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General Discussion => Welcome and General Discussion => Topic started by: Kris on April 04, 2015, 07:04:24 PM

Title: 2018 FIRE cohort
Post by: Kris on April 04, 2015, 07:04:24 PM
So, following from the other post, wondering how many of you (like me) have 2018 as your FIRE date.  Us, we're looking at June 2018. You?
Title: Re: 2018 FIRE cohort
Post by: Aussiegirl on April 05, 2015, 01:56:18 AM
We've got 2018 as our FIRE date, maybe July.  Just have to get a few plans in place, new out of the city abode to finished renovating, slim down expenses etc to make sure we can confidently live on our post-FIRE income.   We're probably over analyzing the "do we have enough" and could go a year earlier, its just that neither of us want to be destitute in our old age!   Financial security is very important to us. 
Title: Re: 2018 FIRE cohort
Post by: NearlyThere on April 05, 2015, 04:21:03 AM
I've got EARLY 2018 marked for FI. Won't RE at that point but I'm happy with the knowledge I'll be completely financially secure.

One major factor that might adjust this is the markets. I have an opportunity to pull the money from my currently paid off mortgage to invest when required (Offset Mortgage here in the UK). On a substantial market drop, I'll plough almost all of this in to the market. It would make up in cash value approx 30% of my FI amount. So any gains would massively benefit our FI goals
Title: Re: 2018 FIRE cohort
Post by: happy on April 05, 2015, 05:20:57 AM
I have FIREarlier ( not early!) in Oct 2018. I doubt it will be any earlier. At that point I'm hoping to take 8- 9 months long service leave on half pay, then all being well, resign.
Title: Re: 2018 FIRE cohort
Post by: Bateaux on April 05, 2015, 06:23:11 AM
I have March 2018 set as my current FIRE date.  Have so much to get done by then.  Saving the money was the easy part.  The transition to drawing down the funds has me a little overwhelmed.
Also helping my young adult children into the working world.  Since I want to live on a boat, we have to sell our house and most of our stuff.  We also have to sign up for Obama Care if it still exists.  We need to watch the politics of the ACA.  Healthcare is a major roadblock to retirement.
Title: Re: 2018 FIRE cohort
Post by: Gimesalot on April 05, 2015, 11:59:00 AM
We have early 2018 planned for down-shifting and mid to late 2018 for full RE. 

As someone else mentioned, I also am trying to wrap my head around the switch from saving to withdrawing.
Title: Re: 2018 FIRE cohort
Post by: dividendman on April 05, 2015, 12:08:36 PM
My original 10 year plan, when I was 25 and was in debt, was to FIRE at 35 - meaning 2017 in the summer. But I wanted a $1 M back then, so I adjusted it to 2018 summer using some projections. I am thinking of pulling the trigger earlier now though.

I should be FI (pay for all my expenses, but NOT living in Silicon valley, with 4% rule) in the next 6-12 months. I don't think I will be able to stick out my job when I'm FI for very long. Even now, with a pretty big stash for a single guy (~500K), I have zero motivation at my current gig and slogging it to work every day is killing my soul.
Title: Re: 2018 FIRE cohort
Post by: Kris on April 05, 2015, 12:19:48 PM
We have early 2018 planned for down-shifting and mid to late 2018 for full RE. 

As someone else mentioned, I also am trying to wrap my head around the switch from saving to withdrawing.

Yeah, me, too. We're planning to move abroad, as well.  So I go between feeling pretty okay and "on top" of things, to freaking out completely.  So much to think about: How to "scaffold" our different savings/investment accounts, how to access them, tax implications, thinking about residency, etc.  It can get so incredibly overwhelming to think about.
Title: Re: 2018 FIRE cohort
Post by: HappyMargo on April 05, 2015, 01:43:59 PM
My original plan took me to my birthday in Fall of 2017.

But that takes me right up to our "busy season" that runs about September thru February...
So I was thinking I'd stick around to really make a final push of big savings, then use the start of 2018 to front-load my 401k to maximum.  Then FIRE in Springtime as the weather turns nice & I'll be dying to be outdoors!

Guess, that's a long way of saying, "I'm in for 2018!"
Title: Re: 2018 FIRE cohort
Post by: Aussiegirl on April 05, 2015, 02:09:49 PM
I have zero motivation at my current gig and slogging it to work every day is killing my soul.

I hear you on this one!!
Title: Re: 2018 FIRE cohort
Post by: davisgang90 on April 05, 2015, 02:15:55 PM
July 2018 for us!  I will retire from the Navy and we move out of DC!
Title: Re: 2018 FIRE cohort
Post by: Prepube on April 05, 2015, 03:07:53 PM
1/1/18

Unless good stuff happens to my portfolio, which would move it up.  Just give me one year of double digit returns, and I am out of here.  Not worried in the least about changing the mindset to withdrawal from savings.  There's 143 weeks, 9 hours left before that date, not that I am counting or anything.  Plenty of time to figure it out...
Title: Re: 2018 FIRE cohort
Post by: happy on April 05, 2015, 04:35:06 PM
Quote
Then FIRE in Springtime as the weather turns nice & I'll be dying to be outdoors!]Then FIRE in Springtime as the weather turns nice & I'll be dying to be outdoors![

Thats the reason for my choice of October also; I'm in the southern hemisphere.

edit: fix typo
Title: Re: 2018 FIRE cohort
Post by: Irishtache on April 06, 2015, 03:05:07 AM
In October, 2018, I will reach 40 years service. However, I will still be 2 years short of the minimum retirement age unless I choose a reduced pension. I am seriously considering retiring in June, 2016 under a deal which would give me similar pension to that I would receive in October, 2017! Both 2016 and 2017 might be too soon on account of mortgage debt and negative equity on rental house. I am still optimistic about 2018.
Title: Re: 2018 FIRE cohort
Post by: gooki on April 06, 2015, 04:05:49 AM
I'm penciled in for April 2018.
Title: Re: 2018 FIRE cohort
Post by: ZiziPB on April 06, 2015, 05:44:49 AM
April 1, 2018 is my date.  I am moving abroad after I retire (returning to my home country where my family lives).  Technically, I'm FI already if I moved to a LCOL place and could probably pull the trigger sooner, but I am very conservative and do not feel comfortable at the bare minimum.  There are various non-monetary considerations as well.
Title: Re: 2018 FIRE cohort
Post by: Gimesalot on April 06, 2015, 07:32:02 AM


Yeah, me, too. We're planning to move abroad, as well.  So I go between feeling pretty okay and "on top" of things, to freaking out completely.  So much to think about: How to "scaffold" our different savings/investment accounts, how to access them, tax implications, thinking about residency, etc.  It can get so incredibly overwhelming to think about.
[/quote]

Part of the downshift is to move to a state without income tax.  We are still trying to figure out if we want to go to Houston, Texas so I can keep working for the same company, just part time, or if we want to move to Washington and "figure it out when we get there."

I have been working on a to-do list of residency items.  It is soooo long.  I hope 6-months is enough to get it all done.
Title: Re: 2018 FIRE cohort
Post by: Retire-Canada on April 06, 2015, 07:43:08 AM
So, following from the other post, wondering how many of you (like me) have 2018 as your FIRE date.  Us, we're looking at June 2018. You?

I hope so. It really depends on the markets and how my investments do. They are earning more per year than my additions so the rate of return I get has a huge impact on my plans.

I'm also going to downshift and earn less so my additions will lessen each year.

Ultimately my plan is too dependent on the markets to be certain of a FIRE year. OTOH I will for sure get more and more time off to do what I love starting next week with Fridays off.

Good luck to everyone who's shooting for 2018.

-- Vik
Title: Re: 2018 FIRE cohort
Post by: Cougar on April 06, 2015, 08:23:33 AM
So, following from the other post, wondering how many of you (like me) have 2018 as your FIRE date.  Us, we're looking at June 2018. You?

I hope so. It really depends on the markets and how my investments do. They are earning more per year than my additions so the rate of return I get has a huge impact on my plans.


-- Vik

2nd that.

2018 is likely if the markets will do a nice and easy 7%, but that would make it the longest bull run in history; so i'm not optimistic on 2018.
Title: Re: 2018 FIRE cohort
Post by: Retire-Canada on April 06, 2015, 08:26:42 AM

2018 is likely if the markets will do a nice and easy 7%, but that would make it the longest bull run in history; so i'm not optimistic on 2018.

That is my concern as well and if we get a correction I may even work a bit more so I can add fresh $$ to my investments while they are priced lower.

The thing that is making me feel good about FIRE is not having a specific date, but having a robust plan that can deal with pretty much any outcome short of zombie apocalypse. ;)

-- Vik
Title: Re: 2018 FIRE cohort
Post by: CryingInThePool on April 06, 2015, 09:21:31 AM
I've already said that I'm in the class of 2016 since my target RE range is 2016-2018;  so I guess that means I also make the cut for 2018 :) .   I really should be done with work bucket list/OMY Syndrome by 2018...

Title: Re: 2018 FIRE cohort
Post by: myhotrs on April 06, 2015, 02:58:03 PM
Planning on March-April 2018 (bonuses and profit sharing hit in March) if all goes well. Too far away to be real, but close enough that I want to tell my employer to go %$#%# themselves every Monday.
Title: Re: 2018 FIRE cohort
Post by: zinethstache on April 06, 2015, 03:05:44 PM
The latest I plan to FIRE is two weeks into Jan 2018 so I can get my bonus...now, that is the absolute latest I will OMY. This is my first OMY year because magically all my numbers point to me being fully FI NOW. Ack... Im not ready for it yet...

DH who is only mostly on board with MMM, wants me to work until 55, double ack. He retired in 2011, wouldn't you think he'd want me to join him asap? He's got OMY worse than I have!

A job is a very big thing to let go of. I actually like my career and am paid very well for it so it could be much worse.
Title: Re: 2018 FIRE cohort
Post by: Cherry Lane on April 06, 2015, 06:29:31 PM
Planning on March-April 2018 (bonuses and profit sharing hit in March) if all goes well. Too far away to be real, but close enough that I want to tell my employer to go %$#%# themselves every Monday.

This is me, too! (except that profit sharing thing)  Three years seems like a really long time to keep working, but I think I have to.  My earliest exit would be July, 2017, but will more likely be early 2018.
Title: Re: 2018 FIRE cohort
Post by: 2lazy2retire on April 07, 2015, 09:16:52 AM
Planning on March-April 2018 (bonuses and profit sharing hit in March) if all goes well. Too far away to be real, but close enough that I want to tell my employer to go %$#%# themselves every Monday.

Same here, including the Monday morning feeling
Title: Re: 2018 FIRE cohort
Post by: Numbers Man on April 07, 2015, 09:24:08 AM
Spring to Summer of 2018 is my target right after we close on selling the McMansion.
Title: Re: 2018 FIRE cohort
Post by: brooklynguy on April 07, 2015, 11:28:27 AM
I'm targeting 2018 too.

To the various posters above who are rooting for continued high market returns:  keep in mind that for as long as you choose to remain in the accumulation phase, poor market returns are your friend.

If the market continues to defy gravity and powers my portfolio to "my number" before 2018, I will probably keep working until then anyway.  I can already feel the first pangs of early-onset OMY syndrome...
Title: Re: 2018 FIRE cohort
Post by: CanuckExpat on April 07, 2015, 02:46:31 PM
My wife and I are targeting 35, kind of arbitrary, but we like round numbers (http://www.fi35.com/why-retire-at-35#round_numbers). The only thing is we never really specified if it's when she turns 35, or I do. There are about four months in 2018 when we are both 35, so I guess somewhere in first quarter of 2018 it is :)

(Is there a thread for 2017 cohort as well? My searching failed me)

Our actual timing of being FI or not and if we meet that goal for ER depends on a lot of things including if we move or not, how markets do, how much kids actually end up costing, or one/both of us stops working full time before that date.

But for now, count us in :)

Where's the party in 2018?
Title: Re: 2018 FIRE cohort
Post by: Kris on April 07, 2015, 07:03:15 PM
I just found out today that we'll have to move our FIRE date back by three months, to November 2018 in order for my husband to be eligible for his (small, but still useful) pension from his job.  Can't leave money on the table!  At least it didn't kick us out of the 2018 cohort! 

Title: Re: 2018 FIRE cohort
Post by: Lian on April 16, 2015, 08:16:57 PM
I'm planning on mid-2018, depending on how the investments do. I can see maybe pushing it to 2019, though that will depend on how I'm feeling about my job.
Title: Re: 2018 FIRE cohort
Post by: Wile E. Coyote on April 16, 2015, 08:27:01 PM
I have October 2018 as my date at the moment, but am thinking of maybe moving it up to early 2018, maxing 401(k) and pulling the plug. Either way, I'm in!😃
Title: Re: 2018 FIRE cohort
Post by: Bateaux on April 17, 2015, 01:21:35 AM
2018!
Title: Re: 2018 FIRE cohort
Post by: Cherry Lane on April 17, 2015, 06:29:12 AM
I have October 2018 as my date at the moment, but am thinking of maybe moving it up to early 2018, maxing 401(k) and pulling the plug. Either way, I'm in!😃
This is why I'm in 2018 instead of 2017.  I'll stay long enough into 2018 to max all the tax-deferred contributions.
Title: Re: 2018 FIRE cohort
Post by: Mississippi Mudstache on April 17, 2015, 09:16:29 AM
I don't have a FIRE date planned yet, but I just wanted to say that it makes me happy that someone else uses the word "cohort".
Title: Re: 2018 FIRE cohort
Post by: RetireAbroadAt35 on April 17, 2015, 10:44:22 AM
May of 2018 by my most likely projection.  I don't know if I'll make it that long.

Possible alternate plans:

1) Leave early and take a lower paying job, ultimately working longer but with better balance
2) Quit and take a sabbatical, going back to full-time work when I'm recharged.  I've done this before.
3) Retire to a low COL country ... I could do that today.  Arg.

Title: Re: 2018 FIRE cohort
Post by: Bateaux on April 19, 2015, 10:45:26 AM
Depends on the market, the 2016 election results and just how much more bullshit I get from work.  I may be looking at March 2017 now.  $10,000 paper loss in the market on Friday.   Discouraging yes but it was a less than 1% loss. Will I handle a 100k or 200k loss and not postpone FIRE?  Well shall see. It's much easier to think about FIRE in this bull market.
Title: Re: 2018 FIRE cohort
Post by: dividendman on April 19, 2015, 11:04:31 AM
Bwa? It depends on election results? Why?
Title: Re: 2018 FIRE cohort
Post by: Sofa King on April 19, 2015, 01:36:41 PM
March 2018. But it could also happen near the end of 2017.
Title: Re: 2018 FIRE cohort
Post by: NICE! on April 19, 2015, 02:06:15 PM
Shoot, it looks like our FI date is 2019. If the market goes insane or DW gets a high salary job, we may be in the 2018 camp.

You know what, screw it. It is better to have a stretch goal than a goal that isn't too difficult to obtain. Put me down for '18, but don't be surprised if it is '19 or '20.
Title: Re: 2018 FIRE cohort
Post by: Calvin on April 19, 2015, 02:40:00 PM
I'll join this. My tentative FIRE date is March/April 2018. That's if I just work straight until then. I do have some other options I'm considering:

- If I get a successful side business up, I might quit a year earlier to travel for an extended period.
- If I get into a better position at work so that I'm doing stuff I really enjoy, I'll probably try to request part time instead of quitting.

Right now, the name of the game is to just be patient I guess, while also continuing to interview for other internal positions.
Title: Re: 2018 FIRE cohort
Post by: Roadhog on April 19, 2015, 03:38:01 PM
As of today, the goal is October 2017.   Hope it doesnn't push into 2018!
Title: Re: 2018 FIRE cohort
Post by: MandyM on September 16, 2015, 11:58:17 AM
I will likely consider myself FI towards the end of 2017, but delay pulling the plug until early 2018. If work got unbearable, I would walk in 2016 and pick up some side work, which is what I was originally planning. Due to some staffing changes in the last year, I find my job fairly enjoyable these days and have pushed out RE until I would no longer need any PT to get through.
Title: Re: 2018 FIRE cohort
Post by: Cheddar Stacker on September 18, 2015, 09:12:16 AM
I turn 40 in the summer of 2018. Stretch goal is to retire before I turn 40. There are hundreds of variables, the biggest being a high level of family monthly/annual expenses. If I can manage to reign in expenses over the next three years it would be easy to reach this goal. As it stands now, it's a longshot.

But I'm in for now. Memorial day (5/28) week seems like as good a time as any, so I'm setting the goal post at 6/1/18. That means I need to give notice on 5/18/18. That's 32 months from today. I likely wouldn't be officially FI yet by then, but I plan to retire first, then get rich.
Title: Re: 2018 FIRE cohort
Post by: myhotrs on September 19, 2015, 11:24:12 PM
Thats awesome Cheddar, I'll be 39 in 2018 and very much want the "before 40" thing. You'll do it too. The closer it gets the more real and exciting it'll become and progress will surprise you. I'm way ahead of where I thought I'd be now and the wife is much more onboard the last few months and is actively attacking expenses. I'm even thinking I might sneak into 2017, its very exciting.
Title: Re: 2018 FIRE cohort
Post by: ozbeach on September 19, 2015, 11:51:18 PM
I have FIREarlier ( not early!) in Oct 2018. I doubt it will be any earlier. At that point I'm hoping to take 8- 9 months long service leave on half pay, then all being well, resign.

Hey Happy - we seem to have almost the same plan. I'm down for the class of 2016 on the basis that I'll be taking long service leave at the end of next year for twelve months and, like you, all being well, resign. But I'm open to being swayed by OMY -- I may go back (and if so probably part time) for a year which would take me nicely up to my 55th birthday which, way way back when I was 17 and started work was the age that "everyone" retired.  So, I'm in this thread too now so I can follow along just in case!
Title: Re: 2018 FIRE cohort
Post by: happy on September 20, 2015, 02:55:51 AM
Hi Ozbeach, I think I might have commented on our similar plans somewhere else. October suits me coz it will give me the summer off ( I live on the coast), and its optimal tax wise. I won't resign, but I've promised myself I'll be out at 60 which happens during the LSL period. It will take some major financial calamity for me to keep going, although I occasionally think I'll work July to October after the leave, which would give me another years expenses.

60 is pretty late on these boards but I really only got the idea of earlier retirement  at the beginning of 2012, I thought I'd be going til 67. Better late than never :)
Title: Re: 2018 FIRE cohort
Post by: Monkey Uncle on September 20, 2015, 04:31:09 AM
Tentatively planning on the end of December 2018.  That will allow me to get paid for all the extra annual leave I accumulate in 2018, but can't carry over to 2019.  I can carry 240 hrs from one year to the next.  If I start 2018 with the max 240 carryover and don't use any annual leave that year, I'll have 422 hours when I bail at the end of the year.  That will be an approximately $18,000 severance bonus, vs. around $10,000 if I waited until January 2019.

Of course, this all depends on where the stash stands and what happens to the ACA between now and then.
Title: Re: 2018 FIRE cohort
Post by: ozbeach on September 20, 2015, 04:34:57 AM
60 is pretty late on these boards but I really only got the idea of earlier retirement  at the beginning of 2012, I thought I'd be going til 67. Better late than never :)

Couldn't agree more - in fact it's my sig block :)
Title: Re: 2018 FIRE cohort
Post by: Bateaux on October 13, 2015, 01:17:14 AM
In just 870 days I will be hiking the AT.  It's all I can think about most days.
Title: Re: 2018 FIRE cohort
Post by: DeSteeg on October 30, 2015, 12:03:16 PM
We are planning on FIRE in October/November 2018 and bikepacking SE Asia as our reward. :) Can't freaking wait...
Title: Re: 2018 FIRE cohort
Post by: Kris on October 30, 2015, 04:12:24 PM
I love when every once in awhile, this thread that I created jumps back up to the top! :)
Title: Re: 2018 FIRE cohort
Post by: patrickza on October 31, 2015, 01:40:18 AM
I'm in for 28 December 2018. Why? The next day  I turn 40! There are a couple of circumstances that could bring it in earlier, but barring some truly spectacular offer from work, there won't be much chance I'll hang in past that day. I should have a couple of months of leave saved up then too, which I'm going to try and take rather than pay out. That way I get three months extra health coverage and pension benefits.
Title: Re: 2018 FIRE cohort
Post by: happy on October 31, 2015, 04:53:02 AM
My date is mid October, so I'm now celebrating that I have less that 3 years to go :D
Title: Re: 2018 FIRE cohort
Post by: MandyM on November 05, 2015, 06:19:38 AM
I'm in for 28 December 2018. Why? The next day  I turn 40! There are a couple of circumstances that could bring it in earlier, but barring some truly spectacular offer from work, there won't be much chance I'll hang in past that day. I should have a couple of months of leave saved up then too, which I'm going to try and take rather than pay out. That way I get three months extra health coverage and pension benefits.

We were born on the same day, same year :) My FIRE date shifts around based on my mood, but I'm definitely leaving before 40 as well.
Title: Re: 2018 FIRE cohort
Post by: FIBy30 on November 11, 2015, 01:40:15 PM
Sign me up! Wife and I are set for a January 2018 departure!  Stoked to share goals and progress with you guys!
Title: Re: 2018 FIRE cohort
Post by: iamlindoro on November 24, 2015, 03:13:56 PM
12/31/18 is a possibility for us if things go according to plan and we decided to FIRE on the lower end of our desired monthly expenses.  Right now the expected SWR/monthly income at the end of the next few years is:

End of 2015: ~$900
End of 2016: ~$1900
End of 2017: ~$2715
End of 2018: ~$3425

If we pushed out one more year to 2019, we'd be between $4500-$5000 a month.  It may be tempting to do that one last year to allow us to travel more extensively, but it will surely be somewhere in that range.
Title: Re: 2018 FIRE cohort
Post by: backandforth on December 04, 2015, 11:13:14 AM
We are, or more like I am, shooting for summer 2018, before either of us turn 40. My husband may work longer, he is sort of a workaholic but let's see. Like MMM said, that sh*t gets old :) We should have enough even without much downsizing by then, assuming no huge surprise in life between now and then and we don't pay for Ivy league for the kids. Our kids will still be still very young in 3 years so I can enjoy a few years of "mommy is awesome" before the teen years come :)

Never thought I would say this, but maybe I will enjoy being SAHM for a few years.
Title: Re: 2018 FIRE cohort
Post by: NearlyThere on December 05, 2015, 05:19:54 AM
In just 870 days I will be hiking the AT.  It's all I can think about most days.

Appalachian trail?
Title: Re: 2018 FIRE cohort
Post by: albireo13 on December 05, 2015, 07:19:19 AM
I am turning 60 and just found MMM this year.  My stretch goal is to retire in May, 2017.  My wife wants me to keep working until I'm 65
(fat chance).  I guess she thinks I'll be just flopping around the house getting underfoot. 

  Realistically it is more likely I'll retire in mid-2018.   I just started a product development cycle at work.  I design medical ultrasound imaging systems.
Interesting work but the corporate BS and politics are getting to me.  It is scheduled for production release in mid-2018 so, that would be a great time for me to pull the plug.    I don't know if I can hang on that long and keep my sanity though.  I will be 62yo then.
 
  I'll pencil in June 1, 2018 as my FIR date.  That way I can enjoy that summer!  : )
I know I'm probably an old fart on this forum but, I had always felt I'd have to work to >65yo before I could afford to retire.
The MMM blog and forums has given me inspiration!
Title: Re: 2018 FIRE cohort
Post by: happy on December 05, 2015, 02:40:48 PM
Albireo13, there are a few of us oldies. I'll be 60 when I retire.  I always thought I'd be working til 67. 7years less is good to me.
Title: Re: 2018 FIRE cohort
Post by: myhotrs on December 31, 2015, 10:30:20 PM
Just did my year end accounting and I'm movin' to the 2017 cohort (might even be very late 2016)! See yall around the forum and Happy New Year everyone!
Title: Re: 2018 FIRE cohort
Post by: NearlyThere on January 01, 2016, 02:25:10 AM
All being well I'll be joining the 2017 cohorts, but I'm confident that FIRE will be achieved for sure in 2018.

Good luck to everyone and happy new year as well
Title: Re: 2018 FIRE cohort
Post by: happy on January 01, 2016, 04:06:54 AM
Thats great  news guys. My date is in October, so I really doubt I can go in 2017. That being said, I've just done my end of year figures and am 50-100k ahead of where I would be from projections in early 2013.  If I could repeat that, then yes I'd cut off a year or so. However  I'm not able to cut too much more from expenses and I'm making much more concrete projections  that are more accurate these days, so I'd be surprised if I end up ahead again.
Title: Re: 2018 FIRE cohort
Post by: Retire-Canada on January 06, 2016, 05:59:21 PM
My plan is to stop working full-time 1 Jan 2018. If I hit my FIRE savings/investing goal I can stop working regularly. More likely given the crappy state of the markets I will need to work part-time regularly until my investments get to my goal on their own.

I'm not sure what part-time will look like. I'd like to shoot for 3-4 months off in 2018 and work towards ~6 months off a year. Figuring out how I'll manage this part-time work is one of my goals for the next couple years.

Not sure if this plan gets me into the 2018 cohort or not?
Title: Re: 2018 FIRE cohort
Post by: Jon_Snow on January 06, 2016, 06:10:23 PM
Why don't you start a 2018 semi-FIRE cohort thread? :)
Title: Re: 2018 FIRE cohort
Post by: Retire-Canada on January 06, 2016, 07:07:02 PM
Why don't you start a 2018 semi-FIRE cohort thread? :)

It could be lonely. ;)
Title: Re: 2018 FIRE cohort
Post by: happy on January 07, 2016, 03:47:18 AM
I reckon you can go in any cohort you nominate.  If you are working part -time intermittently you can define yourself as retired if you want.  MMM and Exflyboy have.
Title: Re: 2018 FIRE cohort
Post by: Basenji on January 28, 2016, 01:42:48 PM
My firm date is the day before my 50th birthday, in December 2018. My husband will do another 4 years after that, only because he could pick up a federal worker retirement then. I'd like to go today, but it will be good to be really prepared. Good luck everyone!
Title: Re: 2018 FIRE cohort
Post by: Financial Ascensionist on January 31, 2016, 09:30:19 PM
I just reviewed my numbers and I'm set for June 2018.  I will be FI shortly before June this year, then I will spend the next two years adding some safety margin.  After I FIRE, I want to spend more time training for climbing.  My goal is to climb El Capitan no later than two years after I fire.  I am very excited to be part of the class of 2018!
Title: Re: 2018 FIRE cohort
Post by: Monkey Uncle on February 01, 2016, 04:03:15 AM
With the US market having gone basically nowhere for the last year and a half, are any of you getting concerned about making your projected FIRE date?  I re-ran my cFiresim numbers about a month ago, and everything still seemed to be o.k. at that time.  I haven't checked since the recent decline; I figure it's not healthy to obsess about it constantly (yet I'm writing this post!).  I guess a lot depends on whether we end up in a full-fledged bear market, or if things turn and go back up from here.  Just before FIRE is the second-worst time for a bear market (just after being the worst time, of course).  Oh well, there isn't much we can do about it but stick to our asset allocation and keep saving as long as the salary is still coming. 
Title: Re: 2018 FIRE cohort
Post by: brooklynguy on February 01, 2016, 09:21:56 AM
I guess a lot depends on whether we end up in a full-fledged bear market, or if things turn and go back up from here.  Just before FIRE is the second-worst time for a bear market (just after being the worst time, of course).

We've still got almost two full years before 2018 even commences.  A hopeful 2018 retiree could hardly ask for a better market trajectory right now than a full-fledged bear market of average duration, which would end just in time to coincide with the transition out of the accumulation phase.
Title: Re: 2018 FIRE cohort
Post by: Cookie78 on February 01, 2016, 09:44:43 AM
My plan is to stop working full-time 1 Jan 2018. If I hit my FIRE savings/investing goal I can stop working regularly. More likely given the crappy state of the markets I will need to work part-time regularly until my investments get to my goal on their own.

I'm not sure what part-time will look like. I'd like to shoot for 3-4 months off in 2018 and work towards ~6 months off a year. Figuring out how I'll manage this part-time work is one of my goals for the next couple years.

Not sure if this plan gets me into the 2018 cohort or not?

It absolutely does! Because you rock!

I get so excited seeing people's awesome plans.
Title: Re: 2018 FIRE cohort
Post by: Basenji on February 01, 2016, 10:17:36 AM
Not sure if this plan gets me into the 2018 cohort or not?

There are no retirement police here, we're cool.

It absolutely does! Because you rock!
I get so excited seeing people's awesome plans.
Me too.
Title: Re: 2018 FIRE cohort
Post by: Financial Ascensionist on February 01, 2016, 01:51:53 PM
I am also very happy that stocks are now at a great discount.  The current market fluctuation does not change my FIRE date, but it is very likely to improve my lifestyle after FIRE.  One way or the other, the current fluctuation is perfectly within the expected range and my plans already took that possibility into account.
Title: Re: 2018 FIRE cohort
Post by: Bateaux on February 01, 2016, 02:14:09 PM
The market is doing exactly what I want it to right now!  With 758 days until FIRE and the start of my AT hike its starting to get real.  Where am I now financially?   100k below last years max but ahead of last year's start.  Pouring every available dime into the market now.  There is an extreme level of confidence when the market takes a huge loss and you are still worth well over a million dollars.  FIre-Calc says I could retire today and still have 100 percent chance of not out living the planned withdrawal. I'm watching this election and how things shake out over the next two years before leaving behind a 6 figure income.  I'm in a job with 1/2 the stress of the one I had a year ago.  So I can go beyond 2018 if needed but I'm ready to play.  Get here guys.     
Title: Re: 2018 FIRE cohort
Post by: Monkey Uncle on February 02, 2016, 04:02:03 AM
I guess a lot depends on whether we end up in a full-fledged bear market, or if things turn and go back up from here.  Just before FIRE is the second-worst time for a bear market (just after being the worst time, of course).

We've still got almost two full years before 2018 even commences.  A hopeful 2018 retiree could hardly ask for a better market trajectory right now than a full-fledged bear market of average duration, which would end just in time to coincide with the transition out of the accumulation phase.

That all depends on how big your stash is going into the bear market and how deep the decline is.  If you've still got enough to FIRE on when the bear market ends, then yes, that is a great situation.  If not, FIRE is going to have to wait.
Title: Re: 2018 FIRE cohort
Post by: Irishtache on February 10, 2016, 07:28:01 AM
I have been running the numbers a lot this week and getting to grips with the complex tax and other statutory deductions here in Ireland. Long story short, we will be able to retire ( a little early) in 2018 at ages 58 & 55 respectively. Our expenses will drop as the home mortgage dies, the rental house will be sold and our youngest will have finished or nearly finished Masters degree (about €10k per annum costs). Deducting all of those expenses, plus selling one car and destroying the associated expenses(insurance, diesel, tyres, tax), we will be in a better NET position monthly than we are now and we are luckily very comfortable. We will also have about €200k cash from retirement lump sums and savings to pad this out. Our pensions are public service so not dependent on the stock market. The only concern is sacrificing a few years of great saving before retirement but I think we want to do things when we are youngish enough to enjoy rather than retire a few years later, knackered from sedentary lifestyles but with a few more thousand in the bank. I am super excited about this. I don't want to tempt fate but....Roll on 2018!!
Title: Re: 2018 FIRE cohort
Post by: happy on February 11, 2016, 01:24:13 AM
Happy the market is correcting now:) The last thing I wanted  was more overvaluing in the next 2 years, then a correction.
Title: Re: 2018 FIRE cohort
Post by: davisgang90 on February 11, 2016, 03:28:13 AM
The market won't have any impact on my decision since I've got a government pension that kicks in when I retire in July 2018.  The plan is to live on that and use a 4% withdrawal (via Roth 5 year conversion ladder) for extra "fun" money.  Plus I will most likely find a part time job or start turning my photography hobby into more of a business.
Title: Re: 2018 FIRE cohort
Post by: Libertea on February 13, 2016, 11:39:42 PM
Why don't you start a 2018 semi-FIRE cohort thread? :)

It could be lonely. ;)
No, I'm planning to semi-retire in 2018 also.  I could totally retire if I wanted, but where's the fun in that?  As many have pointed out, the goal is less to avoid working altogether, and more to avoid working on someone else's projects, following their timetables, just because I need money.
Title: Re: 2018 FIRE cohort
Post by: Pylortes on March 14, 2016, 09:50:04 PM
I'm going to go ahead and target 6/1/18. My FIRE will include relocation to a warmer climate and this date will coincide with a child finishing elementary school. I'm thinking of taking 6-12 months completely off to focus on the move, setting up a new life in a new area and deciding what interests me.  After that point I'll reassess whether I'd like to get a job in retirement on my terms- part time or seasonal only to keep me somewhat busy and bring in a little income.  But maybe not! I'll be in my very early 40's so I should have plenty of options to choose which route I want to go.

A couple things I want to do: learn to cook, get in tip top physical shape and build in daily excercise, expand (or create a social network since I'll be in a new location), set up a salt water aquarium, pick a few volunteer activities, coach youth sports (and possibly referee HS/college sports), travel, help my kids with school/homework.  But probably not all at once!
Title: Re: 2018 FIRE cohort
Post by: Financial Ascensionist on March 15, 2016, 11:30:31 PM
Pylortes,
this sounds like a really amazing plan.  Welcome to the class of 2018!
Title: Re: 2018 FIRE cohort
Post by: Pylortes on March 16, 2016, 10:54:36 AM
Thanks- by the way I read your recent rock climbing retirement spots thread- not necessarily my thing but I do love hiking so I  see the appeal, that sounds likes a great way to spend your time after hanging it up!  Have you narrowed down your possible re-location spots any further yet?
Title: Re: 2018 FIRE cohort
Post by: Financial Ascensionist on March 16, 2016, 11:45:51 PM
I will almost certainly end up in Las Vegas.  It's very affordable, flights there are ridiculously cheap and Red Rocks has enough routes to keep someone busy for a lifetime.  I will be doing a climbing trip there in a month to see if it's as good as the guidebooks suggest.
Title: Re: 2018 FIRE cohort
Post by: aperture on April 06, 2016, 08:54:54 PM
I am planning to retire 10/1/18, but may go anywhere between 7/1/18 and 12/31/18.  After a long day of hard work (like today), it is hard to imagine anything more lovely than waking up after the sun has risen and drinking coffee on the back porch. 
Title: Re: 2018 FIRE cohort
Post by: rocklebock on May 07, 2016, 07:07:23 PM
I'm signing up for 2018, though I think my actual FIRE date could be anywhere between the end of 2017 and sometime in 2019. Mainly depends on if we have a kid and what we decide to do after that happens.
Title: Re: 2018 FIRE cohort
Post by: Cheddar Stacker on May 07, 2016, 08:11:29 PM
I'm signing up for 2018, though I think my actual FIRE date could be anywhere between the end of 2017 and sometime in 2019. Mainly depends on if we have a kid and what we decide to do after that happens.

On behalf of the class, I hereby, heretofore, coincidently, and without contingency or recourse accept your application. Welcome to FIRE 101. Don't burn yourself rocklebock.
Title: Re: 2018 FIRE cohort
Post by: sun and sand on May 07, 2016, 09:31:18 PM
Why don't you start a 2018 semi-FIRE cohort thread? :)

It could be lonely. ;)

No, I think I would like that thread.
Title: Re: 2018 FIRE cohort
Post by: aperture on May 07, 2016, 11:00:04 PM
Part of the challenge of a proximate FIRE date is to successfully transition into the life I imagine I want to live.  I hope that FIRE includes a return to more physical activity and more outdoor time. I would also like to be greener.  So after lots of thought and consideration, I ordered an eBIKE today. 

http://www.radpowerbikes.com/pages/radwagon (http://www.radpowerbikes.com/pages/radwagon)

This one will allow trips to the grocery store, library, carrying of photo equipment and general transport around the town.  I am going to commit to routine commuting to work and see how much I can eliminate use of a car. This makes me very happy, makes me feel a little closer to the life I want to be living now and in retirement.  -Ap
Title: Re: 2018 FIRE cohort
Post by: Retire-Canada on May 08, 2016, 08:14:16 AM
No, I think I would like that thread.

Given how little action this thread sees I'd say it's fine to post 2018 semi-FIRE content here.

I'm busily saving away with a 1 Jan 2018 target date to transition to a serious downshift. It's possible I could FIRE fully by then if the markets were to cooperate, but so far that's not looking like it's going to happen.

So most likely I'll get close to FIRE and free up spare time by downshifting while not drawing down my investments. I'll just re-invest dividends and let them grow until they reach my FIRE target on their own.

It's not as clear cut or "beautiful" a plan as other folks have, but I came at this later in life so ensuring I get lots of free time while my health is strong is more important than getting to FIRE as fast as possible.
Title: Re: 2018 FIRE cohort
Post by: EnjoyIt on May 08, 2016, 09:00:37 AM
duplicate, sorry
Title: Re: 2018 FIRE cohort
Post by: EnjoyIt on May 08, 2016, 10:17:17 AM
Why don't you start a 2018 semi-FIRE cohort thread? :)

It could be lonely. ;)

No, I think I would like that thread.

I'm signing up for semi-FIRE for Fall of 2018.  I hope over the next 2.5 years this thread keeps popping up.  I will kick off my semi-FIRE with a 3 week international vacation.  Most of it will be on miles.
Title: Re: 2018 FIRE cohort
Post by: rocklebock on May 08, 2016, 10:21:18 AM
I'm signing up for 2018, though I think my actual FIRE date could be anywhere between the end of 2017 and sometime in 2019. Mainly depends on if we have a kid and what we decide to do after that happens.

On behalf of the class, I hereby, heretofore, coincidently, and without contingency or recourse accept your application. Welcome to FIRE 101. Don't burn yourself rocklebock.

Thanks Cheddar Stacker!
Title: Re: 2018 FIRE cohort
Post by: Libertea on May 09, 2016, 08:38:31 AM
Why don't you start a 2018 semi-FIRE cohort thread? :)

It could be lonely. ;)

No, I think I would like that thread.
Lots of us would.  I have actually moved up my quit date for my day job by a year, to March of 2017.  So I guess I don't technically fit into this thread any more either, but I'm not going to really be retired OR fully FI in 2017, so I still kinda do....
Title: Re: 2018 FIRE cohort
Post by: dividendman on May 25, 2016, 11:24:01 AM
My original 10 year plan, when I was 25 and was in debt, was to FIRE at 35 - meaning 2017 in the summer. But I wanted a $1 M back then, so I adjusted it to 2018 summer using some projections. I am thinking of pulling the trigger earlier now though.

I should be FI (pay for all my expenses, but NOT living in Silicon valley, with 4% rule) in the next 6-12 months. I don't think I will be able to stick out my job when I'm FI for very long. Even now, with a pretty big stash for a single guy (~500K), I have zero motivation at my current gig and slogging it to work every day is killing my soul.

Welp, turns out I was right. I can't make it another 2 years doing this. Morning meetings, night meetings, etc. I just had a day with meetings from 8am to midnight pretty much solid. So, I'm pulling the plug early. Sorry to abandon the super-awesome 2018 FIRE cohort. I'm more semi-REing in a few months and just relaxing to see how I like it. I will likely do some work in the next couple of years. Hopefully I can still be an honorary 2018 member :P

Good luck folks!
Title: Re: 2018 FIRE cohort
Post by: Retire-Canada on May 25, 2016, 11:49:27 AM
Welp, turns out I was right. I can't make it another 2 years doing this. Morning meetings, night meetings, etc. I just had a day with meetings from 8am to midnight pretty much solid. So, I'm pulling the plug early. Sorry to abandon the super-awesome 2018 FIRE cohort. I'm more semi-REing in a few months and just relaxing to see how I like it. I will likely do some work in the next couple of years. Hopefully I can still be an honorary 2018 member :P

Good luck folks!

Congrats! One of the greatest gifts you can give yourself is the freedom to stop a shitty situation and re-group. Having saved strongly for FIRE you have that flexibility and freedom even if your FIRE is not fully funded.

Take it easy and find some work that doesn't suck. :)
Title: Re: 2018 FIRE cohort
Post by: Gimesalot on May 25, 2016, 12:11:44 PM
I have a question for the 2018 cohort...

Has the lack of returns in the stock market impacted your plans to FIRE in 2018?

Me:  At first, I was really optimistic that we would be able to reach our number by the end of 2017 to FIRE early 2018.  Now, given that for the last year and a half or so, our investments have not increased in value beyond what we have deposited, I am worried that we won't get there.  I am thinking I might have to downshift but not completely FIRE :(
Title: Re: 2018 FIRE cohort
Post by: dividendman on May 25, 2016, 12:46:33 PM
I actually think the opposite. If the market stays flat or goes down a bit for a couple of years it de-risks that there will be a big drop right after you pull the RE trigger.

That said, markets can do crazy things.
Title: Re: 2018 FIRE cohort
Post by: Gimesalot on May 25, 2016, 01:11:53 PM
I actually think the opposite. If the market stays flat or goes down a bit for a couple of years it de-risks that there will be a big drop right after you pull the RE trigger.

That said, markets can do crazy things.
I guess my concern is more that we were counting on growth from both contributions and returns.  We have only had growth from contributions which leaves us about $25k short of where we wanted to be. In terms of stability going forward, I agree with your assessment.
Title: Re: 2018 FIRE cohort
Post by: rocklebock on May 25, 2016, 01:23:54 PM
I have a question for the 2018 cohort...

Has the lack of returns in the stock market impacted your plans to FIRE in 2018?

Me:  At first, I was really optimistic that we would be able to reach our number by the end of 2017 to FIRE early 2018.  Now, given that for the last year and a half or so, our investments have not increased in value beyond what we have deposited, I am worried that we won't get there.  I am thinking I might have to downshift but not completely FIRE :(

Right now I think it would have to get really, really bad - like 2008 bad - for me to change my plans significantly. But I already plan on working some after FIRE anyway.
Title: Re: 2018 FIRE cohort
Post by: ZiziPB on May 25, 2016, 01:41:17 PM
I have a question for the 2018 cohort...

Has the lack of returns in the stock market impacted your plans to FIRE in 2018?

Me:  At first, I was really optimistic that we would be able to reach our number by the end of 2017 to FIRE early 2018.  Now, given that for the last year and a half or so, our investments have not increased in value beyond what we have deposited, I am worried that we won't get there.  I am thinking I might have to downshift but not completely FIRE :(

I was very conservative in my projections - planned on basically zero returns between now and 2018.  So no change for me.  Some healthy market growth in the near future might cause me to accelerate to 2017 but if we keep on treading water for the next year or 2, I'm still on target for April 1, 2018.
Title: Re: 2018 FIRE cohort
Post by: Retire-Canada on May 25, 2016, 03:23:59 PM
Me:  At first, I was really optimistic that we would be able to reach our number by the end of 2017 to FIRE early 2018.  Now, given that for the last year and a half or so, our investments have not increased in value beyond what we have deposited, I am worried that we won't get there.  I am thinking I might have to downshift but not completely FIRE :(

I need some decent returns to hit full FIRE, but I plan to downshift in 2018 and although I wouldn't say that's totally independent of market performance [a 50% crash would see me work FT a bit longer to have extra cash to invest] it doesn't require me to hit a specific number.
Title: Re: 2018 FIRE cohort
Post by: EnjoyIt on May 26, 2016, 12:55:33 AM
Honestly I would rather work another year or two because markets are down and build up the stache than to retire at the top of the market and have it crash a few months later.

Title: Re: 2018 FIRE cohort
Post by: Monkey Uncle on May 26, 2016, 04:22:16 AM
I have a question for the 2018 cohort...

Has the lack of returns in the stock market impacted your plans to FIRE in 2018?

Me:  At first, I was really optimistic that we would be able to reach our number by the end of 2017 to FIRE early 2018.  Now, given that for the last year and a half or so, our investments have not increased in value beyond what we have deposited, I am worried that we won't get there.  I am thinking I might have to downshift but not completely FIRE :(

I expressed a similar concern earlier in the thread.  It turned out to be unfounded (so far).  In fact, cFiresim numbers indicate that I could probably pull the plug earlier than I had planned.  Though that's not so much because of stash growth as it is due to my initial FIRE date estimate being conservative.
Title: Re: 2018 FIRE cohort
Post by: happy on May 26, 2016, 05:38:16 AM
If I look at contributions only as an increase to my stash, then I will still be able to go in 2018, although the stash is a bit tighter. My projections have always been conservative so it still works, although I miss seeing the stash overshoot them. However, with the market still relatively over valued, then if we had further growth,  that would make me more nervous about a crash and sequence of returns risk as soon as I retired. So I'm content with how things are going right now. My first step in my retirement sequence will be to take 8 months long service leave at half pay. I can truly give retirement a test run over that period of time.  If everything is in order I will resign at the end of that. If not, I will leave the gate open to return for about 3 months which will earn me another year in the stash. If I had to I could keep going after that, but the way its looking right now that would just be pointless OMY.
Title: Re: 2018 FIRE cohort
Post by: aperture on May 26, 2016, 08:36:22 PM
Part of the challenge of a proximate FIRE date is to successfully transition into the life I imagine I want to live.  I hope that FIRE includes a return to more physical activity and more outdoor time. I would also like to be greener.  So after lots of thought and consideration, I ordered an eBIKE today. 

http://www.radpowerbikes.com/pages/radwagon (http://www.radpowerbikes.com/pages/radwagon)

This one will allow trips to the grocery store, library, carrying of photo equipment and general transport around the town.  I am going to commit to routine commuting to work and see how much I can eliminate use of a car. This makes me very happy, makes me feel a little closer to the life I want to be living now and in retirement.  -Ap

May 26 - about three weeks later and I have been riding back and forth to work every day that I don't have midday meetings offsite.  That means about 3 times per week.  I have also logged some miles after work and on weekends.  I love the eBike. If any of you are thinking about it, I encourage you to take what ever steps will help you decide.  This has definitely been one of the best investments I have made this year. -Ap
Title: Re: 2018 FIRE cohort
Post by: Retire-Canada on May 27, 2016, 07:15:03 AM
May 26 - about three weeks later and I have been riding back and forth to work every day that I don't have midday meetings offsite.  That means about 3 times per week.  I have also logged some miles after work and on weekends.  I love the eBike. If any of you are thinking about it, I encourage you to take what ever steps will help you decide.  This has definitely been one of the best investments I have made this year. -Ap

I tried a high quality e-bike in fact I was given the bike to review and could have kept it for free. I used it for a month and gave it away to a friend. I can ride my pedal bikes up to 25kms without thinking about it too much [~1hr's ride] and I didn't enjoy the extra weight/drag of the battery/motor nor the hassles of charging a bike before use just to get some extra help up steep hills which is the only place I saw a huge difference in my experience.

Title: Re: 2018 FIRE cohort
Post by: Brokenreign on May 27, 2016, 09:48:59 AM
I have a question for the 2018 cohort...

Has the lack of returns in the stock market impacted your plans to FIRE in 2018?

Me:  At first, I was really optimistic that we would be able to reach our number by the end of 2017 to FIRE early 2018.  Now, given that for the last year and a half or so, our investments have not increased in value beyond what we have deposited, I am worried that we won't get there.  I am thinking I might have to downshift but not completely FIRE :(

I was very conservative in my projections - planned on basically zero returns between now and 2018.  So no change for me.  Some healthy market growth in the near future might cause me to accelerate to 2017 but if we keep on treading water for the next year or 2, I'm still on target for April 1, 2018.

Same! My Spreadsheet assumed measly 3% returns, mostly for dividends and interest. Real returns would just be a nice little bonus to move things along quicker. We plan to have a couple years of cash on hand to cover travel and to reduce the effects of a portfolio drop soon after FIRE. Sadly im too dumb to have any idea where the market is going in the short term so I thought it best not to include anything but semi-guaranteed cash disbursements in my forecast.
Title: Re: 2018 FIRE cohort
Post by: Mrs. Pomodoro on May 27, 2016, 04:46:47 PM
My original 10 year plan, when I was 25 and was in debt, was to FIRE at 35 - meaning 2017 in the summer. But I wanted a $1 M back then, so I adjusted it to 2018 summer using some projections. I am thinking of pulling the trigger earlier now though.

I should be FI (pay for all my expenses, but NOT living in Silicon valley, with 4% rule) in the next 6-12 months. I don't think I will be able to stick out my job when I'm FI for very long. Even now, with a pretty big stash for a single guy (~500K), I have zero motivation at my current gig and slogging it to work every day is killing my soul.

Welp, turns out I was right. I can't make it another 2 years doing this. Morning meetings, night meetings, etc. I just had a day with meetings from 8am to midnight pretty much solid. So, I'm pulling the plug early. Sorry to abandon the super-awesome 2018 FIRE cohort. I'm more semi-REing in a few months and just relaxing to see how I like it. I will likely do some work in the next couple of years. Hopefully I can still be an honorary 2018 member :P

Good luck folks!

Congrats! It's encouraging to know people can pull the triggers earlier than expected. Do you plan to stay in Silicon Valley? We're in a similar situation where we're sort of FI but not where we live. It's tempting to just relocate and call it done!
Title: Re: 2018 FIRE cohort
Post by: Libertea on May 31, 2016, 04:14:16 PM
I guess I'm leaving this thread too, since I decided to semi-retire next year (2017) rather than go for full FIRE in 2018.  I realized I will have already saved enough money by the end of this year to retire at normal retirement age, so now I'm just killing myself so that I can retire earlier.  And then I realized, what I really want is not to do nothing, but just to not do this ("this" being what I'm currently doing).  And I can afford to stop doing "this" at the end of this year.  So I am. :-)
Title: Re: 2018 FIRE cohort
Post by: Retire-Canada on May 31, 2016, 04:15:59 PM
I guess I'm leaving this thread too, since I decided to semi-retire next year (2017) rather than go for full FIRE in 2018.  I realized I will have already saved enough money by the end of this year to retire at normal retirement age, so now I'm just killing myself so that I can retire earlier.  And then I realized, what I really want is not to do nothing, but just to not do this ("this" being what I'm currently doing).  And I can afford to stop doing "this" at the end of this year.  So I am. :-)

Congrats! :)
Title: Re: 2018 FIRE cohort
Post by: CanuckExpat on June 01, 2016, 12:41:59 PM
My wife and I are targeting 35, kind of arbitrary, but we like round numbers. The only thing is we never really specified if it's when she turns 35, or I do. There are about four months in 2018 when we are both 35, so I guess somewhere in first quarter of 2018 it is :)

Our actual timing of being FI or not and if we meet that goal for ER depends on a lot of things including if we move or not, how markets do, how much kids actually end up costing, or one/both of us stops working full time before that date.

But for now, count us in :)

We're probably joining the club of people leaving this thread too by pulling the plug earlier.
Unless something changes, we plan on being unemployed and homeless by Fall of this year and enjoying every moment of it :)
Title: Re: 2018 FIRE cohort
Post by: Cherry Lane on June 01, 2016, 02:18:57 PM
It makes me happy to see so many people reaching FIRE earlier than planned!

Meanwhile,  I updated my spreadsheets today to see my NW has just passed a certain round number, leaving me only 100k shy of my FIRE goal.  That means I'm still on track for 2018!
Title: Re: 2018 FIRE cohort
Post by: Basenji on June 01, 2016, 06:16:27 PM
Today at a useless meeting my manager mentioned that a group of managers had brainstormed ideas for what the company goals should be for 2020. I got this goofy private smile on my face knowing I won't be there!
Title: Re: 2018 FIRE cohort
Post by: happy on June 02, 2016, 12:26:24 AM
Nice isn't it? Its happened to me a few times now with goals, strategic plans and so forth.  There's a change in re-certification probably coming up in my industry sometime  in the next ?5 years, that's likely to be a right PITA. Everytime someone commissions another piece of research on the impact, or sends another survey etc, I smile,since its shifting this change further in the future: more and more likely after I retire.

Congrats to all those moving their FIRE date forward. I wish I could say the same but it would take something quite unexpected.
Title: Re: 2018 FIRE cohort
Post by: davisgang90 on June 02, 2016, 06:03:34 AM
I have 4 physical readiness tests to complete before retirement.  Hey, it's the little things.
Title: Re: 2018 FIRE cohort
Post by: CHF on June 08, 2016, 04:23:54 AM
I'm not sure, if I belong here...
My plan is to RE in 2018, but I'm FI already.
It's a wonderful feeling overall, but the job is still as boring as before.
Title: Re: 2018 FIRE cohort
Post by: Monkey Uncle on June 08, 2016, 04:28:23 AM
I'm not sure, if I belong here...
My plan is to RE in 2018, but I'm FI already.
It's a wonderful feeling overall, but the job is still as boring as before.

So why hang in there two more years?
Title: Re: 2018 FIRE cohort
Post by: CHF on June 08, 2016, 04:42:38 AM
So why hang in there two more years?

Two reasons:
My GF thinks, it takes her until the end of 2018 to be FI. Althought in reality she is also already FI, she just doesn't believe the math and thinks she needs more "security".
I get a shitload of money (saving rate about 80%...) for maybe two hours of work per day. The remaining time I can surf the internet. I can't resist, it's just greed...
Title: Re: 2018 FIRE cohort
Post by: aperture on June 08, 2016, 06:02:47 AM
According to the spreadsheet I made on a particularly painful Tuesday, I have 511 workdays remaining. About 94 of those are Mondays. I admire those of you that pulled the plug early. If it was just me and the DW, I think we might do the same. But we have 2 kiddos that will need tuition or a car repair or bail one day, so we slog on. That is a pretty lame excuse for OMY, and we have a two week vacation in November to really look at the possibilities and determine whether it makes sense to go the full 511 days (two years and four months) remaining. As mentioned before, if I make it to Megacorp's early retirement threshold date, there is an annuity that is hard to pass up - even if it puts us over the top on FIRE needs. Damm these golden handcuffs.
Best wishes to all of you that are slogging it out with me today. Sorry for my work partners that are still buying Starbucks and BMWs - poor saps. Thanks, Ap.
Title: Re: 2018 FIRE cohort
Post by: CHF on June 08, 2016, 06:37:22 AM
Damm these golden handcuffs.
+1
Living in Switzerland is living in a particular comfortable golden cage.

Aperture, have you tried to focus on the interesting parts of your job and increase your motivation and less on the countdown of the remaining days?
I keep trying - and failing...
Title: Re: 2018 FIRE cohort
Post by: aperture on June 08, 2016, 07:46:28 AM
Damm these golden handcuffs.
+1
Living in Switzerland is living in a particular comfortable golden cage.

Aperture, have you tried to focus on the interesting parts of your job and increase your motivation and less on the countdown of the remaining days?
I keep trying - and failing...

Yes CHF - I do try to remain focused on the parts of work that I like and not take home work stress and etc. sometimes I am more successful than others. I have found it helpful to imagine the life I want after retirement and then work to bring that as much forward to the present as possible. For instance I am now rocking an ebike because I want more exercise and more green. This approach works to some extent, but renting out 1/2 of my waking life to Megacorp has a pretty significant impact on the rest. Happy trudging! I will keep a positive attitude today and not look at my countdown calendar again until next week. -ap
Title: Re: 2018 FIRE cohort
Post by: CHF on June 09, 2016, 02:44:21 AM
Aperture thank you for sharing! It is also a relieve to communicate with some people who understand the situation. Althought I can talk with some coworkers about the FIRE concept on the technical side, I don't want to share the emotional aspects in this environment. The only person in my direct environment with whom I can discuss this is my GF. I wish you an interesting but not exhausting work day :-)
Title: Re: 2018 FIRE cohort
Post by: Cherry Lane on June 09, 2016, 03:56:47 PM
I spent some time this afternoon computing possible FIRE dates in 2018.  Friday, March 2 is looking like a strong possibility.  Haven't counted up the days/weeks yet;  I don't think I'm ready for that.
Title: Re: 2018 FIRE cohort
Post by: Fresh Bread on July 23, 2016, 09:55:35 PM
Well I'm going to tentatively slot us in with you 2018 guys. There's a lot of what ifs and maybes but we might just pull it off. Hello all, and good luck!
Title: Re: 2018 FIRE cohort
Post by: Monkey Uncle on July 24, 2016, 04:36:49 AM
Well I'm going to tentatively slot us in with you 2018 guys. There's a lot of what ifs and maybes but we might just pull it off. Hello all, and good luck!

Welcome, Freshwater!
Title: Re: 2018 FIRE cohort
Post by: dividendman on July 24, 2016, 03:03:33 PM
My original 10 year plan, when I was 25 and was in debt, was to FIRE at 35 - meaning 2017 in the summer. But I wanted a $1 M back then, so I adjusted it to 2018 summer using some projections. I am thinking of pulling the trigger earlier now though.

I should be FI (pay for all my expenses, but NOT living in Silicon valley, with 4% rule) in the next 6-12 months. I don't think I will be able to stick out my job when I'm FI for very long. Even now, with a pretty big stash for a single guy (~500K), I have zero motivation at my current gig and slogging it to work every day is killing my soul.

Welp, turns out I was right. I can't make it another 2 years doing this. Morning meetings, night meetings, etc. I just had a day with meetings from 8am to midnight pretty much solid. So, I'm pulling the plug early. Sorry to abandon the super-awesome 2018 FIRE cohort. I'm more semi-REing in a few months and just relaxing to see how I like it. I will likely do some work in the next couple of years. Hopefully I can still be an honorary 2018 member :P

Good luck folks!

Congrats! It's encouraging to know people can pull the triggers earlier than expected. Do you plan to stay in Silicon Valley? We're in a similar situation where we're sort of FI but not where we live. It's tempting to just relocate and call it done!

Actually I do plan on leaving the valley. Pretty much everywhere is a lot cheaper. I still haven't pulled the plug at work as now I think I can get laid off which would be amazing. Still a bit scared of losing the firehose of cash.
Title: Re: 2018 FIRE cohort
Post by: Mrs. Pomodoro on August 01, 2016, 07:30:34 PM
Actually I do plan on leaving the valley. Pretty much everywhere is a lot cheaper. I still haven't pulled the plug at work as now I think I can get laid off which would be amazing. Still a bit scared of losing the firehose of cash.

We have come to that conclusion (leaving the valley,) too, and are trying to get comfortable with the idea. Hope you get what you wish for! It's like saving a big bucket of water before the firehose is turned off. ;) I am also *very* scared now that I'm considering pulling the plug earlier. We're making plan B, C, and D and hope it'll be a little less scary...
Title: Re: 2018 FIRE cohort
Post by: Monkey Uncle on August 06, 2016, 01:01:19 PM
So...I ran my cFiresim numbers again today for the 437th time.  It's now showing 96% success for FIRE at the end of 2016, and 100% at the end of 2017.  Might have to promote myself to an earlier cohort.  I doubt I'll go at the end of this year because I'd like to see what the next president and congress do to the ACA.  But if things continue to look this positive, I can't see myself staying until my previously planned end of 2018 date.
Title: Re: 2018 FIRE cohort
Post by: Caoineag on September 01, 2016, 08:38:16 PM
Well I was supposed to belong to the 2020 cohort but change of plans and massive growth of savings means that fall 2018 is now the target. Course when I originally started this whole process my original date was 2026 so its amazing how much that end goal can move.
Title: Re: 2018 FIRE cohort
Post by: Cherry Lane on September 01, 2016, 08:45:08 PM
Well I was supposed to belong to the 2020 cohort but change of plans and massive growth of savings means that fall 2018 is now the target. Course when I originally started this whole process my original date was 2026 so its amazing how much that end goal can move.

Welcome, Caoineag!  Isn't it nice to skip a grade or two?
Title: Re: 2018 FIRE cohort
Post by: davisgang90 on October 08, 2016, 09:49:35 AM
I'm shooting for mid/late June for my official military retirement date.  This will allow me to lead my industry study until graduation early June.  After I use up leave and house/job hunting of about 70 days, my last paid day of work will be sometime in September.

It will be nice to get a couple months of full pay under my belt after I retire before the pension kicks in.
Title: Re: 2018 FIRE cohort
Post by: Nords on October 08, 2016, 09:53:40 PM
I'm shooting for mid/late June for my official military retirement date.  This will allow me to lead my industry study until graduation early June.  After I use up leave and house/job hunting of about 70 days, my last paid day of work will be sometime in September.

It will be nice to get a couple months of full pay under my belt after I retire before the pension kicks in.
If you haven't already done so, mark a date on your calendar for 181 days after your retirement date.  That's the day you'll start hearing from contacts wanting to hire you after the federal ethics employment window has closed. 

By Day 181, of course, you'll already know how you want to respond to those unsolicited offers...
Title: Re: 2018 FIRE cohort
Post by: WannaGoOutside on November 01, 2016, 10:31:11 AM
Long time lurker ... first time poster.

[Deep breath]  I'm in for 2018!  In fact, the very beginning of 2018!

Insert the usual disclaimers about the election and ACA changes.  As long as there are affordable (and somewhat stable??) health care choices available, I'm in!

Our plan is
   (1) Sell our house while the housing market in our area is very good.  Probably by mid 2017.
   (2) DH will pull the plug then, and move to our "retirement" home that we already own in a neighboring state. 
         Goodbye concrete!  Hello pine trees!
   (3) I will stay behind to finish 2017, mainly to provide benefits for our college / post college kiddos.  I'll stay with sister, friends, parents.
   (4) Sometime towards the end of 2017, give notice and prepare for Life NOT Working For The Man!

I've already got my Dr. Doom inspired lists going of things I want to do Post FIRE.  I am SOOOOO looking forward to it!
Title: Re: 2018 FIRE cohort
Post by: happy on November 01, 2016, 02:10:21 PM
Welcome, WannaGoOutside. What a great first post - announcing your FIRE date complete with plan.
Title: Re: 2018 FIRE cohort
Post by: WannaGoOutside on November 01, 2016, 03:25:29 PM
Welcome, WannaGoOutside. What a great first post - announcing your FIRE date complete with plan.

Thank you!  It's becoming more real.  Obviously we've discussed it with the people I plan to couch-surf with next year, but I haven't talked about it with many other people.  YET it is time to start thinking about re-balancing and really paying attention to the healthcare changes and getting the house ready to sell and ... and ... and.

It's nice to write it down (say it outloud virtually) to a group that doesn't immediately question the what/how/why!!!
Title: Re: 2018 FIRE cohort
Post by: FernFree on December 14, 2016, 04:15:16 PM
Wrapping up my spreadsheets for the year and I can't believe how well I did! :)  It's looking like April 2018 is a conservative date to pull the plug if all goes well.

Variables:

I am getting so excited it's hard to contain myself.  Telling way too many people about it, but always saying "in a few years" to keep it vague.
Title: Re: 2018 FIRE cohort
Post by: Irishtache on December 19, 2016, 09:06:07 AM
In October, 2018, I will reach 40 years service. However, I will still be 2 years short of the minimum retirement age unless I choose a reduced pension. I am seriously considering retiring in June, 2016 under a deal which would give me similar pension to that I would receive in October, 2017! Both 2016 and 2017 might be too soon on account of mortgage debt and negative equity on rental house. I am still optimistic about 2018.
Update. The June 2016 was a red herring. That option remains open until 2019 so I'm staying no later than Oct 2018. Work events and organisational change means maybe Oct 2017!
Title: Re: 2018 FIRE cohort
Post by: Irishtache on December 19, 2016, 09:13:11 AM
According to the spreadsheet I made on a particularly painful Tuesday, I have 511 workdays remaining.

I made one too! As of today, I have 369 working days to go!!
Title: Re: 2018 FIRE cohort
Post by: Retire-Canada on December 19, 2016, 09:22:36 AM
I made one too! As of today, I have 369 working days to go!!

I don't have a spreadsheet for this, but my rough calculations are 183 days of work left between now and the end of 2017. Then I'm switching to part-time in 2018. Not quite FIRE, but having many times the free time in a year will be an awesome change. :)
Title: Re: 2018 FIRE cohort
Post by: happy on December 19, 2016, 03:39:41 PM
I've tried various intervals, days weeks, pay periods, but settled on counting months to go. At the end of December it will be 22 months to go. My plan is to then take all my long service leave ( about 8-9moths on half pay and then resign. Depending on how I feel I might work another 2-3months until my registration runs out. My major anxiety with this plan is that I might be refused permission to take such a long period off...if so I'll have to do some hard thinking  as to whether to just pull the plug.
Title: Re: 2018 FIRE cohort
Post by: Retire-Canada on December 19, 2016, 03:44:15 PM
.if so I'll have to do some hard thinking  as to whether to just pull the plug.

If you pull the plug do you get your leave paid out?
Title: Re: 2018 FIRE cohort
Post by: happy on December 19, 2016, 03:48:28 PM
Yes I do, but there is a tax advantage in taking it slowly at half pay, then resigning in the next financial year (June 30 in Australia) where upon other entitlements like annual leave will be paid out. At my marginal tax rate, it would make quite a difference.
Title: Re: 2018 FIRE cohort
Post by: SwordGuy on December 20, 2016, 10:34:41 PM
Hi.  My name is SwordGuy and I suffer from OMY Syndrome.  I'm moving from the 2017 Cohort to the 2018 Cohort.

Here's a recap of who will be FI and when, based on their last posting.  Quite a few have moved their dates forward from when they originally posted! :)


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


The 2017 Cohort found quoting the latest message like this, then removing the quote markers and adjusting the data was a great way for everyone to see how everyone is doing.

I sorted by date and then alphabetically.

A ~ in the date meant a person said something like 'early 2018' or "fall 2018".  ~ is used as an abbrevation of "circa".

A ?? in the month field meant a person just said "2018".

Hope you like it!
Title: Re: 2018 FIRE cohort
Post by: SwordGuy on December 20, 2016, 10:41:11 PM
I'm not actually suffering from OMY syndrome.  We were planning on going FI around May of 2017.   

But we've been watching a really cool house we want to restore, put on the national registry, and then flip -- and it came up for auction. It was buy it now or watch it get torn down by the city.

We'll end up putting about $200k into the house over the next two years -- which we're pretty darn sure we can get back out of it.  Plus a lot of sweat equity.  That's a non-trivial chunk of our stash.   So we decided to keep our jobs for an extra year to cash flow the repair costs instead of draw down our stash any more than the initial $100k purchase price.   Short of some really bad luck or mismanagement on our part, we should break even at worst case.   There's a reasonable chance we could make $50,000 to $150,000, depending on market conditions and whether we find the right buyer.

I guess, long story made short, our plan was working just fine, we just changed it, so we need to work another year.  But that's what having a stache allows you to do!
Title: Re: 2018 FIRE cohort
Post by: happy on December 21, 2016, 01:37:17 AM
Absolutely. I've always wanted to restore an old house and did try to buy one a while back but the stars didn't align. I will probably never do it, but I see the attraction.

I like your list idea a lot. It will give a point of interaction for everyone on this thread.
Title: Re: 2018 FIRE cohort
Post by: NinetyFour on December 21, 2016, 02:10:07 PM
Haven't read this thread (will do so soon, though), but thought I should jump in as I will officially retire on 6/30/18 (but will actually teach my last class on 4/20/18, so that is the day I am using for my countdown)...just 3 more semesters!!  Will post more deets later...happy to be here!
Title: Re: 2018 FIRE cohort
Post by: Fresh Bread on December 21, 2016, 03:47:29 PM
I'll put myself on the list when I'm on the computer not my phone... I'm thinking mid-2018. Was hoping for the start of but we are behind schedule.
Title: Re: 2018 FIRE cohort
Post by: SwordGuy on December 21, 2016, 03:49:29 PM
Updated to include NinetyFour!  Welcome to the 2018 Cohort!


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


Title: Re: 2018 FIRE cohort
Post by: dividendman on December 21, 2016, 07:56:39 PM
SwordGuy! I said I'd be FI in 2016 but my 10 year plan at age 25 was to RE at 35, i.e. 2017 or start of 2018. Hence joining this cohort. But... I just took a new job and will probably work well into 2018 because I'm a coward. :(
Title: Re: 2018 FIRE cohort
Post by: sol on December 21, 2016, 08:42:52 PM
I'm in like Flynn.

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

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


 mo/yr  username

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


Title: Re: 2018 FIRE cohort
Post by: brooklynguy on December 21, 2016, 09:43:37 PM
??/18  brooklynguy

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

Party at sol's house?
Title: Re: 2018 FIRE cohort
Post by: sol on December 21, 2016, 10:11:53 PM
makes it real; it might as well be carved in stone. 

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

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

As we've previously discussed (http://forum.mrmoneymustache.com/welcome-to-the-forum/'one-more-year'-strikes-the-rich-the-hardest/), I'm unlikely to actually retire when I hit my FI number.  I think the date still has value for a variety of reasons, like following through on the discussion in that linked thread.  We all have to start somewhere.
Title: Re: 2018 FIRE cohort
Post by: Monkey Uncle on December 23, 2016, 04:12:50 AM
Updated to include NinetyFour!  Welcome to the 2018 Cohort!


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



I'm gonna stay with you 2018ers for now.  The election might have upended my 12/17 plans if it leads to unaffordable (or unavailable) private health insurance.  Hopefully we'll know where that's headed before the end of 2017 gets here.
Title: Re: 2018 FIRE cohort
Post by: Retire-Canada on December 23, 2016, 06:44:18 AM
I'll be downshifting to PT at the start of 2018. If that is sufficient to keep me on the roll I'm happy to stay their as it will be a good way to keep me honest. OTOH that's not 100% FIREing so I won't be offended if you want to strike me from the list.
Title: Re: 2018 FIRE cohort
Post by: CowboyAndIndian on December 23, 2016, 06:55:19 AM
I'm not sure, if I belong here...
My plan is to RE in 2018, but I'm FI already.
It's a wonderful feeling overall, but the job is still as boring as before.

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

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

So, could you please add me to the 2018 Cohort. June 2018 when DS2's HS ends is the absolute last I will pull the trigger.
Title: Re: 2018 FIRE cohort
Post by: CowboyAndIndian on December 23, 2016, 07:03:10 AM
Adding my name to the list.


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

Title: Re: 2018 FIRE cohort
Post by: Omalley on December 26, 2016, 08:21:33 PM
Spent years following the MMM site and forum.  Mentally moved the date from 2016 to 2017 and now 2018.  Already FI, just trying to get closer to a 3% withdrawal rate due to a planned 50 year retirement.

Adding my name to the list.


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


Omalley
Title: Re: 2018 FIRE cohort
Post by: CowboyAndIndian on December 27, 2016, 06:53:43 AM
Fixed the bold for you...

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

Adding my name to the list.


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


Omalley
Title: Re: 2018 FIRE cohort
Post by: Financial Ascensionist on December 27, 2016, 11:31:45 AM
You will have to remove me from this list, guys.  The month is right, but I am very positive that 2017 is the year and I am eagerly counting the days: 150 to go! 

My reason for moving a year ahead is a combination of realizing that I really won't need as big of a stash as I originally thought and seeing much better return on my investments that I was expecting.  Keeping good records of my expenses was a surprisingly liberating way to gain confidence on my future.  Keep up at it, everyone.  You are almost done!
Title: Re: 2018 FIRE cohort
Post by: NinetyFour on December 27, 2016, 11:38:51 AM
You will have to remove me from this list, guys.  The month is right, but I am very positive that 2017 is the year and I am eagerly counting the days: 150 to go! 

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

Congrats!  150 days will fly by!!!
Title: Re: 2018 FIRE cohort
Post by: Financial Ascensionist on December 27, 2016, 05:08:35 PM
Congrats!  150 days will fly by!!!

Yes, I also think so.  Right now I am scrambling to get rid of stuff as much as possible so I can start travelling in peace when the time arrives. 
Title: Re: 2018 FIRE cohort
Post by: Fresh Bread on December 27, 2016, 05:56:19 PM
I've added myself in finally.

 12/16  OzBeach
 03/17  Bateaux
 03/17  Libertea
~07/16  DividendMan
 12/17  Monkey Uncle
 ??/17  Myhotrs
 ??/17  NearlyThere
 01/18  FIBy30
 01/18  PrePube
 01/18  Retire-Canada
~01/18  WannaGoOutside
 01/18  Zinethstache
~02/18  MandyM
~02/18  PizzaSteve
~03/18  CherryLane
 03/18  Sofa King
 04/18  Calvin
 04/18  FernFree
 04/18  Gooki
~04/18  HappyMargo
 04/18  NinetyFour
 04/18  ZiziPB
 05/18  SwordGuy
 05/18  SwordGuy DW
 06/18  Cheddar Stacker
 06/18  Albireo13
 06/18  DavisGang90
 06/18  Financial Ascensionist
 06/18  Pylortes
 06/18 CowboyAndIndian
 06/18 Omalley
 07/18  AussieGirl
~07/18  BackAndForth
07/18  Freshwater
 08/18  SpreadsheetMan DW
~09/18  Gimesalot
 10/18  Aperture
~10/18  Caoineag
 10/18  Happy
 10/18  Irishtache
 11/18  DeSteeg
 11/18   Kris
Title: Re: 2018 FIRE cohort
Post by: SwordGuy on December 27, 2016, 06:57:38 PM
Moving Financial Ascensionist forward a year.


~07/16  DividendMan
 12/16  OzBeach
 03/17  Bateaux
 03/17  Libertea
 06/17  Financial Ascensionist
 12/17  Monkey Uncle
 ??/17  Myhotrs
 ??/17  NearlyThere
 01/18  FIBy30
 01/18  PrePube
 01/18  Retire-Canada
~01/18  WannaGoOutside
 01/18  Zinethstache
~02/18  MandyM
~02/18  PizzaSteve
~03/18  CherryLane
 03/18  Sofa King
 04/18  Calvin
 04/18  FernFree
 04/18  Gooki
~04/18  HappyMargo
 04/18  NinetyFour
 04/18  ZiziPB
 05/18  SwordGuy
 05/18  SwordGuy DW
 06/18  Cheddar Stacker
 06/18  Albireo13
 06/18  DavisGang90
 06/18  Pylortes
 06/18 CowboyAndIndian
 06/18 Omalley
 07/18  AussieGirl
~07/18  BackAndForth
 07/18  Freshwater
 08/18  SpreadsheetMan DW
~09/18  Gimesalot
 10/18  Aperture
~10/18  Caoineag
 10/18  Happy
 10/18  Irishtache
 11/18  DeSteeg
 11/18   Kris
Title: Re: 2018 FIRE cohort
Post by: brooklynguy on December 28, 2016, 10:26:34 AM
Reinserting sol and me (what are we, chopped liver?) and moving dividendman to reflect his latest post.


 12/16  OzBeach
 03/17  Bateaux
 03/17  Libertea
 06/17  Financial Ascensionist
 12/17  Monkey Uncle
 ??/17  Myhotrs
 ??/17  NearlyThere
 01/18  FIBy30
 01/18  PrePube
 01/18  Retire-Canada
~01/18  WannaGoOutside
 01/18  Zinethstache
~02/18  MandyM
~02/18  PizzaSteve
~03/18  CherryLane
 03/18  Sofa King
 03/18  sol
 04/18  Calvin
 04/18  FernFree
 04/18  Gooki
~04/18  HappyMargo
 04/18  NinetyFour
 04/18  ZiziPB
 05/18  SwordGuy
 05/18  SwordGuy DW
 06/18  Cheddar Stacker
 06/18  Albireo13
 06/18  DavisGang90
 06/18  Pylortes
 06/18  CowboyAndIndian
 06/18  Omalley
 07/18  AussieGirl
~07/18  BackAndForth
 07/18  Freshwater
 08/18  SpreadsheetMan DW
~09/18  Gimesalot
 10/18  Aperture
~10/18  Caoineag
 10/18  Happy
 10/18  Irishtache
 11/18  DeSteeg
 11/18  Kris
 ??/18  brooklynguy
 ??/18  dividendman
Title: Re: 2018 FIRE cohort
Post by: sol on December 28, 2016, 11:07:25 AM
Sweet, thanks BG.

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

We need accountability, people!  If you backslide, I will be tempted to as well.  Don't make me work longer than necessary just because you are afraid of change.  That's my job, and I don't need any help.
Title: Re: 2018 FIRE cohort
Post by: Cherry Lane on December 28, 2016, 01:40:55 PM
Sweet, thanks BG.

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

We need accountability, people!  If you backslide, I will be tempted to as well.  Don't make me work longer than necessary just because you are afraid of change.  That's my job, and I don't need any help.
I'm glad we have someone here to hold us accountable. With each passing day my desire to move to 2017 increases.  I just want the extra tax-advantaged space available with extending to 2018. I promise to do as little work as possible during those last 2 to 3 months, and will report my change of status here.
Title: Re: 2018 FIRE cohort
Post by: brooklynguy on December 28, 2016, 05:14:05 PM
With each passing day my desire to move to 2017 increases.

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

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

Godspeed, Class of 2018.
Title: Re: 2018 FIRE cohort
Post by: momcpa on December 28, 2016, 07:02:24 PM
The plan right now is to go Part-time starting February 1, 2017.  Do this for one year, then be totally finished January 31, 2018.

So I guess my name can be added to your list !!   Thanks.
Title: Re: 2018 FIRE cohort
Post by: Cherry Lane on December 28, 2016, 09:30:11 PM
With each passing day my desire to move to 2017 increases.

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

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

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

So I guess my name can be added to your list !!   Thanks.
Welcome to the club, momcpa!
Title: Re: 2018 FIRE cohort
Post by: CowboyAndIndian on December 29, 2016, 06:46:34 AM
Adding momcpa


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

Title: Re: 2018 FIRE cohort
Post by: SwordGuy on December 29, 2016, 12:09:13 PM
With each passing day my desire to move to 2017 increases.

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

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

Hangs head in shame. :(

Not really.  (Well, not as much...)

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

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

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

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

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

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

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

If the big ticket renovation costs  turn out to be less expensive than planned for (like, miracle of miracles, the HVAC system actually works when it gets hooked up to electricity again, there are no plumbing issues that require cutting thru the slab or replacing pipe due to tree root damage, and there are no horrible surprises once we tear out the damaged ceilings and walls), we'll revisit an earlier retirement date.
Title: Re: 2018 FIRE cohort
Post by: chasesfish on December 29, 2016, 04:56:59 PM
You can add me to this list, I'd guess July 2018.  I could pull it off in March/April, but get the extra year of pension service credited by working through July 4th.
Title: Re: 2018 FIRE cohort
Post by: SwordGuy on December 29, 2016, 05:15:20 PM


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

Title: Re: 2018 FIRE cohort
Post by: ozbeach on December 29, 2016, 07:25:08 PM

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



I moved myself to Jan18 - I went on long service leave in November, but am due to report back at work in Jan18, so that will be my retirement date, unless I one-more-year.
Title: Re: 2018 FIRE cohort
Post by: aperture on December 29, 2016, 08:46:25 PM
 03/17  Bateaux
 03/17  Libertea
 06/17  Financial Ascensionist
 12/17  Monkey Uncle
 ??/17  Myhotrs
 ??/17  NearlyThere
 01/18  FIBy30
 01/18  PrePube
 01/18  Retire-Canada
~01/18  WannaGoOutside
 01/18  Zinethstache
 01/18  MomCPA
 01/18  OzBeach
~02/18  MandyM
~02/18  PizzaSteve
~03/18  CherryLane
 03/18  Sofa King
 03/18  sol
 04/18  Calvin
 04/18  FernFree
 04/18  Gooki
~04/18  HappyMargo
 04/18  NinetyFour
 04/18  ZiziPB
 05/18  SwordGuy
 05/18  SwordGuy DW
 06/18  Cheddar Stacker
 06/18  Albireo13
 06/18  DavisGang90
 06/18  Pylortes
 06/18  CowboyAndIndian
 06/18  Omalley
 06/18 aperture
 07/18  AussieGirl
~07/18  BackAndForth
 07/18  ChasesFish
 07/18  Freshwater
 08/18  SpreadsheetMan DW
~09/18  Gimesalot
10/18  Aperture
~10/18  Caoineag
 10/18  Happy
 10/18  Irishtache
 11/18  DeSteeg
 11/18  Kris
 ??/18  brooklynguy
 ??/18  dividendman

Will 2018 ever get here?
Title: Re: 2018 FIRE cohort
Post by: Pylortes on December 30, 2016, 10:56:36 AM
Hmmm- you guys are getting very particular lately about exact dates.  I guess I should have anticipated this.  I have my target down right now as June 2018- but this is just an estimate at this point.  There are external things out of my control (ie my spouse's job situation) that could speed it up to as early as March 2018 or as late as into 2019.  Maybe I just need to have someone add a squiggly mark around my date in case it ends up being several months late.  But will the squiggly mark really save me from the wrath if I don't quit my job right on time with my original target?
Title: Re: 2018 FIRE cohort
Post by: Retire-Canada on December 30, 2016, 11:04:54 AM
But will the squiggly mark really save me from the wrath if I don't quit my job right on time with my original target?

I think you are overestimating the wrath that will befall you.
Title: Re: 2018 FIRE cohort
Post by: rob in cal on December 30, 2016, 03:31:33 PM
  The list is really inspirational, even if only a good portion of you lively 2018ers actually make it.  Pretty soon the post-fire thread is going to be the more happening place on this forum.
Title: Re: 2018 FIRE cohort
Post by: Fresh Bread on December 30, 2016, 03:44:25 PM
I think I need a squiggly mark too.
Title: Re: 2018 FIRE cohort
Post by: SwordGuy on December 30, 2016, 04:23:19 PM

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

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

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

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

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

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

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

Title: Re: 2018 FIRE cohort
Post by: chasesfish on December 31, 2016, 06:19:46 AM
For some of us, our dates can be specific.  For example, I'm paid a significant portion of my compensation every March, then qualify for a full-year of pension service once I work 1000 hours in a year.   This means my only two logical moments are March or July.

I figure if I make it until March, I can do another 3 months for an additional year of pension benefit, which is about $1,000/mo more once I turn 55.
Title: Re: 2018 FIRE cohort
Post by: SwordGuy on December 31, 2016, 11:07:55 AM
For some of us, our dates can be specific.  For example, I'm paid a significant portion of my compensation every March, then qualify for a full-year of pension service once I work 1000 hours in a year.   This means my only two logical moments are March or July.

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

Wow, 3 more months of work for $12,000 a year for 20 to 35 years?    Yeah, I could do that.  Totally.
Title: Re: 2018 FIRE cohort
Post by: Retire-Canada on December 31, 2016, 11:13:39 AM
Wow, 3 more months of work for $12,000 a year for 20 to 35 years?    Yeah, I could do that.  Totally.

That's a solid pay off. The equivalent of saving/investing $100K/month. :)
Title: Re: 2018 FIRE cohort
Post by: chasesfish on December 31, 2016, 01:34:31 PM
Good timing, I have a poor compensation year falling off and replaced by a much better one in addition to the additional year of employment credit.
Title: Re: 2018 FIRE cohort
Post by: Pylortes on January 01, 2017, 02:25:46 PM
Thank you Swordguy for accommodating my squiggly mark and also the thoughtful comments.  I too would like to leave in a professional manner with some advanced notice perhaps 1-2 month if possible. 

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



Title: Re: 2018 FIRE cohort
Post by: SwordGuy on January 02, 2017, 11:02:45 PM
I put this same info on the 2017 Cohort thread since I spent so much time there before switching to 2018.

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

Well, I went thru the numbers as best I can at the moment and we officially qualify as having OMY disease.

In principle, we could quit our jobs tomorrow and sell our stock out of 401ks and other investments to pay off our mortgage, our HELOC, repair our two not-year-ready rentals, and he repairs on the mid-century modern house we bought to fix and flip.  And then give away that house instead of flipping it.

We could never make a dime on our stock investments and still run a surplus (not counting the $20,000 to fix up the two rentals, $150,000 to fix up the flip, and the $180,000 to pay off the mortgage and the $40,000 to pay off the HELOC).

We really should retire at the end of this spring semester, 2017.

But my wife is on board to retire one year after that, in spring of 2018.   And, frankly, so am I.

We both feel much better having a firehose of cash coming in while we'll be spending so much on the flip house.

It's that $390,000 of cash outflow that's mighty scary.   Our salaries after taxes will cover $178,000 of that outlay over the next 17 months.   That gets us down to just $212,000 taken out of the stash, which is still a scary amount.  However, at that point in time, we should be within 6 months of finishing the flip (and all the big expenses would be known by then), which would bring in at least $250,000, which leaves the current stash amount intact or even bigger. 

I'm not a genius financial analyst, but the reason we actually **have** a stash is because once we saved some money we just didn't spend it.  It was out of bounds.   

We might invest it, but we didn't spend it.  And frankly, I would like to keep it that way.    Intellectually I know that a flexible implementation of the 4% rule allows you to sell stock to live off of and you're not likely to run out of money - ever.  But there's intellectually knowing something and then there's sleeping well at night.   

Plus, since the biggest danger to a stock portfolio is a sequence of returns risk, it seems like the biggest safety feature for the portfolio is not to have to use it for daily living for the first 10 years.  Or even better, ever, which is where we should be within the year.

Yep, we're definitely two victims of OMY syndrome.  That's why we decided to switch from 2017 to 2018.

If we get all our rentals fixed up and rented, and health care for me will be affordable, and all the big ticket items on the flip (Roof, HVAC, Electrical, Plumbing, Mold Remediation, Heating Oil tank fill-up/removal and acceptance on the 40% Historical Property Repair Tax Credit ) all come in on or under budget, I may FIRE at that time instead of waiting for my wife to finish teaching her school year.  Here's hoping I'm off this list and back on the 2017 list before the end of the year!
Title: Re: 2018 FIRE cohort
Post by: Cherry Lane on January 03, 2017, 11:14:43 AM
Here I am, on the first workday of my (our) last full year of work.  I decided to add up my remaining working hours.

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

So if I can figure out how to actually use all that sick time, I could be working only half-time from now until FIRE!  That's probably not possible, but it was a fun exercise.
Title: Re: 2018 FIRE cohort
Post by: NinetyFour on January 03, 2017, 12:55:55 PM
Here I am, on the first workday of my (our) last full year of work.  I decided to add up my remaining working hours.

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

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

Nice!

Here's what I have left:

I will go back to work next Monday.

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

So what remains is:

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

Sounds very doable!!  Yay!!!
Title: Re: 2018 FIRE cohort
Post by: WannaGoOutside on January 04, 2017, 02:39:32 PM

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

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

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

Go Class of 2018!
Title: Re: 2018 FIRE cohort
Post by: tooqk4u22 on January 05, 2017, 11:02:26 AM
When the market tanks or affordable healthcare coverage disappears or another OMY excuse-of-choice manifests itself, having your name plastered on the countdown list for all your forum friends to see will force you to either pull the trigger or live in pseudonymous mustache shame.

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

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

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

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

Title: Re: 2018 FIRE cohort
Post by: Mother Fussbudget on January 05, 2017, 09:29:21 PM
Looks like Mother Fussbudget is in 2018.  ~04/18.  After sol... naturally!  ;-)
Title: Re: 2018 FIRE cohort
Post by: Monkey Uncle on January 06, 2017, 04:11:09 AM
When the market tanks or affordable healthcare coverage disappears or another OMY excuse-of-choice manifests itself, having your name plastered on the countdown list for all your forum friends to see will force you to either pull the trigger or live in pseudonymous mustache shame.

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

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

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

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

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

This is what has me scared shitless about pulling the plug at the end of 2017.  My numbers are super safe under current conditions, but I can only absorb about $3,500 in extra health care costs before my SWR starts dropping.  If I have to purchase unsubsidized individual private insurance, I'm pretty sure the added cost will be more than that.
Title: Re: 2018 FIRE cohort
Post by: SwordGuy on January 06, 2017, 05:37:29 AM

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

Title: Re: 2018 FIRE cohort
Post by: Retire-Canada on January 06, 2017, 07:05:28 AM
This is what has me scared shitless about pulling the plug at the end of 2017. 

Hopefully the reality of Trumpcare is understood this year. Although the GOP wants to put it into place ASAP that may be easier said than done.
Title: Re: 2018 FIRE cohort
Post by: tooqk4u22 on January 06, 2017, 07:30:28 AM
If you're using the 4% rule, you would need an extra $500k to fund the extra $20k in annual health care costs.  Though I guess you might not need to plan on hitting the $6k deductible every year.

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

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

That's my fear and one that I just don't think most FIRE people are thinking about - although The Happy Philosopher has a view on this in a recent blog post Happy Philosopher Dangers of 4% Rule (http://thehappyphilosopher.com/dangers-of-relying-on-the-4-rule-in-early-retirement-scenarios/) - Spoiler its not about issues with the actual 4% rule.

Anyway a $10k increase to the budget for health care would be hard to swallow, as I expect it would be for most people, and for me would either force deprivation or going back to work even if it is only part time at which point you are no longer FIRE. 
Title: Re: 2018 FIRE cohort
Post by: sol on January 06, 2017, 08:44:18 AM
If I have to purchase unsubsidized individual private insurance, I'm pretty sure the added cost will be more than that.

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

Ultimately this is going to come down to whether or not TrumpAndFriends are serious about wanting Americans to have affordable health insurance or not.  It doesn't really matter if they repeal the ACA, if they still provide decent affordable care, but there is a real question about whether or not they even want that.  For now, I'm trying to give them the benefit of the doubt and assuming that even a full ACA repeal will not make private insurance unaffordable for most Americans, because that would be a shitty thing for them to do and I'm hoping they aren't that shitty.
Title: Re: 2018 FIRE cohort
Post by: Retire-Canada on January 06, 2017, 08:50:44 AM
It doesn't really matter if they repeal the ACA, if they still provide decent affordable care, but there is a real question about whether or not they even want that think they can get re-elected without providing that.

Clarified this part of your post. ;)
Title: Re: 2018 FIRE cohort
Post by: Monkey Uncle on January 06, 2017, 06:17:11 PM
If I have to purchase unsubsidized individual private insurance, I'm pretty sure the added cost will be more than that.

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

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

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

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

Sorry, I'm feeling particularly pessimistic this evening. ;)
Title: Re: 2018 FIRE cohort
Post by: SwordGuy on January 06, 2017, 07:04:01 PM
It doesn't really matter if they repeal the ACA, if they still provide decent affordable care, but the[/s]re is a real question about whether or not they even want that think they can get re-elected without providing that.

Clarified this part of your post. ;)

Clarified your clarification. :)
Title: Re: 2018 FIRE cohort
Post by: sol on January 06, 2017, 07:11:11 PM
What they're talking about now involves:
- eliminating the individual mandate
- eliminating subsidies
- keeping the mandate that insurance companies accept people with pre-existing conditions
- keeping kids up to age 26 on their parents' policies

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

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

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

Title: Re: 2018 FIRE cohort
Post by: SwordGuy on January 20, 2017, 11:15:01 PM
Watching the many 2017 Cohort members start to reach their FIRE dates has been pretty inspiring this month.

I'm really getting the itch to find a way to get back into the 2017 Cohort... :(
Title: Re: 2018 FIRE cohort
Post by: Pylortes on January 22, 2017, 03:25:09 PM
Watching the many 2017 Cohort members start to reach their FIRE dates has been pretty inspiring this month.

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

Swordguy- I'm not trying to troll you, but I doubt anyone is putting a gun to your head to make you do a big real estate deal now before you retire. If your priorities have changed and retirement is the priority it seems you have a path to go quicker- avoid the real estate stuff that's going to require tons of capital.  That being said I'm happy to keep you with the 18'ers!  We're cooler (except for that whole having to work an extra year thing!)
Title: Re: 2018 FIRE cohort
Post by: Cherry Lane on January 22, 2017, 04:05:36 PM
As we're getting into the year, the earlier-retiring members of our cohort are probably starting to do some work-related things for the last time.  I'm not quite there yet, as I still have 14-15 months left.  There is one thing:  last fall I got a new ID card, valid for three years.  Should be the last one of those I'll need.

Any thoughts from those experiencing other "last time" events?
Title: Re: 2018 FIRE cohort
Post by: SwordGuy on January 22, 2017, 05:04:58 PM
Watching the many 2017 Cohort members start to reach their FIRE dates has been pretty inspiring this month.

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

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

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

The only defense we can offer is that we love good architecture and once we FIREd we were going to make stuff that would be cool for decorating homes or landscapes.  (And either use it or sell it.)   Plus fix up some homes for fun and profit.    This is such a cool house and we wanted so save it.  So, we're starting our new hobby a bit earlier and a bit more expensively than planned. 
Title: Re: 2018 FIRE cohort
Post by: CanuckExpat on January 22, 2017, 06:15:55 PM
As we're getting into the year, the earlier-retiring members of our cohort are probably starting to do some work-related things for the last time.

Has the pre-FIRE checklist (http://forum.mrmoneymustache.com/post-fire/pre-fire-checklist/) been linked here already?
Title: Re: 2018 FIRE cohort
Post by: Monkey Uncle on January 23, 2017, 04:30:14 AM
As we're getting into the year, the earlier-retiring members of our cohort are probably starting to do some work-related things for the last time.  I'm not quite there yet, as I still have 14-15 months left.  There is one thing:  last fall I got a new ID card, valid for three years.  Should be the last one of those I'll need.

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

Hah!  Didn't think about this until I read your post.  I'm in the midst of taking what I hope is my last annual cycle of mandatory web-based "trainings" - computer security, anti-harassment, various supervisory trainings.  Imagine, someone in my employer's organization thinks they can actually teach people to be better supervisors by forcing them to watch a 2 hour recorded webcast of a lecture.  Do they not realize that everyone just lets it run in the background while they do other stuff?
Title: Re: 2018 FIRE cohort
Post by: FernFree on January 23, 2017, 10:07:35 AM
Ugh!  Going to work is torture and I don't want to be here!! :) 

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

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

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

Ha! I struggle with this daily. I wouldn't worry about it. You don't need to be rockstar just get some work done and keep the boss happy-ish.
Title: Re: 2018 FIRE cohort
Post by: davisgang90 on January 24, 2017, 07:32:10 AM
I just had a visit from a fellow Navy officer.  He is scheduled to retire Aug 2018 at his mandatory 30 year point.  He just heard about the federal government hiring freeze and wants to explore a waiver to stay on another year to see what happens.  No idea if the waiver is even possible for him.

I made the appropriate noises to him while thinking "I'm even more sure of retiring next June".  I'm retiring at the 28 year mark and could stay a couple more years, but 2018 makes the most sense for my family situation.  The hiring freeze and its impact on military retirees finding employment in the DC area just makes it even easier for me to GTFO next year!
Title: Re: 2018 FIRE cohort
Post by: Cookie78 on January 24, 2017, 11:18:40 AM
Ugh!  Going to work is torture and I don't want to be here!! :) 

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

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

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

Some days more than others. Today is bad! I haven't been at 100% in awhile, but I've stopped caring so much about that. Unfortunately I don't have much advice.
Title: Re: 2018 FIRE cohort
Post by: Cherry Lane on February 02, 2017, 12:13:10 PM
I had a dental appt this morning.  Since I'm trying to use up as much of my sick leave as I can this year, I took the whole day off.  (I'm glad I did, since at 2pm the left side of my face is still numb, slowly being replaced by pain.)  At the end of the appt, the hygenist said, "Go treat yourself.  Take a nap this afternoon."

Medical professional's orders.  Yes, ma'am, I'll take a nap!  Or I'll try.  I generally fail at napping.  This is a skill I plan to work on post-FIRE.
Title: Re: 2018 FIRE cohort
Post by: Retire-Canada on February 02, 2017, 12:16:48 PM
I had a dental appt this morning.  Since I'm trying to use up as much of my sick leave as I can this year, I took the whole day off.  (I'm glad I did, since at 2pm the left side of my face is still numb, slowly being replaced by pain.)  At the end of the appt, the hygenist said, "Go treat yourself.  Take a nap this afternoon."

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

Awesome. I am a nap expert. I nap every day that I am not at an office. I could have turned pro if I hadn't joined the army. ;) If you need any tips just PM me!
Title: Re: 2018 FIRE cohort
Post by: momcpa on February 02, 2017, 01:05:41 PM
My adult daughter has ALWAYS been an excellent 'nap taker'.  I guess her husband thinks so too as one day he said to us that it's too bad that she couldn't get paid somehow for the speed at which she can nap !!!  Funny guy.
Title: Re: 2018 FIRE cohort
Post by: Gimesalot on February 02, 2017, 04:10:15 PM

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


 03/17  Bateaux
 03/17  Libertea
 06/17  Financial Ascensionist
 12/17  Monkey Uncle
 ??/17  Myhotrs
 ??/17  NearlyThere
 01/18  FIBy30
 01/18  PrePube
 01/18  Retire-Canada
 01/18  WannaGoOutside
 01/18  Zinethstache
 01/18  MomCPA
 01/18  OzBeach
~02/18  MandyM
~02/18  PizzaSteve
~03/18  CherryLane
 03/18  Sofa King
 03/18  sol
~03/18  Gimesalot
 04/18  Calvin
 04/18  FernFree
 04/18  Gooki
~04/18  HappyMargo
~04/18 Mother Fussbudget
 04/18  NinetyFour
 04/18  ZiziPB
 05/18  SwordGuy
 05/18  SwordGuy DW
 06/18  Cheddar Stacker
 06/18  Albireo13
 06/18  DavisGang90
 ~06/18  Pylortes
 06/18  CowboyAndIndian
 06/18  Omalley
 06/18 aperture
 07/18  AussieGirl
~07/18  BackAndForth
 07/18  ChasesFish
 ~07/18  Freshwater
 08/18  SpreadsheetMan DW
 10/18  Aperture
~10/18  Caoineag
 10/18  Happy
 10/18  Irishtache
 11/18  DeSteeg
 11/18  Kris
 ??/18  brooklynguy
 ??/18  dividendman
Title: Re: 2018 FIRE cohort
Post by: dividendman on February 03, 2017, 09:59:02 AM
 01/18  FIBy30
 01/18  PrePube
 01/18  Retire-Canada
 01/18  WannaGoOutside
 01/18  Zinethstache
 01/18  MomCPA
 01/18  OzBeach
~02/18  MandyM
~02/18  PizzaSteve
~03/18  CherryLane
 03/18  Sofa King
 03/18  sol
03/18 dividendman
~03/18  Gimesalot
 04/18  Calvin
 04/18  FernFree
 04/18  Gooki
~04/18  HappyMargo
~04/18 Mother Fussbudget
 04/18  NinetyFour
 04/18  ZiziPB
 05/18  SwordGuy
 05/18  SwordGuy DW
 06/18  Cheddar Stacker
 06/18  Albireo13
 06/18  DavisGang90
 ~06/18  Pylortes
 06/18  CowboyAndIndian
 06/18  Omalley
 06/18 aperture
 07/18  AussieGirl
~07/18  BackAndForth
 07/18  ChasesFish
 ~07/18  Freshwater
 08/18  SpreadsheetMan DW
 10/18  Aperture
~10/18  Caoineag
 10/18  Happy
 10/18  Irishtache
 11/18  DeSteeg
 11/18  Kris
 ??/18  brooklynguy
??/18  dividendman

Making my date more well defined. Christ, still over a year, blah.
Title: Re: 2018 FIRE cohort
Post by: yoda34 on February 08, 2017, 01:37:14 PM
Putting myself on this list for 12/2018. Woot!

01/18  FIBy30
 01/18  PrePube
 01/18  Retire-Canada
 01/18  WannaGoOutside
 01/18  Zinethstache
 01/18  MomCPA
 01/18  OzBeach
~02/18  MandyM
~02/18  PizzaSteve
~03/18  CherryLane
 03/18  Sofa King
 03/18  sol
03/18 dividendman
~03/18  Gimesalot
 04/18  Calvin
 04/18  FernFree
 04/18  Gooki
~04/18  HappyMargo
~04/18 Mother Fussbudget
 04/18  NinetyFour
 04/18  ZiziPB
 05/18  SwordGuy
 05/18  SwordGuy DW
 06/18  Cheddar Stacker
 06/18  Albireo13
 06/18  DavisGang90
 ~06/18  Pylortes
 06/18  CowboyAndIndian
 06/18  Omalley
 06/18 aperture
 07/18  AussieGirl
~07/18  BackAndForth
 07/18  ChasesFish
 ~07/18  Freshwater
 08/18  SpreadsheetMan DW
 10/18  Aperture
~10/18  Caoineag
 10/18  Happy
 10/18  Irishtache
 11/18  DeSteeg
 11/18  Kris
 ??/18  brooklynguy
12/18 yoda34
Title: Re: 2018 FIRE cohort
Post by: Fresh Bread on February 08, 2017, 03:59:06 PM
Our retirement plan is to build a small house in our back yard and then move in and rent out the main house. In combination with other investments, we should have more than enough income.

Anyway - we have just reached the point savings wise where we can start getting things moving. With any luck we can build this (Aussie) winter (I know how bizarre that must sound to people that have proper winters). I don't want to get my hopes up but I could be selling my business next Spring... Very exciting to think it might actually happen!
Title: Re: 2018 FIRE cohort
Post by: Monkey Uncle on February 09, 2017, 04:18:46 AM
Putting myself on this list for 12/2018. Woot!

01/18  FIBy30
 01/18  PrePube
 01/18  Retire-Canada
 01/18  WannaGoOutside
 01/18  Zinethstache
 01/18  MomCPA
 01/18  OzBeach
~02/18  MandyM
~02/18  PizzaSteve
~03/18  CherryLane
 03/18  Sofa King
 03/18  sol
03/18 dividendman
~03/18  Gimesalot
 04/18  Calvin
 04/18  FernFree
 04/18  Gooki
~04/18  HappyMargo
~04/18 Mother Fussbudget
 04/18  NinetyFour
 04/18  ZiziPB
 05/18  SwordGuy
 05/18  SwordGuy DW
 06/18  Cheddar Stacker
 06/18  Albireo13
 06/18  DavisGang90
 ~06/18  Pylortes
 06/18  CowboyAndIndian
 06/18  Omalley
 06/18 aperture
 07/18  AussieGirl
~07/18  BackAndForth
 07/18  ChasesFish
 ~07/18  Freshwater
 08/18  SpreadsheetMan DW
 10/18  Aperture
~10/18  Caoineag
 10/18  Happy
 10/18  Irishtache
 11/18  DeSteeg
 11/18  Kris
 ??/18  brooklynguy
12/18 yoda34

Welcome, yoda34!
Title: Re: 2018 FIRE cohort
Post by: MandyM on February 09, 2017, 06:49:33 AM
I am actually participating in two cohorts - this one and 2017. Like momcpa, I'm going part time (3 days/week) later this year and then quitting entirely in 2018. To make the most of the celebratory vibes, I have listed a FIRE date in each.


 01/18  FIBy30
 01/18  PrePube
 01/18  Retire-Canada
 01/18  WannaGoOutside
 01/18  Zinethstache
 01/18  MomCPA
 01/18  OzBeach
~02/18  PizzaSteve
~03/18  CherryLane
 03/18  Sofa King
 03/18  sol
 03/18  dividendman
~03/18  Gimesalot
 04/18  Calvin
 04/18  FernFree
 04/18  Gooki
~04/18  HappyMargo
 04/18  MandyM
~04/18  Mother Fussbudget
 04/18  NinetyFour
 04/18  ZiziPB
 05/18  SwordGuy
 05/18  SwordGuy DW
 06/18  Cheddar Stacker
 06/18  Albireo13
 06/18  DavisGang90
~06/18  Pylortes
 06/18  CowboyAndIndian
 06/18  Omalley
 06/18  aperture
 07/18  AussieGirl
~07/18  BackAndForth
 07/18  ChasesFish
~07/18  Freshwater
 08/18  SpreadsheetMan DW
 10/18  Aperture
~10/18  Caoineag
 10/18  Happy
 10/18  Irishtache
 11/18  DeSteeg
 11/18  Kris
 ??/18  brooklynguy
 12/18  yoda34
Title: Re: 2018 FIRE cohort
Post by: happy on February 09, 2017, 07:27:10 PM
Our retirement plan is to build a small house in our back yard and then move in and rent out the main house. In combination with other investments, we should have more than enough income.

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

It sounds exciting Freshie!  Good to see your plan coming together. I like the idea of living in the small house whilst renting the big one, and you get to keep your property investment.
Title: Re: 2018 FIRE cohort
Post by: Badblackgirl on February 12, 2017, 10:44:37 AM
I am actually participating in two cohorts - this one and 2017. Like momcpa, I'm going part time (3 days/week) later this year and then quitting entirely in 2018. To make the most of the celebratory vibes, I have listed a FIRE date in each.


 01/18  FIBy30
 01/18  PrePube
 01/18  Retire-Canada
 01/18  WannaGoOutside
 01/18  Zinethstache
 01/18  MomCPA
 01/18  OzBeach
~02/18  PizzaSteve
~03/18  CherryLane
 03/18  Sofa King
 03/18  sol
 03/18  dividendman
~03/18  Gimesalot
  03/18 Badblackgirl
 04/18  Calvin
 04/18  FernFree
 04/18  Gooki
~04/18  HappyMargo
 04/18  MandyM
~04/18  Mother Fussbudget
 04/18  NinetyFour
 04/18  ZiziPB
 05/18  SwordGuy
 05/18  SwordGuy DW
 06/18  Cheddar Stacker
 06/18  Albireo13
 06/18  DavisGang90
~06/18  Pylortes
 06/18  CowboyAndIndian
 06/18  Omalley
 06/18  aperture
 07/18  AussieGirl
~07/18  BackAndForth
 07/18  ChasesFish
~07/18  Freshwater
 08/18  SpreadsheetMan DW
 10/18  Aperture
~10/18  Caoineag
 10/18  Happy
 10/18  Irishtache
 11/18  DeSteeg
 11/18  Kris
 ??/18  brooklynguy
 12/18  yoda34


Just added my date March 2018.  Downshifting starting May 2017, 32 hours a week .
Title: Re: 2018 FIRE cohort
Post by: sol on February 13, 2017, 04:54:15 PM
This shit is getting real right quick.  Today mint informed me that I'm supposed to retire in August 2017, a mere six months away, based on some arbitrary dollar value targets I set for myself years ago when I was just an MMM stubble poster.

Six months!  I don't think I'm ready for this level of immediacy yet.  Retirement is still a long ways away in my mind, 18 months or three years or a decade all feel like approximately the same far distance away, but six months is like virtually tomorrow.  I have scheduled events on my social calendar that are more than six months away!
Title: Re: 2018 FIRE cohort
Post by: Cherry Lane on February 13, 2017, 05:19:24 PM
This shit is getting real right quick.  Today mint informed me that I'm supposed to retire in August 2017, a mere six months away, based on some arbitrary dollar value targets I set for myself years ago when I was just an MMM stubble poster.

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

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

These aren't rhetorical questions:  I'm nearing that 12-month mark myself and realizing that ignoring it probably isn't the proper way to prepare.
Title: Re: 2018 FIRE cohort
Post by: Retire-Canada on February 13, 2017, 05:26:12 PM
This is one of the reasons I'm happy to be downshifting to PT for a couple years prior to FIRE. It'll be a nice opportunity to shift gears mentally without a major shock to the system.
Title: Re: 2018 FIRE cohort
Post by: Pylortes on February 13, 2017, 07:00:47 PM
Yes I expect this thread to heat up as we go through 2017 and more people wake up/try to come to terms with the time getting close.  I'm still in denial mode (made a point to add a squiggly by my estimated date) plugging away at work.  Right now things are going good and I've realized the job is half way decent and not as bad as a lot of others (I expect OMY syndrome is rearing its head).  But then other times I feel burned out and daydream about how many days are left until my very rough target etc.  Stuff will get real when I start hitting more "lasts".
Title: Re: 2018 FIRE cohort
Post by: Monkey Uncle on February 14, 2017, 04:40:30 AM
This shit is getting real right quick.  Today mint informed me that I'm supposed to retire in August 2017, a mere six months away, based on some arbitrary dollar value targets I set for myself years ago when I was just an MMM stubble poster.

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

I'm 10 1/2 months out from my appointed date, so I should be feeling this way.  But I'm not, because my FIRE date is in limbo due to the ACA uncertainty.  My best guess at this point is that my health insurance costs will increase by $17k/yr if the ACA goes away without a similar subsidized/pooled replacement.  That would put me about $10k over my safe spend level.  I haven't yet mustered the courage to calculate what that would do to my FIRE date...too depressing.
Title: Re: 2018 FIRE cohort
Post by: brooklynguy on February 14, 2017, 09:59:55 AM
It's ironic that we all seem to be (or at least feel) so psychologically unprepared for an event and condition for which we have been endlessly preparing.  I guess no amount of preparation (or rumination, or discourse) will completely mitigate the shock of experiencing a shift in our personal perception of financial independence and early retirement from abstraction to (impending) concrete reality.
Title: Re: 2018 FIRE cohort
Post by: Retire-Canada on February 14, 2017, 10:18:29 AM
It's ironic that we all seem to be (or at least feel) so psychologically unprepared for an event and condition for which we have been endlessly preparing.  I guess no amount of preparation (or rumination, or discourse) will completely mitigate the shock of experiencing a shift in our personal perception of financial independence and early retirement from abstraction to (impending) concrete reality.

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

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

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

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

We should all tally up how many hours we've spent on financial planning for FIRE and then how many hours we've spent on getting ourselves ready for the physiological process of making this major change in our lives.
Title: Re: 2018 FIRE cohort
Post by: Pylortes on February 14, 2017, 03:49:37 PM
Good points.  From my perspective, I've chosen not to prepare psychologically in a big way yet because I still have a job to do and want to focus on that and also trying to live more in the present. There are also external uncertainties out there (such as ACA repeal, or market/economic under-performance) that could change the calculations. 

Seems to me sort of like I'm running a race, I'm in good position at the moment, but I've got a couple miles left to go.  I prefer to keep my eyes  down on the road focusing on the next step instead of daydreaming too much about the end of the race.  That way I figure if the race has to go a little longer for some reason, I won't be too discouraged, I'll just keep adding more steps until I get to the new finish line.  Perhaps its a game I'm playing- but I want to be adaptable and living in the moment instead of getting fully locked in on the future.
Title: Re: 2018 FIRE cohort
Post by: SwordGuy on February 14, 2017, 06:50:50 PM
Eight of the first nine who were planning to FIRE in 2017 by this date are confirmed to have done so.   We haven't heard from the ninth one way or the other.

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

Pretty exciting!

I'll do my part of make the 2018 numbers equally impressive!
Title: Re: 2018 FIRE cohort
Post by: happy on February 15, 2017, 06:05:05 AM
January and June look to be the most popular months to retire.
Title: Re: 2018 FIRE cohort
Post by: tooqk4u22 on February 15, 2017, 08:31:31 AM
January and June look to be the most popular months to retire.

Start of the year is a natural cutoff and June - hell yeah, summertime. 
Title: Re: 2018 FIRE cohort
Post by: happy on February 16, 2017, 04:04:31 AM
Knew there'd be a Northern hemisphere explanation. I'm guessing but for us underbelly folks I  think July, ( since new financial year starts 1st July in Australia) and December or Jan...for the same reason, and summer.
Title: Re: 2018 FIRE cohort
Post by: dividendman on February 16, 2017, 08:14:41 AM
January and June look to be the most popular months to retire.

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

Hrm, I'm doing end of March because it's the best for tax purposes (avoids a higher tax bracket, fills 401k, will know how much tax from prev year I have to pay, etc.).
Title: Re: 2018 FIRE cohort
Post by: Cherry Lane on February 16, 2017, 12:17:13 PM
January and June look to be the most popular months to retire.

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

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

Yep, March for me, too. Mainly to fill up my tax advantaged contributions. Also to not leave in the middle of winter. I want impending spring to help motivate me to not be a couch potato.
Title: Re: 2018 FIRE cohort
Post by: Minnesota_mom on February 17, 2017, 03:34:46 AM
I'm in for 2018, so long as my mortgage is paid off, and I figure out health care. Two big hurdles, but I am hopeful!
Title: Re: 2018 FIRE cohort
Post by: CowboyAndIndian on February 17, 2017, 05:19:47 AM
Added Minnesota_mom


 01/18  FIBy30
 01/18  PrePube
 01/18  Retire-Canada
 01/18  WannaGoOutside
 01/18  Zinethstache
 01/18  MomCPA
 01/18  OzBeach
~02/18  PizzaSteve
~03/18  CherryLane
 03/18  Sofa King
 03/18  sol
 03/18  dividendman
~03/18  Gimesalot
 03/18 Badblackgirl
 04/18  Calvin
 04/18  FernFree
 04/18  Gooki
~04/18  HappyMargo
 04/18  MandyM
~04/18  Mother Fussbudget
 04/18  NinetyFour
 04/18  ZiziPB
 05/18  SwordGuy
 05/18  SwordGuy DW
 06/18  Cheddar Stacker
 06/18  Albireo13
 06/18  DavisGang90
~06/18  Pylortes
 06/18  CowboyAndIndian
 06/18  Omalley
 06/18  aperture
 07/18  AussieGirl
~07/18  BackAndForth
 07/18  ChasesFish
~07/18  Freshwater
 08/18  SpreadsheetMan DW
 10/18  Aperture
~10/18  Caoineag
 10/18  Happy
 10/18  Irishtache
 11/18  DeSteeg
 11/18  Kris
 ??/18  brooklynguy
 12/18  yoda34
 ??/18 Minnesota_mom


Title: Re: 2018 FIRE cohort
Post by: randomgiraffe on February 22, 2017, 08:43:36 PM
I'm planning to FIRE on Friday June 1, 2018 if I can hang on that long. 10 more months before the final December bonus (hopefully) and then another 5 months to save a cushion of spending money before I take the plunge. When I break it down like that it doesn't seem so bad, but it feels agonizing! Oh well, no doubt the time will pass eventually... Good luck to everyone!
Title: Re: 2018 FIRE cohort
Post by: CowboyAndIndian on February 23, 2017, 07:22:23 AM

Added randomgiraffe


 01/18  FIBy30
 01/18  PrePube
 01/18  Retire-Canada
 01/18  WannaGoOutside
 01/18  Zinethstache
 01/18  MomCPA
 01/18  OzBeach
~02/18  PizzaSteve
~03/18  CherryLane
 03/18  Sofa King
 03/18  sol
 03/18  dividendman
~03/18  Gimesalot
 03/18  Badblackgirl
 04/18  Calvin
 04/18  FernFree
 04/18  Gooki
~04/18  HappyMargo
 04/18  MandyM
~04/18  Mother Fussbudget
 04/18  NinetyFour
 04/18  ZiziPB
 05/18  SwordGuy
 05/18  SwordGuy DW
 06/18  Cheddar Stacker
 06/18  Albireo13
 06/18  DavisGang90
~06/18  Pylortes
 06/18  CowboyAndIndian
 06/18  Omalley
 06/18  aperture
 06/18  randomgiraffe
 07/18  AussieGirl
~07/18  BackAndForth
 07/18  ChasesFish
~07/18  Freshwater
 08/18  SpreadsheetMan DW
 10/18  Aperture
~10/18  Caoineag
 10/18  Happy
 10/18  Irishtache
 11/18  DeSteeg
 11/18  Kris
 ??/18  brooklynguy
 12/18  yoda34
 ??/18  Minnesota_mom

Title: Re: 2018 FIRE cohort
Post by: Caoineag on February 23, 2017, 03:26:08 PM

 01/18  FIBy30
 01/18  PrePube
 01/18  Retire-Canada
 01/18  WannaGoOutside
 01/18  Zinethstache
 01/18  MomCPA
 01/18  OzBeach
~02/18  PizzaSteve
~03/18  CherryLane
 03/18  Sofa King
 03/18  sol
 03/18  dividendman
~03/18  Gimesalot
 03/18  Badblackgirl
~03/18  Caoineag
 04/18  Calvin
 04/18  FernFree
 04/18  Gooki
~04/18  HappyMargo
 04/18  MandyM
~04/18  Mother Fussbudget
 04/18  NinetyFour
 04/18  ZiziPB
 05/18  SwordGuy
 05/18  SwordGuy DW
 06/18  Cheddar Stacker
 06/18  Albireo13
 06/18  DavisGang90
~06/18  Pylortes
 06/18  CowboyAndIndian
 06/18  Omalley
 06/18  aperture
 06/18  randomgiraffe
 07/18  AussieGirl
~07/18  BackAndForth
 07/18  ChasesFish
~07/18  Freshwater
 08/18  SpreadsheetMan DW
 10/18  Aperture
 10/18  Happy
 10/18  Irishtache
 11/18  DeSteeg
 11/18  Kris
 ??/18  brooklynguy
 12/18  yoda34
 ??/18  Minnesota_mom

Realized I needed to move mine up. I have waffled between 11/2017 and early 2018 but think we are pretty set on the early 2018 now so that we aren't retiring into winter. Given that we will be downsizing into an RV for full time travel, early spring seems to be our optimum time period. Being at the 1 year out mark definitely makes you think you need to get things ready. I have a lot of things I want to finish before then. Hopefully no OMY syndrome when we get really close...
Title: Re: 2018 FIRE cohort
Post by: dbtx on February 24, 2017, 01:02:52 PM
My wife will retire from teaching on 6/1/2018 and I plan on quitting my job at that time. We're looking to move to Colorado where property taxes are lower and most of her pension will be exempt from state income tax.
Title: Re: 2018 FIRE cohort
Post by: CowboyAndIndian on February 24, 2017, 01:12:59 PM
Added dbtx


 01/18  FIBy30
 01/18  PrePube
 01/18  Retire-Canada
 01/18  WannaGoOutside
 01/18  Zinethstache
 01/18  MomCPA
 01/18  OzBeach
~02/18  PizzaSteve
~03/18  CherryLane
 03/18  Sofa King
 03/18  sol
 03/18  dividendman
~03/18  Gimesalot
 03/18  Badblackgirl
~03/18  Caoineag
 04/18  Calvin
 04/18  FernFree
 04/18  Gooki
~04/18  HappyMargo
 04/18  MandyM
~04/18  Mother Fussbudget
 04/18  NinetyFour
 04/18  ZiziPB
 05/18  SwordGuy
 05/18  SwordGuy DW
 06/18  Cheddar Stacker
 06/18  Albireo13
 06/18  DavisGang90
~06/18  Pylortes
 06/18  CowboyAndIndian
 06/18  Omalley
 06/18  aperture
 06/18  randomgiraffe
 06/18  dbtx
 07/18  AussieGirl
~07/18  BackAndForth
 07/18  ChasesFish
~07/18  Freshwater
 08/18  SpreadsheetMan DW
 10/18  Aperture
 10/18  Happy
 10/18  Irishtache
 11/18  DeSteeg
 11/18  Kris
 ??/18  brooklynguy
 12/18  yoda34
 ??/18  Minnesota_mom


Title: Re: 2018 FIRE cohort
Post by: CowboyAndIndian on March 01, 2017, 11:47:38 AM
9 more months till this class starts graduating.

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

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

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

Title: Re: 2018 FIRE cohort
Post by: dividendman on March 01, 2017, 03:47:43 PM
9 more months till this class starts graduating.

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

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

I'm feeling pretty good. Still might pull the plug this year and ditch all you 2018ers! :)
Title: Re: 2018 FIRE cohort
Post by: sol on March 01, 2017, 04:00:09 PM
I'm feeling pretty good. Still might pull the plug this year and ditch all you 2018ers! :)

I think a lot of us are eyeing the current market run-up and fantasizing about moving our dates up, but we've already discussed the hazards of that approach. 

People who retire based only on today's dollar figure are more likely to retire at a market peak, and suffer lower than average returns after that.  Better to make longer term predictions based on longer term averages, rather than bail at the earliest chance solely because of a recent hot streak.

Maybe the streak holds.  I hope it does, but I'm not willing to add risk to my retirement matrix by counting on it.
Title: Re: 2018 FIRE cohort
Post by: Retire-Canada on March 01, 2017, 04:06:55 PM
If I hit my 4%WR target $$$ during this rally I'd FIRE. Sadly it's not going to happen most likely as the gap is still too big.
Title: Re: 2018 FIRE cohort
Post by: Fresh Bread on March 01, 2017, 04:09:35 PM
I floated a few retirement project ideas past hubby last night and I might have detected a glimmer of interest in his eyes. I've got plenty lined up for myself but I do worry about him - it's not that he won't fill his days productively, it's that his current ideas involve big things like renovating property for fun which a) will use a lot of our income producing wealth and b) we'll be lucky to break even in our local market due to purchase taxes and c) sounds too much like work to me! I have said, let's get the granny flat built, and if you are still keen, we'll do some major refurbs to our main house, and if you're STILL keen, we'll figure out how to buy a small place to do up.

I think he's worried that he'll get fat and bored, but based on time he's taken off work in the past, that's not going to happen! Maybe he's actually worried about what people will think, so I'll talk to him again and let him know the lines people say to throw people off the scent e.g. I'm a trader, I'm working freelance from home etc. He's involved with a charity once a month right now, and I see him taking a bigger role in that and he can just tell people he has a job there.

Title: Re: 2018 FIRE cohort
Post by: dividendman on March 01, 2017, 04:44:19 PM
I'm feeling pretty good. Still might pull the plug this year and ditch all you 2018ers! :)

I think a lot of us are eyeing the current market run-up and fantasizing about moving our dates up, but we've already discussed the hazards of that approach. 

People who retire based only on today's dollar figure are more likely to retire at a market peak, and suffer lower than average returns after that.  Better to make longer term predictions based on longer term averages, rather than bail at the earliest chance solely because of a recent hot streak.

Maybe the streak holds.  I hope it does, but I'm not willing to add risk to my retirement matrix by counting on it.

I agree about the sub-standard future returns but we also have to keep in mind the 4% rule prevailed even in those environments.

Also, in my particular situation, I've hit my bare-bones FI number last year and am just OMYing it because I'm a chicken shit that gets paid a lot.
Title: Re: 2018 FIRE cohort
Post by: brooklynguy on March 01, 2017, 06:00:26 PM
I think a lot of us are eyeing the current market run-up and fantasizing about moving our dates up, but we've already discussed the hazards of that approach. 

Most aspiring retirees on this forum have set their target dollar figure using a projected-retirement-expense-multiple so extremely conservative that, in order for the retirement plan to fail (assuming actual expenses stay within the projected limit, which itself likewise tends to be conservatively estimated), the future would have to be worse than nearly every period in modern recorded history, plus every failsafe built into the retirement plan's package of external safety margin that otherwise would have saved it would have to fail as well.  So, when the time comes, to disarm the dollar-based retirement trigger out of concern about the market conditions then in existence is not to add undue risk to the plan but is instead to pile on to its already-adequate layers of safety margin and, in all likelihood, needlessly delay retirement.

That said, I'm right there with you (http://forum.mrmoneymustache.com/welcome-to-the-forum/dow-closed-below-17-000-yesterday/msg777661/#msg777661).
Title: Re: 2018 FIRE cohort
Post by: Monkey Uncle on March 02, 2017, 04:38:55 AM
9 more months till this class starts graduating.

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

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

As noted upthread, I'm not feeling too good about my 12/31/17 date due to healthcare uncertainty.  Loss of the ACA is likely to blow up my spending projections.
Title: Re: 2018 FIRE cohort
Post by: MandyM on March 02, 2017, 07:13:36 AM
I'm feeling pretty good. Still might pull the plug this year and ditch all you 2018ers! :)

I think a lot of us are eyeing the current market run-up and fantasizing about moving our dates up, but we've already discussed the hazards of that approach. 

People who retire based only on today's dollar figure are more likely to retire at a market peak, and suffer lower than average returns after that.  Better to make longer term predictions based on longer term averages, rather than bail at the earliest chance solely because of a recent hot streak.

Maybe the streak holds.  I hope it does, but I'm not willing to add risk to my retirement matrix by counting on it.

I'm seriously considering moving my date up, but not (completely) due to the current market. I'm just burned out and I've never been opposed to the idea of getting another job down the road to fill in gaps. I'm hoping to hang on until sept of this year for various reasons, but we shall see.
Title: Re: 2018 FIRE cohort
Post by: CowboyAndIndian on March 02, 2017, 07:56:27 AM
Looks like this cohort is ready to graduate.

I think a lot of us are eyeing the current market run-up and fantasizing about moving our dates up, but we've already discussed the hazards of that approach. 

People who retire based only on today's dollar figure are more likely to retire at a market peak, and suffer lower than average returns after that.  Better to make longer term predictions based on longer term averages, rather than bail at the earliest chance solely because of a recent hot streak.

Maybe the streak holds.  I hope it does, but I'm not willing to add risk to my retirement matrix by counting on it.
Sol, as usual, you nail it.

As noted upthread, I'm not feeling too good about my 12/31/17 date due to healthcare uncertainty.  Loss of the ACA is likely to blow up my spending projections.
Good point Money Uncle. This probably will be the biggest unknown in my plans and probably for all of you also.

Title: Re: 2018 FIRE cohort
Post by: brooklynguy on March 02, 2017, 09:10:30 AM
As noted upthread, I'm not feeling too good about my 12/31/17 date due to healthcare uncertainty.  Loss of the ACA is likely to blow up my spending projections.
Good point Money Uncle. This probably will be the biggest unknown in my plans and probably for all of you also.

Yes, this is currently my single biggest concern as well, but I'm choosing to take the glass half full perspective:  instead of viewing the current state of affairs as healthcare uncertainty putting my plans into jeopardy, I'm focusing on the fact that I'm otherwise more or less a year away from being financially independent.  It's pretty easy to channel that contingent status itself into service as a big fucking optimism bazooka.
Title: Re: 2018 FIRE cohort
Post by: Patches on March 02, 2017, 12:05:33 PM
Hey everyone, I'm with you guys here for 2018.  I just arbitrarily picked Halloween... It'll be 5 years to the day since I bought my business.  Plus it's fun to say that I'm "turning into a pumpkin" on that day.   
Title: Re: 2018 FIRE cohort
Post by: CowboyAndIndian on March 02, 2017, 12:57:10 PM
Added patches


 01/18  FIBy30
 01/18  PrePube
 01/18  Retire-Canada
 01/18  WannaGoOutside
 01/18  Zinethstache
 01/18  MomCPA
 01/18  OzBeach
~02/18  PizzaSteve
~03/18  CherryLane
 03/18  Sofa King
 03/18  sol
 03/18  dividendman
~03/18  Gimesalot
 03/18  Badblackgirl
~03/18  Caoineag
 04/18  Calvin
 04/18  FernFree
 04/18  Gooki
~04/18  HappyMargo
 04/18  MandyM
~04/18  Mother Fussbudget
 04/18  NinetyFour
 04/18  ZiziPB
 05/18  SwordGuy
 05/18  SwordGuy DW
 06/18  Cheddar Stacker
 06/18  Albireo13
 06/18  DavisGang90
~06/18  Pylortes
 06/18  CowboyAndIndian
 06/18  Omalley
 06/18  aperture
 06/18  randomgiraffe
 06/18  dbtx
 07/18  AussieGirl
~07/18  BackAndForth
 07/18  ChasesFish
~07/18  Freshwater
 08/18  SpreadsheetMan DW
 10/18  Aperture
 10/18  Happy
 10/18  Irishtache
 10/18  patches
 11/18  DeSteeg
 11/18  Kris
 ??/18  brooklynguy
 12/18  yoda34
 ??/18  Minnesota_mom

Title: Re: 2018 FIRE cohort
Post by: CowboyAndIndian on March 02, 2017, 12:58:22 PM
Interesting how the majority of folks are FIRE'ing in the first half of the year.
Title: Re: 2018 FIRE cohort
Post by: dividendman on March 02, 2017, 01:05:27 PM
Interesting how the majority of folks are FIRE'ing in the first half of the year.

Yeah, I made the comment earlier that if you work a partial year (especially < half) and make a lot of money you're likely to fill your 401k and also get better tax brackets for your cash.

That's why after I pass around august of this year it's going to be hard justifying not going to march of next year for those bonuses.
Title: Re: 2018 FIRE cohort
Post by: Clean Shaven on March 02, 2017, 02:28:01 PM
I'm leaving the 2022 group, and joining the 2018 group.  Fed up with work, savings have been going well, so ready to pull the plug sooner than later.  Have some major projects to be wrapped up around mid-2017, and since bonus + profit sharing gets paid out in January of each year, I'll stick around until that comes through.  Also have a long vacation planned for fall 2017, so might as well take a trip and get paid for it!

I think I'm on track for sometime around March 2018.  Biggest concern right now is sorting out health care until Medicare eligibility -- I'll be 45, wife is a couple years older.  Our plan is to take some time off, then work when we feel like it and/or if we want to -- scaling back to very part time basis. 
Title: Re: 2018 FIRE cohort
Post by: Gimesalot on March 02, 2017, 02:56:53 PM
I am really feeling unready mostly because the plan is to FIRE and leave the US pretty quickly.  For that to happen, we need to finish fixing our house (adding 2 kitchens and about a dozen other small projects), sell all of our crap, and then hire a property manager and get our apartments rented out. 

I am sweating bullets that it won't all get done!

The financial aspect is less of a worry as I have set us up to have a slightly less than 4% SWR on a VERY padded budget, plus any rental income (estimated $6k-$10k per year) on top of that.  FYI, I didn't plan on having so much extra but I need to keep working to have health insurance while I got the house fixed up. 
Title: Re: 2018 FIRE cohort
Post by: CowboyAndIndian on March 03, 2017, 07:05:06 AM
Welcome Clean Shaven


 01/18  FIBy30
 01/18  PrePube
 01/18  Retire-Canada
 01/18  WannaGoOutside
 01/18  Zinethstache
 01/18  MomCPA
 01/18  OzBeach
~02/18  PizzaSteve
~03/18  CherryLane
 03/18  Sofa King
 03/18  sol
 03/18  dividendman
~03/18  Gimesalot
 03/18  Badblackgirl
~03/18  Caoineag
 03/18  Clean Shaven
 04/18  Calvin
 04/18  FernFree
 04/18  Gooki
~04/18  HappyMargo
 04/18  MandyM
~04/18  Mother Fussbudget
 04/18  NinetyFour
 04/18  ZiziPB
 05/18  SwordGuy
 05/18  SwordGuy DW
 06/18  Cheddar Stacker
 06/18  Albireo13
 06/18  DavisGang90
~06/18  Pylortes
 06/18  CowboyAndIndian
 06/18  Omalley
 06/18  aperture
 06/18  randomgiraffe
 06/18  dbtx
 07/18  AussieGirl
~07/18  BackAndForth
 07/18  ChasesFish
~07/18  Freshwater
 08/18  SpreadsheetMan DW
 10/18  Aperture
 10/18  Happy
 10/18  Irishtache
 10/18  patches
 11/18  DeSteeg
 11/18  Kris
 ??/18  brooklynguy
 12/18  yoda34
 ??/18  Minnesota_mom

Title: Re: 2018 FIRE cohort
Post by: CowboyAndIndian on March 03, 2017, 07:07:59 AM
Interesting how the majority of folks are FIRE'ing in the first half of the year.

Yeah, I made the comment earlier that if you work a partial year (especially < half) and make a lot of money you're likely to fill your 401k and also get better tax brackets for your cash.

That's why after I pass around august of this year it's going to be hard justifying not going to march of next year for those bonuses.

In my case, I have all my ducks in a row and waiting for DS2 to graduate from HS, so I can move out of this HCOL area.

School ends and I am out of here!
Title: Re: 2018 FIRE cohort
Post by: Cheddar Stacker on March 05, 2017, 11:46:55 AM
I turn 40 in the summer of 2018. Stretch goal is to retire before I turn 40...If I can manage to reign in expenses over the next three years it would be easy to reach this goal. As it stands now, it's a longshot.....so I'm setting the goal post at 6/1/18... I likely wouldn't be officially FI yet by then, but I plan to retire first, then get rich.

Even more of a longshot now. My withdrawl rate would have to be somewhere in the 10-12% range to cover expenses, which have gone up, not down. If I make a leap in 2018, it would only be a switch to part-time, or to an easier job. I plan to have a WR well above 4%, but not 3 times above it. I need to reduce the risk a bit more first. Am I the first to flunk out of this class?
Title: Re: 2018 FIRE cohort
Post by: Retire-Canada on March 05, 2017, 11:50:56 AM
I need to reduce the risk a bit more first. Am I the first to flunk out of this class?

I'm downshifting in 2018. I won't be able to stop working entirely, but I can stop working FT and not worry about saving/investing. My stash is big enough to hit FIRE for on its own now in a reasonable timeframe. That's been my plan all along so I'm not counting it as a failure. :)

What happened to increase your COL?
Title: Re: 2018 FIRE cohort
Post by: Cheddar Stacker on March 05, 2017, 01:29:25 PM
New things. Job with added stress/time, House with major renovation, Replaced 2 twelve year old cars. I've always been balancing a less than mustachian family with my own minimalist desires. Constant ebb and flow.

I won't be able to stop working entirely, but I can stop working FT and not worry about saving/investing. My stash is big enough to hit FIRE for on its own now in a reasonable timeframe.


I shifted to this mindset within the last year as well. I need to get out of the waiting place, and start living a more part time FIRE life prior to the FI part.
Title: Re: 2018 FIRE cohort
Post by: Fresh Bread on March 05, 2017, 07:33:44 PM
New things. Job with added stress/time, House with major renovation, Replaced 2 twelve year old cars. I've always been balancing a less than mustachian family with my own minimalist desires. Constant ebb and flow.

I often wonder what people with extremely low budgets have planned for car replacement and things like new kitchens and appliances. Maybe they don't drive and rent... For me, I've included AU$2k a year for car replacement every ten years or more and $2k a year for a major refurb at one point, as well as something for normal repairs & replacement. I guess I could just set aside a lump sum of the stache too. 
Title: Re: 2018 FIRE cohort
Post by: Monkey Uncle on March 06, 2017, 04:21:20 AM
New things. Job with added stress/time, House with major renovation, Replaced 2 twelve year old cars. I've always been balancing a less than mustachian family with my own minimalist desires. Constant ebb and flow.

I often wonder what people with extremely low budgets have planned for car replacement and things like new kitchens and appliances. Maybe they don't drive and rent... For me, I've included AU$2k a year for car replacement every ten years or more and $2k a year for a major refurb at one point, as well as something for normal repairs & replacement. I guess I could just set aside a lump sum of the stache too.

I'm planning for a $5k/yr spending buffer.  I figure in most years we won't use it all, which should make up for the occasional years when we overshoot the buffer due to replacing a vehicle or incurring a major health expense.  For things like appliances that are generally a couple grand or less, I try to accommodate those within the base budget.
Title: Re: 2018 FIRE cohort
Post by: Retire-Canada on March 06, 2017, 07:09:14 AM
Nobody needs a kitchen reno so that's an easy one not to worry about. Our 1980's appliances are going strong, spare parts and service are still available and similar units are available on CL for cheap as people do renos and want to be rid of the old stuff. I don't have a specific budget item for renos or appliance replacement in my FIRE budget.

I don't specifically budget for a replacement vehicle either. It's not something I absolutely need as I live in a walkable neighbourhood and can bike the city fine. So if my vehicle were suddenly toast I don't have to do anything immediately.

If you are doing something 4%-Rule-esque for FIRE most start years will result in your stash growing larger despite your withdrawals so you could take out some extra money for these ^^ types of items.

My own FIRE budget does have a significant portion of luxuries like travel and sports gear. If I needed to I would simply stop spending on this category and redirect towards a vehicle if necessary.

If I didn't want to cut back on my luxury spending I could get a PT job to earn enough for a replacement vehicle. Unless I make a bad choice I shouldn't be doing this frequently.
Title: Re: 2018 FIRE cohort
Post by: dividendman on March 06, 2017, 09:04:22 AM
New things. Job with added stress/time, House with major renovation, Replaced 2 twelve year old cars. I've always been balancing a less than mustachian family with my own minimalist desires. Constant ebb and flow.

I often wonder what people with extremely low budgets have planned for car replacement and things like new kitchens and appliances. Maybe they don't drive and rent... For me, I've included AU$2k a year for car replacement every ten years or more and $2k a year for a major refurb at one point, as well as something for normal repairs & replacement. I guess I could just set aside a lump sum of the stache too.

Yeah, there are a lot of big ticket items that could come up. I was going to go the route of Retire-Canada and just buffer in a flat amount (like 5k) per year but I liked breaking it down into monthly items that won't normally be spent but will come up.

So, I have things like:
$200/mo car maintenance/new car (don't own a car but might)
$100/mo clothes/misc
$300/mo house repair/moving expenses (don't own a house but might)

That's on top of the regular spend that I know is going to happen like food/internet/rent etc.

Most of the time this budget shouldn't be spent but once every few years it might be a big ticket, so it's just accounting for that.
Title: Re: 2018 FIRE cohort
Post by: Fresh Bread on March 06, 2017, 05:11:57 PM
Nobody needs a kitchen reno so that's an easy one not to worry about. Our 1980's appliances are going strong, spare parts and service are still available and similar units are available on CL for cheap as people do renos and want to be rid of the old stuff. I don't have a specific budget item for renos or appliance replacement in my FIRE budget.

I don't specifically budget for a replacement vehicle either. It's not something I absolutely need as I live in a walkable neighbourhood and can bike the city fine. So if my vehicle were suddenly toast I don't have to do anything immediately.

If you are doing something 4%-Rule-esque for FIRE most start years will result in your stash growing larger despite your withdrawals so you could take out some extra money for these ^^ types of items.

My own FIRE budget does have a significant portion of luxuries like travel and sports gear. If I needed to I would simply stop spending on this category and redirect towards a vehicle if necessary.

If I didn't want to cut back on my luxury spending I could get a PT job to earn enough for a replacement vehicle. Unless I make a bad choice I shouldn't be doing this frequently.

Thanks for the explanation.

Our kitchen might be a want not a need but I think we'll still be replacing it as it's cheapo chipboard from the DIY store and looked shoddy when we moved in 4 years ago! I imagine it's 10+ years old and can't see it lasting more than another 5 years. It's not legal here to do anymore than change a tap washer and a lightbulb yourself so it's a very expensive undertaking and will be put off as long as poss...

With repairs I still feel we're in the tool accumulation phase, it's been expensive up til now. That category should come down a bit but then when we're old we're going to want to outsource more physical work so it's swings and roundabouts. Maybe we'll move out by then into a low maintenance place.

Up until about a week ago (!) we were intending living on property income only, so there was no significant lump sum to dip into, it had to be saved, hence the budget. (That's sounds a bit risky so I should point out we also had $100k offset against a mortgage for emergency money and we are in AU so no healthcare blowout worries). Now were are moving to a 50/50 allocation so I can model an alternative.
Title: Re: 2018 FIRE cohort
Post by: CowboyAndIndian on March 06, 2017, 05:30:36 PM

Our kitchen might be a want not a need but I think we'll still be replacing it as it's cheapo chipboard from the DIY store and looked shoddy when we moved in 4 years ago! I imagine it's 10+ years old and can't see it lasting more than another 5 years. It's not legal here to do anymore than change a tap washer and a lightbulb yourself so it's a very expensive undertaking and will be put off as long as poss...


Wow! Cannot believe that the state is so controlling!

I can understand if there are standards for Electric and gas as these could be dangerous. But not in hanging a cabinet. It is something that a first timer can see a couple of u-tube videos and do it well. I just hung my first cabinets in the laundry about 6 months ago and it looks great.

Title: Re: 2018 FIRE cohort
Post by: Fresh Bread on March 06, 2017, 09:13:40 PM

Our kitchen might be a want not a need but I think we'll still be replacing it as it's cheapo chipboard from the DIY store and looked shoddy when we moved in 4 years ago! I imagine it's 10+ years old and can't see it lasting more than another 5 years. It's not legal here to do anymore than change a tap washer and a lightbulb yourself so it's a very expensive undertaking and will be put off as long as poss...


Wow! Cannot believe that the state is so controlling!

I can understand if there are standards for Electric and gas as these could be dangerous. But not in hanging a cabinet. It is something that a first timer can see a couple of u-tube videos and do it well. I just hung my first cabinets in the laundry about 6 months ago and it looks great.

Sorry, no! We can hang cabinets! You could get away with replacing a tap with no-one knowing but I think if you redid the plumbing to rearrange things you'd be in the poo, or if you ran any wiring. And tradies cost $80-$100 an hour where I am so it adds up. We are redoing some ancient pipework in our bathroom but more or less leaving everything in the same location and it is costing $5k in plumbing, the electrician will be about $1.5k just to install a fan and move a plug and light switch. We've got a lot of bits on our version of Craigslist so we've kept costs down and we'll do the tiling, painting and hanging cabinets etc. If we do anything else it will be when interest rates have gone up and the building boom is over and trades are less in demand. Maybe.

I have no idea how the authorities would find out or what happens if they do - maybe you get a fine. You can buy stuff to do these things at the DIY store, so people just do the small stuff anyway, I guess, we have done bits and pieces not realising. With the major stuff where it has to be signed off by a building inspector then I guess licenses are checked?
Title: Re: 2018 FIRE cohort
Post by: SwordGuy on March 06, 2017, 09:48:11 PM
Also, in my particular situation, I've hit my bare-bones FI number last year and am just OMYing it because I'm a chicken shit that gets paid a lot.

Pretty much in the same boat, except we hit our minimum FI # next month, so that's when our OMY clock starts ticking.

Good news is that I see zero reason to delay past that.
Title: Re: 2018 FIRE cohort
Post by: ZiziPB on March 07, 2017, 04:19:13 AM
I was toying with OLY and moving my date to 2017 but decided to stick to my original plan.  The numbers are looking good even though I don't quite trust the recent market run up.  Also, DD is graduating in June and will be looking for a job after returning from 6 years of studying abroad, so I want to be around and help her out by providing a home base while she's looking.  Thus the plan is still to give notice on March 16, 2018 and quit for good on April 1, 2018 :-)
Title: Re: 2018 FIRE cohort
Post by: Michread on March 07, 2017, 05:12:11 AM
Both of us will be retired in 2018.  We're close to our number now with 2 more years to support one more child through college.
Title: Re: 2018 FIRE cohort
Post by: CowboyAndIndian on March 19, 2017, 08:19:30 AM
Added Michread.


 01/18  FIBy30
 01/18  PrePube
 01/18  Retire-Canada
 01/18  WannaGoOutside
 01/18  Zinethstache
 01/18  MomCPA
 01/18  OzBeach
~02/18  PizzaSteve
~03/18  CherryLane
 03/18  Sofa King
 03/18  sol
 03/18  dividendman
~03/18  Gimesalot
 03/18  Badblackgirl
~03/18  Caoineag
 03/18  Clean Shaven
 04/18  Calvin
 04/18  FernFree
 04/18  Gooki
~04/18  HappyMargo
 04/18  MandyM
~04/18  Mother Fussbudget
 04/18  NinetyFour
 04/18  ZiziPB
 05/18  SwordGuy
 05/18  SwordGuy DW
 06/18  Cheddar Stacker
 06/18  Albireo13
 06/18  DavisGang90
~06/18  Pylortes
 06/18  CowboyAndIndian
 06/18  Omalley
 06/18  aperture
 06/18  randomgiraffe
 06/18  dbtx
 07/18  AussieGirl
~07/18  BackAndForth
 07/18  ChasesFish
~07/18  Freshwater
 08/18  SpreadsheetMan DW
 10/18  Aperture
 10/18  Happy
 10/18  Irishtache
 10/18  patches
 11/18  DeSteeg
 11/18  Kris
 ??/18  brooklynguy
 12/18  yoda34
 ??/18  Minnesota_mom
 ??/18  Michread

Title: Re: 2018 FIRE cohort
Post by: CowboyAndIndian on March 19, 2017, 08:23:37 AM
TL;DR Looks like I may be OLY'ing.

I am consultant and my contract had been renewed till March end 2017. There is a limit of 18 months on a contract and my 18 months ended in  March. My boss and his boss got me extended by another six months. So, looks like my contract is now ending September end 2017. No idea what will happen in September.

I do not want to search for a new job, so if this contract ends in Sept, I will FIRE.

Still keeping my name on the list, will update later.
Title: Re: 2018 FIRE cohort
Post by: aperture on March 19, 2017, 08:34:23 AM
TL;DR Looks like I may be OLY'ing.

Congratulations C&I! How does it feel to be suddenly looking at September 2017 vs. September 2018? 

Reason I ask is that y FIRE date is end of June 2018, and I am recently noticing just how FAR that date still feels.  When I look forward to this time next year, I hope that I will start seeing light at the end of the tunnel.  Have you similarly struggled/experienced a change? 

BTW, I admire the work you did on the Financial Planning Template.  Thanks for sharing that.

Best wishes, Ap.
Title: Re: 2018 FIRE cohort
Post by: chasesfish on March 27, 2017, 05:33:10 AM
Does anyone else this close to RE worry that you're about to give your employer?

I can earn/save another $133,000 between now and 6/18 and $262,000 in total between now and 3/19.   This moves all the calculators above 95% and gives me complete freedom geographically (Hawaii is a little more expensive if I move there).

But...what is the market runs another 7-8 years?  What if I end up with a hobby "job" that earns 12k/year?  I just gave my employer two more years of my best mental/physical health in my 30s.

Do any of the other 2018 coherts think this?   I'm fortunate I generally like my job.
Title: Re: 2018 FIRE cohort
Post by: CowboyAndIndian on March 27, 2017, 07:13:28 AM
TL;DR Looks like I may be OLY'ing.

Congratulations C&I! How does it feel to be suddenly looking at September 2017 vs. September 2018? 

Reason I ask is that y FIRE date is end of June 2018, and I am recently noticing just how FAR that date still feels.  When I look forward to this time next year, I hope that I will start seeing light at the end of the tunnel.  Have you similarly struggled/experienced a change? 

BTW, I admire the work you did on the Financial Planning Template.  Thanks for sharing that.

Best wishes, Ap.

Thanks Ap, It's surprisingly scaring. June 2018 was 15 months away and in the future. But six months is scary. All the questions are popping up!! It is also exciting.

Now my employers are considering converting me to an employee before the 6 month extension runs out. There is some part of me that wishes that it falls thru ;-)

Thank you for the kinds words on  the financial template.
Title: Re: 2018 FIRE cohort
Post by: Retire-Canada on March 27, 2017, 08:00:32 AM
Do any of the other 2018 coherts think this?   I'm fortunate I generally like my job.

I think that all the time. That's why I am downshifting to PT now so I can enjoy a bunch more time off while I have my health. My 'stach is big enough to cross the finish line on its own.
Title: Re: 2018 FIRE cohort
Post by: brooklynguy on March 27, 2017, 10:13:02 AM
As noted upthread, I'm not feeling too good about my 12/31/17 date due to healthcare uncertainty.  Loss of the ACA is likely to blow up my spending projections.
Good point Money Uncle. This probably will be the biggest unknown in my plans and probably for all of you also.

The latest turn of events in the healthcare legislation saga should provide a nice shot in the arm for our cohort's confidence level.  The GOP appears to have taken healthcare reform completely off the legislative agenda, so the ACA should remain with us for, in Paul Ryan's words, "the foreseeable future."  That won't necessarily stop Republican efforts to undermine it, but the design of the premium tax credit structure should shield anyone who falls below the maximum income threshold from the worst of those potential consequences, even under the most aggressive campaign of active sabotage imaginable.
Title: Re: 2018 FIRE cohort
Post by: Monkey Uncle on March 27, 2017, 04:22:05 PM
As noted upthread, I'm not feeling too good about my 12/31/17 date due to healthcare uncertainty.  Loss of the ACA is likely to blow up my spending projections.
Good point Money Uncle. This probably will be the biggest unknown in my plans and probably for all of you also.

The latest turn of events in the healthcare legislation saga should provide a nice shot in the arm for our cohort's confidence level.  The GOP appears to have taken healthcare reform completely off the legislative agenda, so the ACA should remain with us for, in Paul Ryan's words, "the foreseeable future."  That won't necessarily stop Republican efforts to undermine it, but the design of the premium tax credit structure should shield anyone who falls below the maximum income threshold from the worst of those potential consequences, even under the most aggressive campaign of active sabotage imaginable.

Yes, I'm eagerly awaiting the upcoming insurance company announcements about ACA exchange participation for 2018.  Hopefully that will give a good indication of where things are headed for the next year or two, at least.
Title: Re: 2018 FIRE cohort
Post by: Monkey Uncle on March 27, 2017, 04:23:53 PM
Does anyone else this close to RE worry that you're about to give your employer?

I can earn/save another $133,000 between now and 6/18 and $262,000 in total between now and 3/19.   This moves all the calculators above 95% and gives me complete freedom geographically (Hawaii is a little more expensive if I move there).

But...what is the market runs another 7-8 years?  What if I end up with a hobby "job" that earns 12k/year?  I just gave my employer two more years of my best mental/physical health in my 30s.

Do any of the other 2018 coherts think this?   I'm fortunate I generally like my job.

Naah, I'm in my late 40s, so my best years are long gone anyway. ;)
Title: Re: 2018 FIRE cohort
Post by: Livingthedream55 on March 28, 2017, 07:45:16 AM
New things. Job with added stress/time, House with major renovation, Replaced 2 twelve year old cars. I've always been balancing a less than mustachian family with my own minimalist desires. Constant ebb and flow.

I often wonder what people with extremely low budgets have planned for car replacement and things like new kitchens and appliances. Maybe they don't drive and rent... For me, I've included AU$2k a year for car replacement every ten years or more and $2k a year for a major refurb at one point, as well as something for normal repairs & replacement. I guess I could just set aside a lump sum of the stache too.

I'm planning for a $5k/yr spending buffer.  I figure in most years we won't use it all, which should make up for the occasional years when we overshoot the buffer due to replacing a vehicle or incurring a major health expense.  For things like appliances that are generally a couple grand or less, I try to accommodate those within the base budget.

This.

Right now I plan to FIRE in 2019 (but could move up to 2018 possibly) - anyway - I plan to FIRE with a $30,000 buffer for major expenditures (new roof, replace car) and add about $5,000 annually out of my retirement income just to feel completely safe.
Title: Re: 2018 FIRE cohort
Post by: brooklynguy on March 28, 2017, 12:56:49 PM
The GOP appears to have taken healthcare reform completely off the legislative agenda, so the ACA should remain with us for, in Paul Ryan's words, "the foreseeable future."

Spoke to soon, perhaps.

NY Times: "Affordable Care Act Repeal Is Back on the Agenda, Republicans Say" (https://www.nytimes.com/2017/03/28/us/politics/health-care-obamacare-freedom-caucus.html?hp&action=click&pgtype=Homepage&clickSource=story-heading&module=first-column-region&region=top-news&WT.nav=top-news&_r=0)
Title: Re: 2018 FIRE cohort
Post by: dividendman on March 28, 2017, 03:01:47 PM
The GOP appears to have taken healthcare reform completely off the legislative agenda, so the ACA should remain with us for, in Paul Ryan's words, "the foreseeable future."

Spoke to soon, perhaps.

NY Times: "Affordable Care Act Repeal Is Back on the Agenda, Republicans Say" (https://www.nytimes.com/2017/03/28/us/politics/health-care-obamacare-freedom-caucus.html?hp&action=click&pgtype=Homepage&clickSource=story-heading&module=first-column-region&region=top-news&WT.nav=top-news&_r=0)

I think we can safely say what the Republicans say and what they do is just like stocks and bonds: not correlated. (except in the case of extreme disaster)
Title: Re: 2018 FIRE cohort
Post by: aperture on March 29, 2017, 11:45:35 AM
Naah, I'm in my late 40s, so my best years are long gone anyway. ;)

+1 LOL - if I start looking at it this way, I have to think I am giving my employer 1/10 to 1/30 of my lifetime for OMY. Depressing.
Title: Re: 2018 FIRE cohort
Post by: JLTinVA on March 30, 2017, 11:10:11 AM
One year from today: 3/30/2018. I can't wait.
Title: Re: 2018 FIRE cohort
Post by: CowboyAndIndian on March 30, 2017, 01:14:38 PM
Added JLTinVA


 01/18  FIBy30
 01/18  PrePube
 01/18  Retire-Canada
 01/18  WannaGoOutside
 01/18  Zinethstache
 01/18  MomCPA
 01/18  OzBeach
~02/18  PizzaSteve
~03/18  CherryLane
 03/18  Sofa King
 03/18  sol
 03/18  dividendman
~03/18  Gimesalot
 03/18  Badblackgirl
~03/18  Caoineag
 03/18  Clean Shaven
 03/18  JLTinVA
 04/18  Calvin
 04/18  FernFree
 04/18  Gooki
~04/18  HappyMargo
 04/18  MandyM
~04/18  Mother Fussbudget
 04/18  NinetyFour
 04/18  ZiziPB
 05/18  SwordGuy
 05/18  SwordGuy DW
 06/18  Cheddar Stacker
 06/18  Albireo13
 06/18  DavisGang90
~06/18  Pylortes
 06/18  CowboyAndIndian
 06/18  Omalley
 06/18  aperture
 06/18  randomgiraffe
 06/18  dbtx
 07/18  AussieGirl
~07/18  BackAndForth
 07/18  ChasesFish
~07/18  Freshwater
 08/18  SpreadsheetMan DW
 10/18  Aperture
 10/18  Happy
 10/18  Irishtache
 10/18  patches
 11/18  DeSteeg
 11/18  Kris
 ??/18  brooklynguy
 12/18  yoda34
 ??/18  Minnesota_mom
 ??/18  Michread

Title: Re: 2018 FIRE cohort
Post by: yoda34 on April 01, 2017, 08:19:05 AM
Quick update on our plans. As of now we are ~21 months out. It sounds like a long time, but our immediate FIRE goals require some longer term planning.

Starting in Jan 2019 we plan on buying a boat and spending a year doing the great loop and then ~ a year cruising the Bahamas and Caribbean. The planning has already begun! House is going on the market in 2 months and we're already starting to sell things. Goal is to rent the last 12+ months and have the majority of our stuff that won't go on the boat sold by the end of next year.

Also starting to buy the 2017/2018 guide books for the great loop and doing route planning. I know its still a ways off but too excited - had to share!
Title: Re: 2018 FIRE cohort
Post by: CowboyAndIndian on April 01, 2017, 09:38:41 AM
Quick update on our plans. As of now we are ~21 months out. It sounds like a long time, but our immediate FIRE goals require some longer term planning.

Starting in Jan 2019 we plan on buying a boat and spending a year doing the great loop and then ~ a year cruising the Bahamas and Caribbean. The planning has already begun! House is going on the market in 2 months and we're already starting to sell things. Goal is to rent the last 12+ months and have the majority of our stuff that won't go on the boat sold by the end of next year.

Also starting to buy the 2017/2018 guide books for the great loop and doing route planning. I know its still a ways off but too excited - had to share!

Awesome plans.

Don't forget to post updates with lots of pictures in this forum when you do the great loop and caribbean cruises.
Title: Re: 2018 FIRE cohort
Post by: aperture on April 02, 2017, 08:05:11 AM
Quick update on our plans. As of now we are ~21 months out. It sounds like a long time, but our immediate FIRE goals require some longer term planning.

Starting in Jan 2019 we plan on buying a boat and spending a year doing the great loop and then ~ a year cruising the Bahamas and Caribbean. The planning has already begun! House is going on the market in 2 months and we're already starting to sell things. Goal is to rent the last 12+ months and have the majority of our stuff that won't go on the boat sold by the end of next year.

Also starting to buy the 2017/2018 guide books for the great loop and doing route planning. I know its still a ways off but too excited - had to share!

Wow - what an incredibly cool plan.  I never even heard of the great loop - had to google it.  Question: have you always been into boating, or has this been a passion that developed more recently?
Title: Re: 2018 FIRE cohort
Post by: MandyM on April 03, 2017, 06:30:47 AM
Quick update on our plans. As of now we are ~21 months out. It sounds like a long time, but our immediate FIRE goals require some longer term planning.

Starting in Jan 2019 we plan on buying a boat and spending a year doing the great loop and then ~ a year cruising the Bahamas and Caribbean. The planning has already begun! House is going on the market in 2 months and we're already starting to sell things. Goal is to rent the last 12+ months and have the majority of our stuff that won't go on the boat sold by the end of next year.

Also starting to buy the 2017/2018 guide books for the great loop and doing route planning. I know its still a ways off but too excited - had to share!

Be warned: My aunt and uncle retired to their boat and planned to sail the Caribbean for 2 years...they finally returned last year after spending 6 years touring!
Title: Re: 2018 FIRE cohort
Post by: yoda34 on April 08, 2017, 12:31:55 PM
@aperture - relatively new (say the last 5 years or so). Took an into sailing class in 2013 and loved it. Went on to get ASA certified through 106 and then the DW and I have done some charters since then and sail whenever we can get away (which is not nearly often enough).

@MandyM - :) that would be fantastic if it ends up that way! Doing it right on sailboat can be a pretty mustachian way to live.
Title: Re: 2018 FIRE cohort
Post by: aperture on April 09, 2017, 07:15:00 PM
@aperture - relatively new (say the last 5 years or so). Took an into sailing class in 2013 and loved it. Went on to get ASA certified through 106 and then the DW and I have done some charters since then and sail whenever we can get away (which is not nearly often enough).

@yoda34 - this is one of the best reasons to retire early I think: when you will not be using 40 hours per week of your time renting out your brain, you have to dream up a new (better) thing to do with that time.  Sailing seems much better then cubicle surfing.  Best wishes. -ap.
Title: Re: 2018 FIRE cohort
Post by: DTaggart on April 12, 2017, 12:43:25 PM
Well I think it's about time I officially joined you guys, and declare my estimated retirement date of April 2018 - let's call it 4/13/18.

I'm fortunate that I have an awesome (and by all appearances secure) pension from my job, so when I turn 50 in 2027 I will be able to start collecting ~25k/year. With that, I'm targeting a roughly 5% withdrawal rate for my stache which I should hit early next year. I have to admit, the whole health care thing has me nervous since if the ACA were to go away or be significantly altered that will have a big effect on our spending, but I'm hoping that between some buffer spending/income, hubby's VA eligibility, and the fact that we live in CA (I suspect that they will move towards a state-level system if the feds fuck us all over) we'll be able to overcome that. In any event, I think I'd rather live a shorter life of freedom than a longer life of indentured servitude, so I'll have to risk it.

I'm also trying to save up an extra bucket of cash for some long-neglected house renovations that I hope to accomplish in retirement. We bought our house as a fixer-upper in 2003 and haven't really done much of the fixing-up. We did some minor improvements to the bathroom but I think we're going to replace the whole bathtub/shower enclosure, and the kitchen is still the original 1960 installation, complete with burnt-orange oven and rangetop as well as pinkish-brown laminate countertop. What a strange decade the 60's must have been.

Title: Re: 2018 FIRE cohort
Post by: aperture on April 13, 2017, 09:24:53 PM

 01/18  FIBy30
 01/18  PrePube
 01/18  Retire-Canada
 01/18  WannaGoOutside
 01/18  Zinethstache
 01/18  MomCPA
 01/18  OzBeach
~02/18  PizzaSteve
~03/18  CherryLane
 03/18  Sofa King
 03/18  sol
 03/18  dividendman
~03/18  Gimesalot
 03/18  Badblackgirl
~03/18  Caoineag
 03/18  Clean Shaven
 03/18  JLTinVA
 04/18  Calvin
 04/18  DTaggart
 04/18  FernFree
 04/18  Gooki
~04/18  HappyMargo
 04/18  MandyM
~04/18  Mother Fussbudget
 04/18  NinetyFour
 04/18  ZiziPB
 05/18  SwordGuy
 05/18  SwordGuy DW
 06/18  Cheddar Stacker
 06/18  Albireo13
 06/18  DavisGang90
~06/18  Pylortes
 06/18  CowboyAndIndian
 06/18  Omalley
 06/18  aperture
 06/18  randomgiraffe
 06/18  dbtx
 07/18  AussieGirl
~07/18  BackAndForth
 07/18  ChasesFish
~07/18  Freshwater
 08/18  SpreadsheetMan DW
 10/18  Happy
 10/18  Irishtache
 10/18  patches
 11/18  DeSteeg
 11/18  Kris
 ??/18  brooklynguy
 12/18  yoda34
 ??/18  Minnesota_mom
 ??/18  Michread


Welcome DTaggart!
Title: Re: 2018 FIRE cohort
Post by: davisgang90 on April 14, 2017, 06:04:07 AM
I had a conversation with a fellow military guy with about the same time/rank in the service as me.  He just found out he won't be promoted again and is trying to figure out what to do next.

I laid out my plan to retire and live on my pension.  He had no idea how much his pension would even pay.  He was surprised how high the amount was.  He asked me what I planned to "do all day".  When I queried him, he told me he had no real hobbies or interests beyond his military career.  I told him it might be time to start thinking about it.

I'm the first to say that I derive a great deal of my self-worth from my service and career, but I have lots of other interests and I'm excited by the opportunity to retire and have more time for other interests.  I'm constantly surprised when I talk to my peers and none of them have even considered a full retirement on their (quite generous) pension.
Title: Re: 2018 FIRE cohort
Post by: Nords on April 15, 2017, 10:14:28 PM
I laid out my plan to retire and live on my pension.  He had no idea how much his pension would even pay.  He was surprised how high the amount was.  He asked me what I planned to "do all day".  When I queried him, he told me he had no real hobbies or interests beyond his military career.  I told him it might be time to start thinking about it.
I get that a lot from my readers.  And their spouses.

Along with "Oh, yeah, sure, but I don't want to have to drink cheap wine, let alone recycle my dental floss..."
Title: Re: 2018 FIRE cohort
Post by: Blindsquirrel on April 16, 2017, 06:50:06 AM
    I heard this is where all the cool kids hang out. I think I want in on getting out in 2018. :)
Title: Re: 2018 FIRE cohort
Post by: SwordGuy on April 17, 2017, 11:12:51 AM
Just went back thru our numbers and I can't see any reason we shouldn't be able to FIRE in May, 2018.  We are so close!

That's the earliest for my darling wife because she (quite rightly) won't leave her colleagues and students in the lurch part way thru the school year.

I might pull my date forward but, then again, maybe I'll wait until my darling wife can FIRE with me.  Might be "a good idea". :)
Title: Re: 2018 FIRE cohort
Post by: EnjoyIt on April 17, 2017, 01:44:03 PM
Still looking to semi retire by the end of 2018. I really do like my job and would love to work 8 days a month for the next 15 years.  So does that make me the class of semi retire 2018 or 2019?
Title: Re: 2018 FIRE cohort
Post by: Fire1018 on April 17, 2017, 03:00:04 PM
I'm officially signing on for Oct 2018...happy to join the club!
Title: Re: 2018 FIRE cohort
Post by: CowboyAndIndian on April 17, 2017, 03:13:48 PM
Welcome Blindsquirrel, Fire1018 and EnjoyIt.

 01/18  FIBy30
 01/18  PrePube
 01/18  Retire-Canada
 01/18  WannaGoOutside
 01/18  Zinethstache
 01/18  MomCPA
 01/18  OzBeach
~02/18  PizzaSteve
~03/18  CherryLane
 03/18  Sofa King
 03/18  sol
 03/18  dividendman
~03/18  Gimesalot
 03/18  Badblackgirl
~03/18  Caoineag
 03/18  Clean Shaven
 03/18  JLTinVA
 04/18  Calvin
 04/18  DTaggart
 04/18  FernFree
 04/18  Gooki
~04/18  HappyMargo
 04/18  MandyM
~04/18  Mother Fussbudget
 04/18  NinetyFour
 04/18  ZiziPB
 05/18  SwordGuy
 05/18  SwordGuy DW
 06/18  Cheddar Stacker
 06/18  Albireo13
 06/18  DavisGang90
~06/18  Pylortes
 06/18  CowboyAndIndian
 06/18  Omalley
 06/18  aperture
 06/18  randomgiraffe
 06/18  dbtx
 07/18  AussieGirl
~07/18  BackAndForth
 07/18  ChasesFish
~07/18  Freshwater
 08/18  SpreadsheetMan DW
 10/18  Happy
 10/18  Irishtache
 10/18  patches
 10/18  Fire1018
 11/18  DeSteeg
 11/18  Kris
 ??/18  brooklynguy
 12/18  yoda34
 12/18  EnjoyIt
 ??/18  Minnesota_mom
 ??/18  Michread
 ??/18  Blindsquirrel


Title: Re: 2018 FIRE cohort
Post by: LateStarter on April 17, 2017, 04:27:37 PM
In 2013 I thought I'd be working until 65 (2026). Did some more calcs and got it down to maybe 2023. I was sort of on the right track but didn't have real direction. In 2015 I stumbled across MMM and it all fell into place. I immediately got properly focused and revised my target to 2020.

Now, thanks to improved earnings and an 80% savings rate, I'm aiming for 56/57 (2018). So, count me in - I'll optimistically add myself to the list for April.
Title: Re: 2018 FIRE cohort
Post by: LateStarter on April 17, 2017, 04:30:39 PM
 01/18  FIBy30
 01/18  PrePube
 01/18  Retire-Canada
 01/18  WannaGoOutside
 01/18  Zinethstache
 01/18  MomCPA
 01/18  OzBeach
~02/18  PizzaSteve
~03/18  CherryLane
 03/18  Sofa King
 03/18  sol
 03/18  dividendman
~03/18  Gimesalot
 03/18  Badblackgirl
~03/18  Caoineag
 03/18  Clean Shaven
 03/18  JLTinVA
 04/18  Calvin
 04/18  DTaggart
 04/18  FernFree
 04/18  Gooki
~04/18  HappyMargo
 04/18  MandyM
~04/18  Mother Fussbudget
 04/18  NinetyFour
 04/18  ZiziPB
 04/18  LateStarter
 05/18  SwordGuy
 05/18  SwordGuy DW
 06/18  Cheddar Stacker
 06/18  Albireo13
 06/18  DavisGang90
~06/18  Pylortes
 06/18  CowboyAndIndian
 06/18  Omalley
 06/18  aperture
 06/18  randomgiraffe
 06/18  dbtx
 07/18  AussieGirl
~07/18  BackAndForth
 07/18  ChasesFish
~07/18  Freshwater
 08/18  SpreadsheetMan DW
 10/18  Happy
 10/18  Irishtache
 10/18  patches
 10/18  Fire1018
 11/18  DeSteeg
 11/18  Kris
 ??/18  brooklynguy
 12/18  yoda34
 12/18  EnjoyIt
 ??/18  Minnesota_mom
 ??/18  Michread
 ??/18  Blindsquirrel
Title: Re: 2018 FIRE cohort
Post by: rpr on April 17, 2017, 04:38:48 PM
Just wanted to post in this thread. I would have loved to FIRE in 2018 but unfortunately it is still at least 5 years away. I could do an MMM style FIRE but need some more in the stash for more travel funding.

Good luck and I'll be following along. 
Title: Re: 2018 FIRE cohort
Post by: Cherry Lane on April 18, 2017, 06:30:11 PM
Well, I did it. Today was my annual review and I told my boss I didn't expect to be around for the next one.

I'm a gov't worker, so no risk of being shown the door earlier than I desire.  I've also been the manager on this program for 8-9 years, so I wanted to give her some time to consider succession planning.  (Something we talk about in theory, but haven't done much about up til now.)  My program runs on a calendar year cycle, and I committed to completing this round, but said it would be my last full cycle.

Things are starting to feel real here.
Title: Re: 2018 FIRE cohort
Post by: aperture on April 24, 2017, 07:23:03 PM
Well, I did it. Today was my annual review and I told my boss I didn't expect to be around for the next one.

I'm a gov't worker, so no risk of being shown the door earlier than I desire.  I've also been the manager on this program for 8-9 years, so I wanted to give her some time to consider succession planning.  (Something we talk about in theory, but haven't done much about up til now.)  My program runs on a calendar year cycle, and I committed to completing this round, but said it would be my last full cycle.

Things are starting to feel real here.

Congratulations Cherry Lane.  How did your boss react?  Was s/he surprised? Incredulous? Non-plussed? I think any of those reactions is equally likely.

It is so exciting to start winding down the work life. I look forward to having the same conversation with my boss.  Probably I will discuss it with her this September. My organization has never escorted anyone out after giving notice, and my department will fare much better if we plan to fill my position early.  Best wishes - aperture.
Title: Re: 2018 FIRE cohort
Post by: jfer_rose on May 02, 2017, 05:51:12 PM
Well, I did it. Today was my annual review and I told my boss I didn't expect to be around for the next one.

I'm a gov't worker, so no risk of being shown the door earlier than I desire.  I've also been the manager on this program for 8-9 years, so I wanted to give her some time to consider succession planning.  (Something we talk about in theory, but haven't done much about up til now.)  My program runs on a calendar year cycle, and I committed to completing this round, but said it would be my last full cycle.

Things are starting to feel real here.

Cherry Lane-- Congratulations! I'm reading this thread because I am considering joining the 2019 cohort and wanted to read what other nearby cohorts are up to. Having met Cherry Lane in person, I'm just particularly pleased to hear your plans are getting so real!! So cool. Sorry I can't congratulate you in person-- I moved away about a year and a half ago.
Title: Re: 2018 FIRE cohort
Post by: Cherry Lane on May 02, 2017, 08:46:15 PM
Congratulations Cherry Lane.  How did your boss react?  Was s/he surprised? Incredulous? Non-plussed? I think any of those reactions is equally likely.
Thanks, aperture!  Initial surprise, lots of pacing around the office in a panicked manner.  She admitted that she knew I wouldn't be there forever but had been avoiding thinking about it.

I asked her not to share my plans with anyone, as I was just telling her as a courtesy for succession planning and am not ready to go public.  So far she hasn't told anyone, so that's good. 

My likely successor has been out of the office since this talk.  She and I need to have a conversation when she's back next week.  I'm working on how to frame the message that I'll need her to step up this year and do more of the work on my program without telling her why.  She would not keep my news to herself.

Cherry Lane-- Congratulations! I'm reading this thread because I am considering joining the 2019 cohort and wanted to read what other nearby cohorts are up to. Having met Cherry Lane in person, I'm just particularly pleased to hear your plans are getting so real!! So cool. Sorry I can't congratulate you in person-- I moved away about a year and a half ago.

Hi, jfer_rose!  Thanks for stopping in.  I'd heard you moved away and have missed seeing you at the meetups.  I've done the same as you, keeping up with the 2016 and 2017 threads - it helps to know what people just ahead on the timeline are planning/doing/thinking/feeling.  Very exciting that you are looking at 2019!
Title: Re: 2018 FIRE cohort
Post by: davisgang90 on May 03, 2017, 06:27:38 AM
Did my spring physical readiness test today.  That means I have just 2 more until FIRE, this coming fall and next spring.

FIRE almost 1 year out.  I hit 27 years in the Navy tomorrow.

Title: Re: 2018 FIRE cohort
Post by: CowboyAndIndian on May 03, 2017, 06:43:38 AM
Did my spring physical readiness test today.  That means I have just 2 more until FIRE, this coming fall and next spring.

FIRE almost 1 year out.  I hit 27 years in the Navy tomorrow.

I like that, timing FIRE by physical readiness tests!

Almost there!
Title: Re: 2018 FIRE cohort
Post by: happy on May 03, 2017, 06:50:50 AM
I have a very unpleasant and stressful on-call week that comes around every 3 months. So I am doing a countdown of that. I'm going in 18 months, so 6 more to do. After 35 years of doing all sorts of crazy after-hours cover, only 6 more is almost too hard to believe!
Title: Re: 2018 FIRE cohort
Post by: dividendman on May 03, 2017, 01:35:20 PM
01/18  FIBy30
 01/18  PrePube
 01/18  Retire-Canada
 01/18  WannaGoOutside
 01/18  Zinethstache
 01/18  MomCPA
 01/18  OzBeach
~02/18  PizzaSteve
~03/18  CherryLane
 03/18  Sofa King
 03/18  sol
 ~03/18  Gimesalot
 03/18  Badblackgirl
~03/18  Caoineag
 03/18  Clean Shaven
 03/18  JLTinVA
 04/18  Calvin
 04/18  DTaggart
 04/18  FernFree
 04/18  Gooki
~04/18  HappyMargo
 04/18  MandyM
~04/18  Mother Fussbudget
 04/18  NinetyFour
 04/18  ZiziPB
 04/18  LateStarter
 05/18  SwordGuy
 05/18  SwordGuy DW
 06/18  Cheddar Stacker
 06/18  Albireo13
 06/18  DavisGang90
~06/18  Pylortes
 06/18  CowboyAndIndian
 06/18  Omalley
 06/18  aperture
 06/18  randomgiraffe
 06/18  dbtx
 07/18  AussieGirl
~07/18  BackAndForth
 07/18  ChasesFish
~07/18  Freshwater
 08/18  SpreadsheetMan DW
 10/18  Happy
 10/18  Irishtache
 10/18  patches
 10/18  Fire1018
 11/18  DeSteeg
 11/18  Kris
 ??/18  brooklynguy
 12/18  yoda34
 12/18  EnjoyIt
 ??/18  Minnesota_mom
 ??/18  Michread
 ??/18  Blindsquirrel

I've removed myself from the list.... I'm calling it 7 months early and going to move to the 2017 cohort in August! Woooo. It was fun being in this cohort! (and I'm still going to follow the thread)

Good luck folks!
Title: Re: 2018 FIRE cohort
Post by: DTaggart on May 03, 2017, 01:38:28 PM
I've removed myself from the list.... I'm calling it 7 months early and going to move to the 2017 cohort in August! Woooo. It was fun being in this cohort! (and I'm still going to follow the thread)

Good luck folks!

w00t!!!!! Let us know how it goes, so that we may live vicariously through you :)
Title: Re: 2018 FIRE cohort
Post by: Retire-Canada on May 03, 2017, 01:53:45 PM
Congrats. That's wonderful news. :)
Title: Re: 2018 FIRE cohort
Post by: Cherry Lane on May 03, 2017, 02:06:26 PM
Way to go, dividendman!

I have FIRE envy.
Title: Re: 2018 FIRE cohort
Post by: chasesfish on May 03, 2017, 02:25:03 PM
Congrats!
Title: Re: 2018 FIRE cohort
Post by: happy on May 03, 2017, 03:27:29 PM
Excellent!
Title: Re: 2018 FIRE cohort
Post by: Fresh Bread on May 03, 2017, 04:29:54 PM
Congrats dividendman!!
Title: Re: 2018 FIRE cohort
Post by: dividendman on May 03, 2017, 06:33:05 PM
Thanks for all of the well wishes!

I was looking through my old posts and one of my first ones was this: https://forum.mrmoneymustache.com/ask-a-mustachian/semi-fi-career-change-how-do-you-do-it/msg379792/#msg379792 (https://forum.mrmoneymustache.com/ask-a-mustachian/semi-fi-career-change-how-do-you-do-it/msg379792/#msg379792) way back in August 2014.

Looking back, I'm glad I stuck it out instead of going part time/changing careers, but it was definitely a slog. These next 3 months are going to be even more brutal now that I know I'm pulling the plug.

On the plus side, I am meeting my 10 year plan I set when I was 25 (and had negative NW) which was to accumulate $1M so I could do whatever I wanted (didn't know about FIRE back then). I'll be pretty close to $1M if the market stays where it is. Interesting how that long term goal played out and how all of my big decisions were for that goal.

Now I need a new 10 year goal!
Title: Re: 2018 FIRE cohort
Post by: aperture on May 04, 2017, 07:56:34 AM
Thanks for all of the well wishes!

I was looking through my old posts and one of my first ones was this: https://forum.mrmoneymustache.com/ask-a-mustachian/semi-fi-career-change-how-do-you-do-it/msg379792/#msg379792 (https://forum.mrmoneymustache.com/ask-a-mustachian/semi-fi-career-change-how-do-you-do-it/msg379792/#msg379792) way back in August 2014.

Looking back, I'm glad I stuck it out instead of going part time/changing careers, but it was definitely a slog. These next 3 months are going to be even more brutal now that I know I'm pulling the plug.

On the plus side, I am meeting my 10 year plan I set when I was 25 (and had negative NW) which was to accumulate $1M so I could do whatever I wanted (didn't know about FIRE back then). I'll be pretty close to $1M if the market stays where it is. Interesting how that long term goal played out and how all of my big decisions were for that goal.

Now I need a new 10 year goal!

Dividendman, congrats on pulling the plug early. I went back and read your linked post.  It is really nice to see that place you came from feeling pretty low at work (like most of us do at times - at least I can relate), and seeing you now stepping out of work in a strong position to dream up what's next.  Wish you all the best.  -ap.
Title: Re: 2018 FIRE cohort
Post by: SwordGuy on May 05, 2017, 10:32:47 AM
Checked the academic calendar.  My wife can retire on May 8, 2018, which is the day after grades are due.
Her wages come in on a yearly basis (rather than bigger $ during the school year and $0 in the summer), so she'll still have an income until the end of August.

I think I'll retire no later than May 1, 2018.   That way I can handle her chores for her during finals week.

Title: Re: 2018 FIRE cohort
Post by: SwordGuy on May 10, 2017, 07:13:03 PM
Just changed my forum signature to reflect our FI date!  Woot!
Title: Re: 2018 FIRE cohort
Post by: Pylortes on May 16, 2017, 11:03:06 AM
Grinding away at work (or not).  Spending more time daydreaming and reading/planning for investments than working.  I find this is a hard time of year to focus at work anyway due to all the great weather and outside activities going on.  I'd rather be out there playing or working on home improvement projects!  Not sure how I'm going to regain the motivation at work right now. 
Title: Re: 2018 FIRE cohort
Post by: Retire-Canada on May 16, 2017, 11:06:29 AM
Not sure how I'm going to regain the motivation at work right now.

With a 2018 FIRE date you don't necessarily need to get re-motivated. All you have to do is coast to the finish line. If you are a high level performer [not uncommon on this forum] you can likely meet your minimum job expectations and goof off. I know that I can.
Title: Re: 2018 FIRE cohort
Post by: WannaGoOutside on May 16, 2017, 11:09:50 AM
Long time lurker ... first time poster.

[Deep breath]  I'm in for 2018!  In fact, the very beginning of 2018!

Insert the usual disclaimers about the election and ACA changes.  As long as there are affordable (and somewhat stable??) health care choices available, I'm in!

Our plan is
   (1) Sell our house while the housing market in our area is very good.  Probably by mid 2017.
   (2) DH will pull the plug then, and move to our "retirement" home that we already own in a neighboring state. 
         Goodbye concrete!  Hello pine trees!
   (3) I will stay behind to finish 2017, mainly to provide benefits for our college / post college kiddos.  I'll stay with sister, friends, parents.
   (4) Sometime towards the end of 2017, give notice and prepare for Life NOT Working For The Man!

I've already got my Dr. Doom inspired lists going of things I want to do Post FIRE.  I am SOOOOO looking forward to it!

I am afraid that I am leaving the 2018 cohorts ... another victim of OLY!

Our plan outlined above worked... too well!?!  We put the house on the market March 30... had 4 offers well over asking price in the first 4 days.  We closed on one of those offers 3 weeks later!!?!  So DH gave notice, and he and the doggies have moved to our retirement home out of state.  I'm surfing guest rooms.  AND I've recently learned that there is a voluntary package being offered at work.

SO, June 30, 2017 is the new date.  I can't believe it.  I haven't said it out loud at work yet, as I have a large group of employees and we are working out the transition plan... but only 32 more working days!!!!?!
Title: Re: 2018 FIRE cohort
Post by: Retire-Canada on May 16, 2017, 11:13:39 AM
I am afraid that I am leaving the 2018 cohorts ... another victim of OLY!

Congrats! :)
Title: Re: 2018 FIRE cohort
Post by: dividendman on May 16, 2017, 11:39:47 AM
Long time lurker ... first time poster.

[Deep breath]  I'm in for 2018!  In fact, the very beginning of 2018!

Insert the usual disclaimers about the election and ACA changes.  As long as there are affordable (and somewhat stable??) health care choices available, I'm in!

Our plan is
   (1) Sell our house while the housing market in our area is very good.  Probably by mid 2017.
   (2) DH will pull the plug then, and move to our "retirement" home that we already own in a neighboring state. 
         Goodbye concrete!  Hello pine trees!
   (3) I will stay behind to finish 2017, mainly to provide benefits for our college / post college kiddos.  I'll stay with sister, friends, parents.
   (4) Sometime towards the end of 2017, give notice and prepare for Life NOT Working For The Man!

I've already got my Dr. Doom inspired lists going of things I want to do Post FIRE.  I am SOOOOO looking forward to it!

I am afraid that I am leaving the 2018 cohorts ... another victim of OLY!

Our plan outlined above worked... too well!?!  We put the house on the market March 30... had 4 offers well over asking price in the first 4 days.  We closed on one of those offers 3 weeks later!!?!  So DH gave notice, and he and the doggies have moved to our retirement home out of state.  I'm surfing guest rooms.  AND I've recently learned that there is a voluntary package being offered at work.

SO, June 30, 2017 is the new date.  I can't believe it.  I haven't said it out loud at work yet, as I have a large group of employees and we are working out the transition plan... but only 32 more working days!!!!?!

Woot. Come join me in the 2017 cohort! https://forum.mrmoneymustache.com/throw-down-the-gauntlet/target-fire-2017/1000/ (https://forum.mrmoneymustache.com/throw-down-the-gauntlet/target-fire-2017/1000/)
Title: Re: 2018 FIRE cohort
Post by: CowboyAndIndian on May 16, 2017, 01:23:27 PM
Congratulations WannaGoOutside.


 01/18  FIBy30
 01/18  PrePube
 01/18  Retire-Canada
 01/18  WannaGoOutside OLY, Moved to 2017 cohort
 01/18  Zinethstache
 01/18  MomCPA
 01/18  OzBeach
~02/18  PizzaSteve
~03/18  CherryLane
 03/18  Sofa King
 03/18  sol
 ~03/18  Gimesalot
 03/18  Badblackgirl
~03/18  Caoineag
 03/18  Clean Shaven
 03/18  JLTinVA
 04/18  Calvin
 04/18  DTaggart
 04/18  FernFree
 04/18  Gooki
~04/18  HappyMargo
 04/18  MandyM
~04/18  Mother Fussbudget
 04/18  NinetyFour
 04/18  ZiziPB
 04/18  LateStarter
 05/18  SwordGuy
 05/18  SwordGuy DW
 06/18  Cheddar Stacker
 06/18  Albireo13
 06/18  DavisGang90
~06/18  Pylortes
 06/18  CowboyAndIndian
 06/18  Omalley
 06/18  aperture
 06/18  randomgiraffe
 06/18  dbtx
 07/18  AussieGirl
~07/18  BackAndForth
 07/18  ChasesFish
~07/18  Freshwater
 08/18  SpreadsheetMan DW
 10/18  Happy
 10/18  Irishtache
 10/18  patches
 10/18  Fire1018
 11/18  DeSteeg
 11/18  Kris
 ??/18  brooklynguy
 12/18  yoda34
 12/18  EnjoyIt
 ??/18  Minnesota_mom
 ??/18  Michread
 ??/18  Blindsquirrel
Title: Re: 2018 FIRE cohort
Post by: Cherry Lane on May 19, 2017, 09:57:41 PM
I'm vacationing with five friends and after my nth mojito shared that I won't be working this time next year, etc. Most knew my plans to retire "early", but I'd been careful in the past to be vague about timing, saying "by the time I'm 50".  So they were like "Wait, what? Did you change your plan?" (I'll be 43 this year) but seem supportive and happy for me, if a bit envious. I love these ladies!

These are the first real life people I've told the whole plan to. Others know I'm going back to school but either don't know I'm leaving my job or don't know I'm not planning to get another job after.
Title: Re: 2018 FIRE cohort
Post by: chasesfish on May 20, 2017, 09:42:55 AM
I've found its terrifying to tell people in person.  No idea why, but just terrifying.
Title: Re: 2018 FIRE cohort
Post by: MandyM on May 22, 2017, 06:21:57 AM
I've found its terrifying to tell people in person.  No idea why, but just terrifying.

I struggle with this as well. Sometimes its because I don't want to sound braggy to people that make a lot less than I do. And with my parents, I feel like they worry about my plans so although I've mentioned it to them in the past, I don't talk about it much. I was pleasantly surprised this last weekend though. I switched to part time hours last week (to cut down to 3 days/week) and told my dad and stepmom about it on Saturday. They were nothing but excited for me. I seem to remember that when I mentioned my plans to dad several months ago his response was a bewildered "why??" I guess my explanation (and promise of long weekend visits) was convincing.
Title: Re: 2018 FIRE cohort
Post by: Gimesalot on May 24, 2017, 09:04:35 AM
I've found its terrifying to tell people in person.  No idea why, but just terrifying.

I have told a few people that I am moving out of the country.  Everyone assumes that we will get new jobs and continue working there.  When I explain that we might do that, but probably not, people start thinking that we have a little bit of money saved but that eventually we'll need to work again. 
Title: Re: 2018 FIRE cohort
Post by: aperture on May 25, 2017, 08:17:43 AM
I have not told anyone, though my DW was drinking with some of my co-workers and told them I was not long for my job.  I think the longer I do not tell anyone, the stronger will be the temptation to stay past my FIRE date.  FOUR MORE MONTHS would be a brand new BMW Adventure Bike (not that the DW would ever allow such a thing).  I am still 13 months out from departure, and I like the flexibility of not having told anyone my specific date.  If the stock market goes on sale, I might decide to stay and throw a little gasoline on the FIRE.

Best wishes to all, ap.
Title: Re: 2018 FIRE cohort
Post by: Alim Nassor on May 27, 2017, 01:53:27 AM
May of '18.    Could be earlier, but stock options at work have always been in the equation, so I might as well stick it out.
Title: Re: 2018 FIRE cohort
Post by: itchyfeet on May 27, 2017, 01:59:27 AM
I see you are losing a few to OLY.

 DW and I are currently down for June 2019, but might bring it forward to June 2018. So maybe you'll gain a few from OLY too in these booming times.

Posting to follow for now, and we will decide at the end of this year whether to finish up next year or stock with the original plan.
Title: Re: 2018 FIRE cohort
Post by: GuitarBrian on May 27, 2017, 02:35:30 AM
I am joining the FI/RE 2018. Planned date, Dec. 1st. 2018.
Title: Re: 2018 FIRE cohort
Post by: DTaggart on May 27, 2017, 10:37:53 AM
As I enter my (hopefully) last 12 months of employment, I keep finding myself thinking "this is the last time I'll ever have to do X." Last annual proficiency test? Check! Last time I have to fill out annual regulatory disclosure form? Check! Last very awkward celebration of boss's birthday? Check!

This past week I just finished my second to last required training course, it was torturous. There were moments where I almost got up and walked out. My tolerance for bullshit is evaporating quickly.
Title: Re: 2018 FIRE cohort
Post by: Gimesalot on May 27, 2017, 10:51:53 AM
I keep finding myself thinking "this is the last time I'll ever have to do X."... My tolerance for bullshit is evaporating quickly.

I have been in the same boat for the last 6 months.  On Thursday, I hit our comfortable FIRE number.  I want a little more padding and I need to finance some projects around the house.  So I am going to stick it out for the rest of the year.  It is going to be a loooong 7 months.
Title: Re: 2018 FIRE cohort
Post by: SwordGuy on May 27, 2017, 12:54:27 PM
This summer should be the last time I have to study and take the Security+ exam.   

Thank God, because it's a near total waste of my time and money.
Title: Re: 2018 FIRE cohort
Post by: Alim Nassor on May 27, 2017, 04:05:13 PM
As I enter my (hopefully) last 12 months of employment, I keep finding myself thinking "this is the last time I'll ever have to do X." Last annual proficiency test? Check! Last time I have to fill out annual regulatory disclosure form? Check! Last very awkward celebration of boss's birthday? Check!

This past week I just finished my second to last required training course, it was torturous. There were moments where I almost got up and walked out. My tolerance for bullshit is evaporating quickly.

I spend a lot of time imagining how I'll tell my asshole boss I'm leaving.  I've never burned a bridge before, but I feel like igniting a glorious conflagration during one of our morning meetings.   
Title: Re: 2018 FIRE cohort
Post by: aperture on May 27, 2017, 04:49:28 PM
As I enter my (hopefully) last 12 months of employment, I keep finding myself thinking "this is the last time I'll ever have to do X." Last annual proficiency test? Check! Last time I have to fill out annual regulatory disclosure form? Check! Last very awkward celebration of boss's birthday? Check!

This past week I just finished my second to last required training course, it was torturous. There were moments where I almost got up and walked out. My tolerance for bullshit is evaporating quickly.

This!! I hit my one more year date in 2 weeks (well I take a 3 week vacation in 2 weeks then hit my OMY date). I am hoping to relish with great satisfaction the experience of doing mid-point evaluations for the last time, budget proposals for the last time, work Friday after Thanksgiving because my selfish partner will never work it for the last time... I am a lot cranky at work, and the bullshit has long since lost its luster. Still, it gives perspective to look afresh at the things that fill my days and realize that so much of what goes into a 'career' is really just showing up for someone else's shit show.  -ap
Title: Re: 2018 FIRE cohort
Post by: Caoineag on May 27, 2017, 05:51:36 PM
I think my happiest "this is the last time I have to do this" was my annual review. Our last work date is Mid-April 2018 and I was thrilled that it would be right before they could do another one of these. Never mind I get probably the highest rating out of our staff, I still despise it and they still always write a con on my review that makes me wince and ruminate. Bah. I look forward to going from neurotic overachiever to lazy nomad.
Title: Re: 2018 FIRE cohort
Post by: chasesfish on May 28, 2017, 05:38:17 AM
I think my happiest "this is the last time I have to do this" was my annual review. Our last work date is Mid-April 2018 and I was thrilled that it would be right before they could do another one of these. Never mind I get probably the highest rating out of our staff, I still despise it and they still always write a con on my review that makes me wince and ruminate. Bah. I look forward to going from neurotic overachiever to lazy nomad.

If you think that's rough, imagine my pain of writing nine of them.   The first 5-10 minutes is very productive, then its hours of dealing with a slow system, then peer discussion of performance, management review, raise pool arguments, and delivery.

I'd bail right before review time if it also didn't line up on the same two months as 40% or so of my comp is paid.
Title: Re: 2018 FIRE cohort
Post by: Monkey Uncle on May 28, 2017, 08:46:45 AM
I think my happiest "this is the last time I have to do this" was my annual review. Our last work date is Mid-April 2018 and I was thrilled that it would be right before they could do another one of these. Never mind I get probably the highest rating out of our staff, I still despise it and they still always write a con on my review that makes me wince and ruminate. Bah. I look forward to going from neurotic overachiever to lazy nomad.

If you think that's rough, imagine my pain of writing nine of them.   The first 5-10 minutes is very productive, then its hours of dealing with a slow system, then peer discussion of performance, management review, raise pool arguments, and delivery.

I'd bail right before review time if it also didn't line up on the same two months as 40% or so of my comp is paid.

Yeah, I've got ten of them to do.  Plus review and sign off on six more that my immediate subordinates have to do.  One of the least favorite parts of my job, and my job has a lot of "unfavorite" parts.  I have to go through at least one more cycle of reviews this fall; hopefully that will be the last time.  But we'll see if I actually get to pull the plug at the beginning of 2018 as planned.
Title: Re: 2018 FIRE cohort
Post by: yoda34 on May 28, 2017, 03:44:17 PM
Wanted to share another quick update. House went on the market officially this weekend. Agent seems convinced that it will sell quickly. I'm so frickin excited I can already smell the salt water.

Cheers!
Title: Re: 2018 FIRE cohort
Post by: Financial Ascensionist on May 29, 2017, 09:04:14 AM
Caoineag and chassesfish,
I have set my own date exactly for that: avoiding another round of performance reviews.  I love the coaching part of being a people manager, but the heavy processes was really big drain on me.  I don't mind delivering the message that someone performed poorly, but I just can't deal with reading 50+ reviews in search of something that is not immediately obvious when discussing my findings with my peers for 10+ hours.  I never liked that part of my job.
Title: Re: 2018 FIRE cohort
Post by: chasesfish on May 29, 2017, 01:50:50 PM
Caoineag and chassesfish,
I have set my own date exactly for that: avoiding another round of performance reviews.  I love the coaching part of being a people manager, but the heavy processes was really big drain on me.  I don't mind delivering the message that someone performed poorly, but I just can't deal with reading 50+ reviews in search of something that is not immediately obvious when discussing my findings with my peers for 10+ hours.  I never liked that part of my job.

That's awesome!!   I really can't avoid them at all, 25-35% of my pay hits a month after reviews are due.

You know the only thing worse than writing the performance reviews?  Its when poor to mediocre performing employees want to "discuss their career" with you.   More than half of my employees and indirect reports are in jobs that include sales goals.  WTF is there to discuss with an employee not showing the effort to meet their current goals?  I'm more than happy to spend all the time I have with high performing and/or high potential people, but I won't miss the part of management where I have to hold in the "Do your f@#$ing job first" response.
Title: Re: 2018 FIRE cohort
Post by: Retire-Canada on May 29, 2017, 01:52:29 PM
That's awesome!!   I really can't avoid them at all, 25-35% of my pay hits a month after reviews are due.

I bet you'll feel less unhappy about these final reviews knowing you are about to FIRE. ;)
Title: Re: 2018 FIRE cohort
Post by: Padonak on May 29, 2017, 01:57:29 PM
Caoineag and chassesfish,
I have set my own date exactly for that: avoiding another round of performance reviews.  I love the coaching part of being a people manager, but the heavy processes was really big drain on me.  I don't mind delivering the message that someone performed poorly, but I just can't deal with reading 50+ reviews in search of something that is not immediately obvious when discussing my findings with my peers for 10+ hours.  I never liked that part of my job.

Unless you have to grade them on a curve and give poor reviews to a certain percentage of employees, why not give good/great reviews to everybody? What's the difference, you're retiring soon anyway. It's not like you pay them out of your pocket, either. You'll be happier, and you'll make your reports happier as well.
Title: Re: 2018 FIRE cohort
Post by: chasesfish on May 29, 2017, 02:01:11 PM
I really don't mind 60% of the reviews since I've had a chance to build/pick my team, but some of the others are tough, especially when I have employees that have all the ability in the world but choose not to put the day to day effort to be successful.  One is going to make it, but the other is well-liked by everyone, great to have around, but is going down a path of getting terminated in 6-9 months.

I don't have an option to give everyone a great review when most of the jobs have tangible sales results tied to them.

Either one or two more rounds to go in total
Title: Re: 2018 FIRE cohort
Post by: sol on May 29, 2017, 05:05:44 PM
You know the only thing worse than writing the performance reviews?  Its when poor to mediocre performing employees want to "discuss their career" with you.   

Some of them (us) are mediocre performing employees precisely because nobody has ever taken the time to "discuss their career" with them.  If you're in a dead-end job with no potential for advancement and no recognition for your accomplishments, you typically have little incentive to bust your ass to meet arbitrary production targets.  Except the fear of getting fired, but I think we all know what Peter Gibbons has to say about that:  https://www.youtube.com/watch?v=EoC7e-mqPCc#t=33.5s
Title: Re: 2018 FIRE cohort
Post by: nottoolatetostart on May 30, 2017, 04:19:32 AM
I guess we belong to this cohort. We are really, really trying to hang on with DH's job until late March/April 2018 (I am SAHM already). He has a side gig he is REALLY passionate about that pays a tiny amount so if he does not make it to next spring, well, that is ok too. Close enough....
Title: Re: 2018 FIRE cohort
Post by: chasesfish on May 30, 2017, 05:25:48 AM
You know the only thing worse than writing the performance reviews?  Its when poor to mediocre performing employees want to "discuss their career" with you.   

Some of them (us) are mediocre performing employees precisely because nobody has ever taken the time to "discuss their career" with them.  If you're in a dead-end job with no potential for advancement and no recognition for your accomplishments, you typically have little incentive to bust your ass to meet arbitrary production targets.  Except the fear of getting fired, but I think we all know what Peter Gibbons has to say about that:  https://www.youtube.com/watch?v=EoC7e-mqPCc#t=33.5s

One of my favorite movies of all time!

I hear what you're saying, but I have to share perspective.  I run what I'll call a "second level" department inside a sales organization.  Most of my employees have worked another job in the organization before they can make it to my team.  There are many motivated and smart internal candidates that would love to work on my team for the opportunities it provides.   I don't have a lot of tolerance for people who have ability, but won't put in the effort required to meet their goals.  Its as simple as "your comp is X, you need to bring in your comp x 2 to cover your costs plus overhead (and maintain employment, call it the Peter Gibbons line), and you really need to bring in your comp x 3 consistently to provide a return to the shareholders". 

I'm very tolerate of lack of results if the right effort is there and they're taking my advice.  I'm not tolerate of an employee who tells me "yeah, yeah, I need to do that" to my face, with no intention of ever doing anything.  Go work somewhere else, 10 people are lined up for your position and we live in the best job market in the country.   
Title: Re: 2018 FIRE cohort
Post by: Financial Ascensionist on May 31, 2017, 11:29:36 AM
Unless you have to grade them on a curve and give poor reviews to a certain percentage of employees, why not give good/great reviews to everybody? What's the difference, you're retiring soon anyway. It's not like you pay them out of your pocket, either. You'll be happier, and you'll make your reports happier as well.

I actually believe that it would do one a big disservice and introduce a lot of confusion in their mind if he or she were to receive a good review when they delivered a bad performance.  Sure, the financial reward would be sweet, but on the long run everyone has the potential to grow and in the corporate world, reviews are one of the highest leverage growth driver.   For me, continuing to do my job well until the end is a pretty big element of leaving with peace of mind. 
Title: Re: 2018 FIRE cohort
Post by: Retire-Canada on May 31, 2017, 11:34:14 AM
Unless you have to grade them on a curve and give poor reviews to a certain percentage of employees, why not give good/great reviews to everybody? What's the difference, you're retiring soon anyway. It's not like you pay them out of your pocket, either. You'll be happier, and you'll make your reports happier as well.

One that would lack integrity - both simply to yourself and to the company who is paying you to act in good faith. Two you aren't helping people by giving them a false sense of security around their job performance. Three the next manager to review them will hammer them and they could end up worse off because of the change in reported performance year to year.
Title: Re: 2018 FIRE cohort
Post by: SwordGuy on June 07, 2017, 07:31:02 PM
Eleven months to go!   Woot!
Title: Re: 2018 FIRE cohort
Post by: sol on June 07, 2017, 08:10:27 PM
Story time:

So I have this buddy at work named John, who works in another department so we don't see each other very often.  We shared a car ride to a meeting last year, and got to talking about retirement and how careful financial planning and controlling your expenses can potentially put you in a position to retire early, or take another job for reasons other than money.  And he seemed to really get it, the whole idea of how overspending commits you to unnecessary years at a desk when you'd rather be doing something else more important.  Like so many federal employees John has a military pension in the bag and a side gig with the reserves, so he's financially well situated to make the early retirement leap. 

Every month or so when we cross paths in the break room or something, he asks me about it and tells me he's getting really close.  He's clearly excited, and I'm excited for him.  I'm spreading the gospel, so to speak.

So today I walk into the break room and there's John casually talking to one of our senior management types about this topic, and right as I appear he says "and it's all thanks to talking to this guy..." and starts grilling me about my retirement plan progress.  This makes me very uncomfortable, since I've kept my RE plans under wraps at work, for professional reasons.

And then,

RIGHT as the big-boss-lady walks into the room

he says to me,

"So when are you finally quitting?"


Shit.  Trying to suppress the deer-in-the-headlights look on my face, I laugh and turn to the boss and tell her we're talking about what we're all going to do when we finally leave federal service, and she launches into this big speech about pottery and cooking classes and joining a choir and all of the wonderful things she wants to do.  At this point, I'm thinking maybe I've saved it?  Maybe I didn't just get outed?

The other manager is smirking quietly to herself through all of this, very deliberately keeping her mouth shut and watching me squirm.  She finishes her salad and sneaks out.  John excuses himself.  Now it's just me and the big boss, and she's still talking about retirement plans and how much happier her husband is now that he's retired and volunteering and running a side business coaching kids.  She finally starts to slow down, and as she's walking out, she pauses for a moment and turns and says to me "If you're brave enough, you can do it.  Other people have left jobs like ours to go pursue something else they love more..."

and then she disappears with her bowl of soup or whatever and leaves me standing there.  Alone.  Unsure of exactly what has just transpired.


Soooooo, I think I just inadvertently announced to my boss my plans to retire early? 


Hi John!
Title: Re: 2018 FIRE cohort
Post by: Cherry Lane on June 07, 2017, 08:35:41 PM
Soooooo, I think I just inadvertently announced to my boss my plans to retire early? 

Oops...

But, no.  If things transpired as you related them, I don't think you were completely outed.  It does sound like big boss will be receptive to hearing your announcement when it comes, though, so you've go that.  Maybe it was even a challenge?
Title: Re: 2018 FIRE cohort
Post by: Alim Nassor on June 07, 2017, 09:50:49 PM
My plan is May of 2018.   So far I'm slightly ahead of schedule.  Our FI number is pretty low, but so are my opportunities to reach it.   We put a contract on our 10th rental last week, which was our goal.  I'm diligently stashing every nickel I can.  My wife in onboard with RE and FI in general, but convincing her that sacrifices today are necessary for FI tomorrow has not always been an easy sell.
Title: Re: 2018 FIRE cohort
Post by: CowboyAndIndian on June 08, 2017, 06:56:25 AM
Added Alim Nassor

It is exciting for me, my one year countdown starts!


 01/18  FIBy30
 01/18  PrePube
 01/18  Retire-Canada
 01/18  WannaGoOutside OLY, Moved to 2017 cohort
 01/18  Zinethstache
 01/18  MomCPA
 01/18  OzBeach
~02/18  PizzaSteve
~03/18  CherryLane
 03/18  Sofa King
 03/18  sol
~03/18  Gimesalot
 03/18  Badblackgirl
~03/18  Caoineag
 03/18  Clean Shaven
 03/18  JLTinVA
 04/18  Calvin
 04/18  DTaggart
 04/18  FernFree
 04/18  Gooki
~04/18  HappyMargo
 04/18  MandyM
~04/18  Mother Fussbudget
 04/18  NinetyFour
 04/18  ZiziPB
 04/18  LateStarter
 05/18  SwordGuy
 05/18  SwordGuy DW
 05/18  Alim Nassor
 06/18  Cheddar Stacker
 06/18  Albireo13
 06/18  DavisGang90
~06/18  Pylortes
 06/18  CowboyAndIndian
 06/18  Omalley
 06/18  aperture
 06/18  randomgiraffe
 06/18  dbtx
 07/18  AussieGirl
~07/18  BackAndForth
 07/18  ChasesFish
~07/18  Freshwater
 08/18  SpreadsheetMan DW
 10/18  Happy
 10/18  Irishtache
 10/18  patches
 10/18  Fire1018
 11/18  DeSteeg
 11/18  Kris
 ??/18  brooklynguy
 12/18  yoda34
 12/18  EnjoyIt
 ??/18  Minnesota_mom
 ??/18  Michread
 ??/18  Blindsquirrel

Title: Re: 2018 FIRE cohort
Post by: MandyM on June 08, 2017, 07:32:23 AM
Soooooo, I think I just inadvertently announced to my boss my plans to retire early? 

Oops...

But, no.  If things transpired as you related them, I don't think you were completely outed.  It does sound like big boss will be receptive to hearing your announcement when it comes, though, so you've go that.  Maybe it was even a challenge?

I agree, I don't think you were completely outed, but it probably won't be a huge surprise now either. That is a pretty great comment from the boss, I would love to hear that from mine.

I had something similar happen to me several years ago. I had shared my plan with one coworker that I would socialize with outside of work. One day he had a long car ride with the boss and I found out that he blabbed the whole thing to him. I was still 5+ years away, but my boss at the time was a nervous nelly. I had to smooth it over with some vague statements of "someday" and "by the time I'm 50."
Title: Re: 2018 FIRE cohort
Post by: Retire-Canada on June 08, 2017, 08:52:55 AM
Lots of people talk about retirement, but few pull the plug early. So simply saying I'd like to retire early doesn't out you. Just about everyone would agree to retire early if it's a casual lunchroom discussion. That doesn't mean anything. If you were talking about a specific date and had your co-workers all gathered around your investment/FIRE spreadsheet when the boss walk in that might be a different story.

Even on this forum of FIRE enthusiasts OMYing [incl low WRing] is pretty rampant and [in theory] we should be the most inclined group to pull the plug early.
Title: Re: 2018 FIRE cohort
Post by: brooklynguy on June 08, 2017, 08:54:59 AM
Unsure of exactly what has just transpired.

So what's your verdict?  Was this an innocent case of mere obliviousness to vocational etiquette?  A deliberate act of attempted career sabotage?  A conspiracy among all involved parties to let you know the cat is out of the bag?  Or maybe that each of them is actually one of us?  I'm very confused.
Title: Re: 2018 FIRE cohort
Post by: brooklynguy on June 09, 2017, 12:16:51 PM
On the countdown list, I'd like to officially trade in my question marks for the month of February.  Our nation's healthcare situation still hangs in the balance, but I'm tired of waiting and ready to throw caution to the wind.


 01/18  FIBy30
 01/18  PrePube
 01/18  Retire-Canada
 01/18  WannaGoOutside OLY, Moved to 2017 cohort
 01/18  Zinethstache
 01/18  MomCPA
 01/18  OzBeach
 02/18  brooklynguy
~02/18  PizzaSteve
~03/18  CherryLane
 03/18  Sofa King
 03/18  sol
~03/18  Gimesalot
 03/18  Badblackgirl
~03/18  Caoineag
 03/18  Clean Shaven
 03/18  JLTinVA
 04/18  Calvin
 04/18  DTaggart
 04/18  FernFree
 04/18  Gooki
~04/18  HappyMargo
 04/18  MandyM
~04/18  Mother Fussbudget
 04/18  NinetyFour
 04/18  ZiziPB
 04/18  LateStarter
 05/18  SwordGuy
 05/18  SwordGuy DW
 05/18  Alim Nassor
 06/18  Cheddar Stacker
 06/18  Albireo13
 06/18  DavisGang90
~06/18  Pylortes
 06/18  CowboyAndIndian
 06/18  Omalley
 06/18  aperture
 06/18  randomgiraffe
 06/18  dbtx
 07/18  AussieGirl
~07/18  BackAndForth
 07/18  ChasesFish
~07/18  Freshwater
 08/18  SpreadsheetMan DW
 10/18  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
Title: Re: 2018 FIRE cohort
Post by: Cherry Lane on June 09, 2017, 01:13:52 PM
On the countdown list, I'd like to officially trade in my question marks for the month of February.  Our nation's healthcare situation still hangs in the balance, but I'm tired of waiting and ready to throw caution to the wind.
Hooray!

I'm also returning my tilde.  March for sure (the 16th to be more precise).


 01/18  FIBy30
 01/18  PrePube
 01/18  Retire-Canada
 01/18  WannaGoOutside OLY, Moved to 2017 cohort
 01/18  Zinethstache
 01/18  MomCPA
 01/18  OzBeach
 02/18  brooklynguy
~02/18  PizzaSteve
 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
 04/18  Calvin
 04/18  DTaggart
 04/18  FernFree
 04/18  Gooki
~04/18  HappyMargo
 04/18  MandyM
~04/18  Mother Fussbudget
 04/18  NinetyFour
 04/18  ZiziPB
 04/18  LateStarter
 05/18  SwordGuy
 05/18  SwordGuy DW
 05/18  Alim Nassor
 06/18  Cheddar Stacker
 06/18  Albireo13
 06/18  DavisGang90
~06/18  Pylortes
 06/18  CowboyAndIndian
 06/18  Omalley
 06/18  aperture
 06/18  randomgiraffe
 06/18  dbtx
 07/18  AussieGirl
~07/18  BackAndForth
 07/18  ChasesFish
~07/18  Freshwater
 08/18  SpreadsheetMan DW
 10/18  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

Title: Re: 2018 FIRE cohort
Post by: SachaFiscal on June 09, 2017, 02:51:34 PM
Story time:

So I have this buddy at work named John, who works in another department so we don't see each other very often.  We shared a car ride to a meeting last year, and got to talking about retirement and how careful financial planning and controlling your expenses can potentially put you in a position to retire early, or take another job for reasons other than money.  And he seemed to really get it, the whole idea of how overspending commits you to unnecessary years at a desk when you'd rather be doing something else more important.  Like so many federal employees John has a military pension in the bag and a side gig with the reserves, so he's financially well situated to make the early retirement leap. 

Every month or so when we cross paths in the break room or something, he asks me about it and tells me he's getting really close.  He's clearly excited, and I'm excited for him.  I'm spreading the gospel, so to speak.

So today I walk into the break room and there's John casually talking to one of our senior management types about this topic, and right as I appear he says "and it's all thanks to talking to this guy..." and starts grilling me about my retirement plan progress.  This makes me very uncomfortable, since I've kept my RE plans under wraps at work, for professional reasons.

And then,

RIGHT as the big-boss-lady walks into the room

he says to me,

"So when are you finally quitting?"


Shit.  Trying to suppress the deer-in-the-headlights look on my face, I laugh and turn to the boss and tell her we're talking about what we're all going to do when we finally leave federal service, and she launches into this big speech about pottery and cooking classes and joining a choir and all of the wonderful things she wants to do.  At this point, I'm thinking maybe I've saved it?  Maybe I didn't just get outed?

The other manager is smirking quietly to herself through all of this, very deliberately keeping her mouth shut and watching me squirm.  She finishes her salad and sneaks out.  John excuses himself.  Now it's just me and the big boss, and she's still talking about retirement plans and how much happier her husband is now that he's retired and volunteering and running a side business coaching kids.  She finally starts to slow down, and as she's walking out, she pauses for a moment and turns and says to me "If you're brave enough, you can do it.  Other people have left jobs like ours to go pursue something else they love more..."

and then she disappears with her bowl of soup or whatever and leaves me standing there.  Alone.  Unsure of exactly what has just transpired.


Soooooo, I think I just inadvertently announced to my boss my plans to retire early? 


Hi John!

Great story! It just got real!  It's cool how supportive she was about early retirement.  Sounds like your co-workers will be very happy for you when you retire.

I just mentioned to one of my co-workers about early retirement.  He was a bit surprised and then said he wished he could retire early.  I didn't go into too much detail of how to do it but if he asks about it I'll point him to MMM.

I used to say I was retiring by 50, now I'm telling friends and family it will be 45 but really I think its going to be later this year (at 41) or early next year (at 42).  I'm currently in the 2017 cohort in early December after my stock vests but I may OMY to this cohort.  I'm not yet ready to give up on 2017 though...
Title: Re: 2018 FIRE cohort
Post by: thriftycanuck on June 13, 2017, 04:12:23 PM
Shooting for 2018 - if I can last that long in my current job.   Depends on the markets as well.  Goal is paid off home plus 1Million CDN.

Might retire, might do a career change, might start a fun business, might do a fun part time job - not sure!
Title: Re: 2018 FIRE cohort
Post by: SnidelyWhiplashStache on June 14, 2017, 07:09:30 AM
We are planning on sometime between March 2018 and July 2018.  A few things we need to factor in which will determine our actual date.  My youngest will be finishing up school June 2018 and we then plan to move to a LCOL, downsize and buy a house with the equity from our current abode.  I will be fully FIRE'd by then but DW plans to continue working.
Title: Re: 2018 FIRE cohort
Post by: CowboyAndIndian on June 14, 2017, 08:45:20 AM
Added thriftycanadian and SnidelyWhiplashStache


 01/18  FIBy30
 01/18  PrePube
 01/18  Retire-Canada
 01/18  WannaGoOutside OLY, Moved to 2017 cohort
 01/18  Zinethstache
 01/18  MomCPA
 01/18  OzBeach
 02/18  brooklynguy
~02/18  PizzaSteve
 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
 04/18  Calvin
 04/18  DTaggart
 04/18  FernFree
 04/18  Gooki
~04/18  HappyMargo
 04/18  MandyM
~04/18  Mother Fussbudget
 04/18  NinetyFour
 04/18  ZiziPB
 04/18  LateStarter
 05/18  SwordGuy
 05/18  SwordGuy DW
 05/18  Alim Nassor
 06/18  Cheddar Stacker
 06/18  Albireo13
 06/18  DavisGang90
~06/18  Pylortes
 06/18  CowboyAndIndian
 06/18  Omalley
 06/18  aperture
 06/18  randomgiraffe
 06/18  dbtx
 07/18  AussieGirl
~07/18  BackAndForth
 07/18  ChasesFish
~07/18  Freshwater
~07/18  SnidelyWhiplashStache
 08/18  SpreadsheetMan DW
 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

Title: Re: 2018 FIRE cohort
Post by: sol on June 14, 2017, 11:42:19 PM
Our stock market rally has done so well that my magic spreadsheet thinks I should retire on July 4th, in approximately two weeks, instead of next March as originally planned. 

I'm going to stick it out, though.
Title: Re: 2018 FIRE cohort
Post by: davisgang90 on June 15, 2017, 03:08:31 AM
My retirement date is exactly 1 year out, next June 15th.  Full disclosure, this will be my last day of work and the day of my ceremony, I'll get paid for an additional 2 months burning leave and taking the retirement house/job hunting the Navy provides.

It's getting real!
Title: Re: 2018 FIRE cohort
Post by: Lucky Girl on June 15, 2017, 08:01:46 AM
I've bounced my RE date around quite a bit, and was looking at 8/17.  Now I'm going to go part-time in September of this year, and home to fully pull the plug in April of 2018.  D*mn, it is hard to finally cut the cord! 

Added thriftycanadian and SnidelyWhiplashStache


 01/18  FIBy30
 01/18  PrePube
 01/18  Retire-Canada
 01/18  WannaGoOutside OLY, Moved to 2017 cohort
 01/18  Zinethstache
 01/18  MomCPA
 01/18  OzBeach
 02/18  brooklynguy
~02/18  PizzaSteve
 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
 04/18  Calvin
 04/18  DTaggart
 04/18  FernFree
 04/18  Gooki
~04/18  HappyMargo
 04/18  MandyM
~04/18  Mother Fussbudget
 04/18  NinetyFour
 04/18  ZiziPB
 04/18  LateStarter
~04/18 Lucky Girl
 05/18  SwordGuy
 05/18  SwordGuy DW
 05/18  Alim Nassor
 06/18  Cheddar Stacker
 06/18  Albireo13
 06/18  DavisGang90
~06/18  Pylortes
 06/18  CowboyAndIndian
 06/18  Omalley
 06/18  aperture
 06/18  randomgiraffe
 06/18  dbtx
 07/18  AussieGirl
~07/18  BackAndForth
 07/18  ChasesFish
~07/18  Freshwater
~07/18  SnidelyWhiplashStache
 08/18  SpreadsheetMan DW
 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


Title: Re: 2018 FIRE cohort
Post by: dividendman on June 15, 2017, 08:12:45 AM
Our stock market rally has done so well that my magic spreadsheet thinks I should retire on July 4th, in approximately two weeks, instead of next March as originally planned. 

I'm going to stick it out, though.

Yeah, I was there in March 2018 with you but I just find it intolerable to keep the slog up when I hate it so much and am well over the 4% rule for my pretty lavish spending so I moved to August 2017.

I'm really at the point that if the market took a 30% dump today I'd still pull the plug, take some time off (i.e. years, not months), and then work again if really required.
Title: Re: 2018 FIRE cohort
Post by: Bateaux on June 15, 2017, 08:37:00 AM
If I  had a clue what to do about health care I'd join the class of 2018.  In fact my countdown timer at work is set for March 1, 2018.  Did that in 2014 when in a position I hated.  Better department now so I've pushed OMY to June 2019.  Still ahead of my original goal of 2020 before ever hearing of MMM. 
Title: Re: 2018 FIRE cohort
Post by: sol on June 20, 2017, 10:56:17 AM
Our stock market rally has done so well that my magic spreadsheet thinks I should retire on July 4th, in approximately two weeks, instead of next March as originally planned. 

I'm going to stick it out, though.

Today, mint notified me that my retirement date has arrived.  It thinks I should retire today, based on savings targets I set for myself at the outset of my career.

But I did not have three children back then, so tomorrow I'll be back in my cubicle again slaving away.  Le sigh.
Title: Re: 2018 FIRE cohort
Post by: rpr on June 21, 2017, 06:37:43 PM
Our stock market rally has done so well that my magic spreadsheet thinks I should retire on July 4th, in approximately two weeks, instead of next March as originally planned. 

I'm going to stick it out, though.

Today, mint notified me that my retirement date has arrived.  It thinks I should retire today, based on savings targets I set for myself at the outset of my career.

But I did not have three children back then, so tomorrow I'll be back in my cubicle again slaving away.  Le sigh.

sol -- congratulations. I too keep looking at my Mint goal that is setup. It still says it is at least 5-6 years away. The bright side is that the mint goal does not take SS into account. Thus that timeline may be more conservative than needed.

One of my (older) colleagues was let go today. This person is SS eligible but is someone who would like to continue working forever. Not sure of his financial status. He was expecting that he would be working at least OMY but did not expect that day would be today. 

There are no guarantees provided in employment unless you are tenured.
Title: Re: 2018 FIRE cohort
Post by: Retire-Canada on June 22, 2017, 08:10:20 AM


 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  OzBeach
 02/18  brooklynguy
~02/18  PizzaSteve
 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
 04/18  Calvin
 04/18  DTaggart
 04/18  FernFree
 04/18  Gooki
~04/18  HappyMargo
 04/18  MandyM
~04/18  Mother Fussbudget
 04/18  NinetyFour
 04/18  ZiziPB
 04/18  LateStarter
 05/18  SwordGuy
 05/18  SwordGuy DW
 05/18  Alim Nassor
 06/18  Cheddar Stacker
 06/18  Albireo13
 06/18  DavisGang90
~06/18  Pylortes
 06/18  CowboyAndIndian
 06/18  Omalley
 06/18  aperture
 06/18  randomgiraffe
 06/18  dbtx
 07/18  AussieGirl
~07/18  BackAndForth
 07/18  ChasesFish
~07/18  Freshwater
~07/18  SnidelyWhiplashStache
 08/18  SpreadsheetMan DW
 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


My goal for 2018 was to downshift. At the end of 2016 I was working 2 full-time contracts in order to max my savings and try and accelerate my way to FIRE since I started this mission later in life. I'm 48 this year and life is too short to keep working full-time so downshifting for a few years with zero or minimal addition savings, but tons of extra free time is the right move for me.

I'm now working just one FT contract and will be moving to either 24hrs/wk or 30hrs/wk - 3 x 8/10hrs days in July. I'm still negotiating with my client which PT hour target we are shooting for.

My personal FIRE definitions for doing some work are:
- working = 75%+ FT
- downshift = 25%+ - 75% FT
- FIRE = 25% or less FT

The range 24hrs-30hrs a week falls into my downshift category. With unpaid vacations and statutory holidays my %'s will be well below 75% FT, but no where near 25% FT.

Although it's not FIRE my free time per year is pretty awesome. Just counting full days to myself:

- My downshift = ~220 days off a year
- Standard M-F worker with [4 weeks holiday] = ~129 days off a year

So that's like an extra 3 months off a year.

To those FIREing in 2018 I salute you and thanks for letting me hang out in this cohort. Hearing your stories and impending FIRE plans definitely helped motivate me to realize my plan.
Title: Re: 2018 FIRE cohort
Post by: Cherry Lane on June 27, 2017, 08:40:09 PM
I spend three days per week in the office (work at home the other days) and have a countdown going at my desk of remaining office days (I've taken out holidays and already-planned vacation).  As of this week, I'm down to double-digits!
Title: Re: 2018 FIRE cohort
Post by: Northern gal on June 28, 2017, 01:59:28 AM
I have zero motivation at my current gig and slogging it to work every day is killing my soul.

I hear you on this one!!

Thirded :) and aiming for Pareto retirement in January 2018 (would need to move for FI, but keen to start some entrepreneuring)
Title: Re: 2018 FIRE cohort
Post by: CowboyAndIndian on June 28, 2017, 05:44:33 AM
Added NorGirl


 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  OzBeach
 01/18  NorGirl
 02/18  brooklynguy
~02/18  PizzaSteve
 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
 04/18  Calvin
 04/18  DTaggart
 04/18  FernFree
 04/18  Gooki
~04/18  HappyMargo
 04/18  MandyM
~04/18  Mother Fussbudget
 04/18  NinetyFour
 04/18  ZiziPB
 04/18  LateStarter
 05/18  SwordGuy
 05/18  SwordGuy DW
 05/18  Alim Nassor
 06/18  Cheddar Stacker
 06/18  Albireo13
 06/18  DavisGang90
~06/18  Pylortes
 06/18  CowboyAndIndian
 06/18  Omalley
 06/18  aperture
 06/18  randomgiraffe
 06/18  dbtx
 07/18  AussieGirl
~07/18  BackAndForth
 07/18  ChasesFish
~07/18  Freshwater
~07/18  SnidelyWhiplashStache
 08/18  SpreadsheetMan DW
 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

Title: Re: 2018 FIRE cohort
Post by: CowboyAndIndian on June 30, 2017, 07:26:42 AM

OMY for SpreadsheetMan :-(


 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  OzBeach
 01/18  NorGirl
 02/18  brooklynguy
~02/18  PizzaSteve
 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
 04/18  Calvin
 04/18  DTaggart
 04/18  FernFree
 04/18  Gooki
~04/18  HappyMargo
 04/18  MandyM
~04/18  Mother Fussbudget
 04/18  NinetyFour
 04/18  ZiziPB
 04/18  LateStarter
 05/18  SwordGuy
 05/18  SwordGuy DW
 05/18  Alim Nassor
 06/18  Cheddar Stacker
 06/18  Albireo13
 06/18  DavisGang90
~06/18  Pylortes
 06/18  CowboyAndIndian
 06/18  Omalley
 06/18  aperture
 06/18  randomgiraffe
 06/18  dbtx
 07/18  AussieGirl
~07/18  BackAndForth
 07/18  ChasesFish
~07/18  Freshwater
~07/18  SnidelyWhiplashStache
 08/18  SpreadsheetMan DW - OMY, moved to 2019 cohort.
 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

Title: Re: 2018 FIRE cohort
Post by: chasesfish on June 30, 2017, 07:45:55 AM
I'm not ready to join Spreadsheet Man yet, but I may need to do OMY based on ridiculously high medical expenses, the need to keep corporate insurance, and potentially taking a demotion/pay cut....We will see.
Title: Re: 2018 FIRE cohort
Post by: Aegishjalmur on June 30, 2017, 02:10:49 PM

 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  OzBeach
 01/18  NorGirl
 02/18  brooklynguy
~02/18  PizzaSteve
 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
 04/18  Calvin
 04/18  DTaggart
 04/18  FernFree
 04/18  Gooki
~04/18  HappyMargo
 04/18  MandyM
~04/18  Mother Fussbudget
 04/18  NinetyFour
 04/18  ZiziPB
 04/18  LateStarter
04/18 Aegishjalmur
 05/18  SwordGuy
 05/18  SwordGuy DW
 05/18  Alim Nassor
 06/18  Cheddar Stacker
 06/18  Albireo13
 06/18  DavisGang90
~06/18  Pylortes
 06/18  CowboyAndIndian
 06/18  Omalley
 06/18  aperture
 06/18  randomgiraffe
 06/18  dbtx
 07/18  AussieGirl
~07/18  BackAndForth
 07/18  ChasesFish
~07/18  Freshwater
~07/18  SnidelyWhiplashStache
 08/18  SpreadsheetMan DW - OMY, moved to 2019 cohort.
 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


I will be pulling the plug in April. DW will be going in March. I get an 401 K matching end of March and 1st part of April they (usually)give an annual company stock incentive. This can be up to 4% of annual salary, but I have never seen it exceed 2%, but hey, last little bit of free money before calling it quits. I added a countdown on my calendar, T-Minus 100 falls on the last weekend in December, so when I come back to work in 2018 I get to look forward to being under 100 days.
Title: Re: 2018 FIRE cohort
Post by: NorCalistache on July 13, 2017, 01:48:00 PM
Hello 'stachers, NorCalistache here. I'm new to the forum.

I have an August 2018 FIRE date. In my case the "E" part of FIRE must be judged, er, generously, as I will be a few months shy of age 58 when I cash in my chips. It will be after 29 years as a university professor. Fortunately, I and Mrs. NorCalistache have a shared appreciation for simple living.

Lots of my colleagues are astonished that I am retiring, though for me it is a transition from professor and consultant to just part-time consultant, working on projects that interest me. Mrs. NorCalistache may continue some work, or not, its up to her. We can do fine either way.
Title: Re: 2018 FIRE cohort
Post by: Retire-Canada on July 13, 2017, 01:52:33 PM
Hello 'stachers, NorCalistache here. I'm new to the forum.

I have an August 2018 FIRE date. In my case the "E" part of FIRE must be judged, er, generously, as I will be a few months shy of age 58 when I cash in my chips.

RE can be REtired. Congrats! :)
Title: Re: 2018 FIRE cohort
Post by: CowboyAndIndian on July 13, 2017, 03:32:44 PM
Added NorCalistache


 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  OzBeach
 01/18  NorGirl
 02/18  brooklynguy
~02/18  PizzaSteve
 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
 04/18  Calvin
 04/18  DTaggart
 04/18  FernFree
 04/18  Gooki
~04/18  HappyMargo
 04/18  MandyM
~04/18  Mother Fussbudget
 04/18  NinetyFour
 04/18  ZiziPB
 04/18  LateStarter
 04/18  Aegishjalmur
 05/18  SwordGuy
 05/18  SwordGuy DW
 05/18  Alim Nassor
 06/18  Cheddar Stacker
 06/18  Albireo13
 06/18  DavisGang90
~06/18  Pylortes
 06/18  CowboyAndIndian
 06/18  Omalley
 06/18  aperture
 06/18  randomgiraffe
 06/18  dbtx
 07/18  AussieGirl
~07/18  BackAndForth
 07/18  ChasesFish
~07/18  Freshwater
~07/18  SnidelyWhiplashStache
 08/18  SpreadsheetMan DW - OMY, moved to 2019 cohort.
 08/18  NorCalistache
 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

Title: Re: 2018 FIRE cohort
Post by: CowboyAndIndian on July 14, 2017, 04:00:14 AM

 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  OzBeach
 01/18  NorGirl
 01/18  PizzaSteve Left the forum.
 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
 04/18  Calvin
 04/18  DTaggart
 04/18  FernFree
 04/18  Gooki
~04/18  HappyMargo
 04/18  MandyM
~04/18  Mother Fussbudget
 04/18  NinetyFour
 04/18  ZiziPB
 04/18  LateStarter
 04/18  Aegishjalmur
 05/18  SwordGuy
 05/18  SwordGuy DW
 05/18  Alim Nassor
 06/18  Cheddar Stacker
 06/18  Albireo13
 06/18  DavisGang90
~06/18  Pylortes
 06/18  CowboyAndIndian
 06/18  Omalley
 06/18  aperture
 06/18  randomgiraffe
 06/18  dbtx
 07/18  AussieGirl
~07/18  BackAndForth
 07/18  ChasesFish
~07/18  Freshwater
~07/18  SnidelyWhiplashStache
 08/18  SpreadsheetMan DW - OMY, moved to 2019 cohort.
 08/18  NorCalistache
 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
Title: Re: 2018 FIRE cohort
Post by: MandyM on July 17, 2017, 07:19:45 AM
I hit a wall with my motivation at work and ended up turning in my resignation much earlier than I originally planned. Oh darn :) So I am officially out of the Class of 2018, my last day will be somewhere around 7/25. Good luck everyone!!


 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  OzBeach
 01/18  NorGirl
 01/18  PizzaSteve Left the forum.
 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
 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
 05/18  SwordGuy
 05/18  SwordGuy DW
 05/18  Alim Nassor
 06/18  Cheddar Stacker
 06/18  Albireo13
 06/18  DavisGang90
~06/18  Pylortes
 06/18  CowboyAndIndian
 06/18  Omalley
 06/18  aperture
 06/18  randomgiraffe
 06/18  dbtx
 07/18  AussieGirl
~07/18  BackAndForth
 07/18  ChasesFish
~07/18  Freshwater
~07/18  SnidelyWhiplashStache
 08/18  SpreadsheetMan DW - OMY, moved to 2019 cohort.
 08/18  NorCalistache
 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
Title: Re: 2018 FIRE cohort
Post by: CowboyAndIndian on July 17, 2017, 07:55:37 AM
I hit a wall with my motivation at work and ended up turning in my resignation much earlier than I originally planned. Oh darn :) So I am officially out of the Class of 2018, my last day will be somewhere around 7/25. Good luck everyone!!
..

Congratulations MandyM. Best of luck in your FIRE.
Title: Re: 2018 FIRE cohort
Post by: Retire-Canada on July 17, 2017, 08:03:23 AM
I hit a wall with my motivation at work and ended up turning in my resignation much earlier than I originally planned. Oh darn :) So I am officially out of the Class of 2018, my last day will be somewhere around 7/25. Good luck everyone!!

Congrats! Enjoy! :)
Title: Re: 2018 FIRE cohort
Post by: Aegishjalmur on July 17, 2017, 08:35:51 AM

Quote from: MandyM on Today at 07:19:45 AM

"I hit a wall with my motivation at work and ended up turning in my resignation much earlier than I originally planned. Oh darn :) So I am officially out of the Class of 2018, my last day will be somewhere around 7/25. Good luck everyone!!"

Congrats! I am trying to keep my motivation up and not do this. It doesn't help that we are doing our 'OMY'. This year is padding the acct to ensure even if the house sells for way less than anticipated, we're still good.

Title: Re: 2018 FIRE cohort
Post by: davisgang90 on July 17, 2017, 09:02:07 AM
Signed my retirement letter to the Navy today, so it's getting real!  Last day of work is June 15th.
Title: Re: 2018 FIRE cohort
Post by: sol on July 17, 2017, 10:47:43 AM
Suddenly, this thread sucks a whole lot more.
Title: Re: 2018 FIRE cohort
Post by: Gimesalot on July 17, 2017, 11:13:29 AM

I hit a wall with my motivation at work and ended up turning in my resignation much earlier than I originally planned. Oh darn :) So I am officially out of the Class of 2018, my last day will be somewhere around 7/25. Good luck everyone!!

Congratulations MandyM!

On a side note, I had a really terrible phone call with my boss before my vacation last week, so my hubs and I decided that it was time to pull the trigger.  I tried to call it quits today and my boss refused to accept my resignation!  I am going to try to negotiate part-time, since I don't want to burn any bridges.
Title: Re: 2018 FIRE cohort
Post by: Retire-Canada on July 17, 2017, 11:32:13 AM
I tried to call it quits today and my boss refused to accept my resignation! 

I'm pretty sure your boss doesn't actually have that option. ;)
Title: Re: 2018 FIRE cohort
Post by: Gimesalot on July 17, 2017, 11:43:27 AM
I tried to call it quits today and my boss refused to accept my resignation! 

I'm pretty sure your boss doesn't actually have that option. ;)

This is true but I am trying to stay on good terms since I might need to use this job as a reference.  My new plan is to talk to my boss at the client site and arrange a part-time schedule with them.  Use that as leverage to get my boss to allow me to work part-time.  If that doesn't go over, then the bridge will be burned!
Title: Re: 2018 FIRE cohort
Post by: dividendman on July 17, 2017, 12:14:58 PM
I tried to call it quits today and my boss refused to accept my resignation! 

I'm pretty sure your boss doesn't actually have that option. ;)

This is true but I am trying to stay on good terms since I might need to use this job as a reference.  My new plan is to talk to my boss at the client site and arrange a part-time schedule with them.  Use that as leverage to get my boss to allow me to work part-time.  If that doesn't go over, then the bridge will be burned!

If my boss "refused" a two week notice. He'd quickly have a however-long-it-takes-me-to-walk-out-of-the-office notice period.
Title: Re: 2018 FIRE cohort
Post by: 2lazy2retire on July 17, 2017, 01:29:34 PM
Caoineag and chassesfish,
I have set my own date exactly for that: avoiding another round of performance reviews.  I love the coaching part of being a people manager, but the heavy processes was really big drain on me.  I don't mind delivering the message that someone performed poorly, but I just can't deal with reading 50+ reviews in search of something that is not immediately obvious when discussing my findings with my peers for 10+ hours.  I never liked that part of my job.

That's awesome!!   I really can't avoid them at all, 25-35% of my pay hits a month after reviews are due.

You know the only thing worse than writing the performance reviews?  Its when poor to mediocre performing employees want to "discuss their career" with you.   More than half of my employees and indirect reports are in jobs that include sales goals.  WTF is there to discuss with an employee not showing the effort to meet their current goals?  I'm more than happy to spend all the time I have with high performing and/or high potential people, but I won't miss the part of management where I have to hold in the "Do your f@#$ing job first" response.

For you and your goals
https://www.youtube.com/watch?v=KJtrLKGZZFg
Title: Re: 2018 FIRE cohort
Post by: aperture on July 17, 2017, 04:18:08 PM
Suddenly, this thread sucks a whole lot more.

Sol - I am feeling about the same.  Sometime in the next 12 months, this thread is going to get a whole lot better though.
Title: Re: 2018 FIRE cohort
Post by: CowboyAndIndian on July 17, 2017, 05:23:43 PM
Suddenly, this thread sucks a whole lot more.

Sol - I am feeling about the same.  Sometime in the next 12 months, this thread is going to get a whole lot better though.

So true, the light at the end of my tunnel is a year away....
Title: Re: 2018 FIRE cohort
Post by: MandyM on July 18, 2017, 06:08:32 AM
In the Class of 2017 thread some of us were discussing a strange kind of sadness as we prepared to leave our jobs. homestead neohio had this comment, that I liked very much:

I'm looking forward to the sadness and nostalgia and feeling all the feels of this life milestone.  It just means we're complicated humans who are alive.  Right now I'm treasuring the security of the paycheck while it lasts and the richness of the anticipation I'm feeling.

Perhaps a year is a long time to dwell in anticipation, but still not a bad thing to keep in mind as you get closer and closer.
Title: Re: 2018 FIRE cohort
Post by: markbike528CBX on July 18, 2017, 02:27:44 PM
Posting to lurk.  Perhaps to every join this cohort on short notice.
Title: Re: 2018 FIRE cohort
Post by: poppydog on July 26, 2017, 03:10:10 AM
MMM fan from Scotland UK here.  Mrs PD and I have reached FI a couple of years ago, but she wanted to carry on so we delayed retiring until June 2018.  On one huge weekend we will both retire, it will be our 10th wedding anniversary, and it will be a "significant" birthday for her!
Title: Re: 2018 FIRE cohort
Post by: CowboyAndIndian on July 26, 2017, 11:32:43 AM
Welcome poppydog. Added to June ...

 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  OzBeach
 01/18  NorGirl
 01/18  PizzaSteve Left the forum.
 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
 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
 05/18  SwordGuy
 05/18  SwordGuy DW
 05/18  Alim Nassor
 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
 07/18  AussieGirl
~07/18  BackAndForth
 07/18  ChasesFish
~07/18  Freshwater
~07/18  SnidelyWhiplashStache
 08/18  SpreadsheetMan DW - OMY, moved to 2019 cohort.
 08/18  NorCalistache
 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

Title: Re: 2018 FIRE cohort
Post by: aperture on July 26, 2017, 11:34:50 AM
MMM fan from Scotland UK here.  Mrs PD and I have reached FI a couple of years ago, but she wanted to carry on so we delayed retiring until June 2018.  On one huge weekend we will both retire, it will be our 10th wedding anniversary, and it will be a "significant" birthday for her!

Welcome poppydog.  I am also in the June 2018 cohort - looking forward to more of a quiet weekend after putting away my money firehose.  -ap.
Title: Re: 2018 FIRE cohort
Post by: SwordGuy on July 26, 2017, 06:40:05 PM
Well, I might be "graduating" sooner than planned.   

I work at a government facility.  Contract is up "real soon now".   It's supposed to be put up for bid again.  This would be all routine but it takes at least 2 weeks longer to make a new contract happen than the old contract has time left in it.

Now, the way these contracts work is that the private company that wins the contract pretty much hires the people who have been doing the work and collects the money for them.   They don't know their employees and pretty much don't care to.  We might see them once a year at lunch for an hour.  Maybe twice a year for an hour when a contract is up for renewal.   We're just cogs in the great government tit milking machine to them.

(We, the employees, actually try to do good work for our client, the government.   That varies, of course, from one group of employees to another, but we've got a hard-working, honest and competent crew.   We actually care whether we get the job done.  But I digress.)

So, pretty much no employee in this situation has any expectation of loyalty from their employer.   We can't trust that we would be told ahead of time that there will be a multi-week gap in pay.   That's because it might cause people to put in job applications and get hired elsewhere, which would mean that the company wouldn't collect all possible billable hours.

So, knowing that one of my fellow employees was worried about it, I asked one of the govt people about when the contract was going to be put out for bid, because I was kind of interested in knowing whether I would have a paycheck in a month and a half (or not).

They said the contract request for bid had been released and there might be a 2 week gap between the old contract expiring and the new one starting up.   Didn't say anything more substantive about it.  If they weren't supposed to say that much, it's on them.  They are supposed to know the rules, we're just schmucks that want to know if we'll have a paycheck or not.

I mention it to my colleague.

He fires off an email 2 layers up our management chain. 

Upper management run around like a bull in the china shop and piss off some other government people, who will no doubt piss on other govt people down the food chain.

My manager is now pissed at me.   

My feeling is that if they hadn't all acted like keystone cops they wouldn't be in this position.  It's their fault and they should own it.

All they had to do was double-check to see if the request for bid had gone out yet.  "Oh, it has?  I didn't receive my copy.  Can you re-send it?"  Or, "Oh, it hasn't?  Not a problem.  Just wanted to make sure, we want to give it our full attention and do the best job for you."

Local manager asked me again when I was planning to retire.

Frankly, I could use an extra 2 weeks of vacation, paid or not.   

Looks like I might have to go for an extra 9 months and 2 weeks if they are that pissed.

Jeesh.

I get tired of this shit.   
Title: Re: 2018 FIRE cohort
Post by: Monkey Uncle on July 26, 2017, 06:53:25 PM
Well, I might be "graduating" sooner than planned.   

I work at a government facility.  Contract is up "real soon now".   It's supposed to be put up for bid again.  This would be all routine but it takes at least 2 weeks longer to make a new contract happen than the old contract has time left in it.

Now, the way these contracts work is that the private company that wins the contract pretty much hires the people who have been doing the work and collects the money for them.   They don't know their employees and pretty much don't care to.  We might see them once a year at lunch for an hour.  Maybe twice a year for an hour when a contract is up for renewal.   We're just cogs in the great government tit milking machine to them.

(We, the employees, actually try to do good work for our client, the government.   That varies, of course, from one group of employees to another, but we've got a hard-working, honest and competent crew.   We actually care whether we get the job done.  But I digress.)

So, pretty much no employee in this situation has any expectation of loyalty from their employer.   We can't trust that we would be told ahead of time that there will be a multi-week gap in pay.   That's because it might cause people to put in job applications and get hired elsewhere, which would mean that the company wouldn't collect all possible billable hours.

So, knowing that one of my fellow employees was worried about it, I asked one of the govt people about when the contract was going to be put out for bid, because I was kind of interested in knowing whether I would have a paycheck in a month and a half (or not).

They said the contract request for bid had been released and there might be a 2 week gap between the old contract expiring and the new one starting up.   Didn't say anything more substantive about it.  If they weren't supposed to say that much, it's on them.  They are supposed to know the rules, we're just schmucks that want to know if we'll have a paycheck or not.

I mention it to my colleague.

He fires off an email 2 layers up our management chain. 

Upper management run around like a bull in the china shop and piss off some other government people, who will no doubt piss on other govt people down the food chain.

My manager is now pissed at me.   

My feeling is that if they hadn't all acted like keystone cops they wouldn't be in this position.  It's their fault and they should own it.

All they had to do was double-check to see if the request for bid had gone out yet.  "Oh, it has?  I didn't receive my copy.  Can you re-send it?"  Or, "Oh, it hasn't?  Not a problem.  Just wanted to make sure, we want to give it our full attention and do the best job for you."

Local manager asked me again when I was planning to retire.

Frankly, I could use an extra 2 weeks of vacation, paid or not.   

Looks like I might have to go for an extra 9 months and 2 weeks if they are that pissed.

Jeesh.

I get tired of this shit.

See my sig. ;)
Title: Re: 2018 FIRE cohort
Post by: SwordGuy on July 27, 2017, 05:36:22 PM
So, last night I got an ass chewing over the phone at home.

Today I got a verbal ass chewing at work.  I'm told to expect a written one via email.

Whoop-de-doo.

So, my manager looks at me, after explaining how I had done stuff wrong, and added, "It caused all kinds of problems when big boss dealt with the contracting officer over this."

I looked him in the eye and replied, "Well, maybe that's a sign he should not have done that."

Things got silent for a bit.

FU money is a wonderful thing.

Less than 9 1/2 months if I stay on our current FIRE schedule.   Less if the daily-crap-to-dollar ratio gets too high.

Title: Re: 2018 FIRE cohort
Post by: SwordGuy on July 27, 2017, 07:53:15 PM
So, last night I got an ass chewing over the phone at home.

Today I got a verbal ass chewing at work.  I'm told to expect a written one via email.

Whoop-de-doo.

So, my manager looks at me, after explaining how I had done stuff wrong, and added, "It caused all kinds of problems when big boss dealt with the contracting officer over this."

I looked him in the eye and replied, "Well, maybe that's a sign he should not have done that."

Things got silent for a bit.

FU money is a wonderful thing.

Less than 9 1/2 months if I stay on our current FIRE schedule.   Less if the daily-crap-to-dollar ratio gets too high.

Oh, yeah, not a mention that they gave the slightest tinker's damn that their employees might not get paycheck or more.   As expected.
Title: Re: 2018 FIRE cohort
Post by: Monkey Uncle on July 28, 2017, 04:38:07 AM
The govt person you posed the question to probably got his ass chewed for sharing information he wasn't supposed to share, and he threw you under the bus out of spite.  That's why you're getting your ass chewed, instead of the guy who fired off the e-mail to upper management.  Govt person probably told your management that the contract was in danger because of your loose lips, and he/she told them to "do something" about you.  Your management doesn't really care about who's at fault, they just want the pain to stop, and beating you about the head and shoulders is the easiest way to make that happen.
Title: Re: 2018 FIRE cohort
Post by: SwordGuy on July 28, 2017, 04:47:58 AM
The govt person you posed the question to probably got his ass chewed for sharing information he wasn't supposed to share, and he threw you under the bus out of spite.  That's why you're getting your ass chewed, instead of the guy who fired off the e-mail to upper management.  Govt person probably told your management that the contract was in danger because of your loose lips, and he/she told them to "do something" about you.  Your management doesn't really care about who's at fault, they just want the pain to stop, and beating you about the head and shoulders is the easiest way to make that happen.

He's a good guy, I don't see that happening. Not his nature.

No one was upset until upper management stomped around like a bull in a china shop.  They should know better.   All the other management at other consulting companies I've worked for certainly has.
Title: Re: 2018 FIRE cohort
Post by: aperture on July 28, 2017, 07:56:14 AM
Met with my boss and other supervisors on my team yesterday and started planning the year ahead.  I took on some new responsibilities that could make it a bit harder for them when I leave next July.  I felt guilty, but not to the point that I am doing anything to change my plans.  (Our hiring cycle can be up to 12 months depending on the time of year someone leaves and how quickly the organization decides to replace them.  I am taking on the extra responsibilities now as a ripple effect of someone that retired in December, 2016 that has not yet been replaced.)  I really like my co-workers and do not want to screw them, but there is almost no way that my departure is not going to saddle them with extra work for 3 to 12 months. 

I think I have about 209 more work days. I wish I could stop counting them off. Maybe I will not look at my FIRE spreadsheet for the month of August and see if that helps.

Best wishes.
Title: Re: 2018 FIRE cohort
Post by: Livingthedream55 on July 28, 2017, 11:52:15 AM
Aspiring to join this cohort (currently in the class of 2019) but rumors abound that there will be an early retirement incentive offer this fall at my government agency.

If they add five years of service (this has been done before),as an incentive to retire, I am in! If it's just a one time incentive payment the numbers may not work for me.

Fingers crossed!
Title: Re: 2018 FIRE cohort
Post by: sol on July 28, 2017, 12:10:07 PM
Aspiring to join this cohort (currently in the class of 2019) but rumors abound that there will be an early retirement incentive offer this fall at my government agency.

If they add five years of service (this has been done before),as an incentive to retire, I am in! If it's just a one time incentive payment the numbers may not work for me.

Fingers crossed!

I've heard the same rumors, from people in the know.  Are you federal gov?  I am, and it looks like we're going to get a multi-agency two year VERA with narrow election windows until they hit their target reductions, in order to avoid RIFs.  That means no VSIP, no 5 years, and only people with 25 years in will be eligible.
Title: Re: 2018 FIRE cohort
Post by: SwissMiss on July 29, 2017, 01:14:02 AM
Joining this cohort. Planning to FIRE in June 2018.
Title: Re: 2018 FIRE cohort
Post by: CowboyAndIndian on July 29, 2017, 10:29:16 AM

Welcome SwissMiss.

 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  OzBeach
 01/18  NorGirl
 01/18  PizzaSteve Left the forum.
 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
 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
 05/18  SwordGuy
 05/18  SwordGuy DW
 05/18  Alim Nassor
 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
 08/18  SpreadsheetMan DW - OMY, moved to 2019 cohort.
 08/18  NorCalistache
 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

Title: Re: 2018 FIRE cohort
Post by: SwordGuy on July 30, 2017, 07:34:31 PM
60 is pretty late on these boards but I really only got the idea of earlier retirement  at the beginning of 2012, I thought I'd be going til 67. Better late than never :)

Couldn't agree more - in fact it's my sig block :)

I understand completely!  I thought I would have to slave away until age 70 (or longer!), but I'll be FIREd at age 60 - and that's already including TMY (Two More Years). 
Title: Re: 2018 FIRE cohort
Post by: Mr Griz on July 30, 2017, 08:05:55 PM
I'm ready to join this group. I plan to FIRE in July 2018. Would like to be gone this year but I have an incentive comp payoff that will vest then. Big enough to do OMY and then out.

DW retired two years ago. Her comment was basically "It's about time..."
Title: Re: 2018 FIRE cohort
Post by: CowboyAndIndian on July 31, 2017, 04:47:16 AM
Welcome Mr Griz.  It's exciting as this cohort is still growing as we have less than 6 months to go.

 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  OzBeach
 01/18  NorGirl
 01/18  PizzaSteve Left the forum.
 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
 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
 05/18  SwordGuy
 05/18  SwordGuy DW
 05/18  Alim Nassor
 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
 08/18  SpreadsheetMan DW - OMY, moved to 2019 cohort.
 08/18  NorCalistache
 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

[/quote]
Title: Re: 2018 FIRE cohort
Post by: Livingthedream55 on August 02, 2017, 12:29:44 PM
Aspiring to join this cohort (currently in the class of 2019) but rumors abound that there will be an early retirement incentive offer this fall at my government agency.

If they add five years of service (this has been done before),as an incentive to retire, I am in! If it's just a one time incentive payment the numbers may not work for me.

Fingers crossed!

I've heard the same rumors, from people in the know.  Are you federal gov?  I am, and it looks like we're going to get a multi-agency two year VERA with narrow election windows until they hit their target reductions, in order to avoid RIFs.  That means no VSIP, no 5 years, and only people with 25 years in will be eligible.

Nope - state government here.
Title: Re: 2018 FIRE cohort
Post by: markbike528CBX on August 07, 2017, 08:19:14 AM
Adding as this summer is my last working summer.  Now I have to break the newa to the 2019 cohort (I'm the OP).

 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  OzBeach
 01/18  NorGirl
 01/18  PizzaSteve Left the forum.
 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
 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
 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
 08/18  SpreadsheetMan DW - OMY, moved to 2019 cohort.
 08/18  NorCalistache
 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
Title: Re: 2018 FIRE cohort
Post by: Cherry Lane on August 07, 2017, 09:10:57 AM
Adding as this summer is my last working summer.  Now I have to break the newa to the 2019 cohort (I'm the OP).

Welcome!  May I ask what changed to move up your date?  Change in financial situation, lack of tolerance for the job, or something else?

In other news, my phone is telling me I have 222 days to go!  I have a separate countdown at work telling me how many days I have left to be in the office.  It's in the 80s, I think, but I can't confirm the exact number because I'm currently working remotely with a lovely view of birds fishing in the river.  A bald eagle flew past the window at breakfast.
Title: Re: 2018 FIRE cohort
Post by: markbike528CBX on August 07, 2017, 04:47:03 PM
Adding as this summer is my last working summer.  Now I have to break the newa to the 2019 cohort (I'm the OP).

Welcome!  May I ask what changed to move up your date?  Change in financial situation, lack of tolerance for the job, or something else?

In other news, my phone is telling me I have 222 days to go!  I have a separate countdown at work telling me how many days I have left to be in the office.  It's in the 80s, I think, but I can't confirm the exact number because I'm currently working remotely with a lovely view of birds fishing in the river.  A bald eagle flew past the window at breakfast.

Already FI, nearly 30x very comfortable expenses 40x barebones (some slack/extea taxes included). 
Had fairly normal rearrangement of summer vacation.  Not my problem anymore or in the future.
Title: Re: 2018 FIRE cohort
Post by: Zoot on August 13, 2017, 11:38:11 AM
Posting to follow and cheer on the 2018 cohort!
Title: Re: 2018 FIRE cohort
Post by: sol on August 13, 2017, 11:55:55 AM
By my count, at least six people on this list are due to RE in the next five months.  Are you all up to speed with the forum's pre-retirement checklist thread (https://forum.mrmoneymustache.com/post-fire/pre-fire-checklist/)?

Title: Re: 2018 FIRE cohort
Post by: Bateaux on August 13, 2017, 12:58:03 PM
Holy crap that's a list.  I'm class 2019.  I never done any of that stuff.  Probably won't.
Title: Re: 2018 FIRE cohort
Post by: aperture on August 13, 2017, 05:14:49 PM
By my count, at least six people on this list are due to RE in the next five months.  Are you all up to speed with the forum's pre-retirement checklist thread (https://forum.mrmoneymustache.com/post-fire/pre-fire-checklist/)?

Thanks for looking out for everyone Sol.
Title: Re: 2018 FIRE cohort
Post by: Monkey Uncle on August 13, 2017, 06:01:45 PM
By my count, at least six people on this list are due to RE in the next five months.  Are you all up to speed with the forum's pre-retirement checklist thread (https://forum.mrmoneymustache.com/post-fire/pre-fire-checklist/)?

The last time I stated my planned FIRE date on the forum, it was 12/31/17.  That was a placeholder for "some time around the end of 2017/beginning of 2018."  I'm not sure I'm going to go then, given the health care mess.  But I'm still acting as if that's my date.  Reading through the list, I was pleasantly surprised to find that I've at least considered a lot of that stuff.

Right now I'm thinking a lot about how to optimize the exact date, so that I get paid for all of the annual leave that I would otherwise lose at the end of 2017, but not have it taxed at 25%.  Sol, you're a fellow fed.  Do you know if I leave at the end of pp 26, which would be the first week of January, 2018, would the lump sum annual leave payout be considered 2018 income?  If so, that would get it out of the 25% tax bracket.  Also wondering if there is a way to put most/all of it in the TSP to avoid any tax on it.  If I could do that, it would pretty much max my TSP out for 2018 right as I'm walking out the door.
Title: Re: 2018 FIRE cohort
Post by: sol on August 13, 2017, 06:21:36 PM
Do you know if I leave at the end of pp 26, which would be the first week of January, 2018, would the lump sum annual leave payout be considered 2018 income?  If so, that would get it out of the 25% tax bracket.  Also wondering if there is a way to put most/all of it in the TSP to avoid any tax on it.  If I could do that, it would pretty much max my TSP out for 2018 right as I'm walking out the door.

I believe that any lump sum payment for unused annual leave counts as taxable income in the year it is paid, several weeks after you bail.  So that part should work.

The TSP part will not work, I think.  TSP contributions have to come out of your regular paycheck, not special one time payments.  You can't put travel voucher payments into the TSP, for example, and I'm betting AL payouts are the same deal.
Title: Re: 2018 FIRE cohort
Post by: Monkey Uncle on August 14, 2017, 04:03:33 AM
Thanks, Sol.  Found a non-official source that confirms that lump sum AL payments can't be put into the TSP:

http://money.federaltimes.com/tag/annual-leave/ (http://money.federaltimes.com/tag/annual-leave/)

And another that confirms the payment is taxed in the calendar year in which it is made:

http://www.myfederalretirement.com/public/320.cfm (http://www.myfederalretirement.com/public/320.cfm)

Quote
The lump-sum payment is taxable in the year it is received. For example, if an employee were to retire on Dec. 31, then the lump-sum payment for unused annual leave will be directly deposited in the retired employee's bank account by mid- to late January. That means the lump-sum payment is taxable in the new calendar year. The former employee will also have the lump-sum payment reported on a W2 form for the year in which it is received.
Title: Re: 2018 FIRE cohort
Post by: Pennycounter on August 15, 2017, 04:21:25 PM
Posting to follow, I think I'm class of 2020 :( which feels ages away.
Title: Re: 2018 FIRE cohort
Post by: cerat0n1a on August 16, 2017, 01:53:51 AM
I'm in, having previously been in the 2019 cohort. Current plan is to stop paid work some time between June & August, depending on job situation.
Title: Re: 2018 FIRE cohort
Post by: chasesfish on August 16, 2017, 06:14:27 AM
My dates are teetering, might be March, might be June, might have to continue working another nine months past there due to health insurance. 

I've been digging into exchange plans an my spouse is a heavy user right now, $15k/year in out of pocket expenses start hurting the early retirement math, won't drop for 18 months until I can report lower income, but the $10k out of pocket plus premium is a rear-kicker.
Title: Re: 2018 FIRE cohort
Post by: CowboyAndIndian on August 16, 2017, 06:58:11 AM
Welcome cerat0n1a


 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  OzBeach
 01/18  NorGirl
 01/18  PizzaSteve Left the forum.
 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
 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
 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
 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

Title: Re: 2018 FIRE cohort
Post by: Mr Mark on August 16, 2017, 09:16:40 AM
Put me down for August 2018.

I'd consider us already FI but we decided to let it roll until mid 18 so our child can finish the awesome private school my company pays for. The temptation of OMY is huge (this is a 'problem' when one gets ridiculous amounts of money and stuff at your job) but we're now committed.

Company really wants me to keep doing 4-6 weeks a year of consulting.  At $1200 a day plus flights and expenses that may prove hard to turn down...

it would have been great to learn about mustachianism 30 years ago. But no complaints. 
Title: Re: 2018 FIRE cohort
Post by: Monkey Uncle on August 16, 2017, 07:00:51 PM
Putting myself back on the list.  Seems I got dropped a while back on a technicality (having specified a 12/31/17 date).  My current date is 1/6/18.


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  OzBeach
 01/18  NorGirl
 01/18  PizzaSteve Left the forum.
 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
 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
 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
 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
Title: Re: 2018 FIRE cohort
Post by: Mr Mark on August 17, 2017, 05:42:49 AM

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  OzBeach
 01/18  NorGirl
 01/18  PizzaSteve Left the forum.
 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
 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
 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
Title: Re: 2018 FIRE cohort
Post by: Caoineag on August 17, 2017, 08:35:09 AM
Wow, this class is getting big. Between everyone who is doing OMY and OLY, it seems like a lot of people converged on 2018.
Title: Re: 2018 FIRE cohort
Post by: itchyfeet on August 21, 2017, 10:02:31 AM
I am still not certain whether I will graduate with the class of 2018, or 2019. There are a mounting range of factors driving me to 2018 including DW's wishes/ demands. We shall see. But that is not why I chose to post. (I have said the same about my indecisiveness on FIRE date many times, so old news)

What I wanted to say was that today I had a really surreal, "shit this is almost about to happen" moment.

In my office boredom I started looking at one-way flights to various places in the world for June next year.

It dawned on me that I could book a one-way flight TODAY for my post FIRE adventure.

I could pay for the flight TODAY and lock in an adventure with no obligation to return at any time to anywhere. Freedom!

Just a few taps of the keys on the keyboard and it would be locked in!

I have never been without work obligations. I have never been between jobs since I was 14.

Sheesh!!!!

OMG.... am I ready to make decisions on the other side of FIRE. All my decisions up to now have been aimed at getting to FIRE. I haven't made any concrete decisions post FIRE yet.

10 months is so soon! Sorry, this has just dawned on me. Its really happening.

Title: Re: 2018 FIRE cohort
Post by: TartanTallulah on August 21, 2017, 10:21:48 AM
That is SO exciting, Itchyfeet! As a 2019er who feels that 2019 is such a long way away, I'm envious.

I saw an ad for what could be quite a fun seasonal side gig yesterday. "I could do that," I said to DH. I was on the verge of saying, "Shall I enquire?" when I remembered that I won't actually be able to do anything like that this summer OR next summer because I'll still be working at my current job.

Title: Re: 2018 FIRE cohort
Post by: SwordGuy on August 22, 2017, 07:35:13 PM
We're still on target of FIRE in May of 2018.   We're getting closer and closer!

We're already starting to make plans.

We'll start off with a weekend of dancing in the mountains!
Title: Re: 2018 FIRE cohort
Post by: itchyfeet on August 22, 2017, 09:37:03 PM
For us, despite my net day dreaming, we will push through the next 4 months before making any firm plans.

If we decide to FIRE next June I will need to tell my boss in my annual review in Feb. At that point there will be no turning back.
Title: Re: 2018 FIRE cohort
Post by: TartanTallulah on August 23, 2017, 04:11:12 AM
I sent a message to the person doing my next performance review, which isn't till next March, to say that they should approach it as my exit interview. Even in my worst case scenario, by the following March I'll be counting the days till I finish. I'm looking forward to saying, "Nope, keep all your hoops in your bag, I won't be jumping through them on my way to the door."
Title: Re: 2018 FIRE cohort
Post by: ZiziPB on August 23, 2017, 07:46:36 AM
I'm still on target for spring 2018.  I'm putting my house on the market this week so it's starting to feel real!  Rumor has it that my company will be changing its vacation day policy and will no longer pay out unused vacation time starting in 2018.  So I need to make plans for 2 weeks off this year and another week or two before I quit.  I guess it's a good problem to have :-)
Title: Re: 2018 FIRE cohort
Post by: JLTinVA on August 23, 2017, 07:49:17 AM
I’m leaving March 2018 as my date for now, but I may be moving to the Class of 2017. DH is in middle management at a large firm and his department is undergoing a big re-org. His boss has all but told him that he won’t have a role in the new department. The “bad” news is that she likes him and has been grooming him for a senior management position. Since she assumes that is what he wants, she is actively trying to find a new spot for him elsewhere. He has told her that he wants to see a severance package before he applies for anything new, to weigh both options, make sure it’s a “good fit” for both parties, etc. etc. etc.

So ”worst case” scenario, they find him something without offering a severance package, and we work until March 2018 as planned.

Best case, they offer a package (based on the stated policy, he’s looking at over 6 months of severance, plus paid health care during the severance period). He stops working, we put our condo on the market (we’re moving to a LCOL area), and I give notice once we have a closing date, hopefully in 2017.

Keep your fingers crossed for a layoff!
Title: Re: 2018 FIRE cohort
Post by: Cherry Lane on August 23, 2017, 01:30:07 PM
I thought about putting this in the Mustachian People Problems thread, but it's really a "Class of 2018 problem":

Between work travel, vacation days (eclipse viewing), and telework, I'll have been out of the office for two weeks, so I haven't been able to update the FIRE countdown on my desk!

I think I have somewhere between 80 to 90 office days remaining, but I'm not sure.  I'm almost tempted to go to the office to check.
Title: Re: 2018 FIRE cohort
Post by: Fresh Bread on August 23, 2017, 02:35:20 PM
I'm still on target for spring 2018.  I'm putting my house on the market this week so it's starting to feel real!  Rumor has it that my company will be changing its vacation day policy and will no longer pay out unused vacation time starting in 2018.  So I need to make plans for 2 weeks off this year and another week or two before I quit.  I guess it's a good problem to have :-)

Can you set your leaving date as two weeks later and take the leave then?
Title: Re: 2018 FIRE cohort
Post by: aperture on August 23, 2017, 08:56:52 PM
You know your values are warped when...
I think I have somewhere between 80 to 90 office days remaining, but I'm not sure.  I'm almost tempted to go to the office to check.

I can totally relate. I think the thing I will miss most about quitting work is updating my countdown calendar.   I use a spreadsheet and have a page to count office days remaining, another to calculate calendar days until FIRE, one to count days remaining as a percent of my entire working life, one that counts up vacation days that I am accruing, and one that counts how much savings left until I am retired (not to mention the one that counts 403b contributions). 

Title: Re: 2018 FIRE cohort
Post by: itchyfeet on August 23, 2017, 09:48:33 PM
Hmmm, unfortunately I won't missing anything other than the inflow of $$
Title: Re: 2018 FIRE cohort
Post by: Cherry Lane on August 24, 2017, 05:53:37 AM
You know your values are warped when...
I think I have somewhere between 80 to 90 office days remaining, but I'm not sure.  I'm almost tempted to go to the office to check.

I can totally relate. I think the thing I will miss most about quitting work is updating my countdown calendar.   I use a spreadsheet and have a page to count office days remaining, another to calculate calendar days until FIRE, one to count days remaining as a percent of my entire working life, one that counts up vacation days that I am accruing, and one that counts how much savings left until I am retired (not to mention the one that counts 403b contributions).

That's a lot of counters!  I'm just counting total days (via a phone app) and days in the office (on paper on my wall, in a cryptic manner so no one else knows what it is).

I do have a separate vacation day tracker, but I've used that for years to plan my days off for the year.
Title: Re: 2018 FIRE cohort
Post by: Financial Ascensionist on August 24, 2017, 09:20:55 PM
I FIREd almost three months ago.  I used to write down at the top of my notebook both calendar and work days remaining.  I think I have done that for my last six months or so and it really helped me stay focused and motivated during the though moments.  It's hard to suppress the feeling of euphoria when you start writing single digit numbers.
Title: Re: 2018 FIRE cohort
Post by: JoJo on August 25, 2017, 02:24:30 PM
Well, I might as well start following this thread.  Was going to do 2017 but then got a chance to do a sweet part time deal @70%.   2018 is highly likely now but not sure.  I've exceeded my financial goal but the power of OMY is too strong and my tendency to "splurge" on certain vacation destinations keeps me going.
Title: Re: 2018 FIRE cohort
Post by: aperture on August 25, 2017, 05:37:30 PM
Well, I might as well start following this thread.  Was going to do 2017 but then got a chance to do a sweet part time deal @70%.   2018 is highly likely now but not sure.  I've exceeded my financial goal but the power of OMY is too strong and my tendency to "splurge" on certain vacation destinations keeps me going.

Welcome JoJo and congrats on achieving your FI number.  BTW - I really liked your diamond ring photo.  For myself, I was so frustrated with my camera & enraptured with the eclipse - I took no pictures at all during totality - just the ones in my mind.  Cheers, ap.
Title: Re: 2018 FIRE cohort
Post by: honeyfill on August 28, 2017, 08:39:53 AM
Just joined MMM last night and found this thread.  I didn't know much about the early retirement and Financial Independence  community but it turns out I have been basically living the FIRE(lite)  life for the last 25 yrs.  I'm 60 now and ready to pull the trigger.  I have reached FI and now just have a few things to clear up regarding debt and work related projects and bonuses.  I plan to retire sometime between March and July of 2018. 
Title: Re: 2018 FIRE cohort
Post by: honeyfill on August 28, 2017, 08:54:46 AM
I thought I would add one of those cool countdown banners to my messages.  Does anyone know how to make it a regular footer to all my messages?




(https://tickers.TickerFactory.com/ezt/d/4;10747;405/st/20180714/e/Retirement/dt/-3/k/f1e5/event.png)
 (https://www.TickerFactory.com/)
Title: Re: 2018 FIRE cohort
Post by: TartanTallulah on August 28, 2017, 02:22:33 PM
Honeyfill, if you go to Profile -> Forum Profile -> Signature and paste the text from the ticker website into the Signature box, the countdown bar should appear on the bottom of all your posts. I like the image you've chosen :-)
Title: Re: 2018 FIRE cohort
Post by: honeyfill on August 29, 2017, 05:17:40 PM
Put my date in as Circa May 2018. But it is somewhere between March and July. 

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  OzBeach
 01/18  NorGirl
 01/18  PizzaSteve Left the forum.
 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
 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
 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
Title: Re: 2018 FIRE cohort
Post by: Cherry Lane on August 29, 2017, 06:43:22 PM
200 more days!
Title: Re: 2018 FIRE cohort
Post by: aperture on August 29, 2017, 07:17:21 PM
200 more days!

Congrats CL - This Saturday will be 300 days for me!!
Title: Re: 2018 FIRE cohort
Post by: Retire-Canada on August 29, 2017, 07:20:26 PM
200 more days!

Congrats CL - This Saturday will be 300 days for me!!

Awesome. You guys rock! :)
Title: Re: 2018 FIRE cohort
Post by: ozbeach on September 04, 2017, 05:16:29 PM
I've moved myself to the bottom of the list and, borrowing from the 2017 Target FIRE thread, have given myself the WIGLO acronym :)

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 Left the forum.
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
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
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)
Title: Re: 2018 FIRE cohort
Post by: Patches on September 07, 2017, 11:15:41 AM
Well, with each passing month my wife and I continue to crush our FI number.  Her and I recently had a discussion to consider 2017, but neither of us really dislike our jobs so as to speed up the timeline.  I will give a one-year notice in Jan.  I'm an officer of the company and want them to have time to find a suitable replacement.  Once they do I'll happily bow out at that time.  Long story short: nothing has changed. It's just fun seeing our lofty goals becoming reality. And thought I'd share it with you fine people. Peace!
Title: Re: 2018 FIRE cohort
Post by: MaybeBabyMustache on September 13, 2017, 12:07:34 PM
I'm new & on the fence, but am considering RE in spring of 2018. Lots to consider given our situation, but that's my current timing. My husband will continue to work.
Title: Re: 2018 FIRE cohort
Post by: Gimesalot on September 13, 2017, 02:55:54 PM
I started my CD ladder yesterday!  It's enough to cover two years' worth of living expenses.   Also, my DH and I decided that we will be moving to Washington state to establish residency in an income tax-free state.  Afterwards, we will be fulfilling my dream of a Great Canadian Road Trip!  It is hard to believe that we are just months out from FIRE.
Title: Re: 2018 FIRE cohort
Post by: Basenji on September 13, 2017, 04:25:27 PM
Haven't posted in a long time, but I'm moving to 2017. Good luck everyone!
Title: Re: 2018 FIRE cohort
Post by: Monkey Uncle on September 13, 2017, 06:45:09 PM
Haven't posted in a long time, but I'm moving to 2017. Good luck everyone!

Congratulations!  Are you going now?
Title: Re: 2018 FIRE cohort
Post by: Basenji on September 13, 2017, 07:07:36 PM
December, squeezing in 17
Title: Re: 2018 FIRE cohort
Post by: markbike528CBX on September 13, 2017, 07:46:01 PM
...snip... Also, my DH and I decided that we will be moving to Washington state to establish residency in an income tax-free state.........

Welcome!
Westside ( greenside)  or Eastside (mostly brownside) ?
Title: Re: 2018 FIRE cohort
Post by: Caoineag on September 14, 2017, 07:26:36 AM
Given that a lot of us will be retiring part way through next year, I am curious how many plan of us plan on running the numbers on health insurance during the open enrollment period coming this November. I have 2 states to choose between since we are going full time travel so I will be using those numbers to decide on a state (and potentially zip code for our mail forwarding). Its weird to feel like I am reaching the point where I have to start making arrangements for my retirement...
Title: Re: 2018 FIRE cohort
Post by: Gimesalot on September 14, 2017, 07:33:46 AM
...snip... Also, my DH and I decided that we will be moving to Washington state to establish residency in an income tax-free state.........

Welcome!
Westside ( greenside)  or Eastside (mostly brownside) ?

Probably out towards the west side, although it isn't decided yet.  There are a bunch of pieces that need to fall into place before March of next year. 

Given that a lot of us will be retiring part way through next year, I am curious how many plan of us plan on running the numbers on health insurance during the open enrollment period coming this November. I have 2 states to choose between since we are going full time travel so I will be using those numbers to decide on a state (and potentially zip code for our mail forwarding). Its weird to feel like I am reaching the point where I have to start making arrangements for my retirement...

I am still trying to get my head wrapped around this too.  I think our plan is to have employer/COBRA for the first few months, then switch to an Expat policy while in Canada, and then Obamacare when back in the US.  When we leave in the fall for South America, we will self insure.
Title: Re: 2018 FIRE cohort
Post by: Cherry Lane on September 14, 2017, 07:55:28 AM
Given that a lot of us will be retiring part way through next year, I am curious how many plan of us plan on running the numbers on health insurance during the open enrollment period coming this November. I have 2 states to choose between since we are going full time travel so I will be using those numbers to decide on a state (and potentially zip code for our mail forwarding). Its weird to feel like I am reaching the point where I have to start making arrangements for my retirement...

I'm not sure what to do about insurance.  I retire in March.  In September I'll be a full-time student and can get university health insurance, but what about the intervening 5 months?  Does anybody know if I get an exchange plan, can I cancel it in September?  Or do I have to stick with it through the year?
Title: Re: 2018 FIRE cohort
Post by: CowboyAndIndian on September 14, 2017, 08:21:40 AM
Given that a lot of us will be retiring part way through next year, I am curious how many plan of us plan on running the numbers on health insurance during the open enrollment period coming this November. I have 2 states to choose between since we are going full time travel so I will be using those numbers to decide on a state (and potentially zip code for our mail forwarding). Its weird to feel like I am reaching the point where I have to start making arrangements for my retirement...

I'm not sure what to do about insurance.  I retire in March.  In September I'll be a full-time student and can get university health insurance, but what about the intervening 5 months?  Does anybody know if I get an exchange plan, can I cancel it in September?  Or do I have to stick with it through the year?

If you are in the US and have healthcare thru your company, you can get COBRA.
COBRA is continuing medical benefits for upto 18 months after your company subsidized plan ends due an end of job. You get the same insurance, but you do not get the subsidy, so you pay full price.
Title: Re: 2018 FIRE cohort
Post by: Gimesalot on September 14, 2017, 08:41:10 AM
Given that a lot of us will be retiring part way through next year, I am curious how many plan of us plan on running the numbers on health insurance during the open enrollment period coming this November. I have 2 states to choose between since we are going full time travel so I will be using those numbers to decide on a state (and potentially zip code for our mail forwarding). Its weird to feel like I am reaching the point where I have to start making arrangements for my retirement...

I'm not sure what to do about insurance.  I retire in March.  In September I'll be a full-time student and can get university health insurance, but what about the intervening 5 months?  Does anybody know if I get an exchange plan, can I cancel it in September?  Or do I have to stick with it through the year?

According to the last time we used insurance through the Affordable Care Act, the loss of a job is a "qualifying event" and therefore, you can get insurance outside of open enrollment.
Title: Re: 2018 FIRE cohort
Post by: Cherry Lane on September 14, 2017, 08:41:51 AM
Given that a lot of us will be retiring part way through next year, I am curious how many plan of us plan on running the numbers on health insurance during the open enrollment period coming this November. I have 2 states to choose between since we are going full time travel so I will be using those numbers to decide on a state (and potentially zip code for our mail forwarding). Its weird to feel like I am reaching the point where I have to start making arrangements for my retirement...

I'm not sure what to do about insurance.  I retire in March.  In September I'll be a full-time student and can get university health insurance, but what about the intervening 5 months?  Does anybody know if I get an exchange plan, can I cancel it in September?  Or do I have to stick with it through the year?

If you are in the US and have healthcare thru your company, you can get COBRA.
COBRA is continuing medical benefits for upto 18 months after your company subsidized plan ends due an end of job. You get the same insurance, but you do not get the subsidy, so you pay full price.

Yes, but my current insurance is heavily subsidized.  The unsubsidized monthly amount is more than I could pay with a different plan, so I'm wondering if that's possible.
Title: Re: 2018 FIRE cohort
Post by: Cherry Lane on September 14, 2017, 08:44:47 AM
Given that a lot of us will be retiring part way through next year, I am curious how many plan of us plan on running the numbers on health insurance during the open enrollment period coming this November. I have 2 states to choose between since we are going full time travel so I will be using those numbers to decide on a state (and potentially zip code for our mail forwarding). Its weird to feel like I am reaching the point where I have to start making arrangements for my retirement...

I'm not sure what to do about insurance.  I retire in March.  In September I'll be a full-time student and can get university health insurance, but what about the intervening 5 months?  Does anybody know if I get an exchange plan, can I cancel it in September?  Or do I have to stick with it through the year?

According to the last time we used insurance through the Affordable Care Act, the loss of a job is a "qualifying event" and therefore, you can get insurance outside of open enrollment.
Thanks.  I know I can "get" other (ACA) insurance when I leave my employer, but I'm wondering if there's any obligation to keep it?  Can I cancel it partway through the year when I become eligible of cheaper insurance elsewhere? Or am I committed to paying for it until the end of the year?
Title: Re: 2018 FIRE cohort
Post by: markbike528CBX on September 14, 2017, 08:53:54 AM
Given that a lot of us will be retiring part way through next year, I am curious how many plan of us plan on running the numbers on health insurance during the open enrollment period coming this November. I have 2 states to choose between since we are going full time travel so I will be using those numbers to decide on a state (and potentially zip code for our mail forwarding). Its weird to feel like I am reaching the point where I have to start making arrangements for my retirement...

I should probably run the numbers (just for "fun"), it would be a good dry run.

It IS weird, as I'm about to have "the talk" with my boss, who is just on the other side of the laptop screen from me here in the MSP airport.

 
Title: Re: 2018 FIRE cohort
Post by: Patches on September 14, 2017, 09:31:19 AM
Given that a lot of us will be retiring part way through next year, I am curious how many plan of us plan on running the numbers on health insurance during the open enrollment period coming this November. I have 2 states to choose between since we are going full time travel so I will be using those numbers to decide on a state (and potentially zip code for our mail forwarding). Its weird to feel like I am reaching the point where I have to start making arrangements for my retirement...

I'm not sure what to do about insurance.  I retire in March.  In September I'll be a full-time student and can get university health insurance, but what about the intervening 5 months?  Does anybody know if I get an exchange plan, can I cancel it in September?  Or do I have to stick with it through the year?

According to the last time we used insurance through the Affordable Care Act, the loss of a job is a "qualifying event" and therefore, you can get insurance outside of open enrollment.
Thanks.  I know I can "get" other (ACA) insurance when I leave my employer, but I'm wondering if there's any obligation to keep it?  Can I cancel it partway through the year when I become eligible of cheaper insurance elsewhere? Or am I committed to paying for it until the end of the year?


You're not required to continue paying.  Like any other insurance program, if you stop making payments they stop covering you.

Title: Re: 2018 FIRE cohort
Post by: Cherry Lane on September 14, 2017, 10:30:25 AM
Given that a lot of us will be retiring part way through next year, I am curious how many plan of us plan on running the numbers on health insurance during the open enrollment period coming this November. I have 2 states to choose between since we are going full time travel so I will be using those numbers to decide on a state (and potentially zip code for our mail forwarding). Its weird to feel like I am reaching the point where I have to start making arrangements for my retirement...

I'm not sure what to do about insurance.  I retire in March.  In September I'll be a full-time student and can get university health insurance, but what about the intervening 5 months?  Does anybody know if I get an exchange plan, can I cancel it in September?  Or do I have to stick with it through the year?

According to the last time we used insurance through the Affordable Care Act, the loss of a job is a "qualifying event" and therefore, you can get insurance outside of open enrollment.
Thanks.  I know I can "get" other (ACA) insurance when I leave my employer, but I'm wondering if there's any obligation to keep it?  Can I cancel it partway through the year when I become eligible of cheaper insurance elsewhere? Or am I committed to paying for it until the end of the year?


You're not required to continue paying.  Like any other insurance program, if you stop making payments they stop covering you.
Good, thanks.
Title: Re: 2018 FIRE cohort
Post by: Gimesalot on September 14, 2017, 03:03:36 PM
You're not required to continue paying.  Like any other insurance program, if you stop making payments they stop covering you.
Good, thanks.

We had to have my husband covered for 3 months in the middle of the year until open enrollment at my work.  We signed him up with his loss of his job being a "qualifying event".  He stayed othe plan for a few months and then we just stopped paying.
Title: Re: 2018 FIRE cohort
Post by: Monkey Uncle on September 14, 2017, 06:59:24 PM
Given that a lot of us will be retiring part way through next year, I am curious how many plan of us plan on running the numbers on health insurance during the open enrollment period coming this November. I have 2 states to choose between since we are going full time travel so I will be using those numbers to decide on a state (and potentially zip code for our mail forwarding). Its weird to feel like I am reaching the point where I have to start making arrangements for my retirement...

Although I anticipate that ACA insurance will actually be less expensive than my current employer-provided insurance, I definitely will be running the numbers for a 2018 policy as soon as I can.  I have this irrational fear that they won't really allow the subsidies and cost sharing.
Title: Re: 2018 FIRE cohort
Post by: Mr Mark on September 16, 2017, 03:55:37 AM
We'll have the issue of coming back from a long time overseas. Anyone know how we bridge the gap between the company health insurance we have now (and that will thus end before returning ) and getting onto a ACA plan when back in USA? 
Title: Re: 2018 FIRE cohort
Post by: Monkey Uncle on September 16, 2017, 04:44:19 AM
A lot of people talk about how work gets easier to bear once they've achieved FI and the end is in sight.  That definitely has not been my experience.  The workload, stress, conflict, and general bullshit just seems to keep getting worse.  I'm in a management position and can't simply check out (well, not without losing my sense of self-respect).  But at least all the bullshit cements my resolve to FIRE even more.  When the 2018 sign up period rolls around, if it looks like the ACA will continue to limp along for a while, I'm definitely out the door on or before my 1/6/18 date.
Title: Re: 2018 FIRE cohort
Post by: Mr Griz on September 16, 2017, 05:01:55 AM
Same here. The next 9 months are going to go by slowly I feel. I have no desire to stick around but also have no desire to slack off the remaining time.
Title: Re: 2018 FIRE cohort
Post by: aperture on September 16, 2017, 06:04:08 AM
I am with you Uncle and Griz.  My experience is that work has just gotten more difficult to endure as I get closer.  I am also in a management role and cannot simply slack.  Nothing really sucks about my job.  I like the people I work with and the stress is relatively low and I am competent to do my role.  My DW thinks I am crazy, but I am just tired of sitting in a box under fluorescent lights all day.  The closer I edge to my FIRE date, the greater the contrast grows between what I am doing, and what I want to be doing.  Still I like squirreling away my paychecks every two weeks and it is going to be hard to give up watching the stash grow and instead take money out (gasp!).

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 (https://www.dol.gov/agencies/ebsa/about-ebsa/our-activities/resource-center/faqs/cobra-continuation-health-coverage-compliance)
Title: Re: 2018 FIRE cohort
Post by: davisgang90 on September 16, 2017, 09:04:23 AM
I still enjoy my job, but I'm looking forward to the time when I retire.  I have a pretty good commute (for DC) but I'll be glad to leave it behind.
Title: Re: 2018 FIRE cohort
Post by: Monkey Uncle on September 16, 2017, 11:34:01 AM
Still I like squirreling away my paychecks every two weeks and it is going to be hard to give up watching the stash grow and instead take money out (gasp!).

Most definitely.  Today at lunch my DW said, "I'm scared about you retiring."  Me: "because you're afraid we won't have enough money?"  Her: "yes."  Me: "I'm scared too, but I just ran the numbers again, and we should have a decent buffer beyond what we need to spend."

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!
Title: Re: 2018 FIRE cohort
Post by: honeyfill on September 16, 2017, 12:19:47 PM
I am with you Uncle and Griz.  My experience is that work has just gotten more difficult to endure as I get closer.  I am also in a management role and cannot simply slack.  Nothing really sucks about my job.  I like the people I work with and the stress is relatively low and I am competent to do my role.  My DW thinks I am crazy, but I am just tired of sitting in a box under fluorescent lights all day.  The closer I edge to my FIRE date, the greater the contrast grows between what I am doing, and what I want to be doing.  Still I like squirreling away my paychecks every two weeks and it is going to be hard to give up watching the stash grow and instead take money out (gasp!).

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 (https://www.dol.gov/agencies/ebsa/about-ebsa/our-activities/resource-center/faqs/cobra-continuation-health-coverage-compliance)

Yeah, since I hit FI this some things don't bother me anymore and other things seem to bother me more.  I'm holding on till May to pay off some credit cards and collect my bonus but if things get too crazy I can leave anytime.   
Title: Re: 2018 FIRE cohort
Post by: aperture 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).
Title: Re: 2018 FIRE cohort
Post by: Retire-Canada 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.
Title: Re: 2018 FIRE cohort
Post by: Monkey Uncle 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.
Title: Re: 2018 FIRE cohort
Post by: Caoineag 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.
Title: Re: 2018 FIRE cohort
Post by: Monkey Uncle 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.
Title: Re: 2018 FIRE cohort
Post by: aperture 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
Title: Re: 2018 FIRE cohort
Post by: honeyfill 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.
Title: Re: 2018 FIRE cohort
Post by: aperture 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.   
Title: Re: 2018 FIRE cohort
Post by: Mr Mark 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 (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?
Title: Re: 2018 FIRE cohort
Post by: CanuckExpat 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
Title: Re: 2018 FIRE cohort
Post by: homestead neohio 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.
Title: Re: 2018 FIRE cohort
Post by: CanuckExpat 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!
Title: Re: 2018 FIRE cohort
Post by: homestead neohio 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.
Title: Re: 2018 FIRE cohort
Post by: aperture 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.   
Title: Re: 2018 FIRE cohort
Post by: Gimesalot 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.
Title: Re: 2018 FIRE cohort
Post by: SwordGuy 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!
Title: Re: 2018 FIRE cohort
Post by: Aegishjalmur 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.
Title: Re: 2018 FIRE cohort
Post by: Retire-Canada 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.
Title: Re: 2018 FIRE cohort
Post by: honeyfill 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. 
Title: Re: 2018 FIRE cohort
Post by: ZiziPB 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.
Title: Re: 2018 FIRE cohort
Post by: markbike528CBX 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.
Title: Re: 2018 FIRE cohort
Post by: TartanTallulah 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.


Title: Re: 2018 FIRE cohort
Post by: SwordGuy 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.

Title: Re: 2018 FIRE cohort
Post by: wordnerd 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...?
Title: Re: 2018 FIRE cohort
Post by: CowboyAndIndian 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)

Title: Re: 2018 FIRE cohort
Post by: markbike528CBX 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.
Title: Re: 2018 FIRE cohort
Post by: CowboyAndIndian 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?
Title: Re: 2018 FIRE cohort
Post by: Retire-Canada on September 27, 2017, 08:03:13 AM
Any advice?

(https://farm4.staticflickr.com/3712/32600486490_6e61a470fb_b.jpg)

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.

Title: Re: 2018 FIRE cohort
Post by: homestead neohio 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. 
Title: Re: 2018 FIRE cohort
Post by: CowboyAndIndian 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

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.




Title: Re: 2018 FIRE cohort
Post by: homestead neohio 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.
Title: Re: 2018 FIRE cohort
Post by: markbike528CBX 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.
Title: Re: 2018 FIRE cohort
Post by: SwordGuy 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

Title: Re: 2018 FIRE cohort
Post by: ZiziPB 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" :-)
Title: Re: 2018 FIRE cohort
Post by: SwordGuy 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

Title: Re: 2018 FIRE cohort
Post by: Cherry Lane 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

Title: Re: 2018 FIRE cohort
Post by: Gimesalot 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.
Title: Re: 2018 FIRE cohort
Post by: DTaggart 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
Title: Re: 2018 FIRE cohort
Post by: sol 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

Title: Re: 2018 FIRE cohort
Post by: aperture 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

Title: Re: 2018 FIRE cohort
Post by: semiretired31 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! 
Title: Re: 2018 FIRE cohort
Post by: brooklynguy 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
Title: Re: 2018 FIRE cohort
Post by: MandyM 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.
Title: Re: 2018 FIRE cohort
Post by: davisgang90 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
Title: Re: 2018 FIRE cohort
Post by: homestead neohio 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
Title: Re: 2018 FIRE cohort
Post by: Retire-Canada 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
Title: Re: 2018 FIRE cohort
Post by: NinetyFour 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
Title: Re: 2018 FIRE cohort
Post by: SwordGuy 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
Title: Re: 2018 FIRE cohort
Post by: Monkey Uncle 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
Title: Re: 2018 FIRE cohort
Post by: DTaggart on September 29, 2017, 07:40:18 AM
My update disappeared somewhere along the line so fixing...


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
02/01/18  DTaggart
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  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
Title: Re: 2018 FIRE cohort
Post by: Retire-Canada on September 29, 2017, 07:52:17 AM
I'm not FIREd so I'll just delete myself from the list to keep it simple.

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
02/01/18  DTaggart
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  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
Title: Re: 2018 FIRE cohort
Post by: honeyfill on September 29, 2017, 12:13:40 PM
We moved our date to 6/1 to take advantage of one more month of employee health coverage. I also added my age. I noticed the 2017 FIRE cohort forum had everyone's age and I thought it was interesting to see when everyone is hitting their date.

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
02/01/18  DTaggart
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  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 Markbike528CBX
~06/01/18 Honeyfill  (at 60)
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
[/quote]
Title: Re: 2018 FIRE cohort
Post by: wordnerd on September 29, 2017, 12:38:11 PM
Updated my info

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
02/01/18  DTaggart
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  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
05/04/18  wordnerd and DH (at 30 and 36)
~05/??/18 Markbike528CBX
~06/01/18 Honeyfill  (at 60)
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
Title: Re: 2018 FIRE cohort
Post by: SwordGuy on October 01, 2017, 02:39:24 PM


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
02/01/18  DTaggart
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  FernFree
04/??/18  Gooki
04/??/18  LateStarter
04/??/18  MandyM - Class of 2017
~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/??/18 Markbike528CBX
~06/01/18 Honeyfill  (at 60)
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


Title: Re: 2018 FIRE cohort
Post by: CowboyAndIndian on October 01, 2017, 03:36:58 PM
I think SwordGuy is as OCD as me. I like the way he fixed the columns ;-)

Added my date, moved OLY/OMY to the end.


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  Zinethstache
02/01/18  DTaggart
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  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/??/18 Markbike528CBX
~06/01/18 Honeyfill  (at 60)
06/15/18  DavisGang90
06/29/18  aperture
06/29/18  CowboyAndIndian
06/??/18  Albireo13
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 Freshwater
~07/??/18 SnidelyWhiplashStache
08/??/18  Mr Mark
08/??/18  NorCalistache
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

01/??/18  WannaGoOutside OLY, Moved to 2017 cohort
04/??/18  MandyM - Class of 2017
08/??/18  SpreadsheetMan DW - OMY, moved to 2019 cohort.

Title: Re: 2018 FIRE cohort
Post by: SwordGuy on October 01, 2017, 03:47:42 PM
I think SwordGuy is as OCD as me. I like the way he fixed the columns ;-)

I put font=courier in square brackets at the top of the list, and close the list with a /font in square brackets.
That way, all the letters are the same width so they can line up!
Title: Re: 2018 FIRE cohort
Post by: CowboyAndIndian on October 01, 2017, 07:42:38 PM
I think SwordGuy is as OCD as me. I like the way he fixed the columns ;-)

I put font=courier in square brackets at the top of the list, and close the list with a /font in square brackets.
That way, all the letters are the same width so they can line up!

Yeah, I would do the same. But looks like others remove the font tag when they quote.
Title: Re: 2018 FIRE cohort
Post by: Caoineag on October 02, 2017, 09:00:09 AM

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  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/??/18  Badblackgirl
03/??/18  Clean Shaven
03/??/18  JLTinVA
03/??/18  Sofa King
04/01/18  ZiziPB
04/20/18  NinetyFour
04/??/18  Aegishjalmur
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/??/18 Markbike528CBX
~06/01/18 Honeyfill  (at 60)
06/15/18  DavisGang90
06/29/18  aperture
06/29/18  CowboyAndIndian
06/??/18  Albireo13
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 Freshwater
~07/??/18 SnidelyWhiplashStache
08/??/18  Mr Mark
08/??/18  NorCalistache
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

01/??/18  WannaGoOutside OLY, Moved to 2017 cohort
04/??/18  MandyM - Class of 2017
08/??/18  SpreadsheetMan DW - OMY, moved to 2019 cohort.


Added age and exact date.
Title: Re: 2018 FIRE cohort
Post by: CowboyAndIndian on October 02, 2017, 09:43:59 AM
Interesting that no one wants to fire in September. I guess people want to retire in Spring/Early summer instead of in Fall.
Title: Re: 2018 FIRE cohort
Post by: markbike528CBX on October 02, 2017, 09:52:40 AM
I couldn't see working through a summer, which my favorite time of the year even in the burning hot desert that is Eastern Washington state.   
I'm tentatively planning semi-FIRE, with my fall, winter early spring "side gig" as essentially my current job.
Title: Re: 2018 FIRE cohort
Post by: Retire-Canada on October 02, 2017, 10:05:24 AM
Interesting that no one wants to fire in September. I guess people want to retire in Spring/Early summer instead of in Fall.

If you give me $200K I'll retire right now! I'd be good with a Fall FIRE! ;)
Title: Re: 2018 FIRE cohort
Post by: Aegishjalmur on October 02, 2017, 10:10:22 AM


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  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/??/18  Badblackgirl
03/??/18  Clean Shaven
03/??/18  JLTinVA
03/??/18  Sofa King
04/01/18  ZiziPB
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/??/18 Markbike528CBX
~06/01/18 Honeyfill  (at 60)
06/15/18  DavisGang90
06/29/18  aperture
06/29/18  CowboyAndIndian
06/??/18  Albireo13
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 Freshwater
~07/??/18 SnidelyWhiplashStache
08/??/18  Mr Mark
08/??/18  NorCalistache
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

01/??/18  WannaGoOutside OLY, Moved to 2017 cohort
04/??/18  MandyM - Class of 2017
08/??/18  SpreadsheetMan DW - OMY, moved to 2019 cohort.


Added age. Exact date will depend on when receive incentive payout from work. Once that deposited, will put in 2 weeks. Typically was early April in past years.
Title: Re: 2018 FIRE cohort
Post by: Jon_Snow on October 02, 2017, 10:19:18 AM
Interesting that no one wants to fire in September. I guess people want to retire in Spring/Early summer instead of in Fall.

I FIRE'd in September! (2014). It was LOVELY. :) (granted, I avoided much of the PNW Winter by skipping down to Baja a few times)

I also used this time to get my fitness in order so that by the time Summer rolled around I was ready to hit the ground running.

I heartily recommend September. (Though let's face it, really, there is no BAD time FIRE)
Title: Re: 2018 FIRE cohort
Post by: CowboyAndIndian on October 02, 2017, 11:35:02 AM
I heartily recommend September. (Though let's face it, really, there is no BAD time FIRE)

That is so true. Just thinking of FIRe, my mood improves!
Title: Re: 2018 FIRE cohort
Post by: ZiziPB on October 02, 2017, 11:36:58 AM
Changed my date to reflect the first day of FIRE more precisely and added the age.  I could pull the trigger now but decided to work through March in order to collect another bonus and RSUs that are vesting then.  I think a lot of the planned 1st quarter FIREs are due to bonuses being paid out then.


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  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  ZiziPB (at 50)
03/??/18  Badblackgirl
03/??/18  Clean Shaven
03/??/18  JLTinVA
03/??/18  Sofa King
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/??/18 Markbike528CBX
~06/01/18 Honeyfill  (at 60)
06/15/18  DavisGang90
06/29/18  aperture
06/29/18  CowboyAndIndian
06/??/18  Albireo13
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 Freshwater
~07/??/18 SnidelyWhiplashStache
08/??/18  Mr Mark
08/??/18  NorCalistache
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

01/??/18  WannaGoOutside OLY, Moved to 2017 cohort
04/??/18  MandyM - Class of 2017
08/??/18  SpreadsheetMan DW - OMY, moved to 2019 cohort.

Title: Re: 2018 FIRE cohort
Post by: markbike528CBX on October 02, 2017, 11:43:37 AM

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  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  ZiziPB (at 50)
03/??/18  Badblackgirl
03/??/18  Clean Shaven
03/??/18  JLTinVA
03/??/18  Sofa King
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
06/29/18  aperture
06/29/18  CowboyAndIndian
06/??/18  Albireo13
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 Freshwater
~07/??/18 SnidelyWhiplashStache
08/??/18  Mr Mark
08/??/18  NorCalistache
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

01/??/18  WannaGoOutside OLY, Moved to 2017 cohort
04/??/18  MandyM - Class of 2017
08/??/18  SpreadsheetMan DW - OMY, moved to 2019 cohort.
Title: Re: 2018 FIRE cohort
Post by: Mr Mark on October 03, 2017, 01:58:09 AM
Confirmed with my boss that I'm pulling the pin in August next year and started interviewing potential replacements. This is starting to feel real. Now just the matter of getting a U.S. visa..
Title: Re: 2018 FIRE cohort
Post by: davisgang90 on October 03, 2017, 06:19:46 AM
Added my age at retirement

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  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  ZiziPB (at 50)
03/??/18  Badblackgirl
03/??/18  Clean Shaven
03/??/18  JLTinVA
03/??/18  Sofa King
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)
06/29/18  aperture
06/29/18  CowboyAndIndian
06/??/18  Albireo13
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 Freshwater
~07/??/18 SnidelyWhiplashStache
08/??/18  Mr Mark
08/??/18  NorCalistache
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

Title: Re: 2018 FIRE cohort
Post by: Gimesalot on October 03, 2017, 08:08:21 AM
Last night we paid the deposit on the apartment for next summer.  Folks, FIRE just got real!  There's no turning back now.
Title: Re: 2018 FIRE cohort
Post by: CowboyAndIndian on October 03, 2017, 08:51:14 AM
Added back the font and the missing OLY/OMY folks (Should we keep them on this list or should they go?)

Also added my age at retirement


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  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  ZiziPB (at 50)
03/??/18  Badblackgirl
03/??/18  Clean Shaven
03/??/18  JLTinVA
03/??/18  Sofa King
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)
06/29/18  aperture
06/29/18  CowboyAndIndian (at 59)
06/??/18  Albireo13
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 Freshwater
~07/??/18 SnidelyWhiplashStache
08/??/18  Mr Mark
08/??/18  NorCalistache
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
Title: Re: 2018 FIRE cohort
Post by: sol on October 03, 2017, 09:44:28 AM
Added back the font and the missing OLY/OMY folks (Should we keep them on this list or should they go?)

I think they should move to the correct list, and be removed from this list.  No point in having people listed twice when they only retire once.
Title: Re: 2018 FIRE cohort
Post by: CowboyAndIndian on October 03, 2017, 09:48:56 AM
Added back the font and the missing OLY/OMY folks (Should we keep them on this list or should they go?)

I think they should move to the correct list, and be removed from this list.  No point in having people listed twice when they only retiree once.

Makes sense. Done
Title: Re: 2018 FIRE cohort
Post by: Aegishjalmur on October 03, 2017, 02:29:57 PM
My new manager just asked me for my birthday as it's not on her team calendar. It made me more gleeful then it should biting my tongue to avoid telling her it's not something she needs to worry about as I won't be here by then.
Title: Re: 2018 FIRE cohort
Post by: Monkey Uncle on October 03, 2017, 07:10:07 PM
I have my annual performance review tomorrow.  My boss wants me to prepare a training plan and have my annual leave scheduled out for the next year.  I'm currently saving my annual leave so it gets paid out as a lump sum when I leave in early January.  And there is no way in hell I'm going to the trouble to prepare a training plan.  Still not quite sure how I'm going to handle it - maybe complain about having been too busy to get those little tasks done...

I'm not ready to spill the beans yet.  I want to see if I get a performance bonus, and I'm nervous that he'll find a reason not to give me one if he knows I'm leaving.  Oh well, I have until 1:30 Eastern tomorrow to figure it out.
Title: Re: 2018 FIRE cohort
Post by: SwordGuy on October 03, 2017, 08:03:52 PM
I have my annual performance review tomorrow.  My boss wants me to prepare a training plan and have my annual leave scheduled out for the next year.  I'm currently saving my annual leave so it gets paid out as a lump sum when I leave in early January.  And there is no way in hell I'm going to the trouble to prepare a training plan.  Still not quite sure how I'm going to handle it - maybe complain about having been too busy to get those little tasks done...

I'm not ready to spill the beans yet.  I want to see if I get a performance bonus, and I'm nervous that he'll find a reason not to give me one if he knows I'm leaving.  Oh well, I have until 1:30 Eastern tomorrow to figure it out.

Schedule expensive training starting in March.   They won't get back to you...
Title: Re: 2018 FIRE cohort
Post by: Vegasgirl on October 04, 2017, 07:23:37 AM
Is there room on the list to add another for 2018?  I was in the 2019 group but I've been able to inch my way forward to 12/1/2018.  I'm planning for my last day to be 10/3/18 and I'll use up my leave for the remainder of Oct & Nov so I can enjoy the fall and holidays.
Title: Re: 2018 FIRE cohort
Post by: Aegishjalmur on October 04, 2017, 07:32:33 AM
There is always room for one more.
Title: Re: 2018 FIRE cohort
Post by: Vegasgirl on October 04, 2017, 07:56:23 AM
Ok just adding myself in on the list.


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  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  ZiziPB (at 50)
03/??/18  Badblackgirl
03/??/18  Clean Shaven
03/??/18  JLTinVA
03/??/18  Sofa King
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)
06/29/18  aperture
06/29/18  CowboyAndIndian (at 59)
06/??/18  Albireo13
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 Freshwater
~07/??/18 SnidelyWhiplashStache
08/??/18  Mr Mark
08/??/18  NorCalistache
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

[/quote]
Title: Re: 2018 FIRE cohort
Post by: Gimesalot on October 04, 2017, 04:29:14 PM
I have my annual performance review tomorrow.  My boss wants me to prepare a training plan and have my annual leave scheduled out for the next year.  I'm currently saving my annual leave so it gets paid out as a lump sum when I leave in early January.  And there is no way in hell I'm going to the trouble to prepare a training plan.  Still not quite sure how I'm going to handle it - maybe complain about having been too busy to get those little tasks done...

I'm not ready to spill the beans yet.  I want to see if I get a performance bonus, and I'm nervous that he'll find a reason not to give me one if he knows I'm leaving.  Oh well, I have until 1:30 Eastern tomorrow to figure it out.

Monkey Uncle, what ended up happening at your performance review? 
Title: Re: 2018 FIRE cohort
Post by: Monkey Uncle on October 04, 2017, 06:31:35 PM
I have my annual performance review tomorrow.  My boss wants me to prepare a training plan and have my annual leave scheduled out for the next year.  I'm currently saving my annual leave so it gets paid out as a lump sum when I leave in early January.  And there is no way in hell I'm going to the trouble to prepare a training plan.  Still not quite sure how I'm going to handle it - maybe complain about having been too busy to get those little tasks done...

I'm not ready to spill the beans yet.  I want to see if I get a performance bonus, and I'm nervous that he'll find a reason not to give me one if he knows I'm leaving.  Oh well, I have until 1:30 Eastern tomorrow to figure it out.

Monkey Uncle, what ended up happening at your performance review?

I got the highest rating possible, and he never even asked me about the training plan or the annual leave schedule.  LOL.  So I'm guessing I'll be up for that performance bonus after all.  I kind of feel bad about not telling him, though.  He's a good guy, and he obviously relies on me a lot.  My current plan is to give notice around the beginning of November, once I'm absolutely certain that ACA health plans will be available for at least another year.
Title: Re: 2018 FIRE cohort
Post by: Gimesalot on October 05, 2017, 09:32:54 AM
I just found out that the purchase order for my current work will run out at the end of the month.  I am taking two weeks to go visit family in early November.  I guess in a few weeks I will know if I am coming back to a job or not.  Although I could FIRE now, I want to make it until next year so I can keep healthcare.
Title: Re: 2018 FIRE cohort
Post by: aperture on October 06, 2017, 10:14:51 AM
Last week, a coworker died at his desk from a stroke. (Actually he had a seizure at the desk and died over the weekend and we later found out it was a stroke). This has had the effect on me of removing any last doubts about retirement next year. (Not a good thing to be thinking about making plans for "...in case I die at work today")..

So today I met with by boss and let her know I will be retiring next year. She was super cool about it and congratulated me and thanked me for letting her know in time to plan for succession. My situation is different from many in that I will he retire eligible next year and people retire from my company without drama all the time. Anyway, I feel good about having outed myself. It really will help my team to be able to plan. Also, there is less room in my life for any lingering OMY plans to lurk. Best wishes, aperture.
Title: Re: 2018 FIRE cohort
Post by: Retire-Canada on October 06, 2017, 10:39:45 AM
Anyway, I feel good about having outed myself. It really will help my team to be able to plan. Also, there is less room in my life for any lingering OMY plans to lurk. Best wishes, aperture.

Congrats for getting out of the FIRE closet. Sorry to hear about your co-worker. I had one die before he hit 40. You really can't assume you'll more time.
Title: Re: 2018 FIRE cohort
Post by: TartanTallulah on October 06, 2017, 10:57:05 AM
Last week, a coworker died at his desk from a stroke. (Actually he had a seizure at the desk and died over the weekend and we later found out it was a stroke). This has had the effect on me of removing any last doubts about retirement next year. (Not a good thing to be thinking about making plans for "...in case I die at work today")..

So today I met with by boss and let her know I will be retiring next year. She was super cool about it and congratulated me and thanked me for letting her know in time to plan for succession. My situation is different from many in that I will he retire eligible next year and people retire from my company without drama all the time. Anyway, I feel good about having outed myself. It really will help my team to be able to plan. Also, there is less room in my life for any lingering OMY plans to lurk. Best wishes, aperture.

Congratulations :-)

Title: Re: 2018 FIRE cohort
Post by: Monkey Uncle on October 06, 2017, 06:36:22 PM
Last week, a coworker died at his desk from a stroke. (Actually he had a seizure at the desk and died over the weekend and we later found out it was a stroke). This has had the effect on me of removing any last doubts about retirement next year. (Not a good thing to be thinking about making plans for "...in case I die at work today")..

So today I met with by boss and let her know I will be retiring next year. She was super cool about it and congratulated me and thanked me for letting her know in time to plan for succession. My situation is different from many in that I will he retire eligible next year and people retire from my company without drama all the time. Anyway, I feel good about having outed myself. It really will help my team to be able to plan. Also, there is less room in my life for any lingering OMY plans to lurk. Best wishes, aperture.

I'm sorry it took such a tragedy to push you over the edge, but congratulations on making it official.
Title: Re: 2018 FIRE cohort
Post by: aperture on October 07, 2017, 07:19:27 PM
Last week, a coworker died at his desk from a stroke. (Actually he had a seizure at the desk and died over the weekend and we later found out it was a stroke). This has had the effect on me of removing any last doubts about retirement next year. (Not a good thing to be thinking about making plans for "...in case I die at work today")..

So today I met with by boss and let her know I will be retiring next year. She was super cool about it and congratulated me and thanked me for letting her know in time to plan for succession. My situation is different from many in that I will he retire eligible next year and people retire from my company without drama all the time. Anyway, I feel good about having outed myself. It really will help my team to be able to plan. Also, there is less room in my life for any lingering OMY plans to lurk. Best wishes, aperture.

I'm sorry it took such a tragedy to push you over the edge, but congratulations on making it official.

Yes, it feels a bit artificial to not name the deceased in order to maintain my own anonymity, but I will say he did great work and was dedicated to excellence. I feel his absence as both a lost opportunity to have invested better in being a friend and a spur to live courageously.  thanks for all the well wishes, aperture
Title: Re: 2018 FIRE cohort
Post by: yoda34 on October 08, 2017, 02:09:24 PM
So I have an update - I'm not sure what to call my status now....

So I work at a professional services firm in a high paid but very stressful position. Based on the old plan we would have been FI at the end of 2018 (and I would have immediately quit). About three weeks ago I was dealing with some nonsense at work and listening to a senior partner spout some silliness and something inside me just broke - just couldn't do it anymore.

So I went out and found a new job - one that I think I will enjoy much more. No travel, individual contributor, no real day to day manager, and Friday's off 2 times a month - I'm pretty excited. So October 30th is the last day at my current job.

New job pays less but will still be able to hit FI status by 2018. The rub is that they gave me a pretty big signing bonus for the new job (yay) to try and reduce the sting of the massive pay cut I'm taking. The signing bonus however vests over a three year period - which clearly throws a wrench into 2018.

So right now i guess I'm undecided. Will have to see if I like the new job as much as I think I will. I want to track pay and expenses with the new job to make sure we're still on track for FI by 2018, and of course if I stay past 2018 will impact our plans on boat and Great Loop.

I'm not sure how to classify myself now. Oh well.
Title: Re: 2018 FIRE cohort
Post by: Monkey Uncle on October 08, 2017, 02:44:57 PM
Yoda - good for you for making your situation better in a way that works for you.  Not speaking for the others here, but I'd say you're welcome to stick with us until you figure it out one way or another.
Title: Re: 2018 FIRE cohort
Post by: aperture on October 09, 2017, 07:38:23 AM

Congratulations on the position Yoda,  I hope it is lot less stressful.  Whether you RE in 2018 or 2020, the Great Loop should still be there.  Best wishes, aperture.
Title: Re: 2018 FIRE cohort
Post by: ZiziPB on October 09, 2017, 07:48:24 AM
Despite generally liking my job, my manager and co-workers, I can definitely see that these last 6 months will be really hard.  More and more, I feel like I'm serving a prison sentence and just counting down the days.  It doesn't help that there are rumors swirling around and a lot of speculation about a potential corporate transaction that would have a significant impact on my group (lots of work short term but potential job losses long term).  Sometimes I wish I could give my notice now and start a slow transaction process but I have a bonus and RSUs vesting in March and am not willing to take the risk on them.

How are you all holding up?
Title: Re: 2018 FIRE cohort
Post by: CowboyAndIndian on October 09, 2017, 07:59:07 AM
More and more, I feel like I'm serving a prison sentence and just counting down the days.

Exactly the way I feel.

But in my case, I have DW also to worry about who want to OMY. I have made up my mind to FIRe!
Title: Re: 2018 FIRE cohort
Post by: Gimesalot on October 09, 2017, 11:58:22 AM
More and more, I feel like I'm serving a prison sentence and just counting down the days. 

I am less than three months away and it feels worse than when I was years away.  I am obsessively counting days, checking the investment accounts, making plans, etc.  It can't come soon enough.
Title: Re: 2018 FIRE cohort
Post by: MiserlyMiser on October 09, 2017, 01:21:24 PM
Hi all! I am tentatively joining you for a March 2018 ER. Enough time to take my accrued vacation and contribute to my 401k.

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  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  ZiziPB (at 50)
03/??/18  Badblackgirl
03/??/18  Clean Shaven
03/??/18  JLTinVA
03/??/18  Sofa King
03/??/18 MiserlyMiser
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)
06/29/18  aperture
06/29/18  CowboyAndIndian (at 59)
06/??/18  Albireo13
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 Freshwater
~07/??/18 SnidelyWhiplashStache
08/??/18  Mr Mark
08/??/18  NorCalistache
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
Title: Re: 2018 FIRE cohort
Post by: Patches on October 10, 2017, 10:31:26 AM
Despite generally liking my job, my manager and co-workers, I can definitely see that these last 6 months will be really hard.  More and more, I feel like I'm serving a prison sentence and just counting down the days.  It doesn't help that there are rumors swirling around and a lot of speculation about a potential corporate transaction that would have a significant impact on my group (lots of work short term but potential job losses long term).  Sometimes I wish I could give my notice now and start a slow transaction process but I have a bonus and RSUs vesting in March and am not willing to take the risk on them.

How are you all holding up?

I recently switched to 4 days a week.  And I found it greatly helped the "prison sentence" feeling.  That and 3-beer lunches... 

Then again recently I got a rude post-it note on my desk informing me of something I forgot to do and the thought of quitting actually crossed my mind.  FI really skews things... quitting because someone showed me a mistake I made?  haha... I might just be completely checked out over here.  Frankly I'd just rather sit with my kids at home than read post it notes. 

Title: Re: 2018 FIRE cohort
Post by: aperture on October 11, 2017, 02:58:32 PM
I am convinced that one secret of FIRE not easily conferred on the novitiate is just how hard the last year of working is. As late as June (13 months to my RE date), I thought this last year would be my victory lap. I imagined that I would be finishing tasks and able to say "that's the last time I will have to do budgeting or midpoint Evals or whatever. I think I neglected just how little difference there is between 263 days left to FIRE and 261 days left to FIRE and how much crap can fit into that small amount of time.

First  world 1% problem, but so little information out there that prepared me for this year of suck.. (Exception of course is Dr. Doom's amazing blog - so sad it is ended).

I think I am partly depressed, bored, scared, dreaming, trudging - mostly trudging along to the end. Sorry to be such a downer, but I am really tired of renting this space in my head to work. Work is no longer a good tenant. Work is noisy and no longer pays enough rent. I am increasingly a crappy landlord. Sorry - rant. Hope others are feeling better. My best to you all, aperture.
Title: Re: 2018 FIRE cohort
Post by: GettingClose on October 11, 2017, 03:03:48 PM
I love this thread - you guys are really doing it!  So motivating.
Title: Re: 2018 FIRE cohort
Post by: DavidAnnArbor on October 11, 2017, 03:08:45 PM
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  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  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
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)
06/29/18  aperture
06/29/18  CowboyAndIndian (at 59)
06/??/18  Albireo13
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 Freshwater
~07/??/18 SnidelyWhiplashStache
08/??/18  Mr Mark
08/??/18  NorCalistache
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

Won't be renewing my office lease and will be cutting back on work and no more driving to this office.
Title: Re: 2018 FIRE cohort
Post by: happy on October 11, 2017, 03:11:48 PM
Hang in there aperture! One day at a time, one foot after the other. You've come so far, you WILL make it!

Conversely I find I think about the things I will miss about my job, more and more. Most days I quite enjoy a reasonable proportion of my work. Its really the system/context/some personnel that sucks. I do have periods where I feel like you aperture, but only for a few days/weeks  then things will settle again.

Title: Re: 2018 FIRE cohort
Post by: Monkey Uncle on October 11, 2017, 07:18:05 PM
I am convinced that one secret of FIRE not easily conferred on the novitiate is just how hard the last year of working is. As late as June (13 months to my RE date), I thought this last year would be my victory lap. I imagined that I would be finishing tasks and able to say "that's the last time I will have to do budgeting or midpoint Evals or whatever. I think I neglected just how little difference there is between 263 days left to FIRE and 261 days left to FIRE and how much crap can fit into that small amount of time.

First  world 1% problem, but so little information out there that prepared me for this year of suck.. (Exception of course is Dr. Doom's amazing blog - so sad it is ended).

I think I am partly depressed, bored, scared, dreaming, trudging - mostly trudging along to the end. Sorry to be such a downer, but I am really tired of renting this space in my head to work. Work is no longer a good tenant. Work is noisy and no longer pays enough rent. I am increasingly a crappy landlord. Sorry - rant. Hope others are feeling better. My best to you all, aperture.

I'm right there with you, Ap.  Less than three months until the appointed date, and it still feels like it's never going to end.  I'm sure part of it is somewhat irrational worry over things like health care and stock market valuations.  In some ways I still feel like some disaster is going to happen and I'm not going to be able to quit after all.
Title: Re: 2018 FIRE cohort
Post by: MandyM on October 12, 2017, 07:26:14 AM
I am convinced that one secret of FIRE not easily conferred on the novitiate is just how hard the last year of working is. As late as June (13 months to my RE date), I thought this last year would be my victory lap. I imagined that I would be finishing tasks and able to say "that's the last time I will have to do budgeting or midpoint Evals or whatever. I think I neglected just how little difference there is between 263 days left to FIRE and 261 days left to FIRE and how much crap can fit into that small amount of time.

First  world 1% problem, but so little information out there that prepared me for this year of suck.. (Exception of course is Dr. Doom's amazing blog - so sad it is ended).

I think I am partly depressed, bored, scared, dreaming, trudging - mostly trudging along to the end. Sorry to be such a downer, but I am really tired of renting this space in my head to work. Work is no longer a good tenant. Work is noisy and no longer pays enough rent. I am increasingly a crappy landlord. Sorry - rant. Hope others are feeling better. My best to you all, aperture.

I'm right there with you, Ap.  Less than three months until the appointed date, and it still feels like it's never going to end.  I'm sure part of it is somewhat irrational worry over things like health care and stock market valuations.  In some ways I still feel like some disaster is going to happen and I'm not going to be able to quit after all.

This is why I ended up pulling the plug early. I went part time in May and hoped to do that for at least a year. Then I thought, if I can just make it until Sept and get my 401K company contribution, then that will be great. I hit the proverbial wall in July and just had to get out. My last day was July 25. I don't want to be the bearer of bad news, but for me it got worse and worse as the days went by, even after I turned in notice. There were a fair amount of posts about this in the 2017 thread, this one was my favorite:

I'm looking forward to the sadness and nostalgia and feeling all the feels of this life milestone.  It just means we're complicated humans who are alive.  Right now I'm treasuring the security of the paycheck while it lasts and the richness of the anticipation I'm feeling.


I tried very hard to treasure the "richness of the anticipation"...not sure I was successful, but it was a nice goal to have in my head. Good luck!
Title: Re: 2018 FIRE cohort
Post by: Gimesalot on October 12, 2017, 07:37:45 AM
I am convinced that one secret of FIRE not easily conferred on the novitiate is just how hard the last year of working is. As late as June (13 months to my RE date), I thought this last year would be my victory lap. I imagined that I would be finishing tasks and able to say "that's the last time I will have to do budgeting or midpoint Evals or whatever. I think I neglected just how little difference there is between 263 days left to FIRE and 261 days left to FIRE and how much crap can fit into that small amount of time.

First  world 1% problem, but so little information out there that prepared me for this year of suck.. (Exception of course is Dr. Doom's amazing blog - so sad it is ended).

I think I am partly depressed, bored, scared, dreaming, trudging - mostly trudging along to the end. Sorry to be such a downer, but I am really tired of renting this space in my head to work. Work is no longer a good tenant. Work is noisy and no longer pays enough rent. I am increasingly a crappy landlord. Sorry - rant. Hope others are feeling better. My best to you all, aperture.

I agree that there isn't much discussion about the last year or few months before FIRE.  It is really difficult and I am struggling to get through it.  For me, I have started having some problems sleeping and maintaining energy through the day.  To make matters worse, everything at work really gets under my skin because I feel trapped.  The paycheck is no longer enough to keep me satisfied, but I stay for the health insurance.

I am trying to focus more on doing activities that bring me joy, but then I end up staying out late with friends, and end up at work grumpy the next day.  Right now, I have less than 40 early mornings left.
Title: Re: 2018 FIRE cohort
Post by: dividendman on October 12, 2017, 10:29:42 AM
I am convinced that one secret of FIRE not easily conferred on the novitiate is just how hard the last year of working is. As late as June (13 months to my RE date), I thought this last year would be my victory lap. I imagined that I would be finishing tasks and able to say "that's the last time I will have to do budgeting or midpoint Evals or whatever. I think I neglected just how little difference there is between 263 days left to FIRE and 261 days left to FIRE and how much crap can fit into that small amount of time.

First  world 1% problem, but so little information out there that prepared me for this year of suck.. (Exception of course is Dr. Doom's amazing blog - so sad it is ended).

I think I am partly depressed, bored, scared, dreaming, trudging - mostly trudging along to the end. Sorry to be such a downer, but I am really tired of renting this space in my head to work. Work is no longer a good tenant. Work is noisy and no longer pays enough rent. I am increasingly a crappy landlord. Sorry - rant. Hope others are feeling better. My best to you all, aperture.

I agree that there isn't much discussion about the last year or few months before FIRE.  It is really difficult and I am struggling to get through it.  For me, I have started having some problems sleeping and maintaining energy through the day.  To make matters worse, everything at work really gets under my skin because I feel trapped.  The paycheck is no longer enough to keep me satisfied, but I stay for the health insurance.

I am trying to focus more on doing activities that bring me joy, but then I end up staying out late with friends, and end up at work grumpy the next day.  Right now, I have less than 40 early mornings left.

Yeah, I couldn't do the last year and moved my date up about 6 months from March of 2018 to Aug 2017.... but now that I quit life is pretty awesome :)
Title: Re: 2018 FIRE cohort
Post by: CowboyAndIndian on October 12, 2017, 11:08:08 AM
I agree that there isn't much discussion about the last year or few months before FIRE.  It is really difficult and I am struggling to get through it.  For me, I have started having some problems sleeping and maintaining energy through the day.  To make matters worse, everything at work really gets under my skin because I feel trapped.  The paycheck is no longer enough to keep me satisfied, but I stay for the health insurance.

Exactly how I feel.

I am so glad that I a member of this forum and especially this thread. I know what others are going thru and do not feel crazy...
Title: Re: 2018 FIRE cohort
Post by: Vegasgirl on October 12, 2017, 11:19:09 AM
Patches I'm with you except slowly burning leave over this last year so I'm down to a 4 day work week until FIRE.  It's helped, slightly.  At least my clown car commute is only 4 days a week now.
Title: Re: 2018 FIRE cohort
Post by: Aegishjalmur on October 12, 2017, 12:32:59 PM
I'm in death march mode. Just trying to make it through w/out getting fired before I am ready for FIRE. I keep daydreaming about being laid off in March 2018. Well that would reduce my 401K contributions since I will be doing 50% of each paycheck to 401K to squirrel away as much as I can, the severance package would cover a large portion of planned annual expenses(and make prepping house for sale easier).
Title: Re: 2018 FIRE cohort
Post by: ZiziPB on October 12, 2017, 02:50:47 PM
Good to see that I'm not the only one feeling miserable at work...  I think I would go crazy if it wasn't for this forum.

At this point I have zero patience for corporate politics and other crap.  Thank goodness I can pretty much ignore most of it and just do the bare minimum required to comply (not talking about actual work, just the corporate nonsense).
Title: Re: 2018 FIRE cohort
Post by: sol on October 12, 2017, 03:32:23 PM
I suspect that much of this grumbling about the pain of hanging on is mostly due to everyone hitting their target numbers 6-12 months early because of the recent market run.

Like I'm pretty sure that if the market was down 13% YTD instead of up 13% YTD, we would all be mentally preparing to stick it out for another year and convincing ourselves it's really not so bad.

As it is, anyone who joined this thread over a year ago with a specific number in mind is probably already past that number, or at least very close to it.  I know I've been watching our net worth grow by more than our annual base expenses every month or so, and struggling to justify sitting through another performance review, holiday party, unrealistic project deadline, etc.

But I'm trying to keep my chin up and my head in the game.  There is still work to do, and people who count on me.  Maybe the market will take back that which it has given, or maybe I'll have extra dollars to donate to charity.  I'm trying not to let my growing investment balance negatively impact my attitude.

Stay strong, classmates.  Don't jump early without a contingency plan.
Title: Re: 2018 FIRE cohort
Post by: Caoineag on October 12, 2017, 04:03:13 PM
I suspect that much of this grumbling about the pain of hanging on is mostly due to everyone hitting their target numbers 6-12 months early because of the recent market run.

Like I'm pretty sure that if the market was down 13% YTD instead of up 13% YTD, we would all be mentally preparing to stick it out for another year and convincing ourselves it's really not so bad.

...

Part of my problem, is this last year is really a OMY. Life not money requires us to stick out until the spring. So if we were down 20% YTD, we would actually still be set for spring 2018. We have built in quite a few safety nets. I prefer to start our travels in the spring and sell the house in the spring (and I have a housemate that needed sufficient time to find a new place to live) soo..Spring 2018 it is. I always figured that having an extra 20% for a bad retirement start was a requirement. But watching my portfolio earn more than my gross income doesn't help the work motivation...

Worse yet, my coworkers (including those above me) are all periodically reminding me that I am the one with job security because my skill set is so unique here. I am trying to teach them and leave them written instructions on how to do the things I do but I already have one gal threatening to start a petition to cancel my vacation time every time I go on vacation. I am secretly starting a psychological campaign where I try to convince them I am not that vital but they keep giving me dirty looks when I suggest that. My husband is afraid he will need chain cutters to get me out of here once they realize I intend to skip town...What's sad is I derive almost no satisfaction from being "needed", I just want to go play without running the gauntlet of emotional blackmail.
Title: Re: 2018 FIRE cohort
Post by: Patches on October 12, 2017, 04:23:41 PM
I suspect that much of this grumbling about the pain of hanging on is mostly due to everyone hitting their target numbers 6-12 months early because of the recent market run.

Like I'm pretty sure that if the market was down 13% YTD instead of up 13% YTD, we would all be mentally preparing to stick it out for another year and convincing ourselves it's really not so bad.

Stay strong, classmates.  Don't jump early without a contingency plan.

Sol, you are 100% correct in assessing why I feel this way.  I'm currently in the OMY and real estate/stocks have blown me past my number.  My safety net continues to gather strength... yet regardless of how strong it gets the worst case scenario remains the same: if everything blows up I get another job. And that job will feel necessary and result in feelings of joy and a sense of accomplishing something.  Thus, I'm at the moment living my worst case scenario (working) without the added "benefit" of feeling like I need to. 

Currently, the perceived futility of my efforts outweigh the joy I require of my toil.



Title: Re: 2018 FIRE cohort
Post by: honeyfill on October 12, 2017, 04:45:27 PM
Some really great insights today.  They really capture what a lot of us are feeling.  Until last year , Retirement was something off in the nebulous future.  Then I got an inheritance and the stock market  took off.  This summer I ran some numbers and found out I could retire anytime I wanted.  Financially I am ready but it hasn't sunk in mentally yet.  So I started doing some research. I found this site and some other FIRE sites and started going through the  pre-retirement checklists.  Even though I could retire now, it will take me about 9 months to clean up everything so I will feel fully comfortable letting go. Meanwhile, some aspects of work are getting harder and harder to put up with, While other things that used to bother me , I no longer mind. 
Title: Re: 2018 FIRE cohort
Post by: DavidAnnArbor on October 12, 2017, 09:30:07 PM
Financially I am ready but it hasn't sunk in mentally yet.  So I started doing some research. Even though I could retire now, it will take me about 9 months to clean up everything so I will feel fully comfortable letting go. Meanwhile, some aspects of work are getting harder and harder to put up with.

That's completely me.
Title: Re: 2018 FIRE cohort
Post by: TartanTallulah on October 13, 2017, 07:36:55 AM
I suspect that much of this grumbling about the pain of hanging on is mostly due to everyone hitting their target numbers 6-12 months early because of the recent market run.

Like I'm pretty sure that if the market was down 13% YTD instead of up 13% YTD, we would all be mentally preparing to stick it out for another year and convincing ourselves it's really not so bad.

Stay strong, classmates.  Don't jump early without a contingency plan.

Yes! 2018 would be OLY for me (there will have to be a revolution in my line of work for me to stick it out beyond March 2019), the earliest financially realistic date at which I could retire is June 2018, and I've got myself convinced that I mostly quite like my job. But it wouldn't take a very big financial windfall to remind me of all the reasons why I want to get out of this business.

I'm trying to cushion the blow by recruiting someone who can take over some of my work, allowing me to reduce my hours, and be trained up so that I'll scarcely be missed (for a lot of what I do now could be done by someone with less expensive qualifications). I made the suggestion without mentioning retirement, and my colleagues nixed it. Yet when I hand in my notice I expect they'll say, "Why didn't you say something sooner?"
Title: Re: 2018 FIRE cohort
Post by: ZiziPB on October 13, 2017, 08:39:54 AM
I suspect that much of this grumbling about the pain of hanging on is mostly due to everyone hitting their target numbers 6-12 months early because of the recent market run.

Like I'm pretty sure that if the market was down 13% YTD instead of up 13% YTD, we would all be mentally preparing to stick it out for another year and convincing ourselves it's really not so bad.

Stay strong, classmates.  Don't jump early without a contingency plan.

Sol, you are 100% correct in assessing why I feel this way.  I'm currently in the OMY and real estate/stocks have blown me past my number.  My safety net continues to gather strength... yet regardless of how strong it gets the worst case scenario remains the same: if everything blows up I get another job. And that job will feel necessary and result in feelings of joy and a sense of accomplishing something.  Thus, I'm at the moment living my worst case scenario (working) without the added "benefit" of feeling like I need to. 

Currently, the perceived futility of my efforts outweigh the joy I require of my toil.




I am in a similar situation.  I was considering FIREing this year and decided to stick around until March 2018 primarily to ensure that my daughter has properly "launched" after graduating in June 2017.  My target number was $1M in investable assets.  Well, the daughter found a good job and moved out within a couple of months of graduation.  And my stache is now approaching $1.4M.  So no wonder I'm restless at work :-)
Title: Re: 2018 FIRE cohort
Post by: brooklynguy on October 13, 2017, 08:43:54 AM
I suspect that much of this grumbling about the pain of hanging on is mostly due to everyone hitting their target numbers 6-12 months early because of the recent market run.

Yes.  We're all a bunch of cowards trying to rationalize our decision to continue working as something--anything--other than OMY syndrome, plain and simple.  Until now, cognitive dissonance has prevented me from fully and freely admitting to myself that I have already achieved financial independence.  I still plan to stick it out until my predetermined date (because I am still a coward), but I will at least try to be honest with myself about my cowardice and our status as a self-declared financially independent household.
Title: Re: 2018 FIRE cohort
Post by: Gimesalot on October 13, 2017, 10:06:49 AM

Part of my problem, is this last year is really a OMY. Life not money requires us to stick out until the spring.

This a where I am at too.  I am stuck because I need to get some work done on the house before we rent it out, but I don't have time to get the renovations done because I am at work.  I need to keep working to pay for the renovations and health insurance.  It's almost a self perpetuating problem!

I am really glad to know that I am not the only one that is dragging ass every morning to work and that we are mostly struggling with the same issues.
Title: Re: 2018 FIRE cohort
Post by: sol on October 13, 2017, 11:27:10 AM
We're all a bunch of cowards trying to rationalize our decision to continue working as something--anything--other than OMY syndrome,

Maybe we should just change the thread title to "50 people who suddenly have OMY syndrome."
Title: Re: 2018 FIRE cohort
Post by: CanuckExpat on October 13, 2017, 11:37:53 AM
Maybe we should just change the thread title to "50 people who suddenly have OMY syndrome."

Sol's mention of 50 people got me curious to check the numbers for each year (https://forum.mrmoneymustache.com/welcome-to-the-forum/'class-of'cohort-what-year-will-you-fire/) so far:
2015 (https://forum.mrmoneymustache.com/throw-down-the-gauntlet/class-of-2015/msg1162531/#msg1162531) - 19
2016 (https://forum.mrmoneymustache.com/welcome-to-the-forum/class-of-2016/msg1365276/#msg1365276) - 29
2017 (https://forum.mrmoneymustache.com/throw-down-the-gauntlet/target-fire-2017/msg1699337/#msg1699337) - 53 (47 confirmed, 6 pending)
2018 (https://forum.mrmoneymustache.com/welcome-to-the-forum/2018-fire-cohort/msg1729117/#msg1729117) - 68 (all pending)

It goes up every year. (Rough count and all that)
Title: Re: 2018 FIRE cohort
Post by: DavidAnnArbor on October 13, 2017, 04:20:00 PM
I suspect that much of this grumbling about the pain of hanging on is mostly due to everyone hitting their target numbers 6-12 months early because of the recent market run.

Yes.  We're all a bunch of cowards trying to rationalize our decision to continue working as something--anything--other than OMY syndrome, plain and simple.  Until now, cognitive dissonance has prevented me from fully and freely admitting to myself that I have already achieved financial independence.  I still plan to stick it out until my predetermined date (because I am still a coward), but I will at least try to be honest with myself about my cowardice and our status as a self-declared financially independent household.
LOL.  Pure greed here.  2 months of work gain something like an extra $100 per month for life, plus medical.  Seems worth it.  I gave notice to employer last week of my expected Jan date, so they can back fill my position.  Tough to let a great job go.

Sounds like you're saving $15,000 a month, or $180,000 a year.
Title: Re: 2018 FIRE cohort
Post by: cerat0n1a on October 15, 2017, 03:24:11 AM
We're all a bunch of cowards trying to rationalize our decision to continue working as something--anything--other than OMY syndrome,

Maybe we should just change the thread title to "50 people who suddenly have OMY syndrome."

I'm OLY - moved here from the 2019 thread.
Title: Re: 2018 FIRE cohort
Post by: aperture on October 15, 2017, 05:24:31 AM
I suspect that much of this grumbling about the pain of hanging on is mostly due to everyone hitting their target numbers 6-12 months early because of the recent market run.

For me, this last year is about the golden handcuffs. Next June I hit the magic retirement equation threshold and my employer will kick in some added Medicare benefits that start at age 65 (of unknown value) and I will be able to take my pension pay out as a lump sum.

Mostly, I do not look at the our account totals because it can make me crazy whether it goes up or down. If stocks are going up like crazy, I can feel like I missed the boat with my bond allocation. If they are flat or go down, I worry that I am getting out just as the market is about to fall off a cliff (why I have  a bond allocation).  Either way, I can talk myself into not sleeping, so I only look at the accounts 2 times a year. 

So glad for all the responses talking about how much work really bites in the last year.  I feel far less whiny knowing that my pain is shared by such illustrious company.  Presently, I am hanging in there until Thanksgiving week when I am taking the whole week off.  Then it is just 4 weeks of work until Christmas (another week off). I like the idea of taking one day a week off.  I am going to make that my plan for 2018.  I will do the math once I am back at my cubicle with my spreadsheets.
Title: Re: 2018 FIRE cohort
Post by: chasesfish on October 15, 2017, 09:22:57 AM
The debate of June 2018 or March 2019 rages on as the dates approach.   Stay tuned...
Title: Re: 2018 FIRE cohort
Post by: Monkey Uncle on October 15, 2017, 02:28:15 PM
We're all a bunch of cowards trying to rationalize our decision to continue working as something--anything--other than OMY syndrome,

Maybe we should just change the thread title to "50 people who suddenly have OMY syndrome."

I'm coming down the home stretch in my O-and-a-half MY.  I reached minimal FI in mid 2016, but decided to stick around at least until after the election, just for a little more padding, and also just in case something crazy happened that would impact the Affordable Care Act (ahem).  Then it became "I'll hang on until I see what comes after the ACA." (double ahem).  When it became apparent that we weren't going to find out quickly, I told myself that if the ACA still exists in any functional form at all, I'm bailing at the beginning of 2018. 

At this point I've built up a fairly comfortable buffer beyond my current spending level, but if I suddenly had to pay 20 or 25 grand a year for health insurance, I would no longer be FI.  I won't deny that when the most recent ACA shenanigans unfolded last week, I thought about pushing my date out yet again.  But instead, I think I'm going to set up a LLC, call myself a consultant, and do just enough so that everyone in my professional network doesn't forget about me.  Then, if I suddenly have to pay full price for health insurance, hopefully I can ramp that up into a PT gig that generates 10 or 15k a year.
Title: Re: 2018 FIRE cohort
Post by: DavidAnnArbor on October 16, 2017, 04:58:47 AM
We're all a bunch of cowards trying to rationalize our decision to continue working as something--anything--other than OMY syndrome,

Maybe we should just change the thread title to "50 people who suddenly have OMY syndrome."

I'm coming down the home stretch in my O-and-a-half MY.  I reached minimal FI in mid 2016, but decided to stick around at least until after the election, just for a little more padding, and also just in case something crazy happened that would impact the Affordable Care Act (ahem).  Then it became "I'll hang on until I see what comes after the ACA." (double ahem).  When it became apparent that we weren't going to find out quickly, I told myself that if the ACA still exists in any functional form at all, I'm bailing at the beginning of 2018. 

At this point I've built up a fairly comfortable buffer beyond my current spending level, but if I suddenly had to pay 20 or 25 grand a year for health insurance, I would no longer be FI.  I won't deny that when the most recent ACA shenanigans unfolded last week, I thought about pushing my date out yet again.  But instead, I think I'm going to set up a LLC, call myself a consultant, and do just enough so that everyone in my professional network doesn't forget about me.  Then, if I suddenly have to pay full price for health insurance, hopefully I can ramp that up into a PT gig that generates 10 or 15k a year.

That sounds like a sensible plan.
Title: Re: 2018 FIRE cohort
Post by: Vegasgirl on October 16, 2017, 05:48:53 AM
I'm actually in the same boat as chasesfish.  My internal debate right now is either 12/1/18 (with may last working day being Oct 3 because of leave usage) or 4/1/19 (with my last working day being Feb 6 because of leave usage).  Yes this year has been a bumper year for my stash, but staying those first 3 mos of 2019 lets me add $18k more to the stash tax deferred, then I'd be out.  My thought is I'll wait until next summer to make the final decision, see how I feel and how things are going.
Title: Re: 2018 FIRE cohort
Post by: pecunia on October 16, 2017, 07:39:19 PM
Thinking very very strongly about pullin' the plug next year.  Heck - I'll even be at the right age where people won't question it, i.e. 62.  Maybe in July or maybe wait until the end of the year.  Does one go with more free time or go with more toys?  Been very frugal for the past 30 years or so.  I think I've paid my dues.
Title: Re: 2018 FIRE cohort
Post by: CowboyAndIndian on October 16, 2017, 07:51:58 PM
Welcome Pecunia.

Go for it, Give us your date and we'll add you to the list.
Title: The countdown begins!
Post by: JumboShrimp on October 19, 2017, 08:37:47 AM
FIRE date: Oct 5 2018

Can't believe I'm here!

Stumbled across MMM in 2013 after a brutal layoff from a company I thought I would be at until I retired. I was completely devastated. At that point I vowed I would NEVER leave my future in the hands of others. Fortunately I have always been a frugal lad, so following the Mustachian path was more about smart investing than anything else. It sure didn't hurt that the next job I got paid 25% more. Started maxing out the 401(k) and IRA contributions, moved the cash I was sitting on into index funds and went for >50% total savings rate. According to Vanguard my investment income for the last year was equal to after tax income.
Booyah!!!

According to FireCalc right now I am at 95% chance of success (including SS starting in 2023) which is really making it tough to work since I cannot stand my current position. I am sticking it out because part of my plan is to add some rental properties to the mix which will be a lot easier while I have W2 income.

I picked October 5 because I scored a Grand Canyon rafting permit with a launch date of October 10 2018 so that makes a nice hard stop. A month on that trip and probably a month or two of rock climbing in Greece after that. And then spend some time in Spain attempting to learn flamenco guitar.

Got my fingers crossed that the health care situation doesn't implode. Stocks could take a dump, but I am hoping rentals will help smooth market volatility. Worst case is to sell or rent the house and move to a lower cost of living area. I am in the Seattle area, housing prices are through the roof so I have a s**t ton of equity to take advantage of.

No I take that back, worst case is going back to work;-)
Title: Re: 2018 FIRE cohort
Post by: CowboyAndIndian on October 19, 2017, 09:38:04 AM
Welcome JumboShrimp

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  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  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
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)
06/29/18  aperture
06/29/18  CowboyAndIndian (at 59)
06/??/18  Albireo13
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 Freshwater
~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
Title: Re: The countdown begins!
Post by: Gimesalot on October 19, 2017, 10:29:48 AM

I picked October 5 because I scored a Grand Canyon rafting permit with a launch date of October 10 2018 so that makes a nice hard stop. A month on that trip and probably a month or two of rock climbing in Greece after that. And then spend some time in Spain attempting to learn flamenco guitar.


What an amazing start to FIRE!
Title: Re: 2018 FIRE cohort
Post by: pecunia on October 19, 2017, 06:28:23 PM
Seems like a good list to be on.  Yah - a very good list.

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  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  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
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)
06/29/18  aperture
06/29/18  CowboyAndIndian (at 59)
06/??/18  Albireo13
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 Freshwater
~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

Just got to get me through the next 8 months and 18 days and I should be at the guarantee point.

When you think about it doesn't it just send a euphoric sense of peace all over you?  I've always felt like I was a human ping pong ball in the workplace.  Now I'll be able to take a long hike on a nature trail and just feel a sense of one-ness with everything around me.  And,.....I'll be able to do it in the middle of the week, no less, because I won't be working.
Title: Re: 2018 FIRE cohort
Post by: honeyfill on October 20, 2017, 09:57:49 AM
Thought I’d do a progress report on my march to freedom.  I am still planning on retiring June 1 so I can pay off the car and the kitchen remodel. However, Mrs Honeyfill is thinking about moving up her date.  She is may retire as soon as Feb 1.  I am trying to talk her into retiring even sooner.  She makes 60% less than me but has 100% more stress.  I don’t know how she does it.   The earliest we can retire is Jan 1 but I need to stay the rest of the year to take advantage of the max out of pocket on the health care.     
We made good progress on paying down debts this month.  The bathroom remodel is completely paid for, the back porch update and new patio furniture is paid for.  The car repair (damn pack rats) is completely paid for. We also paid off the last of our trip to Montana from last summer. 
I’ve also been getting all our health issues taken care off while Megacorp is still paying .  We hit our maximum out of pocket this year , so everything is “free” the rest of the year.   Saw the eye doctor and got a new pair of   glasses.  Saw the dentist and got a treatment plan to complete all work by the end of the year.  Got my annual check check, I’m in pretty good health for a 60 year old guy but  decided on doing a sleep apnea test and to have a umbilical hernia taken care of. These are both minor  and optional but since they are free , I figured I would do it this year. 
As  several people have noted, Work gets tougher and tougher to handle as the end date gets closer. However, I’m trying to concentrate on the fun stuff and I’m learning to say no.  That helps a lot!
 
Title: Re: 2018 FIRE cohort
Post by: DavidAnnArbor on October 20, 2017, 10:06:42 AM
  decided on doing a sleep apnea test

Anything you can do to get rid of body fat, exercise and diet, helps to improve sleep apnea.
Title: Re: 2018 FIRE cohort
Post by: Mrbeardedbigbucks on October 21, 2017, 06:56:53 AM

01/05/18  Gimesalot
01/06/18  Monkey Uncle
01/??/18  FIBy30
01/??/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  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
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)
06/29/18  aperture
06/29/18  CowboyAndIndian (at 59)
06/??/18  Albireo13
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 Freshwater
~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

Letter sent to HR for 1/15 last day of work.

I believe I can be added to this list. The plan right now is 3/31/18. This is contingent on the state of the ACA. My wife and I will rely on health care exchanges for our coverage. We've added room in our budget for premiums to increase but if premiums become too expensive then I don't know.

I'm 44 and my wife is 39.

My questions for anyone planning to FIRE in 2017 or 2018:

1. If we're retiring at the tail end of this bull market, what are you doing to mitigate sequence of returns risk? Do you continue to work and just grind it out through a bear market? What if that bear lasts 2-3 years? Are your assets at the point where you can absorb a big downturn and still be safely in your expected withdrawal rate?

2. If you're relying on the ACA for coverage, how much more are you budgeting for premium increases?

Sorry to be a downer but these are the two biggest issues weighing on my mind. Maybe these questions are best for a separate thread but just thought I'd throw it out there.

Title: Re: 2018 FIRE cohort
Post by: CowboyAndIndian on October 21, 2017, 07:39:04 AM
Welcome Mrbeardedbigbucks!


01/05/18  Gimesalot
01/06/18  Monkey Uncle
01/??/18  FIBy30
01/??/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
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)
06/29/18  aperture
06/29/18  CowboyAndIndian (at 59)
06/??/18  Albireo13
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 Freshwater
~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



Title: Re: 2018 FIRE cohort
Post by: Monkey Uncle on October 21, 2017, 03:16:08 PM

My questions for anyone planning to FIRE in 2017 or 2018:

1. If we're retiring at the tail end of this bull market, what are you doing to mitigate sequence of returns risk? Do you continue to work and just grind it out through a bear market? What if that bear lasts 2-3 years? Are your assets at the point where you can absorb a big downturn and still be safely in your expected withdrawal rate?

2. If you're relying on the ACA for coverage, how much more are you budgeting for premium increases?

Sorry to be a downer but these are the two biggest issues weighing on my mind. Maybe these questions are best for a separate thread but just thought I'd throw it out there.

1.  Well, no one really knows if we're at the tail end of the bull market or not, but history being what it is, it wouldn't be unexpected for a bear market to occur during the first few years for anyone retiring now.  As a hedge, I've worked about 18 months past reaching basic FI status so that I'll be FIREing with a 100% cFiresim success rate, even after allowing for a $10k/yr buffer over basic spending.  So basically I've worked too long, just in case working long enough wasn't really long enough.

2.  If the ACA goes belly up, I'll find a way to earn some supplemental income.  Right now I'm thinking that I'll do some part time consulting.
Title: Re: 2018 FIRE cohort
Post by: Fresh Bread on October 21, 2017, 04:07:10 PM
1. If we're retiring at the tail end of this bull market, what are you doing to mitigate sequence of returns risk? Do you continue to work and just grind it out through a bear market? What if that bear lasts 2-3 years? Are your assets at the point where you can absorb a big downturn and still be safely in your expected withdrawal rate?

2. If you're relying on the ACA for coverage, how much more are you budgeting for premium increases?

1. We'll have 18 months expenses in cash and a diversified income incl. a rental and P2P. Also about 20% of our expenses are luxuries that can be cut out and in a real pinch we could exist on 50%.  In reality, DH would just keep working as he would not be keen to cut out certain luxuries - travel, meals out.
2. We're not in the US.

I don't really know what retirement is going to look like but when I think of free time, I just imagine all the little do-gooding ventures I could start without worrying if they will pay the bills. The closer it gets, the more I think I'll be a sort of non-profit small business SWAMI, able to pay myself a small wage if things get tight.
Title: Re: 2018 FIRE cohort
Post by: SwordGuy on October 21, 2017, 04:34:37 PM
We have diversified passive income streams that mean our stock will be withdrawn at less than a 1% SWR.  After a year or two, we won't have to touch it at all for planned expenses.  (We need to provide for a mentally handicapped daughter so we built a lot more safety factors into our FIRE plan than most of you need.)
Title: Re: 2018 FIRE cohort
Post by: Cookie78 on October 22, 2017, 01:21:29 AM
My questions for anyone planning to FIRE in 2017 or 2018:

1. If we're retiring at the tail end of this bull market, what are you doing to mitigate sequence of returns risk? Do you continue to work and just grind it out through a bear market? What if that bear lasts 2-3 years? Are your assets at the point where you can absorb a big downturn and still be safely in your expected withdrawal rate?

2. If you're relying on the ACA for coverage, how much more are you budgeting for premium increases?

Sorry to be a downer but these are the two biggest issues weighing on my mind. Maybe these questions are best for a separate thread but just thought I'd throw it out there.

1. Sorta FIREd in 2017. My job is still waiting for me to come back in August 2018, which I will have to do for a couple weeks, maybe months until my rental house sells. If bear market is bad by then I may stay an extra 6 months or so for extra cash to invest while there's a sale and a little extra to cover expenses for another year maybe. The biggest mitigation plan is having super low expenses and a nomadic life, as well as the option to work a few temp jobs or side gigs if I feel like it.

2. Canada
Title: Re: 2018 FIRE cohort
Post by: albireo13 on October 22, 2017, 05:55:56 AM
I'm on the list but, have need to switch to 2019.   
Title: Re: 2018 FIRE cohort
Post by: ZiziPB on October 22, 2017, 06:30:35 AM

My questions for anyone planning to FIRE in 2017 or 2018:

1. If we're retiring at the tail end of this bull market, what are you doing to mitigate sequence of returns risk? Do you continue to work and just grind it out through a bear market? What if that bear lasts 2-3 years? Are your assets at the point where you can absorb a big downturn and still be safely in your expected withdrawal rate?

2. If you're relying on the ACA for coverage, how much more are you budgeting for premium increases?

Sorry to be a downer but these are the two biggest issues weighing on my mind. Maybe these questions are best for a separate thread but just thought I'd throw it out there.

Here is a list I put together a while ago to remind myself that I will be OK even if the markets take a downturn after I FIRE:

- no debt, no future financial obligations for children (I have one adult child who is working and supporting herself)
- planning for a withdrawal rate of less than 4%
- using a fairly conservative asset allocation (about 60/40 stocks to fixed income)
- planning to have 3-5 years of basic expenses in I bonds and CDs
- not including SS in FIRE calculations (I'll be 50 when I FIRE so I will get some SS but my numbers work anyway)
- building in flexibility in spending (I have a generous travel budget that can be scaled down or scrapped completely if need be)
- if the absolute worst case scenario happens and we have a complete meltdown of financial markets, I own a small farm where I can grow my own food ;-)

As to the health care costs, I am moving to Europe to live close to my family and will be eligible to be covered by the national health insurance there.  If I decide to return to the US after a few years, I will worry about the costs then.  Hopefully, something will be done with health insurance by then.
Title: Re: 2018 FIRE cohort
Post by: Cheddar Stacker on October 22, 2017, 07:31:40 AM
2. Canada

Ohhhh Caaaanada!
Title: Re: 2018 FIRE cohort
Post by: CowboyAndIndian on October 22, 2017, 10:04:22 AM
Albireo13 goes OMY


01/05/18  Gimesalot
01/06/18  Monkey Uncle
01/??/18  FIBy30
01/??/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
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)
06/29/18  aperture
06/29/18  CowboyAndIndian (at 59)
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 Freshwater
~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

Title: Re: 2018 FIRE cohort
Post by: MaybeBabyMustache on October 23, 2017, 03:48:06 PM
I'm planning to join! I'm hoping for 3/25/18, but 6/25/18 is my second option. I'd like to actually stop working (at the latest) on 6/4, and use vacation to coast the rest of the way there, but we'll see.

My husband will keep working, so we'll move to his insurance (as well as the kids).

I'm getting promoted (ha!) & should have details in the next week or so on increased pay & equity. That might incent me to stay for another month or so. The 3/25 date assumes I have the correct amount saved for taxes after the sale of our rental property. The 6/25 date gives me a little more flex in case we owe more. It also allows me to fund any house projects we're currently considering (solar, electrical upgrade, new deck, etc).

Our plan is to live off of my husband's salary/stock, and for me not to work. Both kids will be out of the house in 7 years, and we will sell our house in our crazy HCOL, and my husband will then be old enough to tap into his retirement. We'll move somewhere significantly cheaper. I have enough saved to cover 7 years exactly (with a super flexible budget) of me not working. I'm open to the idea of picking up work here & there, should something appeal.

So excited/nervous/dreading every day at work. I travel internationally quite a bit, so I've broken my remaining time at work into: days, months, international trips, days away from my family and. . . hours spent on a plane for non-enjoyment. :-)
Title: Re: 2018 FIRE cohort
Post by: MaybeBabyMustache on October 23, 2017, 04:36:00 PM
Let's see if I can do this:
01/05/18  Gimesalot
01/06/18  Monkey Uncle
01/??/18  FIBy30
01/??/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
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/??/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 Freshwater
~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
Title: Re: 2018 FIRE cohort
Post by: momcpa on October 23, 2017, 06:42:48 PM
Let's see if I can do this:
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
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/??/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 Freshwater
~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
Title: Re: 2018 FIRE cohort
Post by: MaybeBabyMustache on October 24, 2017, 07:34:02 AM
Thanks, Momcpa!
Title: Re: 2018 FIRE cohort
Post by: DTaggart on October 24, 2017, 11:28:56 AM
Today the countdown widget on my computer rolled to double digits... 99 days to go!

I also found out yesterday that my husband, who has been teaching a community college class and plans on continuing to do this for a few more years since he enjoys it, picked up a second section of his class for next semester. So we'll have even more extra income to buffer our initial withdrawals.

Our stache is well beyond what I consider necessary thanks to the crazy market run-up, but I am working on amassing an extra wad of cash to do some home improvement projects once I am FIREd and have time/energy to do them. Of course I'm still contributing to all my tax-deferred accounts while still working, and not counting that towards the home improvement money. I'm pretty conservative in my estimates and have a lot of buffers and backup plans in place, but even I am starting to feel like "Holy fuck, this is really more than enough and I should just quit now!!" But I'm pretty sure I won't. 99 more days....
Title: Re: 2018 FIRE cohort
Post by: Gimesalot on October 24, 2017, 12:54:38 PM
I posted a few weeks back about securing housing in Montreal...

Well today, we finally got approved to rent a cabin in Washington State for two months.  So it's real.  There is no backing out now.  Both my husband and I are really ready to get started on FIRE, but I won't lie about us being scared shitless too.  We've done the math, we have the money, we have the flexibility, we have several fallback plans, but still, we are both a little nervous.
Title: Re: 2018 FIRE cohort
Post by: Retire-Canada on October 24, 2017, 01:01:05 PM
...but still, we are both a little nervous.

It's a huge life change on so many levels. Being apprehensive is totally normal. Good luck! I'm jealous. ;)
Title: Re: 2018 FIRE cohort
Post by: aperture on October 25, 2017, 05:23:48 AM
I am sticking out OMY until June, 2018 when I am eligible for full retirement.  Mostly I want to hit full retirement to have access to my pension in the event I determine a better place to use it than leaving it with MegaCorp. There is also a medical benefit that only kicks in when I am 65.  It is some $s to help supplement Medicare and I had not previously thought much of it. 

Monday, I red the fine print of my benefits manual (like you do) and noted this previously unseen language: "Retiree medical benefits for your spouse ...begin when retiree medical benefits begin".  My spouse will not be Medicare eligible when I am (she is 11 years younger), and the manual goes on to specify that in her case, coverage will be "similar to what is offered to an active employee..." Right now, health insurance for active employees is about $600/month and has no deductibles.  On the exchange, I suspect a 55 year old would pay twice as much and have a $3K deductible.

So, I found 11 years of inexpensive health insurance for my spouse this week...

Also, my counter hit 250 days this past weekend. I still feel zero surge of anticipation.  Work is still work.  I am still that guy that is too busy to remember your spouse's name or ask about your kids. But I am working on being different.  I am starting to talk to people more.  Baby steps. 
Title: Re: 2018 FIRE cohort
Post by: Gimesalot on October 25, 2017, 08:36:18 AM
I am sticking out OMY until June, 2018 when I am eligible for full retirement.  Mostly I want to hit full retirement to have access to my pension in the event I determine a better place to use it than leaving it with MegaCorp. There is also a medical benefit that only kicks in when I am 65.  It is some $s to help supplement Medicare and I had not previously thought much of it. 

Monday, I red the fine print of my benefits manual (like you do) and noted this previously unseen language: "Retiree medical benefits for your spouse ...begin when retiree medical benefits begin".  My spouse will not be Medicare eligible when I am (she is 11 years younger), and the manual goes on to specify that in her case, coverage will be "similar to what is offered to an active employee..." Right now, health insurance for active employees is about $600/month and has no deductibles.  On the exchange, I suspect a 55 year old would pay twice as much and have a $3K deductible.

On one hand I feel pissed that the benefits offered by my company are so crappy.  There has never been severance for those being laid off, even after 20 years of service.  There are no retiree benefits.  Now they even added a spousal insurance charge.  On the other hand, I am glad I don't have any golden handcuffs.  The only thing my job provides is health insurance and a paycheck so I can quit whenever.

In your case I would totally stick out the OMY to get sweet health insurance like that.
Title: Re: 2018 FIRE cohort
Post by: honeyfill on October 25, 2017, 08:45:04 AM
I am sticking out OMY until June, 2018 when I am eligible for full retirement.  Mostly I want to hit full retirement to have access to my pension in the event I determine a better place to use it than leaving it with MegaCorp. There is also a medical benefit that only kicks in when I am 65.  It is some $s to help supplement Medicare and I had not previously thought much of it. 

Monday, I red the fine print of my benefits manual (like you do) and noted this previously unseen language: "Retiree medical benefits for your spouse ...begin when retiree medical benefits begin".  My spouse will not be Medicare eligible when I am (she is 11 years younger), and the manual goes on to specify that in her case, coverage will be "similar to what is offered to an active employee..." Right now, health insurance for active employees is about $600/month and has no deductibles.  On the exchange, I suspect a 55 year old would pay twice as much and have a $3K deductible.

So, I found 11 years of inexpensive health insurance for my spouse this week...

Also, my counter hit 250 days this past weekend. I still feel zero surge of anticipation.  Work is still work.  I am still that guy that is too busy to remember your spouse's name or ask about your kids. But I am working on being different.  I am starting to talk to people more.  Baby steps. 


Great news about your wife's health care!  You are lucky about your company's retirement plan.  Our Megacorp cut out all health care benefits for both the employee and the spouse.  This means health care is our biggest unknown.  All we can do is budget a ridiculously large amount for the next 7 years until Mrs. Honeyfill hits 65.  Our back up plans include jiggering withdrawals to maximize Obama Care subsidies or possibly moving to another country for a few years. Does anyone have any other suggestions? (which don't include working longer) :-)
 
Title: Re: 2018 FIRE cohort
Post by: sol on October 25, 2017, 10:59:22 AM
Does anyone have any other suggestions? (which don't include working longer) :-)

The most common plan for Americans in your position is "try not to get sick".
Title: Re: 2018 FIRE cohort
Post by: DTaggart on October 25, 2017, 12:12:07 PM
Well, plan A for me is the ACA with subsidies. If they ruin the ACA, I am hoping that the state of California, where I live and hope to stay, implements something reasonable (I think it will happen eventually, the question is when).

Plan B is to just buy private insurance straight from Kaiser (who we're with now and like), which will certainly put a dent in our discretionary spending, but based on the prices I'm seeing offered now should be manageable (accounting for prices rising with age).

Plans C-F involve some combination of hubby using his VA health care, getting cheaper, crappier plans, selling our house and moving to a lower COL area, earning more money with side hustles, or (worst case scenario) getting a real job again.

I thought long and hard about it and decided I'm willing to take the risk on this. I could spend another 5, 10, 25 years working until our nation pulls its collective head out of its ass long enough to come up with a reasonable solution that helps everyone, or until I have over-saved to such a ridiculous extent that I am prepared to pay sky-high premiums OOP forever,  or I am finally eligible for Medicare (which isn't even a guarantee anymore). But that would GUARANTEE I spend the best remaining years of my life being completely miserable.

I've had two co-workers die in the past year, both of which were quite close to traditional retirement. One was sudden, one spent about 9 months battling cancer. Bottom line is if I have to choose between a longer life span that requires working significantly longer, or a shorter life span where I can get in at least a few healthy years of freedom while I'm still young enough to enjoy it, I'll take quality over quantity.
Title: Re: 2018 FIRE cohort
Post by: honeyfill on October 27, 2017, 10:24:37 AM
Just heard that layoffs are coming in January at Megacorp!! Who knows, I might be moving my date up from June.  Wish me luck everyone.
Title: Re: 2018 FIRE cohort
Post by: DavidAnnArbor on October 27, 2017, 03:14:24 PM
Just heard that layoffs are coming in January at Megacorp!! Who knows, I might be moving my date up from June.  Wish me luck everyone.

If so do you receive a severance package ?
Title: Re: 2018 FIRE cohort
Post by: SwordGuy on October 27, 2017, 08:19:44 PM
Just a tad over 6 months to go for us!  Woot!
Title: Re: 2018 FIRE cohort
Post by: chasesfish on October 28, 2017, 06:01:15 AM
Just heard that layoffs are coming in January at Megacorp!! Who knows, I might be moving my date up from June.  Wish me luck everyone.

I've now missed out on three rounds of layoffs.  Unfortunately our company has a revenue problem, and I lead a team on the revenue side of the house that's performing really well.

A severance package for me would BLOW THROUGH my number...golden parachute style.  There's hundreds of thousands of dollars locked up that I'm going to "walk away" from.  Its basically ransom money, a big chunk of my compensation is a 4-year IOU that they can claw back if I screw up or leave.  The only other way I can get it is to leave and have a competitor buy me out, but if I do that then immediately retire, its an ethical issue and I've wrecked my reputation in the industry for the rest of my life.
Title: Re: 2018 FIRE cohort
Post by: aperture on October 28, 2017, 07:29:27 AM
Just heard that layoffs are coming in January at Megacorp!! Who knows, I might be moving my date up from June.  Wish me luck everyone.

I've now missed out on three rounds of layoffs.  Unfortunately our company has a revenue problem, and I lead a team on the revenue side of the house that's performing really well.

Sigh, my trendy Megacorp is dedicated to people/partnership.  We have not had layoffs in my 14 years.  I am working OMY for my golden parachute. If they would buy me out of my last year by a RIF, I would jump at it.
Title: Re: 2018 FIRE cohort
Post by: honeyfill on October 30, 2017, 09:20:23 AM
No more info on the rumored layoff in January at Megacorp.  However, I just arranged my vacation and holidays for the rest of the year.  I'm taking every Friday off plus the Thanksgiving week plus the Christmas week.  And January 1 to boot.  I'm starting to get into the Retirement mindset!!
Title: Re: 2018 FIRE cohort
Post by: Monkey Uncle on October 30, 2017, 07:03:14 PM
Well, I went and done it.  Today I told the boss, my staff, and my co-workers that I'm leaving, and that January 5 will be my last day at work.

The boss was quiet and puzzled; clearly I caught him off guard.  I like my boss, so that was kinda difficult.

Most of my staff and co-workers, although surprised, were congratulatory.  Several of them openly expressed their envy.  Everybody is overworked and stressed out, so I get the feeling that a lot of folks would like to join me.

No backing out now!
Title: Re: 2018 FIRE cohort
Post by: Retire-Canada on October 30, 2017, 07:06:18 PM
Well, I went and done it. 

Congrats! *hugs*
Title: Re: 2018 FIRE cohort
Post by: CanuckExpat on October 30, 2017, 07:32:47 PM
Contratulations
Title: Re: 2018 FIRE cohort
Post by: SwordGuy on October 30, 2017, 09:06:50 PM
Well, I went and done it.  Today I told the boss, my staff, and my co-workers that I'm leaving, and that January 5 will be my last day at work.

The boss was quiet and puzzled; clearly I caught him off guard.  I like my boss, so that was kinda difficult.

Most of my staff and co-workers, although surprised, were congratulatory.  Several of them openly expressed their envy.  Everybody is overworked and stressed out, so I get the feeling that a lot of folks would like to join me.

No backing out now!

Awesome!   It's got to be a real relief!

6 month's and a day to go for me!

Are you up near the Parkersburg WV area with the big fire?
Title: Re: 2018 FIRE cohort
Post by: Monkey Uncle on October 31, 2017, 04:31:35 AM
Thanks for the congrats, guys.

Swordguy - I'm on the opposite side of the state from Parkersburg, so I haven't seen any impact from the fire.  It was pretty awful, though, from what I hear.  Major health hazard for a lot of people.
Title: Re: 2018 FIRE cohort
Post by: chasesfish on October 31, 2017, 05:37:10 AM
Well, I went and done it.  Today I told the boss, my staff, and my co-workers that I'm leaving, and that January 5 will be my last day at work.

The boss was quiet and puzzled; clearly I caught him off guard.  I like my boss, so that was kinda difficult.

Most of my staff and co-workers, although surprised, were congratulatory.  Several of them openly expressed their envy.  Everybody is overworked and stressed out, so I get the feeling that a lot of folks would like to join me.

No backing out now!

We're quickly coming up on 2018...its about time for a LOT of these posts
Title: Re: 2018 FIRE cohort
Post by: markbike528CBX on October 31, 2017, 08:18:15 AM
I went and got my first personal cell phone (Iphone 3gs).   Feels so weird to be cutting the apron strings of work.  It is a minuscule thing, but really hit me, as others have said, can't back out now.

Also, yesterday I told my successors in office that I was "not working summers anymore".   

I'm not sure that my boss understands the risk of not letting me do sabbatical/furlough etc, as I might not want to come back.   I'm sure has h@ll not coming back at my present rate.   I know what my in-house and external chargeout rate is, and the future rate has got to be closer to those rates than my present gross.    My friend who is in HR (other company) suggested a minimum of 25% raise.
Title: Re: 2018 FIRE cohort
Post by: Acastus on October 31, 2017, 11:24:52 AM
I was trying to FIRE this year, but I chickened out. Please add me to the 2018 roster. I am shooting for March. that way, I have an instant garden project to dig into when I jump ship.
Title: Re: 2018 FIRE cohort
Post by: Gimesalot on October 31, 2017, 11:47:43 AM
Well, I went and done it.  Today I told the boss, my staff, and my co-workers that I'm leaving, and that January 5 will be my last day at work.

The boss was quiet and puzzled; clearly I caught him off guard.  I like my boss, so that was kinda difficult.

Most of my staff and co-workers, although surprised, were congratulatory.  Several of them openly expressed their envy.  Everybody is overworked and stressed out, so I get the feeling that a lot of folks would like to join me.

No backing out now!

Congratulations!!  I'm looking forward to Jan 5 as it is my fire date too!

If you don't mind, could you share more about the discussion wit your boss?  I also have a decent relationship with my boss and I know that he will try to talk me out of quitting because he can't fathom that work is no longer a necessity.
Title: Re: 2018 FIRE cohort
Post by: CowboyAndIndian on October 31, 2017, 01:01:43 PM
Welcome Acastus

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/??/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 Freshwater
~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

Title: Re: 2018 FIRE cohort
Post by: chasesfish on November 01, 2017, 04:33:33 AM
Yesterday was payday, twice a month.  Not that I'm counting, but here are some random things that came to mind:

8 months remaining
16 paychecks remaining
30 actual weeks at the office, excluding the five I'll be gone on vacation
29 ridiculous Monday sales calls
Only 1 executive roadshow to attend and listen to (maybe my questions have less filters, or maybe I'm the perfect corporate soldier that surprises everyone)
One more round of performance reviews to write
4-5 more "coaching" sessions with my boss, which generally involve me coaching him...

Oh, and almost completely compiled my list of builders in the neighborhood to contact about selling my house in a few months....11 currently.

But hey, who's counting anything?
Title: Re: 2018 FIRE cohort
Post by: Monkey Uncle on November 01, 2017, 04:49:14 AM
Well, I went and done it.  Today I told the boss, my staff, and my co-workers that I'm leaving, and that January 5 will be my last day at work.

The boss was quiet and puzzled; clearly I caught him off guard.  I like my boss, so that was kinda difficult.

Most of my staff and co-workers, although surprised, were congratulatory.  Several of them openly expressed their envy.  Everybody is overworked and stressed out, so I get the feeling that a lot of folks would like to join me.

No backing out now!

Congratulations!!  I'm looking forward to Jan 5 as it is my fire date too!

If you don't mind, could you share more about the discussion wit your boss?  I also have a decent relationship with my boss and I know that he will try to talk me out of quitting because he can't fathom that work is no longer a necessity.

It was pretty awkward.  I went into his office first thing in the morning - I already had a meeting scheduled with him on another topic.  I told him I had something else I needed to discuss first, and then blurted out that I am planning on leaving at the end of the year.  He at first thought I meant the end of next year.  He asked if I was sure, and then we had a brief discussion about succession, in which he said he wanted to try to get at least a temporary successor in place before I leave.  Then he changed the subject to our originally scheduled meeting topic.

Later that day, he asked me "what if you change your mind?"  I said I would have re-hire eligibility (I'm a fed).  Then he said "what if you change your mind before you leave?", and I said, "well, I hope you wouldn't fire me."  But I also clarified that I am unlikely to change my mind.

I talked to him again yesterday morning and expressed regret at the way I handled it all.  In retrospect, it would have been better if I had discussed the possibility of leaving with him privately a few months ago, rather than letting him know an hour before I told everyone else.  But at the time I didn't want to let the cat out of the bag prior to knowing for sure that the ACA was going to be around for at least another year.  He was pretty gracious about it, and didn't really seem upset.  He re-iterated his desire for me to stay, but he didn't apply any pressure tactics or bribery.  I think although he doesn't understand my decision, he respects it.
Title: Re: 2018 FIRE cohort
Post by: Mrbeardedbigbucks on November 01, 2017, 04:59:12 AM
Well, I went and done it.  Today I told the boss, my staff, and my co-workers that I'm leaving, and that January 5 will be my last day at work.

The boss was quiet and puzzled; clearly I caught him off guard.  I like my boss, so that was kinda difficult.

Most of my staff and co-workers, although surprised, were congratulatory.  Several of them openly expressed their envy.  Everybody is overworked and stressed out, so I get the feeling that a lot of folks would like to join me.

No backing out now!

Congratulations!!  I'm looking forward to Jan 5 as it is my fire date too!

If you don't mind, could you share more about the discussion wit your boss?  I also have a decent relationship with my boss and I know that he will try to talk me out of quitting because he can't fathom that work is no longer a necessity.

It was pretty awkward.  I went into his office first thing in the morning - I already had a meeting scheduled with him on another topic.  I told him I had something else I needed to discuss first, and then blurted out that I am planning on leaving at the end of the year.  He at first thought I meant the end of next year.  He asked if I was sure, and then we had a brief discussion about succession, in which he said he wanted to try to get at least a temporary successor in place before I leave.  Then he changed the subject to our originally scheduled meeting topic.

Later that day, he asked me "what if you change your mind?"  I said I would have re-hire eligibility (I'm a fed).  Then he said "what if you change your mind before you leave?", and I said, "well, I hope you wouldn't fire me."  But I also clarified that I am unlikely to change my mind.

I talked to him again yesterday morning and expressed regret at the way I handled it all.  In retrospect, it would have been better if I had discussed the possibility of leaving with him privately a few months ago, rather than letting him know an hour before I told everyone else.  But at the time I didn't want to let the cat out of the bag prior to knowing for sure that the ACA was going to be around for at least another year.  He was pretty gracious about it, and didn't really seem upset.  He re-iterated his desire for me to stay, but he didn't apply any pressure tactics or bribery.  I think although he doesn't understand my decision, he respects it.

Congrats! I enjoyed reading that. How old are you..if you don't mind?

You should start a separate thread for "How I quit my job and my bosses reaction". It's always fun to read how it went down.

Title: Re: 2018 FIRE cohort
Post by: edgema on November 01, 2017, 06:08:39 AM
I would love some advice from this group as while it would be great to firmly put us in the 2018 camp, I fear the OMY. Arguably this year is already OMY!

Part of the reason for this fear is a great problem to have. Despite myself it seems that I will hit peak earnings for 2017 and this will largely carry on for 2018. This peak is massively higher than what I was earning five years ago and is a big number. In GBP it will be around £600k pre-tax once you take into account shares I have ‘unlocking’ in the company I work with. This is about 3 times what I was earning 5 years ago and has only really kicked in for the past 2 years due to the shares I have vesting. Further, there was a big boost due to the rising value of USD value of the shares in the US company I work, supercharged by the fall in GBP after the Brexit vote.

These shares have a schedule of vesting, so on current price, I know I will get about £200k work in April 2018 ‘just for keeping the seat warm’. When you throw in that we now have a larger stash, which is also earning a good stable return (rental income) it means that 2018 could be an absolutely huge year for saving – something like £400k after tax. Total net worth is currently around £2m so an opportunity to grow this 20% in a single year and by a big absolute number. It seems a less discussed subject but for many the OMY will also be the biggest year for growing the stash.

It is really tempting to have that extra security as a 41 year old with young kids and hopefully a lot of future ahead.

While the work isn’t hard or long hours, we have moved into a LCOL area a long way from work (as part of the FIRE plan) which is a crazy commute for me and means I don’t see my family for 4 days a week. Walking the dog with my wife we started to discuss this again and she prefers another year, and at times I agree, but I think we are probably both guilty of ending up in a situation where the ‘right’ number will always be the number we have in 12 months’ time. Bear in mind that the overall number is larger now than we expected by 2019 anyway! Not a topic that is comfortable but it is also likely that I will inherit several hundred thousand in the future, hopefully a good while in the future.

We also find it hard to know what life will cost after as our current life has about £40k pre-tax of ‘cost’ which I think will disappear when I hit the button. I can run the spreadsheet saying this but cannot live it on my present set up. We are also not super savers in daily life (only the big things) and definitely not optimized and there is a lot of fat to cut. We tried creating a post-FIRE account which we would live off and separate those expenses there but we didn’t have the discipline to keep to it. 

There have been some threads on golden handcuffs which is sort of what this is but while it is exciting and amazing to have seen the stash grow so amazingly in the past 3 years due to my earnings, on any given day an additional one seems like a small price to pay for the additional safety. I say to myself that the 50-year old me will not beat himself up for only being retired 8 rather than 9 years. On another day I beat myself up for not having the guts to FIRE at a number well above others.

I am embarrassed to say that unlike people with real problems this occupies way too much of my mindspace.
Title: Re: 2018 FIRE cohort
Post by: Retire-Canada on November 01, 2017, 06:48:33 AM
In GBP it will be around £600k pre-tax once you take into account shares I have ‘unlocking’ in the company I work with.

I am generally OMY adverse and I think I'll be able to FIRE without much trouble when I have hit my $$ target, but I feel your pain. If I was making £600k/yr [aka $1M CAD/yr] I can imagine the pull of OMY would be strong as that would be my entire FIRE portfolio value generated in a year!

What worries me in your post is not OMY at 41yrs old, but the fact you mention the target will always be 1 year out meaning it could be many more years.

Ultimately you need to retire towards something not simply stop working. If you and your wife have a shared post-work goal at some point you have to be honest with yourself and say adding more money doesn't help us and losing another year in the prime of our lives is too big a cost. Only you two can come to that conclusion.
Title: Re: 2018 FIRE cohort
Post by: edgema on November 01, 2017, 07:17:12 AM
Sorry I wasn't clear. It is more the fear that to avoid making the scary decision to pull the trigger, that the 'right' number is always be the one you have a year from now, causing a perpetual OMY. As we all are, we are great at convincing ourselves of false reasons that we do things if the real reason is hard to admit. 

I think we have great stuff planned post FIRE. I won't lie about being a little scared of the first days, weeks and months, but I/we have kept a lot of outside interests which I am excited about spending time doing loads more of, not the least simply spending time with the family. 

Most of my fear is monetary as I have never defined myself by my job or status (to a point). I also feel a weight of responsibility toward my family as I have always been the 'money' person in our relationship where my wife trusts me to get it right. While this trust is great, for such a huge decision I would prefer her to dig into the spreadsheets and be a 50% partner in my decision to FIRE. Maybe I need to get her reading these pages to understand we are not alone in this!
Title: Re: 2018 FIRE cohort
Post by: FLStache on November 01, 2017, 07:40:15 AM
Please add me to the list for 2018!  Date still TBD as it is depending on a severance option due to a restructure.  Most likely in Q4.

I'll be 50 and with a mix of taxable accounts, a significant 401k, some IRAs, and the anticipated severance package I'll be FI and ready to live footloose and fancy free!

Looking forward to rooting on everyone else as the year progresses.
Title: Re: 2018 FIRE cohort
Post by: CowboyAndIndian on November 01, 2017, 07:42:26 AM

Welcome FLStache. This group is becoming big ...

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/??/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 Freshwater
~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

Title: Re: 2018 FIRE cohort
Post by: Gimesalot on November 01, 2017, 07:53:56 AM
Thank you for sharing Monkey Uncle.  I am a little nervous about having the discussion with my boss, so your experience is useful to start planing my talk.

Most of my fear is monetary as I have never defined myself by my job or status (to a point). I also feel a weight of responsibility toward my family as I have always been the 'money' person in our relationship where my wife trusts me to get it right.

I can relate to this fear.  Yesterday, I asked my husband to wait to give notice at his job until I get back from vacation.  He asked me why, and honestly, it's because we can still bail on FIRE if we need to.  We'll be out some money for the apartments we rented, but nothing major.  Once he gives notice at his job, that's it.  It's not a rational fear, just a huge emotional one.  We are both retiring to something, but it's still uncomfortable to think about how the accounts that I have been growing for years, will most likely start shrinking.
Title: Re: 2018 FIRE cohort
Post by: edgema on November 01, 2017, 08:25:34 AM
Gimesalot. It isn't entirely irrational depending on your circumstances.

We are all evaluating the risks and rewards of staying versus going and each has both, but I don't think you can weight the options equally if any decision is very hard to reverse. I believe you need to have a higher certainty when a decision is less reversible and has far reaching consequences for your life. Morbid illustration, but if someone asks you to play Russian roulette for $10m, in 5/6ths of the possible futures you are going to be a rich person, but in 1/6 of the possible futures you are dead. You don't play. I find I always focus on the '1/6' risk on FIRE and don't want to risk finding my family there.

My humble opinion is most of the discussion around the 'right' amount is really about how big you are prepared for the '1/6th' to be but maybe I am just a glass half empty person! For me it has to be very very low.

On your 'shrinking stash' point, while I don't like to see myself as Scrooge McDuck counting money, it will indeed be a hard shift to stop seeing the pile of gold grow, or even shrink. For me, that led me to property as we can earn enough in rental income to hopefully not have to touch capital even if that means it is not truly passive and requires us to deal with tenants/repairs.

Good luck!
Title: Re: 2018 FIRE cohort
Post by: Retire-Canada on November 01, 2017, 08:36:35 AM
Most of my fear is monetary as I have never defined myself by my job or status (to a point). I also feel a weight of responsibility toward my family as I have always been the 'money' person in our relationship where my wife trusts me to get it right. While this trust is great, for such a huge decision I would prefer her to dig into the spreadsheets and be a 50% partner in my decision to FIRE. Maybe I need to get her reading these pages to understand we are not alone in this!

(https://farm3.staticflickr.com/2555/32137492394_f092c80db8_b.jpg)

Given that you are retiring in your 40's your chance of running out of $$ is even smaller [red area] than shown above. At some point you need to worry about dying more than running out of money.
Title: Re: 2018 FIRE cohort
Post by: edgema on November 01, 2017, 08:46:14 AM
I hear you Retire-Canada, I really do.....
Title: Re: 2018 FIRE cohort
Post by: TartanTallulah on November 01, 2017, 08:58:40 AM
Sorry I wasn't clear. It is more the fear that to avoid making the scary decision to pull the trigger, that the 'right' number is always be the one you have a year from now, causing a perpetual OMY. As we all are, we are great at convincing ourselves of false reasons that we do things if the real reason is hard to admit. 

My numbers are a fraction of yours, but I'm doing the same. I should really switch from 2019 to 2018, because I'm more or less set on it now, but a part of me thinks, "If I keep working for another year, we'll be able to save another £25,000 (or thereabouts), which is a skiing trip every year for the next decade/lots and lots of concerts/a private joint replacement operation if the NHS stops doing them." Or looking at colleagues in their 60s who have no intention of retiring, and thinking, "What do they know that I don't? They can't all be mistaken about needing to work till they don't have two brain cells to rub together."

Title: Re: 2018 FIRE cohort
Post by: Retire-Canada on November 01, 2017, 09:07:14 AM
My numbers are a fraction of yours, but I'm doing the same. I should really switch from 2019 to 2018, because I'm more or less set on it now, but a part of me thinks, "If I keep working for another year, we'll be able to save another £25,000 (or thereabouts), which is a skiing trip every year for the next decade/lots and lots of concerts/a private joint replacement operation if the NHS stops doing them."

Do you want to add another ski trip to your budget that you can't cover with your current savings? If so and if it's important enough to you to give up another year of your life to work that's a fair reason. It would also point to your current FIRE budget being to restrictive.

Or looking at colleagues in their 60s who have no intention of retiring, and thinking, "What do they know that I don't? They can't all be mistaken about needing to work till they don't have two brain cells to rub together."

They certainly can.
Title: Re: 2018 FIRE cohort
Post by: Vegasgirl on November 01, 2017, 09:33:18 AM
I'd venture to say most folks here have gone back and forth many times on this, I know I have.  I'm struggling to let go of the "what I'm giving up" in favor of the "what I'm gaining"  which is my life back.  I can't put a price on it but like others have said every day I spend at work, is one less day I have for myself regardless of how many days I might have left.  The situation is a little different depending on how you feel about work, right now I am in a bad place with it so my risk threshold might be a little lower than @edgema but I'm still conservative in my estimates.
Title: Re: 2018 FIRE cohort
Post by: sol on November 01, 2017, 10:09:43 AM
It seems a less discussed subject but for many the OMY will also be the biggest year for growing the stash.

We've discussed this quite a bit around here.  You might enjoy revisiting the old discussion about how OMY strikes the rich the hardest (https://forum.mrmoneymustache.com/welcome-to-the-forum/'one-more-year'-strikes-the-rich-the-hardest/). You're certainly a model candidate for illustrating the problem.

And from that thread:
(https://i.imgflip.com/gfkks.jpg)
Title: Re: 2018 FIRE cohort
Post by: TartanTallulah on November 01, 2017, 11:13:30 AM
My numbers are a fraction of yours, but I'm doing the same. I should really switch from 2019 to 2018, because I'm more or less set on it now, but a part of me thinks, "If I keep working for another year, we'll be able to save another £25,000 (or thereabouts), which is a skiing trip every year for the next decade/lots and lots of concerts/a private joint replacement operation if the NHS stops doing them."

Do you want to add another ski trip to your budget that you can't cover with your current savings? If so and if it's important enough to you to give up another year of your life to work that's a fair reason. It would also point to your current FIRE budget being to restrictive.

My current RE budget certainly won't be FI in the sense of, "I'll be able to buy whatever I want without having to think about the cost," and there are plenty of people on here who wouldn't be comfortable with it. But I could work and scrimp till I was 100 and still not have enough invested to give me an unlimited passive income, and essential expenditure will be covered safely with a DB pension so everything else I can put aside counts 100% towards optional spending. A time has to come when I say, "OK, how much would I pay in order NOT to do this job for another year?" and the answer, at the moment, is, "Never go skiing again? Deal!"
Title: Re: 2018 FIRE cohort
Post by: Retire-Canada on November 01, 2017, 11:23:04 AM
A time has to come when I say, "OK, how much would I pay in order NOT to do this job for another year?" and the answer, at the moment, is, "Never go skiing again? Deal!"

I don't disagree with that perspective. I just sold my motorcycle. As a lifelong rider when I first planned for FIRE budgeting for a moto was essential. After a few years of reflection on the opportunity costs of working longer to pay for a moto I decided I could live without one. That said it is statistically quite likely that my portfolio will continue to grow even after FIRE so I may add a moto back into the mix at a later date.
Title: Re: 2018 FIRE cohort
Post by: happy on November 01, 2017, 02:19:35 PM
I've done a few iterations of that theme also, including no more skiing, and FIRE numbers with and without a horse.
Title: Re: 2018 FIRE cohort
Post by: Patches on November 01, 2017, 04:34:52 PM
I went ahead and gave one-year notice to the big cheese.  Pretty exciting for me but uneventful.  Him and I have some real estate investments together and we intend to keep working together on such things... I just won't be showing up to the day job anymore. We left the exact leave date flexible... just when they find and train up the right replacement I'll bow out.  Regardless, by Halloween 2018 I turn into a pumpkin!

It's been fun having some people with similar experiences to share this thing with.  Thank you for all the advice and tips and for being a steady outlet for my experiences. 


Title: Re: 2018 FIRE cohort
Post by: Retire-Canada on November 01, 2017, 04:38:13 PM
I went ahead and gave one-year notice to the big cheese.  P

Congrats! :)
Title: Re: 2018 FIRE cohort
Post by: Fresh Bread on November 01, 2017, 05:37:32 PM
I've done a few iterations of that theme also, including no more skiing, and FIRE numbers with and without a horse.

Without skiing I could retire now but it's non-negotiable :) Luckily I don't want a horse!
Title: Re: 2018 FIRE cohort
Post by: Fresh Bread on November 01, 2017, 05:38:45 PM
Confusingly for the list I changed my name, I was Freshwater.
Title: Re: 2018 FIRE cohort
Post by: CowboyAndIndian on November 01, 2017, 06:11:49 PM
Freshwater -> Fresh Bread

Bread joke as requested in signature :-)

Q: Why doesn't bread like warm weather?
A: Things get Toasty!


(source: http://www.jokes4us.com/miscellaneousjokes/foodjokes/breadjokes.html)


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
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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/??/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

Title: Re: 2018 FIRE cohort
Post by: Monkey Uncle on November 01, 2017, 06:27:17 PM
Well, I went and done it.  Today I told the boss, my staff, and my co-workers that I'm leaving, and that January 5 will be my last day at work.

The boss was quiet and puzzled; clearly I caught him off guard.  I like my boss, so that was kinda difficult.

Most of my staff and co-workers, although surprised, were congratulatory.  Several of them openly expressed their envy.  Everybody is overworked and stressed out, so I get the feeling that a lot of folks would like to join me.

No backing out now!

Congratulations!!  I'm looking forward to Jan 5 as it is my fire date too!

If you don't mind, could you share more about the discussion wit your boss?  I also have a decent relationship with my boss and I know that he will try to talk me out of quitting because he can't fathom that work is no longer a necessity.

It was pretty awkward.  I went into his office first thing in the morning - I already had a meeting scheduled with him on another topic.  I told him I had something else I needed to discuss first, and then blurted out that I am planning on leaving at the end of the year.  He at first thought I meant the end of next year.  He asked if I was sure, and then we had a brief discussion about succession, in which he said he wanted to try to get at least a temporary successor in place before I leave.  Then he changed the subject to our originally scheduled meeting topic.

Later that day, he asked me "what if you change your mind?"  I said I would have re-hire eligibility (I'm a fed).  Then he said "what if you change your mind before you leave?", and I said, "well, I hope you wouldn't fire me."  But I also clarified that I am unlikely to change my mind.

I talked to him again yesterday morning and expressed regret at the way I handled it all.  In retrospect, it would have been better if I had discussed the possibility of leaving with him privately a few months ago, rather than letting him know an hour before I told everyone else.  But at the time I didn't want to let the cat out of the bag prior to knowing for sure that the ACA was going to be around for at least another year.  He was pretty gracious about it, and didn't really seem upset.  He re-iterated his desire for me to stay, but he didn't apply any pressure tactics or bribery.  I think although he doesn't understand my decision, he respects it.

Congrats! I enjoyed reading that. How old are you..if you don't mind?

You should start a separate thread for "How I quit my job and my bosses reaction". It's always fun to read how it went down.

I'm 49.
Title: Re: 2018 FIRE cohort
Post by: Monkey Uncle on November 01, 2017, 06:32:25 PM
Thank you for sharing Monkey Uncle.  I am a little nervous about having the discussion with my boss, so your experience is useful to start planing my talk.

Most of my fear is monetary as I have never defined myself by my job or status (to a point). I also feel a weight of responsibility toward my family as I have always been the 'money' person in our relationship where my wife trusts me to get it right.

I can relate to this fear.  Yesterday, I asked my husband to wait to give notice at his job until I get back from vacation.  He asked me why, and honestly, it's because we can still bail on FIRE if we need to.  We'll be out some money for the apartments we rented, but nothing major.  Once he gives notice at his job, that's it.  It's not a rational fear, just a huge emotional one.  We are both retiring to something, but it's still uncomfortable to think about how the accounts that I have been growing for years, will most likely start shrinking.

I can relate to this fear also - I've been feeling it the last couple of days since I let the cat out of the bag.  But it started to subside some today.  I keep telling myself it's totally irrational.  I reached basic FI a year and a half ago, so now I have a decent buffer, plus I have a backup plan in case the ACA gets axed.  No rational reason to stay.

Like I told a colleague today - I don't want to work until all the active years of my life are gone.  The time has come, and I'm good with the decision.
Title: Re: 2018 FIRE cohort
Post by: honeyfill 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. 
Title: Re: 2018 FIRE cohort
Post by: edgema 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. 
Title: Re: 2018 FIRE cohort
Post by: edgema 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. 
Title: Re: 2018 FIRE cohort
Post by: Monkey Uncle 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.
Title: Re: 2018 FIRE cohort
Post by: edgema on November 02, 2017, 04:56:23 AM
Or to coin a clean version - If it flies or floats, rent it....
Title: Re: 2018 FIRE cohort
Post by: edgema on November 02, 2017, 04:58:37 AM
Or that a boat is a hole in the water to throw money into...
Title: Re: 2018 FIRE cohort
Post by: Gimesalot 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.
Title: Re: 2018 FIRE cohort
Post by: CowboyAndIndian 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.
Title: Re: 2018 FIRE cohort
Post by: edgema 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. 



Title: Re: 2018 FIRE cohort
Post by: Patches 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/
Title: Re: 2018 FIRE cohort
Post by: DTaggart 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.
Title: Re: 2018 FIRE cohort
Post by: Monkey Uncle 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.
Title: Re: 2018 FIRE cohort
Post by: SwordGuy on November 02, 2017, 07:27:21 PM
Six months to go!   Woot!
Title: Re: 2018 FIRE cohort
Post by: pecunia 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.
Title: Re: 2018 FIRE cohort
Post by: GuitarBrian 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.
Title: Re: 2018 FIRE cohort
Post by: Monkey Uncle 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!
Title: Re: 2018 FIRE cohort
Post by: chasesfish on November 05, 2017, 05:50:47 AM
Another week off the list!
Title: Re: 2018 FIRE cohort
Post by: aperture 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  (https://youtu.be/xSvW3Gxd-h0) 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.   
Title: Re: 2018 FIRE cohort
Post by: chasesfish on November 05, 2017, 07:59:44 AM
@ Aperture...

You're speaking my exact same thoughts
Title: Re: 2018 FIRE cohort
Post by: Retire-Canada 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.
Title: Re: 2018 FIRE cohort
Post by: wordnerd on November 05, 2017, 08:55:46 AM
6 months from yesterday :) :)
Title: Re: 2018 FIRE cohort
Post by: aperture 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.
Title: Re: 2018 FIRE cohort
Post by: happy on November 06, 2017, 04:04:40 AM
Less than 12 months now to my LSL!
Title: Re: 2018 FIRE cohort
Post by: CowboyAndIndian 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!
Title: Re: 2018 FIRE cohort
Post by: davisgang90 on November 07, 2017, 06:12:25 AM
2nd to last PRT (Physical Readiness Test) complete.  Just one more in the spring!
Title: Re: 2018 FIRE cohort
Post by: DTaggart 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.
Title: Re: 2018 FIRE cohort
Post by: MaybeBabyMustache 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.
Title: Re: 2018 FIRE cohort
Post by: Monkey Uncle 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!
Title: Re: 2018 FIRE cohort
Post by: GuitarBrian 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 :)
Title: Re: 2018 FIRE cohort
Post by: honeyfill 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.
Title: Re: 2018 FIRE cohort
Post by: Livingthedream55 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).



Title: Re: 2018 FIRE cohort
Post by: DTaggart 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 :)
Title: Re: 2018 FIRE cohort
Post by: TartanTallulah 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.



Title: Re: 2018 FIRE cohort
Post by: Livingthedream55 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!!!
Title: Re: 2018 FIRE cohort
Post by: honeyfill 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. 
Title: Re: 2018 FIRE cohort
Post by: CowboyAndIndian 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

Title: Re: 2018 FIRE cohort
Post by: aperture 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.
Title: Re: 2018 FIRE cohort
Post by: TartanTallulah 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.
Title: Re: 2018 FIRE cohort
Post by: SugarMountain 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.



Title: Re: 2018 FIRE cohort
Post by: CowboyAndIndian 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

Title: Re: 2018 FIRE cohort
Post by: SugarMountain 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.
Title: Re: 2018 FIRE cohort
Post by: Vegasgirl 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.
Title: Re: 2018 FIRE cohort
Post by: Aegishjalmur 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.
Title: Re: 2018 FIRE cohort
Post by: Fresh Bread 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.
Title: Re: 2018 FIRE cohort
Post by: RunningWithScissors 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!
Title: Re: 2018 FIRE cohort
Post by: DavidAnnArbor on November 15, 2017, 06:12:42 PM
Congratulations to you Running
Title: Re: 2018 FIRE cohort
Post by: Monkey Uncle 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.
Title: Re: 2018 FIRE cohort
Post by: Vegasgirl on November 16, 2017, 05:28:20 AM
Congratulations RWS !!!!!
Title: Re: 2018 FIRE cohort
Post by: ZiziPB 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.
Title: Re: 2018 FIRE cohort
Post by: Cherry Lane 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!
Title: Re: 2018 FIRE cohort
Post by: CowboyAndIndian on November 16, 2017, 10:38:20 AM
Welcome to the cohort, RunningWithScissors

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
08/??/18  RunningWithScissors
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
Title: Re: 2018 FIRE cohort
Post by: honeyfill on November 17, 2017, 07:10:25 PM
I've decided to start a journal about preparing for retirement in the last 6 months and (hopefully) enjoying the first 6 months of retirement.  It's called "6 months before and 6 months after"  Anyone who is getting ready to retire in the next couple of years or who has retired in the last couple  is welcome to drop by and take a look. I'll be going through my preparations and will welcome any thoughts on things I'm doing or things I am missing.  I hope we can all learn together. 

A lot has gone on in the last month.  I paid off my daughter's last college loan. She has had a tough time with health but is now recovered and sending out resume's.  My  in-laws are living with us now and my fil was diagnosed with bladder cancer. He is 91 and has not done well the last few years, so this is quite a blow.  My wife and I had a couple of minor procedures because we have already hit max out of pocket so we might has well get them done when they are free. 

Our biggest excitement financially was the decision to  donate to a Donor Advised Fund.  Anyone close to retirement should look into this. Its a great way to get a tax deduction during the last year of high taxable earnings. And you can then use the fund to donate to charities in small doses for years to come, when your income is lower.
Title: Re: 2018 FIRE cohort
Post by: MaybeBabyMustache on November 18, 2017, 07:30:51 PM
I've decided to start a journal about preparing for retirement in the last 6 months and (hopefully) enjoying the first 6 months of retirement.  It's called "6 months before and 6 months after"  Anyone who is getting ready to retire in the next couple of years or who has retired in the last couple  is welcome to drop by and take a look. I'll be going through my preparations and will welcome any thoughts on things I'm doing or things I am missing.  I hope we can all learn together. 

A lot has gone on in the last month.  I paid off my daughter's last college loan. She has had a tough time with health but is now recovered and sending out resume's.  My  in-laws are living with us now and my fil was diagnosed with bladder cancer. He is 91 and has not done well the last few years, so this is quite a blow.  My wife and I had a couple of minor procedures because we have already hit max out of pocket so we might has well get them done when they are free. 

Our biggest excitement financially was the decision to  donate to a Donor Advised Fund.  Anyone close to retirement should look into this. Its a great way to get a tax deduction during the last year of high taxable earnings. And you can then use the fund to donate to charities in small doses for years to come, when your income is lower.

Definitely looking into the DAF. Thanks for recommending! And, looking forward to reading your journal. Hope health improves for everyone!
Title: Re: 2018 FIRE cohort
Post by: Vegasgirl on November 20, 2017, 05:47:36 AM
Thought this was funny. Over the weekend I got word from my MIL that my FIL would be retiring next year.   His last day will be in July at a more typical RE age of 63.  I had an internal chuckle but did not divulge my plans for RE in 2018 also !! Looks like I'll be retiring the same year as my in-laws.  Just gave me a little smile.   
Title: Re: 2018 FIRE cohort
Post by: ZiziPB on November 22, 2017, 07:14:47 AM
So it looks more and more likely that 2018 cohort will be retiring at the top of the market.  I was really hoping for a downturn during 2017 but I don't think my wish will be granted :-)

How are you all feeling about the market situation and the potential for a correction happening immediately after we FIRE?
Title: Re: 2018 FIRE cohort
Post by: DTaggart on November 22, 2017, 07:39:23 AM
How are you all feeling about the market situation and the potential for a correction happening immediately after we FIRE?

It is rather anxiety-producing, but not as much as continuing to work :) I've got two years of expenses in cash and several more in bonds, plus some side hustle income, so hopefully that will be enough.
Title: Re: 2018 FIRE cohort
Post by: homestead neohio on November 22, 2017, 07:46:45 AM
Still hoping for a correction in early 2018 when I can dump in my 2018 tIRA contributions for Mrs. Homestead and me.  I'm well positioned for a correction as I'll have about 2 years in cash and am planning to have some future income outside of the 4% SWR.

If a correction occurs after the firehose of cash is turned off for me, I'm sure I'll briefly think it is a missed opportunity, but then I'll just move on because it is not something I could have influenced.

If it turns into a multi-year bear market, I'll probably try to step up the income to cover all expenses so I'm not cashing out index funds before a recovery in the first few years after I stop the accumulation phase.  I don't think this is very likely, I expect a correction much more than a recession, but of course it is possible and I'll stay flexible.
Title: Re: 2018 FIRE cohort
Post by: Gimesalot on November 22, 2017, 07:48:22 AM
How are you all feeling about the market situation and the potential for a correction happening immediately after we FIRE?

I am not sure that the downturn will happen immediately after we FIRE, it might be a few years out still.  However, I do see that the possibility of a large correction happens right after, so this is what we are doing:

1.  Rental property is expected to produce approximately 45% of our padded FIRE budget
2.  Investments will cover a hair more than our padded FIRE budget (rental income excluded)
3.  Livable FIRE budget is about $9k less than padded budget (DH has committed to making these cuts if necessary)
4.  Bare bones FIRE budget is about $4k less than livable budget (DH has committed to making these cuts if necessary)
5.  I put 2 years worth of livable FIRE investment income into a CD ladder earlier this year
6.  We are prepaying several expenses from next year this year while we are working
7.  Saving this year for healthcare costs next year
8.  We are staying in the United States or close-by in Canada for the first 9 months of FIRE so we can change plans, or we can get work
9.  Once at our first FIRE destination, Argentina, husband and I will both be able to work, and have very easy access to decent paying service industry work through family connections

TL,DR: I am scared about taking the leap, so I made a 9 point list!
Title: Re: 2018 FIRE cohort
Post by: SugarMountain on November 22, 2017, 08:34:02 AM
So it looks more and more likely that 2018 cohort will be retiring at the top of the market.  I was really hoping for a downturn during 2017 but I don't think my wish will be granted :-)

How are you all feeling about the market situation and the potential for a correction happening immediately after we FIRE?

Definitely a concern.  Makes me question how real the value of my stache is.  While it doesn't seem to be quite a bubble like the Nasdaq in 2000, I could definitely see a big correction in the next couple of years, or possibly flat for an extended period of time.
Title: Re: 2018 FIRE cohort
Post by: Caoineag on November 22, 2017, 08:45:47 AM
So it looks more and more likely that 2018 cohort will be retiring at the top of the market.  I was really hoping for a downturn during 2017 but I don't think my wish will be granted :-)

How are you all feeling about the market situation and the potential for a correction happening immediately after we FIRE?

Like most people here have prepped for the sequence of return risk by starting retirement with a chunk of cash to be whittled down over time. We also have the option of cutting expenses to the bare bones and our bare bones is really, really low. I think with all that, we could retire into another Great Recession and still not go broke. I just hope it waits until after I give notice because if it happens before, I might be tempted to OMY and I really am mentally done.
Title: Re: 2018 FIRE cohort
Post by: Retire-Canada on November 22, 2017, 08:46:18 AM
TL,DR: I am scared about taking the leap, so I made a 9 point list!

Your plan sounds more than reasonable. You are going to be just fine. Congrats!
Title: Re: 2018 FIRE cohort
Post by: SwordGuy on November 22, 2017, 09:19:13 AM
TL,DR: I am scared about taking the leap, so I made a 9 point list!

Your plan sounds more than reasonable. You are going to be just fine. Congrats!

Agreed!

We have a multi-point plan, too!

Lots of padding in the budget.
Social Security, Rental House income, and Farm income will cover most of our expenses. 
If we pay off the mortgage early, it will cover all our budget.
Selling a house now so we have several years of cash on hand to increase rental property income or live on without selling stocks.
Flipping another house to raise capital and/or pay off mortgage.
And some other projects we'll do for fun that may bring in income, too.

Title: Re: 2018 FIRE cohort
Post by: Aegishjalmur on November 22, 2017, 09:55:25 AM
So it looks more and more likely that 2018 cohort will be retiring at the top of the market.  I was really hoping for a downturn during 2017 but I don't think my wish will be granted :-)

How are you all feeling about the market situation and the potential for a correction happening immediately after we FIRE?

Well, as discussed farther up thread, many of us here are cowards who were doing OMY.  A potential downturn was definitely part of the mental calculus for why we did that versus pulling the plug sooner. Personally, we will have cash on hand from selling the house and be able to take some time before drawing on the investments to allow the market to recover. Of course, if we do get a decent dip, the temptation will be to try to cut our expenses as much as possible so we can put more of the remaining cash into the market at a lower than current price and reap the benefit when market starts climbing again.
Title: Re: 2018 FIRE cohort
Post by: TartanTallulah on November 22, 2017, 10:06:15 PM
So it looks more and more likely that 2018 cohort will be retiring at the top of the market.  I was really hoping for a downturn during 2017 but I don't think my wish will be granted :-)

How are you all feeling about the market situation and the potential for a correction happening immediately after we FIRE?

Relatively relaxed, because the bones of my retirement income will be a DB pension which will rise with inflation, and I'll have enough cash to allow me to leave my SIPP and S&S ISA untouched for a few years.
Title: Re: 2018 FIRE cohort
Post by: Fresh Bread on November 23, 2017, 12:50:55 AM
I've always suspected that luck has played a massive part in my ability to retire early, but today I got some fairly solid numbers that have really grounded me.

I bought a house in the UK when I was very young in 1998, worth 39,950 pounds. By some freak of the economy, it was one of the few times it was cheaper to buy than rent and I was sick of sharing with randoms. In 2007 I sold that house for 125k.

We were living in Aus by then and put that money into an apartment. We paid off the very small mortgage quickly and a few years ago and for various reasons couldn't stand to live in the apartment anymore so bought a house and rented out the apt as we didn't think it would sell for a good price right then (due to those reasons!)

The value of the apartment close to doubled in 10 yrs (we just sold it). However the house in the UK is only worth about 10% more than I sold it for 10yrs ago.

Total and utter luck in moving money from a property market that crashed in 2008 to a rapidly growing one that barely stuttered in 2008.

The only actual financial decision we've made is selling the apartment at what we think was the peak of the market before what we think will be a flat few years and putting into other investments. The return out of property is very much higher. I have these forums to thank for that.

Kudos to people that have slogged and invested, I feel like a total fraud!
Title: Re: 2018 FIRE cohort
Post by: Monkey Uncle on November 23, 2017, 04:21:54 AM
So it looks more and more likely that 2018 cohort will be retiring at the top of the market.  I was really hoping for a downturn during 2017 but I don't think my wish will be granted :-)

How are you all feeling about the market situation and the potential for a correction happening immediately after we FIRE?

First off, no one really knows how close to the top we are (see: "top is in" thread).  I remember when the '87 crash happened, and then again with the early 90's recession, a lot of people thought the economy was going to hell in a handbasket and that the good times were over.  After all, the bull market was nearly a decade old.  Turned out we had almost a decade to go before it ended.

Now before everyone starts sputtering about the current ridiculous CAPE, complacent VIX, transition from easy money to tight money, and all the other parallels to 1929, 1966, 2000, 2007, etc., let me say that I agree that history, on average, is not on our side, and I think it is wise for 2018 FIREees to be cautious. Therefore, I've worked 12 - 18 months past basic FI, such that I could spend about $10k/yr more than my basic spending level without running out of money, even if another Great Depression or stagflation episode were to occur.  Even so, it is possible that something worse than any of those historical calamities could happen, or that my spending estimate turns out to be wrong, so I'm also open to the idea of earning some part-time income if the need arises.

So yes, I'm being cautious just in case the worst happens, with the knowledge that the most likely outcome is that I'll need to figure out how to get rid of a bunch of money when I'm old and feeble.
Title: Re: 2018 FIRE cohort
Post by: Mrbeardedbigbucks on November 23, 2017, 08:12:29 AM
I'm on the 2018 cohort list and share the same concerns about sequence of returns. Like others, my plan is to have 2-3 years of cash and laddered cd/bonds. I'm also planning on starting with only 50% equities and gradually increase over time (glide path approach), although that's not set in stone.

I have a very simple question but can't seem to find a definitive answer.  At what point should you deploy your cash? Would you start cash withdrawals immediately after retirement until it's close to being depleted?

I read a lot about people saying they will withdraw on their cash in bad years but since the market returns are always looking backward, how do you know we'll have a bad year until it actually happens?

I'm still in the process of figuring out my withdrawal strategy from my assets. If anyone can help with the above question or link me to an existing thread I'd greatly appreciate.
Title: Re: 2018 FIRE cohort
Post by: NinetyFour on November 23, 2017, 08:21:12 AM
I am going to make sure I have about 3 years worth of $$ for living expenses in conservative investments.  But I will leave the bulk of it in equity index funds.  The next few years should be very interesting!
Title: Re: 2018 FIRE cohort
Post by: happy on November 25, 2017, 09:11:47 PM
I have 5 years cash, in my super fund which I will use first. Conservative, yes I know, but at my age I can't afford to rebuild if the big drop arrives.
Title: Re: 2018 FIRE cohort
Post by: rpr on November 25, 2017, 09:56:22 PM
I still have a ways to go before FIRE but had a question for those who keep segregated buckets of cash for X years. It seems to me that if I  looked at all of your financial assets including this cash, isn't it equivalent to having a more conservative asset allocation (due to lower risk tolerance).

What happens if the market drop continues till all of your cash/bonds is exhausted. At this time, wouldn't you have a a very risky portfolio since it would be stock heavy.  The 2000 recession lasted about two+ years while the 2008 recession was about a year and a half.
Title: Re: 2018 FIRE cohort
Post by: Monkey Uncle on November 26, 2017, 04:17:08 AM
I still have a ways to go before FIRE but had a question for those who keep segregated buckets of cash for X years. It seems to me that if I  looked at all of your financial assets including this cash, isn't it equivalent to having a more conservative asset allocation (due to lower risk tolerance).

What happens if the market drop continues till all of your cash/bonds is exhausted. At this time, wouldn't you have a a very risky portfolio since it would be stock heavy.  The 2000 recession lasted about two+ years while the 2008 recession was about a year and a half.

Yes, that's it exactly.  Sort of analogous to those folks who want to live off of just their dividends instead of using a safe withdrawal rate strategy.  They're tricking themselves into being more conservative.

You could achieve the same result as the cash bucket strategy by just increasing the cash/short-term bond percentage of your asset allocation, and then re-balancing as you spend it down.

To your question about ending up with a very risky portfolio as you spend down your cash during a downturn: yes, that's a possible outcome if the downturn lasts long enough.  But this effect will be mitigated by the fact that while you are spending down your cash, your stock allocation is also decreasing due to the declining value of your shares.  Sort of like involuntary rebalancing.  Also, if you do end up stock-heavy at the end of a bear market, that is the least risky time to be stock-heavy.  Not that I advocate market-timing or anything...
Title: Re: 2018 FIRE cohort
Post by: step_away on November 26, 2017, 07:57:02 AM
I'm officially joining this thread with a countdown to 5/4/2018 FIRE date (unless my FU stash takes a dive).

I've had FIRE in mind for a long time (almost since working full-time  - lol), but couldn't seem to commit until now.  The 5/4/2018 FIRE date is set to allow for the receipt of my bonus if any in March and turning in a 1-month notice while benefitting for a full month insurance coverage for May.

I am on an extended OMY as I didn't find my work difficult and would prefer to be laid off with a package as it is hard for me to voluntarily quit the nice salary and benefits. My job however has become increasingly frustrating due to tightening regulations in the corporate banking world coupled with a number of problem accounts in my portfolio.  Having my FU stash on accelerated growth is also not helping me stay motivated at work. 

I've been mentally preparing for early 2018 FIRE for the last few months (ie navel gazing) while strategically maxing out certain dental, vision and medical benefits. Wish me luck in finally making the jump.

ETA: Just noticed that this is my 42 post in MMM - the age I'll be by FIRE date. The stars are aligning....
Title: Re: 2018 FIRE cohort
Post by: Monkey Uncle on November 26, 2017, 08:03:42 AM
I'm officially joining this thread with a countdown to 5/4/2018 FIRE date (unless my FU stash takes a dive).

I've had FIRE in mind for a long time (almost since working full-time  - lol), but couldn't seem to commit until now.  The 5/4/2018 FIRE date is set to allow for the receipt of my bonus if any in March and turning in a 1-month notice while benefitting for a full month insurance coverage for May). 

I am on an extended OMY as I didn't find my work difficult and would prefer to be laid off with a package as it is hard for me to voluntarily quit the nice salary and benefits. My job however has become increasingly frustrating due to tightening regulations in the corporate banking world coupled with a number of problem accounts in my portfolio.  Having my FU stash on accelerated growth is also not helping me stay motivated at work. 

I've been mentally preparing for early 2018 FIRE for the last few months (ie navel gazing) while strategically maxing out certain dental, vision and medical benefits. Wish me luck in finally making the jump.

Congratulations on setting a date!  Best of luck as you cruise in for the landing.
Title: Re: 2018 FIRE cohort
Post by: Retire-Canada on November 26, 2017, 10:26:39 AM
What happens if the market drop continues till all of your cash/bonds is exhausted. At this time, wouldn't you have a a very risky portfolio since it would be stock heavy.  The 2000 recession lasted about two+ years while the 2008 recession was about a year and a half.

Holding broad stock index funds is not really risky, but they can be volatile. If you decided to spend your bond allocation exclusively and that lasted you 2yrs and the market crash lasted 3yrs you would be forced to sell some stocks at low valuations. That's not a big deal as you made it through the first 2 years without doing so and presumably year 4 and beyond the market starts to recover.

You can then rebuild your bond allocation if that's what your investment plans tells you to do so that you'd have more bonds to deal with the next market crash.

Ultimately the market will go up and down over the course of your retirement. Being comfortable with the idea of selling stocks when they are at low valuations is something you will likely have to deal with.
Title: Re: 2018 FIRE cohort
Post by: MaybeBabyMustache on November 26, 2017, 01:20:46 PM
I'm officially joining this thread with a countdown to 5/4/2018 FIRE date (unless my FU stash takes a dive).

I've had FIRE in mind for a long time (almost since working full-time  - lol), but couldn't seem to commit until now.  The 5/4/2018 FIRE date is set to allow for the receipt of my bonus if any in March and turning in a 1-month notice while benefitting for a full month insurance coverage for May.

I am on an extended OMY as I didn't find my work difficult and would prefer to be laid off with a package as it is hard for me to voluntarily quit the nice salary and benefits. My job however has become increasingly frustrating due to tightening regulations in the corporate banking world coupled with a number of problem accounts in my portfolio.  Having my FU stash on accelerated growth is also not helping me stay motivated at work. 

I've been mentally preparing for early 2018 FIRE for the last few months (ie navel gazing) while strategically maxing out certain dental, vision and medical benefits. Wish me luck in finally making the jump.

ETA: Just noticed that this is my 42 post in MMM - the age I'll be by FIRE date. The stars are aligning....

That's my planned age as well step_away! I'm shooting for end of June, 2018. Starting to feel closer, now that 2017 is winding down.
Title: Re: 2018 FIRE cohort
Post by: step_away on November 26, 2017, 01:40:06 PM

ETA: Just noticed that this is my 42 post in MMM - the age I'll be by FIRE date. The stars are aligning....

That's my planned age as well step_away! I'm shooting for end of June, 2018. Starting to feel closer, now that 2017 is winding down.

I thought of moving my FIRE date to 6/1/18 which is a Friday and would mean that I'm covered until end of the June month.  Taking into account the 18 month COBRA, I could then enroll for 2020 medical through ACA with no break in coverage. But given how I'm feeling lately, I'm not sure I want to stay one more month when work will start to really pick up by then.

I'm getting a little antsy and can't believe that I finally have a FIRE date although five months seem to be still a bit far away.
Title: Re: 2018 FIRE cohort
Post by: Fresh Bread on November 26, 2017, 03:04:09 PM
Does anyone else in this cohort have their own business?

I keep flip-flopping between wanting to keep the business (it's usually quite fun) and just work a few hours when I want, to wishing I didn't have to get out of bed so early or deal with the paperwork.

Title: Re: 2018 FIRE cohort
Post by: rpr on November 26, 2017, 03:09:24 PM
I still have a ways to go before FIRE but had a question for those who keep segregated buckets of cash for X years. It seems to me that if I  looked at all of your financial assets including this cash, isn't it equivalent to having a more conservative asset allocation (due to lower risk tolerance).

What happens if the market drop continues till all of your cash/bonds is exhausted. At this time, wouldn't you have a a very risky portfolio since it would be stock heavy.  The 2000 recession lasted about two+ years while the 2008 recession was about a year and a half.

Yes, that's it exactly.  Sort of analogous to those folks who want to live off of just their dividends instead of using a safe withdrawal rate strategy.  They're tricking themselves into being more conservative.

You could achieve the same result as the cash bucket strategy by just increasing the cash/short-term bond percentage of your asset allocation, and then re-balancing as you spend it down.

To your question about ending up with a very risky portfolio as you spend down your cash during a downturn: yes, that's a possible outcome if the downturn lasts long enough.  But this effect will be mitigated by the fact that while you are spending down your cash, your stock allocation is also decreasing due to the declining value of your shares.  Sort of like involuntary rebalancing.  Also, if you do end up stock-heavy at the end of a bear market, that is the least risky time to be stock-heavy.  Not that I advocate market-timing or anything...

Monkey Uncle -- Thanks. I like the ways that you suggest for looking at things.
Title: Re: 2018 FIRE cohort
Post by: MaybeBabyMustache on November 26, 2017, 04:03:20 PM

ETA: Just noticed that this is my 42 post in MMM - the age I'll be by FIRE date. The stars are aligning....

That's my planned age as well step_away! I'm shooting for end of June, 2018. Starting to feel closer, now that 2017 is winding down.

I thought of moving my FIRE date to 6/1/18 which is a Friday and would mean that I'm covered until end of the June month.  Taking into account the 18 month COBRA, I could then enroll for 2020 medical through ACA with no break in coverage. But given how I'm feeling lately, I'm not sure I want to stay one more month when work will start to really pick up by then.

I'm getting a little antsy and can't believe that I finally have a FIRE date although five months seem to be still a bit far away.

My kids are done with school on 6/8, so I'm hoping to make that my last official work day, and then use vacation days to cover me until 6/25 (when I have stock grant vesting). My husband will then add me + the kids onto his work insurance.
Title: Re: 2018 FIRE cohort
Post by: DavidAnnArbor on November 27, 2017, 04:40:26 AM
Does anyone else in this cohort have their own business?

I keep flip-flopping between wanting to keep the business (it's usually quite fun) and just work a few hours when I want, to wishing I didn't have to get out of bed so early or deal with the paperwork.

Yes I have the same conundrum. Sometimes I like my business, and sometimes I don't.
Title: Re: 2018 FIRE cohort
Post by: Mrbeardedbigbucks on November 27, 2017, 06:35:43 AM

To your question about ending up with a very risky portfolio as you spend down your cash during a downturn: yes, that's a possible outcome if the downturn lasts long enough.  But this effect will be mitigated by the fact that while you are spending down your cash, your stock allocation is also decreasing due to the declining value of your shares.  Sort of like involuntary rebalancing.  Also, if you do end up stock-heavy at the end of a bear market, that is the least risky time to be stock-heavy.  Not that I advocate market-timing or anything...

I'm still trying to iron out a sound withdrawal strategy.

We plan on having about 3 years of cash/CD's but still not positive when to start spending the cash. Do you immediately start withdrawing from cash when you retire until it's depleted or do most people wait for the markets to start dropping? If you wait until the downturn, how do we know it's not a normal 10-15% market correction and the markets will eventually recover?

I know there's no one size fit's all withdrawal strategy but I'd like to hear how the 2018 cohort plans on managing withdrawals to generate the income they will need.

Title: Re: 2018 FIRE cohort
Post by: Retire-Canada on November 27, 2017, 08:42:03 AM
We plan on having about 3 years of cash/CD's but still not positive when to start spending the cash. Do you immediately start withdrawing from cash when you retire until it's depleted or do most people wait for the markets to start dropping? If you wait until the downturn, how do we know it's not a normal 10-15% market correction and the markets will eventually recover?

I know there's no one size fit's all withdrawal strategy but I'd like to hear how the 2018 cohort plans on managing withdrawals to generate the income they will need.

I plan to wait until there is a market event to use my bonds/cash/gold asset allocation. There is no way to know anything about the future so you'll have to decide at the time what to do. If you need money to live off of and your stock investments are down 10-15% it seems like a good time to spend cash/bonds. It doesn't have to get worse for that to happen in my opinion. Assuming the market recovers quickly you can always replenish your cash/bond allocation if that's what your investment/withdrawal plan indicates you should do.
Title: Re: 2018 FIRE cohort
Post by: honeyfill on November 27, 2017, 08:46:37 AM
Quote
I'm still trying to iron out a sound withdrawal strategy.

We plan on having about 3 years of cash/CD's but still not positive when to start spending the cash. Do you immediately start withdrawing from cash when you retire until it's depleted or do most people wait for the markets to start dropping? If you wait until the downturn, how do we know it's not a normal 10-15% market correction and the markets will eventually recover?

I know there's no one size fit's all withdrawal strategy but I'd like to hear how the 2018 cohort plans on managing withdrawals to generate the income they will need.


An excellent question, especially for people getting the great majority of their retirement income from stock investments.  This is the general plan I intend to follow:  Pick the withdrawal rate you need and take out 1/12 of that rate per month.
 from your investments. As the market fluctuates, either add to your cash pile with the excess or take from it to meet your monthly income needs.  There are lots of variations to this plan, but the basics are simple.   
 This plan gives you quite a bit of flexibility.  Most people will have two income numbers, a high one to to live the lifestyle they want and a low one which supports the minimum they need to pay the bills and put food on the table.  Say your withdrawal rate is 3.6% to meet your "lifestyle" number. Each month take out 0.3%. ( lets ignore things like quarterly dividend pay outs and yearly distributions.  You can  take that money and spread it out over  several months and adjust your withdrawals accordingly). As long as your income is between your minimum and your "lifestyle"  numbers,  you don't have to do anything.  If your monthly income drops below your minimum , supplement it with money from your cash.  If it goes above your "lifestyle" number, add to your cash pile.   
Title: Re: 2018 FIRE cohort
Post by: sol on November 27, 2017, 08:52:13 AM
I am going to make sure I have about 3 years worth of $$ for living expenses in conservative investments.

I have 5 years cash, in my super fund which I will use first.

We plan on having about 3 years of cash/CD's

I plan to wait until there is a market event to use my bonds/cash/gold asset allocation.

All of you people who are planning to spend down bonds/cash/gold in the event of a stock downturn are setting yourselves up for failure.  What happens when you spend all of your cash down but the market is still dropping?  Then you'll be forced to sell stocks at an even greater loss than you would have had if you had just sold them first.

Rather than trying to time the market by spending down stocks or bonds or cash at any point in the cycle, just keep your allocation constant.  That's the whole point of having an asset allocation, it automatically rebalances for you.  It automatically spends down a larger percentage of your bonds when stocks tank, but not ALL of your bonds so you don't get hosed if the market continues to drop. 

Every time I hear someone on this forum say something like "I keep three years of expenses in cash in case there's a downturn" I just facepalm (https://upload.wikimedia.org/wikipedia/commons/3/3b/Paris_Tuileries_Garden_Facepalm_statue.jpg).  Those people have totally misunderstood the entire point of having an asset allocation that includes both stocks and bonds.  You don't buy or sell one or the other depending on what the market has done recently!  You always keep the allocation percentages constant no matter what happens!  That's how the whole theory of Strategic Asset Allocation generates better returns in the first place!  Don't mess with it!
Title: Re: 2018 FIRE cohort
Post by: Retire-Canada on November 27, 2017, 09:49:32 AM
All of you people who are planning to spend down bonds/cash/gold in the event of a stock downturn are setting yourselves up for failure.  What happens when you spend all of your cash down but the market is still dropping?  Then you'll be forced to sell stocks at an even greater loss than you would have had if you had just sold them first.

If the market keeps dropping for you will take some action that could be any combination of the following:

- sell stocks
- reduce spending
- generate some additional income

You'll have a few years to figure that out before you'd expend your "safety portion" of your portfolio. Let's say you have 3yrs of bonds that you are spending and the event lasts 5yrs and you don't generate any additional income or reduce your spending...in that case you will sell some stocks at a lower value than you would have initially, but you also won't have pulled a significant chunk of 3yrs worth of spending from your stock allocation.

Do you have any sources to back up the "setting yourself up for failure" comment above? Have you read some analysis or done some yourself showing how the approach you are criticising is likely to fail?

Looking at it another way some people are targeting a 100% equities portfolio [ie GCC] is that an example of someone setting themselves up for failure? If so what % of bonds averts failure in your opinion? What about the reverse equity glidepath approach? Starting with a higher portion of bonds and spending them regardless of market conditions to end up with a high % of stocks....perhaps 100%. Starting with a few years of bonds/cash and holding that portion constant then spending that portion during a market crash does not seem to be out of bounds in terms of these other approaches to managing asset allocations and mitigating the early sequence of returns risk.

Maybe I am missing something?
Title: Re: 2018 FIRE cohort
Post by: happy on November 27, 2017, 02:29:30 PM
I haven't completely misunderstood the concept of asset allocation. Its an informed decision. Maybe not the one you would make Sol, but then I don't make your decisions for you.
Title: Re: 2018 FIRE cohort
Post by: Fresh Bread on November 27, 2017, 02:52:12 PM
I'm don't think I'm familiar with strategic allocation strategies to which Sol refers. The bit I don't follow us: If your stocks halved in value then you'd rebalance your asset allocation by spending cash or bonds to gradually bring the cash or bonds % down wouldn't you? Is that what we're all doing just describing it in different ways?

We'll have 18 months cash in the bank and we'll be living on last year's investment income so that we have 12 months to adapt to any changes in dividend income eg not book travel.
Title: Re: 2018 FIRE cohort
Post by: Fresh Bread on November 27, 2017, 03:05:10 PM
Does anyone else in this cohort have their own business?

I keep flip-flopping between wanting to keep the business (it's usually quite fun) and just work a few hours when I want, to wishing I didn't have to get out of bed so early or deal with the paperwork.

Yes I have the same conundrum. Sometimes I like my business, and sometimes I don't.

Hey David! Do you have various options eg go part time, employ a manager, or is it an all or nothing situation?

My business doesn't make enough money for me to pay a manager and therefore is also not a v attractive purchase. It's looking like either I stay and work minimal hours (I have employees) or I close up shop. But then I'd lose friends by leaving people in the lurch. Hard one.
Title: Re: 2018 FIRE cohort
Post by: DavidAnnArbor on November 27, 2017, 03:16:18 PM
Does anyone else in this cohort have their own business?

I keep flip-flopping between wanting to keep the business (it's usually quite fun) and just work a few hours when I want, to wishing I didn't have to get out of bed so early or deal with the paperwork.

Yes I have the same conundrum. Sometimes I like my business, and sometimes I don't.

Hey David! Do you have various options eg go part time, employ a manager, or is it an all or nothing situation?

My business doesn't make enough money for me to pay a manager and therefore is also not a v attractive purchase. It's looking like either I stay and work minimal hours (I have employees) or I close up shop. But then I'd lose friends by leaving people in the lurch. Hard one.

I just work for myself, massage therapist and yoga teacher. Yes I can cut down the workload and that's the direction I'm going. I will be getting rid of an office location early next  year that is a 40 mile drive from me, but closer to the northern suburbs of Detroit. I've been working in that area for the past 20 years, and it will be good to finally close that part of the business down.
Title: Re: 2018 FIRE cohort
Post by: Monkey Uncle on November 27, 2017, 05:09:03 PM
I don't think a withdrawal strategy needs to be all that complicated.  Spend cash when you need to.  Sell some stocks and/or bonds when you run low on cash.  Use those sales as an opportunity to rebalance your asset allocation.  Check once or twice a year to make sure your allocation hasn't gotten too far out of whack.  Rebalance as necessary.

Wax on, wax off.
Title: Re: 2018 FIRE cohort
Post by: Mr Mark on November 27, 2017, 08:37:15 PM
Does anyone else in this cohort have their own business?

I keep flip-flopping between wanting to keep the business (it's usually quite fun) and just work a few hours when I want, to wishing I didn't have to get out of bed so early or deal with the paperwork.

Yes I have the same conundrum. Sometimes I like my business, and sometimes I don't.

Hey David! Do you have various options eg go part time, employ a manager, or is it an all or nothing situation?

My business doesn't make enough money for me to pay a manager and therefore is also not a v attractive purchase. It's looking like either I stay and work minimal hours (I have employees) or I close up shop. But then I'd lose friends by leaving people in the lurch. Hard one.

Why not sell the business?
Title: Re: 2018 FIRE cohort
Post by: Fresh Bread on November 27, 2017, 10:40:40 PM
Does anyone else in this cohort have their own business?

I keep flip-flopping between wanting to keep the business (it's usually quite fun) and just work a few hours when I want, to wishing I didn't have to get out of bed so early or deal with the paperwork.

Yes I have the same conundrum. Sometimes I like my business, and sometimes I don't.

Hey David! Do you have various options eg go part time, employ a manager, or is it an all or nothing situation?

My business doesn't make enough money for me to pay a manager and therefore is also not a v attractive purchase. It's looking like either I stay and work minimal hours (I have employees) or I close up shop. But then I'd lose friends by leaving people in the lurch. Hard one.

Why not sell the business?

I'm not sure it would sell -it makes about 1.25 a FT but quite low income. I already downshifted in 2012, I used to have a well paid but stressful career, so it's a bit of a hobby job in a random niche. I have 3 pt employees, one of them might take it on. I put a thread about my quandary in the entrepreneur section. It's hard to explain what I do without outing myself, there's only a handful of us out there. It's ok, I'll figure it out.
Title: Re: 2018 FIRE cohort
Post by: sol on November 27, 2017, 11:32:01 PM
If your stocks halved in value then you'd rebalance your asset allocation by spending cash or bonds to gradually bring the cash or bonds % down wouldn't you? Is that what we're all doing just describing it in different ways?

Right, but the recommended plan is to spend down your bonds or cash until you reach your original allocation again.  Most people here are saying that if the market tanks, they'll spend ONLY their cash/bond portion until it is gone, to protect their stocks, which is exactly the wrong thing to do.  That increases your risk (by raising your stock percentage) at the exact wrong time.

Yes, please rebalance back to your original desired allocation.  Please do NOT spend down all of your cash/bonds during a recession, as if they were a savings account for you to draw on in times of need.

You can tell which type a person is by the way they phrase their plan.  If they say "I plan to keep 20% of my assets in bonds" then they probably understand the need to restore their bond allocation to 20% in a stock downturn.  If they say "I keep two years of expenses in bonds" then they're probably planning to spend down their bond allocation to zero over the first two years of a downturn.

In any circumstance, including a healthy growing market, during the drawdown phase of your retirement you should always be selling both stocks AND bonds to maintain your chosen AA.  You can temporarily sell all of one or the other if you're trying to rebalance faster, but never spend ALL of one or the other because that would mean you have abandoned your chosen AA.  Unless your chosen AA is 100/0/0, in which case this is a silly discussion.
Title: Re: 2018 FIRE cohort
Post by: Fresh Bread on November 28, 2017, 12:07:04 AM
Hypothetically, if you had a large % of cash, like 40%, and the stock fell significantly in value, you would not only be spending cash for a few years but you would also need to buy more stocks to rebalance. Mentally, that would pretty hard to do when you're out of work and the market is tanking. I don't think I could do it, but I'll still have rental income and a relatively low % of my net worth is in stocks.
Title: Re: 2018 FIRE cohort
Post by: edgema on November 28, 2017, 05:41:41 AM
I would argue there is a big difference to using an asset allocation with re-balance, versus some sort of 'sell your stash' approach. 

To use an asset allocation you decide what makes sense for your personal risk tolerance and then re-balance between asset classes to meet that allocation. If you keep to that model and there is a material move then you sell/buy to re-establish the allocation you decided on. So if you have a 60% equity / 30% bonds / 10% cash allocation and equities drop 20% with nothing else moving, then you will sell some bonds and use a little cash to buy equities and get back to the 60/30/10 ratio.

There is quite a difference between this and what some are saying when they say they will use a 'cash stash' to fund their life and not to touch the equities if they do down. Although this intuitively feels like it protects you from selling equities when they are down you are actually making big market timing decisions. To list a couple of examples you have to 1) decide what equity market decline is large enough for you to start spending your stash rather than re-balance 2) decide when you stop spending your stash and start going back to using an asset allocation 3) decide what to sell if the equity downturn outlasts your stash. These are all market timing decisions and the nice thing about having a long term asset allocation is that you don't have to worry about these things (although this is not saying it is stress free). It naturally has you buying more of an asset class as it goes down and gets cheaper (sounds good!) and then selling them as they go up (also sounds good!).

In part, using an asset allocation approach, is sort of doing the 'use your stash' approach with the key difference being you are doing little and often and on smaller moves to acknowledge the difficulty of timing the top and bottom of markets. It might sound the same, but is quite different.

Some institutional investors try to overlay a 'tactical' asset allocation to allow them to move slightly away from the long-term 'strategic' asset allocation. As someone who works in that industry, lets just say the success of those tactical decisions is pretty patchy.

My two pennies worth is therefore that unless you want to get into the business of partly betting your future on your own ability to time the tops and bottoms of markets then decide on a sensible allocation and stick to it. Personally I think the 100% equities gang are too confident (after an 8-year bull market) in their ability to ignore an equity market decline were it to happen so I have a mix of equity, credit, bonds and property to spread myself out. I will never top the list for returns in any given year but it works for me.
Title: Re: 2018 FIRE cohort
Post by: brooklynguy on November 28, 2017, 08:37:09 AM
Please do NOT spend down all of your cash/bonds during a recession, as if they were a savings account for you to draw on in times of need.

Holding a cash buffer to be spent down during bad years and replenished during good years isn't necessarily a bad strategy.  It's not my cup of tea, but its adherents include some members of this community who are clearly competent in these matters (like Nords).
Title: Re: 2018 FIRE cohort
Post by: Retire-Canada on November 28, 2017, 08:48:24 AM
Yes, please rebalance back to your original desired allocation.  Please do NOT spend down all of your cash/bonds during a recession, as if they were a savings account for you to draw on in times of need.

Sol you haven't provided a compelling explanation for your "setting yourself up for failure" comment in the previous post. If holding various AA's between 100% stocks to say 50%stocks/50%bonds are all valid approaches not to mention AA's the change over time like the reverse equity glidepath approach than it hardly seems gloom and doom to spend down a cash/bonds component of your portfolio during a market event as WR plan.

Beyond that without taking into consideration other factors like %WR and ability to change spending from year to year you can't really assess someone's FIRE plan based on one component.

If there is a fatal flaw to the approach you are criticising please explain it more clearly.

Title: Re: 2018 FIRE cohort
Post by: Retire-Canada on November 28, 2017, 08:59:30 AM
There is quite a difference between this and what some are saying when they say they will use a 'cash stash' to fund their life and not to touch the equities if they do down. Although this intuitively feels like it protects you from selling equities when they are down you are actually making big market timing decisions. To list a couple of examples you have to 1) decide what equity market decline is large enough for you to start spending your stash rather than re-balance 2) decide when you stop spending your stash and start going back to using an asset allocation 3) decide what to sell if the equity downturn outlasts your stash. These are all market timing decisions and the nice thing about having a long term asset allocation is that you don't have to worry about these things (although this is not saying it is stress free). It naturally has you buying more of an asset class as it goes down and gets cheaper (sounds good!) and then selling them as they go up (also sounds good!).

You can simply set a rule that you'll spend your cash/bonds after a market drop of X% and either spend them down to $0 or stop once your portfolio recovers. It's not a hard system to setup.

And frankly if this ^^ constitutes "timing the market" I'll be doing a lot of that in FIRE. I won't be pulling $40K/yr from my initial $1M stash like a robot. If the market crashes I'll put off non-essential spending like luxury travel and replacing my car to keep my spending at say $30K/yr for a bit. Then after a recovery I might decide to spend $50K/yr for a year to replace that car and go on the fancy trip I put off. If things got really bad in the market I might get a PT job to bring in $20K/yr for a few years.

All of that sounds like what you are calling "timing the market", but to me that sounds like a normal set of FIRE decisions.
Title: Re: 2018 FIRE cohort
Post by: edgema on November 28, 2017, 09:42:11 AM
We may just have to disagree on this one as your response prompts more questions than answers for me. Please be aware that I am not listing these to sound aggressive just what comes to my mind.

What is X? How long do equity markets need to be down X or more before I switch into 'cash stash' mode? If equity markets have just gone up very quickly, does X get bigger to reflect that I might only be giving back some recent outsized gains rather than 'losing' money? What do I define as recovery, a new high, in which case for the declines in 2000 or 2008 that would be 5-8 years which is a long time to survive off the cash stash? If X happens very quickly (i.e. spending is not a consideration) what is the logic that I believe a lower equity allocation at that point in time is better (at a cheaper level) than before X happened? If I believe in asset allocation (which as Sol says if you are a 100% equity person this is all moot) then how do I justify rebalancing on the way up but not the way down?

I think it would be very hard pre-define a set of actions you will take in advance that successfully deals with all the scenarios which could occur and you instead end up with a lot of emotion wrapped into the decisions you take. To me that is the great thing about sticking to an allocation as you take all that away as you know what you are going to do in advance and the approach tends to work over time.

Of course it is a complicated interplay between declines / spending. If you happen to spend the exact same amount out of cash/bonds in 2-years as the equity market decline then you have effectively done exactly the same thing as re-balancing.

I agree completely that you may separately reduce or perhaps increase spending based on the overall value of the portfolio but, to me at least, this is related to the size of the pot and not the allocation inside the pot.
Title: Re: 2018 FIRE cohort
Post by: Retire-Canada on November 28, 2017, 09:50:27 AM
I agree completely that you may separately reduce or perhaps increase spending based on the overall value of the portfolio but, to me at least, this is related to the size of the pot and not the allocation inside the pot.

They aren't separate at all. They both are part of your risk management plan. The same decisions required around changing spending are what would drive you decisions around spending your bond/cash allocation. If you can make one set of decisions than you can make the other. If you are arguing that a FIREr can't make any decisions related to the market and their portfolio around spending than that's a fair point although I disagree with it. If you accept they can decide to alter their risk management response by changing spending based on the market than I can't see how you can argue they would be incapable of making reasonable decisions around spending a portion of their portfolio.

Title: Re: 2018 FIRE cohort
Post by: edgema on November 28, 2017, 09:56:15 AM
I don't think there is necessarily a fatal flaw, but I also don't see the approach as an asset allocation approach.

I think you can create scenarios which expose a flaw (perhaps not fatal). Lets say you set your X at 15% and markets drop 16%. Then they rise 10% but do not hit your recovery point (a new high) for 3-years, which is the size of your cash stash. At this point, your allocation is 100% equities because you have sold down everything. Now the market falls another 20% and your whole portfolio is down 20%.

Now of course this is not good for either approach, but if you had rebalanced, you would at least have participated in the 10% gains a little. You would also have been selling down equities a little over the next 3-years to fund life (in proportion with your bonds/cash) so at the point the market declines 20% you have a lower equity allocation than the stash approach so the 20% decline hurts less. Further, after the 20% decline, you have cash and bonds to sell to rebalance into equities at a lower price (happy days). You might even have some gains in your bond portfolio due to 'flight to safety'.

Of course the reality is that if you are 80% or more in equities equities then all of this is pretty incremental as 95% (citation needed) of your risk is in equities anyway.

Title: Re: 2018 FIRE cohort
Post by: edgema on November 28, 2017, 10:05:50 AM
Apologies to others as we are off topic for the 2018 thread. Retire-Canada - that we are even having this debate is showing considerable more concern to the topic when compared to 95% of people. Perhaps we need to start a separate thread to continue to discuss this if we want to.

There is a conflict here as most people on this site would say that they would love a 40% decline in equity markets and would then fill their boots - equity sale here! You may not be one of those but of course that doesn't fit with the stash approach and is much more of an asset allocation approach.


Title: Re: 2018 FIRE cohort
Post by: tooqk4u22 on November 28, 2017, 10:10:34 AM
Yes, please rebalance back to your original desired allocation.  Please do NOT spend down all of your cash/bonds during a recession, as if they were a savings account for you to draw on in times of need.

Sol you haven't provided a compelling explanation for your "setting yourself up for failure" comment in the previous post. If holding various AA's between 100% stocks to say 50%stocks/50%bonds are all valid approaches not to mention AA's the change over time like the reverse equity glidepath approach than it hardly seems gloom and doom to spend down a cash/bonds component of your portfolio during a market event as WR plan.

Beyond that without taking into consideration other factors like %WR and ability to change spending from year to year you can't really assess someone's FIRE plan based on one component.

If there is a fatal flaw to the approach you are criticising please explain it more clearly.

What people are describing is essentially the Rising Equity Glidepath (https://www.onefpa.org/journal/Pages/Reducing%20Retirement%20Risk%20with%20a%20Rising%20Equity%20Glide%20Path.aspx) whether they mean it or not, and contrary to what Sol and Edgema say - it does have merit.
Title: Re: 2018 FIRE cohort
Post by: Retire-Canada on November 28, 2017, 10:12:05 AM
Of course the reality is that if you are 80% or more in equities equities then all of this is pretty incremental as 95% (citation needed) of your risk is in equities anyway.

For myself and the other folks who seem to be talking about a similar approach the bond/cash allocation is 20% or less - essentially a few years of spending. I'll probably be closer to 10%. I don't plan on setting a specific % at which I will take action. I feel like I am able to make decisions around spending in FIRE based on my portfolio value and market returns.

To your example I can construct a scenario where the spend bonds/cash first approach is superior. Ultimately without knowledge of the future that doesn't tell us anything, but I agree with your point above given the constellation of reasonable asset allocations and WR approaches I don't see a compelling argument for fear of failure in any of them.

In any case if there is interest we can certainly start another thread about this topic.
Title: Re: 2018 FIRE cohort
Post by: edgema on November 28, 2017, 10:15:43 AM
But following the link the conclusions state;

"Overall, the results show that rising equity glide paths from conservative starting points can achieve superior results, even with lower average lifetime equity exposure. For instance, a portfolio that starts at 30 percent in equities and finishes at 60 percent performs better than a portfolio that starts and finishes at 60 percent equities. A steady or rising glide path provides superior results compared to starting at 60 percent equities and declining to 30 percent over time."

At the typical MMM person is 1) younger and 2) way higher than the percentage equities here. I am not sure it is applicable.
Title: Re: 2018 FIRE cohort
Post by: rpr on November 28, 2017, 10:16:46 AM
My apologies as well for going off-topic. I asked about this earlier in the thread. I'd love to have this discussion continue in a separate thread. Is there a way to get the relevant posts to be part of the thread.
Title: Re: 2018 FIRE cohort
Post by: tooqk4u22 on November 28, 2017, 10:37:50 AM
I don't think there is necessarily a fatal flaw, but I also don't see the approach as an asset allocation approach.

You are correct, the strategy being discussed is more of a volatility approach than AA but some saying 1-2 years only then I would tend to agree with you and Sol that it might impart more risk than less bc it might not provide sufficient time exposure to get through down or more importantly flat then down markets. 
But following the link the conclusions state;

"Overall, the results show that rising equity glide paths from conservative starting points can achieve superior results, even with lower average lifetime equity exposure. For instance, a portfolio that starts at 30 percent in equities and finishes at 60 percent performs better than a portfolio that starts and finishes at 60 percent equities. A steady or rising glide path provides superior results compared to starting at 60 percent equities and declining to 30 percent over time."

At the typical MMM person is 1) younger and 2) way higher than the percentage equities here. I am not sure it is applicable.

Maybe but that really hasn't been the discussion, the discussion has been AA vs. living off bonds/cash for couple of years.  So the Rising Equity Glidepath is applicable as it just means a higher Bond/Cash position than your normal AA and then over a certain timeframe increases to your desired AA whether that be starting at 30/700 and going to 60/40, or 60/40 going to 100/0 or anywhere in between but the premise is the same - reduce conservative holdings over time...but it does say this in the linked article

"Depending on the underlying assumptions, the optimal starting equity exposures are generally around 20 percent to 40 percent and finish at around 40 percent to 80 percent."

and in the implications section at the end...

"The implications of this research for financial planners are significant. Results suggest that the traditional approach of maintaining constant asset allocations in retirement, which are routinely rebalanced, are actually far less than optimal. Although such an approach is actually superior to decreasing equity exposure through retirement, the results of this study reveal that the best solution may be to steadily increase equity exposure throughout retirement, while starting at a lower initial equity exposure."


Basically...
...when markets have high/good returns, doesn't matter other than it leaves you with way more money then you will need and heirs will be happy.
...when markets rise in the beginning but fall after glidepath years, equities grow beyond what you need reducing risk of sequence and likely allowing higher WR but maybe more volatility later but doesn't matter bc you have more than enough bc of early growth
...when markets decline in beginning, gives time for equities to recover back to base level reducing sequence risk and have expected levels of investments.
...when markets have low/negative returns over long term, doesn't matter because no AA will help you but this way might extend the race a bit.

Sounds like a win win.....lower volatility, increased likelihood of success

Title: Re: 2018 FIRE cohort
Post by: brooklynguy on November 28, 2017, 12:01:12 PM
Do you [sol] have any sources to back up the "setting yourself up for failure" comment above? Have you read some analysis or done some yourself showing how the approach you are criticising is likely to fail?

The following Kitces article summarizes research demonstrating that the use of cash buffer strategies substantially increased historical failure rates (when compared to a baseline of using an identical asset allocation without employing a cash buffer) across a range of different stock/bond asset allocations and different withdrawal rates.  So, while using a cash buffer doesn't necessarily "set you up for failure," it does increase your likelihood of failure (based, like all Trinity-style SWR analysis, on historical market performance).

Kitces:  Research Reveals Cash Reserve Strategies Don’t Work...Unless You're A Good Market Timer? (https://www.kitces.com/blog/research-reveals-cash-reserve-strategies-dont-work-unless-youre-a-good-market-timer/)

Again, I don't think cash buffer strategies are necessarily bad (and, as the article points out, they may be superior after accounting for behavioral/psychological factors, in the case of investors who lack the discipline to stick to their chosen asset allocation in the absence of a cash buffer).  But they are probably worse than straight constant-asset-allocation-maintenance-via-rebalancing for investors with the disposition to actually follow that approach.
Title: Re: 2018 FIRE cohort
Post by: Retire-Canada on November 28, 2017, 12:10:47 PM
Do you [sol] have any sources to back up the "setting yourself up for failure" comment above? Have you read some analysis or done some yourself showing how the approach you are criticising is likely to fail?

The following Kitces article summarizes research demonstrating that the use of cash buffer strategies substantially increased historical failure rates (when compared to a baseline of using an identical asset allocation without employing a cash buffer) across a range of different stock/bond asset allocations and different withdrawal rates.  So, while using a cash buffer doesn't necessarily "set you up for failure," it does increase your likelihood of failure (based, like all Trinity-style SWR analysis, on historical market performance).

Kitces:  Research Reveals Cash Reserve Strategies Don’t Work...Unless You're A Good Market Timer? (https://www.kitces.com/blog/research-reveals-cash-reserve-strategies-dont-work-unless-youre-a-good-market-timer/)

From that paper:

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THE BOTTOM LINE

In the end, the reality is that while cash reserve strategies appear psychologically appealing, their actual benefits as an enhancement for retirement income sustainability appear to be a mirage upon closer inspection. The buffer zone approach appears to do little to effectively “time” the market, and/or to the extent it does, th