Author Topic: 2018 FIRE cohort  (Read 107011 times)

aperture

  • Bristles
  • ***
  • Posts: 367
  • Location: Denver
Re: 2018 FIRE cohort
« Reply #500 on: September 17, 2017, 06:55:41 AM »
My cFiresim runs are pretty bulletproof, assuming the ACA still exists (100% success rate with a 10k spending buffer beyond base expenses).  I know the fear is completely irrational, so I hope it doesn't cause me to make up OMY excuses when it's time to pull the plug!

Funny, but at the same time I feel the call of the wild inside my cubicle, I find myself drifting into considering working 6 more months.  I would love to see the last coffin nail driven into our mortgage and could achieve that in 2018, but it is unnecessary. 

I have not run cfiresim in a while.  Thanks for the reminder.  I plugged in our spending, added the rest of the mortgage payments as a one-time expense and still came up with 100% chance of success. 

I wonder what other people's asset allocation is in this last year before retirement?  I was 100% stocks until last fall.  Then I realized that I was being greedy, and not adequately considering the risk of a market drop right before retirement.  I moved to 70% equities and 30% bonds.  According to the models, we will be successful with either allocation, but I am way more likely to keep working OMY if the stock market drops and I am 100% than if I have bond allocation to (1) pay myself in the bear years and (2) throw into equities if they really tank (30% or more drop).

Retire-Canada

  • Magnum Stache
  • ******
  • Posts: 4589
Re: 2018 FIRE cohort
« Reply #501 on: September 17, 2017, 09:44:00 AM »
I wonder what other people's asset allocation is in this last year before retirement?  I was 100% stocks until last fall.  Then I realized that I was being greedy, and not adequately considering the risk of a market drop right before retirement.  I moved to 70% equities and 30% bonds.  According to the models, we will be successful with either allocation, but I am way more likely to keep working OMY if the stock market drops and I am 100% than if I have bond allocation to (1) pay myself in the bear years and (2) throw into equities if they really tank (30% or more drop).

I'm at 100% equities. I just can't see myself retiring into the teeth of a really bad market crash regardless of any % of bonds I am willing to hold. I'm not overly emotional or fearful, but that just seems like a bridge too far. So all holding bonds does for me prior to FIRE is slow down my progress. But everyone needs to analyze this scenario for themselves and take approproate action.

PizzaSteve

  • Pencil Stache
  • ****
  • Posts: 609
Re: 2018 FIRE cohort
« Reply #502 on: September 17, 2017, 10:04:08 AM »
I wonder what other people's asset allocation is in this last year before retirement?  I was 100% stocks until last fall.  Then I realized that I was being greedy, and not adequately considering the risk of a market drop right before retirement.  I moved to 70% equities and 30% bonds.  According to the models, we will be successful with either allocation, but I am way more likely to keep working OMY if the stock market drops and I am 100% than if I have bond allocation to (1) pay myself in the bear years and (2) throw into equities if they really tank (30% or more drop).

I'm at 100% equities. I just can't see myself retiring into the teeth of a really bad market crash regardless of any % of bonds I am willing to hold. I'm not overly emotional or fearful, but that just seems like a bridge too far. So all holding bonds does for me prior to FIRE is slow down my progress. But everyone needs to analyze this scenario for themselves and take approproate action.
We are at rough the following for our earning assets:
50% US Equities, 10% Intl Equities, 25% Bond (mix of tax free muni, us corp, intl), 15% Real Estate/REAT.  Also have a small fixed pension and medical benefit, which is bond like.  We will face a pretty challenging tax strategies in retirement with fairly large taxible assets, so bonds tilt towards CA tax free munis of lower investment grades, longer durations to get some yield.

This represents a pretty significant shift to increase crash resistant assets like real estate and bonds in my last 6 years of work.  Historically we were closer to 80% equities.  Our success rate in Firesim is pretty much 100%.
« Last Edit: September 17, 2017, 10:11:04 AM by PizzaSteve »
All posts are opinions of the author subject to independent verification by the reader.  No representations of fact are asserted regarding commercial products or services.

Pizzasteve is planning to mostly be inactive and avoid debates.  In the event of a rare post, no need to reply or quote if you expect a response, as i am posting information an opinion meant to stand on its own.

Monkey Uncle

  • Pencil Stache
  • ****
  • Posts: 995
  • Location: West-by-god-Virginia
Re: 2018 FIRE cohort
« Reply #503 on: September 17, 2017, 10:59:55 AM »
I backed off just a hare, from 75/25 to 70/30.  The stocks are a mix of large cap, mid cap, small cap, and international.
"Take this job and shove it" - David Allan Coe

Caoineag

  • Bristles
  • ***
  • Posts: 368
  • Age: 36
  • Location: Denver
    • My Journal
Re: 2018 FIRE cohort
« Reply #504 on: September 17, 2017, 11:08:43 AM »
I am still 100% stocks but I am also selling the house right after retiring so that is a very large chunk of cash infusion at the beginning of retirement.

Monkey Uncle

  • Pencil Stache
  • ****
  • Posts: 995
  • Location: West-by-god-Virginia
Re: 2018 FIRE cohort
« Reply #505 on: September 17, 2017, 02:37:17 PM »
I backed off just a hare, from 75/25 to 70/30.  The stocks are a mix of large cap, mid cap, small cap, and international.

Or maybe a rabbit...or a pika...

I used to make fun of people who make word usage mistakes like that.  But it seems that the older I get, the more I'm prone to such mix-ups.
"Take this job and shove it" - David Allan Coe

aperture

  • Bristles
  • ***
  • Posts: 367
  • Location: Denver
Re: 2018 FIRE cohort
« Reply #506 on: September 17, 2017, 02:47:42 PM »
I backed off just a hare, from 75/25 to 70/30.  The stocks are a mix of large cap, mid cap, small cap, and international.

Or maybe a rabbit...or a pika...

I used to make fun of people who make word usage mistakes like that.  But it seems that the older I get, the more I'm prone to such mix-ups.

+1 LOL

honeyfill

  • 5 O'Clock Shadow
  • *
  • Posts: 19
  • Age: 60
  • Location: Tucson
Re: 2018 FIRE cohort
« Reply #507 on: September 17, 2017, 08:47:27 PM »
Still on track f or May-July  2018 time frame.  Paid off our back porch remodel and half our cit i card this month , next month is other ha l f of the city  card and p a y off the bathroom remodel.  We are still holding steady at 95 equity and 5 st bonds.  Don't worry ,all credit cards are at 0percent till March and will be paid off. Only unknown is how much the kitchen remodel will cost.



aperture

  • Bristles
  • ***
  • Posts: 367
  • Location: Denver
Re: 2018 FIRE cohort
« Reply #508 on: September 17, 2017, 09:09:36 PM »
Don't worry ,all credit cards are at 0percent till March and will be paid off. Only unknown is how much the kitchen remodel will cost.

honeyfill, thanks for the update. I do worry a little about you because the things you say of your circumstances are a little alarming (e.g. paying off credit card debt, possibly significant spending on remodels and high allocation to stocks).  Obviously you have not shared the complete picture and I know almost nothing.  I think elsewhere, you mention that you have been socking it away in a 401K for decades, so probably you are in great shape. 

If on the other hand you have any concerns, I have found that the reviews and advice of this community through a case study have been super helpful.  Sincere best wishes, aperture.   

Mr Mark

  • Handlebar Stache
  • *****
  • Posts: 1030
  • Location: Detroit, MI
  • Achieved Financial Independence summer 2014. RE'18
Re: 2018 FIRE cohort
« Reply #509 on: September 17, 2017, 10:54:46 PM »
*snip*
MrMark - suggest you look into COBRA insurance coverage https://www.dol.gov/agencies/ebsa/about-ebsa/our-activities/resource-center/faqs/cobra-continuation-health-coverage-compliance

mmmm looked at COBRA but I'm not eligible - I don't work for an American company and at the moment not a US perm resident either... I will probably have to get some kind of tourist insurance before ACA sign up once we're firmly back in the USA I guess. But I guess DW and DD (as US citizens) can sign up on ACA Exchanges or even off exchange just before arriving?
Mr. Mark

CanuckExpat

  • Handlebar Stache
  • *****
  • Posts: 2400
  • Age: 34
  • Location: Travelling
    • Freedom35
Re: 2018 FIRE cohort
« Reply #510 on: September 18, 2017, 04:45:18 AM »
mmmm looked at COBRA but I'm not eligible - I don't work for an American company and at the moment not a US perm resident either... I will probably have to get some kind of tourist insurance before ACA sign up once we're firmly back in the USA I guess. But I guess DW and DD (as US citizens) can sign up on ACA Exchanges or even off exchange just before arriving?

Medicaid eligibility is based on monthly income, not annual, so depending on your circumstances that can be an option to hold you over.
If nothing else, it meets the insurance mandate
Retired, or just homeless and jobless.
Blog
Journal

homestead neohio

  • Pencil Stache
  • ****
  • Posts: 623
    • Journal - Seeds Sprout
Re: 2018 FIRE cohort
« Reply #511 on: September 18, 2017, 02:14:57 PM »
Formally joining up in the 2018 cohort, coming over from 2017.  This is a big group!  Lots of the names are familiar from having moved up into the 2017 group part way through the year.

I'm kind of caught between cohorts, really.  My original plan was to FIRE in 2022 after hitting a target number, but when mega-corp purchased my medium corp and announced my site will close at the end of 2017, DW and I cut expenses fairly dramatically (and increased savings) to see what we can do without feeling deprived to make the transition sooner.  Our changes were significant enough to support down-shifting to semi-FIRE so I don't have to find another cube job I'm no longer passionate about.  My layoff date has since been pushed out to March 2018, which gets me a little closer to my actual FIRE stash target, but I remain on the hook for working 3 more months.  I will likely end up coming in to the physical office very rarely Jan to Mar, though, so in some ways it still feel like 2017 is my last year.  The actual alignment of when I will stop getting income from my employer is solidly in 2018.

The current revision of our plan is to kick-off the transition to Semi-FIRE with a 6 week family road trip to 10 US National Parks.  Then come back to a one-year break, then decide whether to continue to a subsequent one year break or pick up some part time work that I will enjoy.  We will be keeping a bit more of our stash in cash during this time and letting the existing stash grow.

CanuckExpat

  • Handlebar Stache
  • *****
  • Posts: 2400
  • Age: 34
  • Location: Travelling
    • Freedom35
Re: 2018 FIRE cohort
« Reply #512 on: September 18, 2017, 05:50:15 PM »
The current revision of our plan is to kick-off the transition to Semi-FIRE with a 6 week family road trip to 10 US National Parks.

You are going to be FIRE, you can spend 6 weeks in one National Park if you want!
Retired, or just homeless and jobless.
Blog
Journal

homestead neohio

  • Pencil Stache
  • ****
  • Posts: 623
    • Journal - Seeds Sprout
Re: 2018 FIRE cohort
« Reply #513 on: September 18, 2017, 06:09:35 PM »
The current revision of our plan is to kick-off the transition to Semi-FIRE with a 6 week family road trip to 10 US National Parks.

You are going to be FIRE, you can spend 6 weeks in one National Park if you want!

We could, but none of us has traveled for that long before, so this is a test to see if we get homesick or not.  We are expecting to come home in time to plant a garden in 2018, but we could change our plans as we go! 

I'm looking forward to gardening and homestead activities on a more relaxed schedule, instead of fitting it in on evenings and weekends.  I expect it will feel like I have so much time to do what is needed instead of now, where I'm always playing catch up.  Maybe finally do some deferred maintenance and improvements.  The things that need doing require much more time than money.  But I intend to start those after decompressing and feeling relaxed, which could take many months.

aperture

  • Bristles
  • ***
  • Posts: 367
  • Location: Denver
Re: 2018 FIRE cohort
« Reply #514 on: September 18, 2017, 06:39:58 PM »
Formally joining up in the 2018 cohort, coming over from 2017.  This is a big group!  Lots of the names are familiar from having moved up into the 2017 group part way through the year.

Welcome homestead neohio. Glad you could join us.   

Gimesalot

  • Pencil Stache
  • ****
  • Posts: 565
Re: 2018 FIRE cohort
« Reply #515 on: September 21, 2017, 07:35:26 AM »
I finally counted how many days I have left at work, 49 days!! 

I am so excited to see the light at the end of the tunnel.

SwordGuy

  • Magnum Stache
  • ******
  • Posts: 3271
  • Location: Fayetteville, NC
    • Flipping Fayetteville
Re: 2018 FIRE cohort
« Reply #516 on: September 21, 2017, 06:23:29 PM »
My wife and I both let our management know we're planning to retire in May of 2018.

It's getting close!

Aegishjalmur

  • 5 O'Clock Shadow
  • *
  • Posts: 62
Re: 2018 FIRE cohort
« Reply #517 on: September 22, 2017, 07:20:40 AM »
My wife and I both let our management know we're planning to retire in May of 2018.

It's getting close!

I know it is common in some professions to give such large a notice, but with my employer? No way.
Plans are useless. Planning is indispensable.

Retire-Canada

  • Magnum Stache
  • ******
  • Posts: 4589
Re: 2018 FIRE cohort
« Reply #518 on: September 22, 2017, 08:41:08 AM »
I know it is common in some professions to give such large a notice, but with my employer? No way.

I'll give my clients at least 6 months notice before I stop working for them. They owe me zero notice to get rid of me and I owe them the same, but it seems unprofessional to do that to people that made my retirement possible with their business.

honeyfill

  • 5 O'Clock Shadow
  • *
  • Posts: 19
  • Age: 60
  • Location: Tucson
Re: 2018 FIRE cohort
« Reply #519 on: September 22, 2017, 08:59:08 AM »
My Megacorp has a long history of declaring anyone retiring an "underperformer" and cutting their March bonus to zero. I  plan on giving  notice the day I see my bonus show up in my direct deposit. 



ZiziPB

  • Magnum Stache
  • ******
  • Posts: 2558
  • Location: CT for now...
Re: 2018 FIRE cohort
« Reply #520 on: September 22, 2017, 10:28:10 AM »
I  plan on giving  notice the day I see my bonus show up in my direct deposit.

Haha, that's exactly my plan as well.  And I'm planning on a standard 2 week notice unless it suits me to work a week or two longer at that point in time.   

As to the pre-FIRE allocation, I'm roughly at 65/35 stocks to fixed income.  Stocks are a mix if US and international.  Fixed income is bonds, a stable value fund, CDs, etc.



markbike528CBX

  • Bristles
  • ***
  • Posts: 491
  • Location: the Everbrown part of the Evergreen State (WA)
Re: 2018 FIRE cohort
« Reply #521 on: September 22, 2017, 12:35:39 PM »
I  plan on giving  notice the day I see my bonus show up in my direct deposit.
Haha, that's exactly my plan as well.  And I'm planning on a standard 2 week notice unless it suits me to work a week or two longer at that point in time.   ....Snip...

Since I don't really care what the exact date is, I'm giving ~6 months notice of the fact that I'm not working next summer.   If I can work it, a Leave of Absence for that time, then back to work during Fall, winter spring till end of 2019.

I'd be shocked if I got shown the door, but it would actually be a relief that I didn't have to actually resign/ retire.    The treadmill is pretty comfortable, mostly.
« Last Edit: September 22, 2017, 12:38:40 PM by markbike528CBX »

TartanTallulah

  • Bristles
  • ***
  • Posts: 270
  • Location: The Middle of Scenic Nowhere
Re: 2018 FIRE cohort
« Reply #522 on: September 22, 2017, 02:43:19 PM »
I'm officially a 2019-er, but at the moment the situation at work is such that I think I might throw in the towel in 2018. A change will be occurring in my workplace in October that could either improve my work life or make it completely unbearable. If it's the latter, I'll hand in my notice early (I need to give three months' notice) and provide a diplomatic explanation from the page headed It's Not You, It's Me.

But I'm only lurking just now. I'll shout up if I commit.





SwordGuy

  • Magnum Stache
  • ******
  • Posts: 3271
  • Location: Fayetteville, NC
    • Flipping Fayetteville
Re: 2018 FIRE cohort
« Reply #523 on: September 22, 2017, 05:52:03 PM »
My Megacorp has a long history of declaring anyone retiring an "underperformer" and cutting their March bonus to zero. I  plan on giving  notice the day I see my bonus show up in my direct deposit.

I hear you!

If all the living presidents, and the best of the ones who've already died self-resurrected themselves to personally thank me and my employer for my service to the nation on national TV, my odds of getting a bonus > $500 are less than winning the lottery.

At this point, I'm staying until May out of solidarity with my wife.  She's a professor and it would be very unprofessional to quit mid-school year.   Plus, they need time to recruit someone.

So, if they pushed me out early I would actually not mind. ;)

But it's not to their benefit to do so, especially if they can double-bill for awhile as I train the replacement.

Plus, I've offered to pop in and cover things for a short while if the DBA or my replacement leave, get run over by a bus, etc.   That's a real plus for them.   It's hard to get good IT talent to move here and good IT talent that's already in town already has a job. 

$9k+ per month for 1 to 3 months is a lot of fun money for the rest of the year, without having to draw down the stash in the early years, either.


wordnerd

  • Bristles
  • ***
  • Posts: 494
  • Location: Atlanta, GA
Re: 2018 FIRE cohort
« Reply #524 on: September 22, 2017, 06:21:12 PM »
Cautiously penciling myself (and DH) in for May 2018 when baby #2 is set to arrive. It's still early--hence the cautiousness--but I'm so excited. About 147 workdays, but who's counting...?
Earn $14-22/hr teaching English from home: https://t.vipkid.com.cn/?refereeId=6482114

CowboyAndIndian

  • Handlebar Stache
  • *****
  • Posts: 1018
  • Location: NJ, USA
    • KOWines: Deep discount wine/spirits store.
Re: 2018 FIRE cohort
« Reply #525 on: September 22, 2017, 06:38:44 PM »
Added wordnerd  and homestead neohio


01/18  Monkey Uncle
01/18  FIBy30
01/18  PrePube
01/18  Retire-Canada - downshifted 07/2017
01/18  WannaGoOutside OLY, Moved to 2017 cohort
01/18  Zinethstache
01/18  MomCPA
01/18  NorGirl
01/18  PizzaSteve
02/18  brooklynguy
03/18  Cherry Lane
03/18  Sofa King
03/18  sol
~03/18  Gimesalot
03/18  Badblackgirl
~03/18  Caoineag
03/18  Clean Shaven
03/18  JLTinVA
03/18  homestead neohio
04/18  Calvin
04/18  DTaggart
04/18  FernFree
04/18  Gooki
~04/18  HappyMargo
04/18   MandyM - Class of 2017
~04/18  Mother Fussbudget
04/18  NinetyFour
04/18  ZiziPB
04/18  LateStarter
04/18  Aegishjalmur
~5/18   Markbike528CBX
05/18  SwordGuy
05/18  SwordGuy DW
05/18  Alim Nassor
~05/18 honeyfill
05/18  wordnerd
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
06/18  poppydog
06/18  SwissMiss
07/18  AussieGirl
~07/18  BackAndForth
07/18  ChasesFish
~07/18  Freshwater
~07/18  SnidelyWhiplashStache
07/18  Mr Griz
~07/18 cerat0n1a
08/18  SpreadsheetMan DW - OMY, moved to 2019 cohort.
08/18  NorCalistache
08/18  Mr Mark
10/18  Happy
10/18  Irishtache
10/18  patches
10/18  Fire1018
11/18  DeSteeg
11/18  Kris
12/18  yoda34
12/18  EnjoyIt
??/18  Minnesota_mom
??/18  Michread
??/18  Blindsquirrel
??/18  thriftycanadian
??/18  OzBeach -- WIGLO (When I Get Laid Off)

« Last Edit: September 22, 2017, 06:40:49 PM by CowboyAndIndian »

markbike528CBX

  • Bristles
  • ***
  • Posts: 491
  • Location: the Everbrown part of the Evergreen State (WA)
Re: 2018 FIRE cohort
« Reply #526 on: September 26, 2017, 04:11:55 PM »
Had "the talk" with my boss.   

May-2018 look out, I'll be there before you know it!

Of course, I left the door open to help out during Fall 2018 through Spring 2019, so the IRP might be after me soon.

CowboyAndIndian

  • Handlebar Stache
  • *****
  • Posts: 1018
  • Location: NJ, USA
    • KOWines: Deep discount wine/spirits store.
Re: 2018 FIRE cohort
« Reply #527 on: September 27, 2017, 06:46:01 AM »
I was just  notified by my boss that my contract has been extended to March end 2018.

He also asked me to think about converting to an employee and he needs an answer in early January.

I am ready to hang up my gun and ride off into FIRE, but DW is panicking and wants to work one more year. Real dilemma here!

Any advice?

Retire-Canada

  • Magnum Stache
  • ******
  • Posts: 4589
Re: 2018 FIRE cohort
« Reply #528 on: September 27, 2017, 08:03:13 AM »
Any advice?



Without a full case study it would be hard to provide any specific advice about a complex decision like when you and your spouse should retire. I will just say that recently the number of people I know that have died or received life altering diagnosis or been in car accidents with life alter results has been startling. Perhaps that's just getting older and having your social network ageing with you? Regardless it keeps me focused on the fact that time is my most precious resource and that given a reasonable FIRE plan running out of money is not my primary concern....it's running out of time...particularly time with my health intact.

Maizeman's helpful illustration is something I refer to a lot.

One thing we overlook on this site is how challenging the emotional/psychological aspects of the transition to FIRE are. We have all been programmed to work by society so breaking that pattern is hard and we fixated on our fears....primarily running out of money. In that process we ignore arguably more important risks of continuing to work.

If both of you pulling the plug is too hard perhaps one of you can retire and then the other person can do so a year later? Another alternative is for one or both of you to shift to a reduced work week such that you are gaining significant amounts of free time, but not having to draw down your investment accounts. That could be a good middle ground to ease yourself into this major life change.

« Last Edit: September 27, 2017, 08:45:37 AM by Retire-Canada »

homestead neohio

  • Pencil Stache
  • ****
  • Posts: 623
    • Journal - Seeds Sprout
Re: 2018 FIRE cohort
« Reply #529 on: September 27, 2017, 08:54:29 AM »
He also asked me to think about converting to an employee and he needs an answer in early January.

I am ready to hang up my gun and ride off into FIRE, but DW is panicking and wants to work one more year. Real dilemma here!

Any advice?

I suggest you tell him No. Because you will be having this discussion again before the end of March anyway.  Do not create an expectation of further work which you don't need.  Aren't you here from the 2017 thread already?  (I am, too.) 

Is DW freaking out because you are actually not financially ready (where more money would help), or because change is hard and delaying the change means she doesn't have to deal with it yet?  Because if it is the latter, there is a chance she'll never feel ready.  You should focus on what you need to feel ready, and when you get there, FIRE without continually pushing the bar higher via OMY.  Because then you are giving up years of your life to employment you don't need.  If your DW needs more time working to be emotionally ready to FIRE, this doesn't mean you also have to keep working if you are ready.

I read in a journal here recently a reminder that just because you are good at something and someone will pay you a lot of money to do it does not mean it is a good use of your limited time. 

CowboyAndIndian

  • Handlebar Stache
  • *****
  • Posts: 1018
  • Location: NJ, USA
    • KOWines: Deep discount wine/spirits store.
Re: 2018 FIRE cohort
« Reply #530 on: September 27, 2017, 09:15:22 AM »

Without a full case study it would be hard to provide any specific advice about a complex decision like when you and your spouse should retire. I will just say that recently the number of people I know that have died or received life altering diagnosis or been in car accidents with life alter results has been startling. Perhaps that's just getting older and having your social network ageing with you? Regardless it keeps me focused on the fact that time is my most precious resource and that given a reasonable FIRE plan running out of money is not my primary concern....it's running out of time...particularly time with my health intact.

Maizeman's helpful illustration is something I refer to a lot.

One thing we overlook on this site is how challenging the emotional/psychological aspects of the transition to FIRE are. We have all been programmed to work by society so breaking that pattern is hard and we fixated on our fears....primarily running out of money. In that process we ignore arguably more important risks of continuing to work.

If both of you pulling the plug is too hard perhaps one of you can retire and then the other person can do so a year later? Another alternative is for one or both of you to shift to a reduced work week such that you are gaining significant amounts of free time, but not having to draw down your investment accounts. That could be a good middle ground to ease yourself into this major life change.

Good Advice, thank you.

Do not really need a case study for the following reason
  • Zero debt
  • Presently have 30x spending as FIRE assets (not counting house that we will live in or DS2 college education which we have put aside)
  • FIRE assets will be much more (2 income household) by June 2018 which is my planned FIRE date
  • My cFIREsim is showing 100% success rate.

BTW, This is not bare-bones annual FIRE spend but  very lavish spending. DW is not spendy but she went thru bad times growing up, so she is scared. I have showed her our holdings, our risk profile, how we will access retirement money with low taxes (detailed document), but it does not help.


I suggest you tell him No. Because you will be having this discussion again before the end of March anyway.  Do not create an expectation of further work which you don't need. 

Great idea. I think I will follow this path.
Quote
Is DW freaking out because you are actually not financially ready (where more money would help), or because change is hard and delaying the change means she doesn't have to deal with it yet?  Because if it is the latter, there is a chance she'll never feel ready.  You should focus on what you need to feel ready, and when you get there, FIRE without continually pushing the bar higher via OMY.  Because then you are giving up years of your life to employment you don't need.  If your DW needs more time working to be emotionally ready to FIRE, this doesn't mean you also have to keep working if you are ready.

Definitely the latter. Money is not an issue, we have more than enough.

Good points.  I think she needs more time working to be emotionally ready. We might have to FIRE at separate times, waiting for her to get ready.

Thanks for the help. Appreciate it.





homestead neohio

  • Pencil Stache
  • ****
  • Posts: 623
    • Journal - Seeds Sprout
Re: 2018 FIRE cohort
« Reply #531 on: September 27, 2017, 09:26:44 AM »
Definitely the latter. Money is not an issue, we have more than enough.

Good points.  I think she needs more time working to be emotionally ready. We might have to FIRE at separate times, waiting for her to get ready.

I find it helps my DW to hear me acknowledge when things are big and scary, but I'm deciding to push ahead anyway because I've done my homework and am confident things will work out.  In my logical mind the confidence overcomes the feelings, but those feelings are down in the mix if I look for them.  She needs to hear that I have fears, too, and that she is not crazy when feeling afraid of a big change.  If you FIRE first, you are showing her the way, that despite some fears and concerns, it is good and it works.  Not sure if your DW is similar in this way, but thought I'd share in case it helps.

markbike528CBX

  • Bristles
  • ***
  • Posts: 491
  • Location: the Everbrown part of the Evergreen State (WA)
Re: 2018 FIRE cohort
« Reply #532 on: September 27, 2017, 01:39:09 PM »
...snip....

One thing we overlook on this site is how challenging the emotional/psychological aspects of the transition to FIRE are. We have all been programmed to work by society so breaking that pattern is hard and we fixated on our fears....primarily running out of money. In that process we ignore arguably more important risks of continuing to work.


Yep, and despite my big talk, I'm shaky at the knees after letting my boss know my plans. 
Even though he took it really well.

At least my Dad was supportive "you'll find lots to do" , which sort of surprised me.
I thought he'd have some issues with my relative age.  But on the other hand, Dad's retirement has been really good for him.  If he had kept working, the stress was going to kill him in a few years.  17 years later, still going strong.

SwordGuy

  • Magnum Stache
  • ******
  • Posts: 3271
  • Location: Fayetteville, NC
    • Flipping Fayetteville
Re: 2018 FIRE cohort
« Reply #533 on: September 27, 2017, 07:36:52 PM »
Moved myself forward a week.  Decided to be able to cover household chores and such while my wife finishes her last week of teaching and grading.

And I think it's time folks start putting down the days, not just the months, so I'll start!

And, being anal retentive, I put people into date order (with certainty coming before uncertainty) followed by alphabetical order.


01/??/18  FIBy30
01/??/18  MomCPA
01/??/18  Monkey Uncle
01/??/18  NorGirl
01/??/18  PizzaSteve
01/??/18  PrePube
01/??/18  Retire-Canada - downshifted 07/2017
01/??/18  WannaGoOutside OLY, Moved to 2017 cohort
01/??/18  Zinethstache
02/??/18  brooklynguy
03/??/18  Badblackgirl
03/??/18  Cherry Lane
03/??/18  Clean Shaven
03/??/18  homestead neohio
03/??/18  JLTinVA
03/??/18  Sofa King
03/??/18  sol
~03/??/18 Caoineag
~03/??/18 Gimesalot
04/??/18  Aegishjalmur
04/??/18  Calvin
04/??/18  DTaggart
04/??/18  FernFree
04/??/18  Gooki
04/??/18  LateStarter
04/??/18  MandyM - Class of 2017
04/??/18  NinetyFour
04/??/18  ZiziPB
~04/??/18 HappyMargo
~04/??/18 Mother Fussbudget
05/01/18  SwordGuy
05/08/18  SwordGuy DW
05/??/18  Alim Nassor
05/??/18  wordnerd
~05/??/18 honeyfill
~05/??/18 Markbike528CBX
06/??/18  Albireo13
06/??/18  aperture
06/??/18  Cheddar Stacker
06/??/18  CowboyAndIndian
06/??/18  DavisGang90
06/??/18  dbtx
06/??/18  Omalley
06/??/18  poppydog
06/??/18  randomgiraffe
06/??/18  SwissMiss
~06/??/18 Pylortes
07/??/18  AussieGirl
07/??/18  ChasesFish
07/??/18  Mr Griz
~07/??/18 BackAndForth
~07/??/18 cerat0n1a
~07/??/18 Freshwater
~07/??/18 SnidelyWhiplashStache
08/??/18  Mr Mark
08/??/18  NorCalistache
08/??/18  SpreadsheetMan DW - OMY, moved to 2019 cohort.
10/??/18  Fire1018
10/??/18  Happy
10/??/18  Irishtache
10/??/18  patches
11/??/18  DeSteeg
11/??/18  Kris
12/??/18  EnjoyIt
12/??/18  yoda34
??/??/18  Blindsquirrel
??/??/18  Michread
??/??/18  Minnesota_mom
??/??/18  OzBeach -- WIGLO (When I Get Laid Off)
??/??/18  thriftycanadian


ZiziPB

  • Magnum Stache
  • ******
  • Posts: 2558
  • Location: CT for now...
Re: 2018 FIRE cohort
« Reply #534 on: September 27, 2017, 07:43:12 PM »
Moved myself forward a week.  Decided to be able to cover household chores and such while my wife finishes her last week of teaching and grading.

And I think it's time folks start putting down the days, not just the months, so I'll start!

And, being anal retentive, I put people into date order (with certainty coming before uncertainty) followed by alphabetical order.


01/??/18  FIBy30
01/??/18  MomCPA
01/??/18  Monkey Uncle
01/??/18  NorGirl
01/??/18  PizzaSteve
01/??/18  PrePube
01/??/18  Retire-Canada - downshifted 07/2017
01/??/18  WannaGoOutside OLY, Moved to 2017 cohort
01/??/18  Zinethstache
02/??/18  brooklynguy
03/??/18  Badblackgirl
03/??/18  Cherry Lane
03/??/18  Clean Shaven
03/??/18  homestead neohio
03/??/18  JLTinVA
03/??/18  Sofa King
03/??/18  sol
~03/??/18 Caoineag
~03/??/18 Gimesalot
04/??/18  Aegishjalmur
04/??/18  Calvin
04/??/18  DTaggart
04/??/18  FernFree
04/??/18  Gooki
04/??/18  LateStarter
04/??/18  MandyM - Class of 2017
04/??/18  NinetyFour
04/01/18  ZiziPB
~04/??/18 HappyMargo
~04/??/18 Mother Fussbudget
05/01/18  SwordGuy
05/08/18  SwordGuy DW
05/??/18  Alim Nassor
05/??/18  wordnerd
~05/??/18 honeyfill
~05/??/18 Markbike528CBX
06/??/18  Albireo13
06/??/18  aperture
06/??/18  Cheddar Stacker
06/??/18  CowboyAndIndian
06/??/18  DavisGang90
06/??/18  dbtx
06/??/18  Omalley
06/??/18  poppydog
06/??/18  randomgiraffe
06/??/18  SwissMiss
~06/??/18 Pylortes
07/??/18  AussieGirl
07/??/18  ChasesFish
07/??/18  Mr Griz
~07/??/18 BackAndForth
~07/??/18 cerat0n1a
~07/??/18 Freshwater
~07/??/18 SnidelyWhiplashStache
08/??/18  Mr Mark
08/??/18  NorCalistache
08/??/18  SpreadsheetMan DW - OMY, moved to 2019 cohort.
10/??/18  Fire1018
10/??/18  Happy
10/??/18  Irishtache
10/??/18  patches
11/??/18  DeSteeg
11/??/18  Kris
12/??/18  EnjoyIt
12/??/18  yoda34
??/??/18  Blindsquirrel
??/??/18  Michread
??/??/18  Minnesota_mom
??/??/18  OzBeach -- WIGLO (When I Get Laid Off)
??/??/18  thriftycanadian

It's April 1 for me, so you'll need to move me up despite the "z" :-)



SwordGuy

  • Magnum Stache
  • ******
  • Posts: 3271
  • Location: Fayetteville, NC
    • Flipping Fayetteville
Re: 2018 FIRE cohort
« Reply #535 on: September 27, 2017, 08:01:51 PM »

01/??/18  FIBy30
01/??/18  MomCPA
01/??/18  Monkey Uncle
01/??/18  NorGirl
01/??/18  PizzaSteve
01/??/18  PrePube
01/??/18  Retire-Canada - downshifted 07/2017
01/??/18  WannaGoOutside OLY, Moved to 2017 cohort
01/??/18  Zinethstache
02/??/18  brooklynguy
03/??/18  Badblackgirl
03/??/18  Cherry Lane
03/??/18  Clean Shaven
03/??/18  homestead neohio
03/??/18  JLTinVA
03/??/18  Sofa King
03/??/18  sol
~03/??/18 Caoineag
~03/??/18 Gimesalot
04/01/18  ZiziPB
04/??/18  Aegishjalmur
04/??/18  Calvin
04/??/18  DTaggart
04/??/18  FernFree
04/??/18  Gooki
04/??/18  LateStarter
04/??/18  MandyM - Class of 2017
04/??/18  NinetyFour
~04/??/18 HappyMargo
~04/??/18 Mother Fussbudget
05/01/18  SwordGuy
05/08/18  SwordGuy DW
05/??/18  Alim Nassor
05/??/18  wordnerd
~05/??/18 honeyfill
~05/??/18 Markbike528CBX
06/??/18  Albireo13
06/??/18  aperture
06/??/18  Cheddar Stacker
06/??/18  CowboyAndIndian
06/??/18  DavisGang90
06/??/18  dbtx
06/??/18  Omalley
06/??/18  poppydog
06/??/18  randomgiraffe
06/??/18  SwissMiss
~06/??/18 Pylortes
07/??/18  AussieGirl
07/??/18  ChasesFish
07/??/18  Mr Griz
~07/??/18 BackAndForth
~07/??/18 cerat0n1a
~07/??/18 Freshwater
~07/??/18 SnidelyWhiplashStache
08/??/18  Mr Mark
08/??/18  NorCalistache
08/??/18  SpreadsheetMan DW - OMY, moved to 2019 cohort.
10/??/18  Fire1018
10/??/18  Happy
10/??/18  Irishtache
10/??/18  patches
11/??/18  DeSteeg
11/??/18  Kris
12/??/18  EnjoyIt
12/??/18  yoda34
??/??/18  Blindsquirrel
??/??/18  Michread
??/??/18  Minnesota_mom
??/??/18  OzBeach -- WIGLO (When I Get Laid Off)
??/??/18  thriftycanadian


Cherry Lane

  • Pencil Stache
  • ****
  • Posts: 768
  • Location: Virginia
Re: 2018 FIRE cohort
« Reply #536 on: September 27, 2017, 08:10:32 PM »
Adding my day

01/??/18  FIBy30
01/??/18  MomCPA
01/??/18  Monkey Uncle
01/??/18  NorGirl
01/??/18  PizzaSteve
01/??/18  PrePube
01/??/18  Retire-Canada - downshifted 07/2017
01/??/18  WannaGoOutside OLY, Moved to 2017 cohort
01/??/18  Zinethstache
02/??/18  brooklynguy
03/??/18  Badblackgirl
03/16/18  Cherry Lane
03/??/18  Clean Shaven
03/??/18  homestead neohio
03/??/18  JLTinVA
03/??/18  Sofa King
03/??/18  sol
~03/??/18 Caoineag
~03/??/18 Gimesalot
04/01/18  ZiziPB
04/??/18  Aegishjalmur
04/??/18  Calvin
04/??/18  DTaggart
04/??/18  FernFree
04/??/18  Gooki
04/??/18  LateStarter
04/??/18  MandyM - Class of 2017
04/??/18  NinetyFour
~04/??/18 HappyMargo
~04/??/18 Mother Fussbudget
05/01/18  SwordGuy
05/08/18  SwordGuy DW
05/??/18  Alim Nassor
05/??/18  wordnerd
~05/??/18 honeyfill
~05/??/18 Markbike528CBX
06/??/18  Albireo13
06/??/18  aperture
06/??/18  Cheddar Stacker
06/??/18  CowboyAndIndian
06/??/18  DavisGang90
06/??/18  dbtx
06/??/18  Omalley
06/??/18  poppydog
06/??/18  randomgiraffe
06/??/18  SwissMiss
~06/??/18 Pylortes
07/??/18  AussieGirl
07/??/18  ChasesFish
07/??/18  Mr Griz
~07/??/18 BackAndForth
~07/??/18 cerat0n1a
~07/??/18 Freshwater
~07/??/18 SnidelyWhiplashStache
08/??/18  Mr Mark
08/??/18  NorCalistache
08/??/18  SpreadsheetMan DW - OMY, moved to 2019 cohort.
10/??/18  Fire1018
10/??/18  Happy
10/??/18  Irishtache
10/??/18  patches
11/??/18  DeSteeg
11/??/18  Kris
12/??/18  EnjoyIt
12/??/18  yoda34
??/??/18  Blindsquirrel
??/??/18  Michread
??/??/18  Minnesota_mom
??/??/18  OzBeach -- WIGLO (When I Get Laid Off)
??/??/18  thriftycanadian


Gimesalot

  • Pencil Stache
  • ****
  • Posts: 565
Re: 2018 FIRE cohort
« Reply #537 on: September 27, 2017, 08:23:51 PM »

There's no way I am making it until March.  I have updated my date accordingly.

01/05/18  Gimesalot
01/??/18  FIBy30
01/??/18  MomCPA
01/??/18  Monkey Uncle
01/??/18  NorGirl
01/??/18  PizzaSteve
01/??/18  PrePube
01/??/18  Retire-Canada - downshifted 07/2017
01/??/18  WannaGoOutside OLY, Moved to 2017 cohort
01/??/18  Zinethstache
02/??/18  brooklynguy
03/??/18  Badblackgirl
03/16/18  Cherry Lane
03/??/18  Clean Shaven
03/??/18  homestead neohio
03/??/18  JLTinVA
03/??/18  Sofa King
03/??/18  sol
~03/??/18 Caoineag
04/01/18  ZiziPB
04/??/18  Aegishjalmur
04/??/18  Calvin
04/??/18  DTaggart
04/??/18  FernFree
04/??/18  Gooki
04/??/18  LateStarter
04/??/18  MandyM - Class of 2017
04/??/18  NinetyFour
~04/??/18 HappyMargo
~04/??/18 Mother Fussbudget
05/01/18  SwordGuy
05/08/18  SwordGuy DW
05/??/18  Alim Nassor
05/??/18  wordnerd
~05/??/18 honeyfill
~05/??/18 Markbike528CBX
06/??/18  Albireo13
06/??/18  aperture
06/??/18  Cheddar Stacker
06/??/18  CowboyAndIndian
06/??/18  DavisGang90
06/??/18  dbtx
06/??/18  Omalley
06/??/18  poppydog
06/??/18  randomgiraffe
06/??/18  SwissMiss
~06/??/18 Pylortes
07/??/18  AussieGirl
07/??/18  ChasesFish
07/??/18  Mr Griz
~07/??/18 BackAndForth
~07/??/18 cerat0n1a
~07/??/18 Freshwater
~07/??/18 SnidelyWhiplashStache
08/??/18  Mr Mark
08/??/18  NorCalistache
08/??/18  SpreadsheetMan DW - OMY, moved to 2019 cohort.
10/??/18  Fire1018
10/??/18  Happy
10/??/18  Irishtache
10/??/18  patches
11/??/18  DeSteeg
11/??/18  Kris
12/??/18  EnjoyIt
12/??/18  yoda34
??/??/18  Blindsquirrel
??/??/18  Michread
??/??/18  Minnesota_mom
??/??/18  OzBeach -- WIGLO (When I Get Laid Off)
??/??/18  thriftycanadian


Tonight is the first of many moments of truth!  The Airbnb we will call home in Montreal will probably get booked tonight.

DTaggart

  • Stubble
  • **
  • Posts: 210
Re: 2018 FIRE cohort
« Reply #538 on: September 27, 2017, 08:32:14 PM »
I'm moving my date up too, from April to Feb 1st! Four more months, shit's gettin' real :)

01/05/18  Gimesalot
01/??/18  FIBy30
01/??/18  MomCPA
01/??/18  Monkey Uncle
01/??/18  NorGirl
01/??/18  PizzaSteve
01/??/18  PrePube
01/??/18  Retire-Canada - downshifted 07/2017
01/??/18  WannaGoOutside OLY, Moved to 2017 cohort
01/??/18  Zinethstache
02/01/18  DTaggart
02/??/18  brooklynguy
03/??/18  Badblackgirl
03/16/18  Cherry Lane
03/??/18  Clean Shaven
03/??/18  homestead neohio
03/??/18  JLTinVA
03/??/18  Sofa King
03/??/18  sol
~03/??/18 Caoineag
04/01/18  ZiziPB
04/??/18  Aegishjalmur
04/??/18  Calvin
04/??/18  FernFree
04/??/18  Gooki
04/??/18  LateStarter
04/??/18  MandyM - Class of 2017
04/??/18  NinetyFour
~04/??/18 HappyMargo
~04/??/18 Mother Fussbudget
05/01/18  SwordGuy
05/08/18  SwordGuy DW
05/??/18  Alim Nassor
05/??/18  wordnerd
~05/??/18 honeyfill
~05/??/18 Markbike528CBX
06/??/18  Albireo13
06/??/18  aperture
06/??/18  Cheddar Stacker
06/??/18  CowboyAndIndian
06/??/18  DavisGang90
06/??/18  dbtx
06/??/18  Omalley
06/??/18  poppydog
06/??/18  randomgiraffe
06/??/18  SwissMiss
~06/??/18 Pylortes
07/??/18  AussieGirl
07/??/18  ChasesFish
07/??/18  Mr Griz
~07/??/18 BackAndForth
~07/??/18 cerat0n1a
~07/??/18 Freshwater
~07/??/18 SnidelyWhiplashStache
08/??/18  Mr Mark
08/??/18  NorCalistache
08/??/18  SpreadsheetMan DW - OMY, moved to 2019 cohort.
10/??/18  Fire1018
10/??/18  Happy
10/??/18  Irishtache
10/??/18  patches
11/??/18  DeSteeg
11/??/18  Kris
12/??/18  EnjoyIt
12/??/18  yoda34
??/??/18  Blindsquirrel
??/??/18  Michread
??/??/18  Minnesota_mom
??/??/18  OzBeach -- WIGLO (When I Get Laid Off)
??/??/18  thriftycanadian

sol

  • Walrus Stache
  • *******
  • Posts: 5413
  • Age: 40
  • Location: Pacific Northwest
Re: 2018 FIRE cohort
« Reply #539 on: September 27, 2017, 08:33:05 PM »
Updated.


01/05/18  Gimesalot
01/??/18  FIBy30
01/??/18  MomCPA
01/??/18  Monkey Uncle
01/??/18  NorGirl
01/??/18  PizzaSteve
01/??/18  PrePube
01/??/18  Retire-Canada - downshifted 07/2017
01/??/18  WannaGoOutside OLY, Moved to 2017 cohort
01/??/18  Zinethstache
02/??/18  brooklynguy
03/??/18  Badblackgirl
03/16/18  Cherry Lane
03/??/18  Clean Shaven
03/??/18  homestead neohio
03/??/18  JLTinVA
03/??/18  Sofa King
03/30/18  sol
~03/??/18 Caoineag
04/01/18  ZiziPB
04/??/18  Aegishjalmur
04/??/18  Calvin
04/??/18  DTaggart
04/??/18  FernFree
04/??/18  Gooki
04/??/18  LateStarter
04/??/18  MandyM - Class of 2017
04/??/18  NinetyFour
~04/??/18 HappyMargo
~04/??/18 Mother Fussbudget
05/01/18  SwordGuy
05/08/18  SwordGuy DW
05/??/18  Alim Nassor
05/??/18  wordnerd
~05/??/18 honeyfill
~05/??/18 Markbike528CBX
06/??/18  Albireo13
06/??/18  aperture
06/??/18  Cheddar Stacker
06/??/18  CowboyAndIndian
06/??/18  DavisGang90
06/??/18  dbtx
06/??/18  Omalley
06/??/18  poppydog
06/??/18  randomgiraffe
06/??/18  SwissMiss
~06/??/18 Pylortes
07/??/18  AussieGirl
07/??/18  ChasesFish
07/??/18  Mr Griz
~07/??/18 BackAndForth
~07/??/18 cerat0n1a
~07/??/18 Freshwater
~07/??/18 SnidelyWhiplashStache
08/??/18  Mr Mark
08/??/18  NorCalistache
08/??/18  SpreadsheetMan DW - OMY, moved to 2019 cohort.
10/??/18  Fire1018
10/??/18  Happy
10/??/18  Irishtache
10/??/18  patches
11/??/18  DeSteeg
11/??/18  Kris
12/??/18  EnjoyIt
12/??/18  yoda34
??/??/18  Blindsquirrel
??/??/18  Michread
??/??/18  Minnesota_mom
??/??/18  OzBeach -- WIGLO (When I Get Laid Off)
??/??/18  thriftycanadian


aperture

  • Bristles
  • ***
  • Posts: 367
  • Location: Denver
Re: 2018 FIRE cohort
« Reply #540 on: September 28, 2017, 06:37:37 AM »

01/05/18  Gimesalot
01/??/18  FIBy30
01/??/18  MomCPA
01/??/18  Monkey Uncle
01/??/18  NorGirl
01/??/18  PizzaSteve
01/??/18  PrePube
01/??/18  Retire-Canada - downshifted 07/2017
01/??/18  WannaGoOutside OLY, Moved to 2017 cohort
01/??/18  Zinethstache
02/??/18  brooklynguy
03/??/18  Badblackgirl
03/16/18  Cherry Lane
03/??/18  Clean Shaven
03/??/18  homestead neohio
03/??/18  JLTinVA
03/??/18  Sofa King
03/30/18  sol
~03/??/18 Caoineag
04/01/18  ZiziPB
04/??/18  Aegishjalmur
04/??/18  Calvin
04/??/18  DTaggart
04/??/18  FernFree
04/??/18  Gooki
04/??/18  LateStarter
04/??/18  MandyM - Class of 2017
04/??/18  NinetyFour
~04/??/18 HappyMargo
~04/??/18 Mother Fussbudget
05/01/18  SwordGuy
05/08/18  SwordGuy DW
05/??/18  Alim Nassor
05/??/18  wordnerd
~05/??/18 honeyfill
~05/??/18 Markbike528CBX
06/??/18  Albireo13
06/29/18  aperture
06/??/18  Cheddar Stacker
06/??/18  CowboyAndIndian
06/??/18  DavisGang90
06/??/18  dbtx
06/??/18  Omalley
06/??/18  poppydog
06/??/18  randomgiraffe
06/??/18  SwissMiss
~06/??/18 Pylortes
07/??/18  AussieGirl
07/??/18  ChasesFish
07/??/18  Mr Griz
~07/??/18 BackAndForth
~07/??/18 cerat0n1a
~07/??/18 Freshwater
~07/??/18 SnidelyWhiplashStache
08/??/18  Mr Mark
08/??/18  NorCalistache
08/??/18  SpreadsheetMan DW - OMY, moved to 2019 cohort.
10/??/18  Fire1018
10/??/18  Happy
10/??/18  Irishtache
10/??/18  patches
11/??/18  DeSteeg
11/??/18  Kris
12/??/18  EnjoyIt
12/??/18  yoda34
??/??/18  Blindsquirrel
??/??/18  Michread
??/??/18  Minnesota_mom
??/??/18  OzBeach -- WIGLO (When I Get Laid Off)
??/??/18  thriftycanadian


semiretired31

  • 5 O'Clock Shadow
  • *
  • Posts: 63
Re: 2018 FIRE cohort
« Reply #541 on: September 28, 2017, 07:07:20 AM »
Chiming in here... I'm in the 2031 group.  But, it's just fun to see the conversations this group is having at this point in the game.  Good on ya! 

brooklynguy

  • Handlebar Stache
  • *****
  • Posts: 2101
  • Age: 37
Re: 2018 FIRE cohort
« Reply #542 on: September 28, 2017, 07:10:55 AM »
Here’s mine.  Somehow, the closer it gets, the further away it feels.


01/05/18  Gimesalot
01/??/18  FIBy30
01/??/18  MomCPA
01/??/18  Monkey Uncle
01/??/18  NorGirl
01/??/18  PizzaSteve
01/??/18  PrePube
01/??/18  Retire-Canada - downshifted 07/2017
01/??/18  WannaGoOutside OLY, Moved to 2017 cohort
01/??/18  Zinethstache
02/28/18  brooklynguy
03/??/18  Badblackgirl
03/16/18  Cherry Lane
03/??/18  Clean Shaven
03/??/18  homestead neohio
03/??/18  JLTinVA
03/??/18  Sofa King
03/30/18  sol
~03/??/18 Caoineag
04/01/18  ZiziPB
04/??/18  Aegishjalmur
04/??/18  Calvin
04/??/18  DTaggart
04/??/18  FernFree
04/??/18  Gooki
04/??/18  LateStarter
04/??/18  MandyM - Class of 2017
04/??/18  NinetyFour
~04/??/18 HappyMargo
~04/??/18 Mother Fussbudget
05/01/18  SwordGuy
05/08/18  SwordGuy DW
05/??/18  Alim Nassor
05/??/18  wordnerd
~05/??/18 honeyfill
~05/??/18 Markbike528CBX
06/??/18  Albireo13
06/29/18  aperture
06/??/18  Cheddar Stacker
06/??/18  CowboyAndIndian
06/??/18  DavisGang90
06/??/18  dbtx
06/??/18  Omalley
06/??/18  poppydog
06/??/18  randomgiraffe
06/??/18  SwissMiss
~06/??/18 Pylortes
07/??/18  AussieGirl
07/??/18  ChasesFish
07/??/18  Mr Griz
~07/??/18 BackAndForth
~07/??/18 cerat0n1a
~07/??/18 Freshwater
~07/??/18 SnidelyWhiplashStache
08/??/18  Mr Mark
08/??/18  NorCalistache
08/??/18  SpreadsheetMan DW - OMY, moved to 2019 cohort.
10/??/18  Fire1018
10/??/18  Happy
10/??/18  Irishtache
10/??/18  patches
11/??/18  DeSteeg
11/??/18  Kris
12/??/18  EnjoyIt
12/??/18  yoda34
??/??/18  Blindsquirrel
??/??/18  Michread
??/??/18  Minnesota_mom
??/??/18  OzBeach -- WIGLO (When I Get Laid Off)
??/??/18  thriftycanadian

MandyM

  • Pencil Stache
  • ****
  • Posts: 541
  • Location: Lexington, KY
Re: 2018 FIRE cohort
« Reply #543 on: September 28, 2017, 07:34:28 AM »

Without a full case study it would be hard to provide any specific advice about a complex decision like when you and your spouse should retire. I will just say that recently the number of people I know that have died or received life altering diagnosis or been in car accidents with life alter results has been startling. Perhaps that's just getting older and having your social network ageing with you? Regardless it keeps me focused on the fact that time is my most precious resource and that given a reasonable FIRE plan running out of money is not my primary concern....it's running out of time...particularly time with my health intact.

Maizeman's helpful illustration is something I refer to a lot.

One thing we overlook on this site is how challenging the emotional/psychological aspects of the transition to FIRE are. We have all been programmed to work by society so breaking that pattern is hard and we fixated on our fears....primarily running out of money. In that process we ignore arguably more important risks of continuing to work.

If both of you pulling the plug is too hard perhaps one of you can retire and then the other person can do so a year later? Another alternative is for one or both of you to shift to a reduced work week such that you are gaining significant amounts of free time, but not having to draw down your investment accounts. That could be a good middle ground to ease yourself into this major life change.

Good Advice, thank you.

Do not really need a case study for the following reason
  • Zero debt
  • Presently have 30x spending as FIRE assets (not counting house that we will live in or DS2 college education which we have put aside)
  • FIRE assets will be much more (2 income household) by June 2018 which is my planned FIRE date
  • My cFIREsim is showing 100% success rate.

BTW, This is not bare-bones annual FIRE spend but  very lavish spending. DW is not spendy but she went thru bad times growing up, so she is scared. I have showed her our holdings, our risk profile, how we will access retirement money with low taxes (detailed document), but it does not help.


I suggest you tell him No. Because you will be having this discussion again before the end of March anyway.  Do not create an expectation of further work which you don't need. 

Great idea. I think I will follow this path.
Quote
Is DW freaking out because you are actually not financially ready (where more money would help), or because change is hard and delaying the change means she doesn't have to deal with it yet?  Because if it is the latter, there is a chance she'll never feel ready.  You should focus on what you need to feel ready, and when you get there, FIRE without continually pushing the bar higher via OMY.  Because then you are giving up years of your life to employment you don't need.  If your DW needs more time working to be emotionally ready to FIRE, this doesn't mean you also have to keep working if you are ready.

Definitely the latter. Money is not an issue, we have more than enough.

Good points.  I think she needs more time working to be emotionally ready. We might have to FIRE at separate times, waiting for her to get ready.

Thanks for the help. Appreciate it.
Have you and your wife talked about contingency plans? As in, what happens if your investment balance dips below $X? And what is $X? Perhaps having a clear view of how to spot and fix a problem will help her. Especially because its likely a very small, short lived income would correct an early problem.
"Freedom lies in being bold." -Robert Frost

davisgang90

  • Handlebar Stache
  • *****
  • Posts: 1032
  • Location: NoVa
    • Chart prepping
Re: 2018 FIRE cohort
« Reply #544 on: September 28, 2017, 08:24:53 AM »
Less than 9 months, date is confirmed June 15th, guest speaker confirmed.

01/05/18  Gimesalot
01/??/18  FIBy30
01/??/18  MomCPA
01/??/18  Monkey Uncle
01/??/18  NorGirl
01/??/18  PizzaSteve
01/??/18  PrePube
01/??/18  Retire-Canada - downshifted 07/2017
01/??/18  WannaGoOutside OLY, Moved to 2017 cohort
01/??/18  Zinethstache
02/28/18  brooklynguy
03/??/18  Badblackgirl
03/16/18  Cherry Lane
03/??/18  Clean Shaven
03/??/18  homestead neohio
03/??/18  JLTinVA
03/??/18  Sofa King
03/30/18  sol
~03/??/18 Caoineag
04/01/18  ZiziPB
04/??/18  Aegishjalmur
04/??/18  Calvin
04/??/18  DTaggart
04/??/18  FernFree
04/??/18  Gooki
04/??/18  LateStarter
04/??/18  MandyM - Class of 2017
04/??/18  NinetyFour
~04/??/18 HappyMargo
~04/??/18 Mother Fussbudget
05/01/18  SwordGuy
05/08/18  SwordGuy DW
05/??/18  Alim Nassor
05/??/18  wordnerd
~05/??/18 honeyfill
~05/??/18 Markbike528CBX
06/??/18  Albireo13
06/29/18  aperture
06/??/18  Cheddar Stacker
06/??/18  CowboyAndIndian
06/15/18  DavisGang90
06/??/18  dbtx
06/??/18  Omalley
06/??/18  poppydog
06/??/18  randomgiraffe
06/??/18  SwissMiss
~06/??/18 Pylortes
07/??/18  AussieGirl
07/??/18  ChasesFish
07/??/18  Mr Griz
~07/??/18 BackAndForth
~07/??/18 cerat0n1a
~07/??/18 Freshwater
~07/??/18 SnidelyWhiplashStache
08/??/18  Mr Mark
08/??/18  NorCalistache
08/??/18  SpreadsheetMan DW - OMY, moved to 2019 cohort.
10/??/18  Fire1018
10/??/18  Happy
10/??/18  Irishtache
10/??/18  patches
11/??/18  DeSteeg
11/??/18  Kris
12/??/18  EnjoyIt
12/??/18  yoda34
??/??/18  Blindsquirrel
??/??/18  Michread
??/??/18  Minnesota_mom
??/??/18  OzBeach -- WIGLO (When I Get Laid Off)
??/??/18  thriftycanadian
Check out my blog.  Early retirement from a military perspective.

http://chartprepping.com




homestead neohio

  • Pencil Stache
  • ****
  • Posts: 623
    • Journal - Seeds Sprout
Re: 2018 FIRE cohort
« Reply #545 on: September 28, 2017, 08:36:06 AM »
Updated with my date, I'm 3/31/18, WIGLO.

01/05/18  Gimesalot
01/??/18  FIBy30
01/??/18  MomCPA
01/??/18  Monkey Uncle
01/??/18  NorGirl
01/??/18  PizzaSteve
01/??/18  PrePube
01/??/18  Retire-Canada - downshifted 07/2017
01/??/18  WannaGoOutside OLY, Moved to 2017 cohort
01/??/18  Zinethstache
02/28/18  brooklynguy
03/??/18  Badblackgirl
03/16/18  Cherry Lane
03/??/18  Clean Shaven
03/??/18  JLTinVA
03/??/18  Sofa King
03/30/18  sol
03/31/18  homestead neohio
~03/??/18 Caoineag
04/01/18  ZiziPB
04/??/18  Aegishjalmur
04/??/18  Calvin
04/??/18  DTaggart
04/??/18  FernFree
04/??/18  Gooki
04/??/18  LateStarter
04/??/18  MandyM - Class of 2017
04/??/18  NinetyFour
~04/??/18 HappyMargo
~04/??/18 Mother Fussbudget
05/01/18  SwordGuy
05/08/18  SwordGuy DW
05/??/18  Alim Nassor
05/??/18  wordnerd
~05/??/18 honeyfill
~05/??/18 Markbike528CBX
06/??/18  Albireo13
06/29/18  aperture
06/??/18  Cheddar Stacker
06/??/18  CowboyAndIndian
06/15/18  DavisGang90
06/??/18  dbtx
06/??/18  Omalley
06/??/18  poppydog
06/??/18  randomgiraffe
06/??/18  SwissMiss
~06/??/18 Pylortes
07/??/18  AussieGirl
07/??/18  ChasesFish
07/??/18  Mr Griz
~07/??/18 BackAndForth
~07/??/18 cerat0n1a
~07/??/18 Freshwater
~07/??/18 SnidelyWhiplashStache
08/??/18  Mr Mark
08/??/18  NorCalistache
08/??/18  SpreadsheetMan DW - OMY, moved to 2019 cohort.
10/??/18  Fire1018
10/??/18  Happy
10/??/18  Irishtache
10/??/18  patches
11/??/18  DeSteeg
11/??/18  Kris
12/??/18  EnjoyIt
12/??/18  yoda34
??/??/18  Blindsquirrel
??/??/18  Michread
??/??/18  Minnesota_mom
??/??/18  OzBeach -- WIGLO (When I Get Laid Off)
??/??/18  thriftycanadian

Retire-Canada

  • Magnum Stache
  • ******
  • Posts: 4589
Re: 2018 FIRE cohort
« Reply #546 on: September 28, 2017, 10:45:58 AM »
Crossed out my entry out below. I was planning on downshifting at the start of 2018 and it happened early in 2017.

01/05/18  Gimesalot
01/??/18  FIBy30
01/??/18  MomCPA
01/??/18  Monkey Uncle
01/??/18  NorGirl
01/??/18  PizzaSteve
01/??/18  PrePube
01/??/18  Retire-Canada - downshifted 07/2017
01/??/18  WannaGoOutside OLY, Moved to 2017 cohort
01/??/18  Zinethstache
02/28/18  brooklynguy
03/??/18  Badblackgirl
03/16/18  Cherry Lane
03/??/18  Clean Shaven
03/??/18  JLTinVA
03/??/18  Sofa King
03/30/18  sol
03/31/18  homestead neohio
~03/??/18 Caoineag
04/01/18  ZiziPB
04/??/18  Aegishjalmur
04/??/18  Calvin
04/??/18  DTaggart
04/??/18  FernFree
04/??/18  Gooki
04/??/18  LateStarter
04/??/18  MandyM - Class of 2017
04/??/18  NinetyFour
~04/??/18 HappyMargo
~04/??/18 Mother Fussbudget
05/01/18  SwordGuy
05/08/18  SwordGuy DW
05/??/18  Alim Nassor
05/??/18  wordnerd
~05/??/18 honeyfill
~05/??/18 Markbike528CBX
06/??/18  Albireo13
06/29/18  aperture
06/??/18  Cheddar Stacker
06/??/18  CowboyAndIndian
06/15/18  DavisGang90
06/??/18  dbtx
06/??/18  Omalley
06/??/18  poppydog
06/??/18  randomgiraffe
06/??/18  SwissMiss
~06/??/18 Pylortes
07/??/18  AussieGirl
07/??/18  ChasesFish
07/??/18  Mr Griz
~07/??/18 BackAndForth
~07/??/18 cerat0n1a
~07/??/18 Freshwater
~07/??/18 SnidelyWhiplashStache
08/??/18  Mr Mark
08/??/18  NorCalistache
08/??/18  SpreadsheetMan DW - OMY, moved to 2019 cohort.
10/??/18  Fire1018
10/??/18  Happy
10/??/18  Irishtache
10/??/18  patches
11/??/18  DeSteeg
11/??/18  Kris
12/??/18  EnjoyIt
12/??/18  yoda34
??/??/18  Blindsquirrel
??/??/18  Michread
??/??/18  Minnesota_mom
??/??/18  OzBeach -- WIGLO (When I Get Laid Off)
??/??/18  thriftycanadian

NinetyFour

  • Magnum Stache
  • ******
  • Posts: 4694
  • Location: Southwestern US
  • 183 days until Freedom!
Re: 2018 FIRE cohort
« Reply #547 on: September 28, 2017, 11:13:09 AM »
My last day teaching classes will be 4/20/18, but I will get paid through 6/30/18.  So I am focusing on the 4/20 date, because after that I will basically be free (except for grading final exams--which will be fine because I will be basically be ecstatic at that point!!!).

01/05/18  Gimesalot
01/??/18  FIBy30
01/??/18  MomCPA
01/??/18  Monkey Uncle
01/??/18  NorGirl
01/??/18  PizzaSteve
01/??/18  PrePube
01/??/18  Retire-Canada - downshifted 07/2017
01/??/18  WannaGoOutside OLY, Moved to 2017 cohort
01/??/18  Zinethstache
02/28/18  brooklynguy
03/??/18  Badblackgirl
03/16/18  Cherry Lane
03/??/18  Clean Shaven
03/??/18  JLTinVA
03/??/18  Sofa King
03/30/18  sol
03/31/18  homestead neohio
~03/??/18 Caoineag
04/01/18  ZiziPB
04/??/18  Aegishjalmur
04/??/18  Calvin
04/??/18  DTaggart
04/??/18  FernFree
04/??/18  Gooki
04/??/18  LateStarter
04/??/18  MandyM - Class of 2017
04/20/18  NinetyFour
~04/??/18 HappyMargo
~04/??/18 Mother Fussbudget
05/01/18  SwordGuy
05/08/18  SwordGuy DW
05/??/18  Alim Nassor
05/??/18  wordnerd
~05/??/18 honeyfill
~05/??/18 Markbike528CBX
06/??/18  Albireo13
06/29/18  aperture
06/??/18  Cheddar Stacker
06/??/18  CowboyAndIndian
06/15/18  DavisGang90
06/??/18  dbtx
06/??/18  Omalley
06/??/18  poppydog
06/??/18  randomgiraffe
06/??/18  SwissMiss
~06/??/18 Pylortes
07/??/18  AussieGirl
07/??/18  ChasesFish
07/??/18  Mr Griz
~07/??/18 BackAndForth
~07/??/18 cerat0n1a
~07/??/18 Freshwater
~07/??/18 SnidelyWhiplashStache
08/??/18  Mr Mark
08/??/18  NorCalistache
08/??/18  SpreadsheetMan DW - OMY, moved to 2019 cohort.
10/??/18  Fire1018
10/??/18  Happy
10/??/18  Irishtache
10/??/18  patches
11/??/18  DeSteeg
11/??/18  Kris
12/??/18  EnjoyIt
12/??/18  yoda34
??/??/18  Blindsquirrel
??/??/18  Michread
??/??/18  Minnesota_mom
??/??/18  OzBeach -- WIGLO (When I Get Laid Off)
??/??/18  thriftycanadian
My Journal

Countdown to Freedom:  183 days; 21 weeks of classes; 62 days of classes

SwordGuy

  • Magnum Stache
  • ******
  • Posts: 3271
  • Location: Fayetteville, NC
    • Flipping Fayetteville
Re: 2018 FIRE cohort
« Reply #548 on: September 28, 2017, 06:21:54 PM »
07/??/17  Retire-Canada - OLY
----------
01/05/18  Gimesalot
01/??/18  FIBy30
01/??/18  MomCPA
01/??/18  Monkey Uncle
01/??/18  NorGirl
01/??/18  PizzaSteve
01/??/18  PrePube
01/??/18  WannaGoOutside OLY, Moved to 2017 cohort
01/??/18  Zinethstache
02/28/18  brooklynguy
03/16/18  Cherry Lane
03/30/18  sol
03/31/18  homestead neohio
03/??/18  Badblackgirl
03/??/18  Clean Shaven
03/??/18  JLTinVA
03/??/18  Sofa King
~03/??/18 Caoineag
04/01/18  ZiziPB
04/20/18  NinetyFour
04/??/18  Aegishjalmur
04/??/18  Calvin
04/??/18  DTaggart
04/??/18  FernFree
04/??/18  Gooki
04/??/18  LateStarter
04/??/18  MandyM - Class of 2017
~04/??/18 HappyMargo
~04/??/18 Mother Fussbudget
05/01/18  SwordGuy
05/08/18  SwordGuy DW
05/??/18  Alim Nassor
05/??/18  wordnerd
~05/??/18 honeyfill
~05/??/18 Markbike528CBX
06/15/18  DavisGang90
06/29/18  aperture
06/??/18  Albireo13
06/??/18  Cheddar Stacker
06/??/18  CowboyAndIndian
06/??/18  dbtx
06/??/18  Omalley
06/??/18  poppydog
06/??/18  randomgiraffe
06/??/18  SwissMiss
~06/??/18 Pylortes
07/??/18  AussieGirl
07/??/18  ChasesFish
07/??/18  Mr Griz
~07/??/18 BackAndForth
~07/??/18 cerat0n1a
~07/??/18 Freshwater
~07/??/18 SnidelyWhiplashStache
08/??/18  Mr Mark
08/??/18  NorCalistache
08/??/18  SpreadsheetMan DW - OMY, moved to 2019 cohort.
10/??/18  Fire1018
10/??/18  Happy
10/??/18  Irishtache
10/??/18  patches
11/??/18  DeSteeg
11/??/18  Kris
12/??/18  EnjoyIt
12/??/18  yoda34
??/??/18  Blindsquirrel
??/??/18  Michread
??/??/18  Minnesota_mom
??/??/18  OzBeach -- WIGLO (When I Get Laid Off)
??/??/18  thriftycanadian

Monkey Uncle

  • Pencil Stache
  • ****
  • Posts: 995
  • Location: West-by-god-Virginia
Re: 2018 FIRE cohort
« Reply #549 on: September 28, 2017, 07:41:09 PM »
As long as we're getting all exact here...


07/??/17  Retire-Canada - OLY
----------
01/05/18  Gimesalot
01/06/18  Monkey Uncle
01/??/18  FIBy30
01/??/18  MomCPA
01/??/18  NorGirl
01/??/18  PizzaSteve
01/??/18  PrePube
01/??/18  WannaGoOutside OLY, Moved to 2017 cohort
01/??/18  Zinethstache
02/28/18  brooklynguy
03/16/18  Cherry Lane
03/30/18  sol
03/31/18  homestead neohio
03/??/18  Badblackgirl
03/??/18  Clean Shaven
03/??/18  JLTinVA
03/??/18  Sofa King
~03/??/18 Caoineag
04/01/18  ZiziPB
04/20/18  NinetyFour
04/??/18  Aegishjalmur
04/??/18  Calvin
04/??/18  DTaggart
04/??/18  FernFree
04/??/18  Gooki
04/??/18  LateStarter
04/??/18  MandyM - Class of 2017
~04/??/18 HappyMargo
~04/??/18 Mother Fussbudget
05/01/18  SwordGuy
05/08/18  SwordGuy DW
05/??/18  Alim Nassor
05/??/18  wordnerd
~05/??/18 honeyfill
~05/??/18 Markbike528CBX
06/15/18  DavisGang90
06/29/18  aperture
06/??/18  Albireo13
06/??/18  Cheddar Stacker
06/??/18  CowboyAndIndian
06/??/18  dbtx
06/??/18  Omalley
06/??/18  poppydog
06/??/18  randomgiraffe
06/??/18  SwissMiss
~06/??/18 Pylortes
07/??/18  AussieGirl
07/??/18  ChasesFish
07/??/18  Mr Griz
~07/??/18 BackAndForth
~07/??/18 cerat0n1a
~07/??/18 Freshwater
~07/??/18 SnidelyWhiplashStache
08/??/18  Mr Mark
08/??/18  NorCalistache
08/??/18  SpreadsheetMan DW - OMY, moved to 2019 cohort.
10/??/18  Fire1018
10/??/18  Happy
10/??/18  Irishtache
10/??/18  patches
11/??/18  DeSteeg
11/??/18  Kris
12/??/18  EnjoyIt
12/??/18  yoda34
??/??/18  Blindsquirrel
??/??/18  Michread
??/??/18  Minnesota_mom
??/??/18  OzBeach -- WIGLO (When I Get Laid Off)
??/??/18  thriftycanadian
"Take this job and shove it" - David Allan Coe