Author Topic: 2018 FIRE cohort  (Read 146797 times)

honeyfill

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Re: 2018 FIRE cohort
« Reply #700 on: November 01, 2017, 10:54:49 PM »
Great discussions today, so much to think about. It really helps reading about the things other people are working through and how they are handling the challenges.   My biggest issue is estimating income needs. My in-laws have moved in with us and our daughter has some health problems which have prevented her from working since July.  Fortunately, my daughter is doing much better and has started sending out resumes. My inlaws have a lot of health issues but they have not been a financial burden. As these two issues seem to be working themselves out, We are still shooting for a June 1 retirement but but could retire anywhere from Jan 2 to Oct 1. 



edgema

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Re: 2018 FIRE cohort
« Reply #701 on: November 02, 2017, 03:29:35 AM »
Feeling emboldened about sticking to end of March 2018 as an end date. Planning this weekend to sit down with my wife and try and again address the financial facts around our situation and how the plan has a number of safety layers in it before we would really get into trouble. This exercise is as much for me as for her!

We have already approached this very sensibly, I think, in that we have 1) already moved to a LowerCOL area which freed up investment capital from our house 2) we already had sensible cars (yes it is still plural given my work commute) 3) we are always careful on any big purchases, including holidays - this year is was camping for two weeks in France by ferry. 4) We shop at Lidl not Waitrose. In no way a Mustachian idol but I think we have got the big things right.

There are also huge savings that are baked into stopping work - Tax and commuting costs. I have to trust the numbers more. First we are currently a single high income family so I am taxed heavily on much of my income. Simply being able to split our future income between us is a massive saving. Earning 90k as a couple is like me earning 130k alone just because of tax. I also have to trust how much of the cost of my working will, without question, fall away. Put all that commuting/living away from home cost together and it is 1.5k a month, 18k a year, or 30k a year pre-tax.  So if we want 75k post tax to live after FIRE, the pre-tax salary I currently need to earn for the same post-tax income is getting towards 160k adjusted for the cost to work. I still find it hard to believe, but these are facts and arithmetic, rather than speculation about how we might live after FIRE. Furthermore, we have not been as disciplined as we might and I am confident that there are considerable other savings to be had when you have two people with way more time on their hands to optimise, particularly when one of them is me and I will make it a focus.

Then there is the sentiment from a great post from the escape artist (https://theescapeartist.me/2017/04/23/the-inestimable-advantages-of-hardening-the-fuck-up/) which, to me at least, reminds you that there will be challenges, just different ones, and that you will deal with them. 

As a complete aside, I was listening in to a young couple chatting on our overcrowded commuter train this morning. She was struggling to justify a 50 monthly gym membership and then had a eureka moment when she realised she spends 70 on her morning coffee a month! Nice to see people working out how small decisions can have bigger financial impacts. Hopefully she is one step from realising she doesn't need the gym either.

Very happy that this forum exists as it is so helpful to be able to get non judgemental views from people. 

edgema

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Re: 2018 FIRE cohort
« Reply #702 on: November 02, 2017, 04:45:42 AM »
p.s. along the lines of the skiing comments. I have always had the desire to go sailing when I FIRE. This desire still niggles me but I have come to the conclusion that much of this is that the sailing is most likely the clearest manifestation of freedom versus my current life rather than actually wanting to spend months on end overheated in a small boat with two children. It is neither their or my wife's dream - just mine. Saying goodbye to the dream, at least for the moment, takes away a massive cost out of post FIRE life. No matter what way you look at it sailing is hugely expensive, aside from those that sell everything and live on a boat, which is a no go for us. 

Many spend some 20-30k just fitting out a second hand boat, let alone buying it in the first place (c.80k), as well as the annual cost of ownership (say c.10k). I won't lie that a voice bubbles up every now and again telling me to go for it, or YOLO, or that if you do OMY this will give you the magic number to have enough to do it, but there is also freedom in letting it go and I am 90% there in that regard.

There are also now airbnb style sites for sailing so you no longer have to get ripped off by the big charter companies forcing you into close to brand new boats. Very possible to find perfectly good boats for 1.0-1.5k a week, so you could finance your one month sailing dream for 5-6k and have none of the BS around owning a boat. Something goes wrong - call the owner! 

Anyway I am babbling. 

Monkey Uncle

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Re: 2018 FIRE cohort
« Reply #703 on: November 02, 2017, 04:50:43 AM »
I've heard it said that the two happiest days in a man's life are the day he buys his boat and the day he sells his boat.
"Take this job and shove it" - David Allan Coe

edgema

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Re: 2018 FIRE cohort
« Reply #704 on: November 02, 2017, 04:56:23 AM »
Or to coin a clean version - If it flies or floats, rent it....

edgema

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Re: 2018 FIRE cohort
« Reply #705 on: November 02, 2017, 04:58:37 AM »
Or that a boat is a hole in the water to throw money into...

Gimesalot

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Re: 2018 FIRE cohort
« Reply #706 on: November 02, 2017, 08:21:12 AM »
I've heard it said that the two happiest days in a man's life are the day he buys his boat and the day he sells his boat.

I love sailing too and when I asked my sailing teacher if he has a boat, he told me that he's a member of  the OPBYC (other people's boat yacht club).  With his captain's license, he gets paid to sail boats he could never afford to buy.

CowboyAndIndian

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Re: 2018 FIRE cohort
« Reply #707 on: November 02, 2017, 08:36:03 AM »
p.s. along the lines of the skiing comments. I have always had the desire to go sailing when I FIRE. This desire still niggles me but I have come to the conclusion that much of this is that the sailing is most likely the clearest manifestation of freedom versus my current life rather than actually wanting to spend months on end overheated in a small boat with two children. It is neither their or my wife's dream - just mine. Saying goodbye to the dream, at least for the moment, takes away a massive cost out of post FIRE life. No matter what way you look at it sailing is hugely expensive, aside from those that sell everything and live on a boat, which is a no go for us. 

Many spend some 20-30k just fitting out a second hand boat, let alone buying it in the first place (c.80k), as well as the annual cost of ownership (say c.10k). I won't lie that a voice bubbles up every now and again telling me to go for it, or YOLO, or that if you do OMY this will give you the magic number to have enough to do it, but there is also freedom in letting it go and I am 90% there in that regard.

There are also now airbnb style sites for sailing so you no longer have to get ripped off by the big charter companies forcing you into close to brand new boats. Very possible to find perfectly good boats for 1.0-1.5k a week, so you could finance your one month sailing dream for 5-6k and have none of the BS around owning a boat. Something goes wrong - call the owner! 

Anyway I am babbling.

Are you me?

My wife has no interest in sailing, but I am fascinated by it.

Someone told me that I could sail as crew on boats owned by someone else. This could get me the sailing I want!

Thanks for the AirBnB idea. Did  not know that.

edgema

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Re: 2018 FIRE cohort
« Reply #708 on: November 02, 2017, 08:53:59 AM »
Hi Cowboy and Indian.

There are a few options as I see it.

- Charter. The Airbnb site is called sailogy.com and there are a couple of others out there. You do need certain qualifications to be able to do this though.

- Become crew. There are loads of people with boats who need crew and a few sites which match you with them. 10 years ago and pre kids my wife and I did this for a year. It was great. You usually pay a portion of costs but to be clear you are not working for the owners, just helping them sail. crewseekers.com and some others. You need some basic knowledge usually and obviously cannot have kids with you.

- Adventure sailing / holidays. There are a few options here if you want to get some serious ocean sailing in. The Atlantic rally (ARC) is what everyone wants to tick off the bucket list so is expensive (say 4k to get on a boat for the month it takes). However, those same boats need to do the less glamorous legs which they will sell off cheap. E.g. sailing back from the Caribbean to UK for maybe 1.0-1.5k. There are also other options which, at least to me, would be amazing. E.g. Plymouth UK to Norway to see the fjords on a 55' Oyster, takes about 3.5 weeks and is under 2.0k. This last one would have to be just me most likely.

We can no longer do option 2 with kids in two, but I am hoping that doing 1 (with the family) and some more adventure style 3's will scratch the itch and see some amazing stuff at the same time. 




Patches

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Re: 2018 FIRE cohort
« Reply #709 on: November 02, 2017, 08:56:50 AM »
p.s. along the lines of the skiing comments. I have always had the desire to go sailing when I FIRE. This desire still niggles me but I have come to the conclusion that much of this is that the sailing is most likely the clearest manifestation of freedom versus my current life rather than actually wanting to spend months on end overheated in a small boat with two children. It is neither their or my wife's dream - just mine. Saying goodbye to the dream, at least for the moment, takes away a massive cost out of post FIRE life. No matter what way you look at it sailing is hugely expensive, aside from those that sell everything and live on a boat, which is a no go for us. 

Many spend some 20-30k just fitting out a second hand boat, let alone buying it in the first place (c.80k), as well as the annual cost of ownership (say c.10k). I won't lie that a voice bubbles up every now and again telling me to go for it, or YOLO, or that if you do OMY this will give you the magic number to have enough to do it, but there is also freedom in letting it go and I am 90% there in that regard.

There are also now airbnb style sites for sailing so you no longer have to get ripped off by the big charter companies forcing you into close to brand new boats. Very possible to find perfectly good boats for 1.0-1.5k a week, so you could finance your one month sailing dream for 5-6k and have none of the BS around owning a boat. Something goes wrong - call the owner! 

Anyway I am babbling.

Are you me?

My wife has no interest in sailing, but I am fascinated by it.

Someone told me that I could sail as crew on boats owned by someone else. This could get me the sailing I want!

Thanks for the AirBnB idea. Did  not know that.

My wife and I joined a sailing club.  Apparently there are 300 ASA (American Sailing Association) clubs around the country.  They teach classes on weekends and get you "certified" for various skill levels of sailing... and all the while they let you use their boats for day trips or over-nighters.  Currently we've got two boats out of downtown Seattle we take out.  It's remarkably reasonable and good way to learn the skills and see if it's something you'll enjoy enough to torpedo your retirement with.  :)  We intend to just keep doing the club in retirement.

Here's a link to our club, but surely they is one near you.  http://www.pugetsoundsailing.com/

DTaggart

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Re: 2018 FIRE cohort
« Reply #710 on: November 02, 2017, 01:05:44 PM »
So my job is a little weird in that I technically work for (and am paid by) Agency A, but I actually go to Agency B every day and do the work they tell me to. I actually have very little contact with my 'bosses' at Agency A, just payroll and administrative type stuff. I've been fairly open talking about my plans to retire "soon" with my co-workers at Agency B, but haven't made any formal announcements/commitments, etc. Anyway, I guess word got around to my Departmental Director at Agency A because he called to ask me about another thing, and then told me he'd heard I was "contemplating retiring" and asked if that was true. I told him it was, and he was really cool about it. He said he was sorry to hear that as they've been having a very difficult time finding people to do my particular job but he congratulated me and seemed genuinely happy for me. He told me he has about another year before he retires, which will put him at 45 years in!!!!!! I told him "there's no way I'm doing that!!" and laughed. I said "I've spent 20 years sitting in dark rooms staring at computer screens and I'm done, I want to go outside and play."

So anyway, I'm glad to know that when I do send Agency A my formal notice that it won't be a complete surprise for them. I don't want to leave them in a lurch or anything, but I know from experience that it doesn't make any difference how much notice they get, they won't be able to start recruiting until I'm actually gone, and it's still going to take them a very long time to find someone. My original plan was 30 days notice (Jan 1), but maybe I'll go ahead and do 60, should make Christmas more fun at least.

Monkey Uncle

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Re: 2018 FIRE cohort
« Reply #711 on: November 02, 2017, 06:32:39 PM »
So my job is a little weird in that I technically work for (and am paid by) Agency A, but I actually go to Agency B every day and do the work they tell me to. I actually have very little contact with my 'bosses' at Agency A, just payroll and administrative type stuff. I've been fairly open talking about my plans to retire "soon" with my co-workers at Agency B, but haven't made any formal announcements/commitments, etc. Anyway, I guess word got around to my Departmental Director at Agency A because he called to ask me about another thing, and then told me he'd heard I was "contemplating retiring" and asked if that was true. I told him it was, and he was really cool about it. He said he was sorry to hear that as they've been having a very difficult time finding people to do my particular job but he congratulated me and seemed genuinely happy for me. He told me he has about another year before he retires, which will put him at 45 years in!!!!!! I told him "there's no way I'm doing that!!" and laughed. I said "I've spent 20 years sitting in dark rooms staring at computer screens and I'm done, I want to go outside and play."

So anyway, I'm glad to know that when I do send Agency A my formal notice that it won't be a complete surprise for them. I don't want to leave them in a lurch or anything, but I know from experience that it doesn't make any difference how much notice they get, they won't be able to start recruiting until I'm actually gone, and it's still going to take them a very long time to find someone. My original plan was 30 days notice (Jan 1), but maybe I'll go ahead and do 60, should make Christmas more fun at least.

Yeah, two months seemed like the sweet spot to me, too.  Long enough that you aren't just walking out, but short enough that you don't become an ineffective lame duck.  The last two managers in my work unit who retired announced their retirements about a year in advance.  They were totally worthless for the last 8 months or so.
"Take this job and shove it" - David Allan Coe

SwordGuy

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Re: 2018 FIRE cohort
« Reply #712 on: November 02, 2017, 07:27:21 PM »
Six months to go!   Woot!

pecunia

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Re: 2018 FIRE cohort
« Reply #713 on: November 04, 2017, 04:27:07 PM »
Call it July 1, 2018.

I find myself dreaming about all the stuff I could do.  If we get Trumpcare, I may need some revision, but I think the general populace is mad enough that the politicians will not screw with it too much.

Lot's of people want single payer.  They should do some listening.

GuitarBrian

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Re: 2018 FIRE cohort
« Reply #714 on: November 04, 2017, 10:25:36 PM »
All this talk about sailing and boats... I grew up on a sailboat. We still have it down in Panama. It can be an expensive lifestyle... but can be done very cheaply if you want.

I posted earlier this year, saying I was going to be in the 2018 cohort. But, as of today I decided to move up. Nov. 28 2017.

Monkey Uncle

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Re: 2018 FIRE cohort
« Reply #715 on: November 05, 2017, 03:57:48 AM »
All this talk about sailing and boats... I grew up on a sailboat. We still have it down in Panama. It can be an expensive lifestyle... but can be done very cheaply if you want.

I posted earlier this year, saying I was going to be in the 2018 cohort. But, as of today I decided to move up. Nov. 28 2017.

Congrats for moving up, GuitarBrian!
"Take this job and shove it" - David Allan Coe

chasesfish

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Re: 2018 FIRE cohort
« Reply #716 on: November 05, 2017, 05:50:47 AM »
Another week off the list!
Check out our journal, counting down the days until I Stop Ironing Shirts

We hit $1mil by 33 and will retire at 36!  Stop by over at our site Stop Ironing Shirts

aperture

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Re: 2018 FIRE cohort
« Reply #717 on: November 05, 2017, 07:28:35 AM »
Eight months to my date. As I have said here before, this last year has had intense ups and downs.  I think Sol was correct when he pointed out that the value of additional work drops after you hit your FI number, and the market has lifted some many of us.  I think that is part of the equation for me, but I also appreciate that change is hard. This move from working to not working is one of the biggest changes of my life.  I spent time poor in my life, and earning income has been such a lifeline.  On the other hand, I sit in a box all day and my body is getting more and more unhealthy and less and less able to recover.  That scene from 'Unbroken' where the aviators have to jump out of their lifeboat because it is no longer safe is about 10x more intense than what I feel at work, but a slow motion version of this is what I feel about work.  Fortunately for me, I will not escape my lifeboat into the mouth of a shark or sink beneath the waves.  It just takes a little time, and a little faith, and some support from this community and like-minded folks to put unfounded fear aside. 

I really like the idea of living now into the future I anticipate.  I want a healthier lifestyle in retirement, so I have cut out white carbs (a diet move I recommend to everyone), and picked up my biking/hiking again.  I have started considering how I might train for a long hike.  I am not sure what that might look like, but I do love wilderness hiking as well as seeing foreign lands.  I may follow arebelspy's lead and go walk across Northern Spain.  In my misspent youth, I took a class on the 12th century renaissance (not the quattrocento).  I wrote a term paper on the sculptural works of Saint-Sernin in Toulouse.  I would love to visit that church and perhaps walk the old pilgrimage routes to Santiago. 

Best wishes to all of you, aperture.   
Able was I, ere I saw Elba.

chasesfish

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Re: 2018 FIRE cohort
« Reply #718 on: November 05, 2017, 07:59:44 AM »
@ Aperture...

You're speaking my exact same thoughts
Check out our journal, counting down the days until I Stop Ironing Shirts

We hit $1mil by 33 and will retire at 36!  Stop by over at our site Stop Ironing Shirts

Retire-Canada

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Re: 2018 FIRE cohort
« Reply #719 on: November 05, 2017, 08:01:52 AM »
I think that is part of the equation for me, but I also appreciate that change is hard. This move from working to not working is one of the biggest changes of my life.

I really like the idea of living now into the future I anticipate.  I want a healthier lifestyle in retirement, so I have cut out white carbs (a diet move I recommend to everyone), and picked up my biking/hiking again.  I have started considering how I might train for a long hike.

Yes. It's a huge change and the challenge to our brains that are programmed to work is significant. Hence the OMYing that you see. Don't under estimate the challenge in making the change, but also don't under estimate your ability to chart a new course that you'll love given the free time you will create and resources you have amassed.

There are programs online and in books to train you for a long backpacking trip, but I would just get out and start doing shorter day hikes and then build up from there. No need to start a formal program right off the bat. Just get out and enjoy yourself for a while.

wordnerd

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Re: 2018 FIRE cohort
« Reply #720 on: November 05, 2017, 08:55:46 AM »
6 months from yesterday :) :)

aperture

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Re: 2018 FIRE cohort
« Reply #721 on: November 05, 2017, 03:53:45 PM »
There are programs online and in books to train you for a long backpacking trip, but I would just get out and start doing shorter day hikes and then build up from there. No need to start a formal program right off the bat. Just get out and enjoy yourself for a while.

RC, thanks for the advice. I logged 40 miles on my bike this weekend and 15k steps both Saturday and Sunday. I really appreciate the encouraging words.
Able was I, ere I saw Elba.

happy

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Re: 2018 FIRE cohort
« Reply #722 on: November 06, 2017, 04:04:40 AM »
Less than 12 months now to my LSL!
Journalling at Happy Aussie Downshifter

CowboyAndIndian

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Re: 2018 FIRE cohort
« Reply #723 on: November 06, 2017, 10:45:24 AM »

I posted earlier this year, saying I was going to be in the 2018 cohort. But, as of today I decided to move up. Nov. 28 2017.

I did not find you in the list. Did we ever add you or were you dropped accidentally?

Congratulations on the OLY!

davisgang90

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Re: 2018 FIRE cohort
« Reply #724 on: November 07, 2017, 06:12:25 AM »
2nd to last PRT (Physical Readiness Test) complete.  Just one more in the spring!
Check out my blog.  Early retirement from a military perspective.

http://chartprepping.com




DTaggart

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Re: 2018 FIRE cohort
« Reply #725 on: November 07, 2017, 11:52:36 AM »
Haha I think I just gave my notice. My direct boss at Agency A emailed me with something else and then added she "heard I was retiring by the end of the year." My plan is for my last day to be Feb 1 next year, so I had to correct at least that much, and it pretty much turned into "What do I need to do paperwork wise? and "thanks for the opportunity, working here has been great" etc etc.

I did tell her that my original intention was to give her 60 days notice next month because I wanted to make sure I didn't chicken out and change my mind, but that the rumor mill beat me to it. Pretty sure I'm not changing my mind anyway. Guess I should make it official with my Agency B boss too.

MaybeBabyMustache

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Re: 2018 FIRE cohort
« Reply #726 on: November 07, 2017, 12:08:01 PM »
Completed one of three (hopefully) final business trips until FIRE. The longest travel version (San Francisco to Singapore), so relieved to have that completed. In true Mustachian style, I maximized my points/rewards as much as possible. Two more trips on the horizon (Japan/Korea combined, followed by just Japan). I'm really hopeful that those will be my last trips pre-FIRE. International travel is one of my major reasons for wanting an early exit.

I did get a promotion, and found out I got a 6% raise. Nothing too crazy, but will pad the stash a bit. Still waiting to hear on bonus & equity. Equity may impact my leave date, as a few more months with a really solid equity increase will be able to potentially fund a year of FIRE. TBD.

Monkey Uncle

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Re: 2018 FIRE cohort
« Reply #727 on: November 07, 2017, 06:45:29 PM »
Haha I think I just gave my notice. My direct boss at Agency A emailed me with something else and then added she "heard I was retiring by the end of the year." My plan is for my last day to be Feb 1 next year, so I had to correct at least that much, and it pretty much turned into "What do I need to do paperwork wise? and "thanks for the opportunity, working here has been great" etc etc.

I did tell her that my original intention was to give her 60 days notice next month because I wanted to make sure I didn't chicken out and change my mind, but that the rumor mill beat me to it. Pretty sure I'm not changing my mind anyway. Guess I should make it official with my Agency B boss too.

Congratulations!  Glad to have someone join me in the "gave my notice" club!
"Take this job and shove it" - David Allan Coe

GuitarBrian

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Re: 2018 FIRE cohort
« Reply #728 on: November 07, 2017, 07:55:01 PM »

I posted earlier this year, saying I was going to be in the 2018 cohort. But, as of today I decided to move up. Nov. 28 2017.

I did not find you in the list. Did we ever add you or were you dropped accidentally?

Congratulations on the OLY!

I posted but don't think I got in the list... Since my plans were a little uncertain I didn't pursue getting in the list. It's all OK :)

honeyfill

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Re: 2018 FIRE cohort
« Reply #729 on: November 07, 2017, 08:08:29 PM »
Quote from: GuitarBrian on November 04, 2017, 10:25:36 PM

I posted earlier this year, saying I was going to be in the 2018 cohort. But, as of today I decided to move up. Nov. 28 2017.

I did not find you in the list. Did we ever add you or were you dropped accidentally?

Congratulations on the OLY!

I posted but don't think I got in the list... Since my plans were a little uncertain I didn't pursue getting in the list. It's all OK :)



Congratulations on retiring a year early.  Have you posted in the 2017 cohort?  They are having a lot of fun over there celebrating all the people retiring at the end of the year.



Livingthedream55

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Re: 2018 FIRE cohort
« Reply #730 on: November 08, 2017, 12:05:41 PM »
AGGGGHHHH 

So tired on waiting to see if I can join the Class of 2018.

"Rumors" that an early retirement incentive package will be offered at my state government agency have been swirling for months!  My "stache" has surpassed my number a year and a half early (thanks to the market run up) and I have significantly reduced my % of equities in my Vanguard account so I could survive a market drop and still be able to FIRE. I just need the pension to be in place (it comes with Health Insurance at the group rate where I would pay only 20% of the premium). The incentive packages (when they are offered) usually add five years of service to your pension calculation thus increasing the monthly payout which would be even higher than if I continued working till May, 2019 (my current FIRE date).






DTaggart

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Re: 2018 FIRE cohort
« Reply #731 on: November 08, 2017, 08:52:50 PM »
Haha I think I just gave my notice. My direct boss at Agency A emailed me with something else and then added she "heard I was retiring by the end of the year." My plan is for my last day to be Feb 1 next year, so I had to correct at least that much, and it pretty much turned into "What do I need to do paperwork wise? and "thanks for the opportunity, working here has been great" etc etc.

I did tell her that my original intention was to give her 60 days notice next month because I wanted to make sure I didn't chicken out and change my mind, but that the rumor mill beat me to it. Pretty sure I'm not changing my mind anyway. Guess I should make it official with my Agency B boss too.

Congratulations!  Glad to have someone join me in the "gave my notice" club!

Thanks Monkey, glad to be a member :)

TartanTallulah

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Re: 2018 FIRE cohort
« Reply #732 on: November 09, 2017, 10:43:33 AM »
I've just had a meeting with the adviser who reviews my finances every year or so (he's tied, but salaried, and hasn't tried to sell me anything since the first time we met) and put my ER plan to him, and he hasn't found any holes in my numbers or said, "That might not work because ...". This has made me very happy, not so much on my own behalf (I trust my math) as on my husband's, because he's all about "use the right equipment for the job" and he's been muttering that we should consult a financial adviser.

I'm making the jump from 2019. Please add me on to the list for 30th June 2018, which is the earliest date at which my bridging plan will become watertight and I'll be able to leave my DB pension untouched until my next birthday. I may hang on a few months longer if it's worthwhile and I'm not hating my job (sometimes I don't) and desperate to leave, but it would take a real black swan event to keep me at my desk beyond March 2019.






Livingthedream55

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Re: 2018 FIRE cohort
« Reply #733 on: November 09, 2017, 11:09:37 AM »
I've just had a meeting with the adviser who reviews my finances every year or so (he's tied, but salaried, and hasn't tried to sell me anything since the first time we met) and put my ER plan to him, and he hasn't found any holes in my numbers or said, "That might not work because ...". This has made me very happy, not so much on my own behalf (I trust my math) as on my husband's, because he's all about "use the right equipment for the job" and he's been muttering that we should consult a financial adviser.

I'm making the jump from 2019. Please add me on to the list for 30th June 2018, which is the earliest date at which my bridging plan will become watertight and I'll be able to leave my DB pension untouched until my next birthday. I may hang on a few months longer if it's worthwhile and I'm not hating my job (sometimes I don't) and desperate to leave, but it would take a real black swan event to keep me at my desk beyond March 2019.

Congratulations! So excited for you!!!



honeyfill

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Re: 2018 FIRE cohort
« Reply #734 on: November 09, 2017, 02:41:38 PM »
Quote
I've just had a meeting with the adviser who reviews my finances every year or so (he's tied, but salaried, and hasn't tried to sell me anything since the first time we met) and put my ER plan to him, and he hasn't found any holes in my numbers or said, "That might not work because ...". This has made me very happy, not so much on my own behalf (I trust my math) as on my husband's, because he's all about "use the right equipment for the job" and he's been muttering that we should consult a financial adviser.

I'm making the jump from 2019. Please add me on to the list for 30th June 2018, which is the earliest date at which my bridging plan will become watertight and I'll be able to leave my DB pension untouched until my next birthday. I may hang on a few months longer if it's worthwhile and I'm not hating my job (sometimes I don't) and desperate to leave, but it would take a real black swan event to keep me at my desk beyond March 2019.

Congratulations!   Sounds like you have everything under control. Good idea to consult a FA. You never know, sometimes they catch something you missed. 



CowboyAndIndian

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Re: 2018 FIRE cohort
« Reply #735 on: November 09, 2017, 04:32:52 PM »
Welcome to the cohort, TartanTallulah

01/05/18  Gimesalot
01/06/18  Monkey Uncle
01/??/18  FIBy30
01/31/18  MomCPA
01/??/18  NorGirl
01/15/18  PizzaSteve
01/??/18  PrePube
01/??/18  Zinethstache
02/01/18  DTaggart
02/28/18  brooklynguy
03/16/18  Cherry Lane
03/30/18  sol
03/31/18  Caoineag (at 36)
03/31/18  homestead neohio
03/31/18  Mrbeardedbigbucks
03/31/18  ZiziPB (at 50)
03/31/18  DavidAnnArbor (at 52) (Won't renew my office lease)
03/??/18  Badblackgirl
03/??/18  Clean Shaven
03/??/18  JLTinVA
03/??/18  Sofa King
03/??/18  MiserlyMiser
03/??/18  Acastus
04/20/18  NinetyFour
04/??/18  Aegishjalmur (At 35)
04/??/18  Calvin
04/??/18  FernFree
04/??/18  Gooki
04/??/18  LateStarter
~04/??/18 HappyMargo
~04/??/18 Mother Fussbudget
05/01/18  SwordGuy (at 60)
05/08/18  SwordGuy DW (SwordGuy isn't saying.   He wants to live.)
05/??/18  Alim Nassor
05/04/18  wordnerd and DH (at 30 and 36)
05/15/18  Markbike528CBX (at 53.5)
~06/01/18 Honeyfill  (at 60)
06/15/18  DavisGang90 (at 49)
06/25/18  MaybeBabyMustache (at 42)
06/29/18  aperture
06/29/18  CowboyAndIndian (at 59)
06/30/18  TartanTallulah
06/??/18  Cheddar Stacker
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 Fresh Bread
~07/??/18 SnidelyWhiplashStache
08/??/18  Mr Mark
08/??/18  NorCalistache
10/05/18  JumboShrimp
10/??/18  Fire1018
10/??/18  Happy
10/??/18  Irishtache
10/??/18  patches
11/??/18  DeSteeg
11/??/18  Kris
12/01/18  Vegasgirl (at 49)
12/??/18  EnjoyIt
12/??/18  yoda34
??/??/18  Blindsquirrel
??/??/18  Michread
??/??/18  Minnesota_mom
??/??/18  OzBeach -- WIGLO (When I Get Laid Off)
??/??/18  thriftycanadian
??/??/18  pecunia
??/??/18  FLStache


aperture

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Re: 2018 FIRE cohort
« Reply #736 on: November 09, 2017, 05:59:31 PM »
I've just had a meeting with the adviser who reviews my finances every year or so (he's tied, but salaried, and hasn't tried to sell me anything since the first time we met) and put my ER plan to him, and he hasn't found any holes in my numbers or said, "That might not work because ...". This has made me very happy, not so much on my own behalf (I trust my math) as on my husband's, because he's all about "use the right equipment for the job" and he's been muttering that we should consult a financial adviser.

I'm making the jump from 2019. Please add me on to the list for 30th June 2018, which is the earliest date at which my bridging plan will become watertight and I'll be able to leave my DB pension untouched until my next birthday. I may hang on a few months longer if it's worthwhile and I'm not hating my job (sometimes I don't) and desperate to leave, but it would take a real black swan event to keep me at my desk beyond March 2019.

Welcome and congratulations.
Able was I, ere I saw Elba.

TartanTallulah

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Re: 2018 FIRE cohort
« Reply #737 on: November 11, 2017, 02:34:11 PM »
Thanks for the welcomes :-)

And I didn't even tell the financial adviser about my husband's DB pension from a former employer, because until recently it hadn't occurred to me that he must have one. It's not likely to be much more than 200 a month, but with everything else covered that's an annual skiing trip paid for.

I need to forget about this. A lot could happen between now and the start of my notice period.



SugarMountain

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Re: 2018 FIRE cohort
« Reply #738 on: November 13, 2017, 05:39:31 PM »
If things go well, my FIRE date would be ~8/1/2018.  I'm debating between 8/1/18, 1/1/19, and OMY'ing to 9/1/19, basically this is because of various stock vesting cycles and taxes on stock (not selling all of it until my salary is $0 for the year has some substantial savings). But for now, I'm going to put out the more aggressive target as it makes it more likely we'll hit it.




CowboyAndIndian

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Re: 2018 FIRE cohort
« Reply #739 on: November 13, 2017, 06:48:48 PM »
Welcome to the cohort, SugarMountain. No more OMY ;-)

01/05/18  Gimesalot
01/06/18  Monkey Uncle
01/??/18  FIBy30
01/31/18  MomCPA
01/??/18  NorGirl
01/15/18  PizzaSteve
01/??/18  PrePube
01/??/18  Zinethstache
02/01/18  DTaggart
02/28/18  brooklynguy
03/16/18  Cherry Lane
03/30/18  sol
03/31/18  Caoineag (at 36)
03/31/18  homestead neohio
03/31/18  Mrbeardedbigbucks
03/31/18  ZiziPB (at 50)
03/31/18  DavidAnnArbor (at 52) (Won't renew my office lease)
03/??/18  Badblackgirl
03/??/18  Clean Shaven
03/??/18  JLTinVA
03/??/18  Sofa King
03/??/18  MiserlyMiser
03/??/18  Acastus
04/20/18  NinetyFour
04/??/18  Aegishjalmur (At 35)
04/??/18  Calvin
04/??/18  FernFree
04/??/18  Gooki
04/??/18  LateStarter
~04/??/18 HappyMargo
~04/??/18 Mother Fussbudget
05/01/18  SwordGuy (at 60)
05/08/18  SwordGuy DW (SwordGuy isn't saying.   He wants to live.)
05/??/18  Alim Nassor
05/04/18  wordnerd and DH (at 30 and 36)
05/15/18  Markbike528CBX (at 53.5)
~06/01/18 Honeyfill  (at 60)
06/15/18  DavisGang90 (at 49)
06/25/18  MaybeBabyMustache (at 42)
06/29/18  aperture
06/29/18  CowboyAndIndian (at 59)
06/30/18  TartanTallulah
06/??/18  Cheddar Stacker
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 Fresh Bread
~07/??/18 SnidelyWhiplashStache
08/01/18  SugarMountain
08/??/18  Mr Mark
08/??/18  NorCalistache
10/05/18  JumboShrimp
10/??/18  Fire1018
10/??/18  Happy
10/??/18  Irishtache
10/??/18  patches
11/??/18  DeSteeg
11/??/18  Kris
12/01/18  Vegasgirl (at 49)
12/??/18  EnjoyIt
12/??/18  yoda34
??/??/18  Blindsquirrel
??/??/18  Michread
??/??/18  Minnesota_mom
??/??/18  OzBeach -- WIGLO (When I Get Laid Off)
??/??/18  thriftycanadian
??/??/18  pecunia
??/??/18  FLStache


SugarMountain

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Re: 2018 FIRE cohort
« Reply #740 on: November 14, 2017, 10:56:20 AM »
Welcome to the cohort, SugarMountain. No more OMY ;-)


We'll see, there is a ton to figure out in the next 9 months if that is going to happen.

Vegasgirl

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Re: 2018 FIRE cohort
« Reply #741 on: November 14, 2017, 11:03:44 AM »
Man I'm just excited looking at the list!  I can't wait until the first of the year once the confirmations start coming through, it's going to be fun to watch.

Aegishjalmur

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Re: 2018 FIRE cohort
« Reply #742 on: November 14, 2017, 12:07:20 PM »
Down to under 150 calendar days(not work days) until I will putting in my notice. DW and me are already starting to plan a couple vacations for early 2018 so was running the calcs on carry over and PTO accrual to see what I can swing.
Plans are useless. Planning is indispensable.

Fresh Bread

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Re: 2018 FIRE cohort
« Reply #743 on: November 14, 2017, 01:07:33 PM »
According to my numbers, we are FI. However, this is essentials and a bit more, we don't have holiday & 'retirement project' money yet. That relies on building our second dwelling which is going to take longer than I thought when I said July for my date. I won't be able to pin point a date til the planning application is approved and we have found a builder but it's looking more like November or 2019 than July. Having said that, we can both work part time in my business from April next year for fun money - does that count? TLDR - still up in the air, waiting to see how it all falls.

RunningWithScissors

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Re: 2018 FIRE cohort
« Reply #744 on: November 15, 2017, 02:13:21 PM »
Welp. 

The original plan for RunningBoy and I was to retire in 2020 but all the checkpoints that we needed to reach before FIRE have been passed.  Plus, my husband has decided not to abruptly retire completely and abruptly, but to whittle away his client list for two years to ease into semi-retirement.  With him going to part-time, us moving to a LCOL area next year and the critical mass of investments we've built up, it looks like I'm retiring in August 2018.  And yes, there's a countdown on my phone and a contingency plan (or two) up my sleeve.  It's immensely helpful that our projected monthly expenses can be covered by my husband working 1.5 days/month after I retire. 

This community has been instrumental in (re)shaping my beliefs about money and retirement, and giving me the impetus to make it happen.  It just feels so freakin' awesome to be here!

DavidAnnArbor

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Re: 2018 FIRE cohort
« Reply #745 on: November 15, 2017, 06:12:42 PM »
Congratulations to you Running

Monkey Uncle

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Re: 2018 FIRE cohort
« Reply #746 on: November 15, 2017, 06:15:47 PM »
Welp. 

The original plan for RunningBoy and I was to retire in 2020 but all the checkpoints that we needed to reach before FIRE have been passed.  Plus, my husband has decided not to abruptly retire completely and abruptly, but to whittle away his client list for two years to ease into semi-retirement.  With him going to part-time, us moving to a LCOL area next year and the critical mass of investments we've built up, it looks like I'm retiring in August 2018.  And yes, there's a countdown on my phone and a contingency plan (or two) up my sleeve.  It's immensely helpful that our projected monthly expenses can be covered by my husband working 1.5 days/month after I retire. 

This community has been instrumental in (re)shaping my beliefs about money and retirement, and giving me the impetus to make it happen.  It just feels so freakin' awesome to be here!

Congratulations, RunningWithScissors!  Welcome to the cohort.
"Take this job and shove it" - David Allan Coe

Vegasgirl

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  • Location: Washington DC Metro
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Re: 2018 FIRE cohort
« Reply #747 on: November 16, 2017, 05:28:20 AM »
Congratulations RWS !!!!!

ZiziPB

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Re: 2018 FIRE cohort
« Reply #748 on: November 16, 2017, 07:18:53 AM »
If everything goes according to plan, I will be giving notice at work exactly 4 months from now!  It's starting to feel real.



Cherry Lane

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Re: 2018 FIRE cohort
« Reply #749 on: November 16, 2017, 10:02:48 AM »
If everything goes according to plan, I will be giving notice at work exactly 4 months from now!  It's starting to feel real.

And four months from today is my FIRE day!

Unlike Zizi, I've made little progress on my pre-FIRE to-do list over the last four months.  Time for me to get moving!