Author Topic: 2018 FIRE cohort  (Read 119993 times)

SwordGuy

  • Magnum Stache
  • ******
  • Posts: 3369
  • Location: Fayetteville, NC
    • Flipping Fayetteville
Re: 2018 FIRE cohort
« Reply #150 on: December 21, 2016, 03:49:29 PM »
Updated to include NinetyFour!  Welcome to the 2018 Cohort!


 12/16  OzBeach
 03/17  Bateaux
 03/17  Libertea
~07/16  DividendMan
 12/17  Monkey Uncle
 ??/17  Myhotrs
 ??/17  NearlyThere
 01/18  FIBy30
 01/18  PrePube
 01/18  Retire-Canada
~01/18  WannaGoOutside
 01/18  Zinethstache
~02/18  MandyM
~02/18  PizzaSteve
~03/18  CherryLane
 03/18  Sofa King
 04/18  Calvin
 04/18  FernFree
 04/18  Gooki
~04/18  HappyMargo
 04/18  NinetyFour
 04/18  ZiziPB
 05/18  SwordGuy
 05/18  SwordGuy DW
 06/18  Cheddar Stacker
 06/18  Albireo13
 06/18  DavisGang90
 06/18  Financial Ascensionist
 06/18  Pylortes
 07/18  AussieGirl
~07/18  BackAndForth
 08/18  SpreadsheetMan DW
~09/18  Gimesalot
 10/18  Aperture
~10/18  Caoineag
 10/18  Happy
 10/18  Irishtache
 11/18  DeSteeg
 11/18   Kris



dividendman

  • Pencil Stache
  • ****
  • Posts: 998
  • Age: 35
Re: 2018 FIRE cohort
« Reply #151 on: December 21, 2016, 07:56:39 PM »
SwordGuy! I said I'd be FI in 2016 but my 10 year plan at age 25 was to RE at 35, i.e. 2017 or start of 2018. Hence joining this cohort. But... I just took a new job and will probably work well into 2018 because I'm a coward. :(

sol

  • Walrus Stache
  • *******
  • Posts: 5573
  • Age: 40
  • Location: Pacific Northwest
Re: 2018 FIRE cohort
« Reply #152 on: December 21, 2016, 08:42:52 PM »
I'm in like Flynn.

Find yourself in this list.  Modify your date if necessary.  Add yourself if you're missing.

My plan here is to strikethrough each person as their date arrives.  When you're (I'm) next in the list, your (my) time has come and you'd (I'd) better not hold up the list by keeping everyone waiting.


 mo/yr  username

 01/18  FIBy30
 01/18  PrePube
 01/18  Retire-Canada
~01/18  WannaGoOutside
 01/18  Zinethstache
~02/18  MandyM
~02/18  PizzaSteve
~03/18  CherryLane
 03/18  Sofa King
 03/18  sol
 04/18  Calvin
 04/18  FernFree
 04/18  Gooki
~04/18  HappyMargo
 04/18  NinetyFour
 04/18  ZiziPB
 05/18  SwordGuy
 05/18  SwordGuy DW
 06/18  Cheddar Stacker
 06/18  Albireo13
 06/18  DavisGang90
 06/18  Financial Ascensionist
 06/18  Pylortes
 07/18  AussieGirl
~07/18  BackAndForth
 08/18  SpreadsheetMan DW
~09/18  Gimesalot
 10/18  Aperture
~10/18  Caoineag
 10/18  Happy
 10/18  Irishtache
 11/18  DeSteeg
 11/18  Kris
 ??/18  brooklynguy



brooklynguy

  • Handlebar Stache
  • *****
  • Posts: 2114
  • Age: 37
Re: 2018 FIRE cohort
« Reply #153 on: December 21, 2016, 09:43:37 PM »
??/18  brooklynguy

Wow, seeing it in stark courier new makes it real; it might as well be carved in stone.  I won't commit to a specific month just yet, but I'll be damned if I let the year go by without having joined you fine folks in retirement.

Party at sol's house?

sol

  • Walrus Stache
  • *******
  • Posts: 5573
  • Age: 40
  • Location: Pacific Northwest
Re: 2018 FIRE cohort
« Reply #154 on: December 21, 2016, 10:11:53 PM »
makes it real; it might as well be carved in stone. 

That's kind of the point of this thread though, isn't it?

I have a countdown measured in months.  I need to make some concrete plans about how to deal with this.

As we've previously discussed, I'm unlikely to actually retire when I hit my FI number.  I think the date still has value for a variety of reasons, like following through on the discussion in that linked thread.  We all have to start somewhere.

Monkey Uncle

  • Handlebar Stache
  • *****
  • Posts: 1041
  • Location: West-by-god-Virginia
Re: 2018 FIRE cohort
« Reply #155 on: December 23, 2016, 04:12:50 AM »
Updated to include NinetyFour!  Welcome to the 2018 Cohort!


 12/16  OzBeach
 03/17  Bateaux
 03/17  Libertea
~07/16  DividendMan
 12/17  Monkey Uncle
 ??/17  Myhotrs
 ??/17  NearlyThere
 01/18  FIBy30
 01/18  PrePube
 01/18  Retire-Canada
~01/18  WannaGoOutside
 01/18  Zinethstache
~02/18  MandyM
~02/18  PizzaSteve
~03/18  CherryLane
 03/18  Sofa King
 04/18  Calvin
 04/18  FernFree
 04/18  Gooki
~04/18  HappyMargo
 04/18  NinetyFour
 04/18  ZiziPB
 05/18  SwordGuy
 05/18  SwordGuy DW
 06/18  Cheddar Stacker
 06/18  Albireo13
 06/18  DavisGang90
 06/18  Financial Ascensionist
 06/18  Pylortes
 07/18  AussieGirl
~07/18  BackAndForth
 08/18  SpreadsheetMan DW
~09/18  Gimesalot
 10/18  Aperture
~10/18  Caoineag
 10/18  Happy
 10/18  Irishtache
 11/18  DeSteeg
 11/18   Kris



I'm gonna stay with you 2018ers for now.  The election might have upended my 12/17 plans if it leads to unaffordable (or unavailable) private health insurance.  Hopefully we'll know where that's headed before the end of 2017 gets here.
"Take this job and shove it" - David Allan Coe

Retire-Canada

  • Walrus Stache
  • *******
  • Posts: 5010
Re: 2018 FIRE cohort
« Reply #156 on: December 23, 2016, 06:44:18 AM »
I'll be downshifting to PT at the start of 2018. If that is sufficient to keep me on the roll I'm happy to stay their as it will be a good way to keep me honest. OTOH that's not 100% FIREing so I won't be offended if you want to strike me from the list.

CowboyAndIndian

  • Handlebar Stache
  • *****
  • Posts: 1061
  • Location: NJ, USA
    • KOWines: Deep discount wine/spirits store.
Re: 2018 FIRE cohort
« Reply #157 on: December 23, 2016, 06:55:19 AM »
I'm not sure, if I belong here...
My plan is to RE in 2018, but I'm FI already.
It's a wonderful feeling overall, but the job is still as boring as before.

I am in exactly the same spot. I am FI, but need to wait for DS2 to finish high school so that we can move from this HCOL area.
I might as well work if I have to stay here.

I am a consultant, and have my contract until March 2017. My boss definitely wants it extended. But (there's always a but, isn't there?), in the case my contract ends, I do not plan to look for a new job.

So, could you please add me to the 2018 Cohort. June 2018 when DS2's HS ends is the absolute last I will pull the trigger.

CowboyAndIndian

  • Handlebar Stache
  • *****
  • Posts: 1061
  • Location: NJ, USA
    • KOWines: Deep discount wine/spirits store.
Re: 2018 FIRE cohort
« Reply #158 on: December 23, 2016, 07:03:10 AM »
Adding my name to the list.


 12/16  OzBeach
 03/17  Bateaux
 03/17  Libertea
~07/16  DividendMan
 12/17  Monkey Uncle
 ??/17  Myhotrs
 ??/17  NearlyThere
 01/18  FIBy30
 01/18  PrePube
 01/18  Retire-Canada
~01/18  WannaGoOutside
 01/18  Zinethstache
~02/18  MandyM
~02/18  PizzaSteve
~03/18  CherryLane
 03/18  Sofa King
 04/18  Calvin
 04/18  FernFree
 04/18  Gooki
~04/18  HappyMargo
 04/18  NinetyFour
 04/18  ZiziPB
 05/18  SwordGuy
 05/18  SwordGuy DW
 06/18  Cheddar Stacker
 06/18  Albireo13
 06/18  DavisGang90
 06/18  Financial Ascensionist
 06/18  Pylortes
06/18 CowboyAndIndian
 07/18  AussieGirl
~07/18  BackAndForth
 08/18  SpreadsheetMan DW
~09/18  Gimesalot
 10/18  Aperture
~10/18  Caoineag
 10/18  Happy
 10/18  Irishtache
 11/18  DeSteeg
 11/18   Kris


Omalley

  • 5 O'Clock Shadow
  • *
  • Posts: 6
Re: 2018 FIRE cohort
« Reply #159 on: December 26, 2016, 08:21:33 PM »
Spent years following the MMM site and forum.  Mentally moved the date from 2016 to 2017 and now 2018.  Already FI, just trying to get closer to a 3% withdrawal rate due to a planned 50 year retirement.

Adding my name to the list.


 12/16  OzBeach
 03/17  Bateaux
 03/17  Libertea
~07/16  DividendMan
 12/17  Monkey Uncle
 ??/17  Myhotrs
 ??/17  NearlyThere
 01/18  FIBy30
 01/18  PrePube
 01/18  Retire-Canada
~01/18  WannaGoOutside
 01/18  Zinethstache
~02/18  MandyM
~02/18  PizzaSteve
~03/18  CherryLane
 03/18  Sofa King
 04/18  Calvin
 04/18  FernFree
 04/18  Gooki
~04/18  HappyMargo
 04/18  NinetyFour
 04/18  ZiziPB
 05/18  SwordGuy
 05/18  SwordGuy DW
 06/18  Cheddar Stacker
 06/18  Albireo13
 06/18  DavisGang90
 06/18  Financial Ascensionist
 06/18  Pylortes
 06/18 CowboyAndIndian
 [/b] 06/18 Omalley [/b]
 07/18  AussieGirl
~07/18  BackAndForth
 08/18  SpreadsheetMan DW
~09/18  Gimesalot
 10/18  Aperture
~10/18  Caoineag
 10/18  Happy
 10/18  Irishtache
 11/18  DeSteeg
 11/18   Kris


Omalley

CowboyAndIndian

  • Handlebar Stache
  • *****
  • Posts: 1061
  • Location: NJ, USA
    • KOWines: Deep discount wine/spirits store.
Re: 2018 FIRE cohort
« Reply #160 on: December 27, 2016, 06:53:43 AM »
Fixed the bold for you...

Spent years following the MMM site and forum.  Mentally moved the date from 2016 to 2017 and now 2018.  Already FI, just trying to get closer to a 3% withdrawal rate due to a planned 50 year retirement.

Adding my name to the list.


 12/16  OzBeach
 03/17  Bateaux
 03/17  Libertea
~07/16  DividendMan
 12/17  Monkey Uncle
 ??/17  Myhotrs
 ??/17  NearlyThere
 01/18  FIBy30
 01/18  PrePube
 01/18  Retire-Canada
~01/18  WannaGoOutside
 01/18  Zinethstache
~02/18  MandyM
~02/18  PizzaSteve
~03/18  CherryLane
 03/18  Sofa King
 04/18  Calvin
 04/18  FernFree
 04/18  Gooki
~04/18  HappyMargo
 04/18  NinetyFour
 04/18  ZiziPB
 05/18  SwordGuy
 05/18  SwordGuy DW
 06/18  Cheddar Stacker
 06/18  Albireo13
 06/18  DavisGang90
 06/18  Financial Ascensionist
 06/18  Pylortes
 06/18 CowboyAndIndian
  06/18 Omalley
 07/18  AussieGirl
~07/18  BackAndForth
 08/18  SpreadsheetMan DW
~09/18  Gimesalot
 10/18  Aperture
~10/18  Caoineag
 10/18  Happy
 10/18  Irishtache
 11/18  DeSteeg
 11/18   Kris


Omalley

Financial Ascensionist

  • 5 O'Clock Shadow
  • *
  • Posts: 93
  • Location: San Francisco Bay Area
Re: 2018 FIRE cohort
« Reply #161 on: December 27, 2016, 11:31:45 AM »
You will have to remove me from this list, guys.  The month is right, but I am very positive that 2017 is the year and I am eagerly counting the days: 150 to go! 

My reason for moving a year ahead is a combination of realizing that I really won't need as big of a stash as I originally thought and seeing much better return on my investments that I was expecting.  Keeping good records of my expenses was a surprisingly liberating way to gain confidence on my future.  Keep up at it, everyone.  You are almost done!

NinetyFour

  • Magnum Stache
  • ******
  • Posts: 4735
  • Location: Southwestern US
  • 147 days until Freedom!
Re: 2018 FIRE cohort
« Reply #162 on: December 27, 2016, 11:38:51 AM »
You will have to remove me from this list, guys.  The month is right, but I am very positive that 2017 is the year and I am eagerly counting the days: 150 to go! 

My reason for moving a year ahead is a combination of realizing that I really won't need as big of a stash as I originally thought and seeing much better return on my investments that I was expecting.  Keeping good records of my expenses was a surprisingly liberating way to gain confidence on my future.  Keep up at it, everyone.  You are almost done!

Congrats!  150 days will fly by!!!
My Journal

Countdown to Freedom:  147 days; 16 weeks of classes; 48 days of classes

Financial Ascensionist

  • 5 O'Clock Shadow
  • *
  • Posts: 93
  • Location: San Francisco Bay Area
Re: 2018 FIRE cohort
« Reply #163 on: December 27, 2016, 05:08:35 PM »
Congrats!  150 days will fly by!!!

Yes, I also think so.  Right now I am scrambling to get rid of stuff as much as possible so I can start travelling in peace when the time arrives. 
« Last Edit: December 27, 2016, 06:28:33 PM by Financial Ascensionist »

Fresh Bread

  • Pencil Stache
  • ****
  • Posts: 858
  • Location: Australia
  • Insert dough/bread/crust joke
Re: 2018 FIRE cohort
« Reply #164 on: December 27, 2016, 05:56:19 PM »
I've added myself in finally.

 12/16  OzBeach
 03/17  Bateaux
 03/17  Libertea
~07/16  DividendMan
 12/17  Monkey Uncle
 ??/17  Myhotrs
 ??/17  NearlyThere
 01/18  FIBy30
 01/18  PrePube
 01/18  Retire-Canada
~01/18  WannaGoOutside
 01/18  Zinethstache
~02/18  MandyM
~02/18  PizzaSteve
~03/18  CherryLane
 03/18  Sofa King
 04/18  Calvin
 04/18  FernFree
 04/18  Gooki
~04/18  HappyMargo
 04/18  NinetyFour
 04/18  ZiziPB
 05/18  SwordGuy
 05/18  SwordGuy DW
 06/18  Cheddar Stacker
 06/18  Albireo13
 06/18  DavisGang90
 06/18  Financial Ascensionist
 06/18  Pylortes
 06/18 CowboyAndIndian
 06/18 Omalley
 07/18  AussieGirl
~07/18  BackAndForth
07/18  Freshwater
 08/18  SpreadsheetMan DW
~09/18  Gimesalot
 10/18  Aperture
~10/18  Caoineag
 10/18  Happy
 10/18  Irishtache
 11/18  DeSteeg
 11/18   Kris

SwordGuy

  • Magnum Stache
  • ******
  • Posts: 3369
  • Location: Fayetteville, NC
    • Flipping Fayetteville
Re: 2018 FIRE cohort
« Reply #165 on: December 27, 2016, 06:57:38 PM »
Moving Financial Ascensionist forward a year.


~07/16  DividendMan
 12/16  OzBeach
 03/17  Bateaux
 03/17  Libertea
 06/17  Financial Ascensionist
 12/17  Monkey Uncle
 ??/17  Myhotrs
 ??/17  NearlyThere
 01/18  FIBy30
 01/18  PrePube
 01/18  Retire-Canada
~01/18  WannaGoOutside
 01/18  Zinethstache
~02/18  MandyM
~02/18  PizzaSteve
~03/18  CherryLane
 03/18  Sofa King
 04/18  Calvin
 04/18  FernFree
 04/18  Gooki
~04/18  HappyMargo
 04/18  NinetyFour
 04/18  ZiziPB
 05/18  SwordGuy
 05/18  SwordGuy DW
 06/18  Cheddar Stacker
 06/18  Albireo13
 06/18  DavisGang90
 06/18  Pylortes
 06/18 CowboyAndIndian
 06/18 Omalley
 07/18  AussieGirl
~07/18  BackAndForth
 07/18  Freshwater
 08/18  SpreadsheetMan DW
~09/18  Gimesalot
 10/18  Aperture
~10/18  Caoineag
 10/18  Happy
 10/18  Irishtache
 11/18  DeSteeg
 11/18   Kris

brooklynguy

  • Handlebar Stache
  • *****
  • Posts: 2114
  • Age: 37
Re: 2018 FIRE cohort
« Reply #166 on: December 28, 2016, 10:26:34 AM »
Reinserting sol and me (what are we, chopped liver?) and moving dividendman to reflect his latest post.


 12/16  OzBeach
 03/17  Bateaux
 03/17  Libertea
 06/17  Financial Ascensionist
 12/17  Monkey Uncle
 ??/17  Myhotrs
 ??/17  NearlyThere
 01/18  FIBy30
 01/18  PrePube
 01/18  Retire-Canada
~01/18  WannaGoOutside
 01/18  Zinethstache
~02/18  MandyM
~02/18  PizzaSteve
~03/18  CherryLane
 03/18  Sofa King
 03/18  sol
 04/18  Calvin
 04/18  FernFree
 04/18  Gooki
~04/18  HappyMargo
 04/18  NinetyFour
 04/18  ZiziPB
 05/18  SwordGuy
 05/18  SwordGuy DW
 06/18  Cheddar Stacker
 06/18  Albireo13
 06/18  DavisGang90
 06/18  Pylortes
 06/18  CowboyAndIndian
 06/18  Omalley
 07/18  AussieGirl
~07/18  BackAndForth
 07/18  Freshwater
 08/18  SpreadsheetMan DW
~09/18  Gimesalot
 10/18  Aperture
~10/18  Caoineag
 10/18  Happy
 10/18  Irishtache
 11/18  DeSteeg
 11/18  Kris
 ??/18  brooklynguy
 ??/18  dividendman

sol

  • Walrus Stache
  • *******
  • Posts: 5573
  • Age: 40
  • Location: Pacific Northwest
Re: 2018 FIRE cohort
« Reply #167 on: December 28, 2016, 11:07:25 AM »
Sweet, thanks BG.

When 2018 rolls around, I'm going to start PMing everyone on this list to ask why they haven't announced their retirement here after their declared date has come and gone.

We need accountability, people!  If you backslide, I will be tempted to as well.  Don't make me work longer than necessary just because you are afraid of change.  That's my job, and I don't need any help.

Cherry Lane

  • Pencil Stache
  • ****
  • Posts: 835
  • Location: Virginia
Re: 2018 FIRE cohort
« Reply #168 on: December 28, 2016, 01:40:55 PM »
Sweet, thanks BG.

When 2018 rolls around, I'm going to start PMing everyone on this list to ask why they haven't announced their retirement here after their declared date has come and gone.

We need accountability, people!  If you backslide, I will be tempted to as well.  Don't make me work longer than necessary just because you are afraid of change.  That's my job, and I don't need any help.
I'm glad we have someone here to hold us accountable. With each passing day my desire to move to 2017 increases.  I just want the extra tax-advantaged space available with extending to 2018. I promise to do as little work as possible during those last 2 to 3 months, and will report my change of status here.

brooklynguy

  • Handlebar Stache
  • *****
  • Posts: 2114
  • Age: 37
Re: 2018 FIRE cohort
« Reply #169 on: December 28, 2016, 05:14:05 PM »
With each passing day my desire to move to 2017 increases.

Go ahead and speed up your FIRE date; more power to you.  This thread's utility lies in establishing accountability against retirement postponement, not the other way around.  When the market tanks or affordable healthcare coverage disappears or another OMY excuse-of-choice manifests itself, having your name plastered on the countdown list for all your forum friends to see will force you to either pull the trigger or live in pseudonymous mustache shame.

Come hell or high water, if I haven't leapt into retirement by the end of 2018, I'm counting on all of you to push me off the ledge.

Godspeed, Class of 2018.

momcpa

  • 5 O'Clock Shadow
  • *
  • Posts: 74
Re: 2018 FIRE cohort
« Reply #170 on: December 28, 2016, 07:02:24 PM »
The plan right now is to go Part-time starting February 1, 2017.  Do this for one year, then be totally finished January 31, 2018.

So I guess my name can be added to your list !!   Thanks.

Cherry Lane

  • Pencil Stache
  • ****
  • Posts: 835
  • Location: Virginia
Re: 2018 FIRE cohort
« Reply #171 on: December 28, 2016, 09:30:11 PM »
With each passing day my desire to move to 2017 increases.

Go ahead and speed up your FIRE date; more power to you.  This thread's utility lies in establishing accountability against retirement postponement, not the other way around. 

Oh, I didn't mean I won't go early just because I've committed to 2018.  I want to stop working, but I'm not actually ready yet, mentally or financially.  And I'll need a kick in the pants two springs from now to get me out of analysis paralysis.

The plan right now is to go Part-time starting February 1, 2017.  Do this for one year, then be totally finished January 31, 2018.

So I guess my name can be added to your list !!   Thanks.
Welcome to the club, momcpa!

CowboyAndIndian

  • Handlebar Stache
  • *****
  • Posts: 1061
  • Location: NJ, USA
    • KOWines: Deep discount wine/spirits store.
Re: 2018 FIRE cohort
« Reply #172 on: December 29, 2016, 06:46:34 AM »
Adding momcpa


 12/16  OzBeach
 03/17  Bateaux
 03/17  Libertea
 06/17  Financial Ascensionist
 12/17  Monkey Uncle
 ??/17  Myhotrs
 ??/17  NearlyThere
 01/18  FIBy30
 01/18  PrePube
 01/18  Retire-Canada
~01/18  WannaGoOutside
 01/18  Zinethstache
01/18 MomCPA
~02/18  MandyM
~02/18  PizzaSteve
~03/18  CherryLane
 03/18  Sofa King
 03/18  sol
 04/18  Calvin
 04/18  FernFree
 04/18  Gooki
~04/18  HappyMargo
 04/18  NinetyFour
 04/18  ZiziPB
 05/18  SwordGuy
 05/18  SwordGuy DW
 06/18  Cheddar Stacker
 06/18  Albireo13
 06/18  DavisGang90
 06/18  Pylortes
 06/18  CowboyAndIndian
 06/18  Omalley
 07/18  AussieGirl
~07/18  BackAndForth
 07/18  Freshwater
 08/18  SpreadsheetMan DW
~09/18  Gimesalot
 10/18  Aperture
~10/18  Caoineag
 10/18  Happy
 10/18  Irishtache
 11/18  DeSteeg
 11/18  Kris
 ??/18  brooklynguy
 ??/18  dividendman


SwordGuy

  • Magnum Stache
  • ******
  • Posts: 3369
  • Location: Fayetteville, NC
    • Flipping Fayetteville
Re: 2018 FIRE cohort
« Reply #173 on: December 29, 2016, 12:09:13 PM »
With each passing day my desire to move to 2017 increases.

I know how you feel!  My wife and I were planning on a April-June 2017 FI date...   We've postponed it for a year.

This thread's utility lies in establishing accountability against retirement postponement, not the other way around.  When the market tanks or affordable healthcare coverage disappears or another OMY excuse-of-choice manifests itself, having your name plastered on the countdown list for all your forum friends to see will force you to either pull the trigger or live in pseudonymous mustache shame.

Hangs head in shame. :(

Not really.  (Well, not as much...)

We didn't get hit with OMY syndrome, that wasn't the reason for holding off a year.   We had been keeping tabs on a really cool abandoned house in our neighborhood for the last several years.   It's been falling apart and was likely to be torn down by the city in another year or two, or sold to a developer who would raze it and build condos or a mcmansion.

When the house was built in 1951 it would have been one of the coolest in the county, if not THE coolest.    It came on the market at a reasonable price this fall and we bought it to renovate it, put it on the historic register, and flip it.   Including the purchase price, it's going to cost between $200,000 and a quarter of a million dollars to get it ready for market.   We have a pretty sure idea we can break even at worst, and a reasonable chance of actually making money if we're smart about it. 

But golly, a QUARTER OF A MILLION DOLLARS of cash expense was enough to give us pause.   

We paid $101k cash to purchase it.  We decided to hang onto our jobs and cash flow the renovation costs out of our salary instead of our stash.

Sequence of returns risk is bad enough without voluntarily adding an additional quarter of a million dollars to the first two year's expenses on top of the "regular draw" on the stash. 

In theory we would be fine if we drew down our stash cover this expense.   But we have a mentally handicapped daughter to provide for after we're gone, so it's not just a gamble for us.  It's a gamble for her, too.   So, OMY it is. 

We're trying to balance the risk of it costing $300k to fix up instead of $200k, the real estate market tanking so we can't sell the house at break-even or better, plus the general risk of economic bad times.  We can rent out the house once it's finished to staunch the money wounds of insurance, utilities and taxes on a temporary basis until the market recovers, but it's not going to be good rental investment.

If the big ticket renovation costs  turn out to be less expensive than planned for (like, miracle of miracles, the HVAC system actually works when it gets hooked up to electricity again, there are no plumbing issues that require cutting thru the slab or replacing pipe due to tree root damage, and there are no horrible surprises once we tear out the damaged ceilings and walls), we'll revisit an earlier retirement date.

chasesfish

  • Handlebar Stache
  • *****
  • Posts: 1732
  • Location: Texas
    • Years in the making, I created a journal!
Re: 2018 FIRE cohort
« Reply #174 on: December 29, 2016, 04:56:59 PM »
You can add me to this list, I'd guess July 2018.  I could pull it off in March/April, but get the extra year of pension service credited by working through July 4th.
Counting down the days until I Stop Ironing Shirts

I occasionally Blog

SwordGuy

  • Magnum Stache
  • ******
  • Posts: 3369
  • Location: Fayetteville, NC
    • Flipping Fayetteville
Re: 2018 FIRE cohort
« Reply #175 on: December 29, 2016, 05:15:20 PM »


 12/16  OzBeach
 03/17  Bateaux
 03/17  Libertea
 06/17  Financial Ascensionist
 12/17  Monkey Uncle
 ??/17  Myhotrs
 ??/17  NearlyThere
 01/18  FIBy30
 01/18  PrePube
 01/18  Retire-Canada
~01/18  WannaGoOutside
 01/18  Zinethstache
 01/18 MomCPA
~02/18  MandyM
~02/18  PizzaSteve
~03/18  CherryLane
 03/18  Sofa King
 03/18  sol
 04/18  Calvin
 04/18  FernFree
 04/18  Gooki
~04/18  HappyMargo
 04/18  NinetyFour
 04/18  ZiziPB
 05/18  SwordGuy
 05/18  SwordGuy DW
 06/18  Cheddar Stacker
 06/18  Albireo13
 06/18  DavisGang90
 06/18  Pylortes
 06/18  CowboyAndIndian
 06/18  Omalley
 07/18  AussieGirl
~07/18  BackAndForth
 07/18  ChasesFish
 07/18  Freshwater
 08/18  SpreadsheetMan DW
~09/18  Gimesalot
 10/18  Aperture
~10/18  Caoineag
 10/18  Happy
 10/18  Irishtache
 11/18  DeSteeg
 11/18  Kris
 ??/18  brooklynguy
 ??/18  dividendman


ozbeach

  • Stubble
  • **
  • Posts: 193
  • Age: 53
  • Location: Australia
Re: 2018 FIRE cohort
« Reply #176 on: December 29, 2016, 07:25:08 PM »

 03/17  Bateaux
 03/17  Libertea
 06/17  Financial Ascensionist
 12/17  Monkey Uncle
 ??/17  Myhotrs
 ??/17  NearlyThere
 01/18  FIBy30
 01/18  PrePube
 01/18  Retire-Canada
~01/18  WannaGoOutside
 01/18  Zinethstache
 01/18  MomCPA
 01/18  OzBeach
~02/18  MandyM
~02/18  PizzaSteve
~03/18  CherryLane
 03/18  Sofa King
 03/18  sol
 04/18  Calvin
 04/18  FernFree
 04/18  Gooki
~04/18  HappyMargo
 04/18  NinetyFour
 04/18  ZiziPB
 05/18  SwordGuy
 05/18  SwordGuy DW
 06/18  Cheddar Stacker
 06/18  Albireo13
 06/18  DavisGang90
 06/18  Pylortes
 06/18  CowboyAndIndian
 06/18  Omalley
 07/18  AussieGirl
~07/18  BackAndForth
 07/18  ChasesFish
 07/18  Freshwater
 08/18  SpreadsheetMan DW
~09/18  Gimesalot
 10/18  Aperture
~10/18  Caoineag
 10/18  Happy
 10/18  Irishtache
 11/18  DeSteeg
 11/18  Kris
 ??/18  brooklynguy
 ??/18  dividendman



I moved myself to Jan18 - I went on long service leave in November, but am due to report back at work in Jan18, so that will be my retirement date, unless I one-more-year.
Late to FI; but better late than never!

aperture

  • Bristles
  • ***
  • Posts: 399
  • Location: Colorado
Re: 2018 FIRE cohort
« Reply #177 on: December 29, 2016, 08:46:25 PM »
 03/17  Bateaux
 03/17  Libertea
 06/17  Financial Ascensionist
 12/17  Monkey Uncle
 ??/17  Myhotrs
 ??/17  NearlyThere
 01/18  FIBy30
 01/18  PrePube
 01/18  Retire-Canada
~01/18  WannaGoOutside
 01/18  Zinethstache
 01/18  MomCPA
 01/18  OzBeach
~02/18  MandyM
~02/18  PizzaSteve
~03/18  CherryLane
 03/18  Sofa King
 03/18  sol
 04/18  Calvin
 04/18  FernFree
 04/18  Gooki
~04/18  HappyMargo
 04/18  NinetyFour
 04/18  ZiziPB
 05/18  SwordGuy
 05/18  SwordGuy DW
 06/18  Cheddar Stacker
 06/18  Albireo13
 06/18  DavisGang90
 06/18  Pylortes
 06/18  CowboyAndIndian
 06/18  Omalley
 06/18 aperture
 07/18  AussieGirl
~07/18  BackAndForth
 07/18  ChasesFish
 07/18  Freshwater
 08/18  SpreadsheetMan DW
~09/18  Gimesalot
10/18  Aperture
~10/18  Caoineag
 10/18  Happy
 10/18  Irishtache
 11/18  DeSteeg
 11/18  Kris
 ??/18  brooklynguy
 ??/18  dividendman

Will 2018 ever get here?
Able was I, ere I saw Elba.

Pylortes

  • Stubble
  • **
  • Posts: 157
Re: 2018 FIRE cohort
« Reply #178 on: December 30, 2016, 10:56:36 AM »
Hmmm- you guys are getting very particular lately about exact dates.  I guess I should have anticipated this.  I have my target down right now as June 2018- but this is just an estimate at this point.  There are external things out of my control (ie my spouse's job situation) that could speed it up to as early as March 2018 or as late as into 2019.  Maybe I just need to have someone add a squiggly mark around my date in case it ends up being several months late.  But will the squiggly mark really save me from the wrath if I don't quit my job right on time with my original target?

Retire-Canada

  • Walrus Stache
  • *******
  • Posts: 5010
Re: 2018 FIRE cohort
« Reply #179 on: December 30, 2016, 11:04:54 AM »
But will the squiggly mark really save me from the wrath if I don't quit my job right on time with my original target?

I think you are overestimating the wrath that will befall you.

rob in cal

  • Stubble
  • **
  • Posts: 241
Re: 2018 FIRE cohort
« Reply #180 on: December 30, 2016, 03:31:33 PM »
  The list is really inspirational, even if only a good portion of you lively 2018ers actually make it.  Pretty soon the post-fire thread is going to be the more happening place on this forum.

Fresh Bread

  • Pencil Stache
  • ****
  • Posts: 858
  • Location: Australia
  • Insert dough/bread/crust joke
Re: 2018 FIRE cohort
« Reply #181 on: December 30, 2016, 03:44:25 PM »
I think I need a squiggly mark too.

SwordGuy

  • Magnum Stache
  • ******
  • Posts: 3369
  • Location: Fayetteville, NC
    • Flipping Fayetteville
Re: 2018 FIRE cohort
« Reply #182 on: December 30, 2016, 04:23:19 PM »

 03/17  Bateaux
 03/17  Libertea
 06/17  Financial Ascensionist
 12/17  Monkey Uncle
 ??/17  Myhotrs
 ??/17  NearlyThere
 01/18  FIBy30
 01/18  PrePube
 01/18  Retire-Canada
~01/18  WannaGoOutside
 01/18  Zinethstache
 01/18  MomCPA
 01/18  OzBeach
~02/18  MandyM
~02/18  PizzaSteve
~03/18  CherryLane
 03/18  Sofa King
 03/18  sol
 04/18  Calvin
 04/18  FernFree
 04/18  Gooki
~04/18  HappyMargo
 04/18  NinetyFour
 04/18  ZiziPB
 05/18  SwordGuy
 05/18  SwordGuy DW
 06/18  Cheddar Stacker
 06/18  Albireo13
 06/18  DavisGang90
 ~06/18  Pylortes
 06/18  CowboyAndIndian
 06/18  Omalley
 06/18 aperture
 07/18  AussieGirl
~07/18  BackAndForth
 07/18  ChasesFish
 ~07/18  Freshwater
 08/18  SpreadsheetMan DW
~09/18  Gimesalot
 10/18  Aperture
~10/18  Caoineag
 10/18  Happy
 10/18  Irishtache
 11/18  DeSteeg
 11/18  Kris
 ??/18  brooklynguy
 ??/18  dividendman


SwordGuy

  • Magnum Stache
  • ******
  • Posts: 3369
  • Location: Fayetteville, NC
    • Flipping Fayetteville
Re: 2018 FIRE cohort
« Reply #183 on: December 30, 2016, 06:27:56 PM »
Hmmm- you guys are getting very particular lately about exact dates.  I guess I should have anticipated this.  I have my target down right now as June 2018- but this is just an estimate at this point.  There are external things out of my control (ie my spouse's job situation) that could speed it up to as early as March 2018 or as late as into 2019.  Maybe I just need to have someone add a squiggly mark around my date in case it ends up being several months late.  But will the squiggly mark really save me from the wrath if I don't quit my job right on time with my original target?

Most of us are making educated guesses as to when we'll be in a position to FIRE.   Will my wife and I be ready exactly in May, 2018?

Maybe, maybe not.   We'll find out when we're ready.   

A few people can give an exact date many years in advance.  It usually means they have a pension that kicks in on that date.  The rest of us have to do with approximations.

My wife is a professor, so May or December are the two most likely months for her.   Of course, she could just up and quit in the middle of a semester if we hit our numbers, but that's just unprofessional.  It would also cause a lot of disruption to her colleagues and her students.   And that's just not right.

I'll give at least 90 days notice with the willingness to work for a few more months if there are delays in getting a replacement.  That's partly because I don't think my employer would do anything nasty, and also because I believe in what our client does, so I want to make it easy on them.   It's just part of being professional.  It's also good business.


chasesfish

  • Handlebar Stache
  • *****
  • Posts: 1732
  • Location: Texas
    • Years in the making, I created a journal!
Re: 2018 FIRE cohort
« Reply #184 on: December 31, 2016, 06:19:46 AM »
For some of us, our dates can be specific.  For example, I'm paid a significant portion of my compensation every March, then qualify for a full-year of pension service once I work 1000 hours in a year.   This means my only two logical moments are March or July.

I figure if I make it until March, I can do another 3 months for an additional year of pension benefit, which is about $1,000/mo more once I turn 55.
Counting down the days until I Stop Ironing Shirts

I occasionally Blog

SwordGuy

  • Magnum Stache
  • ******
  • Posts: 3369
  • Location: Fayetteville, NC
    • Flipping Fayetteville
Re: 2018 FIRE cohort
« Reply #185 on: December 31, 2016, 11:07:55 AM »
For some of us, our dates can be specific.  For example, I'm paid a significant portion of my compensation every March, then qualify for a full-year of pension service once I work 1000 hours in a year.   This means my only two logical moments are March or July.

I figure if I make it until March, I can do another 3 months for an additional year of pension benefit, which is about $1,000/mo more once I turn 55.

Wow, 3 more months of work for $12,000 a year for 20 to 35 years?    Yeah, I could do that.  Totally.

Retire-Canada

  • Walrus Stache
  • *******
  • Posts: 5010
Re: 2018 FIRE cohort
« Reply #186 on: December 31, 2016, 11:13:39 AM »
Wow, 3 more months of work for $12,000 a year for 20 to 35 years?    Yeah, I could do that.  Totally.

That's a solid pay off. The equivalent of saving/investing $100K/month. :)

chasesfish

  • Handlebar Stache
  • *****
  • Posts: 1732
  • Location: Texas
    • Years in the making, I created a journal!
Re: 2018 FIRE cohort
« Reply #187 on: December 31, 2016, 01:34:31 PM »
Good timing, I have a poor compensation year falling off and replaced by a much better one in addition to the additional year of employment credit.
Counting down the days until I Stop Ironing Shirts

I occasionally Blog

Pylortes

  • Stubble
  • **
  • Posts: 157
Re: 2018 FIRE cohort
« Reply #188 on: January 01, 2017, 02:25:46 PM »
Thank you Swordguy for accommodating my squiggly mark and also the thoughtful comments.  I too would like to leave in a professional manner with some advanced notice perhaps 1-2 month if possible. 

I'm gunning for 6/29/18 but need the squiggly mark since my date correspondents with some other family changes. I know the OMY syndrome will likely be kicking in too.  It's hard to walk away when I just made my highest annual income ever and it's taken years to get here.  Still want to ride the gravy train another year and a half or so and look for an exit point. However I'm heavily invested in the markets so if we go into bear market territory shortly before or around my date I may have to hold on longer. I just turned 40 though so I could probably handle an extra couple of years work if necessary.




SwordGuy

  • Magnum Stache
  • ******
  • Posts: 3369
  • Location: Fayetteville, NC
    • Flipping Fayetteville
Re: 2018 FIRE cohort
« Reply #189 on: January 02, 2017, 11:02:45 PM »
I put this same info on the 2017 Cohort thread since I spent so much time there before switching to 2018.

=========================

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, 2017.

But my wife is on board to retire one year after that, in spring of 2018.   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.  That's why we decided to switch from 2017 to 2018.

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 off this list and back on the 2017 list before the end of the year!

Cherry Lane

  • Pencil Stache
  • ****
  • Posts: 835
  • Location: Virginia
Re: 2018 FIRE cohort
« Reply #190 on: January 03, 2017, 11:14:43 AM »
Here I am, on the first workday of my (our) last full year of work.  I decided to add up my remaining working hours.

Scheduled working hours: ~2500
vacation time (on the books plus what I'll earn): 495
sick time (on the books plus what I'll earn): 717

So if I can figure out how to actually use all that sick time, I could be working only half-time from now until FIRE!  That's probably not possible, but it was a fun exercise.

NinetyFour

  • Magnum Stache
  • ******
  • Posts: 4735
  • Location: Southwestern US
  • 147 days until Freedom!
Re: 2018 FIRE cohort
« Reply #191 on: January 03, 2017, 12:55:55 PM »
Here I am, on the first workday of my (our) last full year of work.  I decided to add up my remaining working hours.

Scheduled working hours: ~2500
vacation time (on the books plus what I'll earn): 495
sick time (on the books plus what I'll earn): 717

So if I can figure out how to actually use all that sick time, I could be working only half-time from now until FIRE!  That's probably not possible, but it was a fun exercise.

Nice!

Here's what I have left:

I will go back to work next Monday.

I will teach a 15 week semester and then be off for summer vacation May 1 - August 20.  Then I will teach 2 more 15 week semesters and then I WILL BE DONE!!

So what remains is:

3 more semesters
42 more weeks of teaching
126 more days of classes

Sounds very doable!!  Yay!!!
My Journal

Countdown to Freedom:  147 days; 16 weeks of classes; 48 days of classes

WannaGoOutside

  • 5 O'Clock Shadow
  • *
  • Posts: 13
  • Age: 45
  • Location: Arkansas
Re: 2018 FIRE cohort
« Reply #192 on: January 04, 2017, 02:39:32 PM »

 03/17  Bateaux
 03/17  Libertea
 06/17  Financial Ascensionist
 12/17  Monkey Uncle
 ??/17  Myhotrs
 ??/17  NearlyThere
 01/18  FIBy30
 01/18  PrePube
 01/18  Retire-Canada
01/18  WannaGoOutside
 01/18  Zinethstache
 01/18  MomCPA
 01/18  OzBeach
~02/18  MandyM
~02/18  PizzaSteve
~03/18  CherryLane
 03/18  Sofa King
 03/18  sol
 04/18  Calvin
 04/18  FernFree
 04/18  Gooki
~04/18  HappyMargo
 04/18  NinetyFour
 04/18  ZiziPB
 05/18  SwordGuy
 05/18  SwordGuy DW
 06/18  Cheddar Stacker
 06/18  Albireo13
 06/18  DavisGang90
 ~06/18  Pylortes
 06/18  CowboyAndIndian
 06/18  Omalley
 06/18 aperture
 07/18  AussieGirl
~07/18  BackAndForth
 07/18  ChasesFish
 ~07/18  Freshwater
 08/18  SpreadsheetMan DW
~09/18  Gimesalot
 10/18  Aperture
~10/18  Caoineag
 10/18  Happy
 10/18  Irishtache
 11/18  DeSteeg
 11/18  Kris
 ??/18  brooklynguy
 ??/18  dividendman

I took off my squiggle.  It's first week of 2018 or bust!

We are getting our primary house ready to sell this spring.  If that goes well, DH is heading to our (already bought) retirement house in a neighboring state.  Then I'm couchsurfing for the rest of 2017 (lots of family in town... they will have to fight over me ha ha).  So the day our primary house sells / closes will be when it gets REALLY REAL for me!

Go Class of 2018!

tooqk4u22

  • Handlebar Stache
  • *****
  • Posts: 2043
Re: 2018 FIRE cohort
« Reply #193 on: January 05, 2017, 11:02:26 AM »
When the market tanks or affordable healthcare coverage disappears or another OMY excuse-of-choice manifests itself, having your name plastered on the countdown list for all your forum friends to see will force you to either pull the trigger or live in pseudonymous mustache shame.

I might be king of OMY excuses....well prince maybe but I am worried I will do OMY long enough to become king.

Market Tanks - should be indifferent bc already baked into 4% rule, sure the WR will be higher but it will be off of lower values/PEs/CAPE and subsequent market returns should offset it and more likely than not you can always cut back spending somewhere for a short time......but easier said than done from a psychological/emotional stand point. 

Health Care - this one is a real concern IMO because suddenly have to absorb $14k in premiums plus the $6k deductible potential (per ehealthinsuracnce with no ACA subsidy) would really mess up my WR and absolutely make it well beyond safe - that alone would mean I need another $300-400k in investments - WTF?  How is anybody getting comfortable with this?

Other OMY Excuses - yup, have those too.....possible increasing costs of my kids (unlikely BC they already cost a fair amount), do we want to pay for college for them, blah blah blah....


Mother Fussbudget

  • Pencil Stache
  • ****
  • Posts: 752
  • Age: 55
  • Location: Seattle, WA
Re: 2018 FIRE cohort
« Reply #194 on: January 05, 2017, 09:29:21 PM »
Looks like Mother Fussbudget is in 2018.  ~04/18.  After sol... naturally!  ;-)



Monkey Uncle

  • Handlebar Stache
  • *****
  • Posts: 1041
  • Location: West-by-god-Virginia
Re: 2018 FIRE cohort
« Reply #195 on: January 06, 2017, 04:11:09 AM »
When the market tanks or affordable healthcare coverage disappears or another OMY excuse-of-choice manifests itself, having your name plastered on the countdown list for all your forum friends to see will force you to either pull the trigger or live in pseudonymous mustache shame.

I might be king of OMY excuses....well prince maybe but I am worried I will do OMY long enough to become king.

Market Tanks - should be indifferent bc already baked into 4% rule, sure the WR will be higher but it will be off of lower values/PEs/CAPE and subsequent market returns should offset it and more likely than not you can always cut back spending somewhere for a short time......but easier said than done from a psychological/emotional stand point. 

Health Care - this one is a real concern IMO because suddenly have to absorb $14k in premiums plus the $6k deductible potential (per ehealthinsuracnce with no ACA subsidy) would really mess up my WR and absolutely make it well beyond safe - that alone would mean I need another $300-400k in investments - WTF?  How is anybody getting comfortable with this?

Other OMY Excuses - yup, have those too.....possible increasing costs of my kids (unlikely BC they already cost a fair amount), do we want to pay for college for them, blah blah blah....

If you're using the 4% rule, you would need an extra $500k to fund the extra $20k in annual health care costs.  Though I guess you might not need to plan on hitting the $6k deductible every year.

This is what has me scared shitless about pulling the plug at the end of 2017.  My numbers are super safe under current conditions, but I can only absorb about $3,500 in extra health care costs before my SWR starts dropping.  If I have to purchase unsubsidized individual private insurance, I'm pretty sure the added cost will be more than that.
"Take this job and shove it" - David Allan Coe

SwordGuy

  • Magnum Stache
  • ******
  • Posts: 3369
  • Location: Fayetteville, NC
    • Flipping Fayetteville
Re: 2018 FIRE cohort
« Reply #196 on: January 06, 2017, 05:37:29 AM »

 03/17  Bateaux
 03/17  Libertea
 06/17  Financial Ascensionist
 12/17  Monkey Uncle
 ??/17  Myhotrs
 ??/17  NearlyThere
 01/18  FIBy30
 01/18  PrePube
 01/18  Retire-Canada
 01/18  WannaGoOutside
 01/18  Zinethstache
 01/18  MomCPA
 01/18  OzBeach
~02/18  MandyM
~02/18  PizzaSteve
~03/18  CherryLane
 03/18  Sofa King
 03/18  sol
 04/18  Calvin
 04/18  FernFree
 04/18  Gooki
~04/18  HappyMargo
~04/18 Mother Fussbudget
 04/18  NinetyFour
 04/18  ZiziPB
 05/18  SwordGuy
 05/18  SwordGuy DW
 06/18  Cheddar Stacker
 06/18  Albireo13
 06/18  DavisGang90
 ~06/18  Pylortes
 06/18  CowboyAndIndian
 06/18  Omalley
 06/18 aperture
 07/18  AussieGirl
~07/18  BackAndForth
 07/18  ChasesFish
 ~07/18  Freshwater
 08/18  SpreadsheetMan DW
~09/18  Gimesalot
 10/18  Aperture
~10/18  Caoineag
 10/18  Happy
 10/18  Irishtache
 11/18  DeSteeg
 11/18  Kris
 ??/18  brooklynguy
 ??/18  dividendman


Retire-Canada

  • Walrus Stache
  • *******
  • Posts: 5010
Re: 2018 FIRE cohort
« Reply #197 on: January 06, 2017, 07:05:28 AM »
This is what has me scared shitless about pulling the plug at the end of 2017. 

Hopefully the reality of Trumpcare is understood this year. Although the GOP wants to put it into place ASAP that may be easier said than done.

tooqk4u22

  • Handlebar Stache
  • *****
  • Posts: 2043
Re: 2018 FIRE cohort
« Reply #198 on: January 06, 2017, 07:30:28 AM »
If you're using the 4% rule, you would need an extra $500k to fund the extra $20k in annual health care costs.  Though I guess you might not need to plan on hitting the $6k deductible every year.

Your math is right but my budget already has amounts included for health care expenses so I didn't need to add back the full amount - I always assumed I would be paying some premium and deductibles. 

This is what has me scared shitless about pulling the plug at the end of 2017.  My numbers are super safe under current conditions, but I can only absorb about $3,500 in extra health care costs before my SWR starts dropping.  If I have to purchase unsubsidized individual private insurance, I'm pretty sure the added cost will be more than that.

That's my fear and one that I just don't think most FIRE people are thinking about - although The Happy Philosopher has a view on this in a recent blog post Happy Philosopher Dangers of 4% Rule - Spoiler its not about issues with the actual 4% rule.

Anyway a $10k increase to the budget for health care would be hard to swallow, as I expect it would be for most people, and for me would either force deprivation or going back to work even if it is only part time at which point you are no longer FIRE. 
« Last Edit: January 06, 2017, 07:52:11 AM by tooqk4u22 »

sol

  • Walrus Stache
  • *******
  • Posts: 5573
  • Age: 40
  • Location: Pacific Northwest
Re: 2018 FIRE cohort
« Reply #199 on: January 06, 2017, 08:44:18 AM »
If I have to purchase unsubsidized individual private insurance, I'm pretty sure the added cost will be more than that.

Depending on how frisky the Republicans get, you might still have the option of going on Medicaid if you can manage your taxable income low enough.

Ultimately this is going to come down to whether or not TrumpAndFriends are serious about wanting Americans to have affordable health insurance or not.  It doesn't really matter if they repeal the ACA, if they still provide decent affordable care, but there is a real question about whether or not they even want that.  For now, I'm trying to give them the benefit of the doubt and assuming that even a full ACA repeal will not make private insurance unaffordable for most Americans, because that would be a shitty thing for them to do and I'm hoping they aren't that shitty.