Author Topic: 2018 FIRE cohort  (Read 61436 times)

Retire-Canada

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Re: 2018 FIRE cohort
« Reply #200 on: January 06, 2017, 08:50:44 AM »
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 think they can get re-elected without providing that.

Clarified this part of your post. ;)

Monkey Uncle

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Re: 2018 FIRE cohort
« Reply #201 on: January 06, 2017, 06:17:11 PM »
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.

What they're talking about now involves:
- eliminating the individual mandate
- eliminating subsidies
- keeping the mandate that insurance companies accept people with pre-existing conditions
- keeping kids up to age 26 on their parents' policies

Forcing insurance companies to accept people with pre-existing conditions while not mandating coverage or providing subsidies for low income people will hasten the death spiral that is already underway on the exchanges, and spread it to non-exchange private policies.  The ACA started the death spiral because the penalty for not having coverage is not nearly large enough to force all the young, healthy people onto the exchanges.  The death spiral was also abetted by the Republican Congress when they removed risk pool payments to insurance companies who were losing money due to a sicker-than-expected insured population.  The coming Republican repeal as outlined above will deliver the coup de grace such that anyone without employer-provided health insurance will be SOL.

Sorry, I'm feeling particularly pessimistic this evening. ;)
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SwordGuy

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Re: 2018 FIRE cohort
« Reply #202 on: January 06, 2017, 07:04:01 PM »
It doesn't really matter if they repeal the ACA, if they still provide decent affordable care, but the[/s]re is a real question about whether or not they even want that think they can get re-elected without providing that.

Clarified this part of your post. ;)

Clarified your clarification. :)

sol

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Re: 2018 FIRE cohort
« Reply #203 on: January 06, 2017, 07:11:11 PM »
What they're talking about now involves:
- eliminating the individual mandate
- eliminating subsidies
- keeping the mandate that insurance companies accept people with pre-existing conditions
- keeping kids up to age 26 on their parents' policies

I disagree with the part about keeping the exclusion on pre-existing conditions.  The only written Republican plan specifically repeals this provision of the ACA. 

I just made a new post with the details of their plan:  http://forum.mrmoneymustache.com/welcome-to-the-forum/what-comes-after-the-aca/

Of course, Trump may have different ideas but he hasn't put anything in writing.  Just lots of "it will be the best plan, you'll love it" bluster.


SwordGuy

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Re: 2018 FIRE cohort
« Reply #204 on: January 20, 2017, 11:15:01 PM »
Watching the many 2017 Cohort members start to reach their FIRE dates has been pretty inspiring this month.

I'm really getting the itch to find a way to get back into the 2017 Cohort... :(

Pylortes

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Re: 2018 FIRE cohort
« Reply #205 on: January 22, 2017, 03:25:09 PM »
Watching the many 2017 Cohort members start to reach their FIRE dates has been pretty inspiring this month.

I'm really getting the itch to find a way to get back into the 2017 Cohort... :(

Swordguy- I'm not trying to troll you, but I doubt anyone is putting a gun to your head to make you do a big real estate deal now before you retire. If your priorities have changed and retirement is the priority it seems you have a path to go quicker- avoid the real estate stuff that's going to require tons of capital.  That being said I'm happy to keep you with the 18'ers!  We're cooler (except for that whole having to work an extra year thing!)

Cherry Lane

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Re: 2018 FIRE cohort
« Reply #206 on: January 22, 2017, 04:05:36 PM »
As we're getting into the year, the earlier-retiring members of our cohort are probably starting to do some work-related things for the last time.  I'm not quite there yet, as I still have 14-15 months left.  There is one thing:  last fall I got a new ID card, valid for three years.  Should be the last one of those I'll need.

Any thoughts from those experiencing other "last time" events?
« Last Edit: January 22, 2017, 04:08:06 PM by Cherry Lane »

SwordGuy

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Re: 2018 FIRE cohort
« Reply #207 on: January 22, 2017, 05:04:58 PM »
Watching the many 2017 Cohort members start to reach their FIRE dates has been pretty inspiring this month.

I'm really getting the itch to find a way to get back into the 2017 Cohort... :(

Swordguy- I'm not trying to troll you, but I doubt anyone is putting a gun to your head to make you do a big real estate deal now before you retire. If your priorities have changed and retirement is the priority it seems you have a path to go quicker- avoid the real estate stuff that's going to require tons of capital.  That being said I'm happy to keep you with the 18'ers!  We're cooler (except for that whole having to work an extra year thing!)

Perfectly fair comments!  We have no one to blame but ourselves.   

The only defense we can offer is that we love good architecture and once we FIREd we were going to make stuff that would be cool for decorating homes or landscapes.  (And either use it or sell it.)   Plus fix up some homes for fun and profit.    This is such a cool house and we wanted so save it.  So, we're starting our new hobby a bit earlier and a bit more expensively than planned. 

CanuckExpat

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Re: 2018 FIRE cohort
« Reply #208 on: January 22, 2017, 06:15:55 PM »
As we're getting into the year, the earlier-retiring members of our cohort are probably starting to do some work-related things for the last time.

Has the pre-FIRE checklist been linked here already?
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PizzaSteve

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Re: 2018 FIRE cohort
« Reply #209 on: January 22, 2017, 09:13:04 PM »
My listed date is a pretty reasonable compromise, so i wont edit.  If i wait until 10/11/17, though, i get about +2% more of my annual gross pay in pension, (for life) vs 1/1/17.  It is tempting to drag it on further, as 10/31/20 would get me to about an incremental  +6% of annual gross pay for life.  We have enough now.  2017 gets me qualified for medical , which is my priority.  Gotta hang in there.
« Last Edit: January 22, 2017, 09:14:36 PM by PizzaSteve »
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Monkey Uncle

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Re: 2018 FIRE cohort
« Reply #210 on: January 23, 2017, 04:30:14 AM »
As we're getting into the year, the earlier-retiring members of our cohort are probably starting to do some work-related things for the last time.  I'm not quite there yet, as I still have 14-15 months left.  There is one thing:  last fall I got a new ID card, valid for three years.  Should be the last one of those I'll need.

Any thoughts from those experiencing other "last time" events?

Hah!  Didn't think about this until I read your post.  I'm in the midst of taking what I hope is my last annual cycle of mandatory web-based "trainings" - computer security, anti-harassment, various supervisory trainings.  Imagine, someone in my employer's organization thinks they can actually teach people to be better supervisors by forcing them to watch a 2 hour recorded webcast of a lecture.  Do they not realize that everyone just lets it run in the background while they do other stuff?
"Take this job and shove it" - David Allan Coe

FernFree

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Re: 2018 FIRE cohort
« Reply #211 on: January 23, 2017, 10:07:35 AM »
Ugh!  Going to work is torture and I don't want to be here!! :) 

I'm currently working from home and cruising the forum instead of getting any work done.  Oh, and I accidentally slept in until about 8:30 when work is supposed to start at 8:00.

As the date gets closer and closer, work is so much harder to do.  I'm torn between guilt for not giving 100% and glee that I can soon tell them to shove it!  haha

Anyone else struggling with this and any advice for dealing with it?  I don't think I can possibly slack off enough to get fired (some people never hit their dates and are clearly slacking off ALL THE TIME and last for years before getting sacked), but if I could, I'd get a huge severance package that would make FI/RE possible immediately. 



Retire-Canada

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Re: 2018 FIRE cohort
« Reply #212 on: January 23, 2017, 10:14:02 AM »
Anyone else struggling with this and any advice for dealing with it?  I don't think I can possibly slack off enough to get fired (some people never hit their dates and are clearly slacking off ALL THE TIME and last for years before getting sacked), but if I could, I'd get a huge severance package that would make FI/RE possible immediately.

Ha! I struggle with this daily. I wouldn't worry about it. You don't need to be rockstar just get some work done and keep the boss happy-ish.

davisgang90

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Re: 2018 FIRE cohort
« Reply #213 on: January 24, 2017, 07:32:10 AM »
I just had a visit from a fellow Navy officer.  He is scheduled to retire Aug 2018 at his mandatory 30 year point.  He just heard about the federal government hiring freeze and wants to explore a waiver to stay on another year to see what happens.  No idea if the waiver is even possible for him.

I made the appropriate noises to him while thinking "I'm even more sure of retiring next June".  I'm retiring at the 28 year mark and could stay a couple more years, but 2018 makes the most sense for my family situation.  The hiring freeze and its impact on military retirees finding employment in the DC area just makes it even easier for me to GTFO next year!
Check out my blog.  Early retirement from a military perspective.

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Cookie78

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Re: 2018 FIRE cohort
« Reply #214 on: January 24, 2017, 11:18:40 AM »
Ugh!  Going to work is torture and I don't want to be here!! :) 

I'm currently working from home and cruising the forum instead of getting any work done.  Oh, and I accidentally slept in until about 8:30 when work is supposed to start at 8:00.

As the date gets closer and closer, work is so much harder to do.  I'm torn between guilt for not giving 100% and glee that I can soon tell them to shove it!  haha

Anyone else struggling with this and any advice for dealing with it?  I don't think I can possibly slack off enough to get fired (some people never hit their dates and are clearly slacking off ALL THE TIME and last for years before getting sacked), but if I could, I'd get a huge severance package that would make FI/RE possible immediately.

Some days more than others. Today is bad! I haven't been at 100% in awhile, but I've stopped caring so much about that. Unfortunately I don't have much advice.

Cherry Lane

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Re: 2018 FIRE cohort
« Reply #215 on: February 02, 2017, 12:13:10 PM »
I had a dental appt this morning.  Since I'm trying to use up as much of my sick leave as I can this year, I took the whole day off.  (I'm glad I did, since at 2pm the left side of my face is still numb, slowly being replaced by pain.)  At the end of the appt, the hygenist said, "Go treat yourself.  Take a nap this afternoon."

Medical professional's orders.  Yes, ma'am, I'll take a nap!  Or I'll try.  I generally fail at napping.  This is a skill I plan to work on post-FIRE.

Retire-Canada

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Re: 2018 FIRE cohort
« Reply #216 on: February 02, 2017, 12:16:48 PM »
I had a dental appt this morning.  Since I'm trying to use up as much of my sick leave as I can this year, I took the whole day off.  (I'm glad I did, since at 2pm the left side of my face is still numb, slowly being replaced by pain.)  At the end of the appt, the hygenist said, "Go treat yourself.  Take a nap this afternoon."

Medical professional's orders.  Yes, ma'am, I'll take a nap!  Or I'll try.  I generally fail at napping.  This is a skill I plan to work on post-FIRE.

Awesome. I am a nap expert. I nap every day that I am not at an office. I could have turned pro if I hadn't joined the army. ;) If you need any tips just PM me!

momcpa

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Re: 2018 FIRE cohort
« Reply #217 on: February 02, 2017, 01:05:41 PM »
My adult daughter has ALWAYS been an excellent 'nap taker'.  I guess her husband thinks so too as one day he said to us that it's too bad that she couldn't get paid somehow for the speed at which she can nap !!!  Funny guy.

Gimesalot

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Re: 2018 FIRE cohort
« Reply #218 on: February 02, 2017, 04:10:15 PM »

There's no way I am making it to Sept. 2018, so I moved my date up


 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
~03/18  Gimesalot
 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
 10/18  Aperture
~10/18  Caoineag
 10/18  Happy
 10/18  Irishtache
 11/18  DeSteeg
 11/18  Kris
 ??/18  brooklynguy
 ??/18  dividendman

dividendman

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Re: 2018 FIRE cohort
« Reply #219 on: February 03, 2017, 09:59:02 AM »
 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
03/18 dividendman
~03/18  Gimesalot
 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
 10/18  Aperture
~10/18  Caoineag
 10/18  Happy
 10/18  Irishtache
 11/18  DeSteeg
 11/18  Kris
 ??/18  brooklynguy
??/18  dividendman

Making my date more well defined. Christ, still over a year, blah.

yoda34

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Re: 2018 FIRE cohort
« Reply #220 on: February 08, 2017, 01:37:14 PM »
Putting myself on this list for 12/2018. Woot!

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
03/18 dividendman
~03/18  Gimesalot
 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
 10/18  Aperture
~10/18  Caoineag
 10/18  Happy
 10/18  Irishtache
 11/18  DeSteeg
 11/18  Kris
 ??/18  brooklynguy
12/18 yoda34
« Last Edit: February 08, 2017, 01:40:46 PM by yoda34 »

Freshwater

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Re: 2018 FIRE cohort
« Reply #221 on: February 08, 2017, 03:59:06 PM »
Our retirement plan is to build a small house in our back yard and then move in and rent out the main house. In combination with other investments, we should have more than enough income.

Anyway - we have just reached the point savings wise where we can start getting things moving. With any luck we can build this (Aussie) winter (I know how bizarre that must sound to people that have proper winters). I don't want to get my hopes up but I could be selling my business next Spring... Very exciting to think it might actually happen!

Monkey Uncle

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Re: 2018 FIRE cohort
« Reply #222 on: February 09, 2017, 04:18:46 AM »
Putting myself on this list for 12/2018. Woot!

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
03/18 dividendman
~03/18  Gimesalot
 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
 10/18  Aperture
~10/18  Caoineag
 10/18  Happy
 10/18  Irishtache
 11/18  DeSteeg
 11/18  Kris
 ??/18  brooklynguy
12/18 yoda34

Welcome, yoda34!
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MandyM

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Re: 2018 FIRE cohort
« Reply #223 on: February 09, 2017, 06:49:33 AM »
I am actually participating in two cohorts - this one and 2017. Like momcpa, I'm going part time (3 days/week) later this year and then quitting entirely in 2018. To make the most of the celebratory vibes, I have listed a FIRE date in each.


 01/18  FIBy30
 01/18  PrePube
 01/18  Retire-Canada
 01/18  WannaGoOutside
 01/18  Zinethstache
 01/18  MomCPA
 01/18  OzBeach
~02/18  PizzaSteve
~03/18  CherryLane
 03/18  Sofa King
 03/18  sol
 03/18  dividendman
~03/18  Gimesalot
 04/18  Calvin
 04/18  FernFree
 04/18  Gooki
~04/18  HappyMargo
 04/18  MandyM
~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
 10/18  Aperture
~10/18  Caoineag
 10/18  Happy
 10/18  Irishtache
 11/18  DeSteeg
 11/18  Kris
 ??/18  brooklynguy
 12/18  yoda34
"Freedom lies in being bold." -Robert Frost

happy

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Re: 2018 FIRE cohort
« Reply #224 on: February 09, 2017, 07:27:10 PM »
Our retirement plan is to build a small house in our back yard and then move in and rent out the main house. In combination with other investments, we should have more than enough income.

Anyway - we have just reached the point savings wise where we can start getting things moving. With any luck we can build this (Aussie) winter (I know how bizarre that must sound to people that have proper winters). I don't want to get my hopes up but I could be selling my business next Spring... Very exciting to think it might actually happen!

It sounds exciting Freshie!  Good to see your plan coming together. I like the idea of living in the small house whilst renting the big one, and you get to keep your property investment.
Journalling at Happy Aussie Downshifter

Badblackgirl

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Re: 2018 FIRE cohort
« Reply #225 on: February 12, 2017, 10:44:37 AM »
I am actually participating in two cohorts - this one and 2017. Like momcpa, I'm going part time (3 days/week) later this year and then quitting entirely in 2018. To make the most of the celebratory vibes, I have listed a FIRE date in each.


 01/18  FIBy30
 01/18  PrePube
 01/18  Retire-Canada
 01/18  WannaGoOutside
 01/18  Zinethstache
 01/18  MomCPA
 01/18  OzBeach
~02/18  PizzaSteve
~03/18  CherryLane
 03/18  Sofa King
 03/18  sol
 03/18  dividendman
~03/18  Gimesalot
  03/18 Badblackgirl
 04/18  Calvin
 04/18  FernFree
 04/18  Gooki
~04/18  HappyMargo
 04/18  MandyM
~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
 10/18  Aperture
~10/18  Caoineag
 10/18  Happy
 10/18  Irishtache
 11/18  DeSteeg
 11/18  Kris
 ??/18  brooklynguy
 12/18  yoda34


Just added my date March 2018.  Downshifting starting May 2017, 32 hours a week .

sol

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Re: 2018 FIRE cohort
« Reply #226 on: February 13, 2017, 04:54:15 PM »
This shit is getting real right quick.  Today mint informed me that I'm supposed to retire in August 2017, a mere six months away, based on some arbitrary dollar value targets I set for myself years ago when I was just an MMM stubble poster.

Six months!  I don't think I'm ready for this level of immediacy yet.  Retirement is still a long ways away in my mind, 18 months or three years or a decade all feel like approximately the same far distance away, but six months is like virtually tomorrow.  I have scheduled events on my social calendar that are more than six months away!

Cherry Lane

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Re: 2018 FIRE cohort
« Reply #227 on: February 13, 2017, 05:19:24 PM »
This shit is getting real right quick.  Today mint informed me that I'm supposed to retire in August 2017, a mere six months away, based on some arbitrary dollar value targets I set for myself years ago when I was just an MMM stubble poster.

Six months!  I don't think I'm ready for this level of immediacy yet.  Retirement is still a long ways away in my mind, 18 months or three years or a decade all feel like approximately the same far distance away, but six months is like virtually tomorrow.  I have scheduled events on my social calendar that are more than six months away!

Based on the 2018 list posted above, you've got 12 months or so.  Do you think you'll feel the same way in six months that you did when you saw that today?  What will you do to lessen the shock when the actual time (whatever that may be) nears?

These aren't rhetorical questions:  I'm nearing that 12-month mark myself and realizing that ignoring it probably isn't the proper way to prepare.

Retire-Canada

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Re: 2018 FIRE cohort
« Reply #228 on: February 13, 2017, 05:26:12 PM »
This is one of the reasons I'm happy to be downshifting to PT for a couple years prior to FIRE. It'll be a nice opportunity to shift gears mentally without a major shock to the system.

Pylortes

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Re: 2018 FIRE cohort
« Reply #229 on: February 13, 2017, 07:00:47 PM »
Yes I expect this thread to heat up as we go through 2017 and more people wake up/try to come to terms with the time getting close.  I'm still in denial mode (made a point to add a squiggly by my estimated date) plugging away at work.  Right now things are going good and I've realized the job is half way decent and not as bad as a lot of others (I expect OMY syndrome is rearing its head).  But then other times I feel burned out and daydream about how many days are left until my very rough target etc.  Stuff will get real when I start hitting more "lasts".

Monkey Uncle

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Re: 2018 FIRE cohort
« Reply #230 on: February 14, 2017, 04:40:30 AM »
This shit is getting real right quick.  Today mint informed me that I'm supposed to retire in August 2017, a mere six months away, based on some arbitrary dollar value targets I set for myself years ago when I was just an MMM stubble poster.

Six months!  I don't think I'm ready for this level of immediacy yet.  Retirement is still a long ways away in my mind, 18 months or three years or a decade all feel like approximately the same far distance away, but six months is like virtually tomorrow.  I have scheduled events on my social calendar that are more than six months away!

I'm 10 1/2 months out from my appointed date, so I should be feeling this way.  But I'm not, because my FIRE date is in limbo due to the ACA uncertainty.  My best guess at this point is that my health insurance costs will increase by $17k/yr if the ACA goes away without a similar subsidized/pooled replacement.  That would put me about $10k over my safe spend level.  I haven't yet mustered the courage to calculate what that would do to my FIRE date...too depressing.
"Take this job and shove it" - David Allan Coe

brooklynguy

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Re: 2018 FIRE cohort
« Reply #231 on: February 14, 2017, 09:59:55 AM »
It's ironic that we all seem to be (or at least feel) so psychologically unprepared for an event and condition for which we have been endlessly preparing.  I guess no amount of preparation (or rumination, or discourse) will completely mitigate the shock of experiencing a shift in our personal perception of financial independence and early retirement from abstraction to (impending) concrete reality.

Retire-Canada

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Re: 2018 FIRE cohort
« Reply #232 on: February 14, 2017, 10:18:29 AM »
It's ironic that we all seem to be (or at least feel) so psychologically unprepared for an event and condition for which we have been endlessly preparing.  I guess no amount of preparation (or rumination, or discourse) will completely mitigate the shock of experiencing a shift in our personal perception of financial independence and early retirement from abstraction to (impending) concrete reality.

We are unprepared because most of us have been preparing financially, but not preparing ourselves psychologically. I don't think that's something that cannot be done. We just don't acknowledge it as the problem/challenge it is. It also is not easily fit into a spreadsheet or calculated like investments are. It doesn't get covered in dozens of blog posts like the 4% Rule does.

It's like dealing with death. We can pretend it doesn't exist and shield ourselves from it as much as possible until one day it affects us in a way we can't avoid or we can put effort into connecting with our mortality so that it's not something alien to us when it does happen and we are less likely to lose our shit.

Personally I spend a fair bit of time thinking about my feelings towards money, working and the major change that's coming up. We are all affected by fear. It's a huge driver in our society and anytime you step outside the norm it's worse because you either face it on your own or in a smaller group like this cohort. I try and isolate what is a real risk or a real concern vs. what's just fear filling in any gaps in my plan. It's something that takes constant effort.

When you read the various 4% Rule Is Going To Fail threads the one thing that is very apparent to me is the myopic perspective a lot of people have around FIRE and equating success just to money. That discounts all the other important ways to fail or more importantly to succeed at FIRE. Being physically and mentally healthy would be top of that list to me and that includes a plan to deal with the transition between working full-time and FIRE.

We should all tally up how many hours we've spent on financial planning for FIRE and then how many hours we've spent on getting ourselves ready for the physiological process of making this major change in our lives.

Pylortes

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Re: 2018 FIRE cohort
« Reply #233 on: February 14, 2017, 03:49:37 PM »
Good points.  From my perspective, I've chosen not to prepare psychologically in a big way yet because I still have a job to do and want to focus on that and also trying to live more in the present. There are also external uncertainties out there (such as ACA repeal, or market/economic under-performance) that could change the calculations. 

Seems to me sort of like I'm running a race, I'm in good position at the moment, but I've got a couple miles left to go.  I prefer to keep my eyes  down on the road focusing on the next step instead of daydreaming too much about the end of the race.  That way I figure if the race has to go a little longer for some reason, I won't be too discouraged, I'll just keep adding more steps until I get to the new finish line.  Perhaps its a game I'm playing- but I want to be adaptable and living in the moment instead of getting fully locked in on the future.

SwordGuy

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Re: 2018 FIRE cohort
« Reply #234 on: February 14, 2017, 06:50:50 PM »
Eight of the first nine who were planning to FIRE in 2017 by this date are confirmed to have done so.   We haven't heard from the ninth one way or the other.

http://forum.mrmoneymustache.com/throw-down-the-gauntlet/target-fire-2017/msg1432093/#msg1432093


Pretty exciting!

I'll do my part of make the 2018 numbers equally impressive!

happy

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Re: 2018 FIRE cohort
« Reply #235 on: February 15, 2017, 06:05:05 AM »
January and June look to be the most popular months to retire.
Journalling at Happy Aussie Downshifter

tooqk4u22

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Re: 2018 FIRE cohort
« Reply #236 on: February 15, 2017, 08:31:31 AM »
January and June look to be the most popular months to retire.

Start of the year is a natural cutoff and June - hell yeah, summertime. 

happy

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Re: 2018 FIRE cohort
« Reply #237 on: February 16, 2017, 04:04:31 AM »
Knew there'd be a Northern hemisphere explanation. I'm guessing but for us underbelly folks I  think July, ( since new financial year starts 1st July in Australia) and December or Jan...for the same reason, and summer.
Journalling at Happy Aussie Downshifter

dividendman

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Re: 2018 FIRE cohort
« Reply #238 on: February 16, 2017, 08:14:41 AM »
January and June look to be the most popular months to retire.

Start of the year is a natural cutoff and June - hell yeah, summertime.

Hrm, I'm doing end of March because it's the best for tax purposes (avoids a higher tax bracket, fills 401k, will know how much tax from prev year I have to pay, etc.).

Cherry Lane

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Re: 2018 FIRE cohort
« Reply #239 on: February 16, 2017, 12:17:13 PM »
January and June look to be the most popular months to retire.

Start of the year is a natural cutoff and June - hell yeah, summertime.

Hrm, I'm doing end of March because it's the best for tax purposes (avoids a higher tax bracket, fills 401k, will know how much tax from prev year I have to pay, etc.).

Yep, March for me, too. Mainly to fill up my tax advantaged contributions. Also to not leave in the middle of winter. I want impending spring to help motivate me to not be a couch potato.

Minnesota_mom

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Re: 2018 FIRE cohort
« Reply #240 on: February 17, 2017, 03:34:46 AM »
I'm in for 2018, so long as my mortgage is paid off, and I figure out health care. Two big hurdles, but I am hopeful!

CowboyAndIndian

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Re: 2018 FIRE cohort
« Reply #241 on: February 17, 2017, 05:19:47 AM »
Added Minnesota_mom


 01/18  FIBy30
 01/18  PrePube
 01/18  Retire-Canada
 01/18  WannaGoOutside
 01/18  Zinethstache
 01/18  MomCPA
 01/18  OzBeach
~02/18  PizzaSteve
~03/18  CherryLane
 03/18  Sofa King
 03/18  sol
 03/18  dividendman
~03/18  Gimesalot
 03/18 Badblackgirl
 04/18  Calvin
 04/18  FernFree
 04/18  Gooki
~04/18  HappyMargo
 04/18  MandyM
~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
 10/18  Aperture
~10/18  Caoineag
 10/18  Happy
 10/18  Irishtache
 11/18  DeSteeg
 11/18  Kris
 ??/18  brooklynguy
 12/18  yoda34
 ??/18 Minnesota_mom


« Last Edit: February 17, 2017, 05:24:37 AM by CowboyAndIndian »

randomgiraffe

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Re: 2018 FIRE cohort
« Reply #242 on: February 22, 2017, 08:43:36 PM »
I'm planning to FIRE on Friday June 1, 2018 if I can hang on that long. 10 more months before the final December bonus (hopefully) and then another 5 months to save a cushion of spending money before I take the plunge. When I break it down like that it doesn't seem so bad, but it feels agonizing! Oh well, no doubt the time will pass eventually... Good luck to everyone!

CowboyAndIndian

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Re: 2018 FIRE cohort
« Reply #243 on: February 23, 2017, 07:22:23 AM »

Added randomgiraffe


 01/18  FIBy30
 01/18  PrePube
 01/18  Retire-Canada
 01/18  WannaGoOutside
 01/18  Zinethstache
 01/18  MomCPA
 01/18  OzBeach
~02/18  PizzaSteve
~03/18  CherryLane
 03/18  Sofa King
 03/18  sol
 03/18  dividendman
~03/18  Gimesalot
 03/18  Badblackgirl
 04/18  Calvin
 04/18  FernFree
 04/18  Gooki
~04/18  HappyMargo
 04/18  MandyM
~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
 06/18  randomgiraffe
 07/18  AussieGirl
~07/18  BackAndForth
 07/18  ChasesFish
~07/18  Freshwater
 08/18  SpreadsheetMan DW
 10/18  Aperture
~10/18  Caoineag
 10/18  Happy
 10/18  Irishtache
 11/18  DeSteeg
 11/18  Kris
 ??/18  brooklynguy
 12/18  yoda34
 ??/18  Minnesota_mom


Caoineag

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Re: 2018 FIRE cohort
« Reply #244 on: February 23, 2017, 03:26:08 PM »

 01/18  FIBy30
 01/18  PrePube
 01/18  Retire-Canada
 01/18  WannaGoOutside
 01/18  Zinethstache
 01/18  MomCPA
 01/18  OzBeach
~02/18  PizzaSteve
~03/18  CherryLane
 03/18  Sofa King
 03/18  sol
 03/18  dividendman
~03/18  Gimesalot
 03/18  Badblackgirl
~03/18  Caoineag
 04/18  Calvin
 04/18  FernFree
 04/18  Gooki
~04/18  HappyMargo
 04/18  MandyM
~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
 06/18  randomgiraffe
 07/18  AussieGirl
~07/18  BackAndForth
 07/18  ChasesFish
~07/18  Freshwater
 08/18  SpreadsheetMan DW
 10/18  Aperture
 10/18  Happy
 10/18  Irishtache
 11/18  DeSteeg
 11/18  Kris
 ??/18  brooklynguy
 12/18  yoda34
 ??/18  Minnesota_mom

Realized I needed to move mine up. I have waffled between 11/2017 and early 2018 but think we are pretty set on the early 2018 now so that we aren't retiring into winter. Given that we will be downsizing into an RV for full time travel, early spring seems to be our optimum time period. Being at the 1 year out mark definitely makes you think you need to get things ready. I have a lot of things I want to finish before then. Hopefully no OMY syndrome when we get really close...

dbtx

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Re: 2018 FIRE cohort
« Reply #245 on: February 24, 2017, 01:02:52 PM »
My wife will retire from teaching on 6/1/2018 and I plan on quitting my job at that time. We're looking to move to Colorado where property taxes are lower and most of her pension will be exempt from state income tax.

CowboyAndIndian

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Re: 2018 FIRE cohort
« Reply #246 on: February 24, 2017, 01:12:59 PM »
Added dbtx


 01/18  FIBy30
 01/18  PrePube
 01/18  Retire-Canada
 01/18  WannaGoOutside
 01/18  Zinethstache
 01/18  MomCPA
 01/18  OzBeach
~02/18  PizzaSteve
~03/18  CherryLane
 03/18  Sofa King
 03/18  sol
 03/18  dividendman
~03/18  Gimesalot
 03/18  Badblackgirl
~03/18  Caoineag
 04/18  Calvin
 04/18  FernFree
 04/18  Gooki
~04/18  HappyMargo
 04/18  MandyM
~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
 06/18  randomgiraffe
 06/18  dbtx
 07/18  AussieGirl
~07/18  BackAndForth
 07/18  ChasesFish
~07/18  Freshwater
 08/18  SpreadsheetMan DW
 10/18  Aperture
 10/18  Happy
 10/18  Irishtache
 11/18  DeSteeg
 11/18  Kris
 ??/18  brooklynguy
 12/18  yoda34
 ??/18  Minnesota_mom



CowboyAndIndian

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Re: 2018 FIRE cohort
« Reply #247 on: March 01, 2017, 11:47:38 AM »
9 more months till this class starts graduating.

How is everyone feeling? Going to meet your graduation date?

As for me, June 2018 is definitely the date, could be earlier if I lose my job (consultant).

happy

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Re: 2018 FIRE cohort
« Reply #248 on: March 01, 2017, 01:50:12 PM »
Not graduating til end Oct, so its 1 year and 8months for me provided I can exit the way I've planned ( still dependent on approval from employer). I am feeling alternating phases of  being Sooo. Ready. to retire and OMG its coming too fast, how will I manage without an income. I'm in my 50s and used to having huge margins of safety when it comes to income i.e. the ability to earn lots more money if I went back to full-time work, and scads of unused credit in the event of some catastrophe. I didn't realise until recently  that I subconsciously used those as sources of security.

I've decided to make a list, plan and timeline of all the things I need to get done before retiring. Stuff like cleaning up and gradually emptying out my very messy office.

Journalling at Happy Aussie Downshifter

dividendman

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Re: 2018 FIRE cohort
« Reply #249 on: March 01, 2017, 03:47:43 PM »
9 more months till this class starts graduating.

How is everyone feeling? Going to meet your graduation date?

As for me, June 2018 is definitely the date, could be earlier if I lose my job (consultant).

I'm feeling pretty good. Still might pull the plug this year and ditch all you 2018ers! :)