Author Topic: 2018 FIRE cohort  (Read 338689 times)

PhilB

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Re: 2018 FIRE cohort
« Reply #1650 on: May 10, 2018, 02:39:13 PM »
The 20th century is when most of the data for simulations and the Trinity study are from and it was the century of American exceptionalism.  I do not have optimistic feelings that this will be true in the 21st century.


I agree, but that's only a problem if you don't invest in international index funds and/or you believe that the entire human race is going to be less profitable/productive than the 20th century, right?

I do have some money in international funds and global corporations.  I don't think the entire human race is going to be less profitable/productive than in the 20th century, but the growth rate certainly could slow, and that's why 20th century US stock returns were ~7% annually in real terms. Productivity growth slows even a bit and that brings the rate of return over inflation down significantly.  The issue with "emerging market" stocks is they may increase returns but will also increase variance.

But, the point of my post was not to debate whether there will be growth in the market, it was more about worrying about retiring for 40+ years and general uncertaintanty in the lead up to ER and how others deal with it.  Maybe I'm the only one who is getting close to the edge of the cliff (2.5 months) and am not certain about making the leap, but I doubt it.
Well, I'll be almost 7 months behind you, so I'm probably not experiencing the uncertainty to the same degree you are, but just last night I did have a freak out about it.  I worry about my pension system collapsing (it's solid right now, but you know what they say about pension systems), healthcare (also an American, so a more unique worry), the stock market, and of course there are innumerable other uncertainties.  I don't pretend to have the right answer, but I made a value judgment about these things (including the unknown unknowns) several months ago when I decided I'd pull the plug on 2/15/19, after careful consideration.  No new information has come to light (although the unknown unknowns continue to be unknown) and there's no indication that I failed to consider important information, so I decided (or am still trying to decide by telling myself) there's no actual reason to change the judgment I made then.  It seems to me that unless one of those things is true, the uncertainty is a natural human emotion to deal with but not a reason to OMY or actually change any other plans.  For me, I'm trying to treat and accept the uncertainty and other emotions, but not in a way that will allow them to hijack my plans, until and unless I learn that my original decision may have been flawed in some way.
All I can do is share what helps me deal with those fears.  What percentage reduction in spending could you weather for a year or two and still have a better time than if you were working?  Think about all the things you are looking forward to doing that cost diddly squat.  Imagine taking a year to concentrate on them while the markets recover.  How much fun would you have in that year?

SugarMountain

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Re: 2018 FIRE cohort
« Reply #1651 on: May 10, 2018, 02:58:54 PM »
The 20th century is when most of the data for simulations and the Trinity study are from and it was the century of American exceptionalism.  I do not have optimistic feelings that this will be true in the 21st century.


I agree, but that's only a problem if you don't invest in international index funds and/or you believe that the entire human race is going to be less profitable/productive than the 20th century, right?

I do have some money in international funds and global corporations.  I don't think the entire human race is going to be less profitable/productive than in the 20th century, but the growth rate certainly could slow, and that's why 20th century US stock returns were ~7% annually in real terms. Productivity growth slows even a bit and that brings the rate of return over inflation down significantly.  The issue with "emerging market" stocks is they may increase returns but will also increase variance.

But, the point of my post was not to debate whether there will be growth in the market, it was more about worrying about retiring for 40+ years and general uncertaintanty in the lead up to ER and how others deal with it.  Maybe I'm the only one who is getting close to the edge of the cliff (2.5 months) and am not certain about making the leap, but I doubt it.
Well, I'll be almost 7 months behind you, so I'm probably not experiencing the uncertainty to the same degree you are, but just last night I did have a freak out about it.  I worry about my pension system collapsing (it's solid right now, but you know what they say about pension systems), healthcare (also an American, so a more unique worry), the stock market, and of course there are innumerable other uncertainties.  I don't pretend to have the right answer, but I made a value judgment about these things (including the unknown unknowns) several months ago when I decided I'd pull the plug on 2/15/19, after careful consideration.  No new information has come to light (although the unknown unknowns continue to be unknown) and there's no indication that I failed to consider important information, so I decided (or am still trying to decide by telling myself) there's no actual reason to change the judgment I made then.  It seems to me that unless one of those things is true, the uncertainty is a natural human emotion to deal with but not a reason to OMY or actually change any other plans.  For me, I'm trying to treat and accept the uncertainty and other emotions, but not in a way that will allow them to hijack my plans, until and unless I learn that my original decision may have been flawed in some way.
All I can do is share what helps me deal with those fears.  What percentage reduction in spending could you weather for a year or two and still have a better time than if you were working?  Think about all the things you are looking forward to doing that cost diddly squat.  Imagine taking a year to concentrate on them while the markets recover.  How much fun would you have in that year?

Great points, thanks.  We could weather a huge reduction in spending.  I wonder if some of the fear is "fear of missing out" on what additional money could by.  I think psychologically the shift from accumulation to withdrawing phase is on my mind right now, possibly because I've been looking at withdrawal strategies a lot lately.

Ironically, freaking big data at facebook is inside my head and I just had this sponsored listcicle clickbait show up on my feed.  It's not horrible and to save you the clicks, here it is:

21-unvarnished-truths-about-retirement (Some are less about retirement than life in general. Put 'em on posters with photos of beaches and mountains and you've got yourself a side gig selling them.)

1. Even though you are retired, you donít have enough time for everything. Everyone dies with things in their inbox. Do the best you can and live your definition of a full life.

2. Be curious. See both sides. Stubbornness is not strength. When given new information, strong people develop and evolve their opinions. We can grow when we can admit we are wrong. Your life stagnates when you are wrong, but you refuse to admit it.

3. Negativity wastes life. Being positive and optimistic in the present has a favorable impact on the future. Yes, bad things happen, but so do good ones, and we tend to steer toward the things on which concentrate.

4. You donít have to wait for an apology to forgive. We have all been wronged at one time or another. Waiting for an apology from someone who may never give offer one is a waste of life. Who cares? Hell, if this is a gray area and itís possible the other person is waiting for an apology from you, apologize first. What does it matter? Life is too precious to play those kind of games.

5. It is okay to fail. Failure is part of life even in retirement. Failure teaches valuable lessons. In fact, we learn more from our failures than our successes. Expect success, but donít worry about it too much. It is the journey that matters.

6. Take care of yourself. You arenít much use to yourself or anyone else if you donít. Looking out for your health and happiness is not the same as being selfish. This is fundamental.

7. Ambition can be a killer. I hate to break it to you, but you arenít going to be Number One in everything you do. Breathe, and be satisfied, with the act of living today. Donít let blind ambition cause you to lose sight of what is important. Savour all of lifeís moments, even the bad ones, because you only get so many and you may wish you had paid more attention.

8. Your aspirations mean nothing. Well, they mean nothing if you donít make an effort to realize them. Take action to get the things you want.

9. Stop complaining. Most people donít care about your problems; some are happy you have them. Complaining only serves to keep negatives at the center of your life.

10. Let it go. Everyone has regrets, but donít live a life of sorrow. The past is gone; find a way to come to terms with it. You may be able to reverse a bad situation that haunts you from the past, but you canít turn back time.

11. You canít make people happy. You can listen. You can be kind. You can smile. You can respect. You can offer assistance. You can contribute tools. But people are responsible for their own happiness (see No. 9).

12. You get to choose what matters. You didnít get this far to keep jumping through other peopleís hoops. Donít forget the importance of yourself.

13. You are responsible. You may not be at fault for what happens, but you get to choose how you respond to everything. Yes, everything. Your response to anything is a choice. You are response-able.

14. Go with your feelings. You donít have to intellectualize or justify everything you want to do. It is okay to do things solely because you want to. Take dance lessons. Learn to play the zither. Who cares about the critics? You have earned it.

15. Comfort is overrated. The magic in life takes place at the edges of our comfort zones. Memories are made by pushing yourself and trying new things. Challenging yourself and growing your boundaries is more rewarding than security and comfort.

16. Your bucket list is crap. Putting things on a bucket list can be just another way of deferring your aspirations. Sure, go ahead and make a list but remember: life goes on while you are making plans. Lists are useless unless we utilize them.

17. Stop searching for happiness. The only place you can be happy is in the present. Stop chasing tomorrow and fully experience happiness today.

18. Time is your most valuable asset. You only get so much, and that is it. You canít horde it. You canít get it back. You canít turn back the clock. The best you can do is to start investing your time wisely.

19. Money is overrated. Money is a tool. To see it as anything else is folly. Yes, we all need some, but money is a means to an end, not an end in itself. Spend wisely and remember; superfluous wealth only buys superfluities.

20. In the end, we are all dead. Make that phone call or send an email to let someone know you are thinking of him or her. Better yet, go visit. Mend fences, hug, show appreciation, be kind to people. Donít be complacent; you never know when the people you thought would be there forever will be gone.

21. We ainít gettiní out of this alive. With retirement, you have more time to do things you love, but the extra time is wasted unless you are using it productively and actually living your dreams. The road doesnít go on forever.

Monkey Uncle

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Re: 2018 FIRE cohort
« Reply #1652 on: May 10, 2018, 06:43:19 PM »
Friendly public service announcement:  Be aware that Vanguard does not accept the funding of 401k rollovers via ACH transfer, despite assurances to the contrary (and erroneous bank routing instructions) given to me by a representative from Vanguard's "asset transfer specialist" department.  If you plan to roll over 401k funds to a Vanguard IRA, make sure to do so by instructing your 401k plan administrator to cut a physical check, even if they offer the option of ACH funding.

My entire 401k balance was transferred over two weeks ago per the erroneous instructions I received from Vanguard, and in that time neither Vanguard nor my 401k plan administrator has been able to locate the funds or provide any definitive answer as to when or if the funds will be returned to me.  I'm trying not to get overly stressed about the fact that a sizable portion of my portfolio is effectively missing, or the comparatively minor problem that I am missing out on any market gains in the meantime (which is precisely the risk I sought to minimize in the first place by conducting my rollover via ACH transfer instead of paper check and snail mail), but I figured I'd warn the cohort lest others find themselves in the same boat.

Yikes, that's scary.  I hope the funds turn up very soon!

2Birds1Stone

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Re: 2018 FIRE cohort
« Reply #1653 on: May 10, 2018, 06:44:53 PM »
@brooklynguy , that was my biggest fear when rolling an old employers 401k into my current one......my fingers are crossed that you get a positive outcome asap.

Desert

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Re: 2018 FIRE cohort
« Reply #1654 on: May 10, 2018, 08:08:44 PM »
@Desert goes tomorrow? 

So excited because we're next!!!!!The panic over unfinished projects is subsiding...my co-workers are taking the reins, and coming to ask me questions when they need the support.  Basically perfect.

@PKate , @Calvin , @FernFree , @HappyMargo , @Mother Fussbudget , please check in and tell us how you are doing!

Yes!  One more day.  I'm so happy to hear about your upcoming exit! 

DavidAnnArbor

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Re: 2018 FIRE cohort
« Reply #1655 on: May 10, 2018, 08:16:36 PM »
Wow brooklynguy that's incredible. I can't believe how Vanguard could be that unhelpful. Also, try posting in Bogleheads forum for any advice.

Dicey

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Re: 2018 FIRE cohort
« Reply #1656 on: May 11, 2018, 03:33:32 AM »
Great list, @ SugarMountain! Thank you for cleaning it up and sharing it.

MaybeBabyMustache

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Re: 2018 FIRE cohort
« Reply #1657 on: May 12, 2018, 08:32:39 AM »
I've been offered an opportunity to take on a part time coaching & training/development role at work (in addition to my full time role). This is an area I'm hoping to explore as a post-work passion point, so I'm pretty excited about the opportunity. That said, it's a 1 year commitment, and I can only do it while I'm doing my current job. So, I'm 90% sure I'm moving out of the 2018 cohort. Most likely new FIRE date is June 2019.

JumboShrimp

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Re: 2018 FIRE cohort
« Reply #1658 on: May 12, 2018, 07:10:53 PM »
I am a little confused about the roth thing. I do not have one, as for some reason I thought I could not make contributions but after doing some reading maybe my understanding was wrong. So for 2018 I am trying to figure out if it makes sense to start one up. Can anyone tell me what numbers I should be looking at to figure this out?

And what should I be thinking about for 2019 and beyond?


aperture

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Re: 2018 FIRE cohort
« Reply #1659 on: May 12, 2018, 07:26:34 PM »
I am a little confused about the roth thing. I do not have one, as for some reason I thought I could not make contributions but after doing some reading maybe my understanding was wrong. So for 2018 I am trying to figure out if it makes sense to start one up. Can anyone tell me what numbers I should be looking at to figure this out?

And what should I be thinking about for 2019 and beyond?

Hey JumboShrimp, great question, but likely to get lost in the 2018 cohort thread.  Suggest you pose your question under Investor Alley https://forum.mrmoneymustache.com/investor-alley/   You may be able to find an answer by searching there a bit.  Best wishes, aperture. 
« Last Edit: May 12, 2018, 07:52:38 PM by aperture »

chasesfish

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Re: 2018 FIRE cohort
« Reply #1660 on: May 13, 2018, 06:32:00 AM »
Ladies and Gentlemen...I'm going to have to officially move my date out to March of 2019.  Depending on company stock performance (restricted that comes released) and annual bonus, working an additional nine months is worth between $250,000 and $300,000.  The combination of a good deferred comp plan plus splitting that amount of pay over two tax years means I get to keep most of it (yay!).

I just can't turn down a 10-15% increase in our net worth/SWR for something like 7 1/2 months worth of work once I factor in vacation time/holidays, ect.  Half the time I can Peter Gibbons it

MaybeBabyMustache

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Re: 2018 FIRE cohort
« Reply #1661 on: May 13, 2018, 08:02:33 AM »
Ladies and Gentlemen...I'm going to have to officially move my date out to March of 2019.  Depending on company stock performance (restricted that comes released) and annual bonus, working an additional nine months is worth between $250,000 and $300,000.  The combination of a good deferred comp plan plus splitting that amount of pay over two tax years means I get to keep most of it (yay!).

I just can't turn down a 10-15% increase in our net worth/SWR for something like 7 1/2 months worth of work once I factor in vacation time/holidays, ect.  Half the time I can Peter Gibbons it

Nice! That definitely sounds like it's worth it.

sol

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Re: 2018 FIRE cohort
« Reply #1662 on: May 13, 2018, 03:37:57 PM »
Nice! That definitely sounds like it's worth it.

It always does.  That's how OMY gets to you.

I'm in the same boat.  We hit our number months ago, but I can find ten different reasons that all sound really good to justify why I should continue working.

2Birds1Stone

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Re: 2018 FIRE cohort
« Reply #1663 on: May 13, 2018, 04:08:06 PM »
@chasesfish, I thought you made that decision after ERN did your case study?

SwordGuy

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Re: 2018 FIRE cohort
« Reply #1664 on: May 13, 2018, 04:14:55 PM »
OMY????

Been there, done that, got the dollars.

Not convinced it was worth it.   That last 8 months was brutal.

TartanTallulah

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Re: 2018 FIRE cohort
« Reply #1665 on: May 13, 2018, 04:18:17 PM »
Doing OMY now. Hating it. But money was only part of my reason for deciding to stay on.

MaybeBabyMustache

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Re: 2018 FIRE cohort
« Reply #1666 on: May 13, 2018, 06:10:46 PM »
Nice! That definitely sounds like it's worth it.

It always does.  That's how OMY gets to you.

I'm in the same boat.  We hit our number months ago, but I can find ten different reasons that all sound really good to justify why I should continue working.

Fair. It's a real struggle.

Monkey Uncle

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Re: 2018 FIRE cohort
« Reply #1667 on: May 14, 2018, 05:00:15 AM »
I have to admit that I probably would have done an extra 9 months for a quarter million dollars.

chasesfish

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Re: 2018 FIRE cohort
« Reply #1668 on: May 14, 2018, 06:20:38 AM »
@chasesfish, I thought you made that decision after ERN did your case study?

For anyone wondering, here is the link 2birds1stone is referring to:

https://earlyretirementnow.com/2018/01/10/ask-big-ern-a-safe-withdrawal-rate-case-study-for-mr-and-mrs-shirts/

Yes, but I hadn't formally pulled myself off this thread yet.  Now we're coming up within a week of my original "give notice" date.   I've been trying to figure out how to engineer a layoff with no success.  I can also make the last nine months turn into six months if I were to pull FMLA for spousal care starting in early December.  There's a late February vesting date that constitutes most of the money, but that would probably tank the discretionary bonus portion.

I love reading all the responses:

@sol - Completely agree with you about this is how OMY works. I could even be pulled into the trap financially for a 2020 vesting before the economics drop significantly.  However, we don't particularly love where we live and are swearing up and down that this is our last summer in North Texas.  100 degrees by May 17th is absurd and we're outdoors people.  The other issue is two years ago I went from working for someone I'd go to war for (now the #3 guy in our Fortune 500 company) to someone who's nice but completely mediocre.  I don't deal with mediocre well, especially when I work for them.  The only option I see is if I can pull off a work remote job at a significantly lower set of responsibilities.  I've been exploring those, but need to do it harder since my pension is hitting its magic numbers.   I will desperately lobby for a "1 year sabbatical" to hang on to that last equity vesting (I'd probably still quit afterwards, just wouldn't be official).  I've been trying to get that for a while, but will put a formal request in late this year to force them to say yes/no.

@SwordGuy - Thank you, there are plenty of days I feel that way.   I'm reminded of the unknowns around potentially needing to provide some family some support, healthcare, and charity drive me.   I am hell-bent on doing nearly nothing income earning for my first eighteen months to recuperate from the grind of the last fifteen years.

@Monkey Uncle - It especially helps that I put away 40% off the top into a deferred comp plan that pays out over 15 years once I leave.   I get to keep most of that quarter million between doing that plus the stock/bonuses hit in Q1 of the following year so its nicely spread out over two tax years at these nice low rates.

@TartanTallulah - Some/most days I hate it, but there are a few nostalgic moments.  I'm intentionally meeting clients at higher end restaurants this year

tooqk4u22

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Re: 2018 FIRE cohort
« Reply #1669 on: May 14, 2018, 08:38:58 AM »
@Monkey Uncle - It especially helps that I put away 40% off the top into a deferred comp plan that pays out over 15 years once I leave.   I get to keep most of that quarter million between doing that plus the stock/bonuses hit in Q1 of the following year so its nicely spread out over two tax years at these nice low rates.

Personally, I am not comfortable with deferred comp paying out over 15 years although I wish that was my selection from a tax perspective - and my company is highly rated with no issues.  A lot can happen in 15 years - and the risk, even if very little, to have so much tied to one company (remember it is not guaranteed, if they go BK or don't have the cash flow to pay, it can be suspended or lost) I just couldn't bear it. 

SugarMountain

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Re: 2018 FIRE cohort
« Reply #1670 on: May 14, 2018, 09:27:40 AM »
Nice! That definitely sounds like it's worth it.

It always does.  That's how OMY gets to you.

I'm in the same boat.  We hit our number months ago, but I can find ten different reasons that all sound really good to justify why I should continue working.

Yep.  We probably hit our number last year, so technically this year has been OMY.  But I can still find a bunch of reasons why another year makes sense. 

Acastus

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Re: 2018 FIRE cohort
« Reply #1671 on: May 14, 2018, 01:16:20 PM »
At least I have the problem whittled down to OMM, one more month. Not sure I will have all my paper work done tomorrow for June ACA.

chasesfish

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Re: 2018 FIRE cohort
« Reply #1672 on: May 14, 2018, 02:55:38 PM »
@Monkey Uncle - It especially helps that I put away 40% off the top into a deferred comp plan that pays out over 15 years once I leave.   I get to keep most of that quarter million between doing that plus the stock/bonuses hit in Q1 of the following year so its nicely spread out over two tax years at these nice low rates.

Personally, I am not comfortable with deferred comp paying out over 15 years although I wish that was my selection from a tax perspective - and my company is highly rated with no issues.  A lot can happen in 15 years - and the risk, even if very little, to have so much tied to one company (remember it is not guaranteed, if they go BK or don't have the cash flow to pay, it can be suspended or lost) I just couldn't bear it.

I work for a highly regulated and overly conservative financial institution, as in criticized constantly about holding too much shareholder equity, not taking enough risk, low returns, ect.  We can't even hire more producers than people leaving because lenders want to work for an institution that actually makes loans. 

All that aside, the deferred comp's money is also invested in an offsetting asset account I have investment control over. The only precedent I can find for a banking institution was when WaMu failed the deferred comp money was still protected/paid out from Chase's acquisition through the FDIC.

It is a risk and if I loose it, it'll be a hit to my net worth but not crippling.

davisgang90

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Re: 2018 FIRE cohort
« Reply #1673 on: May 15, 2018, 07:26:17 AM »
One month until my retirement ceremony and last day of work.  Then I spend 75 days on househunting/job hunting/terminal leave until my actual retirement date of 1 September.

Close on our new house in 2 weeks.  Movers show up the week after my ceremony.


itchyfeet

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Re: 2018 FIRE cohort
« Reply #1674 on: May 16, 2018, 12:24:53 PM »
Nice! That definitely sounds like it's worth it.

It always does.  That's how OMY gets to you.

I'm in the same boat.  We hit our number months ago, but I can find ten different reasons that all sound really good to justify why I should continue working.

Yep.  We probably hit our number last year, so technically this year has been OMY.  But I can still find a bunch of reasons why another year makes sense.

All I can say is +1
:-/

Dicey

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Re: 2018 FIRE cohort
« Reply #1675 on: May 16, 2018, 02:53:25 PM »
Nice! That definitely sounds like it's worth it.

It always does.  That's how OMY gets to you.

I'm in the same boat.  We hit our number months ago, but I can find ten different reasons that all sound really good to justify why I should continue working.

Yep.  We probably hit our number last year, so technically this year has been OMY.  But I can still find a bunch of reasons why another year makes sense.

All I can say is +1
:-/
So that Gold Bond Medicated Powder has cured your foot condition, lol?

SwissMiss

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Re: 2018 FIRE cohort
« Reply #1676 on: May 19, 2018, 02:43:57 AM »
SwissMister is all geared to FIRE on 4 June. He has a six month notice period but he is most likely to be sent home for that period (garden leave). Soooooo excited!!!!!

I will follow him into FIRE in September. Everybody at my workplace knows and they're all very nice about it. So many times I hear the words "I envy you".

We both just turned 50 last month. Not really early, but still early enough to surprise people.

SwordGuy

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Re: 2018 FIRE cohort
« Reply #1677 on: May 19, 2018, 07:53:56 PM »
My kind offer to work part-time until the replacement comes in will be officially done by the end of June.

Looks like I'll be working 7 days in June.   Didn't have to work any in May so far.

Feels good!

Who knows, maybe they'll even give me a good bye lunch this time.   Or maybe not.

aperture

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Re: 2018 FIRE cohort
« Reply #1678 on: May 22, 2018, 02:54:49 PM »
Random Tuesday with a handful of weeks left to work. Lately, I have felt a spreading joy that is not dimmed by cubicles or florescent lights.  I have Sigur Ros album "Takk" playing and it feels right on.

I think quitting in about 5 weeks may have revived my enjoyment of work. Ironic.

sol

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Re: 2018 FIRE cohort
« Reply #1679 on: May 22, 2018, 04:24:33 PM »
Random Tuesday with a handful of weeks left to work. Lately, I have felt a spreading joy that is not dimmed by cubicles or florescent lights.  I have Sigur Ros album "Takk" playing and it feels right on.

I think quitting in about 5 weeks may have revived my enjoyment of work. Ironic.

I'm having the exact opposite reaction now that I've given notice.  I hate that place.  I hate the whole idea of voluntary servitude.  I'm astonished at the level of bullshit I have previously swallowed without even recognizing it, like a fish who can't see water.

I've become a terrible employee.  I struggle to keep my misery at cubicle life hidden from my co-workers.  I have contempt for people and behaviors I used to accept as normal.

Mostly, and this is the recurring thought I just can't seem to get rid of, being at work now makes me think "how did I ever care so much?" 

aperture

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Re: 2018 FIRE cohort
« Reply #1680 on: May 22, 2018, 05:32:02 PM »
Random Tuesday with a handful of weeks left to work. Lately, I have felt a spreading joy that is not dimmed by cubicles or florescent lights.  I have Sigur Ros album "Takk" playing and it feels right on.

I think quitting in about 5 weeks may have revived my enjoyment of work. Ironic.

I'm having the exact opposite reaction now that I've given notice.  I hate that place.  I hate the whole idea of voluntary servitude.  I'm astonished at the level of bullshit I have previously swallowed without even recognizing it, like a fish who can't see water.

I've become a terrible employee.  I struggle to keep my misery at cubicle life hidden from my co-workers.  I have contempt for people and behaviors I used to accept as normal.

Mostly, and this is the recurring thought I just can't seem to get rid of, being at work now makes me think "how did I ever care so much?"

Sol, this pretty much sums up my past 9 months - with a little bit of "I hope I don't die before I get out of here" thrown in.

DreamFIRE

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Re: 2018 FIRE cohort
« Reply #1681 on: May 22, 2018, 06:07:45 PM »
I feel for you cubicle workers.  I've had to share offices in the past usually with one other person, and I think working in a cubicle in a larger office area would have been worse, but I have had my own office for a while now.  That's made it much better in these final years leading to FIRE.

Mr Mark

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Re: 2018 FIRE cohort
« Reply #1682 on: May 23, 2018, 12:45:52 AM »
My countdown clock is getting closer and it's all looking on track (touch wood).

I'm completing the handover to my replacement and feel pretty good about their ability to get things done after I've gone. Work is getting pretty slow, with just 1 or 2 little projects to complete but nothing too onerous at all. And Megacorp HR processes are now in full swing. The house movers did the survey yesterday and we've booked the date we wanted to pack the house. Megacorp approved having the container sent to where we want it  - to our base in USA  - rather than back to the official base country.

Air tickets are imminent, and my chosen route was also approved, so we get a 1 week stopover on the way, which means we can spend some time with family and use up some remaining leave.

Also got the official letter confirming I'll be made redundant with the nice 'free' OMY severance package. I'll be back on base payroll as an employee for just 1 day, and will only have to come into the office to sign paperwork. The statutory 3 months notice in base country will be paid out in lieu. Yet megacorp policy for returning expats still applies, which means we get provided a month's free accommodation and hire car, plus about $200 a day for misc expenses. So a nice paid vacation to boot!

Megacorp are being super nice on the whole, as it's all covered by pretty rigid procedures and they feel a bit responsible for kicking me out 'involuntarily'. There are a few details to be worked out, and you need to do your research so you know your way around the policies and what to ask for, but not surprisingly I'm feeling good about the company. After 28 years of great work in various locations overseas as an expat for Megacorp, I have no complaints. It's thanks to them that I've been able to 'stache enough to FIRE comfortably while living a pretty nice life and travelling the world.

Megacorp have even asked me if I could please come back to do a week's consultancy in November. I can't say no [the retirement police can go screw themselves, as that deal will entail business class flights to a lovely location, 4 star hotel & expenses, plus about $10k]. This will helpfully force me to set up the framework of a little consultancy business, and thus enable the opportunity to pick up occasional short term work (that I enjoy) every once in a while next year, maybe 4 weeks a year, with all the small business tax optimisation benefits that brings with it.

As a result, I'll be moving my FIRE date up to 17th July @54 years old. 55 days to go. Still hard to believe this is actually happening. I keep having to pinch myself.

I think I must have been a very good boy in a previous life.

SwordGuy

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Re: 2018 FIRE cohort
« Reply #1683 on: May 23, 2018, 09:37:34 AM »
I think I must have been a very good boy in a previous life.

So, you're weren't a very good boy in this life? 

That's handy, it means you'll know how to have a lot of fun in all your spare time!  ;)

CheapskateWife

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Re: 2018 FIRE cohort
« Reply #1684 on: May 23, 2018, 10:11:42 AM »
I'm archiving emails as we speak...I only have 20 more hours of my life to spend in this chair, looking at these two monitors and moving pixels around.

Acastus

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Re: 2018 FIRE cohort
« Reply #1685 on: May 23, 2018, 12:46:01 PM »
Swordguy,

I did not get my prep work done in May, so I am delaying until June 22, 2018. I feel the regret already, so this feels pretty firm.

MaybeBabyMustache

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Re: 2018 FIRE cohort
« Reply #1686 on: May 23, 2018, 01:51:05 PM »
I'm archiving emails as we speak...I only have 20 more hours of my life to spend in this chair, looking at these two monitors and moving pixels around.

Insane! How exciting. :-)

Mr Mark

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Re: 2018 FIRE cohort
« Reply #1687 on: May 23, 2018, 03:59:20 PM »
I think I must have been a very good boy in a previous life.

So, you're weren't a very good boy in this life? 

Yes,  but not THAT good.

When I see how so many people are in very different circumstances and probably no less deserving I feel pretty privileged. 

markbike528CBX

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Re: 2018 FIRE cohort
« Reply #1688 on: May 23, 2018, 11:20:57 PM »
Yesterday, the 22nd, the office had a retirement BBQ for me.

I almost didn't show up, as I don't have work email ( company flip phone, didn't take laptop home).
That phone has been ignored for the few weeks I've been on vacation, so I also missed the voicemail message.

One(1) more office day left.

Dicey

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Re: 2018 FIRE cohort
« Reply #1689 on: May 24, 2018, 07:03:33 AM »
Yesterday, the 22nd, the office had a retirement BBQ for me.

I almost didn't show up, as I don't have work email ( company flip phone, didn't take laptop home).
That phone has been ignored for the few weeks I've been on vacation, so I also missed the voicemail message.

One(1) more office day left.
Way to disengage! Congratulations!

Gyosho

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Re: 2018 FIRE cohort
« Reply #1690 on: May 24, 2018, 04:59:58 PM »
Confirming that tomorrow is my last day!

Co-workers have been consistently taking me to lunch for the past 4 weeks, and yesterday my department paid for a huge lunch for 20 of us, and gave me a $400 Amazon gift card on top of that! I was really surprised considering how often management complains about having no money.

One more celebration tomorrow night, then on Saturday I will start hitting the gym to work off all the excess.

Luckily I will only be retiring once in my lifetime (I hope!) and so all these celebrations are justified.

SwordGuy

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Re: 2018 FIRE cohort
« Reply #1691 on: May 24, 2018, 08:10:49 PM »
Attempted to catch this up.


01/01/18  CowboyAndIndian (at 59) CONFIRMED
01/04/18  Gimesalot (at 33) CONFIRMED
01/06/18  Monkey Uncle (at 49) CONFIRMED
01/26/18  PizzaSteve (at 53) CONFIRMED
01/31/18  patches (at 33) CONFIRMED
01/31/18  Wintergreen78 CONFIRMED
01/31/18  MomCPA  CONFIRMED
02/01/18  DTaggart (at 40) CONFIRMED
02/05/18  Mrbeardedbigbucks CONFIRMED
02/09/18  JLTinVA (at 42) CONFIRMED
02/14/18  Gimesalot DH (at 40) CONFIRMED
02/28/18  Caoineag (at 36) CONFIRMED
03/01/18  Clean Shaven (at 45) CONFIRMED Part Time
03/02/18  brooklynguy (at 37) CONFIRMED
03/07/18  Aegishjalmur (at 35) CONFIRMED
03/16/18  Cherry Lane (at 43) CONFIRMED
03/27/18  Mrs. Honeyfill CONFIRMED
03/28/18  Target2018 CONFIRMED
03/28/18  homestead neohio (at 39) CONFIRMED
03/30/18  Moxie (at 58) CONFIRMED
03/31/18  msilenus (at 38) CONFIRMED
04/03/18  lostformars (at 38) CONFIRMED
04/04/18  OzBeach (at 54) CONFIRMED
04/25/18  Modernaimend DH (at 39) CONFIRMED
04/25/18  ZiziPB (at 50) CONFIRMED
04/26/18  NinetyFour (at 56) CONFIRMED
04/26/18  SwordGuy (at 60) PART TIME. (Just 1-2 months.)
04/27/18  poppydog and DW CONFIRMED
04/27/18  andkar CONFIRMED
04/??/18  PKate and DH
04/??/18  Calvin
04/??/18  HappyMargo
04/??/18  Mother Fussbudget
05/01/18  wordnerd and DH (at 30 and 36) CONFIRMED
05/03/18  Modernaimend (at 35) CONFIRMED
05/08/18  SwordGuy DW (SwordGuy isn't saying.   He wants to live.) CONFIRMED
05/11/18  Desert
05/24/18  Markbike528CBX (at 53.5) CONFIRMED
05/25/18  CheapskateWife (at 42) and CheapskateHubs (at 49) CONFIRMED
05/25/18  Gyosho (at 55) CONFIRMED
05/25/18  CodeZed
05/??/18  Alim Nassor
06/01/18  step_away
06/04/18  SwissMister
06/03/18  moneytaichi
06/15/18  DavisGang90 (at 49)
06/22/18  Acastus
06/22/18  FernFree
06/25/18  MaybeBabyMustache (at 42)
06/28/18  CHF (at 51)
06/29/18  aperture
06/??/18  Agent Rosenflower
06/??/18  dbtx
06/??/18  Omalley
06/??/18  randomgiraffe
06/??/18  SwissMiss
06/??/18  HenryDavid
07/06/18  Honeyfill  (at 60)  OMM
07/??/18  AussieGirl
07/??/18  Mr Griz
07/??/18  BackAndForth
07/??/18  cerat0n1a
07/??/18  Fresh Bread
07/??/18  SnidelyWhiplashStache
08/01/18  SugarMountain
08/24/18  sol (at 41)
08/31/18  JerseyGrrrl
08/??/18  Mr Mark
08/??/18  NorCalistache
08/??/18  Mogadishu
08/07/18  RunningWithScissors
09/01/18  Vegasgirl (at 49)
09/21/18  Ottawa
09/25/18  MaybeBabyMustache
09/30/18  SwissMiss
10/05/18  JumboShrimp
10/25/18  PhilB (at 52)
10/??/18  Fire1018
10/??/18  Happy
10/??/18  Irishtache
11/??/18  DeSteeg
11/??/18  Kris
12/21/18  LateStarter
12/31/18  DavidAnnArbor (at 53) (Won't renew my office lease)
12/??/18  EnjoyIt
12/??/18  yoda34
??/??/18  Blindsquirrel
??/??/18  FLStache
??/??/18  Michread
??/??/18  Minnesota_mom
??/??/18  MiserlyMiser
??/??/18  pecunia
??/??/18  Badblackgirl
??/??/18  Sofa King
03/??/19  ChasesFish  OMY
??/??/19  RetireAbroadAt35  05/??/18, now OMY.
??/??/20  Gooki   2MY or 3MY

« Last Edit: May 28, 2018, 12:51:01 PM by SwordGuy »

CheapskateWife

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Re: 2018 FIRE cohort
« Reply #1692 on: May 25, 2018, 02:08:38 PM »
Confirmed!  We are at home, getting ready to have a celebratory dinner with our friends.  WE'RE FIRED!!!!!!

happy

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Re: 2018 FIRE cohort
« Reply #1693 on: May 25, 2018, 04:51:52 PM »
Congratulations. Its so exciting to read of all these FIRE's.

My date continues to be uncertain. I've been approved for 6 months LSL starting October and I was hoping to return to work for a few months only after the in order to take me into the next financial year which in Australia is from 1st July in order to minimise tax. Due to delays at work  I might have to delay the start of my LSL maybe a month or so. The second parameter influencing my complete FIRE date is the real estate project I've taken on - we've made a lot of progress since we started, but there is still a long way to go, with a lot of unknowns.  The plan was to be finished by the time I finish up at work and that's still very possible, but hard to predict with any certainty. I might go introduce myself to the 2019 folks.

Monkey Uncle

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Re: 2018 FIRE cohort
« Reply #1694 on: May 25, 2018, 06:18:46 PM »
Confirmed!  We are at home, getting ready to have a celebratory dinner with our friends.  WE'RE FIRED!!!!!!

Congratulations, Cheapskates!

NinetyFour

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Re: 2018 FIRE cohort
« Reply #1695 on: May 26, 2018, 12:14:37 PM »
Confirmed!  We are at home, getting ready to have a celebratory dinner with our friends.  WE'RE FIRED!!!!!!

Congratulations, Cheapskates!

Woo hoo!!!  Canít wait to celebrate with you at CM*TO!!

honeyfill

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Re: 2018 FIRE cohort
« Reply #1696 on: May 28, 2018, 11:31:49 AM »
I love to hear about everyone celebrating retirement!  I have to admit , I am getting the last minute jitters and seeing everyone hitting their dates and celebrating is helping me stick to my guns to fire this year. 
That being said, I am in serious OMM (One More Month)syndrome. I am delaying my retirement from June 1 to July 6. But I think I have a good excuse. This gives me one  business trip to San Jose, which I will combine with a couple of days off to visit my sister in Palo Alto.  I also get a couple days to attend my FIL's Memorial Service in Chicago, Followed by 4 days off to attend  a wedding in Seattle.  So counting July 4th and some sick days I'm only working 12 extra days in June/July. That means only 16 works days left!! 

Dicey

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Re: 2018 FIRE cohort
« Reply #1697 on: May 28, 2018, 11:36:36 AM »
I love to hear about everyone celebrating retirement!  I have to admit , I am getting the last minute jitters and seeing everyone hitting their dates and celebrating is helping me stick to my guns to fire this year. 
That being said, I am in serious OMM (One More Month)syndrome. I am delaying my retirement from June 1 to July 6. But I think I have a good excuse. This gives me one  business trip to San Jose, which I will combine with a couple of days off to visit my sister in Palo Alto.  I also get a couple days to attend my FIL's Memorial Service in Chicago, Followed by 4 days off to attend  a wedding in Seattle.  So counting July 4th and some sick days I'm only working 12 extra days in June/July. That means only 16 works days left!!
Sounds like a good return on your "investment". Besides, it's a good way to celebrate Independence Day. Plus, you'll never forget when you retired, which is a very real threat, #askmehowiknow.

Daisy

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Re: 2018 FIRE cohort
« Reply #1698 on: May 30, 2018, 09:26:12 PM »
Random Tuesday with a handful of weeks left to work. Lately, I have felt a spreading joy that is not dimmed by cubicles or florescent lights.  I have Sigur Ros album "Takk" playing and it feels right on.

I think quitting in about 5 weeks may have revived my enjoyment of work. Ironic.

My last few weeks of work were similar for me. I think I had a big smile on my face the whole time. I had a chance to say goodbye to many people and have long conversations in a bunch of different cubicles. I'm not sure if I'd call that "enjoyment of work" as I wasn't doing much work, but it was enjoyable.

I'm glad your plan is coming to fruition. We will celebrate at Moab.

SwordGuy

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Re: 2018 FIRE cohort
« Reply #1699 on: May 30, 2018, 10:13:21 PM »
Turned in my badges and keys yesterday.  Just submitted my last timecard.   

I have a few days I'll visit next month to do a proper hand-over to my replacement.  Company has already paid me for the time.

My health is recovering and I'm looking forward to a fun and productive June.

I've got one Jane Austen costume ball already scheduled in June with my lovely bride.   We intend to go dancing at least twice a month once she gets over what I had.  I'll go  four times a month if they're dancing each week.   Way too much fun!

Good news, by the way.  We sold our old home so we have no need to pull from stocks if they go down bigtime (other than the required minimum distributions (RMD)).

Even better news, we found a motivated buyer for our flip house.  They are willing to buy it as is.   They're working with contractors so they can have bids to arrange a 203K loan to purchase it with.   They are hoping they don't have to include a contingency clause about selling their own home first.  (We're hoping that, too.)   So, if this works out we'll get all the karmic goodness for saving the house without having to do much work to fix it up.   That's a plan I like!

I need to fix up my bicycle and start taking short trips on it to build up my muscle and lung strength.  Right now, both are pretty poor after being sick for the last month and a goodly chunk of the winter.   At least now I have the time!