem hard to come by. 
I heard the local districts prefer hiring NCGs over techies on their second careers.
Title: Re: Target FIRE: 2017
Post by: Mrs. Pomodoro on June 24, 2016, 02:59:54 AM
I don't know how all of you pick such precise dates with such confidence. It seems like our FI status fluctuates with every hiccup of the stock market.

Just this afternoon I was thinking that I might give notice at the end of January 'cause I have no idea how I can survive the spring cycle. I can't speak for others but I definitely don't have much confidence here. Heck I don't even have a precise FI number 'cause there are many options we can go with. I'm just picking a date to get myself to start working on the logistics...

Yeah, we're definitely staying in the area because my wife is not ready for FIRE. 
She wants to keep working for a few more years.
After that, we plan to be flexible about it.  If we can afford our current life, then we'll stay put long term.
And if we suffer a big sequence of returns disaster, then it's time to be creative ;)

Teaching seems very appealing, but opportunities seem hard to come by. 
I heard the local districts prefer hiring NCGs over techies on their second careers.

It's great that you guys can be flexible! I've reached a point that I just want out so I guess we need to start to be creative. :-/ Mr. P is really interested in teaching and reports say there's a shortage of (STEM) teachers in the area. We figured it wouldn't hurt to give it a shot. We'll see if it pans out in the next year or two before I stop working or our reserve runs out.
Title: Re: Target FIRE: 2017
Post by: Mrs. Pomodoro on June 24, 2016, 03:03:00 AM
Adding RedmondStash to the list!

MrsWhipple        January 1, 2017
RedmondStash   January 1, 2017
FIRE me            January 3, 2017
Zineth               January 17, 2017
Myhotrs             March 31, 2017
oblivion             March 31, 2017
MandyM            May 1, 2017
Mrs. Pomodoro   May 1, 2017
Rachael             May 21, 2017
Jack06              June 1, 2017
Fairviewite         June 1, 2017
Freedom17        June 1, 2017
Romag              June 1, 2017
SwordGuy          June 6, 2017
Zephyr911         June 15, 2017
Cookie78           August 3, 2017
Jojo                  November 9, 2017
Jim2001            December 31, 2017
noble_goal         OMY
Title: Re: Target FIRE: 2017
Post by: Cookie78 on June 24, 2016, 08:40:28 AM
I don't know how all of you pick such precise dates with such confidence. It seems like our FI status fluctuates with every hiccup of the stock market.

My precise date is only a target date at this point. I had to choose a day to work towards, and I'm counting down the days (405) and weeks (58) until that day as if it were a sure thing, but I know in the back of my mind that it's still flexible. A lot of things have to work out properly for me to be able to FIRE by then (the biggest one being selling at least 1 house) and other things may happen that allow me to FIRE even sooner. My exact net worth at my FIRE date is somewhat important in my case, but my plan is to just make do with what I have by then.

Having a precise date is only a result of needing a precise date, not a result of being absolutely certain of my net worth at that point.
Title: Re: Target FIRE: 2017
Post by: zephyr911 on June 24, 2016, 08:43:04 AM
I don't know how all of you pick such precise dates with such confidence. It seems like our FI status fluctuates with every hiccup of the stock market.
My safety margin lies in the diverse income streams I've been building, not in the size of the Stash. In fact, I don't plan on touching IRAs or TSP for decades - if I pull off what I hope to do with real estate, they'll just compound indefinitely until I ball it all up and give it away.
On the downside, I won't be 100% retired, just cutting my workload by 80-90%.
Title: Re: Target FIRE: 2017
Post by: boarder42 on June 24, 2016, 09:55:39 AM
Nice, FIRE me, it's really not too far away. It's becoming real.

jack06,
Yes, it would be very unfortunate to start retirement only to be greeted by a big drop in the market. I think that is in the back of everyone's mind. Do you have GO/NO GO criteria in place for your retirement date? I'm still working out the NO GO/postponing criteria myself. 

It's good that you've got a good back up plan that you are not only comfortable with, but that is actually proven. Where do you keep the provision?

Here are some other gaps that I'm currently working on:

Gap #1 - Actual expenses. I've been expatriated / deployed since 2008 so I won't know my actual monthly expenses until I move back to the US next year. As a single guy I'm proposing 2k per month.

Gap #2 - Financial Readiness. I've actually gotta reach 800k, but I'm on track.

Gap #3 - Mental Readiness. Leaving a cash fire hose is going against the grain, and I need to ensure I've got all my bases covered e.g. these gaps.

Gap #4 - Health Insurance. While not a big deal, I haven't looked into it much... yet. There's plenty of resources available when the time comes.

Gap #5 - Personal liability insurance? I was browsing one users blog, the older gentleman with the avatar of a hiker, I forget it at the moment but it will come to me. He mentioned umbrella insurance and protecting his stash, and yes, the last thing I need is to get sued and lose my FI.

you should look at the shiller PE MadFientist wrote a blog post on its direct relation to SWRs. and it was based on Kitces post a well respected financial guru - after this drop today we're sitting at

0.038852011


http://www.madfientist.com/safe-withdrawal-rate/

his calc he updates every so often

https://lab.madfientist.com/calculators/safe_withdrawal
Title: Re: Target FIRE: 2017
Post by: Mrs. Pomodoro on June 24, 2016, 12:46:13 PM
Having a precise date is only a result of needing a precise date, not a result of being absolutely certain of my net worth at that point.

That! Only took me almost 2 years to realize it.
Title: Re: Target FIRE: 2017
Post by: RedmondStash on June 24, 2016, 05:33:04 PM
Having a precise date is only a result of needing a precise date, not a result of being absolutely certain of my net worth at that point.

That! Only took me almost 2 years to realize it.

Makes good sense. And here I thought I was the only one who didn't have everything planned down to the minute and the cent. :)

Good luck to us all!
Title: Re: Target FIRE: 2017
Post by: Freedom17 on June 24, 2016, 06:52:03 PM
I think we're all in that boat. As long as you have enough flexibility in you plans, both in terms of safety margin, ability to earn extra on the side and/or ability to adjust living expenses I think it's fine. Things will continue to change even after we FIRE.
Title: Re: Target FIRE: 2017
Post by: Freedom17 on June 25, 2016, 10:46:23 PM
49 weeks to go! Its getting exciting!

Have a great week everyone.
Title: Re: Target FIRE: 2017
Post by: myhotrs on June 26, 2016, 05:47:55 PM
I'm at almost exactly 9 months to FIRE and its getting real. Like scary real. I understand OMY now. What will I draw first, how many years will that last, what happens when I eat my taxable brokerage account, what happens if I need to work in 7 years, what if side-hustle fails, what will our Obamacare look like...
Title: Re: Target FIRE: 2017
Post by: Lnspilot on June 26, 2016, 08:24:45 PM
You know what, myhotrs?

This too shall pass.

Back in March I returned to the US after eight years abroad. I was FI by then, but a stateside opportunity came up and I snatched it with the quickness. Why not pad the stash? But, what if this Brexit totally f's my sequence of returns risk? What if my projected spend rate is too low? What if...

I could play the what if game forever. Anyone can.

But it's gotten to the point of knowing that you're there, and the What If's slowly start to turn sour. For me, it's been going from "what if", to "f-ck this!"


F-ck this, I don't want to get up at 4:40am tomorrow morning. Why not have a beer tonight, and then wake up without and alarm and go trail running instead?!

Why not forsake the gas pump and 35 minute commute for a bike ride to bask in the shade of summer? That gets me ahead monetarily and satisfactorily.

You all know exactly what I mean.

But of course, all bark, no bite. I'll wake my ass up tomorrow at 4:40am and hit the highway at 5 to go to a job I'm burnt out at. OMY is a curable disease, it's just a mother-f-cker of one.

I wish you the best.


Nick
Title: Re: Target FIRE: 2017
Post by: FIRE me on June 26, 2016, 08:53:38 PM
I'm at almost exactly 9 months to FIRE and its getting real. Like scary real. I understand OMY now. What will I draw first, how many years will that last, what happens when I eat my taxable brokerage account, what happens if I need to work in 7 years, what if side-hustle fails, what will our Obamacare look like...

I know what you mean. I hit my number – plus an extra 20k to have a garage built – around the end of April.

When I was a few years out, I swore to myself that I would not work even one extra day. But here I am, maybe not quite OMY, but eight more months (now down to six months!) to add even more safety margin for what ifs, and against any unfortunate luck.

I am also very nervous about this election. I don't like Hillary, but I sure don't want Trump getting in and destroying Obamacare.
Title: Re: Target FIRE: 2017
Post by: Mrs. Pomodoro on June 27, 2016, 03:55:51 PM
I'm at almost exactly 9 months to FIRE and its getting real. Like scary real. I understand OMY now. What will I draw first, how many years will that last, what happens when I eat my taxable brokerage account, what happens if I need to work in 7 years, what if side-hustle fails, what will our Obamacare look like...

I feel the same way after just committed to pulling the plug. Had a mini-breakdown last night thinking not having a steady salary seems like a pretty bad idea... until I come to work on Monday. Maybe I was just mis-interpreting my usual Sunday dread?

While lying sleepless last night I came up with a few points to counter my doubts:


Now I just need to remember all this next time I'm panicking. Hopefully it'll get better as I work on the what-if scenarios. We'll get there!
Title: Re: Target FIRE: 2017
Post by: Jim2001 on July 02, 2016, 01:07:51 PM
Checkpoint: 39 pay checks left to earn. 

My wife laughed at me when I started counting at 52.  This week when she heard that it's down to the 30's, she said "really?!?".  She's got quite a few more years to go, but is totally supportive of me checking out early, saying "you've earned it".  On Thursday, I reached the 36th anniversary of starting my first real job (not counting yard work, throwing the local paper, collecting bottles, etc.)

But, like Myhotrs and Mrs. P, I've recently been afflicted with thoughts that One More Year would enable a nice cushion in the 'stache.  So, instead of that, I applied for two refi's this week.  On our house, the current note is a great rate at 4.25% on a 30 year fixed loan, but rates dropped to 3.5%.  So, I pulled the trigger and locked in yesterday.  And, I figured it's the same paperwork, so I also locked in a refi on one of the rentals, dropping that from 5% to 4.375%.  This will improve the cash flow by more than $300 per month.  At a 4% withdrawal rate, that's the equivalent of a $90K pad in the 'stache!


Title: Re: Target FIRE: 2017
Post by: myhotrs on July 02, 2016, 10:03:10 PM
Did my quarterly new worth update and am very happy with the outcome. Another solid q and I think the last Q will be all padding. Hope I can stand my job that long. I've already volunteered for any layoffs, but none are forthcoming :(
Title: Re: Target FIRE: 2017
Post by: Mrs. Pomodoro on July 03, 2016, 02:14:04 AM
That's awesome, Jim! You just saved yourself one more year! :D

Title: Re: Target FIRE: 2017
Post by: FIRE me on July 04, 2016, 07:13:12 PM
Did my quarterly new worth update and am very happy with the outcome. Another solid q and I think the last Q will be all padding. Hope I can stand my job that long. I've already volunteered for any layoffs, but none are forthcoming :(

You could misbehave and volunteer for a firing.   >:-)
Title: Re: Target FIRE: 2017
Post by: SwordGuy on July 04, 2016, 10:35:31 PM
I'm becoming less and less willing to put up with passive aggressive bullshit at work.

If the next two months go well I may advance to the tail end of the 2016 cohort.

Here's why:

"No, you can't use this trash can in the room any more.   You have to have your own."

I just put soda cans in it.  How is that a problem?

"It's because they don't think you pull your weight when we all do the cleaning once a week."

I used to take the long walk to another building, in the hot sun or cold wind or rain to get really large cartons of toilet paper for the bathrooms.
Now I don't "because no one notices you do that."    Enjoy wiping your ass with your hand, because no one else has been keeping the bathrooms stocked up now that I don't.  I bring my own roll now when supplies get low.

"We don't like it that you aren't emptying your personal trash can every day."

Why the hell would I empty it every day?   It just has soda cans and, occasionally, some pistachio shells in it.  I empty it when it's full.

The damned personal trash can is going back to supply.   I will use the public trash can.   They can fire me about it if they want.   The unemployment insurance means I can retire 11 months earlier than planned.   Go ahead, make my day.



Title: Re: Target FIRE: 2017
Post by: Freedom17 on July 05, 2016, 07:49:15 AM
Wait what.  Is this a college share house or a workplace. This sounds really weird, like a hostile work environment even. Is your manager and HR aware of this?
Title: Re: Target FIRE: 2017
Post by: myhotrs on July 05, 2016, 03:11:22 PM
Did my quarterly new worth update and am very happy with the outcome. Another solid q and I think the last Q will be all padding. Hope I can stand my job that long. I've already volunteered for any layoffs, but none are forthcoming :(

You could misbehave and volunteer for a firing.   >:-)

That's basically what I'm doing. But in the mega-corp I work at once they put someone on a Performance Improvement Plan, its six months until anything can happen. So there isn't much benefit to me and those on PIP's are not bonus eligible, so that would suck pretty bad. But given my attitude at work, they will probably take it out of my hands.

I guess I could do something that would result in immediate firing, but I don't really want to be known as a molester.
Title: Re: Target FIRE: 2017
Post by: SwordGuy on July 05, 2016, 05:15:11 PM
Wait what.  Is this a college share house or a workplace. This sounds really weird, like a hostile work environment even. Is your manager and HR aware of this?

It's a contractor position for the government.  I am just an expendable cog who fills out a timesheet.

There's a surprising amount of crazy stuff like this in some government communities.   Never had a lick of a problem in the corporate world.

6 to 11 months and I'm done, so I'm past caring about it enough to fight it actively.  Couldn't win that fight anyway, only in fairy tales is the little boy who said the emperor has no clothes considered a hero.
Title: Re: Target FIRE: 2017
Post by: easypeasy on July 10, 2016, 02:45:08 PM
Hi Folks,

Just discovered this thread! I'm planning to FIRE around March 1, 2017 and move from NYC to Minneapolis with DH and our young son in April (I'll be 35). I guess this translates to 14 more paychecks, gulp.

I wanted to mention that after a couple of years of anxiety about FI I recently read JH Collins' book A Simple Path to Wealth and I found it to be a very reassuring sense check on all things FI. 
Title: Re: Target FIRE: 2017
Post by: rachael talcott on July 10, 2016, 08:05:26 PM
Hi Folks,

Just discovered this thread! I'm planning to FIRE around March 1, 2017 and move from NYC to Minneapolis with DH and our young son in April (I'll be 35). I guess this translates to 14 more paychecks, gulp.

I wanted to mention that after a couple of years of anxiety about FI I recently read JH Collins' book A Simple Path to Wealth and I found it to be a very reassuring sense check on all things FI.

Welcome, easypeasy.  Come on in. The water's fine!
Title: Re: Target FIRE: 2017
Post by: Romag on July 12, 2016, 06:10:05 PM
Bye everybody! I'm moving up to 2016. Just found out my government contract position will not be renewed, so I am done working on September 26, and will start living the FIRE life.
No big surprise, I was planning to work until June 2017. No change to my math either, I've been FI since I started collecting my military pension.
Quite sure I am ready - I was pretty happy when I got the news.
Title: Re: Target FIRE: 2017
Post by: SwordGuy on July 12, 2016, 07:35:42 PM
Congrats, Romag!
Title: Re: Target FIRE: 2017
Post by: Jim2001 on July 12, 2016, 07:58:30 PM
Bye everybody! I'm moving up to 2016. Just found out my government contract position will not be renewed, so I am done working on September 26, and will start living the FIRE life.
No big surprise, I was planning to work until June 2017. No change to my math either, I've been FI since I started collecting my military pension.
Quite sure I am ready - I was pretty happy when I got the news.

We'll miss you. Come back and visit to tell us how wonderful FIRE is!  Oh, wait, it's only a different thread...;)

Thank you for your service and congratulations!
Title: Re: Target FIRE: 2017
Post by: zinethstache on July 12, 2016, 09:13:07 PM
Congrats Romag! I may or may not follow you into 2016, we will see:)

I've been down and out from planned hands surgery, so havent been able to update much.

Status:


Talk about minimalist. We downsized from 1/2 acre, 2200sf, 3 car garage and big shed to a 350sf 28.5 ft long Fifth Wheel trailer. We are staying on my mom's land while I work. We will pay $200 plus electric (she has a 2nd service at her barn so we can see exactly what we use).

The purging of stuff was overwhelming. There was quite a bit to keep. Tools and equipment we use in the maintenance of our rentals, kitchen, business supplies. We did purge almost all our furniture, our piano, sporting goods, weights etc. and TONS of clothing.

I still plan to work through the end of the year in order to qualify for the annual performance bonus. I don't get to slack off to earn it, I must work hard and stay on my game for the rest of the year.

ACK! That last one is the one that will drive me to the FIRE class of 2016!
Title: Re: Target FIRE: 2017
Post by: myhotrs on July 12, 2016, 11:27:51 PM
Congrats Romag!! Awesome to see folks from out group pulling the trigger and living FIRE! Looking forward to more of us FIRIng
Title: Re: Target FIRE: 2017
Post by: RedmondStash on July 14, 2016, 08:13:52 AM
Congrats, Romag! That's exciting. I hope you enjoy your FIRE life.

I'm going to do the opposite and extend my projected working life by probably about 6 months. New tentative FIRE date is 6/30/17, because spouse's freelance contract was extended from end of 2016 until end of next June, and I figure it's better if we both keep dumping money into investments together. So a sort of combo of OMY and solidarity.

Of course, either or both of us could change our minds and FIRE sooner -- another year seems like a lot longer than the 5-ish months we would have had left -- but I sort of like the idea of aiming for next June and keeping the option of leaving sooner in my back pocket.
Title: Re: Target FIRE: 2017
Post by: MandyM on July 14, 2016, 12:37:16 PM
Congrats, Romag! I'm green with envy over here...I've been burned out for the last...2 months, maybe? I keep thinking this will pass, but so far it hasn't. I'm seriously considering talking to my boss about cutting my hours to 32/week, so 4 days a week.
Title: Re: Target FIRE: 2017
Post by: myhotrs on July 15, 2016, 02:13:04 PM
MandyM, getting close has only made my burnout worse. I'm already on 4 day weeks, sometimes 3 days and its still a struggle to give a shit about corporate policies and our whiny, I NEED THIS NOW customers.
Title: Re: Target FIRE: 2017
Post by: MandyM on July 15, 2016, 02:29:41 PM
myhotrs, that is terrible news! I can only hope that shorter hours will help me, despite your experience. Although, your post does make me think that perhaps I should just keep pushing through. If I'm going to be burned out regardless, at least I can maximize my savings. This will be quite the ponder.
Title: Re: Target FIRE: 2017
Post by: JoJo on July 16, 2016, 11:37:07 AM
I'm moving up my date!  I will probably be totally done by early August (as opposed to early November).  Still have to work out the details as the date arrives, but I'm hoping now to fly to Spain and do the Camino de Santiago and see a bit of Portugal & Spain, followed by a year or so in Africa.

I need to kick my self in the butt and start completing my to do list that I would like complete by the end of next March, so I will list things here with updates for motivation:
* Write my will
* Have a physical - want to make sure I'm healthy before I go abroad.
* Consolidate all of my Roth IRAs
* Get a new bank account that makes it easier & cheaper to bank abroad
* Decide to put my house on market - either sell or rent out, if renting need to find a good manager - this needs to wait until 2017
* De-clutter my house  (as of 7/16 have gotten rid of 2 car loads of stuff and started stockpiling more to go in my living room)
* Lose 117 pounds (as of 7/16 have lost 65 lbs - or 55.5% of the goal)
* Finish planning for a few more trips
* Book the first part of the Africa trip
* In 2017 after quit - transfer my HSA
Title: Re: Target FIRE: 2017
Post by: Freedom17 on July 16, 2016, 02:44:41 PM
Congrats on the weight loss. That's a substantial amount! Great to see your priorities are in the right order!
Title: Re: Target FIRE: 2017
Post by: Jim2001 on July 16, 2016, 02:48:58 PM
Congrats JoJo on moving the date!

Tick, tock.  Tick, tock.  Paycheck #39 came in this week, only 38 left to earn. 

The refinance of the home and a rental are underway and the broker said both packages went to underwriting this week.  He also said that once they've been approved, we'll re-check rates and ask to reset the lock if they have dropped.

Friday I started the transition of my current project to a new manager and on Monday I will start part time at a new client until the transition is complete.  So, for four weeks I'll juggle between the two.  The new  commute will be 22.8 miles each way, which is down from 62.5.  It's about a third of the distance, but will only cut my commute time in about half due to traffic patterns (it's on the way, so I've been able to time it.)  The new project is scheduled for 13 months, which will get me very close to the end goal of FIRE in December 2017.  Maybe it will run long.  Maybe I'll fire in the fall of 2017.  Tick, tock.  Tick, tock.  We'll see how it goes.

Title: Re: Target FIRE: 2017
Post by: boarder42 on July 24, 2016, 01:07:31 PM
I'm moving up my date!  I will probably be totally done by early August (as opposed to early November).  Still have to work out the details as the date arrives, but I'm hoping now to fly to Spain and do the Camino de Santiago and see a bit of Portugal & Spain, followed by a year or so in Africa.

I need to kick my self in the butt and start completing my to do list that I would like complete by the end of next March, so I will list things here with updates for motivation:
* Write my will
* Have a physical - want to make sure I'm healthy before I go abroad.
* Consolidate all of my Roth IRAs
* Get a new bank account that makes it easier & cheaper to bank abroad
* Decide to put my house on market - either sell or rent out, if renting need to find a good manager - this needs to wait until 2017
* De-clutter my house  (as of 7/16 have gotten rid of 2 car loads of stuff and started stockpiling more to go in my living room)
* Lose 117 pounds (as of 7/16 have lost 65 lbs - or 55.5% of the goal)
* Finish planning for a few more trips
* Book the first part of the Africa trip
* In 2017 after quit - transfer my HSA

Few things
1. Look up ars post on the Camino and maybe pm him he just did it I'm sure he has some advice and tips for what he may do differently if he were to do it again. Or can't miss things along it.
2. Do you not get physicals annually ?
Title: Re: Target FIRE: 2017
Post by: JoJo on July 25, 2016, 09:24:50 AM

Few things
1. Look up ars post on the Camino and maybe pm him he just did it I'm sure he has some advice and tips for what he may do differently if he were to do it again. Or can't miss things along it.
2. Do you not get physicals annually ?

2 - usually I do but last year I just did the full blood work, BP & weight at our at work screening and all the blood work came back really good so didn't do it.  So I want to do everything this year, including mammogram.
Title: Re: Target FIRE: 2017
Post by: MarciaB on August 01, 2016, 05:09:56 PM
I'm in!

Announced to boss and staff today that I am retiring at the end of January 2017.

FIR here I come!

(And yes, that's "FIR" because at my age (55) I can't claim the "E" unlike many of you whippersnappers.)

So happy to be on the path...
Title: Re: Target FIRE: 2017
Post by: Freedom17 on August 01, 2016, 05:11:20 PM
Welcome and congratulations!
Title: Re: Target FIRE: 2017
Post by: MarciaB on August 01, 2016, 05:14:57 PM
Adding myself to the list (that I think is the most recent):

MrsWhipple        January 1, 2017
RedmondStash   January 1, 2017
FIRE me            January 3, 2017
Zineth               January 17, 2017
MarciaB             January 31, 2017
Myhotrs             March 31, 2017
oblivion             March 31, 2017
MandyM            May 1, 2017
Mrs. Pomodoro   May 1, 2017
Rachael             May 21, 2017
Jack06              June 1, 2017
Fairviewite         June 1, 2017
Freedom17        June 1, 2017
Romag              June 1, 2017
SwordGuy          June 6, 2017
Zephyr911         June 15, 2017
Cookie78           August 3, 2017
Jojo                  November 9, 2017
Jim2001            December 31, 2017
noble_goal         OMY
Title: Re: Target FIRE: 2017
Post by: RedmondStash on August 01, 2016, 05:20:16 PM
Adding myself to the list (that I think is the most recent):

MrsWhipple        January 1, 2017
RedmondStash   January 1, 2017
FIRE me            January 3, 2017
Zineth               January 17, 2017
MarciaB             January 31, 2017
Myhotrs             March 31, 2017
oblivion             March 31, 2017
MandyM            May 1, 2017
Mrs. Pomodoro   May 1, 2017
Rachael             May 21, 2017
Jack06              June 1, 2017
Fairviewite         June 1, 2017
Freedom17        June 1, 2017
Romag              June 1, 2017
SwordGuy          June 6, 2017
Zephyr911         June 15, 2017
Cookie78           August 3, 2017
Jojo                  November 9, 2017
Jim2001            December 31, 2017
noble_goal         OMY

Thanks for putting this together, MarciaB. At the risk of OMY (or SMM, six more months) syndrome, I'm pushing my target date out to 6/30/17, because spouse's freelance contract was extended to then. Weirdly, it's easier to think about another year or so than 5 more months. I get impatient when it seems like it's right around the corner; I just want to do it NOW. It's a psychological thing, especially because I can still pull the trigger sooner.

Good luck to us all!
Title: Re: Target FIRE: 2017
Post by: Freedom17 on August 01, 2016, 06:44:04 PM
While we are confessing I should admit I'm pushing my date out by 2 months back to my original date. On the plus side I'm booking a flight to my retirement city tonight, which will help cement the date :)

MrsWhipple        January 1, 2017
FIRE me            January 3, 2017
Zineth               January 17, 2017
MarciaB             January 31, 2017
Myhotrs             March 31, 2017
oblivion             March 31, 2017
MandyM            May 1, 2017
Mrs. Pomodoro   May 1, 2017
Rachael             May 21, 2017
Jack06              June 1, 2017
Fairviewite         June 1, 2017
Romag              June 1, 2017
SwordGuy          June 6, 2017
Zephyr911         June 15, 2017
RedmondStash   June 30, 2017
Freedom17        July 31, 2017
Cookie78           August 3, 2017
Jojo                  November 9, 2017
Jim2001            December 31, 2017
noble_goal         OMY
Title: Re: Target FIRE: 2017
Post by: Mrs. Pomodoro on August 01, 2016, 07:21:15 PM
Weirdly, it's easier to think about another year or so than 5 more months. I get impatient when it seems like it's right around the corner; I just want to do it NOW. It's a psychological thing, especially because I can still pull the trigger sooner.

Good luck to us all!

Funny you should say that. I had a very strong urge this afternoon to just walk straight into my boss' office and tell him I'm done. 5 months left to 2017...
Title: Re: Target FIRE: 2017
Post by: RedmondStash on August 01, 2016, 10:38:56 PM
Weirdly, it's easier to think about another year or so than 5 more months. I get impatient when it seems like it's right around the corner; I just want to do it NOW. It's a psychological thing, especially because I can still pull the trigger sooner.

Good luck to us all!

Funny you should say that. I had a very strong urge this afternoon to just walk straight into my boss' office and tell him I'm done. 5 months left to 2017...

I really do find that telling myself it's a year or so away helps me relax more. It's not right around the corner. Maybe I just can't count as high as 12 (months), so it goes back to being basically indefinite.

If you do follow that urge, I wish you the very best of luck. :)
Title: Re: Target FIRE: 2017
Post by: JoJo on August 02, 2016, 09:25:04 AM
Time for an update:
The plans are starting to solidify - I've thought thru alot in the last 3 weeks.  Still have to work out the details as the date arrives but might retire in late April.  I'm hoping now to fly to Spain and do the Camino de Santiago in May-June and and see a bit of Portugal & Spain, then come back to the US for a couple months and spend time with family, followed by a year or so in Africa starting in November. 

I need to kick my self in the butt and start completing my to do list that I would like complete by the end of next March, so I will list things here with updates for motivation:
* Write my will - as of 8/2 it's written.  I need to set up an appointment for signing & notarization.
* Have a physical - want to make sure I'm healthy before I go abroad.
* Consolidate all of my Roth IRAs
* Get a new bank account that makes it easier & cheaper to bank abroad.  Thinking about Schwab?
* Decide to put my house on market - either sell or rent out, if renting need to find a good manager - this needs to wait until 2017.  As of 8/2 leaning towards keeping it - found out my neighbor is getting $2400 in rent so I'd net $1200 per month even after paying top dollar for management.
* De-clutter my house  (as of 7/16 have gotten rid of 2 car loads of stuff and started stockpiling more to go in my living room.  As of 8/2 gotten rid of about 50 lbs of books, have reduced my wardrobe by 10 more bags of clothes.
* Lose 117 pounds (as of 8/2 have lost 74 lbs - or 63.2% of the goal)
* Finish planning for a few more trips (as of 8/2 have fully planned & reserved my September trip to Vancouver Island and starting to think about November trip to Cuba)
* Book the first part of the Africa trip - will do this before the end of the year.
* In 2017 after quit - transfer my HSA
* Need to make a number of house repairs - fix one wall heater, replace garbage disposal, fix fan in the bathroom.  Might wait until 2017 because maybe can write it off if there's rental income that year.
Title: Re: Target FIRE: 2017
Post by: Cookie78 on August 02, 2016, 10:35:30 AM
Time for an update:
The plans are starting to solidify - I've thought thru alot in the last 3 weeks.  Still have to work out the details as the date arrives but might retire in late April.  I'm hoping now to fly to Spain and do the Camino de Santiago in May-June and and see a bit of Portugal & Spain, then come back to the US for a couple months and spend time with family, followed by a year or so in Africa starting in November. 

I need to kick my self in the butt and start completing my to do list that I would like complete by the end of next March, so I will list things here with updates for motivation:
* Write my will - as of 8/2 it's written.  I need to set up an appointment for signing & notarization.
* Have a physical - want to make sure I'm healthy before I go abroad.
* Consolidate all of my Roth IRAs
* Get a new bank account that makes it easier & cheaper to bank abroad.  Thinking about Schwab?
* Decide to put my house on market - either sell or rent out, if renting need to find a good manager - this needs to wait until 2017.  As of 8/2 leaning towards keeping it - found out my neighbor is getting $2400 in rent so I'd net $1200 per month even after paying top dollar for management.
* De-clutter my house  (as of 7/16 have gotten rid of 2 car loads of stuff and started stockpiling more to go in my living room.  As of 8/2 gotten rid of about 50 lbs of books, have reduced my wardrobe by 10 more bags of clothes.
* Lose 117 pounds (as of 8/2 have lost 74 lbs - or 63.2% of the goal)
* Finish planning for a few more trips (as of 8/2 have fully planned & reserved my September trip to Vancouver Island and starting to think about November trip to Cuba)
* Book the first part of the Africa trip - will do this before the end of the year.
* In 2017 after quit - transfer my HSA
* Need to make a number of house repairs - fix one wall heater, replace garbage disposal, fix fan in the bathroom.  Might wait until 2017 because maybe can write it off if there's rental income that year.

Awesome plan!
I need to sit down and write out my to do pre-FIRE list too. Right now I'm busy working on my house/yard improvement list so that I can sell it when the time comes. But I should make an everything I need to do before FIRE list like yours.


As for when my FIRE date is I've been wavering a lot on that lately. I was always astounded at the OMY decision so many people make. 'I would NEVER do that!' And now that I have 1 year and 1 day remaining, I'm wondering if that's enough time to get my shit together!

A lot of my problem picking a date is that I absolutely need to sell my rental house first, and the real estate market here is very unstable. I was hoping that by early 2017 it would be back to normal, but at the moment that's not looking likely. In addition, things with my houses are going rather swimmingly at the moment with good tenants, few issues, covering costs with a little extra each month, and it's hard to sell and give that up, especially at a time when selling is both difficult and likely to result in lower than expected profit.

Also as I spend so much time fixing up my yard and house I keep thinking I'm going to miss it! I've put so much work into making it just the way I like and it's hard to think about leaving already. My cousin says I'll be too busy living my dream to miss the house. Mostly I will miss the yard and garden, not the actual house. And I certainly won't miss the location.

But DAMN, I want to go live my dreams and do all the things that I can't do while I'm stuck in an office! I told everyone I'd be done Aug 3, 2017 and I want to stick with it! I have big plans for the following summers and want to have some decompression time and time spent with my family before I take off on all my expeditions. I've been looking forward to tomorrow for awhile so I can start telling myself it's the last xyz day at work... but now I don't quite believe myself about my FIRE date.

I know I'm very unlikely to quit before Aug 3, 2017 and I will quit before May 10, 2018 at (almost) any cost. And I know that I can't quit before the rental house sells. But I'm unsure what to do about the time in between. Stick with it a few more months, or jump?

So class of 2017, anyone have any advice or comments? Perhaps it's not possible to make a plan until I know what's going on with the housing market.
Title: Re: Target FIRE: 2017
Post by: MarciaB on August 02, 2016, 10:37:11 AM
What happens on May 10th, 2018?
Title: Re: Target FIRE: 2017
Post by: Cookie78 on August 02, 2016, 10:46:28 AM
What happens on May 10th, 2018?

My 40th birthday!
Title: Re: Target FIRE: 2017
Post by: Charlie Foxtrot on August 02, 2016, 10:46:48 AM
Good afternoon all:

First MMM post and thanks for having me in the Class of 2017 (projected FIRE date 7.1.17)

Live in Ohio. Looking to sell house and move family (Me 41 Wife 39, and two kids 4&6) to Tucson next summer and rent based on weather and LCOL.

Heading out there with not a lot of buffer:

Roth: 100k
Traditional:530k
Taxable: 55K
Inherited: 65k
Equity from home sale: 125K
Cash: 25K

So plan on going out there spending 45K on a SWR of 5%. I will take a gap year and the wife is just getting started with wedding photography and plans to bring in another 5-10k to pad.

Thinking I will need to get the roth conversions correct to make this happen.




Title: Re: Target FIRE: 2017
Post by: MarciaB on August 02, 2016, 10:53:22 AM
Welcome CF!

I'm adding you to the list:

MrsWhipple        January 1, 2017
FIRE me            January 3, 2017
Zineth               January 17, 2017
MarciaB             January 31, 2017
Myhotrs             March 31, 2017
oblivion             March 31, 2017
MandyM            May 1, 2017
Mrs. Pomodoro   May 1, 2017
Rachael             May 21, 2017
Jack06              June 1, 2017
Fairviewite         June 1, 2017
Romag              June 1, 2017
SwordGuy          June 6, 2017
Zephyr911         June 15, 2017
RedmondStash   June 30, 2017
Charlie Foxtrot   July 1, 2017
Freedom17        July 31, 2017
Cookie78           August 3, 2017
Jojo                  November 9, 2017
Jim2001            December 31, 2017
noble_goal         OMY
Title: Re: Target FIRE: 2017
Post by: JoJo on August 02, 2016, 11:34:04 AM
MarciaB - please update my date to April 28th.  I decided to end earlier to do some travel.
Title: Re: Target FIRE: 2017
Post by: MarciaB on August 02, 2016, 11:41:53 AM
MrsWhipple        January 1, 2017
FIRE me            January 3, 2017
Zineth               January 17, 2017
MarciaB             January 31, 2017
Myhotrs             March 31, 2017
oblivion             March 31, 2017
Jojo                  April 28, 2017
MandyM            May 1, 2017
Mrs. Pomodoro   May 1, 2017
Rachael             May 21, 2017
Jack06              June 1, 2017
Fairviewite         June 1, 2017
Romag              June 1, 2017
SwordGuy          June 6, 2017
Zephyr911         June 15, 2017
RedmondStash   June 30, 2017
Charlie Foxtrot   July 1, 2017
Freedom17        July 31, 2017
Cookie78           August 3, 2017
Jim2001            December 31, 2017
noble_goal         OMY
Title: Re: Target FIRE: 2017
Post by: Cookie78 on August 02, 2016, 11:54:06 AM
<snip>
So class of 2017, anyone have any advice or comments? Perhaps it's not possible to make a plan until I know what's going on with the housing market.

So after reading all the updates in the Class of 2015 thread I'm inspired.

I think
1- The housing market won't continue to drop enough to make a huge difference to me
2- I won't miss my house/yard once I'm off living my dream
3- I recently discovered a really awesome fun seasonal side gig job that I would LOVE to do that would provide a little extra income if and when I want it.

Aug 3, 2017 here I come!

...see what I mean about wavering? lol
Title: Re: Target FIRE: 2017
Post by: MandyM on August 02, 2016, 01:14:27 PM
Time for an update:
The plans are starting to solidify - I've thought thru alot in the last 3 weeks.  Still have to work out the details as the date arrives but might retire in late April.  I'm hoping now to fly to Spain and do the Camino de Santiago in May-June and and see a bit of Portugal & Spain, then come back to the US for a couple months and spend time with family, followed by a year or so in Africa starting in November. 

I need to kick my self in the butt and start completing my to do list that I would like complete by the end of next March, so I will list things here with updates for motivation:
* Write my will - as of 8/2 it's written.  I need to set up an appointment for signing & notarization.
* Have a physical - want to make sure I'm healthy before I go abroad.
* Consolidate all of my Roth IRAs
* Get a new bank account that makes it easier & cheaper to bank abroad.  Thinking about Schwab?
* Decide to put my house on market - either sell or rent out, if renting need to find a good manager - this needs to wait until 2017.  As of 8/2 leaning towards keeping it - found out my neighbor is getting $2400 in rent so I'd net $1200 per month even after paying top dollar for management.
* De-clutter my house  (as of 7/16 have gotten rid of 2 car loads of stuff and started stockpiling more to go in my living room.  As of 8/2 gotten rid of about 50 lbs of books, have reduced my wardrobe by 10 more bags of clothes.
* Lose 117 pounds (as of 8/2 have lost 74 lbs - or 63.2% of the goal)
* Finish planning for a few more trips (as of 8/2 have fully planned & reserved my September trip to Vancouver Island and starting to think about November trip to Cuba)
* Book the first part of the Africa trip - will do this before the end of the year.
* In 2017 after quit - transfer my HSA
* Need to make a number of house repairs - fix one wall heater, replace garbage disposal, fix fan in the bathroom.  Might wait until 2017 because maybe can write it off if there's rental income that year.

Great list JoJo, and amazing progress so far. I definitely need to make a pre-FIRE list...although I'm a little afraid of how daunting it will be. And then I kick myself for being afraid of preparing for FIRE.
Title: Re: Target FIRE: 2017
Post by: UnleashHell on August 02, 2016, 01:33:02 PM
Hi kids!
make room for me.

was aiming for end of July 2017 but the 31st is a monday. So I've picked the 28th so I have one less weekend trashed!!

24 paydays to go....

unless I just walk.....
Title: Re: Target FIRE: 2017
Post by: MarciaB on August 02, 2016, 01:40:21 PM
Add yourself to the list! Just copy it, plug yourself in...and post!

Congrats by the way.
Title: Re: Target FIRE: 2017
Post by: UnleashHell on August 02, 2016, 02:44:37 PM
MrsWhipple        January 1, 2017
FIRE me            January 3, 2017
Zineth               January 17, 2017
MarciaB             January 31, 2017
Myhotrs             March 31, 2017
oblivion             March 31, 2017
Jojo                  April 28, 2017
MandyM            May 1, 2017
Mrs. Pomodoro   May 1, 2017
Rachael             May 21, 2017
Jack06              June 1, 2017
Fairviewite         June 1, 2017
Romag              June 1, 2017
SwordGuy          June 6, 2017
Zephyr911         June 15, 2017
RedmondStash   June 30, 2017
Charlie Foxtrot   July 1, 2017
UnleashHell         July 28, 2017 
Freedom17        July 31, 2017
Cookie78           August 3, 2017
Jim2001            December 31, 2017
noble_goal         OMY
Title: Re: Target FIRE: 2017
Post by: Freedom17 on August 04, 2016, 12:04:14 AM
We booked our one way tickets this evening for July 28 with frequent flyer miles. It's starting to feel close now!

MrsWhipple        January 1, 2017
FIRE me            January 3, 2017
Zineth               January 17, 2017
MarciaB             January 31, 2017
Myhotrs             March 31, 2017
oblivion             March 31, 2017
Jojo                  April 28, 2017
MandyM            May 1, 2017
Mrs. Pomodoro   May 1, 2017
Rachael             May 21, 2017
Jack06              June 1, 2017
Fairviewite         June 1, 2017
Romag              June 1, 2017
SwordGuy          June 6, 2017
Zephyr911         June 15, 2017
RedmondStash   June 30, 2017
Charlie Foxtrot   July 1, 2017
Freedom17        July 28, 2017
UnleashHell         July 28, 2017 
Cookie78           August 3, 2017
Jim2001            December 31, 2017
noble_goal         OMY
Title: Re: Target FIRE: 2017
Post by: JoJo on August 04, 2016, 09:27:49 AM
Freedom17 - where are you going with your 1 way ticket and what are your plans?
Title: Re: Target FIRE: 2017
Post by: Freedom17 on August 04, 2016, 07:22:23 PM
Off to Hong Kong. Not exactly the capital of mustachianism but it's my wife's home country and I was really happy when we lived there.

Check out our journal if you're interested in hearing more about our plans:

http://forum.mrmoneymustache.com/journals/fire-in-2017-destination-hong-kong/
Title: Re: Target FIRE: 2017
Post by: zephyr911 on August 10, 2016, 01:30:15 PM
!@#$%^&*(*&^%$%%^& this week.

After this morning's meeting I told DW I'm bumping it up by one quarter. I'm not even sure if I can get there, but probably.

I'm courting a large investor for my current rental startup... if they kick in what they're supposedly willing to, the commissions alone from investing all that cash into our market would get me past the goal line. But I can't count it all yet, and I'm not that fed up... just getting there faster than expected.
Title: Re: Target FIRE: 2017
Post by: Freedom17 on August 10, 2016, 07:50:14 PM
!@#$%^&*(*&^%$%%^& this week.

After this morning's meeting I told DW I'm bumping it up by one quarter. I'm not even sure if I can get there, but probably.

I'm courting a large investor for my current rental startup... if they kick in what they're supposedly willing to, the commissions alone from investing all that cash into our market would get me past the goal line. But I can't count it all yet, and I'm not that fed up... just getting there faster than expected.

Hang in there Zephyr. I'm having one of those weeks as well. I think there's something that happens as you start to detach from work and become more zen about things. From that point interacting with people that are still fully plugged in to the matrix becomes much more painful.
Title: Re: Target FIRE: 2017
Post by: zephyr911 on August 10, 2016, 08:59:42 PM
On the plus side, I'm off the next five days!
I never know whether it will refresh me or increase my frustration with the grind, until after I get back. Either way, all things work toward their end.
Title: Re: Target FIRE: 2017
Post by: RedmondStash on August 11, 2016, 10:40:01 AM
!@#$%^&*(*&^%$%%^& this week.

After this morning's meeting I told DW I'm bumping it up by one quarter. I'm not even sure if I can get there, but probably.

I'm courting a large investor for my current rental startup... if they kick in what they're supposedly willing to, the commissions alone from investing all that cash into our market would get me past the goal line. But I can't count it all yet, and I'm not that fed up... just getting there faster than expected.

Hang in there Zephyr. I'm having one of those weeks as well. I think there's something that happens as you start to detach from work and become more zen about things. From that point interacting with people that are still fully plugged in to the matrix becomes much more painful.

It's true. Especially when you see colleagues enduring lots of work pain because they don't have FU money and they can't find better jobs (yet).

I still care very much about doing a good job, but I'm finding I take the long view more and more. I won't be at this job forever. It doesn't define my entire future. That's true for everyone, but most people don't realize it while they're still in the thick of things.
Title: Re: Target FIRE: 2017
Post by: myhotrs on August 11, 2016, 11:21:52 AM
When I was pretty down at work one day, the DW set up and sent me this:

http://www.timeanddate.com/countdown/create

When I'm feeling like giving my 2 weeks I check the timer and calm down a bit, there's light at the end. 232 days left as of this morning :)


Edited to add I am in no way affiliated with this site, wife just found it on Google.
Title: Re: Target FIRE: 2017
Post by: Cherry Lane on August 14, 2016, 08:27:50 PM
A combination of Sunday Night Dread and an all-time high NW has me thinking I may have to move from 2018 to 2017.  I'm just going to lurk over here for a while while I get that figured out.
Title: Re: Target FIRE: 2017
Post by: zephyr911 on August 14, 2016, 08:57:02 PM
A combination of Sunday Night Dread and an all-time high NW has me thinking I may have to move from 2018 to 2017.  I'm just going to lurk over here for a while while I get that figured out.
Welcome. No purchase necessary. The more the merrier. :D
Title: Re: Target FIRE: 2017
Post by: MandyM on August 16, 2016, 01:55:55 PM
Mint is currently projecting that I hit my goal on June 17, 2017, which has always been on the conservative side and doesn't include a couple of larger contributions coming up (company 401K contribution hits in Sept (~8% of my salary) and annual bonus in Dec). Closing in!
Title: Re: Target FIRE: 2017
Post by: Metta on August 22, 2016, 09:29:16 AM
MrsWhipple        January 1, 2017
FIRE me            January 3, 2017
Metta.               January 3, 2017
Zineth               January 17, 2017
MarciaB             January 31, 2017
Myhotrs             March 31, 2017
oblivion             March 31, 2017
Jojo                  April 28, 2017
MandyM            May 1, 2017
Mrs. Pomodoro   May 1, 2017
Rachael             May 21, 2017
Jack06              June 1, 2017
Fairviewite         June 1, 2017
Romag              June 1, 2017
SwordGuy          June 6, 2017
Zephyr911         June 15, 2017
RedmondStash   June 30, 2017
Charlie Foxtrot   July 1, 2017
Freedom17        July 31, 2017
Cookie78           August 3, 2017
Jim2001            December 31, 2017
noble_goal         OMY

I had really hoped to be part of the Class of 2016 but my date has moved to January 3, 2017. I hope you will accept me as part of this class. We currently have enough for our needs $1,200,000 with annual expenses of $38000 to $55000. Because I will be 55 when I leave, I will get a small pension of $13000 per year for the next ten years. My husband plans to continue his job for a few more years and between my pension and his salary we believe that we will be able to live while continuing to save about 25% of our income. A few more years after that and he may choose to leave his job as well.

I'm trying to finish up a project at work, plus it is financially advantageous for me to delay my previous date (Nov 2, 2016) to Jan. 3, 2017 so I will cross the line from 2016 to 2017. I thought I might be the first in 2017 but I see Mrs. Whipple and FireMe are early in January as well.
Title: Re: Target FIRE: 2017
Post by: Cookie78 on August 22, 2016, 09:58:31 AM
I may have to drop out of the class of 2017 because last week I applied for a job that starts Aug 2017. But the job is for an astronaut for the Canadian Space Agency.... so I count that more as an EPIC ADVENTURE than a 'job'.

Tomorrow I should find out if I make the first cut and get to take the entrance exam.

I don't expect to get the position this time around, but now I'm enthralled with the idea and want to go get my scuba certification, my pilot licence, and learn Russian, so I have a better shot at it next time around! Also, because those three things sound fun in themselves. :p
Title: Re: Target FIRE: 2017
Post by: MarciaB on August 22, 2016, 10:00:02 AM
Congrats! It sounds like you've got the finances thing dialed in really well. A big enough stash plus contingency planning...good on 'ya!
Title: Re: Target FIRE: 2017
Post by: zephyr911 on August 22, 2016, 10:12:53 AM
Quote
MrsWhipple        January 1, 2017
FIRE me            January 3, 2017
Metta.               January 3, 2017
Zineth               January 17, 2017
MarciaB             January 31, 2017
Myhotrs             March 31, 2017
oblivion             March 31, 2017
Zephyr911         April 1, 2017
Jojo                  April 28, 2017
MandyM            May 1, 2017
Mrs. Pomodoro   May 1, 2017
Rachael             May 21, 2017
Jack06              June 1, 2017
Fairviewite         June 1, 2017
Romag              June 1, 2017
SwordGuy          June 6, 2017
RedmondStash   June 30, 2017
Charlie Foxtrot   July 1, 2017
Freedom17        July 31, 2017
Cookie78           August 3, 2017
Jim2001            December 31, 2017
noble_goal         OMY
Bumped myself up from 6/15/17 to 4/1/17. This is an aggressive goal but I'm not going to refer to it as a stretch. It's just what I want, at the moment, and if I just get close, that's cool. I'm going to do everything I can to hit it.
June is still my worst case, I think.
Title: Re: Target FIRE: 2017
Post by: Freedom17 on August 22, 2016, 10:18:48 AM
I may have to drop out of the class of 2017 because last week I applied for a job that starts Aug 2017. But the job is for an astronaut for the Canadian Space Agency.... so I count that more as an EPIC ADVENTURE than a 'job'.

Tomorrow I should find out if I make the first cut and get to take the entrance exam.

I don't expect to get the position this time around, but now I'm enthralled with the idea and want to go get my scuba certification, my pilot licence, and learn Russian, so I have a better shot at it next time around! Also, because those three things sound fun in themselves. :p

Haha. Awesome. I'm pretty sure that if you are FI and decide to become an astronaut it counts as a hobby / awesome adventure and not a job :)
Title: Re: Target FIRE: 2017
Post by: Cookie78 on August 22, 2016, 10:21:53 AM
I may have to drop out of the class of 2017 because last week I applied for a job that starts Aug 2017. But the job is for an astronaut for the Canadian Space Agency.... so I count that more as an EPIC ADVENTURE than a 'job'.

Tomorrow I should find out if I make the first cut and get to take the entrance exam.

I don't expect to get the position this time around, but now I'm enthralled with the idea and want to go get my scuba certification, my pilot licence, and learn Russian, so I have a better shot at it next time around! Also, because those three things sound fun in themselves. :p

Haha. Awesome. I'm pretty sure that if you are FI and decide to become an astronaut it counts as a hobby / awesome adventure and not a job :)

My thoughts exactly! :D

Title: Re: Target FIRE: 2017
Post by: MrsWhipple on August 22, 2016, 11:55:25 AM
Yeah, I would totally drop RE goals if I could be an astronaut. Congrats on the first step, Cookie!
Title: Re: Target FIRE: 2017
Post by: rahby1us on August 22, 2016, 02:11:34 PM
MrsWhipple        January 1, 2017
FIRE me            January 3, 2017
Metta.               January 3, 2017
Zineth               January 17, 2017
MarciaB             January 31, 2017
rahby1us           January 31, 2017
Myhotrs             March 31, 2017
oblivion             March 31, 2017
Zephyr911         April 1, 2017
Jojo                  April 28, 2017
MandyM            May 1, 2017
Mrs. Pomodoro   May 1, 2017
Rachael             May 21, 2017
Jack06              June 1, 2017
Fairviewite         June 1, 2017
Romag              June 1, 2017
SwordGuy          June 6, 2017
RedmondStash   June 30, 2017
Charlie Foxtrot   July 1, 2017
Freedom17        July 31, 2017
Cookie78           August 3, 2017
Jim2001            December 31, 2017
noble_goal         OMY

MarciaB - i think you picked a great day, I'm copying it! What will really make it official is cashing in some credit card points for a 2.5 months trip to the Philippines/and neighboring countries as we've planned!
Title: Re: Target FIRE: 2017
Post by: RedmondStash on August 22, 2016, 08:30:15 PM
I may have to drop out of the class of 2017 because last week I applied for a job that starts Aug 2017. But the job is for an astronaut for the Canadian Space Agency.... so I count that more as an EPIC ADVENTURE than a 'job'.

Tomorrow I should find out if I make the first cut and get to take the entrance exam.

I don't expect to get the position this time around, but now I'm enthralled with the idea and want to go get my scuba certification, my pilot licence, and learn Russian, so I have a better shot at it next time around! Also, because those three things sound fun in themselves. :p

W00t! Sounds amazing. Good luck becoming an astronaut!

I've been thinking about the things I want to learn in retirement, like how to fly a plane & helicopter. Which is expensive. So I may have to work a wee bit longer to afford to indulge my interests. We'll see.
Title: Re: Target FIRE: 2017
Post by: jack06 on August 23, 2016, 05:56:00 AM
I've been thinking about the things I want to learn in retirement, like how to fly a plane & helicopter. Which is expensive. So I may have to work a wee bit longer to afford to indulge my interests. We'll see.

I know exactly what you mean. Retiring opens a lot of doors, but SWR = limit to expenses, which close many more.
Title: Re: Target FIRE: 2017
Post by: zephyr911 on August 23, 2016, 07:14:37 AM
I've been thinking about the things I want to learn in retirement, like how to fly a plane & helicopter. Which is expensive. So I may have to work a wee bit longer to afford to indulge my interests. We'll see.

I know exactly what you mean. Retiring opens a lot of doors, but SWR = limit to expenses, which close many more.
I've already punted a few times on that, when I was having a good day at my job and felt like I didn't mind pushing FIRE out for the sake of various other goals. Lately, with morale in my division in decline, it's easy to second-guess, but I'm still generally standing by those decisions - they were all things that matter a great deal to me, and after 16 years in the workforce I think I can handle a few more months for the sake of bucket-list items.
Title: Re: Target FIRE: 2017
Post by: Cookie78 on August 23, 2016, 08:23:32 AM
I've been thinking about the things I want to learn in retirement, like how to fly a plane & helicopter. Which is expensive. So I may have to work a wee bit longer to afford to indulge my interests. We'll see.

I know exactly what you mean. Retiring opens a lot of doors, but SWR = limit to expenses, which close many more.

My thought when I have this recurring dilemma is that it shouldn't be hard to find a seasonal, part-time, temporary fun job to do if I want to come up with a few thousand extra dollars to do something fun and outside my SWR budget.

Sure, I could stay and work an extra year or two now and earn a higher rate than I would in a casual job, but then I'd miss out on some time sensitive goals, just to earn more money which I may or may not need.

Some days it's a tough call. Other days it's obvious.
Title: Re: Target FIRE: 2017
Post by: UnleashHell on August 23, 2016, 09:14:25 AM
nice job on cutting me out of that list people. do you know something that I don't?
Title: Re: Target FIRE: 2017
Post by: zephyr911 on August 23, 2016, 09:31:09 AM
nice job on cutting me out of that list people. do you know something that I don't?
Wasn't me, but I restored the last one I found for you. You're welcome. ;)

Quote
MrsWhipple        January 1, 2017
FIRE me            January 3, 2017
Metta.               January 3, 2017
Zineth               January 17, 2017
MarciaB             January 31, 2017
rahby1us           January 31, 2017
Myhotrs             March 31, 2017
oblivion             March 31, 2017
Zephyr911        April 1, 2017
Jojo                  April 28, 2017
MandyM            May 1, 2017
Mrs. Pomodoro   May 1, 2017
Rachael             May 21, 2017
Jack06              June 1, 2017
Fairviewite         June 1, 2017
Romag              June 1, 2017
SwordGuy          June 6, 2017
RedmondStash   June 30, 2017
Charlie Foxtrot   July 1, 2017
UnleashHell   July 28, 2017
Freedom17        July 31, 2017
Cookie78           August 3, 2017
Jim2001            December 31, 2017
noble_goal         OMY

Title: Re: Target FIRE: 2017
Post by: Freedom17 on August 23, 2016, 10:18:55 AM
Something weird has happened here. My date got changed as well.

MrsWhipple        January 1, 2017
FIRE me            January 3, 2017
Metta.               January 3, 2017
Zineth               January 17, 2017
MarciaB             January 31, 2017
rahby1us           January 31, 2017
Myhotrs             March 31, 2017
oblivion             March 31, 2017
Zephyr911        April 1, 2017
Jojo                  April 28, 2017
MandyM            May 1, 2017
Mrs. Pomodoro   May 1, 2017
Rachael             May 21, 2017
Jack06              June 1, 2017
Fairviewite         June 1, 2017
Romag              June 1, 2017
SwordGuy          June 6, 2017
RedmondStash   June 30, 2017
Charlie Foxtrot   July 1, 2017
Freedom17        July 28, 2017
UnleashHell       July 28, 2017
Cookie78           August 3, 2017
Jim2001            December 31, 2017
noble_goal         OMY
Title: Re: Target FIRE: 2017
Post by: zephyr911 on August 23, 2016, 01:25:08 PM
Something weird has happened here. My date got changed as well.

Editing these things can get a little tricky. Someone probably tried to update or add their own date, and something went wrong.
Title: Re: Target FIRE: 2017
Post by: UnleashHell on August 23, 2016, 02:46:47 PM
nice job on cutting me out of that list people. do you know something that I don't?
Wasn't me, but I restored the last one I found for you. You're welcome. ;)




Dammit.
I was hoping for a severance package for this year instead.
or month.

Now I have to go work.
Title: Re: Target FIRE: 2017
Post by: RedmondStash on August 24, 2016, 10:02:52 AM
I'm in the middle of a 1-week vacation. I enjoy my job and coworkers, but to my surprise, I don't miss them. Funny, because I figured I would.

I guess I really am ready for FIRE next year. Or maybe Monday. :)
Title: Re: Target FIRE: 2017
Post by: rahby1us on August 24, 2016, 01:27:48 PM
I've been thinking about the things I want to learn in retirement, like how to fly a plane & helicopter. Which is expensive. So I may have to work a wee bit longer to afford to indulge my interests. We'll see.

I know exactly what you mean. Retiring opens a lot of doors, but SWR = limit to expenses, which close many more.

My thought when I have this recurring dilemma is that it shouldn't be hard to find a seasonal, part-time, temporary fun job to do if I want to come up with a few thousand extra dollars to do something fun and outside my SWR budget.

Sure, I could stay and work an extra year or two now and earn a higher rate than I would in a casual job, but then I'd miss out on some time sensitive goals, just to earn more money which I may or may not need.

Some days it's a tough call. Other days it's obvious.

I was thinking the same, here are some of the options on our "Maybe" work list:
Build and sell furniture/repurpose things from Craigslist
wait tables/bartend/retail
revisit my 1 summer's work of commercial roofing (get tan, get fit, hard work!)
trail clearing, landscaping, mover (i think the last 4would nearly always be options but also get old fast)
geographic arbitrage
sports ref (nights probably required)
instacart, uber (don't think it's worth the miles on my car though)
summer camp (will they hire a 30 y.o+ counselor, haha)
Buy a drone and shoot for real estate or construction proj
paid research studies
theater/game ushers
valet
pet sit on a service like Fetch or Rover
Airbnb our place
coolworks.com (seasonal resort style jobs)
UPS package sorter (found elsewhere on this forum, seasonal around the holidays when we likely would never be traveling)

There are some others and i always try to keep an eye open for the "perfect retirement job" which is a bit of an oxymoron. There is no perfect job but there are a lot of good ones, like anything in life all about the tradeoffs and what works for you. Any good options from others?
Title: Re: Target FIRE: 2017
Post by: CanuckExpat on August 24, 2016, 01:35:29 PM
paid research studies

I used to do a lot of these in grad school. If you find the right one, it can be as nice as getting paid to take a nap. Sometimes there is even food involved.
I've had some good experiences and perhaps only one/two bad ones, at which point I could easily decline to participate further. It helped that I was on campus all the time, so it was easy to pick up the flyers and get on the right mailing lists.
Title: Re: Target FIRE: 2017
Post by: MandalayVA on August 24, 2016, 04:45:57 PM
Before yesterday, my FIRE date was (maybe) October 2020, when my husband will turn 65 (I will be a mere lass of 54).

Today?  Try February 20, 2017.

Yesterday I learned that my department, to use the British phrase, is being made redundant.  Why a six month break?  Probably to train our replacements in the Philippines.  When all is said and done, I'll get roughly a year's salary as severance.  When Mr. Mandalay and I counted everything up and realized that FIRE was in our grasp, it was a joyous moment.

Thanks for the invite, Cherry Lane! 
Title: Re: Target FIRE: 2017
Post by: UnleashHell on August 25, 2016, 08:38:19 AM
Before yesterday, my FIRE date was (maybe) October 2020, when my husband will turn 65 (I will be a mere lass of 54).

Today?  Try February 20, 2017.


Welcome to the good ship 2017!!

I'm jealous of your redundancy!! :D
Title: Re: Target FIRE: 2017
Post by: zephyr911 on August 25, 2016, 09:21:01 AM
*snip*

There are some others and i always try to keep an eye open for the "perfect retirement job" which is a bit of an oxymoron. There is no perfect job but there are a lot of good ones, like anything in life all about the tradeoffs and what works for you. Any good options from others?

I got into real estate as a side gig to accelerate my progress toward FIRE (or whatever else, since it's never been about quitting for me, per se) and now I plan on keeping my license for the rest of my life... it's fun as long as it doesn't get too obligatory. My personality could never handle having to rely on unpredictable sales income to pay the bills, but I genuinely love it. Caveats: I don't like listing/selling homes; I vastly prefer the buyer side. I prefer small homes and fixers - luxury dwellings and the marketing language that comes with them are genuinely nauseating, more so the longer I immerse myself in the low-cost mindset. I picture doing occasional investment or first-time buyer deals with clients I like, just a few hours a week. :)
Title: Re: Target FIRE: 2017
Post by: rahby1us on August 26, 2016, 09:19:00 AM
*snip*

There are some others and i always try to keep an eye open for the "perfect retirement job" which is a bit of an oxymoron. There is no perfect job but there are a lot of good ones, like anything in life all about the tradeoffs and what works for you. Any good options from others?

I got into real estate as a side gig to accelerate my progress toward FIRE (or whatever else, since it's never been about quitting for me, per se) and now I plan on keeping my license for the rest of my life... it's fun as long as it doesn't get too obligatory. My personality could never handle having to rely on unpredictable sales income to pay the bills, but I genuinely love it. Caveats: I don't like listing/selling homes; I vastly prefer the buyer side. I prefer small homes and fixers - luxury dwellings and the marketing language that comes with them are genuinely nauseating, more so the longer I immerse myself in the low-cost mindset. I picture doing occasional investment or first-time buyer deals with clients I like, just a few hours a week. :)

Zephyr, how to you manage your hours in that situation? I absolutely love browsing real estate sites, looking for good deals, fixer uppers, even just tracking individual homes that i think are overpriced and the snarky validation i get when they drop the price ("Ha i knew it, but still out of our price range!" haha). The thing that has put me off was i just assumed a lot of (or exclusively) nights and weekends. I can see how going strictly buy side could offer a much greater bit of predictability though. How often do you take on buyers? Where do you get them from? Are you with a firm that allows you to check in/check out? Just a few hours a week sounds like what i put into this "hobby" while avoiding my 9-5 already! :) Thanks for any input!
Title: Re: Target FIRE: 2017
Post by: zephyr911 on August 26, 2016, 10:34:35 AM

Zephyr, how to you manage your hours in that situation? I absolutely love browsing real estate sites, looking for good deals, fixer uppers, even just tracking individual homes that i think are overpriced and the snarky validation i get when they drop the price ("Ha i knew it, but still out of our price range!" haha). The thing that has put me off was i just assumed a lot of (or exclusively) nights and weekends. I can see how going strictly buy side could offer a much greater bit of predictability though. How often do you take on buyers? Where do you get them from? Are you with a firm that allows you to check in/check out? Just a few hours a week sounds like what i put into this "hobby" while avoiding my 9-5 already! :) Thanks for any input!
My primary client is my own investing partnerships, so I have complete flexibility there. If I didn't have a day job, it'd mostly happen on weekdays, mid-morning. I've actually delayed one planned acquisition for about a month because I was busy/tired/etc, and nobody got mad or moved to another agent.
I've had a handful of referrals from friends, which is more like work since you're on their schedule, but can still be fun if you like them. Plus, I got here more out of desire to get into energy-related work than to actually leave the workforce, and I'm finding ways to do that via real estate, so I'm pretty open to the "work" thing. I'm feeling my way toward it, but the biggest thing is to not need the 9-5 paycheck (so close!) so I can decide with a clear head.
Title: Re: Target FIRE: 2017
Post by: Threshkin on August 26, 2016, 11:03:37 AM
I am adding myself to the class of 2017.  I was in 2016 but from a tax perspective it is better to hang in there until early 2017.  Exact date is yet TBD but it will be early to keep the tax benefits.
Title: Re: Target FIRE: 2017
Post by: rachael talcott on August 28, 2016, 07:14:35 AM
It's getting real for me.

The new academic year is starting, and I notified the administration that I'm not coming back next year.  In academia, this is pretty standard, as it takes a long time to hire a replacement.  They plan to start the search around Thanksgiving, so I need to go public by then.  I consider graduation to be my retirement date, although I think the fiscal year goes until the end of July, so I might still technically be employed for a bit longer. 

I drove 12 hours to a previous home that has been rented for a decade, fixed it up, and sold it.  The check is in the process of clearing now.

Tickets to Paris in June have been booked.  I'm organizing a trip with a group of friends.   

I won't miss teaching, but I'm a bit sad to lose my research.  Still, there is a possibility of patenting and licensing a bit of biotech, which would be a good way to end.
Title: Re: Target FIRE: 2017
Post by: zephyr911 on August 28, 2016, 09:11:10 AM
Holy Shiite, guys... unexpected $4k windfall. That'll help a bit... xD
Title: Re: Target FIRE: 2017
Post by: RedmondStash on August 28, 2016, 03:13:55 PM
It's getting real for me.

The new academic year is starting, and I notified the administration that I'm not coming back next year.  In academia, this is pretty standard, as it takes a long time to hire a replacement.  They plan to start the search around Thanksgiving, so I need to go public by then.  I consider graduation to be my retirement date, although I think the fiscal year goes until the end of July, so I might still technically be employed for a bit longer. 

I drove 12 hours to a previous home that has been rented for a decade, fixed it up, and sold it.  The check is in the process of clearing now.

Tickets to Paris in June have been booked.  I'm organizing a trip with a group of friends.   

I won't miss teaching, but I'm a bit sad to lose my research.  Still, there is a possibility of patenting and licensing a bit of biotech, which would be a good way to end.

That's really exciting -- congrats!

Holy Shiite, guys... unexpected $4k windfall. That'll help a bit... xD

Very nice!

We've decided to move our FIRE date to May 31, 2017, reflected below:

MrsWhipple        January 1, 2017
FIRE me            January 3, 2017
Metta.               January 3, 2017
Zineth               January 17, 2017
MarciaB             January 31, 2017
rahby1us           January 31, 2017
Myhotrs             March 31, 2017
oblivion             March 31, 2017
Zephyr911        April 1, 2017
Jojo                  April 28, 2017
MandyM            May 1, 2017
Mrs. Pomodoro   May 1, 2017
Rachael             May 21, 2017
RedmondStash   May 31, 2017
Jack06              June 1, 2017
Fairviewite         June 1, 2017
Romag              June 1, 2017
SwordGuy          June 6, 2017
Charlie Foxtrot   July 1, 2017
Freedom17        July 28, 2017
UnleashHell       July 28, 2017
Cookie78           August 3, 2017
Jim2001            December 31, 2017
noble_goal         OMY

Nine more months feels like both a lot and not that much, simultaneously. But it does feel good to have a date to aim for.
Title: Re: Target FIRE: 2017
Post by: bigchrisb on August 30, 2016, 12:53:34 AM
Ok, I'm on this bandwagon with an early July 2017 target. 

I'm 34.  I'm Australian, so all in $AUD. Based on last 3 years expenses have averaged about $50k, which makes for a 2.7% SWR from my portfolio.  Why haven't I jumped already?
- Lots of changes.  About to get married.  Plan on having kids. Recently diagnosed with some nasty health issues. Means I'm not confident what my expenses going forward are
- High pay.  At the moment I'm managing about a 75% savings rate - each extra year adds 3 years safety.  I'm not convinced that if I left I'd be able to come back on the same income.  Better to do one year now than risk three years later.
- The need to deleverage.  I have used investment debt (margin loans and property investment loans) in my accumulation phase.  I've got about $1m in debt against a $~3m portfolio.  I'm comfortable having this debt while I'm on a high income. I'm not so comfortable having it without a big income.  I'd like to get this debt ratio down a bit before pulling the pin.
- Opportunity.  My soon to be wife is being posted overseas for three years starting in July 2017.  That means our accommodation OS will be paid for.  It also gives a plausible reason if I decide RE isn't for me - I can tell my network that I took a three year sabbatical to accompany my spouse overseas. 

MrsWhipple        January 1, 2017
FIRE me            January 3, 2017
Metta.               January 3, 2017
Zineth               January 17, 2017
MarciaB             January 31, 2017
rahby1us           January 31, 2017
Myhotrs             March 31, 2017
oblivion             March 31, 2017
Zephyr911        April 1, 2017
Jojo                  April 28, 2017
MandyM            May 1, 2017
Mrs. Pomodoro   May 1, 2017
Rachael             May 21, 2017
RedmondStash   May 31, 2017
Jack06              June 1, 2017
Fairviewite         June 1, 2017
Romag              June 1, 2017
SwordGuy          June 6, 2017
Charlie Foxtrot   July 1, 2017
Bigchrisb           July 14 2017
Freedom17        July 28, 2017
UnleashHell       July 28, 2017
Cookie78           August 3, 2017
Jim2001            December 31, 2017
noble_goal         OMY
Title: Re: Target FIRE: 2017
Post by: SwordGuy on August 31, 2016, 07:36:35 PM
Just re-ran our numbers.  I can't see any financial reason to continue to work past 6-Jun-2017. :)

Title: Re: Target FIRE: 2017
Post by: Metta on September 01, 2016, 05:20:56 AM
Just re-ran our numbers.  I can't see any financial reason to continue to work past 6-Jun-2017. :)

That's wonderful! Congratulations!
Title: Re: Target FIRE: 2017
Post by: MarciaB on September 07, 2016, 09:06:53 PM
I'd like to add a little bit of information related to age on this list (for my own info/amusement) - something like this:

MrsWhipple        January 1, 2017
FIRE me            January 3, 2017
Metta.               January 3, 2017
Zineth               January 17, 2017
MarciaB             January 31, 2017 (at 55)
rahby1us           January 31, 2017
Myhotrs             March 31, 2017
oblivion             March 31, 2017
Zephyr911        April 1, 2017
Jojo                  April 28, 2017
MandyM            May 1, 2017
Mrs. Pomodoro   May 1, 2017
Rachael             May 21, 2017
RedmondStash   May 31, 2017
Jack06              June 1, 2017
Fairviewite         June 1, 2017
Romag              June 1, 2017
SwordGuy          June 6, 2017
Charlie Foxtrot   July 1, 2017
Bigchrisb           July 14 2017
Freedom17        July 28, 2017
UnleashHell       July 28, 2017
Cookie78           August 3, 2017
Jim2001            December 31, 2017
noble_goal         OMY

Anyone game?
Title: Re: Target FIRE: 2017
Post by: SwordGuy on September 07, 2016, 09:48:40 PM
I'd like to add a little bit of information related to age on this list (for my own info/amusement) - something like this:

MrsWhipple        January 1, 2017
FIRE me            January 3, 2017
Metta.               January 3, 2017
Zineth               January 17, 2017
MarciaB             January 31, 2017 (at 55)
rahby1us           January 31, 2017
Myhotrs             March 31, 2017
oblivion             March 31, 2017
Zephyr911        April 1, 2017
Jojo                  April 28, 2017
MandyM            May 1, 2017
Mrs. Pomodoro   May 1, 2017
Rachael             May 21, 2017
RedmondStash   May 31, 2017
Jack06              June 1, 2017
Fairviewite         June 1, 2017
Romag              June 1, 2017
SwordGuy          June 6, 2017 at 59.
Charlie Foxtrot   July 1, 2017
Bigchrisb           July 14 2017
Freedom17        July 28, 2017
UnleashHell       July 28, 2017
Cookie78           August 3, 2017
Jim2001            December 31, 2017
noble_goal         OMY

Anyone game?
Title: Re: Target FIRE: 2017
Post by: MandyM on September 08, 2016, 05:44:22 AM

MrsWhipple        January 1, 2017
FIRE me            January 3, 2017
Metta.               January 3, 2017
Zineth               January 17, 2017
MarciaB             January 31, 2017 (at 55)
rahby1us           January 31, 2017
Myhotrs             March 31, 2017
oblivion             March 31, 2017
Zephyr911        April 1, 2017
Jojo                  April 28, 2017
MandyM            May 1, 2017 (at 38)
Mrs. Pomodoro   May 1, 2017
Rachael             May 21, 2017
RedmondStash   May 31, 2017
Jack06              June 1, 2017
Fairviewite         June 1, 2017
Romag              June 1, 2017
SwordGuy          June 6, 2017 at 59.
Charlie Foxtrot   July 1, 2017
Bigchrisb           July 14 2017
Freedom17        July 28, 2017
UnleashHell       July 28, 2017
Cookie78           August 3, 2017
Jim2001            December 31, 2017
noble_goal         OMY
Title: Re: Target FIRE: 2017
Post by: zephyr911 on September 08, 2016, 01:14:49 PM
MandyM            May 1, 2017 (at 38)
Same here, as long as I punch before July.

It's still looking good for me... the key for me is side hustles, since 100% FIRE is neither in reach nor desired at this point. As of today, I'm feeling pretty confident about things. Even with some of the best inventory disappearing in the last month, we still have a great real estate market for investment buyers, and that's where I'm carving my niche. Showings and investor meetings both scheduled for next week, and the required income (low five figures, really not much) looks readily achievable.
Title: Re: Target FIRE: 2017
Post by: MrsWhipple on September 08, 2016, 02:39:39 PM
MrsWhipple        January 1, 2017 (at 32)
FIRE me            January 3, 2017
Metta.               January 3, 2017
Zineth               January 17, 2017
MarciaB             January 31, 2017 (at 55)
rahby1us           January 31, 2017
Myhotrs             March 31, 2017
oblivion             March 31, 2017
Zephyr911        April 1, 2017
Jojo                  April 28, 2017
MandyM            May 1, 2017 (at 38)
Mrs. Pomodoro   May 1, 2017
Rachael             May 21, 2017
RedmondStash   May 31, 2017
Jack06              June 1, 2017
Fairviewite         June 1, 2017
Romag              June 1, 2017
SwordGuy          June 6, 2017 at 59.
Charlie Foxtrot   July 1, 2017
Bigchrisb           July 14 2017
Freedom17        July 28, 2017
UnleashHell       July 28, 2017
Cookie78           August 3, 2017
Jim2001            December 31, 2017
noble_goal         OMY


Well, I'm on maternity leave right now and winding up all of my business stuff. Still need to finish dissolving my corporation before the end of the year and draw up a will. Then it'll be slowly dwindling royalty payments from here on out; after one year of having a baby we'll need to reevaluate our budget and see if we're still going good and don't need to work part time. Mr. Whipple might want to get a part time job just to get out of the house some, haha!

Title: Re: Target FIRE: 2017
Post by: zephyr911 on September 08, 2016, 02:42:11 PM
Well fuck, I should stop talking about how good things look. Tenants in one of my rentals called about AC so I sent a guy over... he wants $2100 for a new evaporator coil.

Scrambling for other quotes now....
Title: Re: Target FIRE: 2017
Post by: myhotrs on September 08, 2016, 10:55:31 PM
MrsWhipple        January 1, 2017 (at 32)
FIRE me            January 3, 2017
Metta.               January 3, 2017
Zineth               January 17, 2017
MarciaB             January 31, 2017 (at 55)
rahby1us           January 31, 2017
Myhotrs             March 31, 2017 at 38
oblivion             March 31, 2017
Zephyr911        April 1, 2017
Jojo                  April 28, 2017
MandyM            May 1, 2017 (at 38)
Mrs. Pomodoro   May 1, 2017
Rachael             May 21, 2017
RedmondStash   May 31, 2017
Jack06              June 1, 2017
Fairviewite         June 1, 2017
Romag              June 1, 2017
SwordGuy          June 6, 2017 at 59.
Charlie Foxtrot   July 1, 2017
Bigchrisb           July 14 2017
Freedom17        July 28, 2017
UnleashHell       July 28, 2017
Cookie78           August 3, 2017
Jim2001            December 31, 2017
noble_goal         OMY

Title: Re: Target FIRE: 2017
Post by: Metta on September 09, 2016, 11:27:17 AM
MrsWhipple        January 1, 2017 (at 32)
FIRE me            January 3, 2017
Metta                January 3, 2017 (at 55)
Zineth               January 17, 2017
MarciaB             January 31, 2017 (at 55)
rahby1us           January 31, 2017
Myhotrs             March 31, 2017 at 38
oblivion             March 31, 2017
Zephyr911        April 1, 2017
Jojo                  April 28, 2017
MandyM            May 1, 2017 (at 38)
Mrs. Pomodoro   May 1, 2017
Rachael             May 21, 2017
RedmondStash   May 31, 2017
Jack06              June 1, 2017
Fairviewite         June 1, 2017
Romag              June 1, 2017
SwordGuy          June 6, 2017 at 59.
Charlie Foxtrot   July 1, 2017
Bigchrisb           July 14 2017
Freedom17        July 28, 2017
UnleashHell       July 28, 2017
Cookie78           August 3, 2017
Jim2001            December 31, 2017
noble_goal         OMY

Title: Re: Target FIRE: 2017
Post by: easypeasy on September 10, 2016, 08:07:29 PM
Adding myself to the list with a rough date of March 15. 

Question for the group: Are you signaling your plans directly or indirectly to your employer at this stage?  I had a conversation with my mentor and former boss the other day and I mentioned how proud I was to have had a high savings rate throughout my working career.  Before I knew it we were talking about his retirement planning and I feel like our conversation went right up to the line without me really intending to go there.  I guess it's hard to hide the exuberance I feel at our plans for next spring, but it also seems wrong to do anything other than hint when I'm five months away from resigning. 

MrsWhipple        January 1, 2017 (at 32)
FIRE me            January 3, 2017
Metta                January 3, 2017 (at 55)
Zineth               January 17, 2017
MarciaB             January 31, 2017 (at 55)
rahby1us           January 31, 2017
easypeasy         March 15, 2017 at 35
Myhotrs             March 31, 2017 at 38
oblivion             March 31, 2017
Zephyr911        April 1, 2017
Jojo                  April 28, 2017
MandyM            May 1, 2017 (at 38)
Mrs. Pomodoro   May 1, 2017
Rachael             May 21, 2017
RedmondStash   May 31, 2017
Jack06              June 1, 2017
Fairviewite         June 1, 2017
Romag              June 1, 2017
SwordGuy          June 6, 2017 at 59.
Charlie Foxtrot   July 1, 2017
Bigchrisb           July 14 2017
Freedom17        July 28, 2017
UnleashHell       July 28, 2017
Cookie78           August 3, 2017
Jim2001            December 31, 2017
noble_goal         OMY
Title: Re: Target FIRE: 2017
Post by: Freedom17 on September 10, 2016, 08:24:21 PM
My advice. Say nothing.
Title: Re: Target FIRE: 2017
Post by: zephyr911 on September 10, 2016, 08:48:13 PM
I've been open with a couple of friends at the office, because I'm a fed and even if it got back to the wrong person, consequences would be minimal. I haven't told my supervisor anything because 1) I'm still not 100% sure of my timeline, and 2) I don't want to be treated any differently for it, regardless of whether it makes things easier or harder for me.
Title: Re: Target FIRE: 2017
Post by: Threshkin on September 10, 2016, 08:50:10 PM
I am joining the list.  I do not have a firm date yet (still working out the details).  But I know is will be before mid-April.

MrsWhipple        January 1, 2017 (at 32)
FIRE me            January 3, 2017
Metta                January 3, 2017 (at 55)
Zineth               January 17, 2017
MarciaB             January 31, 2017 (at 55)
rahby1us           January 31, 2017
easypeasy         March 15, 2017 at 35
Myhotrs             March 31, 2017 at 38
oblivion             March 31, 2017
Zephyr911        April 1, 2017
Threshkin          April 15, 2017 (at 59)
Jojo                  April 28, 2017
MandyM            May 1, 2017 (at 38)
Mrs. Pomodoro   May 1, 2017
Rachael             May 21, 2017
RedmondStash   May 31, 2017
Jack06              June 1, 2017
Fairviewite         June 1, 2017
Romag              June 1, 2017
SwordGuy          June 6, 2017 at 59.
Charlie Foxtrot   July 1, 2017
Bigchrisb           July 14 2017
Freedom17        July 28, 2017
UnleashHell       July 28, 2017
Cookie78           August 3, 2017
Jim2001            December 31, 2017
noble_goal         OMY
Title: Re: Target FIRE: 2017
Post by: SwordGuy on September 10, 2016, 08:57:39 PM
My advice. Say nothing.

In general, I would agree with that.   Don't trust a corporation.  Corporations are legal bodies without a soul.

You might trust individual managers.  But you generally have little to gain.

I will be telling my management about 3-4 months out and giving them a soft exit date, i.e., I'll plan to leave by this date but will stay if there's a problem finding a programmer to replace me in time.
(Not because I'm so awesome, but simply because there are hoops that have to be jumped thru and those hoops take time.  If it was "just a company" I was working for I wouldn't be so nice.)

But that's because (a) I really value what the organization I do work for does and want to make sure they have the staff they need to do their job and (b) it opens up the possibility for part time work there when other folks leave with the standard notice and (c) I have nothing to lose.

I mean, really, it's not like I need a job!   And I'll be FI that much sooner.   The contracting company I work for will want to collect for every possible billable hour, so they won't want to replace me any sooner than they have to.   They'll use it as an opportunity to bill double - for me and my replacement while I bring them up to speed.

Title: Re: Target FIRE: 2017
Post by: zephyr911 on September 10, 2016, 08:59:28 PM
Government contractor, SG?
Title: Re: Target FIRE: 2017
Post by: RedmondStash on September 10, 2016, 10:55:52 PM
Question for the group: Are you signaling your plans directly or indirectly to your employer at this stage?

I am not, partly because it's so far out still, and partly because it's still theoretical.

When spouse & I get within maybe 2-3 months and we decide for sure we're going to pull the cord, I'll probably tell my immediate manager, because I trust him, and I want to give him time to find a replacement. I probably won't tell anyone else until the date is closer. Actually, I won't tell anyone until I am confident that if they usher me out the door that day with instructions never to darken their doorway again, I'll be okay with that financially. (Not that I expect that to happen, but I'm jaded and cynical.)
Title: Re: Target FIRE: 2017
Post by: SwordGuy on September 10, 2016, 11:10:49 PM
Question for the group: Are you signaling your plans directly or indirectly to your employer at this stage?

I am not, partly because it's so far out still, and partly because it's still theoretical.

When spouse & I get within maybe 2-3 months and we decide for sure we're going to pull the cord, I'll probably tell my immediate manager, because I trust him, and I want to give him time to find a replacement. I probably won't tell anyone else until the date is closer. Actually, I won't tell anyone until I am confident that if they usher me out the door that day with instructions never to darken their doorway again, I'll be okay with that financially. (Not that I expect that to happen, but I'm jaded and cynical.)

Excellent advice.
Title: Re: Target FIRE: 2017
Post by: SwordGuy on September 10, 2016, 11:11:26 PM
Government contractor, SG?

Yes, indeedy!

Title: Re: Target FIRE: 2017
Post by: Freedom17 on September 11, 2016, 12:08:30 AM
My advice. Say nothing.

You might trust individual managers.  But you generally have little to gain.


Be careful with this. Even if they're nice people they may have a professional obligation to report it to their higher ups. At the very least you put them in a tough situation.
Title: Re: Target FIRE: 2017
Post by: Metta on September 11, 2016, 11:33:49 AM
Adding myself to the list with a rough date of March 15. 

Question for the group: Are you signaling your plans directly or indirectly to your employer at this stage?  I had a conversation with my mentor and former boss the other day and I mentioned how proud I was to have had a high savings rate throughout my working career.  Before I knew it we were talking about his retirement planning and I feel like our conversation went right up to the line without me really intending to go there.  I guess it's hard to hide the exuberance I feel at our plans for next spring, but it also seems wrong to do anything other than hint when I'm five months away from resigning. 


I think how this decision is made hinges on a lot of factors.

I told my then manager a little over a year ago that I would leave on November 2 of this year and that I needed his support to get the legacy system I was in charge of retired before I left. (This had been the plan for years but it kept being put off. I hoped that this would add some additional leverage.) When my current manager asked me to come to her team (a year ago) I told her that she may not want me since I planned to retire in November, 2016. She wanted me anyway and moved a few mountains to get me moved to her team. (My previous manager made sure that the legacy system moved with me.)

I've played it straight and have been working a lot of long hours to ensure that my leave-taking is as clean for my company as possible. I've started to tell my end-users of my date so that I can get them accustomed to dealing with other people and deal with any of their issues before I go. Everyone knows my plans from my current manager to senior VPs at my company.

But that is me in this situation. I've been with this company for about twenty years. I'm one of those people who knows a lot of people and a lot of ways to get things done through the bureaucracy. I'm open and generous with my knowledge and time and always have been. Also I'm almost 55 so while this seems early to a lot of people I work with, it doesn't seem like a betrayal. Mostly they want to know how I saved the money. So that's the people side of this.

From the corporate side, I work in a company that doesn't like firing people. There is a tradition here of employees letting management know long in advance of leaving so that arrangements can be made. I've never heard of a single person fired in that situation. So I wasn't particularly worried about that. The downside is that they know that they can overwork me without consequences and that is what is happening right now.

That said, I've worked places where I wouldn't give too much notice because the consequences of how people would treat me or the possibility of getting fired before I wanted to leave were real. Assess things based on the world you work in. Also, make sure that you have your freedom money banked before you open your mouth. This is all a bit easier if you have the money.
Title: Re: Target FIRE: 2017
Post by: easypeasy on September 11, 2016, 08:06:37 PM
Thanks for the input everyone. 

Metta, it sounds like our situations are somewhat similar (I've been at my employer 12 years, I'm well connected, and my company hates firing people) except that I'll be 35 when I retire instead of 55, so it'll be more of a surprise.  On the one hand, being honest would be a relief and allow for more time to plan an orderly exit.  On the other hand, a large portion of my compensation each year is in the form of my year end bonus paid out in January and it seems crazy to bias the decision.  I also don't relish saying goodbye for six months. 

On the balance I'm leaning toward waiting. 
Title: Re: Target FIRE: 2017
Post by: Threshkin on September 12, 2016, 10:29:45 AM
Thanks for the input everyone. 

Metta, it sounds like our situations are somewhat similar (I've been at my employer 12 years, I'm well connected, and my company hates firing people) except that I'll be 35 when I retire instead of 55, so it'll be more of a surprise.  On the one hand, being honest would be a relief and allow for more time to plan an orderly exit.  On the other hand, a large portion of my compensation each year is in the form of my year end bonus paid out in January and it seems crazy to bias the decision.  I also don't relish saying goodbye for six months. 

On the balance I'm leaning toward waiting.

EasyP, If you are leaving in mid-March why not give advance notice the first week in January?  This gives your employer 2.5 months to prepare.
Title: Re: Target FIRE: 2017
Post by: jack06 on September 12, 2016, 07:18:13 PM
Added my age and did some alignment. Yeah I'm like that :-)


MrsWhipple       (at 32) January 1, 2017 
FIRE me                  January 3, 2017
Metta            (at 55) January 3, 2017 
Zineth                   January 17, 2017
MarciaB          (at 55) January 31, 2017
rahby1us                 January 31, 2017
easypeasy        (at 35) March 15, 2017   
Myhotrs          (at 38) March 31, 2017   
oblivion                 March 31, 2017
Zephyr911                April 1, 2017
Threshkin        (at 59) April 15, 2017   
Jojo                     April 28, 2017
MandyM           (at 38) May 1, 2017     
Mrs. Pomodoro            May 1, 2017
Rachael                  May 21, 2017
RedmondStash             May 31, 2017
Jack06           (at 42) June 1, 2017     
Fairviewite              June 1, 2017
Romag                    June 1, 2017
SwordGuy         (at 59) June 6, 2017
Charlie Foxtrot          July 1, 2017
Bigchrisb                July 14 2017
Freedom17                July 28, 2017
UnleashHell              July 28, 2017
Cookie78                 August 3, 2017
Jim2001                  December 31, 2017
noble_goal               OMY
Title: Re: Target FIRE: 2017
Post by: Freedom17 on September 12, 2016, 07:36:08 PM
Nice work!


MrsWhipple       (at 32) January 1, 2017 
FIRE me                  January 3, 2017
Metta            (at 55) January 3, 2017 
Zineth                   January 17, 2017
MarciaB          (at 55) January 31, 2017
rahby1us                 January 31, 2017
easypeasy        (at 35) March 15, 2017   
Myhotrs          (at 38) March 31, 2017   
oblivion                 March 31, 2017
Zephyr911                April 1, 2017
Threshkin        (at 59) April 15, 2017   
Jojo                     April 28, 2017
MandyM           (at 38) May 1, 2017     
Mrs. Pomodoro            May 1, 2017
Rachael                  May 21, 2017
RedmondStash             May 31, 2017
Jack06           (at 42) June 1, 2017     
Fairviewite              June 1, 2017
Romag                    June 1, 2017
SwordGuy         (at 59) June 6, 2017
Charlie Foxtrot          July 1, 2017
Bigchrisb                July 14 2017
Freedom17        (at 38) July 28, 2017
UnleashHell              July 28, 2017
Cookie78                 August 3, 2017
Jim2001                  December 31, 2017
noble_goal               OMY
Title: Re: Target FIRE: 2017
Post by: CanuckExpat on September 12, 2016, 11:16:36 PM
You all are too organized here. Nice work on the table
Title: Re: Target FIRE: 2017
Post by: SwordGuy on September 13, 2016, 04:34:44 AM
For those who were wondering the trick was to us a [ font=courier ] tag followed by a [ / font ] tag.   Just remove the extra spaces so it looks this.
Title: Re: Target FIRE: 2017
Post by: Cookie78 on September 13, 2016, 08:17:03 AM


MrsWhipple       (at 32) January 1, 2017 
FIRE me                  January 3, 2017
Metta            (at 55) January 3, 2017 
Zineth                   January 17, 2017
MarciaB          (at 55) January 31, 2017
rahby1us                 January 31, 2017
easypeasy        (at 35) March 15, 2017   
Myhotrs          (at 38) March 31, 2017   
oblivion                 March 31, 2017
Zephyr911                April 1, 2017
Threshkin        (at 59) April 15, 2017   
Jojo                     April 28, 2017
MandyM           (at 38) May 1, 2017     
Mrs. Pomodoro            May 1, 2017
Rachael                  May 21, 2017
RedmondStash             May 31, 2017
Jack06           (at 42) June 1, 2017     
Fairviewite              June 1, 2017
Romag                    June 1, 2017
SwordGuy         (at 59) June 6, 2017
Charlie Foxtrot          July 1, 2017
Bigchrisb                July 14 2017
Freedom17        (at 38) July 28, 2017
UnleashHell              July 28, 2017
Cookie78         (at 39) August 3, 2017
Jim2001                  December 31, 2017
noble_goal               OMY

Title: Re: Target FIRE: 2017
Post by: Threshkin on September 13, 2016, 10:40:28 AM
For those who were wondering the trick was to us a [ font=courier ] tag followed by a [ / font ] tag.   Just remove the extra spaces so it looks this.

Mono spaced fonts line up nicely but they just look so old school!  Green bar reports anyone?
Title: Re: Target FIRE: 2017
Post by: Threshkin on September 13, 2016, 11:00:23 AM
For those who were wondering the trick was to us a [ font=courier ] tag followed by a [ / font ] tag.   Just remove the extra spaces so it looks this.

Mono spaced fonts line up nicely but they just look so old school!  Green bar reports anyone?

Well, my weak html skills are not up to this.  I cannot get any of the tab surrogates to work properly.  Looks like a mono spaced font is the best and simplest option.  Thanks SwordGuy.
Title: Re: Target FIRE: 2017
Post by: Metta on September 13, 2016, 06:59:11 PM
Thanks for the input everyone. 

Metta, it sounds like our situations are somewhat similar (I've been at my employer 12 years, I'm well connected, and my company hates firing people) except that I'll be 35 when I retire instead of 55, so it'll be more of a surprise.  On the one hand, being honest would be a relief and allow for more time to plan an orderly exit.  On the other hand, a large portion of my compensation each year is in the form of my year end bonus paid out in January and it seems crazy to bias the decision.  I also don't relish saying goodbye for six months. 

On the balance I'm leaning toward waiting.

I think that is sensible. I think your age will make a difference to people in a way that my age does not.
Title: Re: Target FIRE: 2017
Post by: SwordGuy on September 13, 2016, 08:08:37 PM
For those who were wondering the trick was to us a [ font=courier ] tag followed by a [ / font ] tag.   Just remove the extra spaces so it looks this.

Mono spaced fonts line up nicely but they just look so old school!  Green bar reports anyone?

Well, my weak html skills are not up to this.  I cannot get any of the tab surrogates to work properly.  Looks like a mono spaced font is the best and simplest option.  Thanks SwordGuy.

I don't deserve any of the credit.  Someone else did all the work!  I just told you how they did it ('cause I wanted to know so I dug into their post to find out).

Other tags you can use are [ TABLE ]   [ TR ] and [ TD ].  They work just like their html equivalents.  Again, just remove the extra spaces.
Title: Re: Target FIRE: 2017
Post by: SwordGuy on September 15, 2016, 06:56:29 PM
My lovely bride and I are moving up our planned FIRE date to May 16.  Woot!


MrsWhipple       (at 32) January 1, 2017 
FIRE me                  January 3, 2017
Metta            (at 55) January 3, 2017 
Zineth                   January 17, 2017
MarciaB          (at 55) January 31, 2017
rahby1us                 January 31, 2017
easypeasy        (at 35) March 15, 2017   
Myhotrs          (at 38) March 31, 2017   
oblivion                 March 31, 2017
Zephyr911                April 1, 2017
Threshkin        (at 59) April 15, 2017   
Jojo                     April 28, 2017
MandyM           (at 38) May 1, 2017     
Mrs. Pomodoro            May 1, 2017
Mrs. SwordGuy            May 16, 2017
SwordGuy         (at 59) May 16, 2017
Rachael                  May 21, 2017
RedmondStash             May 31, 2017
Jack06           (at 42) June 1, 2017     
Fairviewite              June 1, 2017
Romag                    June 1, 2017
Charlie Foxtrot          July 1, 2017
Bigchrisb                July 14 2017
Freedom17        (at 38) July 28, 2017
UnleashHell              July 28, 2017
Cookie78         (at 39) August 3, 2017
Jim2001                  December 31, 2017
noble_goal               OMY
Title: Re: Target FIRE: 2017
Post by: FIRE me on September 25, 2016, 09:54:52 PM
To the tune of 100 Bottles of Beer on the Wall -

100 calendar days left on the wall,
100 calendar days,
take one down, grind it on down,
99 calendar days left on the wall ...
Title: Re: Target FIRE: 2017
Post by: FIRE me on September 26, 2016, 09:47:39 AM

I need to kick my self in the butt and start completing my to do list that I would like complete by the end of next March, so I will list things here with updates for motivation:
* Lose 117 pounds (as of 8/2 have lost 74 lbs - or 63.2% of the goal)

Awesome!

Losing weight is so hard for me. For health reasons (cholesterol and blood pressure), I want to lose 35 pounds. I've lost 20 of that 35 several times, but I can never keep it off. I want to be thin and fit, but i also want to eat ice cream. And it seems that they are mutually exclusive.
Title: Re: Target FIRE: 2017
Post by: JoJo on September 26, 2016, 12:31:37 PM
Whoa, it's been nearly 2 months since last update and haven't been holding myself accountable to this list.  Time for an update:

Now thinking about pushing retirement back a couple months to early July, spending Jul-Aug with family.  Doing the Camino de Santiago in Sept-Oct and starting the year of African travel in November.

I need to kick my self in the butt and start completing my to do list that I would like complete by the end of next March or June, so I will list things here with updates for motivation:
* Write my will - as of 8/2 it's written.  I still need to set up an appointment for signing & notarization.
* Have a physical - want to make sure I'm healthy before I go abroad.
* Consolidate all of my Roth IRAs
* Get a new bank account that makes it easier & cheaper to bank abroad.  Thinking about Schwab?
* Decide to put my house on market - either sell or rent out, if renting need to find a good manager - this needs to wait until 2017.  As of now thinking about selling it. 
* De-clutter my house  (as of 7/16 have gotten rid of 2 car loads of stuff and started stockpiling more to go in my living room.  As of 8/2 gotten rid of about 50 lbs of books, have reduced my wardrobe by 10 more bags of clothes.  In August, got rid of another carload of stuff and in September sent a whole suitcase of stuff to my parents house for storage.
* Lose 117 pounds (as of 9/26 have lost 94 lbs - or 80.3% of the goal)
* Finish planning for a couple more trips (Vancouver Island trip completed & booked casas for all nights of November trip to Cuba.  Also booked a trip to Alabama in May to attend a conference for my dream job after retirement.)
* Book the first part of the Africa trip - will do this before the end of the year.
* In 2017 after quit - transfer my HSA
* Need to make a number of house repairs - fix one wall heater, replace garbage disposal, fix fan in the bathroom.  Might wait until 2017 because maybe can write it off if there's rental income that year.
* As of 9/26 I registered a domain name & hosting for my dream job for retirement. I need to start working on my website soon (plan to really do this on weekends once the weather starts getting nasty here).
* As of 9/26 - first side gigs!  Got a few tickets as a result of volunteering a couple events & sold for $132.  Also have been hosting some events that give me credits that I should be able to cash out close to $600 by the end of the year.  Also got the Chase Sapphire Reserve and almost made my $4000 spend so have about $1500 of vacation/flights paid up for future travel.


Title: Re: Target FIRE: 2017
Post by: RedmondStash on September 26, 2016, 05:25:14 PM
Is it 2017 yet?

Because, man, I wish it were. The closer it gets, the harder it is to wait.
Title: Re: Target FIRE: 2017
Post by: Freedom17 on September 26, 2016, 06:33:18 PM
Is it 2017 yet?

Because, man, I wish it were. The closer it gets, the harder it is to wait.

I've also got a case of the Monday blues. Hang in there brother, we'll be there soon!
Title: Re: Target FIRE: 2017
Post by: RedmondStash on September 26, 2016, 06:51:05 PM
Is it 2017 yet?

Because, man, I wish it were. The closer it gets, the harder it is to wait.

I've also got a case of the Monday blues. Hang in there brother, we'll be there soon!

I'm going to hold you to that. Here's to a speedy 3 more months. Or, for me, more like 8 more months. If I last that long.
Title: Re: Target FIRE: 2017
Post by: Threshkin on September 27, 2016, 09:27:35 AM
About 6 months for me.  We just finished a week-long RV trip.  We could have very easily just stayed on the road.  Yesterday I asked my DW where we should go for our next vacation.  Unlike before, her response was "anytime anyplace". 

I want to make it into early 2017 so I can max out my 401k for the year but every day is harder and harder.
Title: Re: Target FIRE: 2017
Post by: Cookie78 on September 27, 2016, 09:47:48 AM
Is it 2017 yet?

Because, man, I wish it were. The closer it gets, the harder it is to wait.

No kidding!

I'm one part impatient and one part relaxed and thrilled about the future and watching the numbers climb. The impatient part wants to go right now and is trying to get the numbers to work their magic even faster. I'm trying to figure out how to be done before August, but there is always something in the way.

Really, it's not that bad of a problem to have. Like JoJo, I also have a large to do list that needs to be done before I FIRE. However, since I've been picking away at it the last few months, the list is starting to seem quite manageable!
Title: Re: Target FIRE: 2017
Post by: MarciaB on September 30, 2016, 08:56:18 PM
Added my age and did some alignment. Yeah I'm like that :-)


MrsWhipple       (at 32) January 1, 2017 
FIRE me                  January 3, 2017
Metta            (at 55) January 3, 2017 
Zineth                   January 17, 2017
MarciaB          (at 55) January 31, 2017
rahby1us                 January 31, 2017
easypeasy        (at 35) March 15, 2017   
Myhotrs          (at 38) March 31, 2017   
oblivion                 March 31, 2017
Zephyr911                April 1, 2017
Threshkin        (at 59) April 15, 2017   
Jojo                     April 28, 2017
MandyM           (at 38) May 1, 2017     
Mrs. Pomodoro            May 1, 2017
Rachael                  May 21, 2017
RedmondStash             May 31, 2017
Jack06           (at 42) June 1, 2017     
Fairviewite              June 1, 2017
Romag                    June 1, 2017
SwordGuy         (at 59) June 6, 2017
Charlie Foxtrot          July 1, 2017
Bigchrisb                July 14 2017
Freedom17                July 28, 2017
UnleashHell              July 28, 2017
Cookie78                 August 3, 2017
Jim2001                  December 31, 2017
noble_goal               OMY


You rock!
Title: Re: Target FIRE: 2017
Post by: MarciaB on September 30, 2016, 08:58:44 PM
OK - moving into October...which means only 4 more months for me. Got "senioritis" for sure, hard to make the day to day grind when the end is so near.
Title: Re: Target FIRE: 2017
Post by: SwordGuy on October 01, 2016, 01:28:20 PM
Just making sure the correct list to copy and edit is the LAST list in the thread... :)




MrsWhipple       (at 32) January 1, 2017 
FIRE me                  January 3, 2017
Metta            (at 55) January 3, 2017 
Zineth                   January 17, 2017
MarciaB          (at 55) January 31, 2017
rahby1us                 January 31, 2017
easypeasy        (at 35) March 15, 2017   
Myhotrs          (at 38) March 31, 2017   
oblivion                 March 31, 2017
Zephyr911                April 1, 2017
Threshkin        (at 59) April 15, 2017   
Jojo                     April 28, 2017
MandyM           (at 38) May 1, 2017     
Mrs. Pomodoro            May 1, 2017
Mrs. SwordGuy            May 16, 2017
SwordGuy         (at 59) May 16, 2017
Rachael                  May 21, 2017
RedmondStash             May 31, 2017
Jack06           (at 42) June 1, 2017     
Fairviewite              June 1, 2017
Romag                    June 1, 2017
Charlie Foxtrot          July 1, 2017
Bigchrisb                July 14 2017
Freedom17        (at 38) July 28, 2017
UnleashHell              July 28, 2017
Cookie78         (at 39) August 3, 2017
Jim2001                  December 31, 2017
noble_goal               OMY

Title: Re: Target FIRE: 2017
Post by: Cottonswab on October 04, 2016, 08:15:40 AM
I am excited to join the class of 2017!  My current projection is sometime between March and June.

You can find more details about my FIRE plan at http://forum.mrmoneymustache.com/journals/a-fire-to-plan-a-plan-to-fire/msg1251034/#msg1251034


MrsWhipple       (at 32) January 1, 2017 
FIRE me                  January 3, 2017
Metta            (at 55) January 3, 2017 
Zineth                   January 17, 2017
MarciaB          (at 55) January 31, 2017
rahby1us                 January 31, 2017
easypeasy        (at 35) March 15, 2017   
Myhotrs          (at 38) March 31, 2017   
oblivion                 March 31, 2017
Zephyr911                April 1, 2017
Threshkin        (at 59) April 15, 2017   
Jojo                     April 28, 2017
MandyM           (at 38) May 1, 2017     
Mrs. Pomodoro            May 1, 2017
Mrs. SwordGuy            May 16, 2017
SwordGuy         (at 59) May 16, 2017
Rachael                  May 21, 2017
RedmondStash             May 31, 2017
Jack06           (at 42) June 1, 2017     
Fairviewite              June 1, 2017
Romag                    June 1, 2017
Cottonswab       (At 30) June 1, 2017
Charlie Foxtrot          July 1, 2017
Bigchrisb                July 14 2017
Freedom17        (at 38) July 28, 2017
UnleashHell              July 28, 2017
Cookie78         (at 39) August 3, 2017
Jim2001                  December 31, 2017
noble_goal               OMY
Title: Re: Target FIRE: 2017
Post by: MarciaB on October 04, 2016, 08:27:49 AM
Congrats! And so far you're the youngest member of the cohort - good on 'ya!!
Title: Re: Target FIRE: 2017
Post by: JoJo on October 04, 2016, 09:29:22 AM
Added age & slight change to planned date.


MrsWhipple       (at 32) January 1, 2017 
FIRE me                  January 3, 2017
Metta            (at 55) January 3, 2017 
Zineth                   January 17, 2017
MarciaB          (at 55) January 31, 2017
rahby1us                 January 31, 2017
easypeasy        (at 35) March 15, 2017   
Myhotrs          (at 38) March 31, 2017   
oblivion                 March 31, 2017
Zephyr911                April 1, 2017
Threshkin        (at 59) April 15, 2017   
MandyM           (at 38) May 1, 2017     
Mrs. Pomodoro            May 1, 2017
Mrs. SwordGuy            May 16, 2017
SwordGuy         (at 59) May 16, 2017
Rachael                  May 21, 2017
RedmondStash             May 31, 2017
Jack06           (at 42) June 1, 2017     
Fairviewite              June 1, 2017
Romag                    June 1, 2017
Cottonswab       (At 30) June 1, 2017
Charlie Foxtrot          July 1, 2017
Jojo                    (At 44)  July 7, 2017
Bigchrisb                July 14 2017
Freedom17        (at 38) July 28, 2017
UnleashHell              July 28, 2017
Cookie78         (at 39) August 3, 2017
Jim2001                  December 31, 2017
noble_goal               OMY
Title: Re: Target FIRE: 2017
Post by: zephyr911 on October 04, 2016, 01:32:55 PM
Two possible setbacks this week.

DW asked if I mind her going back to PT in January. She loves her work, but has been overloaded, undervalued, and frustrated with management lately. I told her to go right ahead. I haven't been relying on her income or savings, except that she's paid one bill - the mortage, about $600. Taking that over could set me back by a few months, but my overall trajectory should be unaffected.

My townhouse tenants gave their 30-day notice, which is a bigger concern - that $1200 check has really contributed to my savings, and the last time it went vacant, it took 6 months to fill. I'm putting it under management, and comps indicate we can raise the rent enough to cover the 10% commission. So, we'll see. If it fills up within 1-2 months, we should be okay. Otherwise, I may just liquidate it. It was a poorly advised investment, and it was 100% (VA) financed, so there's no equity cashout to ease the pain.

All that aside - still looking forward to coasting into quasi-FIRE somewhere in the middle of '17. It would take a lot of good surprises to get me to my April Fools stretch goal, but it would take far more going wrong to hit OMY.
Title: Re: Target FIRE: 2017
Post by: zinethstache on October 04, 2016, 01:42:39 PM
I will give notice 2 weeks prior to my FIRE date. I too have worked for this employer 20 years, and am the last person left to support an old platform. I DO have a few offshore developers who do the actual work so if they are not off the old system when it is my time to go, so be it. I've given them 4 years to retire this old platform and have been pushing for its replacement all along. I don't feel it is my problem any longer.

Added my age...

MrsWhipple       (at 32) January 1, 2017 
FIRE me                  January 3, 2017
Metta            (at 55) January 3, 2017 
Zineth              (at 49) January 17, 2017
MarciaB          (at 55) January 31, 2017
rahby1us                 January 31, 2017
easypeasy        (at 35) March 15, 2017   
Myhotrs          (at 38) March 31, 2017   
oblivion                 March 31, 2017
Zephyr911                April 1, 2017
Threshkin        (at 59) April 15, 2017   
Jojo                     April 28, 2017
MandyM           (at 38) May 1, 2017     
Mrs. Pomodoro            May 1, 2017
Mrs. SwordGuy            May 16, 2017
SwordGuy         (at 59) May 16, 2017
Rachael                  May 21, 2017
RedmondStash             May 31, 2017
Jack06           (at 42) June 1, 2017     
Fairviewite              June 1, 2017
Romag                    June 1, 2017
Cottonswab       (At 30) June 1, 2017
Charlie Foxtrot          July 1, 2017
Bigchrisb                July 14 2017
Freedom17        (at 38) July 28, 2017
UnleashHell              July 28, 2017
Cookie78         (at 39) August 3, 2017
Jim2001                  December 31, 2017
noble_goal               OMY
Title: Re: Target FIRE: 2017
Post by: JoJo on October 04, 2016, 04:08:04 PM
Two possible setbacks this week.

DW asked if I mind her going back to PT in January. She loves her work, but has been overloaded, undervalued, and frustrated with management lately. I told her to go right ahead. I haven't been relying on her income or savings, except that she's paid one bill - the mortage, about $600. Taking that over could set me back by a few months, but my overall trajectory should be unaffected.

My townhouse tenants gave their 30-day notice, which is a bigger concern - that $1200 check has really contributed to my savings, and the last time it went vacant, it took 6 months to fill. I'm putting it under management, and comps indicate we can raise the rent enough to cover the 10% commission. So, we'll see. If it fills up within 1-2 months, we should be okay. Otherwise, I may just liquidate it. It was a poorly advised investment, and it was 100% (VA) financed, so there's no equity cashout to ease the pain.

All that aside - still looking forward to coasting into quasi-FIRE somewhere in the middle of '17. It would take a lot of good surprises to get me to my April Fools stretch goal, but it would take far more going wrong to hit OMY.

I had a $7,000 setback - we just got notice of a special assessment at our condo building payable next month.  But, they have scheduled work (new siding, paint, pavement resurfacing) that hopefully will come back in resale value when I sell next spring.
Title: Re: Target FIRE: 2017
Post by: SwordGuy on October 04, 2016, 05:22:31 PM
I had a $7,000 setback - we just got notice of a special assessment at our condo building payable next month.  But, they have scheduled work (new siding, paint, pavement resurfacing) that hopefully will come back in resale value when I sell next spring.

Yet another reason I'll never live in an HOA.
Title: Re: Target FIRE: 2017
Post by: JoJo on October 04, 2016, 05:39:20 PM

Yet another reason I'll never live in an HOA.

The kicker is the real reason for the assessment - a ridiculous law suit that defending it costed nearly as much as the total assessment - we won but only got a portion of our fees back.
Title: Re: Target FIRE: 2017
Post by: zephyr911 on October 05, 2016, 07:36:44 AM
Hahahaha! I woke up this morning and checked my pay statement, and I have gone from GS-12 step 5 to a 12/6... I completely forgot this was in the cards. Just like I forgot that last month I hit 16 years of commissioned service and my ANG pay went up.

I love forgetting about these things. My FT gross pay goes up by almost $100 per check and net pay goes up $72, plus a bigger TSP match.
Title: Re: Target FIRE: 2017
Post by: mf3333 on October 05, 2016, 09:36:17 AM
I have put in my paperwork to FIRE at 56 on January 31, 2017.  So I guess this is my class.
Title: Re: Target FIRE: 2017
Post by: mf3333 on October 05, 2016, 09:39:08 AM
Added my age...

MrsWhipple       (at 32) January 1, 2017 
FIRE me                  January 3, 2017
Metta            (at 55) January 3, 2017 
Zineth              (at 49) January 17, 2017
MarciaB          (at 55) January 31, 2017
rahby1us                 January 31, 2017
mf3333          (at 56) January 31, 2017
easypeasy        (at 35) March 15, 2017   
Myhotrs          (at 38) March 31, 2017   
oblivion                 March 31, 2017
Zephyr911                April 1, 2017
Threshkin        (at 59) April 15, 2017   
Jojo                     April 28, 2017
MandyM           (at 38) May 1, 2017     
Mrs. Pomodoro            May 1, 2017
Mrs. SwordGuy            May 16, 2017
SwordGuy         (at 59) May 16, 2017
Rachael                  May 21, 2017
RedmondStash             May 31, 2017
Jack06           (at 42) June 1, 2017     
Fairviewite              June 1, 2017
Romag                    June 1, 2017
Cottonswab       (At 30) June 1, 2017
Charlie Foxtrot          July 1, 2017
Bigchrisb                July 14 2017
Freedom17        (at 38) July 28, 2017
UnleashHell              July 28, 2017
Cookie78         (at 39) August 3, 2017
Jim2001                  December 31, 2017
noble_goal               OMY
Title: Re: Target FIRE: 2017
Post by: zephyr911 on October 05, 2016, 09:48:17 AM
I have put in my paperwork to FIRE at 56 on January 31, 2017.  So I guess this is my class.
Welcome! Feel free to share updates, milestones, hesitations, doubts, or anything else pertaining to your timeline. You're jumping in as one of the first few people in the class to potentially graduate, so we'll look forward to hearing what happens as you wind down your employment and dive into that which awaits. <3
Title: Re: Target FIRE: 2017
Post by: Freedom17 on October 05, 2016, 09:55:49 AM

MrsWhipple       (at 32) January 1, 2017 
FIRE me                  January 3, 2017
Metta            (at 55) January 3, 2017 
Zineth           (at 49) January 17, 2017
MarciaB          (at 55) January 31, 2017
rahby1us                 January 31, 2017
mf3333           (at 56) January 31, 2017
easypeasy        (at 35) March 15, 2017   
Myhotrs          (at 38) March 31, 2017   
oblivion                 March 31, 2017
Zephyr911                April 1, 2017
Threshkin        (at 59) April 15, 2017   
Jojo                     April 28, 2017
MandyM           (at 38) May 1, 2017     
Mrs. Pomodoro            May 1, 2017
Mrs. SwordGuy            May 16, 2017
SwordGuy         (at 59) May 16, 2017
Rachael                  May 21, 2017
RedmondStash             May 31, 2017
Jack06           (at 42) June 1, 2017     
Fairviewite              June 1, 2017
Romag                    June 1, 2017
Cottonswab       (At 30) June 1, 2017
Charlie Foxtrot          July 1, 2017
Bigchrisb                July 14 2017
Freedom17        (at 38) July 28, 2017
UnleashHell              July 28, 2017
Cookie78         (at 39) August 3, 2017
Jim2001                  December 31, 2017
noble_goal               OMY
Title: Re: Target FIRE: 2017
Post by: CanuckExpat on October 06, 2016, 01:38:15 AM
You all are too organized here. Nice work on the table

P.S. Totally copied the table for 2016: http://forum.mrmoneymustache.com/welcome-to-the-forum/class-of-2016/msg1234263/#msg1234263

Imitation is the sincerest form of flattery right?
Title: Re: Target FIRE: 2017
Post by: MsGreenStash on October 06, 2016, 03:02:16 PM
Hi all,

So this is my very first post in the forums although I've been reading MMM for more than a year now.  Inspirational to say the least.  I am admittedly both excited & scared sh**less to leave my job but it feels like I have to!  Mustachianism has been creeping up on me since I realized that retirement was actually possible!  I don't need the big bucks that the online retirement tools tell me I do.   It's been like a locomotive that's been gaining strength for a year now and I can't stop it.   I'm telling myself that if it's a mistake, I can always find another job.....

Sorry if the list isn't formatted well.  Not exactly sure how to fix that....

MrsWhipple       (at 32) January 1, 2017 
MsGreenStash (at 51) January 1, 2017
FIRE me                  January 3, 2017
Metta            (at 55) January 3, 2017 
Zineth           (at 49) January 17, 2017
MarciaB          (at 55) January 31, 2017
rahby1us                 January 31, 2017
mf3333           (at 56) January 31, 2017
easypeasy        (at 35) March 15, 2017   
Myhotrs          (at 38) March 31, 2017   
oblivion                 March 31, 2017
Zephyr911                April 1, 2017
Threshkin        (at 59) April 15, 2017   
Jojo                     April 28, 2017
MandyM           (at 38) May 1, 2017     
Mrs. Pomodoro            May 1, 2017
Mrs. SwordGuy            May 16, 2017
SwordGuy         (at 59) May 16, 2017
Rachael                  May 21, 2017
RedmondStash             May 31, 2017
Jack06           (at 42) June 1, 2017     
Fairviewite              June 1, 2017
Romag                    June 1, 2017
Cottonswab       (At 30) June 1, 2017
Charlie Foxtrot          July 1, 2017
Bigchrisb                July 14 2017
Freedom17        (at 38) July 28, 2017
UnleashHell              July 28, 2017
Cookie78         (at 39) August 3, 2017
Jim2001                  December 31, 2017
noble_goal               OMY
Title: Re: Target FIRE: 2017
Post by: Threshkin on October 06, 2016, 05:46:59 PM
Hi all,

So this is my very first post in the forums although I've been reading MMM for more than a year now.  Inspirational to say the least.  I am admittedly both excited & scared sh**less to leave my job but it feels like I have to!  Mustachianism has been creeping up on me since I realized that retirement was actually possible!  I don't need the big bucks that the online retirement tools tell me I do.   It's been like a locomotive that's been gaining strength for a year now and I can't stop it.   I'm telling myself that if it's a mistake, I can always find another job.....
...snip...

Welcome aboard!  and welcome to the scared shitless camp.  I know I am!
Title: Re: Target FIRE: 2017
Post by: zephyr911 on October 06, 2016, 06:00:22 PM
Welcome, MGS, and don't feel compelled to censor yourself. We're all fuckin' cool here... ;)
Title: Re: Target FIRE: 2017
Post by: mf3333 on October 07, 2016, 06:06:25 AM
Started investing in real estate last october and we flipped one house and in the process of flipping another.  This will be my hobby when I retire for extra funds.  I've been investing for years in stocks and bonds.  Both kids entered colleges in august, both with full rides.  We have been blessed.
Title: Re: Target FIRE: 2017
Post by: Threshkin on October 07, 2016, 09:56:32 AM
I was just scheduled for a weekly work meeting at 10:00PM.  My boss kindly asked it to be moved up from 10:30PM to make it not so late for me......

I replied that I am usually in bed before then and asked to be caught up if I miss the meeting.

It is good to have FU money and short timer's disease.
Title: Re: Target FIRE: 2017
Post by: Freedom17 on October 07, 2016, 10:06:16 AM
Sorry if the list isn't formatted well.  Not exactly sure how to fix that....

Welcome!

To make it all align just put font=courier in square brackets before the list and /font in square brackets after.


MrsWhipple       (at 32) January 1, 2017 
MsGreenStash     (at 51) January 1, 2017
FIRE me                  January 3, 2017
Metta            (at 55) January 3, 2017 
Zineth           (at 49) January 17, 2017
MarciaB          (at 55) January 31, 2017
rahby1us                 January 31, 2017
mf3333           (at 56) January 31, 2017
easypeasy        (at 35) March 15, 2017   
Myhotrs          (at 38) March 31, 2017   
oblivion                 March 31, 2017
Zephyr911                April 1, 2017
Threshkin        (at 59) April 15, 2017   
Jojo                     April 28, 2017
MandyM           (at 38) May 1, 2017     
Mrs. Pomodoro            May 1, 2017
Mrs. SwordGuy            May 16, 2017
SwordGuy         (at 59) May 16, 2017
Rachael                  May 21, 2017
RedmondStash             May 31, 2017
Jack06           (at 42) June 1, 2017     
Fairviewite              June 1, 2017
Romag                    June 1, 2017
Cottonswab       (At 30) June 1, 2017
Charlie Foxtrot          July 1, 2017
Bigchrisb                July 14 2017
Freedom17        (at 38) July 28, 2017
UnleashHell              July 28, 2017
Cookie78         (at 39) August 3, 2017
Jim2001                  December 31, 2017
noble_goal               OMY
Title: Re: Target FIRE: 2017
Post by: Freedom17 on October 07, 2016, 10:07:43 AM
What a long week. Glad it's almost over. Happy Friday everyone!
Title: Re: Target FIRE: 2017
Post by: zephyr911 on October 07, 2016, 10:16:23 AM
Good lord, I am having the kind of Friday morning that makes me wish my date was yesterday. Save and invest save and invest save and invest... lulz
Title: Re: Target FIRE: 2017
Post by: Metta on October 07, 2016, 11:28:02 AM
Good lord, I am having the kind of Friday morning that makes me wish my date was yesterday. Save and invest save and invest save and invest... lulz

This week I am also wishing that I still had a FY16 date! But hang in there fellow classmates. We will get through this and we will be amply rewarded as we cross the gateway into our new, freedom-filled lives.
Title: Re: Target FIRE: 2017
Post by: RedmondStash on October 08, 2016, 10:14:24 AM
Good lord, I am having the kind of Friday morning that makes me wish my date was yesterday. Save and invest save and invest save and invest... lulz

@Zephyr, I hear you. I had a day earlier this week that nearly catapulted me into the Class of 2016, effective immediately.

The situation has since improved. But I am counting down week by week, and sometimes hour by hour. I hope I can make it to the end of May, but right now, I've just got my sights set on the end of October.
Title: Re: Target FIRE: 2017
Post by: myhotrs on October 08, 2016, 10:15:59 PM
Glad I'm not the only one scared shitless!! I pretty much just hit my number but I'm keeping the original date for safety margin, the market feels really scary at the moment. My wife has been awesome though and super supportive. Can't wait to spend all day with family.
Title: Re: Target FIRE: 2017
Post by: SwordGuy on October 08, 2016, 11:20:03 PM
At this point, the only reason I see to stay on past my date next year is to pay for the house we're considering buying to fix up.  It's an architectural gem that deserves to be saved.    That way, we're not at as much risk if it doesn't flip for as much as we would like it to.
Title: Re: Target FIRE: 2017
Post by: RedmondStash on October 09, 2016, 03:17:15 PM
Part of why I want to stay at work at least through the end of the year is the election. Yeah, you can't time the market, it always evens out in the end, blah blah blah. It just makes sense to me to stick around through November and see if the market stabilizes, at least a little bit, before I bow out of my income-producing life.

Not trying to start a whole political thread here. Just observing that there is one variable that's currently up in the air that may affect the economy, and that Schroedinger's Box will be opened in November, either way.

We live in interesting times.
Title: Re: Target FIRE: 2017
Post by: MsGreenStash on October 11, 2016, 05:48:27 PM
Thanks for the warm welcome everyone!  The count down is on!

Have any of you given thought to what you're going to do on your first day of freedom? 

In my vision, I get up early, have a coffee and sit on the porch.  Hit the bike and if I have to show some of my badass mustachianism because of the weather then so be it.  Home for a long yoga session.  Then I'll start ticking off my long list of projects :)
Title: Re: Target FIRE: 2017
Post by: Freedom17 on October 11, 2016, 06:24:29 PM
Thanks for the warm welcome everyone!  The count down is on!

Have any of you given thought to what you're going to do on your first day of freedom? 

In my vision, I get up early, have a coffee and sit on the porch.  Hit the bike and if I have to show some of my badass mustachianism because of the weather then so be it.  Home for a long yoga session.  Then I'll start ticking off my long list of projects :)

Now that is a great thought! I think I'm going to sleep in, at least as much as the little ones will allow, then eggs for breakfast and a massage. I'm not sure exactly when I'll get a chance to do that though as we've got to fly overseas, furnish our new apartment and get the kids enrolled in local schools so the first few months will be pretty busy.
Title: Re: Target FIRE: 2017
Post by: MsGreenStash on October 11, 2016, 07:08:31 PM
Thanks for the warm welcome everyone!  The count down is on!

Have any of you given thought to what you're going to do on your first day of freedom? 

In my vision, I get up early, have a coffee and sit on the porch.  Hit the bike and if I have to show some of my badass mustachianism because of the weather then so be it.  Home for a long yoga session.  Then I'll start ticking off my long list of projects :)

Now that is a great thought! I think I'm going to sleep in, at least as much as the little ones will allow, then eggs for breakfast and a massage. I'm not sure exactly when I'll get a chance to do that though as we've got to fly overseas, furnish our new apartment and get the kids enrolled in local schools so the first few months will be pretty busy.

Overseas retirement?  That sounds fabulously awesome!
Title: Re: Target FIRE: 2017
Post by: RedmondStash on October 11, 2016, 07:18:21 PM
Thanks for the warm welcome everyone!  The count down is on!

Have any of you given thought to what you're going to do on your first day of freedom? 

In my vision, I get up early, have a coffee and sit on the porch.  Hit the bike and if I have to show some of my badass mustachianism because of the weather then so be it.  Home for a long yoga session.  Then I'll start ticking off my long list of projects :)

I expect my first couple of days to be like a celebratory weekend: relaxing and resting up.

But from day 3 onward, I have many projects in mind: decluttering, painting, cleaning, fostering puppies and/or kittens again, walking the dog, exercising, playing video games, writing fiction, getting back to learning about 3D modeling and animation, and on and on.

It's nice to think about. :)
Title: Re: Target FIRE: 2017
Post by: Threshkin on October 12, 2016, 09:55:13 AM
Thanks for the warm welcome everyone!  The count down is on!

Have any of you given thought to what you're going to do on your first day of freedom? 

In my vision, I get up early, have a coffee and sit on the porch.  Hit the bike and if I have to show some of my badass mustachianism because of the weather then so be it.  Home for a long yoga session.  Then I'll start ticking off my long list of projects :)

Sleep. Go for a long walk.  Sleep some more.
Title: Re: Target FIRE: 2017
Post by: Financial Ascensionist on October 14, 2016, 06:30:30 PM
I triple checked the numbers and I just can't see the point of stretching my salaried life into 2018 anymore.  Mustachians, I am now joining you in the class of 2017 with a target exit on June 1st.  For those keeping track of these things, I will be 39 years old.


My immediate post-FIRE plan is to take off for 3 month to a North American climbing destination, followed by another 3 months into one of the warmer climbing mecca, most likely Las Vegas or Moab.

Here is my question for my peer who are on their final stretch: what is your pre-exit check list like?  I have a few things like taking care of dental work and routine medical assessments while I have full coverage, but I'm not entirely sure what else I should plan for.
Title: Re: Target FIRE: 2017
Post by: Freedom17 on October 14, 2016, 07:33:57 PM
I triple checked the numbers and I just can't see the point of stretching my salaried life into 2018 anymore.  Mustachians, I am now joining you in the class of 2017 with a target exit on June 1st.  For those keeping track of these things, I will be 39 years old.


My immediate post-FIRE plan is to take off for 3 month to a North American climbing destination, followed by another 3 months into one of the warmer climbing mecca, most likely Las Vegas or Moab.

Here is my question for my peer who are on their final stretch: what is your pre-exit check list like?  I have a few things like taking care of dental work and routine medical assessments while I have full coverage, but I'm not entirely sure what else I should plan for.

I'd say the first thing you should have on your checklist is joining a meetup from the Bay Area Mustachian group!

We're having one tomorrow in Mountain View as a matter of fact :)
Title: Re: Target FIRE: 2017
Post by: MarciaB on October 14, 2016, 08:29:07 PM
And add yourself to the class list!
Title: Re: Target FIRE: 2017
Post by: oldtoyota on October 14, 2016, 08:55:05 PM
I'm coming in from the class to '19 or '20 to visit you all. Wondering what power moves I can borrow. ;-)
Title: Re: Target FIRE: 2017
Post by: RedmondStash on October 14, 2016, 10:46:58 PM
Here is my question for my peer who are on their final stretch: what is your pre-exit check list like?  I have a few things like taking care of dental work and routine medical assessments while I have full coverage, but I'm not entirely sure what else I should plan for.

There's a whole thread about this somewhere that folks keep updating. I thought it was a pinned thread, but I can't find it now. You might find it if you poke around.
Title: Re: Target FIRE: 2017
Post by: oneyear on October 15, 2016, 03:13:47 AM
This week I started my transition to SR with a planned 1/2 day. By 7.30am I was checking email and at 11am I was making moves to get back to the office.

Next week I'm going to structure my morning off a week a lot more. Library or swimming pool with the little one and a coffee for me afterwards.
Title: Re: Target FIRE: 2017
Post by: MarciaB on October 15, 2016, 07:01:26 AM
OK - I added Financial Ascensionist (had to abbreviate, sorry). I am very impressed by you folks in your 30's on this list (well done you!).


MrsWhipple       (at 32) January 1, 2017 
MsGreenStash     (at 51) January 1, 2017
FIRE me                  January 3, 2017
Metta            (at 55) January 3, 2017 
Zineth           (at 49) January 17, 2017
MarciaB          (at 55) January 31, 2017
rahby1us                 January 31, 2017
mf3333           (at 56) January 31, 2017
easypeasy        (at 35) March 15, 2017   
Myhotrs          (at 38) March 31, 2017   
oblivion                 March 31, 2017
Zephyr911        (at 38) April 1, 2017
Threshkin        (at 59) April 15, 2017   
Jojo                     April 28, 2017
MandyM           (at 38) May 1, 2017     
Mrs. Pomodoro            May 1, 2017
Mrs. SwordGuy            May 16, 2017
SwordGuy         (at 59) May 16, 2017
Rachael                  May 21, 2017
RedmondStash             May 31, 2017
Jack06           (at 42) June 1, 2017     
Fairviewite              June 1, 2017
Romag                    June 1, 2017
Cottonswab       (at 30) June 1, 2017
Financial Asc.   (at 39) June 1, 2017
Charlie Foxtrot  (at 41) July 1, 2017
Bigchrisb                July 14 2017
Freedom17        (at 38) July 28, 2017
UnleashHell              July 28, 2017
Cookie78         (at 39) August 3, 2017
Jim2001                  December 31, 2017
noble_goal               OMY
Title: Re: Target FIRE: 2017
Post by: Financial Ascensionist on October 15, 2016, 10:36:34 AM
I am keeping track of the Bay Area Mustachians events.  I almost went to the hiking one, but I ended up with a last minute conflict, unfortunately.  I am sure we will meet face to face soon enough.

There is this check-list, and it's pretty good: http://forum.mrmoneymustache.com/post-fire/pre-fire-checklist/  Is there anything you all know you have to do rather soon that is not in there?  Anyone reading "How to Engineer your Layoff"?
Title: Re: Target FIRE: 2017
Post by: Metta on October 16, 2016, 11:16:23 AM
My last day at work will now be Dec. 31, 2016, so I've decided that I straddle 2016 and 2017 and am keeping myself on both lists. I've completed my paperwork at work and am now planning my retirement party.


Metta            (at 55) January 1, 2017 
MrsWhipple       (at 32) January 1, 2017 
MsGreenStash     (at 51) January 1, 2017
FIRE me                  January 3, 2017
Zineth           (at 49) January 17, 2017
MarciaB          (at 55) January 31, 2017
rahby1us                 January 31, 2017
mf3333           (at 56) January 31, 2017
easypeasy        (at 35) March 15, 2017   
Myhotrs          (at 38) March 31, 2017   
oblivion                 March 31, 2017
Zephyr911        (at 38) April 1, 2017
Threshkin        (at 59) April 15, 2017   
Jojo                     April 28, 2017
MandyM           (at 38) May 1, 2017     
Mrs. Pomodoro            May 1, 2017
Mrs. SwordGuy            May 16, 2017
SwordGuy         (at 59) May 16, 2017
Rachael                  May 21, 2017
RedmondStash             May 31, 2017
Jack06           (at 42) June 1, 2017     
Fairviewite              June 1, 2017
Romag                    June 1, 2017
Cottonswab       (at 30) June 1, 2017
Financial Asc.   (at 39) June 1, 2017
Charlie Foxtrot  (at 41) July 1, 2017
Bigchrisb                July 14 2017
Freedom17        (at 38) July 28, 2017
UnleashHell              July 28, 2017
Cookie78         (at 39) August 3, 2017
Jim2001                  December 31, 2017
noble_goal               OMY
Title: Re: Target FIRE: 2017
Post by: MarciaB on October 16, 2016, 11:32:00 AM
Congrats Metta! And very fun to be the member of 2 classes.

On a side note - I'm looking for a Class Of 2017 member to help me look over my financial plans with an unbiased eye. Bonus points if you're in your mid-50s or older. Anyone who would be willing to help please PM me. Thanks.
Title: Re: Target FIRE: 2017
Post by: BNgarden on October 16, 2016, 01:26:46 PM
Waffling a little, but let's say May 16, 2017 (at 58)
Title: Re: Target FIRE: 2017
Post by: MarciaB on October 16, 2016, 01:42:09 PM
Added you BNgarden:


Metta            (at 55) January 1, 2017 
MrsWhipple       (at 32) January 1, 2017 
MsGreenStash     (at 51) January 1, 2017
FIRE me                  January 3, 2017
Zineth           (at 49) January 17, 2017
MarciaB          (at 55) January 31, 2017
rahby1us                 January 31, 2017
mf3333           (at 56) January 31, 2017
easypeasy        (at 35) March 15, 2017   
Myhotrs          (at 38) March 31, 2017   
oblivion                 March 31, 2017
Zephyr911        (at 38) April 1, 2017
Threshkin        (at 59) April 15, 2017   
Jojo                     April 28, 2017
MandyM           (at 38) May 1, 2017     
Mrs. Pomodoro            May 1, 2017
Mrs. SwordGuy            May 16, 2017
SwordGuy         (at 59) May 16, 2017
BNgarden         (at 58) May 16, 2017
Rachael                  May 21, 2017
RedmondStash             May 31, 2017
Jack06           (at 42) June 1, 2017     
Fairviewite              June 1, 2017
Romag                    June 1, 2017
Cottonswab       (at 30) June 1, 2017
Financial Asc.   (at 39) June 1, 2017
Charlie Foxtrot  (at 41) July 1, 2017
Bigchrisb                July 14 2017
Freedom17        (at 38) July 28, 2017
UnleashHell              July 28, 2017
Cookie78         (at 39) August 3, 2017
Jim2001                  December 31, 2017
noble_goal               OMY
[font/]
Title: Re: Target FIRE: 2017
Post by: MandyM on October 17, 2016, 06:17:10 AM

My immediate post-FIRE plan is to take off for 3 month to a North American climbing destination, followed by another 3 months into one of the warmer climbing mecca, most likely Las Vegas or Moab.

FYI - there is thread going about a meetup in Moab October 2018: http://forum.mrmoneymustache.com/meetups-and-social-events/moab-utah-usa-in-october-2018/new/?topicseen#new
Title: Re: Target FIRE: 2017
Post by: myhotrs on October 20, 2016, 08:26:00 PM
Am I crazy for considering working longer to buy a Model S or 3? It would take me about six months at my current savings rate for the S and half that for the 3, insurance will be more money forever, still tempting...
Title: Re: Target FIRE: 2017
Post by: zephyr911 on October 21, 2016, 10:44:02 AM
Am I crazy for considering working longer to buy a Model S or 3? It would take me about six months at my current savings rate for the S and half that for the 3, insurance will be more money forever, still tempting...
Short answer: You're not crazy for considering anything in particular, if it's in line with your priorities.
Long answer: I haven't really mentioned it here*, but I recently bought a 2012 P85. I've watched the company since the beginning, debated long and hard with myself where that fit into my priority stack, and finally made up my mind early this year. The crux of the matter for me was that I value a few other things at least as much as FIRE, and the main reason I want FI is to reallocate the time and energy currently going to my FT job into advocating for renewable energy and electric transportation. So, it's part and parcel of the same effort, at least for me... it might cost me a few months on the "magic number" date, but it's all tied up in the same set of goals, and it's here now. Just like my solar panels, home efficiency upgrades, etc.
I actually hate the fact that it's a luxury car, because I'm a dirty mofo and the niceties are wasted on me, but it's quite effective for what I got it for... showing my friends, neighbors, and CWs that a well-designed EV can kick the shit out of the ICE equivalent at everything cars do. Hardly a week goes by that I don't take someone for a ride, attend an event, do Q&A, etc, and the results are invariably positive. So, for me, this is just allocating resources according to what matters to me.
Total cost of ownership is high by Mustachian standards, but it does pay back in various ways... regional road trips on Superchargers ($0) vs. plane tickets for 2 plus dog boarding ($$$), and local driving (home-charged) costs half of even the Prius' average ($.02-.03/mi vs ~$.05).
Post-FIRE, the travel cost savings will only increase, as we take advantage of our free time to get out more.
They also tend to be cheaper to insure than most people expect, because they're so incredibly safe, and maintenance is... what maintenance? The entire thing has like 20 moving parts, and even the disc brakes get so little wear that they're more likely to rust than wear out. Battery warranty, 8 years, unlimited miles, and so on.
Not the choice for everyone here, obviously. Not the choice for most. But my choice, for well-considered reasons.
As long as your choice is compatible with your own goals, nobody can fault it.

*I'm not ashamed of it, nor do I regret it in any sense, but the general sentiment being what it is, I don't want to get wrapped around the axle with dogmatic feedback.
Title: Re: Target FIRE: 2017
Post by: Freedom17 on October 21, 2016, 01:36:15 PM
Am I crazy for considering working longer to buy a Model S or 3? It would take me about six months at my current savings rate for the S and half that for the 3, insurance will be more money forever, still tempting...

With rebates the model 3 can be as low as $25k. That's $10k more than the cheapest econobox you can find, but it's not exactly expensive. My next car will definitely be a model 3, although living in a major, non-car oriented city we won't need a car for the first 10 years of FIRE or so.
Title: Re: Target FIRE: 2017
Post by: rachael talcott on October 21, 2016, 06:07:32 PM
Including my age.


Metta            (at 55) January 1, 2017 
MrsWhipple       (at 32) January 1, 2017 
MsGreenStash     (at 51) January 1, 2017
FIRE me                  January 3, 2017
Zineth           (at 49) January 17, 2017
MarciaB          (at 55) January 31, 2017
rahby1us                 January 31, 2017
mf3333           (at 56) January 31, 2017
easypeasy        (at 35) March 15, 2017   
Myhotrs          (at 38) March 31, 2017   
oblivion                 March 31, 2017
Zephyr911        (at 38) April 1, 2017
Threshkin        (at 59) April 15, 2017   
Jojo                     April 28, 2017
MandyM           (at 38) May 1, 2017     
Mrs. Pomodoro            May 1, 2017
Mrs. SwordGuy            May 16, 2017
SwordGuy         (at 59) May 16, 2017
BNgarden         (at 58) May 16, 2017
Rachael          (at 42) May 21, 2017
RedmondStash             May 31, 2017
Jack06           (at 42) June 1, 2017     
Fairviewite              June 1, 2017
Romag                    June 1, 2017
Cottonswab       (at 30) June 1, 2017
Financial Asc.   (at 39) June 1, 2017
Charlie Foxtrot  (at 41) July 1, 2017
Bigchrisb                July 14 2017
Freedom17        (at 38) July 28, 2017
UnleashHell              July 28, 2017
Cookie78         (at 39) August 3, 2017
Jim2001                  December 31, 2017
noble_goal               OMY
Title: Re: Target FIRE: 2017
Post by: Fairviewite on October 21, 2016, 07:43:54 PM
Decided to also include my age.


Metta            (at 55) January 1, 2017 
MrsWhipple       (at 32) January 1, 2017 
MsGreenStash     (at 51) January 1, 2017
FIRE me                  January 3, 2017
Zineth           (at 49) January 17, 2017
MarciaB          (at 55) January 31, 2017
rahby1us                 January 31, 2017
mf3333           (at 56) January 31, 2017
easypeasy        (at 35) March 15, 2017   
Myhotrs          (at 38) March 31, 2017   
oblivion                 March 31, 2017
Zephyr911        (at 38) April 1, 2017
Threshkin        (at 59) April 15, 2017   
Jojo                     April 28, 2017
MandyM           (at 38) May 1, 2017     
Mrs. Pomodoro            May 1, 2017
Mrs. SwordGuy            May 16, 2017
SwordGuy         (at 59) May 16, 2017
BNgarden         (at 58) May 16, 2017
Rachael          (at 42) May 21, 2017
RedmondStash             May 31, 2017
Jack06           (at 42) June 1, 2017     
Fairviewite      (at 27) June 1, 2017
Romag                    June 1, 2017
Cottonswab       (at 30) June 1, 2017
Financial Asc.   (at 39) June 1, 2017
Charlie Foxtrot  (at 41) July 1, 2017
Bigchrisb                July 14 2017
Freedom17        (at 38) July 28, 2017
UnleashHell              July 28, 2017
Cookie78         (at 39) August 3, 2017
Jim2001                  December 31, 2017
noble_goal               OMY
Title: Re: Target FIRE: 2017
Post by: RedmondStash on October 21, 2016, 08:46:13 PM
This was one of those weird days when work left a bad taste in my mouth because of some unpleasant stuff that went down. I normally really like my job. Now I am thinking I'll probably miss it less than I thought when I finally quit.

I'm still Class of 2017; I'm not stomping out the door today. But I keep doing the math and thinking, "I could -- as long as healthcare costs don't skyrocket, which they probably will."

What strategies do you use to keep those itchy feet still when you know staying is in your best interest but the math (barely) supports FIRE? How do you resist that allure -- or do you?
Title: Re: Target FIRE: 2017
Post by: Freedom17 on October 21, 2016, 08:58:37 PM
This was one of those weird days when work left a bad taste in my mouth because of some unpleasant stuff that went down. I normally really like my job. Now I am thinking I'll probably miss it less than I thought when I finally quit.

I'm still Class of 2017; I'm not stomping out the door today. But I keep doing the math and thinking, "I could -- as long as healthcare costs don't skyrocket, which they probably will."

What strategies do you use to keep those itchy feet still when you know staying is in your best interest but the math (barely) supports FIRE? How do you resist that allure -- or do you?

Personally I care less each day and work gets more tolerable. I used to go in at 9:30 and leave at 6. 6 became 5:30, then 5, then 4:30, now 4. I go to the gym at work regularly, take long lunches, go for a half hour walk daily. I just discovered a meditation room so have started doing that daily as well. Combined with regular social lunches with colleagues from previous teams it's made work much more bearable. I've been getting the best performance ratings ever as well. Far better than when I worked 12 hours a day, 7 days a week. Isn't that amazing? It makes me see what a joke the whole thing is and even more glad I'm leaving this madness behind.
Title: Re: Target FIRE: 2017
Post by: zephyr911 on October 21, 2016, 08:59:24 PM
Whiskey? xD
Last time it happened, I just came and vented here in this thread. Sometimes I just sit and think about the things I do like about the job, or I think about how far I've come and how incredibly empowering it is just to know dramatically I've altered my own trajectory in just a couple of years. Or I think about what I'll do with total freedom once it's mine.
I'm sure other tactics exist and might work, too. Maybe try skating down Alki Beach at midnight... ;)
Title: Re: Target FIRE: 2017
Post by: myhotrs on October 22, 2016, 12:56:45 AM
For me, as I get closer to the number, I care less and less. Its a bit scary letting stuff go at first but as you step back all the crap you were doing before seems less and less important. Now I have almost no stress and I'm still a top performer. I have literally stopped attending some meetings and leave a bit early daily with no repercussions (that I know of.)

The optics probably guarantee I'll be passed for any promotions, but I'm done soon anyways so I'm fine with it.
Title: Re: Target FIRE: 2017
Post by: Metta on October 22, 2016, 07:09:41 AM
Because of the situation with my department, I am working extremely hard and fairly long hours these last few months. If we were not attempting to meet a ridiculous set of deadlines, I wouldn't be doing this right before leaving.

However, what I have given up is anything I deem to be paperwork for the sake of paperwork. I've stopped keeping my timesheet since it isn't actually used for anything other than justifying a manager's contention that an employee is or is not overworked. I am salaried so it is not required for paychecks. We do no charge backs based on it. I get no personal benefit from it and I suspect that if I were to have to look at the number of hours I am putting in each week, it would simply upset me.

Has anyone else drawn a line in the sand and said, "I have only x number of months left, I am not going to do xxx anymore?
Title: Re: Target FIRE: 2017
Post by: RedmondStash on October 22, 2016, 10:23:02 AM
Has anyone else drawn a line in the sand and said, "I have only x number of months left, I am not going to do xxx anymore?

Not really, but I'm starting to wonder if I should. Possibly more in the form of, "I have only x months left; I am going to do y and z, which are more fun, even though I'm supposed to do a and b."
Title: Re: Target FIRE: 2017
Post by: myhotrs on October 22, 2016, 04:07:44 PM
I'd say that almost all of us in the position to retire early are strong performers at work, even if you don't realize it (turns out most high performers underestimate others' incompetence). So if we were working late on a stupid deadline, I'd still leave whenever I thought I should. What could possibly happen? At my company, even if they wanted to fire me, the time to do that is longer than I have left, even with slack built in. I do have a pretty large bonus in March that I'm waiting for so I can't totally check-out or they'd probably f@@@ me on it so I'm putting in a solid 50%!
Title: Re: Target FIRE: 2017
Post by: zephyr911 on October 22, 2016, 04:23:14 PM
Dude, I think you're totally right.
I don't work very hard and I fuck off a lot, but I get things done really efficiently after six years of minimal task changes. These hard workers have me all fooled with their constant activity when they're really just spinning wheels with inefficient solutions as often as not....
Title: Re: Target FIRE: 2017
Post by: Freedom17 on October 22, 2016, 04:36:22 PM
I'd say that almost all of us in the position to retire early are strong performers at work, even if you don't realize it (turns out most high performers underestimate others' incompetence). So if we were working late on a stupid deadline, I'd still leave whenever I thought I should. What could possibly happen? At my company, even if they wanted to fire me, the time to do that is longer than I have left, even with slack built in. I do have a pretty large bonus in March that I'm waiting for so I can't totally check-out or they'd probably f@@@ me on it so I'm putting in a solid 50%!

I do get the vibe that people here are way too responsible for their own good. It's not our business at the end of the day.
Title: Re: Target FIRE: 2017
Post by: RedmondStash on October 22, 2016, 07:50:21 PM
I'd say that almost all of us in the position to retire early are strong performers at work, even if you don't realize it (turns out most high performers underestimate others' incompetence). So if we were working late on a stupid deadline, I'd still leave whenever I thought I should. What could possibly happen? At my company, even if they wanted to fire me, the time to do that is longer than I have left, even with slack built in. I do have a pretty large bonus in March that I'm waiting for so I can't totally check-out or they'd probably f@@@ me on it so I'm putting in a solid 50%!

I do get the vibe that people here are way too responsible for their own good. It's not our business at the end of the day.

I take pride in my work. I don't own the business, and I don't let the business push me around, but I'll be damned if I do less than my best work, for my own sense of accomplishment and satisfaction.

It helps that I genuinely enjoy the work, but I've always been this way, even with jobs I liked less. That work ethic is part of how I was able to earn at a level to make FIRE more than just a far-fetched dream. It also opened doors and created opportunities to do some amazing things in my life.
Title: Re: Target FIRE: 2017
Post by: SwordGuy on October 22, 2016, 08:15:52 PM
I'd say that almost all of us in the position to retire early are strong performers at work, even if you don't realize it (turns out most high performers underestimate others' incompetence). So if we were working late on a stupid deadline, I'd still leave whenever I thought I should. What could possibly happen? At my company, even if they wanted to fire me, the time to do that is longer than I have left, even with slack built in. I do have a pretty large bonus in March that I'm waiting for so I can't totally check-out or they'd probably f@@@ me on it so I'm putting in a solid 50%!

I do get the vibe that people here are way too responsible for their own good. It's not our business at the end of the day.

I take pride in my work. I don't own the business, and I don't let the business push me around, but I'll be damned if I do less than my best work, for my own sense of accomplishment and satisfaction.

It helps that I genuinely enjoy the work, but I've always been this way, even with jobs I liked less. That work ethic is part of how I was able to earn at a level to make FIRE more than just a far-fetched dream. It also opened doors and created opportunities to do some amazing things in my life.

Bravo!   I completely agree with you.

If someone hires you to do a job, do your best.   That doesn't mean working crazy hours they aren't paying you for, but it does mean doing your best for the time they pay you.

That kind of attitude pays dividends for the rest of your life.  Not only does it open opportunities for you that can be truly amazing, it also exercises the very skills that get you to FI (and will keep you there).
Title: Re: Target FIRE: 2017
Post by: Metta on October 24, 2016, 09:49:24 AM
I'd say that almost all of us in the position to retire early are strong performers at work, even if you don't realize it (turns out most high performers underestimate others' incompetence). So if we were working late on a stupid deadline, I'd still leave whenever I thought I should. What could possibly happen? At my company, even if they wanted to fire me, the time to do that is longer than I have left, even with slack built in. I do have a pretty large bonus in March that I'm waiting for so I can't totally check-out or they'd probably f@@@ me on it so I'm putting in a solid 50%!

I do get the vibe that people here are way too responsible for their own good. It's not our business at the end of the day.

I take pride in my work. I don't own the business, and I don't let the business push me around, but I'll be damned if I do less than my best work, for my own sense of accomplishment and satisfaction.

It helps that I genuinely enjoy the work, but I've always been this way, even with jobs I liked less. That work ethic is part of how I was able to earn at a level to make FIRE more than just a far-fetched dream. It also opened doors and created opportunities to do some amazing things in my life.

Bravo!   I completely agree with you.

If someone hires you to do a job, do your best.   That doesn't mean working crazy hours they aren't paying you for, but it does mean doing your best for the time they pay you.

That kind of attitude pays dividends for the rest of your life.  Not only does it open opportunities for you that can be truly amazing, it also exercises the very skills that get you to FI (and will keep you there).


My current office is filled with fairly competent and dedicated people. In the last couple of years the company has been reducing headcount. The work previously done by 60 people is now assigned to 35 people. So people have been doing overtime just to get ordinary work done. On top of that an extremely large project has been adopted by upper management that probably requires about 50 people to complete it by the deadline they have chosen. So they have divided the remaining 35 people (already doing the work of 60 people) and have assigned the legacy maintenance work to 3 of them (previously done by 50 of the 60 in this department).

Some of my colleagues are regularly working 100 hour weeks to get things done with the new burdens. Generally these are the most competent people, who in ordinary times handle a higher than ordinary load in 40 hours. In the last year I've seen 4 of my colleagues hospitalized for things that were probably the result of exhaustion or working through illness and not caring for themselves properly. Recently my management just announced that they were cancelling all leave time through next July because otherwise the project cannot get done. In addition, they will not allow people to roll over their unused vacation if they have not used it up. Management believes (and this is probably true) that they cannot allow people to take off weekends or take vacation and still make the crazy deadlines they have set.

I've been maintaining my personal policy of never working past 11 at night and taking at least one weekend day off and I am tired. My colleagues are being used up and this is a deliberate policy by management. I am fortunate that I have FU money and a plan to leave on December 31. Most here do not.

It is not always true that competent people can handle any amount of work handed to them without doing overtime. Sometimes management mismanages things. That is where we are today.
Title: Re: Target FIRE: 2017
Post by: Freedom17 on October 24, 2016, 10:03:28 AM
I guess the question I would ask is is management just 'mismanaging' things or is this intentional. If they can convince their workers to work twice as hard for the same money that means higher returns for the shareholders right? At the end of the day you need to make a choice about who to be responsible to: yourself and your family (who takes care of you if you have health issues due to these extremely unreasonable expectations?) or the owners of your company?

Some people have a hard time saying no but they probably should, or simply leave at 6 and see what happens. I bet nothing.
Title: Re: Target FIRE: 2017
Post by: zephyr911 on October 24, 2016, 10:03:56 AM
Holy shit, that is utterly inhuman. Possibly some is even illegal. Consider a labor board complaint?
Title: Re: Target FIRE: 2017
Post by: SwordGuy on October 24, 2016, 10:45:15 AM
Only work extra if one or more of these conditions apply:

1) It is a true emergency, as opposed to a planned emergency (see the 35 people doing the work of 60 post above for a planned emergency).

2) You learn something that will improve your skills or marketability.

3) Your colleagues learn something that will improve their skills or marketability.

4) You are having fun doing it.

Title: Re: Target FIRE: 2017
Post by: Threshkin on November 01, 2016, 10:07:09 AM
I am now officially no longer a member of the class of 2017.  I have moved up to 2016!  I was RIF'd this morning and should get the package shortly.

I did a little dance of joy!
Title: Re: Target FIRE: 2017
Post by: CanuckExpat on November 01, 2016, 10:12:38 AM
I am now officially no longer a member of the class of 2017.  I have moved up to 2016!  I was RIF'd this morning and should get the package shortly.

I did a little dance of joy!

Congratulations on your upcoming termination! :)
Come on in, the water is pretty good.
Title: Re: Target FIRE: 2017
Post by: Threshkin on November 01, 2016, 11:24:55 AM
I am now officially no longer a member of the class of 2017.  I have moved up to 2016!  I was RIF'd this morning and should get the package shortly.

I did a little dance of joy!

Congratulations on your upcoming termination! :)
Come on in, the water is pretty good.

I have been wishing for a package for over a year now.  Just waiting for the courier to arrive.
Title: Re: Target FIRE: 2017
Post by: oldtoyota on November 02, 2016, 08:05:34 AM
I am now officially no longer a member of the class of 2017.  I have moved up to 2016!  I was RIF'd this morning and should get the package shortly.

I did a little dance of joy!

Congratulations!! How will you spend your first month?
Title: Re: Target FIRE: 2017
Post by: Threshkin on November 02, 2016, 01:08:41 PM
I am now officially no longer a member of the class of 2017.  I have moved up to 2016!  I was RIF'd this morning and should get the package shortly.

I did a little dance of joy!

Congratulations!! How will you spend your first month?

The first two days have been busy setting up personal phone service, transferring data to a new computer and prepping everything to return to corporate so they will pay me. 

I expect the first month will mainly be decompressing and getting accustomed to not working.  We are talking about travel and have $600 in CSR credit to spend before the end of the year.
Title: Re: Target FIRE: 2017
Post by: oneyear on November 03, 2016, 04:28:48 PM
What do you all plan to do if the markets stall or tank in the next few months? I'm hedging by putting 25% of my current equities into cash.
Title: Re: Target FIRE: 2017
Post by: Freedom17 on November 03, 2016, 05:09:49 PM
What do you all plan to do if the markets stall or tank in the next few months? I'm hedging by putting 25% of my current equities into cash.

If dividends are unaffected then collect dividends as usual and relax. If dividends are effected then spend less. We have a fair bit of safety margin between our comfortable target retirement and what we actually need to live.

Other more extreme options include selling principal residence and moving it into higher yielding assets, moving to a low cost of living area, allowing my wife to work (she keeps insisting she will be bored in retirement) or getting consulting work on the side.

I think flexibility is key.
Title: Re: Target FIRE: 2017
Post by: JoJo on November 03, 2016, 05:50:26 PM
I am class of 2017, but started a new job in September and I'm actually loving it.  I'm tempted that instead of retiring, I ask to go to 80% time for a 20% pay cut next year, and take a month off a couple times a year and a few days off in the summer when the weather is nice for hiking.  Maybe even divert that 20% to pick up a 1/2 time/shared resource to keep things moving in the months I'm out.   I do have fear if I quit all these cool things I'm working on won't actually get finished.

Title: Re: Target FIRE: 2017
Post by: SwordGuy on November 03, 2016, 05:52:17 PM
... allowing my wife to work ...

That would imply that you could forbid your wife from working.

I'm neither brave enough nor foolish enough to try such a thing with my wife. :)
Title: Re: Target FIRE: 2017
Post by: Freedom17 on November 03, 2016, 07:23:31 PM
... allowing my wife to work ...

That would imply that you could forbid your wife from working.

I'm neither brave enough nor foolish enough to try such a thing with my wife. :)

I strongly discourage it, but she has these crazy ideas so what can you do?
Title: Re: Target FIRE: 2017
Post by: RedmondStash on November 03, 2016, 07:34:51 PM
... allowing my wife to work ...

That would imply that you could forbid your wife from working.

I'm neither brave enough nor foolish enough to try such a thing with my wife. :)

I strongly discourage it, but she has these crazy ideas so what can you do?

Women. Going around thinking they're people. Pfft.
Title: Re: Target FIRE: 2017
Post by: Financial Ascensionist on November 04, 2016, 12:33:33 AM
What do you all plan to do if the markets stall or tank in the next few months?

I stopped auto-investing and now all my spare income goes into accumulating enough cash to fund year one.  Nothing else is affected, but I will probably opt for a lower expense level if the market is *really* down around June 2018. 
Title: Re: Target FIRE: 2017
Post by: UnleashHell on November 04, 2016, 09:00:44 PM
got promoted.
and extra money.
which is handy because the market isn't giving anything.

plan remains unchanged.
Title: Re: Target FIRE: 2017
Post by: SwordGuy on November 04, 2016, 09:23:43 PM
What do you all plan to do if the markets stall or tank in the next few months?

I stopped auto-investing and now all my spare income goes into accumulating enough cash to fund year one.  Nothing else is affected, but I will probably opt for a lower expense level if the market is *really* down around June 2018.

My wife has to start taking mandatory 401k disbursements next fall.  She's planning on retiring this spring (though I think her paychecks will continue thru August as she gets paid on a 12 month plan).   

We'll continue to max out our 401Ks until we each retire (because I think the math still favors us doing that), but we'll probably stop buying stock the last 6 months or so.    That way, we'll build up our cash position pre-retirement.   

I'll know in a couple of weeks whether we're going to retire next year or not.    The suspense is killing me.
Title: Re: Target FIRE: 2017
Post by: oneyear on November 05, 2016, 04:16:53 AM
My FIRE target doesn't have enough padding in my equities for a downturn but if this happens before I fire, then I'm really going to be in a buying frenzy. I had liquidated one holding last week and bought back on Friday. The result was an additional 300 shares. I'm continuing my weekly investments, but now siphoning off a percentage to hold in cash.

On the back of this thread I'm also getting a valuation on my commercial property. I don't take a rent from this currently as it's my company who is the renter and I'd have tax implications but may do post 2017. The rent alone should be my target monthly FIRE budget or very close to it.

Next year is looking busy already. I don't know if I mentioned this but as I don't want to officially re in 2017, I have planned sizeable vacations instead. We're already planning to be in the mountains for 3 weeks skiing and on the beach for a full month. We live near neither. Certainly there'll be a chunk of change thrown at this, but it's my incentive to keep working and to enjoy my time off.
Title: Re: Target FIRE: 2017
Post by: SwordGuy on November 06, 2016, 04:31:13 PM
Well, I'm about to flunk out of the 2017 FIRE cohort. 

Our offer to buy a mid-century modern home to restore got accepted.  We would prefer to keep a firehose of cash via my salary coming in whilst we're hiring out the expensive bits.

Our goal is to (a) not lose money and (b) restore the home and get it protected via some sort of historic registry.  (Still learning the ins and outs of that.)

If the costs for the roof, hvac, electrical, plumbing and mold/mildew remediation come in on the lower end, I might squeak by with a December date.  Otherwise, Spring of 2018.   

Title: Re: Target FIRE: 2017
Post by: Financial Ascensionist on November 06, 2016, 04:51:33 PM
SwordGuy,
sounds like you are delaying just a few months in order to comeback in a much stronger position of strength.  This sounds like exactly the right thing to do given your specific situation. 
Title: Re: Target FIRE: 2017
Post by: SwordGuy on November 06, 2016, 05:20:15 PM
SwordGuy,
sounds like you are delaying just a few months in order to comeback in a much stronger position of strength.  This sounds like exactly the right thing to do given your specific situation.

Thanks!

Personally, I think I'm probably being over-cautious.   I did the math and we should be fine if we paid off our current house and lost ALL the money on this rehab and I misread the info on the farm income I inherited and it will only be 1/2 what I expect.   

But I've been wrong before.  :)

So since it's not just my wife and I, but also our mentally handicapped daughter, I'll wait the extra time.  It's costing $100k to buy and I expect it to cost between $100k and $150k to buy it and fix it up.   I'm pretty darn sure I can sell it for $250,000 and can probably get a realtor to do it for free.  So, in theory, I should break even.   

We're going to go for historic property tax credits that could equal $40k to $50k.  But I can't count on that money because it's a new process for me and I don't know all the rules.   

It's possible the house could sell for a higher price, perhaps $350k if the market firms up and we get lucky with our buyer.   The right buyer will fall in love with the home.

We'll see. :)
Title: Re: Target FIRE: 2017
Post by: RedmondStash on November 06, 2016, 07:47:15 PM
I am now officially no longer a member of the class of 2017.  I have moved up to 2016!  I was RIF'd this morning and should get the package shortly.

I did a little dance of joy!

I love how on this forum, being laid off can be good news. Congrats, Threshkin!

It's getting harder and harder for me to justify sticking around at work through mid-2017 when we're basically bare-bones FI now. My job is still fun, but freedom is beckoning hard. All that writing! 3D modeling and animation! Making my own games! Sleeping in!

Ah, well. I'll stay through the end of this year and see where I'm at.
Title: Re: Target FIRE: 2017
Post by: FIRE me on November 09, 2016, 08:50:05 AM
Was anyone else in the class of 2017 counting on Obamacare?

I'm running some numbers on my post ACA insurance costs, and it isn't pretty.
Title: Re: Target FIRE: 2017
Post by: JoJo on November 09, 2016, 09:22:36 AM
Was anyone else in the class of 2017 counting on Obamacare?

I'm running some numbers on my post ACA insurance costs, and it isn't pretty.

As someone who was planning to spend most of my time out of the US, and carry an international plan, I'll be happy when the mandate (tax) is gone.  No more the need to spend 330 days outside the US - coming home for a family emergency will be possible.
Title: Re: Target FIRE: 2017
Post by: Cottonswab on November 11, 2016, 08:00:56 AM
I was factoring in Obamacare.   

Have any healthy people looked into calculating the expected cost of not buying insurance and just covering all expenses out of pocket? 


Title: Re: Target FIRE: 2017
Post by: markbike528CBX on November 11, 2016, 08:25:33 AM
Have any healthy people looked into calculating the expected cost of not buying insurance and just covering all expenses out of pocket?

Thread on the topic, http://forum.mrmoneymustache.com/welcome-to-the-forum/self-insured-specifically-health-insurance/

TL; DR  consensus not so enthusiastic,
Title: Re: Target FIRE: 2017
Post by: FIRE me on November 11, 2016, 09:33:03 AM
I was factoring in Obamacare.   

Have any healthy people looked into calculating the expected cost of not buying insurance and just covering all expenses out of pocket?

My expected medical costs (excluding dental) this year is $20 for a flu shot. It is the unexpected costs that concern me.
Title: Re: Target FIRE: 2017
Post by: MarciaB on November 11, 2016, 01:10:47 PM
Was anyone else in the class of 2017 counting on Obamacare?

I'm running some numbers on my post ACA insurance costs, and it isn't pretty.

I sure am. And was disheartened to see that a potential recall/rebuild/re*F* of Obamacare might be coming down the pike.

I looked at plan information a couple of weeks ago, has anything changed since the election?
Title: Re: Target FIRE: 2017
Post by: MarciaB on November 11, 2016, 01:12:33 PM
I am now officially no longer a member of the class of 2017.  I have moved up to 2016!  I was RIF'd this morning and should get the package shortly.

I did a little dance of joy!

Such excellent news Threshkin!! Congrats!
Title: Re: Target FIRE: 2017
Post by: MarciaB on November 11, 2016, 01:14:48 PM
So, they interviewed a pile of candidates yesterday for my job...makes it very real that I have less than 3 months to go.

Anyone else started having disquieting dreams about their financial situation and the decision to fire as the time draws closer? I'm surprised that I have.
Title: Re: Target FIRE: 2017
Post by: SwordGuy on November 11, 2016, 03:14:21 PM
Anyone else started having disquieting dreams about their financial situation and the decision to fire as the time draws closer?

Yes!
Title: Re: Target FIRE: 2017
Post by: RedmondStash on November 11, 2016, 05:29:16 PM
Anyone else started having disquieting dreams about their financial situation and the decision to fire as the time draws closer?

Yes!

Yep. Without getting too political, I am also concerned about massive and unpredictable market upheavals right before I hope to get to FI. RE may have to wait.

Title: Re: Target FIRE: 2017
Post by: FIRE me on November 12, 2016, 09:56:10 AM
Was anyone else in the class of 2017 counting on Obamacare?

I'm running some numbers on my post ACA insurance costs, and it isn't pretty.

I sure am. And was disheartened to see that a potential recall/rebuild/re*F* of Obamacare might be coming down the pike.

I looked at plan information a couple of weeks ago, has anything changed since the election?

Obamacare in 2017 is very likely to be unchanged.

2018 and beyond are the years I'm concerned about. It seems likely the the subsidy will go away, maybe a phase out, or maybe abruptly.
Title: Re: Target FIRE: 2017
Post by: zephyr911 on November 14, 2016, 02:42:13 PM
My semi-FIRE plan includes staying in the Air Guard for another 5-6 years and I'll get good insurance for really cheap that way, as well as having some flexibility on my final *full* retirement date. So I'm cautiously optimistic that even if costs go up, they'll at least have settled into a predictable range again.

That said, I'm still hitting some unexpected headwinds in executing all my transitional measures, so I may have to slide from my April stretch goal back to summer-ish. DW has really gotten unhappy with her job and may accelerate her plans, which could mean I pay more bills (I'm OK with this if she needs it, it's a minor difference)
Vacancy at my personal rental + HVAC overhaul will probably hit my near-term cashflow for $5K or more, and my startup has hit some snags so I won't have as much baked-in residual income there in the spring quarter. All in all, though, morale is high.

It's still my year, no doubt at all.
Title: Re: Target FIRE: 2017
Post by: Metta on November 15, 2016, 05:13:54 AM
I've reduced my excessive work a bit and I'm getting real sleep finally so I'm happy. FIRE date is bearing down hot and hard and I'm worried that I won't have everything in order before I leave my job. In fact, that's practically inevitable at this point. I'm working on releasing that worry.

Obamacare was in my plans but not immediately. The immediate plan is for me to go on my husband's insurance plan. What this messes with is his plans to leave in three years. On the other hand, he wasn't sure that he wanted to retire in three years since he loves being a tenured academic. The threat to end Obamacare is more of a worry for me with my sister who absolutely depends on the provisions in it.

Another FIRE area that this election has changed are my plans for where I plan to spend my volunteer hours. I'd looked forward to spending some of my surplus time on causes I believe in, none of which were political. Now it looks like I need to get political since issues with a higher priority to me are under threat.

My manager (and a few others) are begging me to work as a contractor for my company when I leave. I kind of think that is absolutely crazypants. If I were going to do that, why not simply stay and enjoy the benefits of my job? Why take the financial risk of being a contractor? Is anyone else facing this?
Title: Re: Target FIRE: 2017
Post by: CanuckExpat on November 15, 2016, 01:07:52 PM
My manager (and a few others) are begging me to work as a contractor for my company when I leave. I kind of think that is absolutely crazypants. If I were going to do that, why not simply stay and enjoy the benefits of my job? Why take the financial risk of being a contractor? Is anyone else facing this?

If you are FI, and like the work, being a contractor is awesome. You get premium pay, probably get paid for every hour you work, and there is much larger room for tax advantaged savings with a Solo 401k. You can probably also set your hours and workload to as little as you want, much easier as a contractor as opposed to permenant employee.
In your case, you can get benefits through your husband, so you are good, and if you were going to retire anyways, not like benefits would hold you there. Sure, it's not permenent, but you are ready to retire, what do you care? :)
Title: Re: Target FIRE: 2017
Post by: zephyr911 on November 16, 2016, 10:57:01 AM
My manager (and a few others) are begging me to work as a contractor for my company when I leave. I kind of think that is absolutely crazypants. If I were going to do that, why not simply stay and enjoy the benefits of my job? Why take the financial risk of being a contractor? Is anyone else facing this?

If it affords you more flexible hours and better hourly pay, why not? I'd totally do it. I may try to do something like that.
Title: Re: Target FIRE: 2017
Post by: MarciaB on November 16, 2016, 02:39:07 PM
It's been a while since the list was reposted, so here it is with a couple of changes that were mentioned recently (and please feel free to edit):


Metta            (at 55) January 1, 2017 
MrsWhipple       (at 32) January 1, 2017 
MsGreenStash     (at 51) January 1, 2017
FIRE me                  January 3, 2017
Zineth           (at 49) January 17, 2017
MarciaB          (at 55) January 31, 2017
rahby1us                 January 31, 2017
mf3333           (at 56) January 31, 2017
easypeasy        (at 35) March 15, 2017   
Myhotrs          (at 38) March 31, 2017   
oblivion                 March 31, 2017
Zephyr911        (at 38) Was here but now maybe summer 2017?
Threshkin        (at 59) Was here but moved to 2016!   
Jojo                     Was here but now maybe not?
MandyM           (at 38) May 1, 2017     
Mrs. Pomodoro            May 1, 2017
Mrs. SwordGuy            May 16, 2017
SwordGuy         (at 59) Was here but now 2018 instead?
BNgarden         (at 58) May 16, 2017
Rachael          (at 42) May 21, 2017
RedmondStash             May 31, 2017
Jack06           (at 42) June 1, 2017     
Fairviewite      (at 27) June 1, 2017
Romag                    June 1, 2017
Cottonswab       (at 30) June 1, 2017
Financial Asc.   (at 39) June 1, 2017
Charlie Foxtrot  (at 41) July 1, 2017
Bigchrisb                July 14 2017
Freedom17        (at 38) July 28, 2017
UnleashHell              July 28, 2017
Cookie78         (at 39) August 3, 2017
Jim2001                  December 31, 2017
noble_goal               OMY
Title: Re: Target FIRE: 2017
Post by: SwordGuy on November 16, 2016, 05:10:07 PM


Metta            (at 55) January 1, 2017 
MrsWhipple       (at 32) January 1, 2017 
MsGreenStash     (at 51) January 1, 2017
FIRE me                  January 3, 2017
Zineth           (at 49) January 17, 2017
MarciaB          (at 55) January 31, 2017
rahby1us                 January 31, 2017
mf3333           (at 56) January 31, 2017
easypeasy        (at 35) March 15, 2017   
Myhotrs          (at 38) March 31, 2017   
oblivion                 March 31, 2017
Zephyr911        (at 38) Was here but now maybe summer 2017?
Threshkin        (at 59) Was here but moved to 2016!   
Jojo                     Was here but now maybe not?
MandyM           (at 38) May 1, 2017     
Mrs. Pomodoro            May 1, 2017
Mrs. SwordGuy            May 16, 2017
SwordGuy         (at 59) OMY, sometime in 2018
BNgarden         (at 58) May 16, 2017
Rachael          (at 42) May 21, 2017
RedmondStash             May 31, 2017
Jack06           (at 42) June 1, 2017     
Fairviewite      (at 27) June 1, 2017
Romag                    June 1, 2017
Cottonswab       (at 30) June 1, 2017
Financial Asc.   (at 39) June 1, 2017
Charlie Foxtrot  (at 41) July 1, 2017
Bigchrisb                July 14 2017
Freedom17        (at 38) July 28, 2017
UnleashHell              July 28, 2017
Cookie78         (at 39) August 3, 2017
Jim2001                  December 31, 2017
noble_goal               OMY
Title: Re: Target FIRE: 2017
Post by: Mrs. Pomodoro on November 16, 2016, 06:25:37 PM
Thanks for posting an updated list! I take it as a sign that I should reaffirm my plan (to myself, mostly.) Had quite a bit of ups and downs in the past few months. There were multiple occasions where I wanted to just give notice and call it done. I've been on medical leave for 6 weeks (no major health concern at this point,) and now have a chance to switch to working part-time but not sure how long I want to keep dragging my feet. Before going part-time becomes a possibility, I was planning to hang on 'till the end of the year and give notice on the first work day next year; now if I work part-time and assuming I don't experience another major break-down, I might be able to go with my original plan of leaving by the end of April?

I'm pretty set on leaving next year 'cause the medical leave made me realize how much I need to decompress before I can move forward in life, even that might mean going back to work later for a bit depending on how the economy and healthcare go in the future. It's not so much that my work environment is so terrible that I can't stay anymore; I'm just really, really done with what I do for work. There are so many other things I'm interested in and I also want to spend as much time with family and old pets as I can while everyone's still healthy.

Metta            (at 55) January 1, 2017 
MrsWhipple       (at 32) January 1, 2017 
MsGreenStash     (at 51) January 1, 2017
FIRE me                  January 3, 2017
Zineth           (at 49) January 17, 2017
MarciaB          (at 55) January 31, 2017
rahby1us                 January 31, 2017
mf3333           (at 56) January 31, 2017
easypeasy        (at 35) March 15, 2017   
Myhotrs          (at 38) March 31, 2017   
oblivion                 March 31, 2017
Zephyr911        (at 38) Was here but now maybe summer 2017?
Threshkin        (at 59) Was here but moved to 2016!   
Jojo                     Was here but now maybe not?
MandyM           (at 38) May 1, 2017     
Mrs. Pomodoro    (at 43) May 1, 2017
Mrs. SwordGuy            May 16, 2017
SwordGuy         (at 59) OMY, sometime in 2018
BNgarden         (at 58) May 16, 2017
Rachael          (at 42) May 21, 2017
RedmondStash             May 31, 2017
Jack06           (at 42) June 1, 2017     
Fairviewite      (at 27) June 1, 2017
Romag                    June 1, 2017
Cottonswab       (at 30) June 1, 2017
Financial Asc.   (at 39) June 1, 2017
Charlie Foxtrot  (at 41) July 1, 2017
Bigchrisb                July 14 2017
Freedom17        (at 38) July 28, 2017
UnleashHell              July 28, 2017
Cookie78         (at 39) August 3, 2017
Jim2001                  December 31, 2017
noble_goal               OMY
Title: Re: Target FIRE: 2017
Post by: Freedom17 on November 16, 2016, 07:30:00 PM
I think it's time for a roll call!

We're on track. Flights booked. Counting the weeks :)


Threshkin        (at 59) Graduated to 2016! 
Metta            (at 55) January 1, 2017 
MrsWhipple       (at 32) January 1, 2017 
MsGreenStash     (at 51) January 1, 2017
FIRE me                  January 3, 2017
Zineth           (at 49) January 17, 2017
MarciaB          (at 55) January 31, 2017
rahby1us                 January 31, 2017
mf3333           (at 56) January 31, 2017
easypeasy        (at 35) March 15, 2017   
Myhotrs          (at 38) March 31, 2017   
oblivion                 March 31, 2017
Zephyr911        (at 38) Summer 2017?
Jojo                     ?
MandyM           (at 38) May 1, 2017     
Mrs. Pomodoro            May 1, 2017
Mrs. SwordGuy            May 16, 2017
BNgarden         (at 58) May 16, 2017
Rachael          (at 42) May 21, 2017
RedmondStash             May 31, 2017
Jack06           (at 42) June 1, 2017     
Fairviewite      (at 27) June 1, 2017
Romag                    June 1, 2017
Cottonswab       (at 30) June 1, 2017
Financial Asc.   (at 39) June 1, 2017
Charlie Foxtrot  (at 41) July 1, 2017
Bigchrisb                July 14 2017
Freedom17        (at 38) July 28, 2017
UnleashHell              July 28, 2017
Cookie78         (at 39) August 3, 2017
Jim2001                  December 31, 2017
SwordGuy         (at 59) OMY
noble_goal               OMY
Title: Re: Target FIRE: 2017
Post by: MrsWhipple on November 16, 2016, 10:39:29 PM
Roll call checking in! So I guess technically I've been retired since August when the babby was born, but I still have some business things to wrap up at the end of the year. The past six months we've been in the red and it freaks me out to be spending more money than I'm making. It's mostly due to dwindling royalties, and I'm going to be getting another lump sum at the end of the year from my other publishing business, so there really isn't a need to freak out, but I'm still freaking out.

Since I'm not sure how much income I'll have next year from residual royalties (anywhere from $50-150k probably), I don't know how I should handle the insurance thing. What do you guys think? Should I assume low and apply for a subsidy that I might have to pay back? There's no penalty to doing that, or so I can tell from my research -am I right about that?
Title: Re: Target FIRE: 2017
Post by: Daisy on November 16, 2016, 10:49:20 PM
Sooooo...I am the one that started the Class of 2015 thread, date came and passed, then dipped my toes in the Class of 2016, and now that will pass, but F-IT! 2017 is my FIRE year!

2016 was a heck of a year. I had a medical emergency and was on leave from work for 6 months. I returned part time. I was very grateful for the patience my employer had with me while on leave. Also, I work with a great group of people that were really worried for me and wanted to return and express my gratitude. So 2016 hasn't been a work filled year anyways...kind of like a medically enforced sabbatical.

But, after only a few months after returning, I think my honeymoon is over and I am itching to FIRE. It's definitely going to happen in 2017. I am done!

I'm on my phone and editing the list is hard. Can someone add me in for April 28, 2017 at the age of 48? Figure I'll do it first half of the year. End of March brings a bonus and ESPP payout. So might as well ride out April and be FIRE by May.

April showers bring May flowers...daisies!
Title: Re: Target FIRE: 2017
Post by: oldtoyota on November 17, 2016, 05:39:22 AM
Roll call checking in! So I guess technically I've been retired since August when the babby was born, but I still have some business things to wrap up at the end of the year. The past six months we've been in the red and it freaks me out to be spending more money than I'm making. It's mostly due to dwindling royalties, and I'm going to be getting another lump sum at the end of the year from my other publishing business, so there really isn't a need to freak out, but I'm still freaking out.

Since I'm not sure how much income I'll have next year from residual royalties (anywhere from $50-150k probably), I don't know how I should handle the insurance thing. What do you guys think? Should I assume low and apply for a subsidy that I might have to pay back? There's no penalty to doing that, or so I can tell from my research -am I right about that?

What are your royalties from?

I wish I knew what to tell you about assuming low. I run a business, and it's so tricky to estimate the revenue in advance.
Title: Re: Target FIRE: 2017
Post by: oldtoyota on November 17, 2016, 05:40:21 AM
Sooooo...I am the one that started the Class of 2015 thread, date came and passed, then dipped my toes in the Class of 2016, and now that will pass, but F-IT! 2017 is my FIRE year!

2016 was a heck of a year. I had a medical emergency and was on leave from work for 6 months. I returned part time. I was very grateful for the patience my employer had with me while on leave. Also, I work with a great group of people that were really worried for me and wanted to return and express my gratitude. So 2016 hasn't been a work filled year anyways...kind of like a medically enforced sabbatical.

But, after only a few months after returning, I think my honeymoon is over and I am itching to FIRE. It's definitely going to happen in 2017. I am done!


Congratulations! Sorry to hear of your illness and glad you are better. May you continue to have good health and enjoy your FIRE!
Title: Re: Target FIRE: 2017
Post by: RedmondStash on November 17, 2016, 08:55:59 AM
Sooooo...I am the one that started the Class of 2015 thread, date came and passed, then dipped my toes in the Class of 2016, and now that will pass, but F-IT! 2017 is my FIRE year!

2016 was a heck of a year. I had a medical emergency and was on leave from work for 6 months. I returned part time. I was very grateful for the patience my employer had with me while on leave. Also, I work with a great group of people that were really worried for me and wanted to return and express my gratitude. So 2016 hasn't been a work filled year anyways...kind of like a medically enforced sabbatical.

But, after only a few months after returning, I think my honeymoon is over and I am itching to FIRE. It's definitely going to happen in 2017. I am done!


Congratulations! Sorry to hear of your illness and glad you are better. May you continue to have good health and enjoy your FIRE!

Yes, this.

I am hopeful that we are still on target for a mid-2017 FIRE. But I no longer know how to estimate medical and insurance expenses, given the uncertainty of Obamacare's future. I don't know how to reconcile that with accurate future financial projections, so I might delay a bit until more becomes clear. Assuming it does.
Title: Re: Target FIRE: 2017
Post by: Daisy on November 17, 2016, 08:59:57 AM
Thanks oldtoyota and RedmondStash!


As far as the ACA subsidies being removed... If they are and not replaced with an affordable alternative...well insurance companies would go under because no one will afford it. I'm going to try and not let this bother me.
Title: Re: Target FIRE: 2017
Post by: Threshkin on November 17, 2016, 10:54:11 AM
Adding Daisy. 

I posted a two-week status update to my journal (see siggy line)


Threshkin        (at 59) Graduated to 2016!
Metta            (at 55) January 1, 2017
MrsWhipple       (at 32) January 1, 2017
MsGreenStash     (at 51) January 1, 2017
FIRE me                  January 3, 2017
Zineth           (at 49) January 17, 2017
MarciaB          (at 55) January 31, 2017
rahby1us                 January 31, 2017
mf3333           (at 56) January 31, 2017
easypeasy        (at 35) March 15, 2017   
Myhotrs          (at 38) March 31, 2017   
oblivion                 March 31, 2017
Daisy            (at 48) April 28, 2017
Zephyr911        (at 38) Summer 2017?
Jojo                     ?
MandyM           (at 38) May 1, 2017     
Mrs. Pomodoro            May 1, 2017
Mrs. SwordGuy            May 16, 2017
BNgarden         (at 58) May 16, 2017
Rachael          (at 42) May 21, 2017
RedmondStash             May 31, 2017
Jack06           (at 42) June 1, 2017     
Fairviewite      (at 27) June 1, 2017
Romag                    June 1, 2017
Cottonswab       (at 30) June 1, 2017
Financial Asc.   (at 39) June 1, 2017
Charlie Foxtrot  (at 41) July 1, 2017
Bigchrisb                July 14 2017
Freedom17        (at 38) July 28, 2017
UnleashHell              July 28, 2017
Cookie78         (at 39) August 3, 2017
Jim2001                  December 31, 2017
SwordGuy         (at 59) OMY
noble_goal               OMY
Title: Re: Target FIRE: 2017
Post by: MrsWhipple on November 17, 2016, 10:55:46 AM
What are your royalties from?
Romance novels I self-publish. I guess I'll estimate low and then hopefully keep my income down through deductions.
Title: Re: Target FIRE: 2017
Post by: zephyr911 on November 17, 2016, 01:22:09 PM
I may actually turn 39 before I quit... horror of horrors! xD
Title: Re: Target FIRE: 2017
Post by: Remote_Landlord on November 17, 2016, 02:10:00 PM

Hey,

I'm new to the forum and hoping it's ok for me to add myself to the list here.

Living in London, UK, but intending to move out of my flat (and the country) when I (hopefully) quit my job next year on 8th May.

Only started reading up on FIRE a few months ago, and realised I could pull it off next year (always been a good saver)....just wish I had saved more aggressively and started planning earlier!




Threshkin        (at 59) Graduated to 2016!
Metta            (at 55) January 1, 2017
MrsWhipple       (at 32) January 1, 2017
MsGreenStash     (at 51) January 1, 2017
FIRE me                  January 3, 2017
Zineth           (at 49) January 17, 2017
MarciaB          (at 55) January 31, 2017
rahby1us                 January 31, 2017
mf3333           (at 56) January 31, 2017
Remote_Landlord  (at 39) May 8, 2017
easypeasy        (at 35) March 15, 2017   
Myhotrs          (at 38) March 31, 2017   
oblivion                 March 31, 2017
Daisy            (at 48) April 28, 2017
Zephyr911        (at 38) Summer 2017?
Jojo                     ?
MandyM           (at 38) May 1, 2017     
Mrs. Pomodoro            May 1, 2017
Mrs. SwordGuy            May 16, 2017
BNgarden         (at 58) May 16, 2017
Rachael          (at 42) May 21, 2017
RedmondStash             May 31, 2017
Jack06           (at 42) June 1, 2017     
Fairviewite      (at 27) June 1, 2017
Romag                    June 1, 2017
Cottonswab       (at 30) June 1, 2017
Financial Asc.   (at 39) June 1, 2017
Charlie Foxtrot  (at 41) July 1, 2017
Bigchrisb                July 14 2017
Freedom17        (at 38) July 28, 2017
UnleashHell              July 28, 2017
Cookie78         (at 39) August 3, 2017
Jim2001                  December 31, 2017
SwordGuy         (at 59) OMY
noble_goal               OMY

Title: Re: Target FIRE: 2017
Post by: zephyr911 on November 17, 2016, 02:25:42 PM
Welcome, RL!
Title: Re: Target FIRE: 2017
Post by: FIRE me on November 17, 2016, 06:49:54 PM
Sooooo...I am the one that started the Class of 2015 thread, date came and passed, then dipped my toes in the Class of 2016, and now that will pass, but F-IT! 2017 is my FIRE year!

The third time's charm!
Title: Re: Target FIRE: 2017
Post by: Daisy on November 17, 2016, 06:53:10 PM
Sooooo...I am the one that started the Class of 2015 thread, date came and passed, then dipped my toes in the Class of 2016, and now that will pass, but F-IT! 2017 is my FIRE year!

The third time's charm!

3 is my favorite number!

I've never put an actual date on it so this is looking seriously possible. I've had multiple signs pointing to 2017 now as THE year. 2016 wasn't a work filled year anyways.
Title: Re: Target FIRE: 2017
Post by: Cottonswab on November 17, 2016, 08:46:15 PM
Checking in for roll call...

I have given notice to my employer and I have no desire to delay, so I am 99% confident that I will be FIREing in 2017.  My target date will be moving up to April, but I will likely wait until January or February to confirm my actual FIRE date. 

I am cautiously optimistic that I will be able to afford insurance and/or pay for healthcare out-of-pocket.  My FIRE plans include some part-time and/or seasonal paid work, so it's not too difficult for me to deal with financial uncertainty of leaving my job. 
Title: Re: Target FIRE: 2017
Post by: Metta on November 18, 2016, 07:10:46 AM
If you are FI, and like the work, being a contractor is awesome. You get premium pay, probably get paid for every hour you work, and there is much larger room for tax advantaged savings with a Solo 401k. You can probably also set your hours and workload to as little as you want, much easier as a contractor as opposed to permenant employee.
In your case, you can get benefits through your husband, so you are good, and if you were going to retire anyways, not like benefits would hold you there. Sure, it's not permenent, but you are ready to retire, what do you care? :)

If it affords you more flexible hours and better hourly pay, why not? I'd totally do it. I may try to do something like that.

Thanks for your input, CanuckExpat and Zephyr!

Because of your posts I've given it more thought, talked to my husband, asked some friends for their opinions, and talked to some of our contractors. My conclusion is that I am leaving for a reason, I'm leaving to do something (which is write full-time) and while I don't  need the money, I desperately need the time to do my own work. The way we treat our contractors, I think it is unlikely that I would have that time. It really helped to think through this a little bit more and I appreciate your contribution to my meditation on this.

It's kind of strange to make decisions that reduce my income, since the entire path for such a long time has been focused on getting out of debt and then on building a stash. I plan to leave in a harmonious way so that if I choose to contract or return to my job in the future, it will still be a possibility.

For now I don't want to be owned by anyone but myself. I don't even want to be rented out. Freedom!
Title: Re: Target FIRE: 2017
Post by: CanuckExpat on November 18, 2016, 08:44:34 AM
For now I don't want to be owned by anyone but myself. I don't even want to be rented out. Freedom!

Good for you, enjoy!

The big caveat on what I said was that contracting is awesome if you like the work and want to keep doing it. If you have other things to pursue, don't let that hold you there.

Look out world, here you come.
Title: Re: Target FIRE: 2017
Post by: myhotrs on November 18, 2016, 04:36:39 PM
Reading Ernie Zelinski's excellent How To Retire Happy, Wild, and Free. About 1/3 of the way through and my favorite quote so far:

"... stop working at the earliest moment, even if it is a quarter past eleven in the morning of the day when you find you have enough money."
- Robert Benchley

Amen! Great read and I am feeling better and better about retirement with every page. Can't wait to Spring, 135 days left!!

Title: Re: Target FIRE: 2017
Post by: Freedom17 on November 18, 2016, 06:16:43 PM
28 weeks. 28 weeks. One week closer. 28 weeks :)
Title: Re: Target FIRE: 2017
Post by: Metta on November 19, 2016, 07:07:12 AM
For now I don't want to be owned by anyone but myself. I don't even want to be rented out. Freedom!

Good for you, enjoy!

The big caveat on what I said was that contracting is awesome if you like the work and want to keep doing it. If you have other things to pursue, don't let that hold you there.

Look out world, here you come.

:)

I like the work and I like the people, and I believe that I will miss both when I leave. That was what I needed to think about.

It's the latter half of your statement that I think matters most to me. I want to pursue other things. The safe and pleasant path would be to keep my job or to work as a contractor for them. It's a lot scarier and more exhilarating to dive into this new life without holding anything back. Because it scares me and because it excites me and because I know that this is my one and only life and my best chance to do this, I think it is the right choice.

About five years ago, when I started to think about leaving my job, the question I spent more than a year answering was "If I leave, then what?" Something that Stephen Covey said spoke to me then and speaks to me now: "You have to decide what your highest priorities are and have the courage—pleasantly, smilingly, nonapologetically, to say 'no' to other things. And the way you do that is by having a bigger 'yes' burning inside. The enemy of the 'best' is often the 'good.'"

Five years ago, I needed to know what my burning Yes was. I found it. I said "no" to a lot of things to get to where I am. Now I just need to walk into the flaming Yes.

I can't wait for Freedom Day: January 1, 2017.
Title: Re: Target FIRE: 2017
Post by: Metta on November 19, 2016, 07:09:18 AM
Reading Ernie Zelinski's excellent How To Retire Happy, Wild, and Free. About 1/3 of the way through and my favorite quote so far:

"... stop working at the earliest moment, even if it is a quarter past eleven in the morning of the day when you find you have enough money."
- Robert Benchley

Amen! Great read and I am feeling better and better about retirement with every page. Can't wait to Spring, 135 days left!!

Great quote!
Title: Re: Target FIRE: 2017
Post by: Daisy on November 19, 2016, 08:32:07 AM
For now I don't want to be owned by anyone but myself. I don't even want to be rented out. Freedom!

Good for you, enjoy!

The big caveat on what I said was that contracting is awesome if you like the work and want to keep doing it. If you have other things to pursue, don't let that hold you there.

Look out world, here you come.

:)

I like the work and I like the people, and I believe that I will miss both when I leave. That was what I needed to think about.

It's the latter half of your statement that I think matters most to me. I want to pursue other things. The safe and pleasant path would be to keep my job or to work as a contractor for them. It's a lot scarier and more exhilarating to dive into this new life without holding anything back. Because it scares me and because it excites me and because I know that this is my one and only life and my best chance to do this, I think it is the right choice.

About five years ago, when I started to think about leaving my job, the question I spent more than a year answering was "If I leave, then what?" Something that Stephen Covey said spoke to me then and speaks to me now: "You have to decide what your highest priorities are and have the courage—pleasantly, smilingly, nonapologetically, to say 'no' to other things. And the way you do that is by having a bigger 'yes' burning inside. The enemy of the 'best' is often the 'good.'"

Five years ago, I needed to know what my burning Yes was. I found it. I said "no" to a lot of things to get to where I am. Now I just need to walk into the flaming Yes.

I can't wait for Freedom Day: January 1, 2017.

I love what your wrote. That is EXACTLY how I am feeling....and how I'll frame it to my probably skeptical family, friends, and coworkers when I finally catch FIRE next year.
Title: Re: Target FIRE: 2017
Post by: John Doe on November 19, 2016, 03:42:17 PM
So do you have to be full RE to join this group?  While I am FI currently I am not quite ready to leave my work but do want more time for myself.  So on that note I told my employer that I would like to go to part time as of April 1 for no more than a year, possibly less. I want to do this simply to help transition into the new phase of my life - no reason other than that.  I was thinking three days a week.   Well my employer came back and offered me 2.5 days a week with a rather significant up front payment if I agree to stay one year.  If I stay a second year I will get another significant payment at the end of that year.   So in short I get the transition I wanted, I get some nice additional cash up front and if we can make it work and I enjoy it I will get another significant payment at the end of year 2. So do I qualify for this group or do I have to join those 2019 people?
Title: Re: Target FIRE: 2017
Post by: RedmondStash on November 19, 2016, 08:24:39 PM
So do you have to be full RE to join this group?

I don't see why. This thread is for people to support and inform each other regarding major life changes in 2017, relating to FI/RE. I'm also in the 2016 thread because I commented in it a while back. Maybe you can find useful info in both the 2017 and the 2019 threads.
Title: Re: Target FIRE: 2017
Post by: Freedom17 on November 19, 2016, 09:51:06 PM
Welcome!


Threshkin        (at 59) Graduated to 2016!
Metta            (at 55) January 1, 2017
MrsWhipple       (at 32) January 1, 2017
MsGreenStash     (at 51) January 1, 2017
FIRE me                  January 3, 2017
Zineth           (at 49) January 17, 2017
MarciaB          (at 55) January 31, 2017
rahby1us                 January 31, 2017
mf3333           (at 56) January 31, 2017
Remote_Landlord  (at 39) May 8, 2017
easypeasy        (at 35) March 15, 2017   
Myhotrs          (at 38) March 31, 2017   
oblivion                 March 31, 2017
John Doe                 April 1, 2017
Daisy            (at 48) April 28, 2017
Zephyr911        (at 38) Summer 2017?
Jojo                     ?
MandyM           (at 38) May 1, 2017     
Mrs. Pomodoro            May 1, 2017
Mrs. SwordGuy            May 16, 2017
BNgarden         (at 58) May 16, 2017
Rachael          (at 42) May 21, 2017
RedmondStash             May 31, 2017
Jack06           (at 42) June 1, 2017     
Fairviewite      (at 27) June 1, 2017
Romag                    June 1, 2017
Cottonswab       (at 30) June 1, 2017
Financial Asc.   (at 39) June 1, 2017
Charlie Foxtrot  (at 41) July 1, 2017
Bigchrisb                July 14 2017
Freedom17        (at 38) July 28, 2017
UnleashHell              July 28, 2017
Cookie78         (at 39) August 3, 2017
Jim2001                  December 31, 2017
SwordGuy         (at 59) OMY
noble_goal               OMY
Title: Re: Target FIRE: 2017
Post by: Metta on November 19, 2016, 10:00:50 PM

I love what your wrote. That is EXACTLY how I am feeling....and how I'll frame it to my probably skeptical family, friends, and coworkers when I finally catch FIRE next year.

I have often felt that you and I have a lot in common. I'm glad you're in my graduating class.
Title: Re: Target FIRE: 2017
Post by: Daisy on November 23, 2016, 05:18:30 PM

I love what your wrote. That is EXACTLY how I am feeling....and how I'll frame it to my probably skeptical family, friends, and coworkers when I finally catch FIRE next year.

I have often felt that you and I have a lot in common. I'm glad you're in my graduating class.

Thank you so much Metta. I know our paths have crossed before and was trying to find where in the forums. I read some of your recent posts and thought to myself...this Metta girl sounds like a wonderful person. I'll try to keep searching on which thread we crossed paths before
Title: Re: Target FIRE: 2017
Post by: Cookie78 on November 29, 2016, 11:33:21 AM
I realized today that if instead of quitting my job Aug 3, 2017 I take a 1 year self funded leave of absence I will have to prepay my health benefits, but then get medical during my year of absence. Also my company will match my pension contributions for 6 of those months (which I will have to buy back when I return).

Also, it gives me a little flexibility in the event that I decide I FIREd way too early and need to return to work for a bit. Unlikely, but possible. Also by then maybe I could handle coming back to work for a few months for some extra cash.

In addition I've decided not to sell my houses right away, which is the better option, but comes with added risk. IF the shit hits the fan and things start to look dire, I can go back to my job after the year to help deal with any financial house catastrophes.

Months ago when I first thought of taking this option I didn't want to because I wanted to cut all ties, but now that it's getting down to the wire I'm starting to think it's a great idea. Especially realizing the extra pension money I'd be leaving on the table and a year of health and dental benefits.

Do I still qualify for Class of 2017?!
Title: Re: Target FIRE: 2017
Post by: FurtherJourneys on November 29, 2016, 06:16:51 PM
Hi there! Many months ago I posted about our plans to buy some rental properties with a windfall we had received and a goal of RE in January of 2017. In June we negotiated a great deal on a 12 unit building and have been managing it while working our normal jobs. It’s been a bit crazy!

On January 6 my husband will be quitting his corporate engineering job to manage the rentals. I’m not sure if it exactly counts for this fourm, since for at least the first 6 months he will be putting a lot of time into renovations and improvements, but it will be on our schedule and with lots more time together as a family.

I am a teacher, so I will be working until at least the end of May, and then evaluating if I need to/want to teach next year.

Right now we’re not sure about healthcare. We were planning on the ACA, but are not sure what will happen to the subsidies in the near future. At the end of January we’ll probably buy a plan through the exchange at full price, or I will get insurance from school (very expensive since I’m just part time) and my husband will get it from the exchange. 

We’re counting down the days now, 37 to go!
Title: Re: Target FIRE: 2017
Post by: Jinny on November 29, 2016, 08:28:09 PM
So i've had a goal fire date of Feb 15, 2017 for over a year now. My husband FIREd last year though he may go back to work for a year or so after I quit. I keep running the numbers and all still seems on target. The unknown future of the ACA has left me a bit less confident in my early retirement plans - one of the reasons hubs is going back to work - thought it would be good to have access to an employer plan, at least until we all have a better idea of what is going to replace the ACA
Title: Re: Target FIRE: 2017
Post by: myhotrs on November 30, 2016, 10:39:45 AM
I think the type of people that planned for and are ready to achieve FIRE should be ok no matter what happens to ACA. I just ran FIREcalc for base case and added $10k in expenses for possible lost subsidies (my base case already has $600/mo in healthcare costs.) Results are 96% and 77%, drop is not great but we're in the position we're in because we work hard and are apparently valuable to society.

Seems like those who stay at work are trading the 100% certainty of extra time worked vs some smaller % that they'll need to come up with an extra $5-10k/yr. Not going to let this stop me.
Title: Re: Target FIRE: 2017
Post by: MandyM on November 30, 2016, 12:46:22 PM
I really want to outright quit in 2017, but I will likely request to go part time, per my original plan. *Sigh* Maybe I'll feel frisky though and pull the trigger...

Just for fun: http://www.boredpanda.com/funny-farewell-cakes-quitting-job/
Title: Re: Target FIRE: 2017
Post by: zephyr911 on December 01, 2016, 03:13:27 PM
Yeah, definitely pushing mine back a bit. DW and I have talked a lot recently and she has had enough of her FT job, while mine has become much more tolerable. So, she will be going PT/freelance in a few weeks. Between compensating for that, rental issues, and wanting to pad the startup kitty for my little investment startup here, I'm probably working at least till June. But other than tying up those loose ends, I still don't have much else left to save for.

This will still be a positive move for both of us, even in the very short term. She'll have more time for house stuff so my burden will drop a bit, she'll be able to travel with me when I go for work (which I will be angling to do more often in the new year) as well as taking more vacations (my use of my fed leave has been constrained by her miniscule PTO) and overall we'll both have lower stress levels and more fun.

So, I'm still really excited about things, and firmly in the c/o 2017 as far as I'm concerned. I'd have to start having more fun than I could ever imagine in this job to even think about OMY. How's everyone else lately? :)
Title: Re: Target FIRE: 2017
Post by: Metta on December 02, 2016, 04:55:50 PM
Yeah, definitely pushing mine back a bit. DW and I have talked a lot recently and she has had enough of her FT job, while mine has become much more tolerable. So, she will be going PT/freelance in a few weeks. Between compensating for that, rental issues, and wanting to pad the startup kitty for my little investment startup here, I'm probably working at least till June. But other than tying up those loose ends, I still don't have much else left to save for.

This will still be a positive move for both of us, even in the very short term. She'll have more time for house stuff so my burden will drop a bit, she'll be able to travel with me when I go for work (which I will be angling to do more often in the new year) as well as taking more vacations (my use of my fed leave has been constrained by her miniscule PTO) and overall we'll both have lower stress levels and more fun.

So, I'm still really excited about things, and firmly in the c/o 2017 as far as I'm concerned. I'd have to start having more fun than I could ever imagine in this job to even think about OMY. How's everyone else lately? :)

I find your perspective comforting. My biggest concern is that my husband will feel exploited with me home and him still working. He keeps telling me that he loves being a tenured professor and that having me home more is a feature, not a bug in the system. And he gives the same reasons you do: more time for house stuff, more time to spend with him, more flexiblity to use his PTO, and so forth. He says that he sees no downside.

As for me, I am counting down the days (28 days as of now), desperately trying to get my work transitioned properly, and tidy up every loose end I can. I am excited and impatient with this rather difficult combination of impatient to go and frustrated that I don't have more time to get everything done.
Title: Re: Target FIRE: 2017
Post by: Daisy on December 02, 2016, 07:42:10 PM
Go Metta, go! It sounds like you have a loving husband. You've earned your FIRE and your husband supports your decisions, so go for it without reservation!
Title: Re: Target FIRE: 2017
Post by: Financial Ascensionist on December 03, 2016, 06:13:13 PM
I am still trending very solidly for June 1st.  The plan is working surprisingly smoothly.
Title: Re: Target FIRE: 2017
Post by: oblivo on December 05, 2016, 05:05:35 PM
My date is March 1, possibly sooner, not later though. Looking good!!!!
Title: Re: Target FIRE: 2017
Post by: zephyr911 on December 07, 2016, 12:31:44 PM

I find your perspective comforting. My biggest concern is that my husband will feel exploited with me home and him still working. He keeps telling me that he loves being a tenured professor and that having me home more is a feature, not a bug in the system. And he gives the same reasons you do: more time for house stuff, more time to spend with him, more flexibility to use his PTO, and so forth. He says that he sees no downside.

As for me, I am counting down the days (28 days as of now), desperately trying to get my work transitioned properly, and tidy up every loose end I can. I am excited and impatient with this rather difficult combination of impatient to go and frustrated that I don't have more time to get everything done.

There are a lot of ways to calculate fairness, for those concerned about it. I've always felt that two people who really trust each other and genuinely care about each other's well-being have the widest latitude to find a happy meeting of the minds on the subject. She's helped me so much in terms of putting my money where my mouth is and shedding consumer habits to achieve my goals that I can honestly say I'm the one who owes her, even if I ended up paying all the bills. As is, even with a estimated 50% pay cut she'll probably still be self-sufficient. Gotta love her.

With that in mind, I actually pushed for this at a couple of points when I saw how unhappy she was coming home every night, knowing it was already on the table, probably a matter of time, and likely to make her happy. She hasn't even done it, but just making up her mind and giving notice has changed her outlook to an unbelievable degree. I really mean that too... I am in actual disbelief. She smiles 10x as much and we're getting along far better.

So, definitely the right call.
Title: Re: Target FIRE: 2017
Post by: zephyr911 on December 07, 2016, 12:33:29 PM
So do you have to be full RE to join this group?  While I am FI currently I am not quite ready to leave my work but do want more time for myself.  So on that note I told my employer that I would like to go to part time as of April 1 for no more than a year, possibly less. I want to do this simply to help transition into the new phase of my life - no reason other than that.  I was thinking three days a week.   Well my employer came back and offered me 2.5 days a week with a rather significant up front payment if I agree to stay one year.  If I stay a second year I will get another significant payment at the end of that year.   So in short I get the transition I wanted, I get some nice additional cash up front and if we can make it work and I enjoy it I will get another significant payment at the end of year 2. So do I qualify for this group or do I have to join those 2019 people?
There are no rules. If you're working your way toward a major life change in '17, track it here. \m/
Title: Re: Target FIRE: 2017
Post by: UnleashHell on December 08, 2016, 07:57:05 PM
my current focus is on healthcare, travel plans and padding for the unknown.
as my annual bonus gets paid in march then anything after that means my average amount per week will start going down!!

so i might move my date up.. it could be open to a part time consulting gig so i get most of the time off while doing a transition with my current job.

I also some small debt to clear up - haven;t concerned myself with it as its very low interest and the money has been better off invested.
Title: Re: Target FIRE: 2017
Post by: Daisy on December 09, 2016, 03:08:47 PM
7 more working days for me in 2016 until my holiday break!

In January, I will assess if my FIRE date in April is feasible.

How are the first quarter 2017'ers doing?
Title: Re: Target FIRE: 2017
Post by: Metta on December 09, 2016, 07:49:07 PM
There are a lot of ways to calculate fairness, for those concerned about it. I've always felt that two people who really trust each other and genuinely care about each other's well-being have the widest latitude to find a happy meeting of the minds on the subject. She's helped me so much in terms of putting my money where my mouth is and shedding consumer habits to achieve my goals that I can honestly say I'm the one who owes her, even if I ended up paying all the bills. As is, even with a estimated 50% pay cut she'll probably still be self-sufficient. Gotta love her.

With that in mind, I actually pushed for this at a couple of points when I saw how unhappy she was coming home every night, knowing it was already on the table, probably a matter of time, and likely to make her happy. She hasn't even done it, but just making up her mind and giving notice has changed her outlook to an unbelievable degree. I really mean that too... I am in actual disbelief. She smiles 10x as much and we're getting along far better.

So, definitely the right call.

You are right, of course. True fairness lies in caring deeply about the other person's well-being. It sounds like you have a wonderful relationship!
Title: Re: Target FIRE: 2017
Post by: FIRE me on December 09, 2016, 09:21:48 PM
7 more working days for me in 2016 until my holiday break!

In January, I will assess if my FIRE date in April is feasible.

How are the first quarter 2017'ers doing?

12 working days left for me until FIRE on January 3rd, assuming I am able to avoid any mandatory overtime.

I am still very bummed about the election result regarding the ACA, but I have fair confidence that I have enough assets to deal with it.
Title: Re: Target FIRE: 2017
Post by: zephyr911 on December 11, 2016, 08:37:15 AM
Trump is already walking back his promises on ACA. At this point there's really no telling what will happen.
For most of us, any additional costs can probably be mitigated in several ways... delay FIRE slightly, cut other costs, PT/self-employed work, etc...
Title: Re: Target FIRE: 2017
Post by: MandalayVA on December 11, 2016, 08:45:53 AM
I am still trending very solidly for June 1st.  The plan is working surprisingly smoothly.

Although it was hinted that it might be February, it looks like my exit date will be June first as well--I know it won't be later than that.
Title: Re: Target FIRE: 2017
Post by: FIRE me on December 11, 2016, 01:28:41 PM
Trump is already walking back his promises on ACA. At this point there's really no telling what will happen.
For most of us, any additional costs can probably be mitigated in several ways... delay FIRE slightly, cut other costs, PT/self-employed work, etc...

Agreed. I think that right now, no one knows, including Trump.

I'm an older guy in my late 50's, so for me it was good news that there will very likely be a multi year phase out, instead of chopping it off in 2018. I'll be that much closer to Medicare when ACA goes away.

Still, my expectation is that by 2020 (if not sooner), I will pay substantially more for substantially less coverage that I would have got with the ACA. I had planned to keep my income just above the Medicaid threshold, to get the maximum premium subsidy and cost sharing benefit.
Title: Re: Target FIRE: 2017
Post by: zephyr911 on December 11, 2016, 01:59:14 PM
Hope for the best and prepare for the worst, amirite!?
Title: Re: Target FIRE: 2017
Post by: SwordGuy on December 11, 2016, 03:14:18 PM
Hope for the best and prepare for the worst, amirite!?

Absolutely!
Title: Re: Target FIRE: 2017
Post by: oneyear on December 14, 2016, 07:35:06 AM
Sorry guys I'm out of the running for next year.


Because I just hit my FIRE amount. Yeooooow
Title: Re: Target FIRE: 2017
Post by: zephyr911 on December 14, 2016, 07:38:13 AM
Sorry guys I'm out of the running for next year.


Because I just hit my FIRE amount. Yeooooow
You give notice already?
Title: Re: Target FIRE: 2017
Post by: oneyear on December 14, 2016, 09:35:23 AM
Sorry guys I'm out of the running for next year.


Because I just hit my FIRE amount. Yeooooow
You give notice already?
Sadly not, it's my business and FIRE for me is a more relaxed approach to work. The gamification of it really.
Title: Re: Target FIRE: 2017
Post by: zephyr911 on December 14, 2016, 09:38:51 AM

Sadly not, it's my business and FIRE for me is a more relaxed approach to work. The gamification of it really.

It's whatever you make it, however you define it.
FIRE for me will still involve two jobs... one I really want to do, and another that only wants 40 days a year in exchange for cheap medical and a ridiculous hourly.

Merry Christmas... you just gave yourself the best present of all. :D
Title: Re: Target FIRE: 2017
Post by: HAFMAC on December 14, 2016, 02:28:27 PM
Add me to the FIRE-2017 list.  I was originally going to FIRE in March, 2017 but then my company got a buyout offer and now I'll wait until August when the deal closes to bank my change of control compensation (over 2 years worth of retirement budget so a nice extra cushion over my FIRE stash).  Counting the days.  For the stats, I'll be 54 when I FIRE.
Title: Re: Target FIRE: 2017
Post by: myhotrs on December 15, 2016, 11:18:59 AM
Anyone here share with their co-workers? I'm pretty sure I've way over-shared as pretty much everyone knows I'm out after bonus next year. We're all pretty friendly here and there is no way I could keep this to myself.

Haven't told my boss, but its unlikely he doesn't know given people talk. I hit my number a few months ago so I'm not worried, just wondering if others here share or keep mum until the big day. I'll let ya'll know if sharing ends up biting me in the ass.
Title: Re: Target FIRE: 2017
Post by: zephyr911 on December 15, 2016, 11:36:14 AM
I'm an unfireable fed so I plan on sharing a few months out. Most of my team, super included, have at least a clue about my plans and know I've put huge amounts of effort into side business, etc., so it won't be a shock.
Title: Re: Target FIRE: 2017
Post by: Freedom17 on December 15, 2016, 11:49:40 AM
I've told colleagues from other parts of the org that I don't work with anymore but nobody in my division. I think as a manager this is more sensitive since I need to keep up the morale of my reports through a particularly rough bout or reorgs and headcount reduction that's currently underway.
Title: Re: Target FIRE: 2017
Post by: penguin159 on December 16, 2016, 10:48:00 PM
Hi guys, I would like to join the class of 2017. I would be more completely sure of never having to work again if I work for one more year, but I have already been counting the months left before I can retire for a couple of years now, and I can't do it anymore.   

Put me down for May 12, 2017.  Can someone add me to the ongoing list, no age please.  I don't want to be identifiable to anyone I work with, in case I want to complain about them here later. :)
Title: Re: Target FIRE: 2017
Post by: SwordGuy on December 17, 2016, 08:12:25 AM
Added Penguin159


Threshkin        (at 59) Graduated to 2016!
Metta            (at 55) January 1, 2017
MrsWhipple       (at 32) January 1, 2017
MsGreenStash     (at 51) January 1, 2017
FIRE me                  January 3, 2017
Zineth           (at 49) January 17, 2017
MarciaB          (at 55) January 31, 2017
rahby1us                 January 31, 2017
mf3333           (at 56) January 31, 2017
Remote_Landlord  (at 39) May 8, 2017
easypeasy        (at 35) March 15, 2017   
Myhotrs          (at 38) March 31, 2017   
oblivion                 March 31, 2017
John Doe                 April 1, 2017
Daisy            (at 48) April 28, 2017
Zephyr911        (at 38) Summer 2017?
Jojo                     ?
MandyM           (at 38) May 1, 2017     
Mrs. Pomodoro            May 1, 2017
Penguin159                 May 12, 2017
Mrs. SwordGuy            May 16, 2017
BNgarden         (at 58) May 16, 2017
Rachael          (at 42) May 21, 2017
RedmondStash             May 31, 2017
Jack06           (at 42) June 1, 2017     
Fairviewite      (at 27) June 1, 2017
Romag                    June 1, 2017
Cottonswab       (at 30) June 1, 2017
Financial Asc.   (at 39) June 1, 2017
Charlie Foxtrot  (at 41) July 1, 2017
Bigchrisb                July 14 2017
Freedom17        (at 38) July 28, 2017
UnleashHell              July 28, 2017
Cookie78         (at 39) August 3, 2017
Jim2001                  December 31, 2017
SwordGuy         (at 59) OMY
noble_goal               OMY

Title: Re: Target FIRE: 2017
Post by: RedmondStash on December 17, 2016, 10:11:16 AM
I'm still on track for end of May, but I have a slight quandary. The stock market is going nuts, and I don't trust it to sustain; I think we're in a bubble that's going to burst sometime in the next 6 months or so.

I know, I know, I can't know that for sure, you can't time the market, and over time it evens out. I'm not trying to time the market. I'm trying to figure out how you correctly evaluate a market that seems to be in a wild swing exactly when you're trying to get a sense of whether you've hit your FI number for realz.

Mostly spouse & I have opted to put a little extra padding into that FI number, but I'm wondering if anyone else is grappling with this, given how near our FIRE dates are now.
Title: Re: Target FIRE: 2017
Post by: SwordGuy on December 17, 2016, 11:08:44 AM
If a 20% swing in the stock market is going to cripple your FI plans, there's not enough padding.

Just my take.

Other folks on this forum are way more adventurous. (And younger, so not subject to age discrimination.)
Title: Re: Target FIRE: 2017
Post by: Daisy on December 17, 2016, 11:37:55 AM
I agree you need padding, especially with a market that might pull back a little.

Another option is to find a side hustle to get you through a down year.

Also have some padding in your expenses for the unknowns. That's why my travel budget is so large. If I have an unexpected health expense in a certain year, I can just cut back on travel. Which is exactly what happened to me this year, which made my yearly expenditures this year almost exact as last year.

We are all almost there, 2017ers!
Title: Re: Target FIRE: 2017
Post by: bigchrisb on December 20, 2016, 10:52:15 PM
Getting some more certainty around my date - going to have my last day on the first day of the new financial year (July 3).  This is to put any leave payouts (about $20k) into the next financial year (Australian tax year), which will be a lower tax year.  Have also booked in an arrival date into a new country for the 10th of August, so its all happening!

On the buffer and resiliance issues, I've suffered OMY syndrome for a while now.  My buffers are:
- My expected spend is lower than my portfolio income (dividends).  I know about the maths of total return, but psychologically this works for me.  Makes me think I'm still having a bit of cash flow.
- I'm intending on holding a years costs in cash.  The rest of the assets are in shares / property. 
- I'm accompanying my (soon to be) wife on a posting overseas for three years.  If FIRE doesn't work out, its a pretty easy story to pitch that I took a three year sabbatical to accompany her, and return to work afterwards.

Next step is trying to convince her that she can also RE after the three years.  Maths and I say she can, but she isn't ready for it - she still has some needs for work for stimulus, ego and goal hitting.

Threshkin        (at 59) Graduated to 2016!
Metta            (at 55) January 1, 2017
MrsWhipple       (at 32) January 1, 2017
MsGreenStash     (at 51) January 1, 2017
FIRE me                  January 3, 2017
Zineth           (at 49) January 17, 2017
MarciaB          (at 55) January 31, 2017
rahby1us                 January 31, 2017
mf3333           (at 56) January 31, 2017
Remote_Landlord  (at 39) May 8, 2017
easypeasy        (at 35) March 15, 2017   
Myhotrs          (at 38) March 31, 2017   
oblivion                 March 31, 2017
John Doe                 April 1, 2017
Daisy            (at 48) April 28, 2017
Zephyr911        (at 38) Summer 2017?
Jojo                     ?
MandyM           (at 38) May 1, 2017     
Mrs. Pomodoro            May 1, 2017
Penguin159                 May 12, 2017
Mrs. SwordGuy            May 16, 2017
BNgarden         (at 58) May 16, 2017
Rachael          (at 42) May 21, 2017
RedmondStash             May 31, 2017
Jack06           (at 42) June 1, 2017     
Fairviewite      (at 27) June 1, 2017
Romag                    June 1, 2017
Cottonswab       (at 30) June 1, 2017
Financial Asc.   (at 39) June 1, 2017
Charlie Foxtrot  (at 41) July 1, 2017
Bigchrisb           (at 35) July 3, 2017
Freedom17        (at 38) July 28, 2017
UnleashHell              July 28, 2017
Cookie78         (at 39) August 3, 2017
Jim2001                  December 31, 2017
SwordGuy         (at 59) OMY
noble_goal               OMY


(p.s. how do you get this table to format?)
Title: Re: Target FIRE: 2017
Post by: zephyr911 on December 21, 2016, 11:11:56 AM
I'm still on track for end of May, but I have a slight quandary. The stock market is going nuts, and I don't trust it to sustain; I think we're in a bubble that's going to burst sometime in the next 6 months or so.

I know, I know, I can't know that for sure, you can't time the market, and over time it evens out. I'm not trying to time the market. I'm trying to figure out how you correctly evaluate a market that seems to be in a wild swing exactly when you're trying to get a sense of whether you've hit your FI number for realz.

Mostly spouse & I have opted to put a little extra padding into that FI number, but I'm wondering if anyone else is grappling with this, given how near our FIRE dates are now.

If I were counting on stock income, hell yes it would affect the calculus. For me, near-term FIRE income is all PT work and rents, so it doesn't matter much.

Where the market uncertainty does affect my thinking: I started my 2nd real estate company in July, and for various reasons, I diverted some of the seed money into dividend stocks to establish some income and let time pass. This is a thing I will run for its own sake regardless of my income needs, and I might delay FIRE just to pump more equity into it, especially if I sense a buying opportunity approaching.
Title: Re: Target FIRE: 2017
Post by: MarciaB on December 23, 2016, 02:41:31 PM
OK - cleaned up the list a bit. We're looking good people!


Metta            (at 55) January 1, 2017
MrsWhipple       (at 32) January 1, 2017
MsGreenStash     (at 51) January 1, 2017
FIRE me                  January 3, 2017
Zineth           (at 49) January 17, 2017
MarciaB          (at 55) January 31, 2017
rahby1us                 January 31, 2017
mf3333           (at 56) January 31, 2017
easypeasy        (at 35) March 15, 2017   
Myhotrs          (at 38) March 31, 2017   
oblivion                 March 31, 2017
John Doe                 April 1, 2017
Daisy            (at 48) April 28, 2017
MandyM           (at 38) May 1, 2017     
Mrs. Pomodoro            May 1, 2017
Remote_Landlord  (at 39) May 8, 2017
Penguin159               May 12, 2017
Mrs. SwordGuy            May 16, 2017
BNgarden         (at 58) May 16, 2017
Rachael          (at 42) May 21, 2017
RedmondStash             May 31, 2017
Jack06           (at 42) June 1, 2017     
Fairviewite      (at 27) June 1, 2017
Romag                    June 1, 2017
Cottonswab       (at 30) June 1, 2017
Financial Asc.   (at 39) June 1, 2017
Zephyr911        (at 38) Summer 2017?
Charlie Foxtrot  (at 41) July 1, 2017
Bigchrisb        (at 35) July 3, 2017
Freedom17        (at 38) July 28, 2017
UnleashHell              July 28, 2017
Cookie78         (at 39) August 3, 2017
Jim2001                  December 31, 2017
SwordGuy         (at 59) OMY
noble_goal               OMY

To get the table to format you need to start with [ font=courier ] at the top of the list (but take out any spaces first). Thanks to SwordGuy for that tip (reply #371).
Title: Re: Target FIRE: 2017
Post by: jack06 on December 24, 2016, 06:58:12 AM
I'm still on track for end of May, but I have a slight quandary. The stock market is going nuts, and I don't trust it to sustain; I think we're in a bubble that's going to burst sometime in the next 6 months or so.

I know, I know, I can't know that for sure, you can't time the market, and over time it evens out. I'm not trying to time the market. I'm trying to figure out how you correctly evaluate a market that seems to be in a wild swing exactly when you're trying to get a sense of whether you've hit your FI number for realz.

Mostly spouse & I have opted to put a little extra padding into that FI number, but I'm wondering if anyone else is grappling with this, given how near our FIRE dates are now.

The way I see it is that if you were on track one year ago, the fact that the stock market seems riskier today because of the recent swing up should not change anything. The cautious thing to do, though, might be to base your SWR on the net worth you would have if the stock market behave more according to the long term expectations.

For the last 10 years or so, I've been using a metric to take into account those swings in the stock market and real estate. For my house, for instance, I keep a long term 2% yearly increase in its worth. Thus in my spreadsheet, I have two values: one is my real estimate of the current value, the other the long term value (which today is lower since the real estate market in my city has increased more than the long term 2% expected increase).

I do the same with my portfolio: I expect a long term real (after inflation) return of 4% for my entire portfolio (including bonds and cash). Thus I have two numbers: my real net worth, and my estimated 'long term' net worth. My estimated long term net worth would be lower than my real net worth in bull markets (like today) and higher in bear markets (it was the case from 2009 to 2013). 

My FIRE trigger is to reach 3.75% on both figures (real and estimated long term net portoflio worth - I exclude the house). The nice thing is, it is easy to predict when my long term net portfolio worth will reach my target since the stock market return is not part of the equation. It would take a big market crash (over 30%) for my real net worth to go below my SWR, given I'm about 60% stock and 40% bonds and cash.
Title: Re: Target FIRE: 2017
Post by: MarciaB on December 24, 2016, 07:56:35 AM
I'm still on track for end of May, but I have a slight quandary. The stock market is going nuts, and I don't trust it to sustain; I think we're in a bubble that's going to burst sometime in the next 6 months or so.

I know, I know, I can't know that for sure, you can't time the market, and over time it evens out. I'm not trying to time the market. I'm trying to figure out how you correctly evaluate a market that seems to be in a wild swing exactly when you're trying to get a sense of whether you've hit your FI number for realz.

Mostly spouse & I have opted to put a little extra padding into that FI number, but I'm wondering if anyone else is grappling with this, given how near our FIRE dates are now.

The way I see it is that if you were on track one year ago, the fact that the stock market seems riskier today because of the recent swing up should not change anything. The cautious thing to do, though, might be to base your SWR on the net worth you would have if the stock market behave more according to the long term expectations.

For the last 10 years or so, I've been using a metric to take into account those swings in the stock market and real estate. For my house, for instance, I keep a long term 2% yearly increase in its worth. Thus in my spreadsheet, I have two values: one is my real estimate of the current value, the other the long term value (which today is lower since the real estate market in my city has increased more than the long term 2% expected increase).

I do the same with my portfolio: I expect a long term real (after inflation) return of 4% for my entire portfolio (including bonds and cash). Thus I have two numbers: my real net worth, and my estimated 'long term' net worth. My estimated long term net worth would be lower than my real net worth in bull markets (like today) and higher in bear markets (it was the case from 2009 to 2013). 

My FIRE trigger is to reach 3.75% on both figures (real and estimated long term net portoflio worth - I exclude the house). The nice thing is, it is easy to predict when my long term net portfolio worth will reach my target since the stock market return is not part of the equation. It would take a big market crash (over 30%) for my real net worth to go below my SWR, given I'm about 60% stock and 40% bonds and cash.

This is really really smart! And did you start this system from day 1? I'm wondering if I could recreate my stuff (from the past 25+ years) and see what this might look like for me. Now where are those statements...
Title: Re: Target FIRE: 2017
Post by: jack06 on December 24, 2016, 09:01:51 AM
This is really really smart! And did you start this system from day 1? I'm wondering if I could recreate my stuff (from the past 25+ years) and see what this might look like for me. Now where are those statements...

Yes and no. Initially my goal was to mitigate my level of anxiety regarding the swings of the stock market and focus more on the long term. When the stock market crashed in 2008-2009, I would stop looking at the my real time net worth and rest my eyes on the long-term figure which was more optimistic (and even growing!). It helped a lot. 

Around 2013-2014, the long-term number finally crossed the real worth. It means that today, I'm also looking at a slightly pessimistic net worth. Does not mean by any way that it predicts the stock market to go down soon. I don't take any action (regarding my investments) based on the figure, for me it is just an additional way to look at my portfolio, a figure that seems to better track the long term value of my investments.

About two years ago, I decided to use it to determine my FIRE date, since I could use it to determine a rather precise date (actually the date would be January 2017, but we are going to celebrate our freedom by traveling 6 months in Europe so I added a few months of work to pay for the travel), as long as I stick to my budget and keep my job. I didn't mention but I also keep provisions for big ticket purchases. My net long term worth also substracts this value. Currently I have about 20k$ set aside (my budget includes 2000$ per year for big ticket spendings that, if not spent, is added to the provision). So if I have unexpected big expenses, as long as it is under 20k$, I will simply 'take' the money from the provision and the long term worth is not impacted.
Title: Re: Target FIRE: 2017
Post by: RedmondStash on December 25, 2016, 10:53:34 AM
I'm still on track for end of May, but I have a slight quandary. The stock market is going nuts, and I don't trust it to sustain; I think we're in a bubble that's going to burst sometime in the next 6 months or so.

I know, I know, I can't know that for sure, you can't time the market, and over time it evens out. I'm not trying to time the market. I'm trying to figure out how you correctly evaluate a market that seems to be in a wild swing exactly when you're trying to get a sense of whether you've hit your FI number for realz.

Mostly spouse & I have opted to put a little extra padding into that FI number, but I'm wondering if anyone else is grappling with this, given how near our FIRE dates are now.

The way I see it is that if you were on track one year ago, the fact that the stock market seems riskier today because of the recent swing up should not change anything. The cautious thing to do, though, might be to base your SWR on the net worth you would have if the stock market behave more according to the long term expectations.

For the last 10 years or so, I've been using a metric to take into account those swings in the stock market and real estate. For my house, for instance, I keep a long term 2% yearly increase in its worth. Thus in my spreadsheet, I have two values: one is my real estimate of the current value, the other the long term value (which today is lower since the real estate market in my city has increased more than the long term 2% expected increase).

I do the same with my portfolio: I expect a long term real (after inflation) return of 4% for my entire portfolio (including bonds and cash). Thus I have two numbers: my real net worth, and my estimated 'long term' net worth. My estimated long term net worth would be lower than my real net worth in bull markets (like today) and higher in bear markets (it was the case from 2009 to 2013). 

My FIRE trigger is to reach 3.75% on both figures (real and estimated long term net portoflio worth - I exclude the house). The nice thing is, it is easy to predict when my long term net portfolio worth will reach my target since the stock market return is not part of the equation. It would take a big market crash (over 30%) for my real net worth to go below my SWR, given I'm about 60% stock and 40% bonds and cash.

Nice. I've thought vaguely about doing something similar -- projecting based on estimated returns rather than existing ones -- but not with that level of precision. Thanks.
Title: Re: Target FIRE: 2017
Post by: dragoncar on December 27, 2016, 03:03:01 PM
Added myself below.  I decided I was FI in 2016, and decided to RE next year after stuffing my 401k.  Not sure the exact date as I haven't given notice yet... it's possible I'll have to GTFO as soon as I do.  I've also had some unfortunate volatility in my portfolio, so I'm not ending the year as strong as I'd like.  So I may end up earning more money later, but for the time being I need to at least take a long sabbatical.


Metta            (at 55) January 1, 2017
MrsWhipple       (at 32) January 1, 2017
MsGreenStash     (at 51) January 1, 2017
FIRE me                  January 3, 2017
Zineth           (at 49) January 17, 2017
MarciaB          (at 55) January 31, 2017
rahby1us                 January 31, 2017
mf3333           (at 56) January 31, 2017
dragoncar                March 1, 2017
easypeasy        (at 35) March 15, 2017   
Myhotrs          (at 38) March 31, 2017   
oblivion                 March 31, 2017
John Doe                 April 1, 2017
Daisy            (at 48) April 28, 2017
MandyM           (at 38) May 1, 2017     
Mrs. Pomodoro            May 1, 2017
Remote_Landlord  (at 39) May 8, 2017
Penguin159               May 12, 2017
Mrs. SwordGuy            May 16, 2017
Rachael          (at 42) May 21, 2017
BNgarden         (at 58) May 31, 2017
RedmondStash             May 31, 2017
Jack06           (at 42) June 1, 2017     
Fairviewite      (at 27) June 1, 2017
Romag                    June 1, 2017
Cottonswab       (at 30) June 1, 2017
Financial Asc.   (at 39) June 1, 2017
Zephyr911        (at 38) Summer 2017?
Charlie Foxtrot  (at 41) July 1, 2017
Bigchrisb        (at 35) July 3, 2017
Freedom17        (at 38) July 28, 2017
UnleashHell              July 28, 2017
Cookie78         (at 39) August 3, 2017
Jim2001                  December 31, 2017
SwordGuy         (at 59) OMY
noble_goal               OMY
Title: Re: Target FIRE: 2017
Post by: FIRE me on December 28, 2016, 09:50:02 AM
Welcome, Dragoncar! 2017 is going to be a great year!
Title: Re: Target FIRE: 2017
Post by: rachael talcott on December 29, 2016, 03:52:17 PM
We've got a bunch of people retiring in the first few days of January.  I want to hear reports on how awesome it is!
Title: Re: Target FIRE: 2017
Post by: Threshkin on December 30, 2016, 01:37:51 PM
We've got a bunch of people retiring in the first few days of January.  I want to hear reports on how awesome it is!

As someone who graduated early (Oct 31) I can tell you it is awesome in general but there are a few glitches in my case.  A silly one is that I have to keep reminding myself to pay bills.  I get on the computer so infrequently any more.

I am getting past an initial phase of not wanting to do anything and starting to get busy again.  Once it warms up I expect to be even more busy.
Title: Re: Target FIRE: 2017
Post by: rachael talcott on December 30, 2016, 06:00:10 PM
We've got a bunch of people retiring in the first few days of January.  I want to hear reports on how awesome it is!

As someone who graduated early (Oct 31) I can tell you it is awesome in general but there are a few glitches in my case.  A silly one is that I have to keep reminding myself to pay bills.  I get on the computer so infrequently any more.

I am getting past an initial phase of not wanting to do anything and starting to get busy again.  Once it warms up I expect to be even more busy.

Retired people problems!

(and can't you put your bills on autopay?  I've done that for years.)
Title: Re: Target FIRE: 2017
Post by: SwordGuy on December 30, 2016, 07:35:30 PM
My darling wife decided to stick it out one more year with me.


Metta            (at 55) January 1, 2017
MrsWhipple       (at 32) January 1, 2017
MsGreenStash     (at 51) January 1, 2017
FIRE me                  January 3, 2017
Zineth           (at 49) January 17, 2017
MarciaB          (at 55) January 31, 2017
rahby1us                 January 31, 2017
mf3333           (at 56) January 31, 2017
dragoncar                March 1, 2017
easypeasy        (at 35) March 15, 2017   
Myhotrs          (at 38) March 31, 2017   
oblivion                 March 31, 2017
John Doe                 April 1, 2017
Daisy            (at 48) April 28, 2017
MandyM           (at 38) May 1, 2017     
Mrs. Pomodoro            May 1, 2017
Remote_Landlord  (at 39) May 8, 2017
Penguin159               May 12, 2017
Rachael          (at 42) May 21, 2017
BNgarden         (at 58) May 31, 2017
RedmondStash             May 31, 2017
Jack06           (at 42) June 1, 2017     
Fairviewite      (at 27) June 1, 2017
Romag                    June 1, 2017
Cottonswab       (at 30) June 1, 2017
Financial Asc.   (at 39) June 1, 2017
Zephyr911        (at 38) Summer 2017?
Charlie Foxtrot  (at 41) July 1, 2017
Bigchrisb        (at 35) July 3, 2017
Freedom17        (at 38) July 28, 2017
UnleashHell              July 28, 2017
Cookie78         (at 39) August 3, 2017
Jim2001                  December 31, 2017
SwordGuy         (at 59) OMY
Mrs. SwordGuy            OMY
noble_goal               OMY
[/quote]
Title: Re: Target FIRE: 2017
Post by: dragoncar on December 30, 2016, 10:32:59 PM
Why isn't she just Swordgal?  Not into swords?
Title: Re: Target FIRE: 2017
Post by: SwordGuy on December 30, 2016, 10:37:54 PM
Why isn't she just Swordgal?  Not into swords?

She's just into SwordGuys.  :)

Also history, pottery, glass fusing, textile arts,  painting, and lots more.   But not swords...
Title: Re: Target FIRE: 2017
Post by: itchyfeet on December 31, 2016, 07:17:34 AM
Happy New Year from Australia.

I wish I was joining you all in freedom this year, but from today my final 2 year countdown starts.

I look forward to hearing your tales as motivation during my final push to freedom.
Title: Re: Target FIRE: 2017
Post by: Metta on December 31, 2016, 08:07:48 AM
My first real day of retirement will be January 1, since all my paperwork says that my last work day is December 31. However, in reality I turned in my laptop, my keys, my badge, and my access to the campus yesterday. I'm free and feeling....  Incredibly tired.

My last two weeks on the job I worked about 170 hours total (including on Christmas Day) in a mad attempt to get everything done, everyone properly transitioned, and to contact the people I'd worked with to say good-bye. (I didn't know that I had so many friends at my workplace, a few of them cried because I was leaving. It was a revelation to me.) Then my husband took me out to dinner last night and I fell asleep shortly afterwards.

I woke this morning and realized that two weeks spent at work means that the first order of business is setting my house in order. We have people coming over for Champagne and gaming so I can't really ignore it until tomorrow. I am not sure when I will feel the retirement truly. Perhaps on Tuesday when everyone else has to go back to work and I can sleep in.
Title: Re: Target FIRE: 2017
Post by: MarciaB on January 01, 2017, 01:44:00 PM
Woohoo! It's 2017!

Let the (retirement) games begin!
Title: Re: Target FIRE: 2017
Post by: RedmondStash on January 01, 2017, 04:36:45 PM
Woohoo! It's 2017!

Let the (retirement) games begin!

I can't wait. Well, I will. But it ain't easy.
Title: Re: Target FIRE: 2017
Post by: Daisy on January 01, 2017, 08:26:50 PM
All we all FIRE'd up?

I'm really enjoying my long holiday off and am not looking forward to returning to the (short) grind soon.
Title: Re: Target FIRE: 2017
Post by: myhotrs on January 01, 2017, 10:36:56 PM
I'm with you Daisy. Haven't been to the office since the 19th and am its been fantastic. A mini FIRE drill.
Title: Re: Target FIRE: 2017
Post by: Cookie78 on January 02, 2017, 07:51:38 AM
Woohoo! It's 2017!

Let the (retirement) games begin!

Wooooooohooooo.
I'm feeling unstoppable the past two days since I took a close look at my financial spreadsheets. Unstoppable! It feels so amazing!
Title: Re: Target FIRE: 2017
Post by: Metta on January 02, 2017, 08:13:41 AM
This is my first real day of retirement. Everyone else has gone back to work but not me. I've been sick since Dec 31 and I woke up this morning thinking to myself, "How sick am I? Can I work from home? Any early morning meetings that I absolutely have to be there for?"

Just as I was about to start my mental whining about a workplace that seems to require work when sick (not officially, of course, but practically) I realized that I didn't have to do anything if I were sick. I could stay in bed and heal. So I went back to sleep. Luxury! Who knew that an expression of ultimate luxury to me would be the ability to take care of myself when sick. I felt just a bit decadent as I burrowed into my covers. Definitely grateful.

One other surprise came to me this weekend when I realized that no one was surveilling me for once. I've removed my workplace's software from my phone, which also allowed them to track me and see other items on my phone (not that I am saying that they do this, but the software allows them to). I hadn't realized that this was a burden on the free expression of my soul until it was gone. And now that I've written it up here my reaction is "Seriously? You thought this didn't affect you? Deluded much?"

There is so much more to freedom from work than being able to sleep late.
Title: Re: Target FIRE: 2017
Post by: rachael talcott on January 02, 2017, 08:31:52 AM
This is my first real day of retirement. Everyone else has gone back to work but not me. I've been sick since Dec 31 and I woke up this morning thinking to myself, "How sick am I? Can I work from home? Any early morning meetings that I absolutely have to be there for?"

Just as I was about to start my mental whining about a workplace that seems to require work when sick (not officially, of course, but practically) I realized that I didn't have to do anything if I were sick. I could stay in bed and heal. So I went back to sleep. Luxury! Who knew that an expression of ultimate luxury to me would be the ability to take care of myself when sick. I felt just a bit decadent as I burrowed into my covers. Definitely grateful.

One other surprise came to me this weekend when I realized that no one was surveilling me for once. I've removed my workplace's software from my phone, which also allowed them to track me and see other items on my phone (not that I am saying that they do this, but the software allows them to). I hadn't realized that this was a burden on the free expression of my soul until it was gone. And now that I've written it up here my reaction is "Seriously? You thought this didn't affect you? Deluded much?"

There is so much more to freedom from work than being able to sleep late.

Congrats!  I still have until May, but I'm already realizing how much I had been talking myself into believing that it really isn't that bad. 
Title: Re: Target FIRE: 2017
Post by: FIRE me on January 02, 2017, 10:47:42 AM
This is my first real day of retirement. Everyone else has gone back to work but not me. I've been sick since Dec 31 and I woke up this morning thinking to myself, "How sick am I? Can I work from home? Any early morning meetings that I absolutely have to be there for?"

Just as I was about to start my mental whining about a workplace that seems to require work when sick (not officially, of course, but practically) I realized that I didn't have to do anything if I were sick. I could stay in bed and heal. So I went back to sleep. Luxury! Who knew that an expression of ultimate luxury to me would be the ability to take care of myself when sick. I felt just a bit decadent as I burrowed into my covers. Definitely grateful.

One other surprise came to me this weekend when I realized that no one was surveilling me for once. I've removed my workplace's software from my phone, which also allowed them to track me and see other items on my phone (not that I am saying that they do this, but the software allows them to). I hadn't realized that this was a burden on the free expression of my soul until it was gone. And now that I've written it up here my reaction is "Seriously? You thought this didn't affect you? Deluded much?"

There is so much more to freedom from work than being able to sleep late.

Congratulations, Metta! Enjoy your well earned rest and freedom!

This is the first long holiday weekend that I ever wanted it to be over with so I can get my last day of work done with and out of the way.

Due to the random production schedule, tomorrow will be a shit day at work for me, but knowing I will never have to do it again will make it all the sweeter.
Title: Re: Target FIRE: 2017
Post by: RedmondStash on January 02, 2017, 01:42:59 PM
This is my first real day of retirement. Everyone else has gone back to work but not me. I've been sick since Dec 31 and I woke up this morning thinking to myself, "How sick am I? Can I work from home? Any early morning meetings that I absolutely have to be there for?"

Just as I was about to start my mental whining about a workplace that seems to require work when sick (not officially, of course, but practically) I realized that I didn't have to do anything if I were sick. I could stay in bed and heal. So I went back to sleep. Luxury! Who knew that an expression of ultimate luxury to me would be the ability to take care of myself when sick. I felt just a bit decadent as I burrowed into my covers. Definitely grateful.

One other surprise came to me this weekend when I realized that no one was surveilling me for once. I've removed my workplace's software from my phone, which also allowed them to track me and see other items on my phone (not that I am saying that they do this, but the software allows them to). I hadn't realized that this was a burden on the free expression of my soul until it was gone. And now that I've written it up here my reaction is "Seriously? You thought this didn't affect you? Deluded much?"

There is so much more to freedom from work than being able to sleep late.

Nice to hear that the water's fine from the other side. I'm hoping the months between now and when I take the plunge go by quickly and smoothly. And profitably.
Title: Re: Target FIRE: 2017
Post by: MrsWhipple on January 02, 2017, 10:01:04 PM
Time to see how my 2017 budget pans out, I guess! Feels weird to be spending more than I'm making, that's for sure. Will be focusing on the new baby 100% and figuring out whether we should move to a lower COL area. We have plenty of buffer in case we need to do part time work, and I'm already starting to miss teaching/tutoring, so I may go back to that field in the future.

Big Audacious Goal: create a math "curriculum" based on games and puzzles, both for my kid and for other homeschooled kids.. I plan to homeschool, but we'll see once she's older I suppose! I'd also like to make new friends in the homeschooling community around here to grow my social group.

Whew! Feels good, man :)
Title: Re: Target FIRE: 2017
Post by: SwordGuy on January 02, 2017, 10:53:39 PM
Well, I went thru the numbers as best I can at the moment and we officially qualify as having OMY disease.

In principle, we could quit our jobs tomorrow and sell our stock out of 401ks and other investments to pay off our mortgage, our HELOC, repair our two not-year-ready rentals, and he repairs on the mid-century modern house we bought to fix and flip.  And then give away that house instead of flipping it.

We could never make a dime on our stock investments and still run a surplus (not counting the $20,000 to fix up the two rentals, $150,000 to fix up the flip, and the $180,000 to pay off the mortgage and the $40,000 to pay off the HELOC).

We really should retire at the end of this spring semester.

But my wife is on board to retire one year after that.   And, frankly, so am I.

We both feel much better having a firehose of cash coming in while we'll be spending so much on the flip house.

It's that $390,000 of cash outflow that's mighty scary.   Our salaries after taxes will cover $178,000 of that outlay over the next 17 months.   That gets us down to just $212,000 taken out of the stash, which is still a scary amount.  However, at that point in time, we should be within 6 months of finishing the flip (and all the big expenses would be known by then), which would bring in at least $250,000, which leaves the current stash amount intact or even bigger. 

I'm not a genius financial analyst, but the reason we actually **have** a stash is because once we saved some money we just didn't spend it.  It was out of bounds.   

We might invest it, but we didn't spend it.  And frankly, I would like to keep it that way.    Intellectually I know that a flexible implementation of the 4% rule allows you to sell stock to live off of and you're not likely to run out of money - ever.  But there's intellectually knowing something and then there's sleeping well at night.   

Plus, since the biggest danger to a stock portfolio is a sequence of returns risk, it seems like the biggest safety feature for the portfolio is not to have to use it for daily living for the first 10 years.  Or even better, ever, which is where we should be within the year.

Yep, we're definitely two victims of OMY syndrome.

If we get all our rentals fixed up and rented, and health care for me will be affordable, and all the big ticket items on the flip (Roof, HVAC, Electrical, Plumbing, Mold Remediation, Heating Oil tank fill-up/removal and acceptance on the 40% Historical Property Repair Tax Credit ) all come in on or under budget, I may FIRE at that time instead of waiting for my wife to finish teaching her school year.  Here's hoping I'm back on this list before the end of the year!






Title: Re: Target FIRE: 2017
Post by: zephyr911 on January 03, 2017, 02:05:47 PM
DW's last day of FT work is tomorrow, and while she's probably still going to work better than half-time, it's kind of a momentous occasion for me, because I don't expect her to ever have a FT job again and I still plan on following within the year. This will mean much more flexibility for both of us, and more time off (her limited PTO has been a real hindrance to travel) and we'll still have a collective SR well over 50% to bring us down the home stretch.
Feels good to be headed in the right direction here.
Title: Re: Target FIRE: 2017
Post by: Metta on January 03, 2017, 03:21:48 PM
DW's last day of FT work is tomorrow, and while she's probably still going to work better than half-time, it's kind of a momentous occasion for me, because I don't expect her to ever have a FT job again and I still plan on following within the year. This will mean much more flexibility for both of us, and more time off (her limited PTO has been a real hindrance to travel) and we'll still have a collective SR well over 50% to bring us down the home stretch.
Feels good to be headed in the right direction here.

That is excellent, Zephyr and congratulations to Mrs. Zephyr! Excellent SR as well!
Title: Re: Target FIRE: 2017
Post by: Metta on January 03, 2017, 03:24:05 PM

Nice to hear that the water's fine from the other side. I'm hoping the months between now and when I take the plunge go by quickly and smoothly. And profitably.

So far the water is awesome. No sharks that I can see. Looking forward to seeing you in the surf with the rest of us FIRE'rs!
Title: Re: Target FIRE: 2017
Post by: zephyr911 on January 03, 2017, 03:25:38 PM
That is excellent, Zephyr and congratulations to Mrs. Zephyr! Excellent SR as well!
There was a lot of luck involved, but thanks. I'd like to get it back over 60% for the rest of my FT employment period.
Title: Re: Target FIRE: 2017
Post by: Metta on January 03, 2017, 03:26:00 PM
If we get all our rentals fixed up and rented, and health care for me will be affordable, and all the big ticket items on the flip (Roof, HVAC, Electrical, Plumbing, Mold Remediation, Heating Oil tank fill-up/removal and acceptance on the 40% Historical Property Repair Tax Credit ) all come in on or under budget, I may FIRE at that time instead of waiting for my wife to finish teaching her school year.  Here's hoping I'm back on this list before the end of the year!

We'll keep your seat warm in the Class of 2017. Hopefully the expenses will come in under budget!
Title: Re: Target FIRE: 2017
Post by: Metta on January 03, 2017, 03:27:15 PM
That is excellent, Zephyr and congratulations to Mrs. Zephyr! Excellent SR as well!
There was a lot of luck involved, but thanks. I'd like to get it back over 60% for the rest of my FT employment period.

There is always luck (bad and good) in this game. The question is what you do with your luck that makes the difference.
Title: Re: Target FIRE: 2017
Post by: SwordGuy on January 03, 2017, 05:21:36 PM
That is excellent, Zephyr and congratulations to Mrs. Zephyr! Excellent SR as well!
There was a lot of luck involved, but thanks. I'd like to get it back over 60% for the rest of my FT employment period.

There is always luck (bad and good) in this game. The question is what you do with your luck that makes the difference.

That is SO VERY true!

Case in point:  Hail storm totals both our cars.   Only cosmetic damage, though.   Everyone else lost their deductible (at least) by fixing their car or buying a new one.   We bought our totaled cars back for pennies on the dollar and put $10,000 in our pocket.  (Which we didn't rush out and spend right away, as that money would be needed to replace the car it was ruined in a accident, for example.)

Same situation.  Two different responses.    We got a $200 trade in when we finally replaced my wife's car some years later.  I'm still driving mine.  :)
Title: Re: Target FIRE: 2017
Post by: FIRE me on January 03, 2017, 10:15:18 PM
I'm FIRE'd. My locker is cleaned out and I will return on Friday (I scheduled personal days for Wednesday, Thursday and Friday) to give HR their keys, time card, parking permit, and security badge.

The day felt oddly anticlimactic. I expected a manic grin and a pounding heart, especially at the end of the day. That didn't happen.  I have had the last day before a week of vacation go slower and felt more anticipation. I guess it will sink in later, in a good way.

It was a little hard to stay focused on the job.

On of the most satisfying moments of the day was deleting a daily alarm on my phone that alerted me to the end of my lunch break. I won't be needing that any more.
Title: Re: Target FIRE: 2017
Post by: Threshkin on January 03, 2017, 11:01:13 PM
We've got a bunch of people retiring in the first few days of January.  I want to hear reports on how awesome it is!

As someone who graduated early (Oct 31) I can tell you it is awesome in general but there are a few glitches in my case.  A silly one is that I have to keep reminding myself to pay bills.  I get on the computer so infrequently any more.

I am getting past an initial phase of not wanting to do anything and starting to get busy again.  Once it warms up I expect to be even more busy.

Retired people problems!

(and can't you put your bills on autopay?  I've done that for years.)

I have some on autopay but have been resistant because I don't like letting others have the ability to withdraw money from my account.  That resistance is fading now that I don't spend all day in front of my computer for work.
Title: Re: Target FIRE: 2017
Post by: Freedom17 on January 04, 2017, 06:16:27 AM
Is anyone having a really hard time being engaged at work? I've been working 9:30 - 4 these days and even that has become a struggle. I had a little work to keep me busy but they keep giving me new people and by the time I gave them something to do there was nothing really left for me. I've been taking long lunches and listening to coursera courses but things are going so slowly.
Title: Re: Target FIRE: 2017
Post by: MandyM on January 04, 2017, 06:48:17 AM
Is anyone having a really hard time being engaged at work? I've been working 9:30 - 4 these days and even that has become a struggle. I had a little work to keep me busy but they keep giving me new people and by the time I gave them something to do there was nothing really left for me. I've been taking long lunches and listening to coursera courses but things are going so slowly.

*raises hand earnestly* YES. Although, I've been struggling for months now. I chose May 1 as my FIRE date, but I will be talking to my boss in the next week or two about going part time. So, sort of pulling the plug early, sort of delaying. I look at it as the former.
Title: Re: Target FIRE: 2017
Post by: Acastus on January 04, 2017, 11:25:36 AM
As Fiona says in "Shrek," I know it's today.

Everything looks good on paper for sometime this year. I would like to build a small cushion to finance some of my son's college in 2-3 years. I need to see what happens to healthcare. I was really counting on Obamacare, with a subsidized cost of ~$400/mo for my family. That will all go down in flames this year, I am sure.

I got group insurance through the Chamber of Commerce in MA before ACA/Romneycare kicked in. That should reappear for anyone that is self employed, even at the hobbiest level.
Title: Re: Target FIRE: 2017
Post by: zephyr911 on January 04, 2017, 12:39:24 PM
As Fiona says in "Shrek," I know it's today.

Everything looks good on paper for sometime this year. I would like to build a small cushion to finance some of my son's college in 2-3 years. I need to see what happens to healthcare. I was really counting on Obamacare, with a subsidized cost of ~$400/mo for my family. That will all go down in flames this year, I am sure.

It ain't over till it's over. A full repeal without comprehensive substitute options in place would be a disaster for the GOP. The reality they don't like to admit is that middle-America red states (OK, the ones that actually let it happen) saw the highest proportion of their residents benefit from this... you know, the states with the most poverty, worst health, and lowest proportion of jobs with benefits?

It will be interesting to see.
Title: Re: Target FIRE: 2017
Post by: Metta on January 04, 2017, 09:03:57 PM
I'm FIRE'd. My locker is cleaned out and I will return on Friday (I scheduled personal days for Wednesday, Thursday and Friday) to give HR their keys, time card, parking permit, and security badge.

The day felt oddly anticlimactic. I expected a manic grin and a pounding heart, especially at the end of the day. That didn't happen.  I have had the last day before a week of vacation go slower and felt more anticipation. I guess it will sink in later, in a good way.

It was a little hard to stay focused on the job.

On of the most satisfying moments of the day was deleting a daily alarm on my phone that alerted me to the end of my lunch break. I won't be needing that any more.

Woohoo! Congratulations. Slide right in to our FIREd warm water.
Title: Re: Target FIRE: 2017
Post by: Acastus on January 05, 2017, 11:32:10 AM

It ain't over till it's over. A full repeal without comprehensive substitute options in place would be a disaster for the GOP. The reality they don't like to admit is that middle-America red states (OK, the ones that actually let it happen) saw the highest proportion of their residents benefit from this... you know, the states with the most poverty, worst health, and lowest proportion of jobs with benefits?

It will be interesting to see.

The GOP has been the party of No so long, I don't think they know how to create legislation anymore. A handful of senators seem to have reservations about repeal and ... <crickets>, so the next couple months should be interesting. The remainder just want to kill healthcare because it is named "Obama." Never mind they named it that. Maybe they will fail to kill it, then I can FIRE.

As something of a Yankee, I am bemused that many citizens think the GOP wants to fix the ACA. The party and their prexy have only ever said they would repeal it.
Title: Re: Target FIRE: 2017
Post by: FrugalAussie on January 05, 2017, 04:09:53 PM
I resigned yesterday!

About 20 years ago, during a visit to the US (I'm Australian), I read the book Your Money or Your Life. As a sole parent on a low/average variable income I struggled financially for so long that I did despair if I'd ever get ahead financially. Some years were incredibly lean and so very stressful. Two strategies I could implement were to avoid non-housing debt and to build experience and skill in my profession.  When my youngest child turned 16 my income started to climb significantly so I could aggressively save. Now, at the age of 51, I can afford to comfortably retire.

Six years ago I met my partner, he's also frugal and a saver.  He too can afford to retire.  Today he goes to work to put in place his retirement plan.

My boss is reluctant to let me go so my exit from work will be somewhat graduated, the same for my SO, but by the end of this year we will definitely both be FIRE.

As many have said before me, MMM has been a godsend.  Retiring early is counter cultural for the majority of Australians and most of the people I know have spending habits that aren't conducive to saving. While I've tried to champion frugal choices I have felt like a bit of a weirdo at times. By lurking on the MMM forums my FIRE goal has been reaffirmed so I've moved forward and now here I am, in the last few months of work. THANK YOU all.
Title: Re: Target FIRE: 2017
Post by: Freedom17 on January 05, 2017, 05:52:04 PM
That's fantastic. Congratulations!
Title: Re: Target FIRE: 2017
Post by: Daisy on January 05, 2017, 06:04:16 PM
FrugalAussie, it sounds like you were able to FIRE on your own efforts as a single mom which is amazing...and then you met a nice frugal man which probably makes it even easier to FIRE!

That's my dream (as a single woman)...although happily single too. I think MMM had a post about a woman that FIRE'D to become a kayak guide and then met here dream partner that was doing the same.

Congratulations!
Title: Re: Target FIRE: 2017
Post by: FrugalAussie on January 05, 2017, 07:01:53 PM
Hi Daisy.  If my relationship ended tomorrow I could still FIRE.  I'm fiercely independent so it's very important to me that I'm financially secure myself. Having said that, you're right, having a partner who has the same goal is fantastic as we support each other and ensure we have fun along the way.  We also check each other when we think we might be crossing over from frugal to cheap!
Title: Re: Target FIRE: 2017
Post by: Metta on January 05, 2017, 07:10:24 PM
I resigned yesterday!

About 20 years ago, during a visit to the US (I'm Australian), I read the book Your Money or Your Life. As a sole parent on a low/average variable income I struggled financially for so long that I did despair if I'd ever get ahead financially. Some years were incredibly lean and so very stressful. Two strategies I could implement were to avoid non-housing debt and to build experience and skill in my profession.  When my youngest child turned 16 my income started to climb significantly so I could aggressively save. Now, at the age of 51, I can afford to comfortably retire.

Six years ago I met my partner, he's also frugal and a saver.  He too can afford to retire.  Today he goes to work to put in place his retirement plan.

My boss is reluctant to let me go so my exit from work will be somewhat graduated, the same for my SO, but by the end of this year we will definitely both be FIRE.

As many have said before me, MMM has been a godsend.  Retiring early is counter cultural for the majority of Australians and most of the people I know have spending habits that aren't conducive to saving. While I've tried to champion frugal choices I have felt like a bit of a weirdo at times. By lurking on the MMM forums my FIRE goal has been reaffirmed so I've moved forward and now here I am, in the last few months of work. THANK YOU all.

That's excellent FrugalAussie! We were also inspired by YMOYL about 20 years ago. So we are sort of YMOYL sisters. :)
Title: Re: Target FIRE: 2017
Post by: John Doe on January 05, 2017, 07:14:27 PM
I go to PT on April 1 and to celebrate my 'semi' RE, we just booked a 10 day trip to Paris leaving on April 9!!!!  Wow this is really happening......
Title: Re: Target FIRE: 2017
Post by: BNgarden on January 05, 2017, 07:20:55 PM


Metta            (at 55) January 1, 2017
MrsWhipple       (at 32) January 1, 2017
MsGreenStash     (at 51) January 1, 2017
FIRE me                  January 3, 2017
Zineth           (at 49) January 17, 2017
MarciaB          (at 55) January 31, 2017
rahby1us                 January 31, 2017
mf3333           (at 56) January 31, 2017
dragoncar                March 1, 2017
easypeasy        (at 35) March 15, 2017   
Myhotrs          (at 38) March 31, 2017   
oblivion                 March 31, 2017
John Doe                 April 1, 2017
Daisy            (at 48) April 28, 2017
MandyM           (at 38) May 1, 2017     
Mrs. Pomodoro            May 1, 2017
Remote_Landlord  (at 39) May 8, 2017
Penguin159               May 12, 2017
Rachael          (at 42) May 21, 2017
BNgarden         (at 58) May 24, 2017
RedmondStash             May 31, 2017
Jack06           (at 42) June 1, 2017     
Fairviewite      (at 27) June 1, 2017
Romag                    June 1, 2017
Cottonswab       (at 30) June 1, 2017
Financial Asc.   (at 39) June 1, 2017
Zephyr911        (at 38) Summer 2017?
Charlie Foxtrot  (at 41) July 1, 2017
Bigchrisb        (at 35) July 3, 2017
Freedom17        (at 38) July 28, 2017
UnleashHell              July 28, 2017
Cookie78         (at 39) August 3, 2017
Jim2001                  December 31, 2017
SwordGuy         (at 59) OMY
Mrs. SwordGuy            OMY
noble_goal               OMY
Updated: handed in resignation letter today, moved date back up a week... recruitment starts next week for replacement.  YAY!
Title: Re: Target FIRE: 2017
Post by: SwordGuy on January 06, 2017, 08:54:27 PM
Added a confirmation link  for those who said they are FIRED to the message where they announced it.  (A trick I borrowed
from the 2016 thread.)  Plus added FrugalAussie and Threshkin.


Threshkin                Oct 31st, 2016 Confirmed (http://forum.mrmoneymustache.com/throw-down-the-gauntlet/target-fire-2017/msg1358430/#msg1358430)
Metta            (at 55) January 1, 2017 Confirmed (http://forum.mrmoneymustache.com/throw-down-the-gauntlet/target-fire-2017/msg1359219/#msg1359219)
MrsWhipple       (at 32) January 1, 2017 Confirmed (http://forum.mrmoneymustache.com/throw-down-the-gauntlet/target-fire-2017/msg1362208/#msg1362208)
MsGreenStash     (at 51) January 1, 2017
FIRE me                  January 3, 2017 Confirmed (http://forum.mrmoneymustache.com/throw-down-the-gauntlet/target-fire-2017/msg1359219/#msg1359219)
FrugalAussie             January 4, 2017 Confirmed (http://forum.mrmoneymustache.com/throw-down-the-gauntlet/target-fire-2017/msg1366715/#msg1366715)
Zineth           (at 49) January 17, 2017
MarciaB          (at 55) January 31, 2017
rahby1us                 January 31, 2017
mf3333           (at 56) January 31, 2017
dragoncar                March 1, 2017
easypeasy        (at 35) March 15, 2017   
Myhotrs          (at 38) March 31, 2017   
oblivion                 March 31, 2017
John Doe                 April 1, 2017
Daisy            (at 48) April 28, 2017
MandyM           (at 38) May 1, 2017     
Mrs. Pomodoro            May 1, 2017
Remote_Landlord  (at 39) May 8, 2017
Penguin159               May 12, 2017
Rachael          (at 42) May 21, 2017
BNgarden         (at 58) May 24, 2017
RedmondStash             May 31, 2017
Jack06           (at 42) June 1, 2017     
Fairviewite      (at 27) June 1, 2017
Romag                    June 1, 2017
Cottonswab       (at 30) June 1, 2017
Financial Asc.   (at 39) June 1, 2017
Zephyr911        (at 38) Summer 2017?
Charlie Foxtrot  (at 41) July 1, 2017
Bigchrisb        (at 35) July 3, 2017
Freedom17        (at 38) July 28, 2017
UnleashHell              July 28, 2017
Cookie78         (at 39) August 3, 2017
MonkeyJenga      (at 31) Summer/Fall 2017         
Jim2001                  December 31, 2017
SwordGuy         (at 59) OMY
Mrs. SwordGuy            OMY
noble_goal               OMY
Title: Re: Target FIRE: 2017
Post by: SachaFiscal on January 07, 2017, 10:49:23 AM
I feel a little premature posting here but I've been seriously thinking about retiring from my current career this year.  I'm not sure about exact date yet but possibilities include late summer after my current project ends before I get transferred to another program that would likely be very stressful, or at the end of the year in December after some company stock vests.  For now I will say December 1, 2017 as my last day.

I turned 40 early last year and it has weighed heavily on me. There's a lot of things I've been putting on hold because I've been so focused on my career for the past 18 years.  I've always felt out of place in a corporate environment and have been trying to figure out a way to get out and do something I find more fulfilling. I just couldn't ever figure out what that thing was and how I could make enough money at it.  I felt like I wanted to have more free time to try different things to see what else I excelled at and what else I was interested in.  Exploring these things while working doesn't seem to be working for me as I am exhausted at the end of each day and only feel recovered enough to do anything new at the end of a two week vacation (when it is time to go back to work).  I feel like I can't really be myself in a corporate environment and I don't have much in common with the people I work with.

I found MMM a few years ago and finally found my out. We don't quite have enough to both retire yet but my husband still wants to work for at least a few more years so we should be able to both live off of his salary and just let the stash grow for a few years until we have enough.  And who knows, I may find something else to do that I love and makes money and aligns with my values.  But I'm lucky that I don't have to worry about the money and can just explore different options.

I'm planning on taking a couple months leave early this year which may change my plans.  I may love it so much that I just quit right after or I may be well rested and feel able to work for a bit longer.  It is a little scary making such a big change and leaving something that I've been used to for so long and is safe/secure. I go back and forth each day thinking I'll quit this year then later thinking I'll stay until 2018.  Reading all the stories from the 2016 cohort really inspired me though.  So I'd like to put my name in for 2017.

@Metta, it sounds like you were quite critical to your employer.  How did you tell them you wanted to retire and how did they take it?
Title: Re: Target FIRE: 2017
Post by: FIRE me on January 07, 2017, 02:39:24 PM
Cool idea, Swordguy. But it looks like there was a copy and paste error, my link pointed to Metta's announcement. I think it is fixed now.


Threshkin                Oct 31st, 2016 Confirmed (http://forum.mrmoneymustache.com/throw-down-the-gauntlet/target-fire-2017/msg1358430/#msg1358430)
Metta            (at 55) January 1, 2017 Confirmed (http://forum.mrmoneymustache.com/throw-down-the-gauntlet/target-fire-2017/msg1359219/#msg1359219)
MrsWhipple       (at 32) January 1, 2017 Confirmed (http://forum.mrmoneymustache.com/throw-down-the-gauntlet/target-fire-2017/msg1362208/#msg1362208)
MsGreenStash     (at 51) January 1, 2017
FIRE me                  January 3, 2017 Confirmed (http://forum.mrmoneymustache.com/throw-down-the-gauntlet/target-fire-2017/msg1363843/#msg1363843)
FrugalAussie             January 4, 2017 Confirmed (http://forum.mrmoneymustache.com/throw-down-the-gauntlet/target-fire-2017/msg1366715/#msg1366715)
Zineth           (at 49) January 17, 2017
MarciaB          (at 55) January 31, 2017
rahby1us                 January 31, 2017
mf3333           (at 56) January 31, 2017
dragoncar                March 1, 2017
easypeasy        (at 35) March 15, 2017   
Myhotrs          (at 38) March 31, 2017   
oblivion                 March 31, 2017
John Doe                 April 1, 2017
Daisy            (at 48) April 28, 2017
MandyM           (at 38) May 1, 2017     
Mrs. Pomodoro            May 1, 2017
Remote_Landlord  (at 39) May 8, 2017
Penguin159               May 12, 2017
Rachael          (at 42) May 21, 2017
BNgarden         (at 58) May 24, 2017
RedmondStash             May 31, 2017
Jack06           (at 42) June 1, 2017     
Fairviewite      (at 27) June 1, 2017
Romag                    June 1, 2017
Cottonswab       (at 30) June 1, 2017
Financial Asc.   (at 39) June 1, 2017
Zephyr911        (at 38) Summer 2017?
Charlie Foxtrot  (at 41) July 1, 2017
Bigchrisb        (at 35) July 3, 2017
Freedom17        (at 38) July 28, 2017
UnleashHell              July 28, 2017
Cookie78         (at 39) August 3, 2017
MonkeyJenga      (at 31) Summer/Fall 2017         
Jim2001                  December 31, 2017
SwordGuy         (at 59) OMY
Mrs. SwordGuy            OMY
noble_goal               OMY

Title: Re: Target FIRE: 2017
Post by: SwordGuy on January 07, 2017, 02:49:23 PM
Thanks.  I popped into the 2016 cohort thread and was tickled pink to see all those confirmed FIRE dates!
Title: Re: Target FIRE: 2017
Post by: CanuckExpat on January 07, 2017, 02:57:25 PM
Thanks.  I popped into the 2016 cohort thread and was tickled pink to see all those confirmed FIRE dates!

Here's a link for the lazy and curious: http://forum.mrmoneymustache.com/welcome-to-the-forum/class-of-2016/msg1365276/#msg1365276
Title: Re: Target FIRE: 2017
Post by: SachaFiscal on January 07, 2017, 04:17:07 PM
Added myself :)


Threshkin                Oct 31st, 2016 Confirmed (http://forum.mrmoneymustache.com/throw-down-the-gauntlet/target-fire-2017/msg1358430/#msg1358430)
Metta            (at 55) January 1, 2017 Confirmed (http://forum.mrmoneymustache.com/throw-down-the-gauntlet/target-fire-2017/msg1359219/#msg1359219)
MrsWhipple       (at 32) January 1, 2017 Confirmed (http://forum.mrmoneymustache.com/throw-down-the-gauntlet/target-fire-2017/msg1362208/#msg1362208)
MsGreenStash     (at 51) January 1, 2017
FIRE me                  January 3, 2017 Confirmed (http://forum.mrmoneymustache.com/throw-down-the-gauntlet/target-fire-2017/msg1363843/#msg1363843)
FrugalAussie             January 4, 2017 Confirmed (http://forum.mrmoneymustache.com/throw-down-the-gauntlet/target-fire-2017/msg1366715/#msg1366715)
Zineth           (at 49) January 17, 2017
MarciaB          (at 55) January 31, 2017
rahby1us                 January 31, 2017
mf3333           (at 56) January 31, 2017
dragoncar                March 1, 2017
easypeasy        (at 35) March 15, 2017   
Myhotrs          (at 38) March 31, 2017   
oblivion                 March 31, 2017
John Doe                 April 1, 2017
Daisy            (at 48) April 28, 2017
MandyM           (at 38) May 1, 2017     
Mrs. Pomodoro            May 1, 2017
Remote_Landlord  (at 39) May 8, 2017
Penguin159               May 12, 2017
Rachael          (at 42) May 21, 2017
BNgarden         (at 58) May 24, 2017
RedmondStash             May 31, 2017
Jack06           (at 42) June 1, 2017     
Fairviewite      (at 27) June 1, 2017
Romag                    June 1, 2017
Cottonswab       (at 30) June 1, 2017
Financial Asc.   (at 39) June 1, 2017
Zephyr911        (at 38) Summer 2017?
Charlie Foxtrot  (at 41) July 1, 2017
Bigchrisb        (at 35) July 3, 2017
Freedom17        (at 38) July 28, 2017
UnleashHell              July 28, 2017
Cookie78         (at 39) August 3, 2017
MonkeyJenga      (at 31) Summer/Fall 2017
SashaFiscal      (at 41) December 1, 2017   
Jim2001                  December 31, 2017
SwordGuy         (at 59) OMY
Mrs. SwordGuy            OMY
noble_goal               OMY

Title: Re: Target FIRE: 2017
Post by: Metta on January 08, 2017, 09:14:35 AM
@Metta, it sounds like you were quite critical to your employer.  How did you tell them you wanted to retire and how did they take it?

Welcome SaschaFiscal!

I told my management June or July of 2015 with the hope that this would galvanize them into supporting the retirement of my application (which they had been paying lip service to for about 5 years). Before I ended up with a new manager, I warned her that she may not want me because I was retiring in November, 2016. She had me re-orged under her anyway because she thought I would change my mind if I were exposed to her lovely personality (and she is a lovely person). And I did change my mind. I moved my retirement date to January 1, 2017.

For the last year and a half people have been delusional on this, with most sure that i would change my mind. And, in fact, during my last week two people suggested that I would change my mind at the end. I kept saying "I've eaten the retirement cake. There's no turning back now." But it didn't matter because in their narrative these were the facts:

1) Metta is too young to retire
2) She can't possibly have enough money to retire
3) They need Metta and she is a nice person who wouldn't abandon the work group.

On my last day this was replaced with a new narrative:

  -- Metta will be back as a consultant because <see reasons 1-3 above>

Denial. It's not just a river in Egypt.
Title: Re: Target FIRE: 2017
Post by: FIRE me on January 08, 2017, 12:18:51 PM
Added a confirmation link  for those who said they are FIRED to the message where they announced it.  (A trick I borrowed
from the 2016 thread.)  Plus added FrugalAussie and Threshkin.


MsGreenStash     (at 51) January 1, 2017


I got curious about MsGreenStash, who hasn't posted (confirmed) her January 1 retirement. Rather than PM, I looked at her post history. Very sparse posts (3 total) and last log in was October 21, 2016. So I assume she is alive, well, and retired, and has just moved on to other things.
Title: Re: Target FIRE: 2017
Post by: zinethstache on January 08, 2017, 03:23:53 PM
I officially resigned on 1/3, we negotiated my last day at 1/27, I've updated my date and set it to Confirmed! So excited:)

Threshkin                Oct 31st, 2016 Confirmed
Metta            (at 55) January 1, 2017 Confirmed
MrsWhipple       (at 32) January 1, 2017 Confirmed
MsGreenStash     (at 51) January 1, 2017
FIRE me                  January 3, 2017 Confirmed
FrugalAussie             January 4, 2017 Confirmed
Zineth           (at 49) January 27, 2017 Confirmed
MarciaB          (at 55) January 31, 2017
rahby1us                 January 31, 2017
mf3333           (at 56) January 31, 2017
dragoncar                March 1, 2017
easypeasy        (at 35) March 15, 2017   
Myhotrs          (at 38) March 31, 2017   
oblivion                 March 31, 2017
John Doe                 April 1, 2017
Daisy            (at 48) April 28, 2017
MandyM           (at 38) May 1, 2017     
Mrs. Pomodoro            May 1, 2017
Remote_Landlord  (at 39) May 8, 2017
Penguin159               May 12, 2017
Rachael          (at 42) May 21, 2017
BNgarden         (at 58) May 24, 2017
RedmondStash             May 31, 2017
Jack06           (at 42) June 1, 2017     
Fairviewite      (at 27) June 1, 2017
Romag                    June 1, 2017
Cottonswab       (at 30) June 1, 2017
Financial Asc.   (at 39) June 1, 2017
Zephyr911        (at 38) Summer 2017?
Charlie Foxtrot  (at 41) July 1, 2017
Bigchrisb        (at 35) July 3, 2017
Freedom17        (at 38) July 28, 2017
UnleashHell              July 28, 2017
Cookie78         (at 39) August 3, 2017
MonkeyJenga      (at 31) Summer/Fall 2017
SashaFiscal      (at 41) December 1, 2017   
Jim2001                  December 31, 2017
SwordGuy         (at 59) OMY
Mrs. SwordGuy            OMY
noble_goal               OMY
Title: Re: Target FIRE: 2017
Post by: dragoncar on January 09, 2017, 07:27:08 AM
Started quietly moving stuff out of my office.  Mostly personal stuff in drawers so it won't be obvious I'm clearing out (I've still got diplomas and art hanging on the walls).  It's not like I've been there decades, but the the junk certainly accumulates over the years.
Title: Re: Target FIRE: 2017
Post by: rahby1us on January 09, 2017, 01:45:06 PM
Changing my date from Jan 31 to June-ish as 1) layoffs seem imminent and I'm hellbent on getting picked 2) if layoffs don't occur in time, i'll bounce in June when bonuses are dist. Can hardly wait... but i guess i will for a price

Threshkin                Oct 31st, 2016 Confirmed
Metta            (at 55) January 1, 2017 Confirmed
MrsWhipple       (at 32) January 1, 2017 Confirmed
MsGreenStash     (at 51) January 1, 2017
FIRE me                  January 3, 2017 Confirmed
FrugalAussie             January 4, 2017 Confirmed
Zineth           (at 49) January 27, 2017 Confirmed
MarciaB          (at 55) January 31, 2017
mf3333           (at 56) January 31, 2017
dragoncar                March 1, 2017
easypeasy        (at 35) March 15, 2017   
Myhotrs          (at 38) March 31, 2017   
oblivion                 March 31, 2017
John Doe                 April 1, 2017
Daisy            (at 48) April 28, 2017
MandyM           (at 38) May 1, 2017     
Mrs. Pomodoro            May 1, 2017
Remote_Landlord  (at 39) May 8, 2017
Penguin159               May 12, 2017
Rachael          (at 42) May 21, 2017
BNgarden         (at 58) May 24, 2017
RedmondStash             May 31, 2017
Jack06           (at 42) June 1, 2017     
Fairviewite      (at 27) June 1, 2017
Romag                    June 1, 2017
Cottonswab       (at 30) June 1, 2017
Financial Asc.   (at 39) June 1, 2017
rahby1us                 June, 2017
Zephyr911        (at 38) Summer 2017?
Charlie Foxtrot  (at 41) July 1, 2017
Bigchrisb        (at 35) July 3, 2017
Freedom17        (at 38) July 28, 2017
UnleashHell              July 28, 2017
Cookie78         (at 39) August 3, 2017
MonkeyJenga      (at 31) Summer/Fall 2017
SashaFiscal      (at 41) December 1, 2017   
Jim2001                  December 31, 2017
SwordGuy         (at 59) OMY
Mrs. SwordGuy            OMY
noble_goal               OMY
Title: Re: Target FIRE: 2017
Post by: JoJo on January 09, 2017, 04:51:13 PM
Apparently I got scratched off the list as my date was fluctuating.  I started a new position in September and mostly like it.  Sometimes I lose patience with corporate BS.  Anyways, there are some huge expense cutting going on for the next 2 years and told people at my level & above will get no raises this year.  I offered to my boss (the CEO) that I'd be willing to go "part time" but for me that means taking a 25% pay reduction and then taking 2 long vacations (6 weeks to use up my PTO in May & then 3 months later in the year).  I did NOT mention that retirement may be pending.  I still haven't heard what her decision is.  If the leave is vetoed I will give my notice in May and out in July.  I will be 44 if I retire in July.
 According to my spreadsheet I'm at a 1.79% withdrawal rate pre-tax and 2.03% after tax, excluding SS and 2 frozen pensions (about $800 starting at age 65) but I'm still curious what will happen to health care.  I've been very lucky with health so far.
Title: Re: Target FIRE: 2017
Post by: SwordGuy on January 09, 2017, 07:40:11 PM
Added Jojo for July or thereabouts.

(Note to folks copying and editing, try to leave the [ font ] tag surrounding the text.  It helps things line up. :)  I


Threshkin                Oct 31st, 2016 Confirmed
Metta            (at 55) January 1, 2017 Confirmed
MrsWhipple       (at 32) January 1, 2017 Confirmed
MsGreenStash     (at 51) January 1, 2017
FIRE me                  January 3, 2017 Confirmed
FrugalAussie             January 4, 2017 Confirmed
Zineth           (at 49) January 27, 2017 Confirmed
MarciaB          (at 55) January 31, 2017
mf3333           (at 56) January 31, 2017
dragoncar                March 1, 2017
easypeasy        (at 35) March 15, 2017   
Myhotrs          (at 38) March 31, 2017   
oblivion                 March 31, 2017
John Doe                 April 1, 2017
Daisy            (at 48) April 28, 2017
MandyM           (at 38) May 1, 2017     
Mrs. Pomodoro            May 1, 2017
Remote_Landlord  (at 39) May 8, 2017
Penguin159               May 12, 2017
Rachael          (at 42) May 21, 2017
BNgarden         (at 58) May 24, 2017
RedmondStash             May 31, 2017
Jack06           (at 42) June 1, 2017     
Fairviewite      (at 27) June 1, 2017
Romag                    June 1, 2017
Cottonswab       (at 30) June 1, 2017
Financial Asc.   (at 39) June 1, 2017
rahby1us                 June, 2017
Zephyr911        (at 38) Summer 2017?
Charlie Foxtrot  (at 41) July 1, 2017
Bigchrisb        (at 35) July 3, 2017
Freedom17        (at 38) July 28, 2017
JoJo             (at 44) ~July, 2017
UnleashHell              July 28, 2017
Cookie78         (at 39) August 3, 2017
MonkeyJenga      (at 31) Summer/Fall 2017
SashaFiscal      (at 41) December 1, 2017   
Jim2001                  December 31, 2017
SwordGuy         (at 59) OMY
Mrs. SwordGuy            OMY
noble_goal               OMY

Title: Re: Target FIRE: 2017
Post by: FIRE me on January 09, 2017, 08:55:22 PM
Added Jojo for July or thereabouts.

(Note to folks copying and editing, try to leave the [ font ] tag surrounding the text.  It helps things line up. :)  I


Threshkin                Oct 31st, 2016 Confirmed (http://forum.mrmoneymustache.com/throw-down-the-gauntlet/target-fire-2017/msg1358430/#msg1358430)
Metta            (at 55) January 1, 2017 Confirmed (http://forum.mrmoneymustache.com/throw-down-the-gauntlet/target-fire-2017/msg1359219/#msg1359219)
MrsWhipple       (at 32) January 1, 2017 Confirmed (http://forum.mrmoneymustache.com/throw-down-the-gauntlet/target-fire-2017/msg1362208/#msg1362208)
MsGreenStash     (at 51) January 1, 2017
FIRE me                  January 3, 2017 Confirmed (http://forum.mrmoneymustache.com/throw-down-the-gauntlet/target-fire-2017/msg1363843/#msg1363843)
FrugalAussie             January 4, 2017 Confirmed (http://forum.mrmoneymustache.com/throw-down-the-gauntlet/target-fire-2017/msg1366715/#msg1366715)
Zineth           (at 49) January 27, 2017 Confirmed
MarciaB          (at 55) January 31, 2017
mf3333           (at 56) January 31, 2017
dragoncar                March 1, 2017
easypeasy        (at 35) March 15, 2017   
Myhotrs          (at 38) March 31, 2017   
oblivion                 March 31, 2017
John Doe                 April 1, 2017
Daisy            (at 48) April 28, 2017
MandyM           (at 38) May 1, 2017     
Mrs. Pomodoro            May 1, 2017
Remote_Landlord  (at 39) May 8, 2017
Penguin159               May 12, 2017
Rachael          (at 42) May 21, 2017
BNgarden         (at 58) May 24, 2017
RedmondStash             May 31, 2017
Jack06           (at 42) June 1, 2017     
Fairviewite      (at 27) June 1, 2017
Romag                    June 1, 2017
Cottonswab       (at 30) June 1, 2017
Financial Asc.   (at 39) June 1, 2017
rahby1us                 June, 2017
Zephyr911        (at 38) Summer 2017?
Charlie Foxtrot  (at 41) July 1, 2017
Bigchrisb        (at 35) July 3, 2017
Freedom17        (at 38) July 28, 2017
JoJo             (at 44) ~July, 2017
UnleashHell              July 28, 2017
Cookie78         (at 39) August 3, 2017
MonkeyJenga      (at 31) Summer/Fall 2017
SashaFiscal      (at 41) December 1, 2017   
Jim2001                  December 31, 2017
SwordGuy         (at 59) OMY
Mrs. SwordGuy            OMY
noble_goal               OMY


Confirmed links fixed. I hope.
Title: Re: Target FIRE: 2017
Post by: dragoncar on January 09, 2017, 09:25:32 PM
Somehow I got debolded.  Don't forget that I'm bold.
Title: Re: Target FIRE: 2017
Post by: SwordGuy on January 09, 2017, 09:50:38 PM
Of course you're bold, you're a dragon car!

My understanding was that folks were just bolding the last change (which I forgot to do).
Title: Re: Target FIRE: 2017
Post by: Freedom17 on January 09, 2017, 10:09:32 PM
More alignment.

Quote

Threshkin                Oct 31st, 2016    Confirmed (http://forum.mrmoneymustache.com/throw-down-the-gauntlet/target-fire-2017/msg1358430/#msg1358430)
Metta            (at 55) January 1, 2017   Confirmed (http://forum.mrmoneymustache.com/throw-down-the-gauntlet/target-fire-2017/msg1359219/#msg1359219)
MrsWhipple       (at 32) January 1, 2017   Confirmed (http://forum.mrmoneymustache.com/throw-down-the-gauntlet/target-fire-2017/msg1362208/#msg1362208)
MsGreenStash     (at 51) January 1, 2017
FIRE me                  January 3, 2017   Confirmed (http://forum.mrmoneymustache.com/throw-down-the-gauntlet/target-fire-2017/msg1363843/#msg1363843)
FrugalAussie             January 4, 2017   Confirmed (http://forum.mrmoneymustache.com/throw-down-the-gauntlet/target-fire-2017/msg1366715/#msg1366715)
Zineth           (at 49) January 27, 2017  Confirmed
MarciaB          (at 55) January 31, 2017
mf3333           (at 56) January 31, 2017
dragoncar                March 1, 2017
easypeasy        (at 35) March 15, 2017   
Myhotrs          (at 38) March 31, 2017   
oblivion                 March 31, 2017
John Doe                 April 1, 2017
Daisy            (at 48) April 28, 2017
MandyM           (at 38) May 1, 2017     
Mrs. Pomodoro            May 1, 2017
Remote_Landlord  (at 39) May 8, 2017
Penguin159               May 12, 2017
Rachael          (at 42) May 21, 2017
BNgarden         (at 58) May 24, 2017
RedmondStash             May 31, 2017
Jack06           (at 42) June 1, 2017     
Fairviewite      (at 27) June 1, 2017
Romag                    June 1, 2017
Cottonswab       (at 30) June 1, 2017
Financial Asc.   (at 39) June 1, 2017
rahby1us                 June, 2017
Zephyr911        (at 38) Summer 2017
Charlie Foxtrot  (at 41) July 1, 2017
Bigchrisb        (at 35) July 3, 2017
Freedom17        (at 38) July 28, 2017
JoJo             (at 44) July, 2017
UnleashHell              July 28, 2017
Cookie78         (at 39) August 3, 2017
MonkeyJenga      (at 31) Fall 2017
SashaFiscal      (at 41) December 1, 2017   
Jim2001                  December 31, 2017
SwordGuy         (at 59) OMY
Mrs. SwordGuy            OMY
noble_goal               OMY

Title: Re: Target FIRE: 2017
Post by: SachaFiscal on January 10, 2017, 05:15:05 PM
@Metta, it sounds like you were quite critical to your employer.  How did you tell them you wanted to retire and how did they take it?

Welcome SaschaFiscal!

I told my management June or July of 2015 with the hope that this would galvanize them into supporting the retirement of my application (which they had been paying lip service to for about 5 years). Before I ended up with a new manager, I warned her that she may not want me because I was retiring in November, 2016. She had me re-orged under her anyway because she thought I would change my mind if I were exposed to her lovely personality (and she is a lovely person). And I did change my mind. I moved my retirement date to January 1, 2017.

For the last year and a half people have been delusional on this, with most sure that i would change my mind. And, in fact, during my last week two people suggested that I would change my mind at the end. I kept saying "I've eaten the retirement cake. There's no turning back now." But it didn't matter because in their narrative these were the facts:

1) Metta is too young to retire
2) She can't possibly have enough money to retire
3) They need Metta and she is a nice person who wouldn't abandon the work group.

On my last day this was replaced with a new narrative:

  -- Metta will be back as a consultant because <see reasons 1-3 above>

Denial. It's not just a river in Egypt.

Thanks for replying with your story. I am debating when to tell people at work I will be leaving.
I really don't want to deal with all the questions but I guess that is just a part of this experience and will have to deal with it.
Title: Re: Target FIRE: 2017
Post by: dragoncar on January 10, 2017, 05:17:40 PM
Of course you're bold, you're a dragon car!

My understanding was that folks were just bolding the last change (which I forgot to do).

Yeah, that's why I did it, but somehow it persisted for a while so I got excited
Title: Re: Target FIRE: 2017
Post by: Mrs. Pomodoro on January 10, 2017, 06:26:07 PM
Started quietly moving stuff out of my office.  Mostly personal stuff in drawers so it won't be obvious I'm clearing out (I've still got diplomas and art hanging on the walls).  It's not like I've been there decades, but the the junk certainly accumulates over the years.

I did the same thing the day before the Christmas shutdown since pretty much no one was here. There is less than a box of personal stuff left in my office now, mostly just photos on my cube wall, my mug, and tea. Have you given notice yet? I was planning on doing that in mid-April after my RSUs vested but I care less and less now and just want to get it over with!
Title: Re: Target FIRE: 2017
Post by: Mrs. Pomodoro on January 10, 2017, 06:55:46 PM
Updated my status. I started working part-time this year (4 days a week) and I still plan on leaving for good by the end of April though I think about giving notice all the time. I started working on a side project during the Christmas break, enjoyed it so much and now I'm thinking I should just switch gear to follow that path. Isn't that what FIRE is about, to be able to follow your interest without worrying about money? Haven't finalized what I'm going to do yet but at least I have longs weekends every week for now. :)

Quote

Threshkin                Oct 31st, 2016    Confirmed (http://forum.mrmoneymustache.com/throw-down-the-gauntlet/target-fire-2017/msg1358430/#msg1358430)
Metta            (at 55) January 1, 2017   Confirmed (http://forum.mrmoneymustache.com/throw-down-the-gauntlet/target-fire-2017/msg1359219/#msg1359219)
MrsWhipple       (at 32) January 1, 2017   Confirmed (http://forum.mrmoneymustache.com/throw-down-the-gauntlet/target-fire-2017/msg1362208/#msg1362208)
MsGreenStash     (at 51) January 1, 2017
FIRE me                  January 3, 2017   Confirmed (http://forum.mrmoneymustache.com/throw-down-the-gauntlet/target-fire-2017/msg1363843/#msg1363843)
FrugalAussie             January 4, 2017   Confirmed (http://forum.mrmoneymustache.com/throw-down-the-gauntlet/target-fire-2017/msg1366715/#msg1366715)
Zineth           (at 49) January 27, 2017  Confirmed (http://forum.mrmoneymustache.com/throw-down-the-gauntlet/target-fire-2017/msg1370648/#msg1370648)
MarciaB          (at 55) January 31, 2017
mf3333           (at 56) January 31, 2017
dragoncar                March 1, 2017
easypeasy        (at 35) March 15, 2017   
Myhotrs          (at 38) March 31, 2017   
oblivion                 March 31, 2017
John Doe                 April 1, 2017
Daisy            (at 48) April 28, 2017
MandyM           (at 38) May 1, 2017     
Mrs. Pomodoro    (at 43) May 1, 2017       Going part time (http://forum.mrmoneymustache.com/throw-down-the-gauntlet/target-fire-2017/msg1374527/#msg1374527)
Remote_Landlord  (at 39) May 8, 2017
Penguin159               May 12, 2017
Rachael          (at 42) May 21, 2017
BNgarden         (at 58) May 24, 2017
RedmondStash             May 31, 2017
Jack06           (at 42) June 1, 2017     
Fairviewite      (at 27) June 1, 2017
Romag                    June 1, 2017
Cottonswab       (at 30) June 1, 2017
Financial Asc.   (at 39) June 1, 2017
rahby1us                 June, 2017
Zephyr911        (at 38) Summer 2017
Charlie Foxtrot  (at 41) July 1, 2017
Bigchrisb        (at 35) July 3, 2017
Freedom17        (at 38) July 28, 2017
JoJo             (at 44) July, 2017
UnleashHell              July 28, 2017
Cookie78         (at 39) August 3, 2017
MonkeyJenga      (at 31) Fall 2017
SashaFiscal      (at 41) December 1, 2017   
Jim2001                  December 31, 2017
SwordGuy         (at 59) OMY
Mrs. SwordGuy            OMY
noble_goal               OMY

Title: Re: Target FIRE: 2017
Post by: SachaFiscal on January 10, 2017, 07:44:13 PM
Started quietly moving stuff out of my office.  Mostly personal stuff in drawers so it won't be obvious I'm clearing out (I've still got diplomas and art hanging on the walls).  It's not like I've been there decades, but the the junk certainly accumulates over the years.

I did the same thing the day before the Christmas shutdown since pretty much no one was here. There is less than a box of personal stuff left in my office now, mostly just photos on my cube wall, my mug, and tea. Have you given notice yet? I was planning on doing that in mid-April after my RSUs vested but I care less and less now and just want to get it over with!

I started doing this too! Right before our company shutdown for the Holidays, I started taking some stuff home with me every night. I just liked the feeling that I could put my remaining belongings in my purse and leave right then and there if I wanted to. One of my co-workers caught me with a framed picture and asked me "You're not leaving, are you?". I almost said yes but chickened out and just said I was taking it home to hang up there.

I'm in the same boat, waiting until after my RSUs vest in November but feeling the itch to leave sooner. It seems less and less worth it each day I go into work though.
Title: Re: Target FIRE: 2017
Post by: dragoncar on January 10, 2017, 08:55:16 PM
Started quietly moving stuff out of my office.  Mostly personal stuff in drawers so it won't be obvious I'm clearing out (I've still got diplomas and art hanging on the walls).  It's not like I've been there decades, but the the junk certainly accumulates over the years.

I did the same thing the day before the Christmas shutdown since pretty much no one was here. There is less than a box of personal stuff left in my office now, mostly just photos on my cube wall, my mug, and tea. Have you given notice yet? I was planning on doing that in mid-April after my RSUs vested but I care less and less now and just want to get it over with!

I started doing this too! Right before our company shutdown for the Holidays, I started taking some stuff home with me every night. I just liked the feeling that I could put my remaining belongings in my purse and leave right then and there if I wanted to. One of my co-workers caught me with a framed picture and asked me "You're not leaving, are you?". I almost said yes but chickened out and just said I was taking it home to hang up there.

I'm in the same boat, waiting until after my RSUs vest in November but feeling the itch to leave sooner. It seems less and less worth it each day I go into work though.

Aw man, I wish I had RSUs to vest!  I had some 401k vesting, but it happened long ago.  Now I'm just waiting to stuff my 401k and it's done. 
Title: Re: Target FIRE: 2017
Post by: myhotrs on January 10, 2017, 09:05:06 PM
Uhh, this is taking so long... I haven't been to work since Thursday and it still sucks. This is like three days before summer break.
Title: Re: Target FIRE: 2017
Post by: UnleashHell on January 11, 2017, 05:53:08 AM
bonus time is march. fully vested in the 401k is 1st April. my earnings per week are at the max from now until april. then i think i may just suggest to my boss that we look at a training schedule to get the hell out.

so all things go to plan then its earlier than july 28th for me - but i'm not changing that date yet.... yet...

and who let the monkey in here??

your quit date is after me MJ.. i'm calling that a fail :D
Title: Re: Target FIRE: 2017
Post by: Mrs. Pomodoro on January 11, 2017, 02:29:07 PM
I'm in the same boat, waiting until after my RSUs vest in November but feeling the itch to leave sooner. It seems less and less worth it each day I go into work though.

Totally feel the same way. I actually have another lot of RSUs vesting in October but I've already given that up. I don't even know if I can last 'till mid-April! My one friend at work who knows my plan said he'll hang in there with me for the next 3 months, so hopefully he can stop me from barging into my boss' office when I'm feeling weak...
Title: Re: Target FIRE: 2017
Post by: Mrs. Pomodoro on January 11, 2017, 03:49:53 PM
Aw man, I wish I had RSUs to vest!  I had some 401k vesting, but it happened long ago.  Now I'm just waiting to stuff my 401k and it's done.

They're called golden handcuffs for good reasons, especially when close to FIRE. The amount's not life changing, but enough to make me consider selling my soul for a few more months... (It's X months of living expenses; it's Y months of mortgage payments!) I have another batch vesting in October but it's not worth staying through the stressful summer cycle and performance review for.

Thanks for the reminder of stuffing up 401k. Now I have another reason to stay 'till April.
Title: Re: Target FIRE: 2017
Post by: Mrs. Pomodoro on January 11, 2017, 03:53:41 PM
Uhh, this is taking so long... I haven't been to work since Thursday and it still sucks. This is like three days before summer break.

I had enough after 3 days of work last week. Guess working part-time only helps so much...
Title: Re: Target FIRE: 2017
Post by: dragoncar on January 11, 2017, 04:51:08 PM
Uhh, this is taking so long... I haven't been to work since Thursday and it still sucks. This is like three days before summer break.

I had enough after 3 days of work last week. Guess working part-time only helps so much...

Yeah, I was hoping I could go half time and work indefinitely, but no it just made the days I had to go in even worse
Title: Re: Target FIRE: 2017
Post by: Knaak on January 11, 2017, 06:04:34 PM
Uhh, this is taking so long... I haven't been to work since Thursday and it still sucks. This is like three days before summer break.

I had enough after 3 days of work last week. Guess working part-time only helps so much...

I had 11 days off around Thanksgiving and 11 days off around Christmas/New Year's.  I think all those days off broke me.  I dreaded work enough already, but now I can't get motivated to do anything at all.  Well, I was motivated enough to plan out all my days off for the year.  I am going to take off 64 days since I have to use up sick/vacation time that won't be paid out when I quit.

This is now 3-day workweek since I'm calling in sick Thu/Fri.  With the holiday on Monday, it'll make for a nice 5-day weekend.
Title: Re: Target FIRE: 2017
Post by: UnleashHell on January 12, 2017, 05:17:59 AM
bonus time is march. fully vested in the 401k is 1st April. my earnings per week are at the max from now until april. then i think i may just suggest to my boss that we look at a training schedule to get the hell out.

so all things go to plan then its earlier than july 28th for me - but i'm not changing that date yet.... yet...

and who let the monkey in here??

your quit date is after me MJ.. i'm calling that a fail :D

Monkeys let themselves in. That's the benefit of opposable thumbs.

You Brits have so little left, I'll graciously give you the earlier quit date.

gracious? who are you and what have you done with MJ?
welcome to the 2017 quit thread though. do you have a plan for food scavenging when you quit work? I mean they say you have to retire to something. could be your thing...... :D
Title: Re: Target FIRE: 2017
Post by: SachaFiscal on January 12, 2017, 06:35:08 AM
Aw man, I wish I had RSUs to vest!  I had some 401k vesting, but it happened long ago.  Now I'm just waiting to stuff my 401k and it's done.

They're called golden handcuffs for good reasons, especially when close to FIRE. The amount's not life changing, but enough to make me consider selling my soul for a few more months... (It's X months of living expenses; it's Y months of mortgage payments!) I have another batch vesting in October but it's not worth staying through the stressful summer cycle and performance review for.

Thanks for the reminder of stuffing up 401k. Now I have another reason to stay 'till April.

If you give notice on April 1, no one will believe you :-)

I upped my 401k percentage to 75% right before the beginning of the year. It was fun to see my first paycheck and how much went to me instead of taxes. I'm definitely going to wait at least until my 401k maxes this year, then maybe I'll stay until RSUs vest or get out sooner if I feel that it is the right time.
Title: Re: Target FIRE: 2017
Post by: Freedom17 on January 12, 2017, 07:33:07 AM
Speaking of free food has anyone considered going to shareholder meetings as a source of free meals? :)
Title: Re: Target FIRE: 2017
Post by: FIRE me on January 12, 2017, 08:42:00 AM
Hey guys, after you pull the plug, don't forget to call your insurance company. Assuming you drive to work, once you don't, your rate should drop.

I was already low miles at under 5,000 annual (I live 7.5 miles from my former employer) so my savings are probably less than average.

I just got off the phone with my insurance company, and my premium (liability only) just dropped $118 per year.
Title: Re: Target FIRE: 2017
Post by: Cottonswab on January 12, 2017, 11:49:12 AM
Stick a fork in me...  I am almost done.  My official retirement date is now set!


Threshkin                Oct 31st, 2016    Confirmed (http://forum.mrmoneymustache.com/throw-down-the-gauntlet/target-fire-2017/msg1358430/#msg1358430)
Metta            (at 55) January 1, 2017   Confirmed (http://forum.mrmoneymustache.com/throw-down-the-gauntlet/target-fire-2017/msg1359219/#msg1359219)
MrsWhipple       (at 32) January 1, 2017   Confirmed (http://forum.mrmoneymustache.com/throw-down-the-gauntlet/target-fire-2017/msg1362208/#msg1362208)
MsGreenStash     (at 51) January 1, 2017
FIRE me                  January 3, 2017   Confirmed (http://forum.mrmoneymustache.com/throw-down-the-gauntlet/target-fire-2017/msg1363843/#msg1363843)
FrugalAussie             January 4, 2017   Confirmed (http://forum.mrmoneymustache.com/throw-down-the-gauntlet/target-fire-2017/msg1366715/#msg1366715)
Zineth           (at 49) January 27, 2017  Confirmed (http://forum.mrmoneymustache.com/throw-down-the-gauntlet/target-fire-2017/msg1370648/#msg1370648)
MarciaB          (at 55) January 31, 2017
mf3333           (at 56) January 31, 2017
dragoncar                March 1, 2017
Cottonswab       (at 30) March 1, 2017
easypeasy        (at 35) March 15, 2017   
Myhotrs          (at 38) March 31, 2017   
oblivion                 March 31, 2017
John Doe                 April 1, 2017
Daisy            (at 48) April 28, 2017
MandyM           (at 38) May 1, 2017     
Mrs. Pomodoro    (at 43) May 1, 2017       Going part time (http://forum.mrmoneymustache.com/throw-down-the-gauntlet/target-fire-2017/msg1374527/#msg1374527)
Remote_Landlord  (at 39) May 8, 2017
Penguin159               May 12, 2017
Rachael          (at 42) May 21, 2017
BNgarden         (at 58) May 24, 2017
RedmondStash             May 31, 2017
Jack06           (at 42) June 1, 2017     
Fairviewite      (at 27) June 1, 2017
Romag                    June 1, 2017
Financial Asc.   (at 39) June 1, 2017
rahby1us                 June, 2017
Zephyr911        (at 38) Summer 2017
Charlie Foxtrot  (at 41) July 1, 2017
Bigchrisb        (at 35) July 3, 2017
Freedom17        (at 38) July 28, 2017
JoJo             (at 44) July, 2017
UnleashHell              July 28, 2017
Cookie78         (at 39) August 3, 2017
MonkeyJenga      (at 31) Fall 2017
SashaFiscal      (at 41) December 1, 2017   
Jim2001                  December 31, 2017
SwordGuy         (at 59) OMY
Mrs. SwordGuy            OMY
noble_goal               OMY


Retirement date moved up from June 1 to March 1!
Title: Re: Target FIRE: 2017
Post by: SachaFiscal on January 12, 2017, 02:47:40 PM
@Cottonswab.. wow March is not very far away! You must be feeling pretty good :-)
Title: Re: Target FIRE: 2017
Post by: rachael talcott on January 12, 2017, 04:45:33 PM
Hey guys, after you pull the plug, don't forget to call your insurance company. Assuming you drive to work, once you don't, your rate should drop.

I was already low miles at under 5,000 annual (I live 7.5 miles from my former employer) so my savings are probably less than average.

I just got off the phone with my insurance company, and my premium (liability only) just dropped $118 per year.

Interesting.  My commute is only 2 miles and change, but it's at least worth a try. 
Title: Re: Target FIRE: 2017
Post by: Mrs. Pomodoro on January 12, 2017, 05:04:35 PM
Yeah, I was hoping I could go half time and work indefinitely, but no it just made the days I had to go in even worse
I feel the same and I wonder why. Maybe the contrast between freedom and working is bigger?

I had 11 days off around Thanksgiving and 11 days off around Christmas/New Year's.  I think all those days off broke me.  I dreaded work enough already, but now I can't get motivated to do anything at all.  Well, I was motivated enough to plan out all my days off for the year.  I am going to take off 64 days since I have to use up sick/vacation time that won't be paid out when I quit.

This is now 3-day workweek since I'm calling in sick Thu/Fri.  With the holiday on Monday, it'll make for a nice 5-day weekend.
Any tips on using sick days in an environment where most ppl still come to work when they're sick 'cause there's too much work? I'm feeling very self-conscious calling in sick... 😕

If you give notice on April 1, no one will believe you :-)

I upped my 401k percentage to 75% right before the beginning of the year. It was fun to see my first paycheck and how much went to me instead of taxes. I'm definitely going to wait at least until my 401k maxes this year, then maybe I'll stay until RSUs vest or get out sooner if I feel that it is the right time.
I just talked myself into not giving notice until after MLK long weekend. Let's see if I can come up with enough excuses for myself to last 'till April 1!

The problem with my 401k is that my company only matches if you contribute during the pay period. I think I need to time it so that I can max it out before I go and still get the company match, which is at 6% now since I'm here long enough. Tricky!
Title: Re: Target FIRE: 2017
Post by: Mrs. Pomodoro on January 12, 2017, 05:09:36 PM
Hey guys, after you pull the plug, don't forget to call your insurance company. Assuming you drive to work, once you don't, your rate should drop.

I was already low miles at under 5,000 annual (I live 7.5 miles from my former employer) so my savings are probably less than average.

I just got off the phone with my insurance company, and my premium (liability only) just dropped $118 per year.

That's a pretty significant saving! We're thinking about keeping only one car after I quit, this will save us even more on that one car.
Title: Re: Target FIRE: 2017
Post by: Knaak on January 12, 2017, 08:39:30 PM
I had 11 days off around Thanksgiving and 11 days off around Christmas/New Year's.  I think all those days off broke me.  I dreaded work enough already, but now I can't get motivated to do anything at all.  Well, I was motivated enough to plan out all my days off for the year.  I am going to take off 64 days since I have to use up sick/vacation time that won't be paid out when I quit.

This is now 3-day workweek since I'm calling in sick Thu/Fri.  With the holiday on Monday, it'll make for a nice 5-day weekend.
Any tips on using sick days in an environment where most ppl still come to work when they're sick 'cause there's too much work? I'm feeling very self-conscious calling in sick... 😕

Sorry you have to put up with that sort of work environment.  In my office we go to the other extreme, kicking people out if they show up sick.

What is your employer's policy for sick hours?  Do they get paid out when you quit?  If you don't take the days off and they aren't paid out, you are literally giving away part of your life to your employer for nothing.  I couldn't bring myself to do that, which is why I planned out how to use my days throughout the year.  Just as I wouldn't leave a paycheck un-cashed, I won't leave a sick day unused.
Title: Re: Target FIRE: 2017
Post by: myhotrs on January 13, 2017, 12:23:28 AM

What is your employer's policy for sick hours?  Do they get paid out when you quit?  If you don't take the days off and they aren't paid out, you are literally giving away part of your life to your employer for nothing.  I couldn't bring myself to do that, which is why I planned out how to use my days throughout the year.  Just as I wouldn't leave a paycheck un-cashed, I won't leave a sick day unused.

This brings me to an interesting thought, my employer offers unlimited sick time...
Title: Re: Target FIRE: 2017
Post by: dragoncar on January 13, 2017, 01:20:33 AM

What is your employer's policy for sick hours?  Do they get paid out when you quit?  If you don't take the days off and they aren't paid out, you are literally giving away part of your life to your employer for nothing.  I couldn't bring myself to do that, which is why I planned out how to use my days throughout the year.  Just as I wouldn't leave a paycheck un-cashed, I won't leave a sick day unused.

This brings me to an interesting thought, my employer offers unlimited sick time...

Start licking door handles... profit?
Title: Re: Target FIRE: 2017
Post by: Knaak on January 13, 2017, 10:26:23 AM

What is your employer's policy for sick hours?  Do they get paid out when you quit?  If you don't take the days off and they aren't paid out, you are literally giving away part of your life to your employer for nothing.  I couldn't bring myself to do that, which is why I planned out how to use my days throughout the year.  Just as I wouldn't leave a paycheck un-cashed, I won't leave a sick day unused.

This brings me to an interesting thought, my employer offers unlimited sick time...

Ha!  That would be great.  I only get 4 hours per paycheck, but "mental health day" is a valid excuse for a sick day.  Seeing how it's best for my mental health to be home, hiking, biking, or pretty much doing anything other than sitting in a noisy little jail cell, I would never go back to work if I had unlimited sick time.  I wonder how long it would take until they considered it an abuse of the policy.
Title: Re: Target FIRE: 2017
Post by: Mrs. Pomodoro on January 13, 2017, 02:34:08 PM

What is your employer's policy for sick hours?  Do they get paid out when you quit?  If you don't take the days off and they aren't paid out, you are literally giving away part of your life to your employer for nothing.  I couldn't bring myself to do that, which is why I planned out how to use my days throughout the year.  Just as I wouldn't leave a paycheck un-cashed, I won't leave a sick day unused.

This brings me to an interesting thought, my employer offers unlimited sick time...

Ha!  That would be great.  I only get 4 hours per paycheck, but "mental health day" is a valid excuse for a sick day.  Seeing how it's best for my mental health to be home, hiking, biking, or pretty much doing anything other than sitting in a noisy little jail cell, I would never go back to work if I had unlimited sick time.  I wonder how long it would take until they considered it an abuse of the policy.

My employer doesn't pay out sick days when we leave and there's a cap of I think 240 hours. Over the past 5+ years, with one maternity leave and a 6-week medical leave, I still have about 200 hours left. Mental health day was never talked about, not even joked about. Ppl still work from home when they have fever. (Why?!) I'm so tired of coming up with excuses to take sick days so even I have doctor's approval to take one sick day a week, I still went part-time for now so that I don't have to think about it. Guess it's part of the culture here and I don't know how to overcome it.

My previous company has unlimited sick days and I think that actually works pretty well. You don't get strange looks when you call in sick and I haven't seen any one abusing it.
Title: Re: Target FIRE: 2017
Post by: UnleashHell on January 14, 2017, 04:48:44 AM

Thank you Hell, it's good to be here.

Food scavenging: there's always dumpsters! Or eating all the gross amazing junk food at political events. Like a rat in New York, I'll find a way.

cities. political events.
all stuff that is missing from semi rural Florida....

i guess you'll manage somehow :D
Title: Re: Target FIRE: 2017
Post by: FIRE me on January 17, 2017, 04:46:51 PM
Hey zinethstache, weren't you supposed to pull the plug today? How about an update?
Title: Re: Target FIRE: 2017
Post by: MandyM on January 18, 2017, 02:46:40 PM
Well, I was planning to do this in April, but I just talked to my boss about cutting my hours down to 3 days/week. He was really supportive, committed to figuring it out so that I get what I want. I know that it will be a bit of a process to get there between dealing with my regional manager, HR, and hiring new folks (we are currently understaffed as it is), but just knowing that he is on my side is a huge weight off my shoulders.
Title: Re: Target FIRE: 2017
Post by: zinethstache on January 18, 2017, 03:24:03 PM
FIRE me - yes I gave notice on 1/3 but caved and am working thru 1/27. I've updated the list:)

I negotiated work from home 2 days with 3 days in the office this week and next. My commute sucks so bad I only agreed to stay the extra two weeks if they'd give me that.

The bad news is that some extra income (2 weeks plus I get paid for 1 month vacation) puts me JUST over 300% FPL so I get no up front subsidy. That extra money I am making is going to go toward healthcare /sigh.

DH then says so now that you've already earned too much, you can just keep working right? Um NOPE! Hard to do online web work when were boondocking in our trailer... thank god for boondocking!

Here's a reprint of our retirement list:
Threshkin                Oct 31st, 2016    Confirmed
Metta            (at 55) January 1, 2017   Confirmed
MrsWhipple       (at 32) January 1, 2017   Confirmed
MsGreenStash     (at 51) January 1, 2017
FIRE me                  January 3, 2017   Confirmed
FrugalAussie             January 4, 2017   Confirmed
Zineth           (at 49) January 27, 2017  Confirmed
MarciaB          (at 55) January 31, 2017
mf3333           (at 56) January 31, 2017
dragoncar                March 1, 2017
Cottonswab       (at 30) March 1, 2017
easypeasy        (at 35) March 15, 2017   
Myhotrs          (at 38) March 31, 2017   
oblivion                 March 31, 2017
John Doe                 April 1, 2017
Daisy            (at 48) April 28, 2017
MandyM           (at 38) May 1, 2017     
Mrs. Pomodoro    (at 43) May 1, 2017       Going part time
Remote_Landlord  (at 39) May 8, 2017
Penguin159               May 12, 2017
Rachael          (at 42) May 21, 2017
BNgarden         (at 58) May 24, 2017
RedmondStash             May 31, 2017
Jack06           (at 42) June 1, 2017     
Fairviewite      (at 27) June 1, 2017
Romag                    June 1, 2017
Financial Asc.   (at 39) June 1, 2017
rahby1us                 June, 2017
Zephyr911        (at 38) Summer 2017
Charlie Foxtrot  (at 41) July 1, 2017
Bigchrisb        (at 35) July 3, 2017
Freedom17        (at 38) July 28, 2017
JoJo             (at 44) July, 2017
UnleashHell              July 28, 2017
Cookie78         (at 39) August 3, 2017
MonkeyJenga      (at 31) Fall 2017
SashaFiscal      (at 41) December 1, 2017   
Jim2001                  December 31, 2017
SwordGuy         (at 59) OMY
Mrs. SwordGuy            OMY
noble_goal               OMY
Title: Re: Target FIRE: 2017
Post by: SwordGuy on January 18, 2017, 03:42:03 PM
6 out of 7, or 86% of the people who said they would FIRE by this date have done so.

Any word from MsGreenStash?   Enquiring minds want to know!!
Title: Re: Target FIRE: 2017
Post by: Mrs. Pomodoro on January 18, 2017, 05:22:00 PM
Well, I was planning to do this in April, but I just talked to my boss about cutting my hours down to 3 days/week. He was really supportive, committed to figuring it out so that I get what I want. I know that it will be a bit of a process to get there between dealing with my regional manager, HR, and hiring new folks (we are currently understaffed as it is), but just knowing that he is on my side is a huge weight off my shoulders.

That's a good turn of events! How long do you plan to work part-time? I was hoping to work 3 days in the office but my boss really wanted me to try 4 days a week first and see how it goes. It still feels too much for me so I'm planning on giving notice maybe end of this month and hopefully work 3 days a week until he finds a replacement. It's a huge plus if your boss and you are aligned!
Title: Re: Target FIRE: 2017
Post by: Freedom17 on January 18, 2017, 06:36:01 PM
Well, I was planning to do this in April, but I just talked to my boss about cutting my hours down to 3 days/week. He was really supportive, committed to figuring it out so that I get what I want. I know that it will be a bit of a process to get there between dealing with my regional manager, HR, and hiring new folks (we are currently understaffed as it is), but just knowing that he is on my side is a huge weight off my shoulders.

That's a good turn of events! How long do you plan to work part-time? I was hoping to work 3 days in the office but my boss really wanted me to try 4 days a week first and see how it goes. It still feels too much for me so I'm planning on giving notice maybe end of this month and hopefully work 3 days a week until he finds a replacement. It's a huge plus if your boss and you are aligned!

I'm sort of amazed that people are negotiating terms with their bosses. Isn't the point of FU money to dictate terms?

https://www.youtube.com/watch?v=eikbQPldhPY
Title: Re: Target FIRE: 2017
Post by: Freedom17 on January 18, 2017, 06:37:21 PM

Threshkin                Oct 31st, 2016    Confirmed
Metta            (at 55) January 1, 2017   Confirmed
MrsWhipple       (at 32) January 1, 2017   Confirmed
MsGreenStash     (at 51) January 1, 2017
FIRE me                  January 3, 2017   Confirmed
FrugalAussie             January 4, 2017   Confirmed
Zineth           (at 49) January 27, 2017  Confirmed
MarciaB          (at 55) January 31, 2017
mf3333           (at 56) January 31, 2017
dragoncar                March 1, 2017
Cottonswab       (at 30) March 1, 2017
easypeasy        (at 35) March 15, 2017   
Myhotrs          (at 38) March 31, 2017   
oblivion                 March 31, 2017
John Doe                 April 1, 2017
Daisy            (at 48) April 28, 2017
MandyM           (at 38) May 1, 2017     
Mrs. Pomodoro    (at 43) May 1, 2017       Going part time
Remote_Landlord  (at 39) May 8, 2017
Penguin159               May 12, 2017
Rachael          (at 42) May 21, 2017
BNgarden         (at 58) May 24, 2017
RedmondStash             May 31, 2017
Jack06           (at 42) June 1, 2017     
Fairviewite      (at 27) June 1, 2017
Romag                    June 1, 2017
Financial Asc.   (at 39) June 1, 2017
rahby1us                 June, 2017
Zephyr911        (at 38) Summer 2017
Charlie Foxtrot  (at 41) July 1, 2017
Bigchrisb        (at 35) July 3, 2017
Freedom17        (at 38) July 28, 2017
JoJo             (at 44) July, 2017
UnleashHell              July 28, 2017
Cookie78         (at 39) August 3, 2017
MonkeyJenga      (at 31) Fall 2017
SashaFiscal      (at 41) December 1, 2017   
Jim2001                  December 31, 2017
SwordGuy         (at 59) OMY
Mrs. SwordGuy            OMY
noble_goal               OMY
Title: Re: Target FIRE: 2017
Post by: Daisy on January 18, 2017, 06:59:45 PM
Well, I was planning to do this in April, but I just talked to my boss about cutting my hours down to 3 days/week. He was really supportive, committed to figuring it out so that I get what I want. I know that it will be a bit of a process to get there between dealing with my regional manager, HR, and hiring new folks (we are currently understaffed as it is), but just knowing that he is on my side is a huge weight off my shoulders.

That's a good turn of events! How long do you plan to work part-time? I was hoping to work 3 days in the office but my boss really wanted me to try 4 days a week first and see how it goes. It still feels too much for me so I'm planning on giving notice maybe end of this month and hopefully work 3 days a week until he finds a replacement. It's a huge plus if your boss and you are aligned!

I am also at 4 days a week after returning from medical leave. Now I wish I would have returned at 3 days a week, but too late now. I'm using my ample PTO time to compensate.

I thought with a medical note for part time it would be easy going, but my managers keep asking when I am going to full time. I'm relying on the doctor's  note to keep them off my backs.

It looks like some of you have an easier time sliding into part time. In my department these days, it seems to be frowned upon. That wasn't  always the case. I guess most part timers tend to be people returning from maternity leave now that I think about it. I haven't seen any other part timers for other reasons...maybe no one has asked?
Title: Re: Target FIRE: 2017
Post by: JoJo on January 18, 2017, 07:02:11 PM
Update on my situation.  After talking to the CEO (boss) and HR I may go part time.  The company is trying to save money so I suggested I would take a 25-40% pay cut in exchange to go 75-60% time & prorated PTO.  BUT... I'm interested in long term international travel so I said I'd do it only under the condition that the time off could be in blocks up to 2 months.  For the longer trips I would make my self available for critical meetings and regularly check e-mails, and get credited for that time. 

They are seriously considering this.  A 25% pay cut would give me 17.5 weeks off per year.  A 40% pay cut would give me 24.4 weeks off per year.    As the expense savings are desired for 2 years this deal might be on the table for 2017 and 2018.  Either way, I'm still making 6 figures.  The decision will likely be made next week.   Is this too good to be true?

This way I also see if long term solo travel is really what I want to do with my life before I totally uproot (sell the condo, etc).

On the other hand, I'm way over the threshold for FI.  This working would give me extra extra cushion and give me some fun money without the guilt (I have my eye on a $12,000 trip to Antarctica, not including the airfare).

Should I stay or should I RE?  The few friends that know about this say I should stick around (but not sure if that's just because they don't want me to leave for good).
Title: Re: Target FIRE: 2017
Post by: Daisy on January 18, 2017, 07:31:35 PM
JoJo, that sounds like a pretty sweet deal. Will you be under any contract that would force you to stick around for 2 years, or would you still be able to quit at any time if you want to keep on travelling and FIRE earlier? You'll  probably only need to do the fun parts of your job in this arrangement as they wouldn't want to waste what little time you are working on the BS part of many jobs.
Title: Re: Target FIRE: 2017
Post by: Freedom17 on January 18, 2017, 07:32:40 PM
Update on my situation.  After talking to the CEO (boss) and HR I may go part time.  The company is trying to save money so I suggested I would take a 25-40% pay cut in exchange to go 75-60% time & prorated PTO.  BUT... I'm interested in long term international travel so I said I'd do it only under the condition that the time off could be in blocks up to 2 months.  For the longer trips I would make my self available for critical meetings and regularly check e-mails, and get credited for that time. 

They are seriously considering this.  A 25% pay cut would give me 17.5 weeks off per year.  A 40% pay cut would give me 24.4 weeks off per year.    As the expense savings are desired for 2 years this deal might be on the table for 2017 and 2018.  Either way, I'm still making 6 figures.  The decision will likely be made next week.   Is this too good to be true?

This way I also see if long term solo travel is really what I want to do with my life before I totally uproot (sell the condo, etc).

On the other hand, I'm way over the threshold for FI.  This working would give me extra extra cushion and give me some fun money without the guilt (I have my eye on a $12,000 trip to Antarctica, not including the airfare).

Should I stay or should I RE?  The few friends that know about this say I should stick around (but not sure if that's just because they don't want me to leave for good).

Hmm. 75% pay to work 75% time is to good to be true? Usually part time workers get paid more than pro-rata given the disadvantages of being part time for most people. Why don't you ask for 65% pay to work 50% time and ask for half of your time to be work from home or work remotely?

This way you have nothing to lose. If they say yes you get an awesome deal. If they say no there's no hard feelings and you get full freedom and no regrets. Now is the time to flex your muscle.

Personally I've cut down to 9:30 - 3:30 with 2 hour lunches (still full time). It's been fantastic. I got the highest performance rating ever as well. I should have done this years ago.
Title: Re: Target FIRE: 2017
Post by: dragoncar on January 19, 2017, 12:07:54 AM
Update on my situation.  After talking to the CEO (boss) and HR I may go part time.  The company is trying to save money so I suggested I would take a 25-40% pay cut in exchange to go 75-60% time & prorated PTO.  BUT... I'm interested in long term international travel so I said I'd do it only under the condition that the time off could be in blocks up to 2 months.  For the longer trips I would make my self available for critical meetings and regularly check e-mails, and get credited for that time. 

They are seriously considering this.  A 25% pay cut would give me 17.5 weeks off per year.  A 40% pay cut would give me 24.4 weeks off per year.    As the expense savings are desired for 2 years this deal might be on the table for 2017 and 2018.  Either way, I'm still making 6 figures.  The decision will likely be made next week.   Is this too good to be true?

This way I also see if long term solo travel is really what I want to do with my life before I totally uproot (sell the condo, etc).

On the other hand, I'm way over the threshold for FI.  This working would give me extra extra cushion and give me some fun money without the guilt (I have my eye on a $12,000 trip to Antarctica, not including the airfare).

Should I stay or should I RE?  The few friends that know about this say I should stick around (but not sure if that's just because they don't want me to leave for good).

Hmm. 75% pay to work 75% time is to good to be true? Usually part time workers get paid more than pro-rata given the disadvantages of being part time for most people. Why don't you ask for 65% pay to work 50% time and ask for half of your time to be work from home or work remotely?

This way you have nothing to lose. If they say yes you get an awesome deal. If they say no there's no hard feelings and you get full freedom and no regrets. Now is the time to flex your muscle.

Personally I've cut down to 9:30 - 3:30 with 2 hour lunches (still full time). It's been fantastic. I got the highest performance rating ever as well. I should have done this years ago.

IMO 75% pay for 75% time is a good deal for the employee and the employer is losing out.  Assuming you are a professional, their overhead remains mostly the same.  They still need space for you to work (office/cube).  They still need to process your paychecks and benefits.  And so on.  So their total expense only goes down to, e.g., 85% but they only get 75% of the work out of you.
Title: Re: Target FIRE: 2017
Post by: MandyM on January 19, 2017, 06:29:15 AM
Well, I was planning to do this in April, but I just talked to my boss about cutting my hours down to 3 days/week. He was really supportive, committed to figuring it out so that I get what I want. I know that it will be a bit of a process to get there between dealing with my regional manager, HR, and hiring new folks (we are currently understaffed as it is), but just knowing that he is on my side is a huge weight off my shoulders.

That's a good turn of events! How long do you plan to work part-time? I was hoping to work 3 days in the office but my boss really wanted me to try 4 days a week first and see how it goes. It still feels too much for me so I'm planning on giving notice maybe end of this month and hopefully work 3 days a week until he finds a replacement. It's a huge plus if your boss and you are aligned!

I'm not sure how long I will work PT. Perhaps two years. I'm not sure that I will want to go any longer than that, but who knows, it might be a great balance for me. Good luck to you!!
Title: Re: Target FIRE: 2017
Post by: MandyM on January 19, 2017, 06:34:56 AM
Update on my situation.  After talking to the CEO (boss) and HR I may go part time.  The company is trying to save money so I suggested I would take a 25-40% pay cut in exchange to go 75-60% time & prorated PTO.  BUT... I'm interested in long term international travel so I said I'd do it only under the condition that the time off could be in blocks up to 2 months.  For the longer trips I would make my self available for critical meetings and regularly check e-mails, and get credited for that time. 

They are seriously considering this.  A 25% pay cut would give me 17.5 weeks off per year.  A 40% pay cut would give me 24.4 weeks off per year.    As the expense savings are desired for 2 years this deal might be on the table for 2017 and 2018.  Either way, I'm still making 6 figures.  The decision will likely be made next week.   Is this too good to be true?

This way I also see if long term solo travel is really what I want to do with my life before I totally uproot (sell the condo, etc).

On the other hand, I'm way over the threshold for FI.  This working would give me extra extra cushion and give me some fun money without the guilt (I have my eye on a $12,000 trip to Antarctica, not including the airfare).

Should I stay or should I RE?  The few friends that know about this say I should stick around (but not sure if that's just because they don't want me to leave for good).

Hmm. 75% pay to work 75% time is to good to be true? Usually part time workers get paid more than pro-rata given the disadvantages of being part time for most people. Why don't you ask for 65% pay to work 50% time and ask for half of your time to be work from home or work remotely?

This way you have nothing to lose. If they say yes you get an awesome deal. If they say no there's no hard feelings and you get full freedom and no regrets. Now is the time to flex your muscle.

Personally I've cut down to 9:30 - 3:30 with 2 hour lunches (still full time). It's been fantastic. I got the highest performance rating ever as well. I should have done this years ago.

IMO 75% pay for 75% time is a good deal for the employee and the employer is losing out.  Assuming you are a professional, their overhead remains mostly the same.  They still need space for you to work (office/cube).  They still need to process your paychecks and benefits.  And so on.  So their total expense only goes down to, e.g., 85% but they only get 75% of the work out of you.

Depends on what benefits are still available to you - I would guess that at 75% you could still get all the same benefits, but maybe not. My company requires 30 hours/week to be able to get the family insurance coverage, so 75% would do it.  (I only have to work 20 hours/week to get covered as a single person).
Title: Re: Target FIRE: 2017
Post by: JoJo on January 19, 2017, 10:14:13 AM
JoJo, that sounds like a pretty sweet deal. Will you be under any contract that would force you to stick around for 2 years, or would you still be able to quit at any time if you want to keep on travelling and FIRE earlier? You'll  probably only need to do the fun parts of your job in this arrangement as they wouldn't want to waste what little time you are working on the BS part of many jobs.

Not under contract.  I agree about the fun parts... I basically work on special projects, do some pilot programs, and then get requirements to the point where they need to be passed on to someone else.
Title: Re: Target FIRE: 2017
Post by: JoJo on January 19, 2017, 10:20:14 AM
Update on my situation.  After talking to the CEO (boss) and HR I may go part time.  The company is trying to save money so I suggested I would take a 25-40% pay cut in exchange to go 75-60% time & prorated PTO.  BUT... I'm interested in long term international travel so I said I'd do it only under the condition that the time off could be in blocks up to 2 months.  For the longer trips I would make my self available for critical meetings and regularly check e-mails, and get credited for that time. 

They are seriously considering this.  A 25% pay cut would give me 17.5 weeks off per year.  A 40% pay cut would give me 24.4 weeks off per year.    As the expense savings are desired for 2 years this deal might be on the table for 2017 and 2018.  Either way, I'm still making 6 figures.  The decision will likely be made next week.   Is this too good to be true?

This way I also see if long term solo travel is really what I want to do with my life before I totally uproot (sell the condo, etc).

On the other hand, I'm way over the threshold for FI.  This working would give me extra extra cushion and give me some fun money without the guilt (I have my eye on a $12,000 trip to Antarctica, not including the airfare).

Should I stay or should I RE?  The few friends that know about this say I should stick around (but not sure if that's just because they don't want me to leave for good).

Hmm. 75% pay to work 75% time is to good to be true? Usually part time workers get paid more than pro-rata given the disadvantages of being part time for most people. Why don't you ask for 65% pay to work 50% time and ask for half of your time to be work from home or work remotely?

This way you have nothing to lose. If they say yes you get an awesome deal. If they say no there's no hard feelings and you get full freedom and no regrets. Now is the time to flex your muscle.

Personally I've cut down to 9:30 - 3:30 with 2 hour lunches (still full time). It's been fantastic. I got the highest performance rating ever as well. I should have done this years ago.

IMO 75% pay for 75% time is a good deal for the employee and the employer is losing out.  Assuming you are a professional, their overhead remains mostly the same.  They still need space for you to work (office/cube).  They still need to process your paychecks and benefits.  And so on.  So their total expense only goes down to, e.g., 85% but they only get 75% of the work out of you.

With the prorated PTO, 75% pay actually equates to working 66% of the weeks of the year.

Employer is losing out a little but not tons in this case... There is alot of extra space in the building right now but that's really sunken costs.  If the company weren't trying to save a bunch of money this probably wouldn't even be considered.

We haven't worked out benefits but the hope was I could stay on the health insurance.  Most of the other benefits are directly tied to the prorated salary I'd earn (401k matching, cash contribution pension, social security, next year's bonus).
Title: Re: Target FIRE: 2017
Post by: Daisy on January 19, 2017, 01:12:16 PM
My company pays full benefits for anyone over 20 hours. That makes PT that much sweeter! That is, if they let you stay PT for long or maybe this puts you on the next layoff list.
Title: Re: Target FIRE: 2017
Post by: Freedom17 on January 19, 2017, 02:33:17 PM
Update on my situation.  After talking to the CEO (boss) and HR I may go part time.  The company is trying to save money so I suggested I would take a 25-40% pay cut in exchange to go 75-60% time & prorated PTO.  BUT... I'm interested in long term international travel so I said I'd do it only under the condition that the time off could be in blocks up to 2 months.  For the longer trips I would make my self available for critical meetings and regularly check e-mails, and get credited for that time. 

They are seriously considering this.  A 25% pay cut would give me 17.5 weeks off per year.  A 40% pay cut would give me 24.4 weeks off per year.    As the expense savings are desired for 2 years this deal might be on the table for 2017 and 2018.  Either way, I'm still making 6 figures.  The decision will likely be made next week.   Is this too good to be true?

This way I also see if long term solo travel is really what I want to do with my life before I totally uproot (sell the condo, etc).

On the other hand, I'm way over the threshold for FI.  This working would give me extra extra cushion and give me some fun money without the guilt (I have my eye on a $12,000 trip to Antarctica, not including the airfare).

Should I stay or should I RE?  The few friends that know about this say I should stick around (but not sure if that's just because they don't want me to leave for good).

Hmm. 75% pay to work 75% time is to good to be true? Usually part time workers get paid more than pro-rata given the disadvantages of being part time for most people. Why don't you ask for 65% pay to work 50% time and ask for half of your time to be work from home or work remotely?

This way you have nothing to lose. If they say yes you get an awesome deal. If they say no there's no hard feelings and you get full freedom and no regrets. Now is the time to flex your muscle.

Personally I've cut down to 9:30 - 3:30 with 2 hour lunches (still full time). It's been fantastic. I got the highest performance rating ever as well. I should have done this years ago.

IMO 75% pay for 75% time is a good deal for the employee and the employer is losing out.  Assuming you are a professional, their overhead remains mostly the same.  They still need space for you to work (office/cube).  They still need to process your paychecks and benefits.  And so on.  So their total expense only goes down to, e.g., 85% but they only get 75% of the work out of you.

With the prorated PTO, 75% pay actually equates to working 66% of the weeks of the year.

Employer is losing out a little but not tons in this case... There is alot of extra space in the building right now but that's really sunken costs.  If the company weren't trying to save a bunch of money this probably wouldn't even be considered.

We haven't worked out benefits but the hope was I could stay on the health insurance.  Most of the other benefits are directly tied to the prorated salary I'd earn (401k matching, cash contribution pension, social security, next year's bonus).

Yeah but if you count PTO 100% pay actually equates to 88% of the weeks of the year. So you're getting 75% of the money of full time for 75% of the weeks of the year of full time.
Title: Re: Target FIRE: 2017
Post by: Mrs. Pomodoro on January 19, 2017, 03:59:50 PM
Well, I was planning to do this in April, but I just talked to my boss about cutting my hours down to 3 days/week. He was really supportive, committed to figuring it out so that I get what I want. I know that it will be a bit of a process to get there between dealing with my regional manager, HR, and hiring new folks (we are currently understaffed as it is), but just knowing that he is on my side is a huge weight off my shoulders.

That's a good turn of events! How long do you plan to work part-time? I was hoping to work 3 days in the office but my boss really wanted me to try 4 days a week first and see how it goes. It still feels too much for me so I'm planning on giving notice maybe end of this month and hopefully work 3 days a week until he finds a replacement. It's a huge plus if your boss and you are aligned!

I'm sort of amazed that people are negotiating terms with their bosses. Isn't the point of FU money to dictate terms?

https://www.youtube.com/watch?v=eikbQPldhPY

Love that video! I guess the thing is that I'm not really pissed at anyone and my boss is a really nice person. He would probably let me go 3 days if I insist, but I was also willing to give 4 days a try at that time. Anyway a weekday's difference is no longer important. I just gave notice, like, 3 minutes ago. I'll be working 4 days a week 'till the end of April and that's it! Whew!
Title: Re: Target FIRE: 2017
Post by: Mrs. Pomodoro on January 19, 2017, 04:26:25 PM
I am also at 4 days a week after returning from medical leave. Now I wish I would have returned at 3 days a week, but too late now. I'm using my ample PTO time to compensate.

I thought with a medical note for part time it would be easy going, but my managers keep asking when I am going to full time. I'm relying on the doctor's  note to keep them off my backs.

It looks like some of you have an easier time sliding into part time. In my department these days, it seems to be frowned upon. That wasn't  always the case. I guess most part timers tend to be people returning from maternity leave now that I think about it. I haven't seen any other part timers for other reasons...maybe no one has asked?

I've been asking to go part-time since I come back from my maternity leave 4 years ago and never got it until after I went on medical leave last year. They really don't want you to do it here because there are too few people and too many tasks. My boss is very accommodating but I think he really wants me to go back to full time as soon as I can. I know it's never going to happen and don't want to leave him in a difficult situation with his management. I feel much more relieved now after telling him my intention to leave.
Title: Re: Target FIRE: 2017
Post by: Freedom17 on January 19, 2017, 04:43:29 PM
I am also at 4 days a week after returning from medical leave. Now I wish I would have returned at 3 days a week, but too late now. I'm using my ample PTO time to compensate.

I thought with a medical note for part time it would be easy going, but my managers keep asking when I am going to full time. I'm relying on the doctor's  note to keep them off my backs.

It looks like some of you have an easier time sliding into part time. In my department these days, it seems to be frowned upon. That wasn't  always the case. I guess most part timers tend to be people returning from maternity leave now that I think about it. I haven't seen any other part timers for other reasons...maybe no one has asked?

I've been asking to go part-time since I come back from my maternity leave 4 years ago and never got it until after I went on medical leave last year. They really don't want you to do it here because there are too few people and too many tasks. My boss is very accommodating but I think he really wants me to go back to full time as soon as I can. I know it's never going to happen and don't want to leave him in a difficult situation with his management. I feel much more relieved now after telling him my intention to leave.

This is what I take issue with. They have too many people because either they're skimping on headcount to try and get more profit for themselves, or they're not paying attractive enough wages to fill the open positions they have, again so they can keep more profit for themselves. Now I understand from a pragmatic point of view why people are forced to accept those conditions when they don't have options, but you do. You don't have an obligation to solve their problems for them just because they're trying to squeeze their workers for everything they can get from them and keep all of the profit for themselves. I understand having good relationships with people, but if work conditions are that crazy then I don't see you having an obligation to be exploited by the company's owners.

I'm sure the boss is a nice guy. That's always the role of middle management. To be a clueless buffer to deflect blame onto so the workers don't see the real sociopath executives at the top who create these overworked situations by design. And since your boss likely doesn't have the resources to fix the situation he's a good intermediary since you're not going to feel bad towards him over a situation he can't control. The good old MacLeod hierarchy.

(https://www.gapingvoid.com/content/uploads/2004/06/company-hierarchy-red.jpg)
Title: Re: Target FIRE: 2017
Post by: Mrs. Pomodoro on January 19, 2017, 05:22:48 PM
This is what I take issue with. They have too many people because either they're skimping on headcount to try and get more profit for themselves, or they're not paying attractive enough wages to fill the open positions they have, again so they can keep more profit for themselves. Now I understand from a pragmatic point of view why people are forced to accept those conditions when they don't have options, but you do. You don't have an obligation to solve their problems for them just because they're trying to squeeze their workers for everything they can get from them and keep all of the profit for themselves. I understand having good relationships with people, but if work conditions are that crazy then I don't see you having an obligation to be exploited by the company's owners.

I'm sure the boss is a nice guy. That's always the role of middle management. To be a clueless buffer to deflect blame onto so the workers don't see the real sociopath executives at the top who create these overworked situations by design. And since your boss likely doesn't have the resources to fix the situation he's a good intermediary since you're not going to feel bad towards him over a situation he can't control. The good old MacLeod hierarchy.

(https://www.gapingvoid.com/content/uploads/2004/06/company-hierarchy-red.jpg)

Does that mean most people who's not in management are losers? I do see the sociopaths - clueless hierarchy since that has been affecting my org a lot. Politics are getting worse, bonuses are getting smaller, and many old timers/people who can afford it start to leave.
Title: Re: Target FIRE: 2017
Post by: Freedom17 on January 19, 2017, 05:25:26 PM
Losers here means in the economic sense. Losers trade their labor for less than its worth thereby allowing the clueless and sociopaths to profit from the difference. So yes all line workers are losers.

Sounds like your org is getting to the end of the lifecycle where it collapses under the sheer weight of too many clueless middle managers.

(http://www.ribbonfarm.com/wp-content/uploads/2009/10/compLifeCycle.JPG)
Title: Re: Target FIRE: 2017
Post by: Mrs. Pomodoro on January 19, 2017, 05:45:15 PM
Losers here means in the economic sense. Losers trade their labor for less than its worth thereby allowing the clueless and sociopaths to profit from the difference. So yes all line workers are losers.

Sounds like your org is getting to the end of the lifecycle where it collapses under the sheer weight of too many clueless middle managers.

(http://www.ribbonfarm.com/wp-content/uploads/2009/10/compLifeCycle.JPG)

Lol that's pretty accurate. It's like what Steve Jobs called bozo explosion, and I'm seeing it happening here.

I can now see that I don't really fit in the corporate world. Only took me 17 years to realize and accept that...
Title: Re: Target FIRE: 2017
Post by: Freedom17 on January 19, 2017, 06:17:13 PM
Losers here means in the economic sense. Losers trade their labor for less than its worth thereby allowing the clueless and sociopaths to profit from the difference. So yes all line workers are losers.

Sounds like your org is getting to the end of the lifecycle where it collapses under the sheer weight of too many clueless middle managers.

(http://www.ribbonfarm.com/wp-content/uploads/2009/10/compLifeCycle.JPG)

Lol that's pretty accurate. It's like what Steve Jobs called bozo explosion, and I'm seeing it happening here.

I can now see that I don't really fit in the corporate world. Only took me 17 years to realize and accept that...

This is exactly the realization I came to in October 2015. Thankfully a friend showed me MMM at the same time. On the topic of careerism this is an amazing article that captures the dynamic so well.

http://earlyretirementextreme.com/are-you-suffering-from-careerism.html

Lately I've been watching The Office. It also captures corporate life really well. This was such a deep segment

https://youtu.be/Lm-EPO9N8RQ
Title: Re: Target FIRE: 2017
Post by: Daisy on January 19, 2017, 10:05:10 PM
I wouldn't  say my workplace is as toxic as described above. I just think they'd  rather have people working full time to meet schedule needs, etc. They did hire me full time, it's just that for medical reasons I am part time - and I kind of like the arrangement. It's a pretty nice arrangement. It is a pay cut but I still get full benefits.

But from management's perspective they'd  rather have a full time person. That's  why I was surpised to see so many others apparently  getting their status reduced to part time so easily, when I am getting some flack  for it.

If I didn't  have a medical reason I'm  not so sure I'd be granted part time status. I know the FU power is in my hands, but if management doesn't want it there's not much you can do other than quit. And then it would be hard to start at a new place part time (at least for professional work).
Title: Re: Target FIRE: 2017
Post by: Freedom17 on January 19, 2017, 10:14:12 PM
Is that really true? They can't bad mouth you to future employers just because you quit, provided you give reasonable (2 weeks) notice. People change jobs all the time. The old days of company loyalty to employees and vice versa are long gone.

Also like a codependent relationship the real toxicity of the relationship comes from its insideousness. Everything seems fine on the surface but underneath something is very wrong you just can't quite put your finger on it. The organizations that do this the best manage to give you an uneasy feeling that maybe it's you that's the problem which is a great motivator. Why do I feel uneasy? Maybe if I just work harder and get promoted that uneasy feeling would go away.

It took me years to realize this about the place I work at and that's it's by design. It's done in such a subtle way. You'd be shocked if I told you the name of the place I work.
Title: Re: Target FIRE: 2017
Post by: Mrs. Pomodoro on January 20, 2017, 03:12:23 PM
Is that really true? They can't bad mouth you to future employers just because you quit, provided you give reasonable (2 weeks) notice. People change jobs all the time. The old days of company loyalty to employees and vice versa are long gone.

Also like a codependent relationship the real toxicity of the relationship comes from its insideousness. Everything seems fine on the surface but underneath something is very wrong you just can't quite put your finger on it. The organizations that do this the best manage to give you an uneasy feeling that maybe it's you that's the problem which is a great motivator. Why do I feel uneasy? Maybe if I just work harder and get promoted that uneasy feeling would go away.

It took me years to realize this about the place I work at and that's it's by design. It's done in such a subtle way. You'd be shocked if I told you the name of the place I work.

I'm going to go out on a limb and guess that you're jaded by corporate culture. ;) I have some vague idea where you work and I also work in one of "those." I think we're at the end of company loyalty spectrum (which is close to 0) and it's really unfortunate 'cause there are so many bright and motivated people here. What you said about thinking there's something wrong with ourselves it's very true, and I was still questioning myself up 'till a few months ago even I'm sort of FI (not as prepared as you are, though.) I just had this conversation with my optometrist this morning, his wife probably works where you do, about how we're on a treadmill and couldn't get off and having hard time keeping up the pace. He's talking about ER, too.

I think this modern work culture is simply not sustainable, and I see it all around me but people are not doing much to help themselves. I have coworkers my age who got heart problems, cancer, mental illness, you name it. The environment here in the valley seems worse than elsewhere.

I would say though from what I see the American dream is not TOTALLY random but there may be about 20 to 30% we can control, if we want to play by the rules, which is, well not exactly in our favor. There are people who are competent and working very hard on the corporate ladder. I just hope that this is really what they want.

In my case, I'm done with living my life according to other people's agenda now, and it's liberating! :D
Title: Re: Target FIRE: 2017
Post by: Freedom17 on January 20, 2017, 05:51:11 PM
Thanks for sharing your experience. It's really interesting to hear.

Having not worked with a lot of Americans before I struggle to determine how much of this is American culture versus Silicon Valley culture. Some people tell me it is actually entitled culture that is most common in people who've had things go very smoothly in their life, typical white male Americans 20-30, Ivy League school and no graduate studies. Basically people who never struggled and so develop the attitude that everything is easy and has simple answers and if things seem complex well maybe you just suck etc.

I think name brand companies attract these types as well. People who are more interested in status through association rather than having an impact themselves individually.

There's also a heavy focus on careerism, gaming the promotion system to go up the ladder versus actually caring about the success of the project itself or creating a high quality product. Plus having middle management who are clueless and can't distinguish A grade work from B grade work because they're B grade players themselves.

When I was younger I told my dad that I loved engineering and could happily do it my whole life. He told me things change so invest now and later you'll have options. I'm so glad I listened.
Title: Re: Target FIRE: 2017
Post by: myhotrs on January 21, 2017, 06:43:36 PM
Anyone here going to camp mustache, in may?
Title: Re: Target FIRE: 2017
Post by: FrugalAussie on January 24, 2017, 04:21:40 PM
Update on our situation.

My boss is struggling to let me go, probably a co-dependent, control/power issue.  She's had a few things to say, wanting to let me know that if she knew I was leaving she "wouldn't have agreed to some of the things she did last year" eg. study leave 2 hrs per week for 26 weeks.  She has a point but as I told her, last year I didn't know I was leaving, I was committed to my job and was planning to work with the organisation long term.  Then work stressors and aging parents, plus being FI changed my thinking. She also implied that I'd struggle with not working, that I'd become flat, hit a slump ie. depressed.  I've been offered reduced hours and leave without pay for up to a year.

I'm taking a long plan two week holiday the week after next.  At this stage, when I return I'll be resigning, give 10 weeks notice so finish end of April.

My partner has three weeks holiday coming up, he then has 14 week long service leave starting late April, will return to work after that, perhaps part time, but has told his boss he'll be retired by Christmas. 

So, long story short, it's a more complicated process than expected but we remain determined. Interesting times.

What I've notice, when telling the few people we have about our plans, is it triggers their own values around work, financial decisions, life outside of employment, self image etc and so, at least initially, they have quite a strong reaction.

Good luck to everyone who's FIRE'd this year so far.  How's the transition from work going?
Title: Re: Target FIRE: 2017
Post by: Freedom17 on January 24, 2017, 06:20:23 PM
Thanks for sharing FrugalAussie. I've also noticed that some people have really strong reactions. I was sort of dissapointed by how few people were inspired / empowered about learning that someone is retiring early and how many personalize it and feel criticized. I had one acquaintance tell me that I shouldn't criticize others. I asked how I was doing that and he said that by retiring I was implicitly looking down on others and being arrogant. It was a really weird conversation. He was sort of jumping between talking about me and himself in the same sentence, saying things like "You'll be bored I can't afford it anyway. It doesn't make any sense."

What I did notice is that those friends that have high self esteems were genuinely happy to see me transitioning to a new phase in life. It made me realize how many people I know have issues with self esteem and weird small man syndrome things going on (which sort of explains why they're combative / argumentative on many different topics on such a regular basis, for them I don't think it's about finding the truth through conversation but rather winning an argument as a competitive gesture).

Given that we are moving countries soon and I'll be reestablishing a social circle it's made me more careful about consciously choosing who I spend time with and surrounding myself with winners that have high self esteem rather than people who have become frustrated with life.
Title: Re: Target FIRE: 2017
Post by: dragoncar on January 24, 2017, 06:53:49 PM
Well it looks like a severance package isn't in the cards, so I'm still going to plan to give notice in a few weeks.  I'll offer a  flexible end date but at this point I'm not that indispensable on anything anymore

Anyone have sample resignation letters?  Departure emails?  None of that crap?
Title: Re: Target FIRE: 2017
Post by: SwordGuy on January 24, 2017, 08:01:06 PM

What I did notice is that those friends that have high self esteems were genuinely happy to see me transitioning to a new phase in life. It made me realize how many people I know have issues with self esteem and weird small man syndrome things going on (which sort of explains why they're combative / argumentative on many different topics on such a regular basis, for them I don't think it's about finding the truth through conversation but rather winning an argument as a competitive gesture).

So very true!  Their craziness isn't about your actions, it's about what's going on in their own heads while reviewing their own actions.   And because they are small-minded, they would rather feel right than be right, so you must be wrong, so now they can feel good about themselves again.

Given that we are moving countries soon and I'll be reestablishing a social circle it's made me more careful about consciously choosing who I spend time with and surrounding myself with winners that have high self esteem rather than people who have become frustrated with life.

In five years, you'll be more like what you learn about and who you hang out with in that time frame.

I think being choosy about who you spend a lot of time and energy with is very wise.
Title: Re: Target FIRE: 2017
Post by: Mrs. Pomodoro on January 26, 2017, 12:58:23 PM
Well it looks like a severance package isn't in the cards, so I'm still going to plan to give notice in a few weeks.  I'll offer a  flexible end date but at this point I'm not that indispensable on anything anymore

Anyone have sample resignation letters?  Departure emails?  None of that crap?

I only gave verbal notice and looks like my boss will take care of the rest. I told him I'll stay 'till April or May depending on when he can find a replacement, but I want to leave before things get crazy in summer. I imagine I'll be sending a "My last date is xxx." e-mail to HR at some point.
Title: Re: Target FIRE: 2017
Post by: MandyM on January 26, 2017, 01:04:52 PM
Well it looks like a severance package isn't in the cards, so I'm still going to plan to give notice in a few weeks.  I'll offer a  flexible end date but at this point I'm not that indispensable on anything anymore

Anyone have sample resignation letters?  Departure emails?  None of that crap?

In the past I've given a letter with wording something like "I regret to inform you that I will be resigning with my last day to be ____. I am grateful for the opportunities this company has provided..."yadda yadda yadda. A few sentences, maybe a note about the end date being somewhat negotiable. I'm guessing HR wants something for the file and I generally stick with tradition unless there is a specific reason otherwise.
Title: Re: Target FIRE: 2017
Post by: markbike528CBX on January 26, 2017, 04:25:15 PM
Anyone have sample resignation letters?  Departure emails?  None of that crap?

Not a retirement letter, but I did have one where I noted that it is fun to "tilt at windmills" for a while but then it gets distinctly less fun after the first few times.  (Don Quixote reference)

The current preparation is:
 As I’m sure you and other of my colleagues have suspected, DW and I no longer need the financial support of Semi-Big Corp.

The Epic FU money thread might have some gems if you are so inclined.
Title: Re: Target FIRE: 2017
Post by: dragoncar on January 26, 2017, 05:12:21 PM
Anyone have sample resignation letters?  Departure emails?  None of that crap?

Not a retirement letter, but I did have one where I noted that it is fun to "tilt at windmills" for a while but then it gets distinctly less fun after the first few times.  (Don Quixote reference)

The current preparation is:
 As I’m sure you and other of my colleagues have suspected, DW and I no longer need the financial support of Semi-Big Corp.

The Epic FU money thread might have some gems if you are so inclined.

I was going for more of a subtle FU, like "I'm going to take some time off to explore other interests"
Title: Re: Target FIRE: 2017
Post by: UnleashHell on January 26, 2017, 05:49:03 PM
just change your email settings:

Dragoncar will be out of the office on 1st March and returning - never.
if you need to contact me  - don't.



see how long it takes them to notice.
Title: Re: Target FIRE: 2017
Post by: JoJo on January 26, 2017, 05:55:25 PM
I guess I should be taken off the list.  Effective as of this January, I'm going part time (70%).  I worked out a deal where I get 105 days off this year (includes holidays, so really 97.5 days if you subtract holidays).  So, I'm going to Indonesia for 7 weeks starting in May and 9 weeks in Spain, Portugal starting in September (doing the Camino). That leaves about 3 more weeks off to spread through the year - holidays and such.

I was thinking about renting a room since I'm going to be gone so much and last night an acquaintance was lamenting that the house she shares for $1100 per month has too many people (brothers, girlfriends) and dogs. She's looking to move out so I may take on a roommate - saves me from needing a housesitter too.  That should be enough to fund both trips.

I don't feel too bad about not FIREing this year.  We'll see how this year goes and re-evaluate in 2018.  Work has been pretty interesting and fun.  If it stops being fun there are options.
Title: Re: Target FIRE: 2017
Post by: Freedom17 on January 26, 2017, 06:02:32 PM
Quote

Threshkin                Oct 31st, 2016    Confirmed
Metta            (at 55) January 1, 2017   Confirmed
MrsWhipple       (at 32) January 1, 2017   Confirmed
MsGreenStash     (at 51) January 1, 2017
FIRE me                  January 3, 2017   Confirmed
FrugalAussie             January 4, 2017   Confirmed
Zineth           (at 49) January 27, 2017  Confirmed
MarciaB          (at 55) January 31, 2017
mf3333           (at 56) January 31, 2017
dragoncar                March 1, 2017
Cottonswab       (at 30) March 1, 2017
easypeasy        (at 35) March 15, 2017   
Myhotrs          (at 38) March 31, 2017   
oblivion                 March 31, 2017
John Doe                 April 1, 2017
Daisy            (at 48) April 28, 2017
MandyM           (at 38) May 1, 2017     
Mrs. Pomodoro    (at 43) May 1, 2017       Part time
Remote_Landlord  (at 39) May 8, 2017
Penguin159               May 12, 2017
Rachael          (at 42) May 21, 2017
BNgarden         (at 58) May 24, 2017
RedmondStash             May 31, 2017
Jack06           (at 42) June 1, 2017     
Fairviewite      (at 27) June 1, 2017
Romag                    June 1, 2017
Financial Asc.   (at 39) June 1, 2017
rahby1us                 June, 2017
Zephyr911        (at 38) Summer 2017
Charlie Foxtrot  (at 41) July 1, 2017
Bigchrisb        (at 35) July 3, 2017
Freedom17        (at 38) July 28, 2017
UnleashHell              July 28, 2017
Cookie78         (at 39) August 3, 2017
MonkeyJenga      (at 31) Fall 2017
SashaFiscal      (at 41) December 1, 2017   
Jim2001                  December 31, 2017
SwordGuy         (at 59) OMY
Mrs. SwordGuy            OMY
noble_goal               OMY
JoJo             (at 44) OMY

Title: Re: Target FIRE: 2017
Post by: dragoncar on January 26, 2017, 08:41:36 PM
just change your email settings:

Dragoncar will be out of the office on 1st March and returning - never.
if you need to contact me  - don't.



see how long it takes them to notice.

Beautiful

I guess I should be taken off the list.  Effective as of this January, I'm going part time (70%).  I worked out a deal where I get 105 days off this year (includes holidays, so really 97.5 days if you subtract holidays).  So, I'm going to Indonesia for 7 weeks starting in May and 9 weeks in Spain, Portugal starting in September (doing the Camino). That leaves about 3 more weeks off to spread through the year - holidays and such.

I was thinking about renting a room since I'm going to be gone so much and last night an acquaintance was lamenting that the house she shares for $1100 per month has too many people (brothers, girlfriends) and dogs. She's looking to move out so I may take on a roommate - saves me from needing a housesitter too.  That should be enough to fund both trips.

I don't feel too bad about not FIREing this year.  We'll see how this year goes and re-evaluate in 2018.  Work has been pretty interesting and fun.  If it stops being fun there are options.

Congrats!  Remember, doing something you think will make you happy is not failure-- don't feel bad st all.  I've mentioned countless times that going pet time just made me long for RE more, but I don't regret trying it out and I made a little extra money in the meantime.
Title: Re: Target FIRE: 2017
Post by: Cookie78 on January 27, 2017, 07:35:44 AM
I guess I should be taken off the list.  Effective as of this January, I'm going part time (70%).  I worked out a deal where I get 105 days off this year (includes holidays, so really 97.5 days if you subtract holidays).  So, I'm going to Indonesia for 7 weeks starting in May and 9 weeks in Spain, Portugal starting in September (doing the Camino). That leaves about 3 more weeks off to spread through the year - holidays and such.

I was thinking about renting a room since I'm going to be gone so much and last night an acquaintance was lamenting that the house she shares for $1100 per month has too many people (brothers, girlfriends) and dogs. She's looking to move out so I may take on a roommate - saves me from needing a housesitter too.  That should be enough to fund both trips.

I don't feel too bad about not FIREing this year.  We'll see how this year goes and re-evaluate in 2018.  Work has been pretty interesting and fun.  If it stops being fun there are options.

That sounds like a really sweet deal! Good idea about the roommate plan too. :)
Title: Re: Target FIRE: 2017
Post by: myhotrs on January 27, 2017, 09:33:29 PM
So my boss now knows of my plans. I've shared with many co-workers but until now management has been unaware. Guess he heard a rumor. Made a verbal deal to give them plenty of time assuming my bonus is "on target" this March. Pretty much told him that by late summer at the latest I'm out.
Title: Re: Target FIRE: 2017
Post by: rachael talcott on January 28, 2017, 03:59:52 PM
Is anybody else feeling a bit guilty for abandoning their colleagues?  My department is probably going to lose at least part of my load, which means more work for everyone else.
Title: Re: Target FIRE: 2017
Post by: SachaFiscal on January 28, 2017, 05:41:18 PM
Is anybody else feeling a bit guilty for abandoning their colleagues?  My department is probably going to lose at least part of my load, which means more work for everyone else.

Yeah I feel this off and on.  Somedays I think they'll be just fine without me and sometimes I worry that I'll be dumping too much on them when I leave.  To ease my conscience I'm trying to document any tribal knowledge and teach/train others around me what I know. Now I am starting to feel like my co-workers will be fine without me and maybe better off without me because I'm not giving my 100% anymore.  Also I'm taking a couple months off soon so it will be a trial run for them to solve problems on their own.

I'm sure you've had co-workers resign and for a while you had to take over what they were doing.  It's somewhat difficult at first but eventually it normalizes.  When you leave, your co-workers may have their priorities changed and if there is too much work, management will have to hire someone to replace you or reprioritize what they want to get done.  So really you shouldn't feel too bad. Everything is gonna be fine.

Title: Re: Target FIRE: 2017
Post by: Freedom17 on January 28, 2017, 05:47:07 PM
Is anybody else feeling a bit guilty for abandoning their colleagues?  My department is probably going to lose at least part of my load, which means more work for everyone else.

The same thing happens when changing company and I never felt bad about that. It's a normal part of the modern work world to move every few years, at least where I am. How long have you been at your company? Would you be feeling guilty if you were moving on for a better work opportunity?
Title: Re: Target FIRE: 2017
Post by: rachael talcott on January 28, 2017, 06:26:17 PM

The same thing happens when changing company and I never felt bad about that. It's a normal part of the modern work world to move every few years, at least where I am. How long have you been at your company? Would you be feeling guilty if you were moving on for a better work opportunity?

It's not common in academia.  People get tenure and stay forever.  I had a colleague who retired a few years ago after 52 years here.  I've been here 8 years.  In that time, no one in my department has left to take a different job.  We have a picture on the wall of everyone who has ever worked in the department, since the 1800's.  I think it's been at least 20 years since someone has left for reasons other than retiring at normal retirement age.  So what I'm doing is culturally weird.


Yeah I feel this off and on.  Somedays I think they'll be just fine without me and sometimes I worry that I'll be dumping too much on them when I leave.  To ease my conscience I'm trying to document any tribal knowledge and teach/train others around me what I know. Now I am starting to feel like my co-workers will be fine without me and maybe better off without me because I'm not giving my 100% anymore.  Also I'm taking a couple months off soon so it will be a trial run for them to solve problems on their own.

I'm sure you've had co-workers resign and for a while you had to take over what they were doing.  It's somewhat difficult at first but eventually it normalizes.  When you leave, your co-workers may have their priorities changed and if there is too much work, management will have to hire someone to replace you or reprioritize what they want to get done.  So really you shouldn't feel too bad. Everything is gonna be fine.


Thanks.  It's nice to know I'm not the only one.  I have also been passing on my tribal knowledge.  I'm sure they'll be fine without me, and they are understanding and even happy for me.  But I think in this specific situation, management (the administration) is also going to ask each person to do more. They can do it, but it will be more stress. In the past when people have left, we've hired replacements, but we have a new administration and a weak financial situation. Anyway, thanks for listening!
Title: Re: Target FIRE: 2017
Post by: Freedom17 on January 28, 2017, 07:45:14 PM
It's funny you mention academia. I was a professor once but ended up going into industry a year later. My colleagues were all tenured. Now 11 years have gone by and I just heard that all of the 'tenured' professors got forced out due to some internal politics. Many of them are unemployed 6 months later. It's kind of a rough place to be at 50-55 after a life in academia and no industry experience. Made me really glad that I left. I left back then because of a weird vibe I got from the new head of department. He's the one who ultimately pushed all these guys out. Goes to show that even things that people take for granted like tenure can change suddenly.
Title: Re: Target FIRE: 2017
Post by: rachael talcott on January 28, 2017, 09:14:51 PM
It's funny you mention academia. I was a professor once but ended up going into industry a year later. My colleagues were all tenured. Now 11 years have gone by and I just heard that all of the 'tenured' professors got forced out due to some internal politics. Many of them are unemployed 6 months later. It's kind of a rough place to be at 50-55 after a life in academia and no industry experience. Made me really glad that I left. I left back then because of a weird vibe I got from the new head of department. He's the one who ultimately pushed all these guys out. Goes to show that even things that people take for granted like tenure can change suddenly.

"Academic politics are so vicious because the stakes are so small"  (commonly attributed to Kissinger)

Like any job, there are good things and bad things, but I'm really ready to get out at this point. 
Title: Re: Target FIRE: 2017
Post by: Freedom17 on January 28, 2017, 09:34:42 PM
That's an amazing quote, and exactly why I left. I could understand the machiavellian schemes if it was over hundreds of millions of dollars, but with these guys there was massive politics over stuff like which conferences would be on the reimbursement list, or for which journals would you get reimbursed the publication fees for. Inevitably these lists didn't end up being the highest profile journals or the journals with the highest citation index, but rather the journals in the area controlled by the guy who was in power.
Title: Re: Target FIRE: 2017
Post by: MsGreenStash on January 29, 2017, 07:02:22 PM
6 out of 7, or 86% of the people who said they would FIRE by this date have done so.

Any word from MsGreenStash?   Enquiring minds want to know!!

Yes, it's me, MsGreenStash!  Thanks for asking!  My date slipped by a month so I have 2 more working days!!  I still haven't solved the problem of what I'm doing on first day...and it has me stressed out!  This has definitely been an emotional roller coaster for the past few months.  Mostly I'm really excited...but have days when early retirement just makes me feel old and scared!
Title: Re: Target FIRE: 2017
Post by: Metta on January 29, 2017, 07:24:07 PM
6 out of 7, or 86% of the people who said they would FIRE by this date have done so.

Any word from MsGreenStash?   Enquiring minds want to know!!

Yes, it's me, MsGreenStash!  Thanks for asking!  My date slipped by a month so I have 2 more working days!!  I still haven't solved the problem of what I'm doing on first day...and it has me stressed out!  This has definitely been an emotional roller coaster for the past few months.  Mostly I'm really excited...but have days when early retirement just makes me feel old and scared!

Thanks for checking in. Congratulations on your imminent freedom! My recommendation for your first day after work is some celebratory wine and then lots of sleep. I'm still tired and it has been a month since I left!
Title: Re: Target FIRE: 2017
Post by: dragoncar on January 29, 2017, 08:00:30 PM
I almost have a feeling that I'm going to be leaving my job to go volunteer for the ACLU
Title: Re: Target FIRE: 2017
Post by: SwordGuy on January 29, 2017, 08:14:37 PM
Quote

Threshkin                Oct 31st, 2016    Confirmed
Metta            (at 55) January 1, 2017   Confirmed
MrsWhipple       (at 32) January 1, 2017   Confirmed
FIRE me                  January 3, 2017   Confirmed
FrugalAussie             January 4, 2017   Confirmed
Zineth           (at 49) January 27, 2017  Confirmed
MarciaB          (at 55) January 31, 2017
mf3333           (at 56) January 31, 2017
MsGreenStash     (at 51) February 1, 2017 Confirmed
dragoncar                March 1, 2017
Cottonswab       (at 30) March 1, 2017
easypeasy        (at 35) March 15, 2017   
Myhotrs          (at 38) March 31, 2017   
oblivion                 March 31, 2017
John Doe                 April 1, 2017
Daisy            (at 48) April 28, 2017
MandyM           (at 38) May 1, 2017     
Mrs. Pomodoro    (at 43) May 1, 2017       Part time
Remote_Landlord  (at 39) May 8, 2017
Penguin159               May 12, 2017
Rachael          (at 42) May 21, 2017
BNgarden         (at 58) May 24, 2017
RedmondStash             May 31, 2017
Jack06           (at 42) June 1, 2017     
Fairviewite      (at 27) June 1, 2017
Romag                    June 1, 2017
Financial Asc.   (at 39) June 1, 2017
rahby1us                 June, 2017
Zephyr911        (at 38) Summer 2017
Charlie Foxtrot  (at 41) July 1, 2017
Bigchrisb        (at 35) July 3, 2017
Freedom17        (at 38) July 28, 2017
UnleashHell              July 28, 2017
Cookie78         (at 39) August 3, 2017
MonkeyJenga      (at 31) Fall 2017
SashaFiscal      (at 41) December 1, 2017   
Jim2001                  December 31, 2017
SwordGuy         (at 59) OMY
Mrs. SwordGuy            OMY
noble_goal               OMY
JoJo             (at 44) OMY

Title: Re: Target FIRE: 2017
Post by: Freedom17 on January 29, 2017, 09:43:46 PM
I almost have a feeling that I'm going to be leaving my job to go volunteer for the ACLU

I have never in my life been so attracted to an auto-fucker.

Hopefully to do something more productive than suing towns for putting a cross on their Christmas tree :)

http://www.usatoday.com/story/news/nation-now/2016/12/13/indiana-town-removes-cross-christmas-tree-after-aclu-lawsuit/95384080/ (http://www.usatoday.com/story/news/nation-now/2016/12/13/indiana-town-removes-cross-christmas-tree-after-aclu-lawsuit/95384080/)

Bill Maher did a great piece on this recently

https://youtu.be/JaC1-U8LIY0 (https://youtu.be/JaC1-U8LIY0)
Title: Re: Target FIRE: 2017
Post by: dragoncar on January 29, 2017, 10:17:54 PM
I almost have a feeling that I'm going to be leaving my job to go volunteer for the ACLU

I have never in my life been so attracted to an auto-fucker.

Hopefully to do something more productive than suing towns for putting a cross on their Christmas tree :)

http://www.usatoday.com/story/news/nation-now/2016/12/13/indiana-town-removes-cross-christmas-tree-after-aclu-lawsuit/95384080/ (http://www.usatoday.com/story/news/nation-now/2016/12/13/indiana-town-removes-cross-christmas-tree-after-aclu-lawsuit/95384080/)

Bill Maher did a great piece on this recently

https://youtu.be/JaC1-U8LIY0 (https://youtu.be/JaC1-U8LIY0)

There are bigger fish to fry
Title: Re: Target FIRE: 2017
Post by: SachaFiscal on January 29, 2017, 10:41:58 PM
I almost have a feeling that I'm going to be leaving my job to go volunteer for the ACLU

I had this same thought today!
Title: Re: Target FIRE: 2017
Post by: MarciaB on January 30, 2017, 07:40:09 AM
MarciaB officially confirming!

Today (Jan 30) is my last full-time-working-Monday-ever-in-life. My final paycheck hit my bank account this morning and it included a nice chunk of cashed out vacation time.

Tomorrow (Jan 31) is my last full-time-working-Tuesday-ever-in-life. At the end of the day my wonderful staff will take me out for a beer and that will be that.

This is the culmination of a three-year "FIR" plan (because at my age there's no "E" about it really, especially not in the MMM crowd). Feels great!
Title: Re: Target FIRE: 2017
Post by: SachaFiscal on January 30, 2017, 08:24:58 AM
MarciaB officially confirming!

Today (Jan 30) is my last full-time-working-Monday-ever-in-life. My final paycheck hit my bank account this morning and it included a nice chunk of cashed out vacation time.

Tomorrow (Jan 31) is my last full-time-working-Tuesday-ever-in-life. At the end of the day my wonderful staff will take me out for a beer and that will be that.

This is the culmination of a three-year "FIR" plan (because at my age there's no "E" about it really, especially not in the MMM crowd). Feels great!

Congratulations!  You are an inspiration to the rest of us :)
Title: Re: Target FIRE: 2017
Post by: Freedom17 on January 30, 2017, 08:33:06 AM
Congratulations!
Title: Re: Target FIRE: 2017
Post by: Cookie78 on January 30, 2017, 08:43:55 AM
So exciting to see all the FIRE confirmations!!!


I have 27 weeks to go and yesterday it was feeling like FOREVER to wait that long. Then I realized it would be 27 YEARS remaining if I were to retire at 65. Suddenly 27 weeks doesn't feel that bad. :)
Title: Re: Target FIRE: 2017
Post by: RedmondStash on January 30, 2017, 08:59:30 AM
I almost have a feeling that I'm going to be leaving my job to go volunteer for the ACLU

I had this same thought today!

Same.
Title: Re: Target FIRE: 2017
Post by: Freedom17 on January 30, 2017, 09:01:42 AM
I almost have a feeling that I'm going to be leaving my job to go volunteer for the ACLU

I had this same thought today!

Same.

Me too. Virtue signaling is fun!
Title: Re: Target FIRE: 2017
Post by: Metta on January 30, 2017, 09:25:36 AM
MarciaB officially confirming!

Today (Jan 30) is my last full-time-working-Monday-ever-in-life. My final paycheck hit my bank account this morning and it included a nice chunk of cashed out vacation time.

Tomorrow (Jan 31) is my last full-time-working-Tuesday-ever-in-life. At the end of the day my wonderful staff will take me out for a beer and that will be that.

This is the culmination of a three-year "FIR" plan (because at my age there's no "E" about it really, especially not in the MMM crowd). Feels great!

Congratulations!! Welcome to our lovely little club.
Title: Re: Target FIRE: 2017
Post by: Cookie78 on January 30, 2017, 10:40:42 AM
6 out of 7, or 86% of the people who said they would FIRE by this date have done so.

Any word from MsGreenStash?   Enquiring minds want to know!!

Yes, it's me, MsGreenStash!  Thanks for asking!  My date slipped by a month so I have 2 more working days!!  I still haven't solved the problem of what I'm doing on first day...and it has me stressed out!  This has definitely been an emotional roller coaster for the past few months.  Mostly I'm really excited...but have days when early retirement just makes me feel old and scared!

Thanks for checking in. Congratulations on your imminent freedom! My recommendation for your first day after work is some celebratory wine and then lots of sleep. I'm still tired and it has been a month since I left!

I'm looking forward to this part SO MUCH!
Title: Re: Target FIRE: 2017
Post by: myhotrs on January 30, 2017, 01:42:40 PM
Congratulations MarciaB!! Really awesome to see so many of our class already graduate, makes it that much more real for the rest of us.

Hope the grads will continue to check in once in a while. I'm very curious about post-FIRE and especially the initial transition period. Looking forward to updates everyone (and promise to post once its my turn :))
Title: Re: Target FIRE: 2017
Post by: Financial Ascensionist on January 30, 2017, 02:19:19 PM
Congrats, MarciaB!

I am really energized seeing all the confirmations flowing.  I have 122 days left on my side and I can't wait to join everyone confirm in the class of 2017.  Every single morning, the first thing I do is to write down how many days left I have.  After doing so, I spend the next 10 minute to try wipe that stupid grin off my face.  I'm not always successful, but I guess that's OK at this point.
Title: Re: Target FIRE: 2017
Post by: SwordGuy on January 30, 2017, 04:24:08 PM
Quote

Threshkin                Oct 31st, 2016    Confirmed
Metta            (at 55) January 1, 2017   Confirmed
MrsWhipple       (at 32) January 1, 2017   Confirmed
FIRE me                  January 3, 2017   Confirmed
FrugalAussie             January 4, 2017   Confirmed
Zineth           (at 49) January 27, 2017  Confirmed
MarciaB          (at 55) January 31, 2017 Confirmed
mf3333           (at 56) January 31, 2017
MsGreenStash     (at 51) February 1, 2017 Confirmed
dragoncar                March 1, 2017
Cottonswab       (at 30) March 1, 2017
easypeasy        (at 35) March 15, 2017   
Myhotrs          (at 38) March 31, 2017   
oblivion                 March 31, 2017
John Doe                 April 1, 2017
Daisy            (at 48) April 28, 2017
MandyM           (at 38) May 1, 2017     
Mrs. Pomodoro    (at 43) May 1, 2017       Part time
Remote_Landlord  (at 39) May 8, 2017
Penguin159               May 12, 2017
Rachael          (at 42) May 21, 2017
BNgarden         (at 58) May 24, 2017
RedmondStash             May 31, 2017
Jack06           (at 42) June 1, 2017     
Fairviewite      (at 27) June 1, 2017
Romag                    June 1, 2017
Financial Asc.   (at 39) June 1, 2017
rahby1us                 June, 2017
Zephyr911        (at 38) Summer 2017
Charlie Foxtrot  (at 41) July 1, 2017
Bigchrisb        (at 35) July 3, 2017
Freedom17        (at 38) July 28, 2017
UnleashHell              July 28, 2017
Cookie78         (at 39) August 3, 2017
MonkeyJenga      (at 31) Fall 2017
SashaFiscal      (at 41) December 1, 2017   
Jim2001                  December 31, 2017
SwordGuy         (at 59) OMY
Mrs. SwordGuy            OMY
noble_goal               OMY
JoJo             (at 44) OMY

Title: Re: Target FIRE: 2017
Post by: Freedom17 on January 30, 2017, 06:00:46 PM
Because OCD :)

Quote

Threshkin                Oct 31st, 2016    Confirmed
Metta            (at 55) January 1, 2017   Confirmed
MrsWhipple       (at 32) January 1, 2017   Confirmed
FIRE me                  January 3, 2017   Confirmed
FrugalAussie             January 4, 2017   Confirmed
Zineth           (at 49) January 27, 2017  Confirmed
MarciaB          (at 55) January 31, 2017  Confirmed
Mf3333           (at 56) January 31, 2017
MsGreenStash     (at 51) February 1, 2017  Confirmed
Dragoncar                March 1, 2017
Cottonswab       (at 30) March 1, 2017
Easypeasy        (at 35) March 15, 2017   
Myhotrs          (at 38) March 31, 2017   
Oblivo                   March 31, 2017
John Doe                 April 1, 2017
Daisy            (at 48) April 28, 2017
MandyM           (at 38) May 1, 2017     
Mrs. Pomodoro    (at 43) May 1, 2017       Part time
Remote_Landlord  (at 39) May 8, 2017
Penguin159               May 12, 2017
Rachael Talcott  (at 42) May 21, 2017
BNgarden         (at 58) May 24, 2017
RedmondStash             May 31, 2017
Jack06           (at 42) June 1, 2017     
Fairviewite      (at 27) June 1, 2017
Romag                    June 1, 2017
Financial Asc.   (at 39) June 1, 2017
Rahby1us                 June, 2017
Zephyr911        (at 38) Summer 2017
Charlie Foxtrot  (at 41) July 1, 2017
Bigchrisb        (at 35) July 3, 2017
Freedom17        (at 38) July 28, 2017
UnleashHell              July 28, 2017
Cookie78         (at 39) August 3, 2017
MonkeyJenga      (at 31) Fall 2017
SachaFiscal      (at 41) December 1, 2017   
Jim2001                  December 31, 2017
SwordGuy         (at 59) OMY
Mrs. SwordGuy            OMY
Noble_goal               OMY
JoJo             (at 44) OMY

Title: Re: Target FIRE: 2017
Post by: MsGreenStash on January 30, 2017, 06:04:47 PM
MarciaB officially confirming!

Today (Jan 30) is my last full-time-working-Monday-ever-in-life. My final paycheck hit my bank account this morning and it included a nice chunk of cashed out vacation time.

Tomorrow (Jan 31) is my last full-time-working-Tuesday-ever-in-life. At the end of the day my wonderful staff will take me out for a beer and that will be that.

This is the culmination of a three-year "FIR" plan (because at my age there's no "E" about it really, especially not in the MMM crowd). Feels great!

Congratulations!! Welcome to our lovely little club.

Congratulations Marcia B!  You and I are on exactly the same schedule!  Tomorrow is my last day...I wrap up by turning in my laptop, badge, etc at 1:30!!  Hope you have a great day tomorrow!
Title: Re: Target FIRE: 2017
Post by: Freedom17 on January 30, 2017, 06:05:46 PM
Any news from mf3333?

Registered October 5th. Last post was October 7th. I've got a feeling she's going to be hard to track down.
Title: Re: Target FIRE: 2017
Post by: MsGreenStash on January 30, 2017, 06:13:08 PM
I would like to re-brand this early retirement label.  Really I need to rebrand it for myself more than any other reason.  Tomorrow is my last working day and I feel panic that I'll just fade away.....even though for a year and a half I've been excited about all the possibilities that open up with extra time.  Now that the time has come....I'm nervous about it.  So....I think a rebranding with a more active, positive connotation than "early retirement" would set me straight into positive excitement again!

If you think of this as a new lifestyle, what would you call it, for instance, on LinkedIn?  I saw that our fearless blogger MMM has himself listed as "Leisure Engineer" :)

Thoughts?
Title: Re: Target FIRE: 2017
Post by: Freedom17 on January 30, 2017, 06:16:50 PM
I would like to re-brand this early retirement label.  Really I need to rebrand it for myself more than any other reason.  Tomorrow is my last working day and I feel panic that I'll just fade away.....even though for a year and a half I've been excited about all the possibilities that open up with extra time.  Now that the time has come....I'm nervous about it.  So....I think a rebranding with a more active, positive connotation than "early retirement" would set me straight into positive excitement again!

If you think of this as a new lifestyle, what would you call it, for instance, on LinkedIn?  I saw that our fearless blogger MMM has himself listed as "Leisure Engineer" :)

Thoughts?

This is a really interesting question. Do we get this fear because work gave our lives meaning or because work kept us too distracted to ask deeper questions?

For titles how about life-liver, life-lover, chief experience officer, polymath, renaissance man/woman, boulevardier or bon vivant?
Title: Re: Target FIRE: 2017
Post by: MsGreenStash on January 30, 2017, 06:27:14 PM
I would like to re-brand this early retirement label.  Really I need to rebrand it for myself more than any other reason.  Tomorrow is my last working day and I feel panic that I'll just fade away.....even though for a year and a half I've been excited about all the possibilities that open up with extra time.  Now that the time has come....I'm nervous about it.  So....I think a rebranding with a more active, positive connotation than "early retirement" would set me straight into positive excitement again!

If you think of this as a new lifestyle, what would you call it, for instance, on LinkedIn?  I saw that our fearless blogger MMM has himself listed as "Leisure Engineer" :)

Thoughts?

This is a really interesting question. Do we get this fear because work gave our lives meaning or because work kept us too distracted to ask deeper questions?

For titles how about life-liver, life-lover, chief experience officer, polymath, renaissance man/woman, boulevardier or bon vivant?

I have wondered the same thing and given it thought.  I believe it's a combination of the two...at least for myself.  Work was really busy - long weeks and of course some time on weekends as well.  So much of my time and energy went to work that I did feel like it was my purpose. 

About a year ago, I "Practiced" retirement.  I took a day of vacation and and told myself that this isn't a day of vacation, this is EVERY DAY for the rest of my life.  By the end of the day I was running back to my desk - I felt totally purposeless that day....so I've been tacking that emotionally for the last year....and obviously.....still working on it.

Oh, I really like Bon Vivant! Another one I read about was "Private Portfolio Manager"...;)
Title: Re: Target FIRE: 2017
Post by: Freedom17 on January 30, 2017, 06:47:41 PM
Private porfolio manager is a good one. I've considered using private banker as an occupation when people ask once I'm retired.

On being busy, there's a great quote you might like:

Beware the barrenness of a busy life - Socrates
Title: Re: Target FIRE: 2017
Post by: FIRE me on January 30, 2017, 07:19:05 PM
MarciaB officially confirming!

Today (Jan 30) is my last full-time-working-Monday-ever-in-life. My final paycheck hit my bank account this morning and it included a nice chunk of cashed out vacation time.

Tomorrow (Jan 31) is my last full-time-working-Tuesday-ever-in-life. At the end of the day my wonderful staff will take me out for a beer and that will be that.

This is the culmination of a three-year "FIR" plan (because at my age there's no "E" about it really, especially not in the MMM crowd). Feels great!

Congratulations, MarciaB. I'd like to hear about how your last day goes, if you don't mind sharing.
Title: Re: Target FIRE: 2017
Post by: FIRE me on January 30, 2017, 07:39:53 PM
Congratulations MarciaB!! Really awesome to see so many of our class already graduate, makes it that much more real for the rest of us.

Hope the grads will continue to check in once in a while. I'm very curious about post-FIRE and especially the initial transition period. Looking forward to updates everyone (and promise to post once its my turn :))

I'm two days away from having a full month of retirement under my belt. It isn't good. It's GREAT! It is unbelievable to think, as I do each night when I lay down, and each morning when I get up, that I will never have to work again.

I'm already feeling the benefits of being well rested and in a better mood. No more rushing when grocery shopping and running errands, and trying to knock out each task as quickly as possible in order to squeeze in another hour of relaxation before returning to work.

Still, I am choosing to accomplish some things, but at my own pace and in my own time.

I'm losing weight and exercising for the health benefits.

It seems like a small thing, but my house is finally as clean as I want it to be.

Learning Spanish is another goal I have set for myself. I'm using Duolingo, the price can't be beat (free), but I sometimes forget a previously introduced word and miss a test question.

Come Spring I am looking forward to outdoor activities and some outdoor painting of the trim on my house.
Title: Re: Target FIRE: 2017
Post by: FIRE me on January 30, 2017, 07:55:35 PM
I would like to re-brand this early retirement label.  Really I need to rebrand it for myself more than any other reason.  Tomorrow is my last working day and I feel panic that I'll just fade away.....even though for a year and a half I've been excited about all the possibilities that open up with extra time.  Now that the time has come....I'm nervous about it.  So....I think a rebranding with a more active, positive connotation than "early retirement" would set me straight into positive excitement again!

If you think of this as a new lifestyle, what would you call it, for instance, on LinkedIn?  I saw that our fearless blogger MMM has himself listed as "Leisure Engineer" :)

Thoughts?

Five pages of great and fun ideas here:

http://forum.mrmoneymustache.com/off-topic/business-card-ideas/
Title: Re: Target FIRE: 2017
Post by: SachaFiscal on January 31, 2017, 08:58:42 AM
Some inspiration, for people on the fence with OMY syndrome:

http://lifehacker.com/quitting-your-job-doesnt-mean-youre-too-weak-to-handle-1791772702?utm_campaign=socialflow_lifehacker_twitter&utm_source=lifehacker_twitter&utm_medium=socialflow

http://lifehacker.com/the-company-you-work-for-is-not-your-friend-1692113529?utm_campaign=socialflow_lifehacker_twitter&utm_source=lifehacker_twitter&utm_medium=socialflow
Title: Re: Target FIRE: 2017
Post by: MandyM on January 31, 2017, 12:29:45 PM

It seems like a small thing, but my house is finally as clean as I want it to be.

Learning Spanish is another goal I have set for myself. I'm using Duolingo, the price can't be beat (free), but I sometimes forget a previously introduced word and miss a test question.


A clean house is no small feat! This is high on my list of "things I hope happen after retirement."

I have started learning French on Duolingo - definitely check out their full website if you have only used the app so far. They include way more information and for more "book learning" types, it is very helpful.

Congrats to all our Jan graduates! As for my update, my boss is working on our office's 2017 business plan and he asked me if it was ok to list me as part time in it. Yes! Definitely put that in writing and make it more or less official!
Title: Re: Target FIRE: 2017
Post by: MrsWhipple on January 31, 2017, 01:06:28 PM
Just got back from a ten day vacation to Maui, and it feels nice to not be worrying about work for once! In the spirit of continuing part time, I'm still doing cover design and editing work for my publishing company. About two hours or so of work every week that is actually interesting to me, so that's perfect. Congrats to all those FIREing and/or going part time :)
Title: Re: Target FIRE: 2017
Post by: Freedom17 on January 31, 2017, 01:08:11 PM
Just got back from a ten day vacation to Maui, and it feels nice to not be worrying about work for once! In the spirit of continuing part time, I'm still doing cover design and editing work for my publishing company. About two hours or so of work every week that is actually interesting to me, so that's perfect. Congrats to all those FIREing and/or going part time :)

That's awesome. Sounds like you're rocking retirement. Congrats!

By the way how have you managed to pull this off at 32? Do you mind briefly sharing your story with us?
Title: Re: Target FIRE: 2017
Post by: rachael talcott on February 01, 2017, 05:51:28 PM


I have started learning French on Duolingo - definitely check out their full website if you have only used the app so far. They include way more information and for more "book learning" types, it is very helpful.


I'm also learning French.  I'm hoping to eventually live in France for at least a couple of years.  Do you have similar plans?
Title: Re: Target FIRE: 2017
Post by: CanuckExpat on February 01, 2017, 10:30:47 PM
I would like to re-brand this early retirement label.  Really I need to rebrand it for myself more than any other reason...
If you think of this as a new lifestyle, what would you call it, for instance, on LinkedIn?  I saw that our fearless blogger MMM has himself listed as "Leisure Engineer" :)

Thoughts?

Good question, this is something I'm still trying to figure out. I'd like to hear what others are doing.
I updated my LinkedIn as follows:

"
On Sabbatical
Travelling and Pursuing Other Interests
October 2016 – Present
Currently travelling across the USA and Canada spending time with family and friends.

Available for select consulting and contract roles.
"

Not sure if it sounds a bit on the fence. I left it open ended since I'm not at all opposed to consulting/contract gigs if they come up and are fun. I've had recruiters mainly find me through LinkedIn in the past so I wanted to leave that venue open.

Sabbatical sounds right enough, it may just be that the sabbatical turns out to be indefinite ;)

However, I have thought of also just changing it to "Independent Consultant" (with no gigs, unsaid) if that makes it easier to keep up appearances or less objectionable for recruiters to reach out.
Title: Re: Target FIRE: 2017
Post by: Freedom17 on February 02, 2017, 12:07:14 AM
I'm in the process of trying to negotiate a redundancy now. It's such a messy situation.

Would really appreciate people's thoughts and input!

The rumor is there are lots of layoffs ahead for our division. In preparation my boss has disassembled my team and the remaining teams have pretty uninteresting work.

The layoff package in my company is usually really good however in contrast to a severance package they actually pay you with full benefits for 3+ months and let you try and find another role in the company during that time. This would be ideal since it basically accelerates my date by 3 months.

So today I decided to try to take matters in my own hands and met with our director. I let him know that I was thinking of changing division anyway so if headcount reductions are needed feel free to put me on the list rather than someone who intends to stay in the division since I may not stick around anyway. He seemed really understanding and was actually thankful for me giving him a heads up.

The problem is that now being the nice guys that they are they're going to try to help me find another role in other divisions in the company through their own contacts. I should probably just push back and say I need to take time myself to find a role that is the right fit since it is so important to my career trajectory etc. It's tricky. I need to push back because I don't actually want to start in a new team at this point in time. On the other hand I can't act completely uninterested in the openings they bring my way since they'll feel like if I'm not actively pursuing a new team then I should join one of the horrible teams that remain after mine has been pulled apart.

Sort of a tricky situation. Any advice?
Title: Re: Target FIRE: 2017
Post by: MandyM on February 02, 2017, 06:01:30 AM


I have started learning French on Duolingo - definitely check out their full website if you have only used the app so far. They include way more information and for more "book learning" types, it is very helpful.


I'm also learning French.  I'm hoping to eventually live in France for at least a couple of years.  Do you have similar plans?

No, I started because my sister wanted me to learn with her. We decided that as a reward we will take a trip to Montreal together (she has a health issue that makes overseas travel difficult, plus we've both already been to France). People keep telling us that we don't have to learn french to go to Montreal, which misses the point.
Title: Re: Target FIRE: 2017
Post by: jack06 on February 02, 2017, 06:05:12 AM


I have started learning French on Duolingo - definitely check out their full website if you have only used the app so far. They include way more information and for more "book learning" types, it is very helpful.


I'm also learning French.  I'm hoping to eventually live in France for at least a couple of years.  Do you have similar plans?
Bon succès dans votre apprentissage du français à tous les deux ! :) Will check out Duolingo that I hadn't heard about, my retirement will start with a year of travel in Europe and I'd like to learn the basics of some of the languages of the countries I'll visit.
Title: Re: Target FIRE: 2017
Post by: MarciaB on February 02, 2017, 08:14:58 AM
MarciaB officially confirming!

Today (Jan 30) is my last full-time-working-Monday-ever-in-life. My final paycheck hit my bank account this morning and it included a nice chunk of cashed out vacation time.

Tomorrow (Jan 31) is my last full-time-working-Tuesday-ever-in-life. At the end of the day my wonderful staff will take me out for a beer and that will be that.

This is the culmination of a three-year "FIR" plan (because at my age there's no "E" about it really, especially not in the MMM crowd). Feels great!

Congratulations, MarciaB. I'd like to hear about how your last day goes, if you don't mind sharing.

My last day was good. Busy. Went by fast. Ended with my staff taking me out for a beer and presenting me with a hilarious goofy photo of the team.

Yesterday was the first official day of retirement and I was exhausted. Just completely wrecked. I don't think I realized what a sprint January was, trying to get my replacement onboarded and wrap up with staff (who were very sorry to see me go, and worrying out loud a lot about what's next). And of course management, being management, pulled some last minute bait and switch bullshit which left a bad taste in my mouth.

But today? It's day #2 of retirement and I'm up early and making plans for a good deal of exercise, researching travel, seeing my grandchild, preparing a healthy dinner...in short - all the good stuff that will be making up my life for the near future. Feels good.
Title: Re: Target FIRE: 2017
Post by: MrsWhipple on February 02, 2017, 03:35:29 PM
By the way how have you managed to pull this off at 32? Do you mind briefly sharing your story with us?
I got pretty darn lucky. Started self-publishing early on (2012) and wrote 100+ stories and 25 romance novels in the next four years, quit my regular job in 2014 to focus on publishing full time, netting just above a million dollars to date from the Kindle wave. Along with a couple hundred thousand I'd already saved up from my normal job and about $200k profit from my house sale (again, very lucky - bought in 2009 when they were giving you money to buy a house), it launched me into retirement. I've worked my ass off and now I'm going to take a few years off to raise a kid and then see if early retirement is still for me :)
Title: Re: Target FIRE: 2017
Post by: Freedom17 on February 02, 2017, 04:28:28 PM
By the way how have you managed to pull this off at 32? Do you mind briefly sharing your story with us?
I got pretty darn lucky. Started self-publishing early on (2012) and wrote 100+ stories and 25 romance novels in the next four years, quit my regular job in 2014 to focus on publishing full time, netting just above a million dollars to date from the Kindle wave. Along with a couple hundred thousand I'd already saved up from my normal job and about $200k profit from my house sale (again, very lucky - bought in 2009 when they were giving you money to buy a house), it launched me into retirement. I've worked my ass off and now I'm going to take a few years off to raise a kid and then see if early retirement is still for me :)

That's awesome! Thanks for sharing.
Title: Re: Target FIRE: 2017
Post by: Mrs. Pomodoro on February 02, 2017, 04:34:38 PM
"
On Sabbatical
Travelling and Pursuing Other Interests
October 2016 – Present
Currently travelling across the USA and Canada spending time with family and friends.

Available for select consulting and contract roles.
"

Has any recruiter contacted you after this change? (or did you turn off all notifications? ;)
Title: Re: Target FIRE: 2017
Post by: Freedom17 on February 02, 2017, 04:47:18 PM
I'm in the process of trying to negotiate a redundancy now. It's such a messy situation.

Would really appreciate people's thoughts and input!

The rumor is there are lots of layoffs ahead for our division. In preparation my boss has disassembled my team and the remaining teams have pretty uninteresting work.

The layoff package in my company is usually really good however in contrast to a severance package they actually pay you with full benefits for 3+ months and let you try and find another role in the company during that time. This would be ideal since it basically accelerates my date by 3 months.

So today I decided to try to take matters in my own hands and met with our director. I let him know that I was thinking of changing division anyway so if headcount reductions are needed feel free to put me on the list rather than someone who intends to stay in the division since I may not stick around anyway. He seemed really understanding and was actually thankful for me giving him a heads up.

The problem is that now being the nice guys that they are they're going to try to help me find another role in other divisions in the company through their own contacts. I should probably just push back and say I need to take time myself to find a role that is the right fit since it is so important to my career trajectory etc. It's tricky. I need to push back because I don't actually want to start in a new team at this point in time. On the other hand I can't act completely uninterested in the openings they bring my way since they'll feel like if I'm not actively pursuing a new team then I should join one of the horrible teams that remain after mine has been pulled apart.

Sort of a tricky situation. Any advice?

Well this all got resolved. They asked me to define a role for myself which will be high level research and analysis for critical projects. No early exit but interesting work and an awesome gym next door so I guess I might as well enjoy the last 6 months.

A friend told me to enjoy it as in his experience I'll actually miss some parts of office life.
Title: Re: Target FIRE: 2017
Post by: MrsWhipple on February 02, 2017, 06:14:36 PM
I definitely miss a ton about office life:
- the awesome coworkers and shooting the shit
- the office dog
- free coffee and tea and snacks

I will probably return to work at some point just because I love working in education and being around kids and smart people.

Congrats on the negotiations, Freedom! I think six months of really interesting work plus working out a lot should be fun!
Title: Re: Target FIRE: 2017
Post by: myhotrs on February 02, 2017, 06:18:45 PM
Well you guys work in much more fun offices than me apparently!

My list might look like this:

ok free coffee
... mmm, so yeah...
Title: Re: Target FIRE: 2017
Post by: SwordGuy on February 02, 2017, 07:13:09 PM
"
On Sabbatical
Travelling and Pursuing Other Interests
October 2016 – Present
Currently travelling across the USA and Canada spending time with family and friends.

Available for select consulting and contract roles.
"

Has any recruiter contacted you after this change? (or did you turn off all notifications? ;)
It's been my experience that a lot of recruiters don't actually read the resume before contacting someone.  Possibly ever.
Title: Re: Target FIRE: 2017
Post by: FIRE me on February 02, 2017, 08:00:18 PM
MarciaB officially confirming!

Today (Jan 30) is my last full-time-working-Monday-ever-in-life. My final paycheck hit my bank account this morning and it included a nice chunk of cashed out vacation time.

Tomorrow (Jan 31) is my last full-time-working-Tuesday-ever-in-life. At the end of the day my wonderful staff will take me out for a beer and that will be that.

This is the culmination of a three-year "FIR" plan (because at my age there's no "E" about it really, especially not in the MMM crowd). Feels great!

Congratulations, MarciaB. I'd like to hear about how your last day goes, if you don't mind sharing.

My last day was good. Busy. Went by fast. Ended with my staff taking me out for a beer and presenting me with a hilarious goofy photo of the team.

Yesterday was the first official day of retirement and I was exhausted. Just completely wrecked. I don't think I realized what a sprint January was, trying to get my replacement onboarded and wrap up with staff (who were very sorry to see me go, and worrying out loud a lot about what's next). And of course management, being management, pulled some last minute bait and switch bullshit which left a bad taste in my mouth.

But today? It's day #2 of retirement and I'm up early and making plans for a good deal of exercise, researching travel, seeing my grandchild, preparing a healthy dinner...in short - all the good stuff that will be making up my life for the near future. Feels good.

Glad your last day was mostly good.

Maybe that bait and switch bad taste will turn into a good taste, when you realize you won't ever again have to put up with their crap.
Title: Re: Target FIRE: 2017
Post by: CanuckExpat on February 02, 2017, 08:02:41 PM
"
On Sabbatical
Travelling and Pursuing Other Interests
October 2016 – Present
Currently travelling across the USA and Canada spending time with family and friends.

Available for select consulting and contract roles.
"

Has any recruiter contacted you after this change? (or did you turn off all notifications? ;)
It's been my experience that a lot of recruiters don't actually read the resume before contacting someone.  Possibly ever.

Heh ya, the bad recruiter thing happens by email, though I've been pleasantly surprised on LinkedIn that the ones who had reached out to me seem to have done their homework.
A few people have reached out after the change, to ask if I'm "on the market" but mostly it's been quiet. I think part of that has to do with us moving through and staying at smaller towns than before . I'm not always good at updating my location either.
Title: Re: Target FIRE: 2017
Post by: Mrs. Pomodoro on February 03, 2017, 03:25:04 PM
Well you guys work in much more fun offices than me apparently!

My list might look like this:

ok free coffee
... mmm, so yeah...

Wracked my brain this morning and couldn't come up with anything; not even free coffee, 'cause I don't like the blend they provided at work. #firstworldproblems
Title: Re: Target FIRE: 2017
Post by: Mrs. Pomodoro on February 03, 2017, 03:40:29 PM
It seems like a small thing, but my house is finally as clean as I want it to be.
A clean house is no small feat! This is high on my list of "things I hope happen after retirement."
It's so nice to be able to say that the house is as clean as you want it to be! It's the first thing I want to accomplish when I stop working, actually, along with decluttering.

I'm making slow progress now that I'm working 4 days a week, but my son and pets mess it up faster than I can keep up...
Title: Re: Target FIRE: 2017
Post by: Mrs. Pomodoro on February 03, 2017, 04:08:45 PM
Well this all got resolved. They asked me to define a role for myself which will be high level research and analysis for critical projects. No early exit but interesting work and an awesome gym next door so I guess I might as well enjoy the last 6 months.

A friend told me to enjoy it as in his experience I'll actually miss some parts of office life.

Funny (or scary?) how quickly things can change in mega corps when people want them to.

On my end, I heard in a roundabout (but I suspect not totally random) way that my replacement req is not approved yet, and at this point 3 days of me is better than no one; a coworker also offered me a contractor position 6 months after I leave. (I haven't even left yet!) It's absurd and kind of unfair to benefit from corporate politics and have all these cards to play with once we decide to leave. I always thought I don't have as much FU-money power since I'm a lowly engineer and people would just let me disappear in peace but guess I was wrong. It's a mad corporate world!
Title: Re: Target FIRE: 2017
Post by: rachael talcott on February 03, 2017, 05:42:14 PM


I have started learning French on Duolingo - definitely check out their full website if you have only used the app so far. They include way more information and for more "book learning" types, it is very helpful.


I'm also learning French.  I'm hoping to eventually live in France for at least a couple of years.  Do you have similar plans?

No, I started because my sister wanted me to learn with her. We decided that as a reward we will take a trip to Montreal together (she has a health issue that makes overseas travel difficult, plus we've both already been to France). People keep telling us that we don't have to learn french to go to Montreal, which misses the point.

I've never been to Montreal, but I hear that it's lovely. 
Title: Re: Target FIRE: 2017
Post by: Freedom17 on February 03, 2017, 06:04:18 PM
Well this all got resolved. They asked me to define a role for myself