Author Topic: 2019 fire cohort  (Read 188621 times)

Loren Ver

  • Bristles
  • ***
  • Posts: 291
  • Location: Indianapolis IN
Re: 2019 fire cohort
« Reply #1150 on: September 23, 2018, 04:41:49 AM »
I think I want to be back in this cohort. Plan is to fire somewehere September/Octoberish 2019.

DH and I went through my FIRE spreadsheet again today, which was a long time since last time. DH discovered a flaw in my calculation of taxation of income. We corrected it and luckily it didn't change the FIRE amount, as our income will be almost zero all the time.

We have had 2 real estate brokers visiting our house who gave us an estimate for a sales price of our clown house. One gave an estimate of 8,7 mil Norwegian crowns. The other one guessed a price between 8,7 and 9,2 mil crowns. In my old calculations I used a conservative estimate of 7 mil crowns nett leftover after sale. Now we changed this amount to 8 mil nett leftover after sale. We think about selling it in spring 2019 for 8,5 mil list price. And we hope to sell for more eventually. We need to sell during the summer halfyear because of the steep roads with snow in the winter.

After selling this house, we reserve half of it, 4 mil crowns, in cash for a future house purchase. The rest will be invested. Most in stock, but some in cash on a high interest bank account in case market downtime during FIRE. Or in bonds, I'll have to figure that out.
We still need to earn half our normal salary in 2019 and a very low amount in 2020. This last thing can be done be starting some side gig. DH is thinking on doing his current job as a private consultant occasionaly. I currently do a sidegig that generates a certain amount of taxfree money.

We are aiming for 7 mil Norwegian crowns as FIRE amount. If the house sells for the brutto price of 8,5 mil crowns, then we will reach this amount in just a few months. If the market takes a dive, we will have to continue working.

From 2040 we will both receive our pensions.

Our backup plan is that we intend to keep our cabin, but we can also sell it for approx 1,5 year spending level.
We can also in the future sell our future house, cash in those 4 mil crowns and live 8 years of that while we rent a place, depending on the height of the rent.
And we expect to receive 2,5 to 3 mil crowns in inheritage some day, that are not included in our calculations.
And we can choose to work part time some way or another.
.

Welcome back Linda!

Linda_Norway

  • Magnum Stache
  • ******
  • Posts: 3678
Re: 2019 fire cohort
« Reply #1151 on: September 23, 2018, 04:57:15 AM »
Congratulations Linda.  Fingers crossed that it sells for the high end of the range.  Are house prices on the up generally and did you need to increase the amount set aside for purchase of your non-clown house?

In the past 3 years that we owned the house, prices in our community have gone up 25%. But the price of our house not so much. We paid 7,9 mil crowns for it.

But at the moment this country has a very low mortgage interest, about 2,5%. It is already announced that it will go up later this year, by a quarter. But it is also announced that it will gradually go up more the next years. So the long lasting low interest party has ended. I hope that doesn't mean a dive of the market prices. Maybe just a smaller growth. A colleague of mine has bought a house and tried to sell his old house. He is getting almost no viewers.

Just for your information, our house is not very central, about 45 min by train to center of the capital. Small, but expensing town below the hill on 5 min driving. But we live on the top of the hill and have an amazing view about 35 kms in the direction of the capital and the Oslo fjord. We hope this will sell.
« Last Edit: September 23, 2018, 01:00:40 PM by Linda_Norway »

Trifele

  • Handlebar Stache
  • *****
  • Posts: 1611
  • Location: US
Re: 2019 fire cohort
« Reply #1152 on: September 23, 2018, 05:02:43 AM »
Linda, will you be looking to buy your new place in the same area?  Or moving further away from the city?

Certainly sounds like you have a great plan!  Congrats. :) 

Linda_Norway

  • Magnum Stache
  • ******
  • Posts: 3678
Re: 2019 fire cohort
« Reply #1153 on: September 23, 2018, 05:06:42 AM »
Linda, will you be looking to buy your new place in the same area?  Or moving further away from the city?

Certainly sounds like you have a great plan!  Congrats. :)

Moving away from the capital. Out in the country houses can be a LOT cheaper. Maybe we don't even need the 4 mil crowns and can buy a house for 2.

PhilB

  • Bristles
  • ***
  • Posts: 483
Re: 2019 fire cohort
« Reply #1154 on: September 23, 2018, 09:06:00 AM »
But we luve on the top of the hill and have an amazing view about 35 kms in the direction of the capital and the Oslo fjord. We hope this will sell.
I was going to send you a link to the song 'The folks who live on the hill', but can't decide between the dozens of different versions!

Linda_Norway

  • Magnum Stache
  • ******
  • Posts: 3678
Re: 2019 fire cohort
« Reply #1155 on: September 23, 2018, 12:51:21 PM »
But we live on the top of the hill and have an amazing view about 35 kms in the direction of the capital and the Oslo fjord. We hope this will sell.
I was going to send you a link to the song 'The folks who live on the hill', but can't decide between the dozens of different versions!

I listened to one at random. Nice song. I guess we will open our wings next year, and fly away.
« Last Edit: September 23, 2018, 01:00:21 PM by Linda_Norway »

MaybeBabyMustache

  • Handlebar Stache
  • *****
  • Posts: 1390
Re: 2019 fire cohort
« Reply #1156 on: September 23, 2018, 12:55:57 PM »
I finished what I hope to be my last international work trip. EVER. Just got back from Tokyo yesterday, so pretty jet lagged. It will be really nice if this can be the end. I'm hoping to avoid a London trip before the end of the year, and just coast into my sabbatical with no more trips. Fingers crossed! I do think I'll have earned enough miles on this trip for a round trip domestic flight on my preferred airline, so at least there was some small benefit. Not enough to account for the family time away, the extra child care we paid for, and certainly not for the jet lag that will haunt me all week.

Trifele

  • Handlebar Stache
  • *****
  • Posts: 1611
  • Location: US
Re: 2019 fire cohort
« Reply #1157 on: September 24, 2018, 04:15:23 AM »
Current updated roster:

01/01/19     MoneyStacher  (50)         OLY -- CONFIRMED 2018
01/31/19     PhilB  (52)                      OLY -- Planning 10/25/18
02/01/19     Trifele (51)
02/15/19     sui generis  (41)              OLY -- CONFIRMED 8/17/18.
02/25/19     MaybeBabyMustache
02/??/19     zinnie  (35)
03/15/19     exit2019  (40)
03/19/19     ChasesFish
03/??/19     MissNancyPryor  (50)     
03/??/19     Roboturner  (30)
03/??/19     Edgema
03/29/19     JumboShrimp
03/31/19     TartanTallulah  (55)          OLY -- Planning 10/31/2018.   
03/31/19     BlindSquirrel
04/01/19     HalfStached  (41)
04/01/19     Gerardc  (35)
04/01/19     JoJo (45)
04/??/19     Luck12  (41)
05/01/19     Albireo13  (61)
05/??/19     cerat0n1a                         OLY -- CONFIRMED 2018
05/??/19     dude                               
05/??/19     SamIAm38  (29)
05/??/19     FIRE 20/20  (42)
05/14/19     Mr. Ver (40)
05/17/19     Loren Ver (37)
05/31/19     Pylortes  (42)
05/31/19     Odiedog8590  (62)
05/31/19     Livingthedream55  (59)   
06/01/19     Prairie Stash
06/06/19     Bognish (44)
06/07/19     DreamFire
06/21/19     Parizade  (62)
06/22/19     Waffles  (52)
06/??/19     Oldtoyota
06/??/19     Itchyfeet  (47)
06/??/19     Bateaux  (50)
06/??/19     CryingInThePool  (44)
07/??/19     powersuitrecall  (47)
07/??/19     Enigma  (39)
07/??/19     Thedividebyzero  (45)
07/01/19     Freedomin5 (38)
07/03/19     Gerard
07/03/19     Miss Piggy
08/12/19     Canadian Ben  (29)
08/19/18     Chairman                         OLY -- CONFIRMED 2018
09/02/19     Cornbread OMalley  (42)
09/??/19     RetirementDreaming
09/27/19     Spreadsheet Man
10/01/19     2Birds1Stone  (32)
10/??/19     Linda_Norway
10/??/19     VoteCthulu  (39)
10/??/19     Trix76  (43)
10/??/19     MoMan  (55)
10/??/19     Dreamer
12/??/19     markbike528cbx  (55)        OLY -- CONFIRMED 6/1/18; checking in as OP
12/??/19     HBFI  (38)
12/??/19     luckyme13  (45)
12/27/19     moxie
12/31/19     texxan1  (47)
12/31/19     Chrissy's DH

2019 Cohort with date TBD:
Lowerbills (40)
getoutsoon (52)
Elaine amj (40)
IPlawyer


Miss Piggy

  • Handlebar Stache
  • *****
  • Posts: 1224
Re: 2019 fire cohort
« Reply #1158 on: September 26, 2018, 06:18:09 PM »
What does OLY mean?



I'm on target for July 2019. I'm getting simultaneously more comfortable/excited/certain and more nervous as the day creeps closer. How is that even possible?

PhilB

  • Bristles
  • ***
  • Posts: 483
Re: 2019 fire cohort
« Reply #1159 on: September 27, 2018, 01:41:00 AM »
What does OLY mean?



I'm on target for July 2019. I'm getting simultaneously more comfortable/excited/certain and more nervous as the day creeps closer. How is that even possible?
One Less Year. To contrast with the famous OMY syndrome (I'll just do one more year...)
The really contentious argument is whether we should actually be using OFY instead!

Trifele

  • Handlebar Stache
  • *****
  • Posts: 1611
  • Location: US
Re: 2019 fire cohort
« Reply #1160 on: September 27, 2018, 03:48:32 AM »
What does OLY mean?

I'm on target for July 2019. I'm getting simultaneously more comfortable/excited/certain and more nervous as the day creeps closer. How is that even possible?

One Less Year. To contrast with the famous OMY syndrome (I'll just do one more year...)
The really contentious argument is whether we should actually be using OFY instead!

Haha PhilB -- I've thought that many times!

@Miss Piggy -- that seems to be par for the course during the run-up to FIRE.  The excitement and the nervousness keep building as it gets more and more real! 

Loren Ver

  • Bristles
  • ***
  • Posts: 291
  • Location: Indianapolis IN
Re: 2019 fire cohort
« Reply #1161 on: September 27, 2018, 04:47:21 AM »
Friday is the last market day for Q3.  I only do our investment calculations quarterly so I am really excited about this weekend.  DH wants to know by Sunday if he has to go to work Monday.  I told him yes, but we should be really close on our numbers.

The excitement builds.

Other than one project at work, I am ready to go.  I still have 33 weeks left to hit our date, but the pull to do *anything else* is so strong.

I'll actually be kinda amazed if we make it to May....

itchyfeet

  • Pencil Stache
  • ****
  • Posts: 639
Re: 2019 fire cohort
« Reply #1162 on: September 27, 2018, 11:46:40 PM »
Friday is the last market day for Q3.  I only do our investment calculations quarterly so I am really excited about this weekend.  DH wants to know by Sunday if he has to go to work Monday.  I told him yes, but we should be really close on our numbers.

The excitement builds.

Other than one project at work, I am ready to go.  I still have 33 weeks left to hit our date, but the pull to do *anything else* is so strong.

I'll actually be kinda amazed if we make it to May....

Sounds Awesome! I hope you hit your numbers this quarter and can beak out the bubbly.

I look at our numbers monthly and I know we have booked some losses in Sept. But we saved well this month, so I am happy as this is what we can control.

We won稚 be at our number before we FIRE as we have always expected to collect some loose change over the next 30 years to supplement what we have saved, or we will just have to trim our spending... or maybe we will get lucky with the markets.

I am also now rethinking whether I can include home equity in future spending plans ie: move into a small place when we are old, or one of us has kicked the bucket, or take out a reverse mortgage, or even annuitise and then rent at some point. We have no dependents, so no intention of dying with a large estate, but it痴 tricky to try and run out of money on your last day on the planet.

Another safety valve we have lies in the fact that 20% of our stash is tagged for travel and vacations. This can definitely be managed in terms of timing for draw downs (so no real SORR), and also trimmed as we go if need be. I suspect that we can probably bank on spending an equivalent of 6% of this portion of our stash on average every year over the longer term and it値l last. But maybe not. Even at 3% draw down we will be able to do plenty over the next 30 years with that pot.

Depending on what our stash looks like come June it will be the housing pot and the travel pot that get resized to fit within what we have.

Chrissy

  • Pencil Stache
  • ****
  • Posts: 760
  • Age: 41
  • Location: Chicago
Re: 2019 fire cohort
« Reply #1163 on: September 28, 2018, 09:14:56 AM »
2019 was always a long shot, but it's looking less likely for us by the minute.  A few weeks ago, Husband lost his temper, quit his job with nothing lined up, and his last day is today.  Wish us luck!

markbike528CBX

  • Pencil Stache
  • ****
  • Posts: 836
  • Location: the Everbrown part of the Evergreen State (WA)
Re: 2019 fire cohort
« Reply #1164 on: September 28, 2018, 09:34:14 AM »
2019 was always a long shot, but it's looking less likely for us by the minute.  A few weeks ago, Husband lost his temper, quit his job with nothing lined up, and his last day is today.  Wish us luck!

If you were planning on FIREing in the next few years then you have extra-heavy FU money, so you can relax.
AND maybe post on the FU money thread :-)
https://forum.mrmoneymustache.com/welcome-to-the-forum/epic-fu-money-stories/

In any case, it is probably better for his health. 
 https://www.theonion.com/health-experts-recommend-standing-up-at-desk-leaving-o-1819577456

You won't need luck, you have this covered, but good karma to you anyway.

itchyfeet

  • Pencil Stache
  • ****
  • Posts: 639
Re: 2019 fire cohort
« Reply #1165 on: September 28, 2018, 12:27:35 PM »
2019 was always a long shot, but it's looking less likely for us by the minute.  A few weeks ago, Husband lost his temper, quit his job with nothing lined up, and his last day is today.  Wish us luck!

If you were planning on FIREing in the next few years then you have extra-heavy FU money, so you can relax.
AND maybe post on the FU money thread :-)
https://forum.mrmoneymustache.com/welcome-to-the-forum/epic-fu-money-stories/

In any case, it is probably better for his health. 
 https://www.theonion.com/health-experts-recommend-standing-up-at-desk-leaving-o-1819577456

You won't need luck, you have this covered, but good karma to you anyway.

Here here. Great advice.

I have been wanting to just quit of late, but,lack the kahoonas. More power to your man!

But Mark is 100% right in that if you are nearly FI, it is almost a certainty you will find a means to let the stash grow that last bit without too much draining effort from yourself.

Best wishes!

Cycling Stache

  • Bristles
  • ***
  • Posts: 466
  • Age: 42
Re: 2019 fire cohort
« Reply #1166 on: September 28, 2018, 02:12:28 PM »
Please add me for 2/1/19.

I've hesitated to post this because I have a fear of commitment (even to internet strangers!) and because it feels completely irrational to walk away from significant, not hard-to-earn money in a job that many people dream of getting and working for supervisors and in a structure that is completely supportive (and, really, indulgent) of me.

But I know it's time to move on, even though I don't know what I'm moving on to, and even though my wife will continue to work.  I have been living my OMY the last 8 months waiting for the joy of my work to be re-sparked, and it hasn't happened.  That tells me that my brain knows it's time to leave, even though I have a hard time accepting it.

My wife and I are 44 and 42, with 2 kids.  Net worth is $2.1 million, including a $750k paid-off house, and the rest invested.  We will likely move to a (relatively) lower cost of living area at some point, thereby unlocking some of the money in the house.  My wife insists that she's wants to continue working forever, but at least the next 10 years.  I've done what I can to confirm that over the last 3 years, and she says yes.  Her after-tax salary is about what we spend ($70k, for now), so in theory that should work out fine.  I've also calculated pensions and social security earned to be about $50k per year so far.  While that could be reduced, I think it's unlikely to be cut by more than 20%, and our spending at that point would probably be about that.

For me, the hardest part is feeling ungrateful for having one of the best possible job settings I could have, but it just no longer resonates with me.  I have always been risk averse, and I am nervous about not "retiring to something," but I realize that I'm never going to feel like it's a good time to leave.  So I'm left with something that Dr. Doom posted in his (fantastic) LivingAFI blog, which was a psychologist telling him that of course he was frustrated while still at work, because he set a goal for himself when he would be able to leave, and then he hadn't left and given himself the reward.  I think that captures how I feel.  I know I have enough, or at least enough plus degrees, etc. that I will be able to provide for my family.  The last few months I experimented with writing down how much extra money we make each day to think about what additional stuff I could buy, and I think I bought one concert ticket and maybe a couple lunches/happy hours.  In other words, I don't think what I'm missing is more expensive stuff.

In the end, I think I'm just tired of going to work and feeling bad that I don't want to be there.  It's not something I can share with most people, because most people wouldn't understand walking away from a salary and job that most would consider a dream.  But if it's no longer my dream, isn't it time for something else?  I think so, and it's a point that resonated with me from Steve Jobs's Stanford commencement speech a few years ago.

By the way, 2/1/19 is as arbitrary as anything else.  It was the last date on the calendar I got a year ago (technically, 1/31/19), and it's the end of a 2-week period.  I will take 2 weeks off at the end of 2018 to make sure I'm convinced to leave, but for now, 2/1/19!

MaybeBabyMustache

  • Handlebar Stache
  • *****
  • Posts: 1390
Re: 2019 fire cohort
« Reply #1167 on: September 28, 2018, 02:18:24 PM »
Welcome, @Cycling Stache ! I could relate to much of what you said about your work, and we are similar ages (I'm 42), & our dates are similar as well! 1/25 is my goal, although I've offered up 2/25 if we are in the middle of onboarding a new manager. If it's no longer your dream & you can afford to move on, it's time to figure out what will make you happy. And, what an incredible gift we have - the gift of freedom & flexibility to form a life better suited to our desires. Such a gift!

oldtoyota

  • Magnum Stache
  • ******
  • Posts: 3059
Re: 2019 fire cohort
« Reply #1168 on: September 28, 2018, 02:59:58 PM »
2019 was always a long shot, but it's looking less likely for us by the minute.  A few weeks ago, Husband lost his temper, quit his job with nothing lined up, and his last day is today.  Wish us luck!

I'm sorry to hear that. You're welcome to stay.

I'm not sure if I will technically be 100% FIRE in 2019. However, I plan to keep the IRP at bay and follow a sensible timeline.

chasesfish

  • Magnum Stache
  • ******
  • Posts: 2545
  • Age: 36
  • Location: Texas
    • Years in the making, I created a journal!
Re: 2019 fire cohort
« Reply #1169 on: September 28, 2018, 05:32:49 PM »
24 weeks until equity vests and I drop notice....getting closer!

Loren Ver

  • Bristles
  • ***
  • Posts: 291
  • Location: Indianapolis IN
Re: 2019 fire cohort
« Reply #1170 on: September 28, 2018, 06:14:20 PM »
Uhh, so I did the Q3 numbers since the markets closed today... we are about $6k away from out goal amount.  Oh man.  We will need to have some serious discussions in the next month or two to figure out the plan.   This is a lot sooner than anticipated. 

EHHHHHHHHHHHHHHHHHHH!

Welcome Cycling Stache.

Chrissy - good luck with making a slightly new plan.  You are in a good position, you put yourselves in a good position.

LV

Half Stached

  • 5 O'Clock Shadow
  • *
  • Posts: 76
  • Age: 47
  • Location: Seattle
Re: 2019 fire cohort
« Reply #1171 on: September 28, 2018, 07:24:12 PM »
I also did Q3 numbers today... things are starting to feel real! Just two quarters left!

7/15: 41.6% FI
10/15: 40.1%
1/16: 45.6%
4/16: 50.4%
7/16: 53.7%
10/16: 60.7%* (due to reducing expenses and better modeling, we reduced our FI target from 1.8million to 1.7)
1/17: 63.5%
4/17: 75.3%
7/17: 44.4* (Condo purchase. FI target reduced from 1.7million to 1.3, not including condo.)
10/17: 50.6%
1/18: 56.3%
4/18: 62.3%
7/18: 64.6%
10/18: 71.6%

While I don't expect to be at 100% in six months, the 6 additional months of severance after that (since I'll be laid off) and then selling a bunch of old collectibles should get us across the finish line. cFireSim now yields 100% success with our retirement plan.

Work is really dragging at this point. My workload has been decreasing steadily, and with it my hours. However, it is hard to stay motivated...

Trifele

  • Handlebar Stache
  • *****
  • Posts: 1611
  • Location: US
Re: 2019 fire cohort
« Reply #1172 on: September 29, 2018, 04:23:28 AM »
Goodbye for now @Chrissy.  Good luck with everything, and come back anytime if you change your mind!  Welcome @Cycling Stache!  Got you added. 


01/01/19     MoneyStacher  (50)         OLY -- CONFIRMED 2018
01/31/19     PhilB  (52)                      OLY -- Planning 10/25/18
02/01/19     Trifele (51)
02/01/19     Cycling Stache (44)
02/15/19     sui generis  (41)              OLY -- CONFIRMED 8/17/18.
02/25/19     MaybeBabyMustache
02/??/19     zinnie  (35)
03/15/19     exit2019  (40)
03/19/19     ChasesFish
03/??/19     MissNancyPryor  (50)     
03/??/19     Roboturner  (30)
03/??/19     Edgema
03/29/19     JumboShrimp
03/31/19     TartanTallulah  (55)          OLY -- Planning 10/31/2018.   
03/31/19     BlindSquirrel
04/01/19     HalfStached  (41)
04/01/19     Gerardc  (35)
04/01/19     JoJo (45)
04/??/19     Luck12  (41)
05/01/19     Albireo13  (61)
05/??/19     cerat0n1a                         OLY -- CONFIRMED 2018                           
05/??/19     SamIAm38  (29)
05/??/19     FIRE 20/20  (42)
05/14/19     Mr. Ver (40)
05/17/19     Loren Ver (37)
05/31/19     Pylortes  (42)
05/31/19     Odiedog8590  (62)
05/31/19     Livingthedream55  (59)
05/31/19     dude   
06/01/19     Prairie Stash
06/06/19     Bognish (44)
06/07/19     DreamFire
06/21/19     Parizade  (62)
06/22/19     Waffles  (52)
06/??/19     Oldtoyota
06/??/19     Itchyfeet  (47)
06/??/19     Bateaux  (50)
06/??/19     CryingInThePool  (44)
07/??/19     powersuitrecall  (47)
07/??/19     Enigma  (39)
07/??/19     Thedividebyzero  (45)
07/01/19     Freedomin5 (38)
07/03/19     Gerard
07/03/19     Miss Piggy
08/12/19     Canadian Ben  (29)
08/19/18     Chairman                         OLY -- CONFIRMED 2018
09/02/19     Cornbread OMalley  (42)
09/??/19     RetirementDreaming
09/27/19     Spreadsheet Man
10/01/19     2Birds1Stone  (32)
10/??/19     Linda_Norway
10/??/19     VoteCthulu  (39)
10/??/19     Trix76  (43)
10/??/19     MoMan  (55)
10/??/19     Dreamer
12/??/19     markbike528cbx  (55)        OLY -- CONFIRMED 6/1/18; checking in as OP
12/??/19     HBFI  (38)
12/??/19     luckyme13  (45)
12/27/19     moxie
12/31/19     texxan1  (47)


2019 Cohort with date TBD:
Lowerbills (40)
getoutsoon (52)
Elaine amj (40)
IPlawyer
« Last Edit: October 01, 2018, 09:06:20 AM by Trifele »

FIRE 20/20

  • Stubble
  • **
  • Posts: 144
Re: 2019 fire cohort
« Reply #1173 on: September 30, 2018, 01:47:03 PM »
Uhh, so I did the Q3 numbers since the markets closed today... we are about $6k away from out goal amount.  Oh man.  We will need to have some serious discussions in the next month or two to figure out the plan.   This is a lot sooner than anticipated. 


My partner and I are in a similar place.  We've exceeded our goal amounts but given how high CAPE is at the moment and uncertainty surrounding the ACA we plan to keep working until our planned end date sometime around May of 2019.  That should allow us to max our 401(k)s, Roth IRA, and pay for the second half of the year's expenses.  We're also in the same position as Cycling Stache.  As far as jobs go, we are in the best possible situation - good management, low stress, relatively high pay, significant autonomy, etc.  The good position we're in is largely due to a combination of good reputations at work and FI money.  We've been able to maneuver into roles that are good fits, and that makes it even harder to pull the plug.  At the same time it is also hard to keep going in to work knowing that we don't need the money, but after we quit we're never going to have this combination of great work (as far as work goes...) and high pay.  Rather than take a small risk of needing to go back if the SHTF we're padding the numbers if they're willing to spray money at us for easy work. 

exit2019

  • 5 O'Clock Shadow
  • *
  • Posts: 23
Re: 2019 fire cohort
« Reply #1174 on: September 30, 2018, 08:52:30 PM »
We are still in for 2019 but I have to admit, I am freaking a bit that I have yet to work out a solid scheme for healthcare.   we are residents of CA but want to get out - the tax rate has been killing me for years and the COL is insane in the Bay Area.  A lot of our plan is moving out; sell the house and travel for a year as well as look into places we might move.

I cannot figure out how to (1) buy healthcare that isn't somehow tied to a specific geography or (2) figure out how/if I should rebalance my very very out of whack portfolio (all in a taxable account, lots of taxable gains); essentially we discovered FIRE late and while I wasn't a horrible investor, the bulk of our investments are not in what I would like them to be in, but everything has gains since we've been hardcore savers for 20 years..

Linda_Norway

  • Magnum Stache
  • ******
  • Posts: 3678
Re: 2019 fire cohort
« Reply #1175 on: October 01, 2018, 02:15:43 AM »
Uhh, so I did the Q3 numbers since the markets closed today... we are about $6k away from out goal amount.  Oh man.  We will need to have some serious discussions in the next month or two to figure out the plan.   This is a lot sooner than anticipated. 


My partner and I are in a similar place.  We've exceeded our goal amounts but given how high CAPE is at the moment and uncertainty surrounding the ACA we plan to keep working until our planned end date sometime around May of 2019.  That should allow us to max our 401(k)s, Roth IRA, and pay for the second half of the year's expenses.  We're also in the same position as Cycling Stache.  As far as jobs go, we are in the best possible situation - good management, low stress, relatively high pay, significant autonomy, etc.  The good position we're in is largely due to a combination of good reputations at work and FI money.  We've been able to maneuver into roles that are good fits, and that makes it even harder to pull the plug.  At the same time it is also hard to keep going in to work knowing that we don't need the money, but after we quit we're never going to have this combination of great work (as far as work goes...) and high pay.  Rather than take a small risk of needing to go back if the SHTF we're padding the numbers if they're willing to spray money at us for easy work.

We will also reach our FIRE stash for FIRE in second half of 2019 in a month or 2. This is the amount that is not invested in the house. In addition to that we need to sell the house for a certain minimum price. And to be able to start FIRE, we still need to cover half of 2019's expenses, therefore we'd better work (part time) for half the year in 2019. If the house does not sell well, we won't sell in 2019 and try again in 2020.

Linda_Norway

  • Magnum Stache
  • ******
  • Posts: 3678
Re: 2019 fire cohort
« Reply #1176 on: October 01, 2018, 02:41:54 AM »
Are any of you going to move to a different area after FIRE, to cash in the value of your house, or for other reasons?
We will do that, both to cash in the house and to move to a more outdoorsy area. We intend to rent a place first.

I am getting pretty nervous about it, because it comes so close. Sometimes I wake up in the middle of the night freaked out about it. The house will be put for sale the coming spring.
We will downsize many of our belongings to make moving easier and cheaper. But we have a lot of stuff and use much of it. I am not looking forward to moving several times, but it is madness to buy a house in an unknown area that we don't know whether we will enjoy. Therefore we will rent first.
Also, we still haven't decided exactly where to go. We have some ideas and see that there are sometimes reasonably priced rentals available. We have been through these areas on vacations and love what it looks like in the summer. But winters there can be hard. And how easy is it to live there? We will probably need to be close to a city and not too remote, as we are used to have anything we need available where we live.
The other thing that worries me a bit, is starting from scratch without knowing people. And leaving behind friends. On the other hand, I can make basic contact with new people pretty easily as long as I meet them in a hobby perspective. The challenge will be to get in touch with some people who are available at daytime through the week. And who like to do your stuff, like hiking, mushrooms, diving (DH).
Difficult to talk with other people about these anxieties.

I don't think it would be easier to wait until 2020. It would make it easier to sell the house and move into a local rental, to so figure stuff out at an easy pace. But that means moving an extra time, which is not so attractive.
« Last Edit: October 01, 2018, 10:44:05 AM by Linda_Norway »

Loren Ver

  • Bristles
  • ***
  • Posts: 291
  • Location: Indianapolis IN
Re: 2019 fire cohort
« Reply #1177 on: October 01, 2018, 05:26:10 AM »

I cannot figure out how to (1) buy healthcare that isn't somehow tied to a specific geography or (2) figure out how/if I should rebalance my very very out of whack portfolio (all in a taxable account, lots of taxable gains); essentially we discovered FIRE late and while I wasn't a horrible investor, the bulk of our investments are not in what I would like them to be in, but everything has gains since we've been hardcore savers for 20 years..

Hey @exit2019 most of our savings are also in taxable investments.  This is not a bad strategy depending on age and retirement income.  Capital gains is taxed much less than income.  You can pull out gobs of money without paying federal income taxes, especially if you are married  https://www.nerdwallet.com/blog/taxes/capital-gains-tax-rates/.   If married that is $77200 + $24000 (married standard deduction) that comes out tax free every year.  You also don't have to do any conversions which is one less thing to worry about.  You can pull money out in chunks, pay no taxes, and reinvest the rest. 

As for insurance that isn't tied to a location, that depends on if you need regular care of just coverage if there is an emergency.  If you will be outside the US there are options like world nomads travel insurance and other companies.    Inside the US,  there are travel insurance like aaa and other companies.  Some cover the trip, but some cover you, some both.  Some health care ministries are also not location driven, but let you use any medical facility nearby. 

Sometimes too many options can make it harder....

MaybeBabyMustache

  • Handlebar Stache
  • *****
  • Posts: 1390
Re: 2019 fire cohort
« Reply #1178 on: October 01, 2018, 07:29:23 AM »
@Linda_Norway - we have a multi phased FIRE approach, but will stay in our house for the first 7 years. (We have kids in school.) After that, we are open to selling & moving to a less expensive location. We're in the bay area of California, so we could relocate almost anywhere & have a reduction in cost.

dude

  • Handlebar Stache
  • *****
  • Posts: 2247
Re: 2019 fire cohort
« Reply #1179 on: October 01, 2018, 07:48:43 AM »
Goodbye for now @Chrissy.  Good luck with everything, and come back anytime if you change your mind!  Welcome @Cycling Stache!  Got you added. 


01/01/19     MoneyStacher  (50)         OLY -- CONFIRMED 2018
01/31/19     PhilB  (52)                      OLY -- Planning 10/25/18
02/01/19     Trifele (51)
02/01/19     Cycling Stache (44)
02/15/19     sui generis  (41)              OLY -- CONFIRMED 8/17/18.
02/25/19     MaybeBabyMustache
02/??/19     zinnie  (35)
03/15/19     exit2019  (40)
03/19/19     ChasesFish
03/??/19     MissNancyPryor  (50)     
03/??/19     Roboturner  (30)
03/??/19     Edgema
03/29/19     JumboShrimp
03/31/19     TartanTallulah  (55)          OLY -- Planning 10/31/2018.   
03/31/19     BlindSquirrel
04/01/19     HalfStached  (41)
04/01/19     Gerardc  (35)
04/01/19     JoJo (45)
04/??/19     Luck12  (41)
05/01/19     Albireo13  (61)
05/??/19     cerat0n1a                         OLY -- CONFIRMED 2018
05/??/19     dude                               
05/??/19     SamIAm38  (29)
05/??/19     FIRE 20/20  (42)
05/14/19     Mr. Ver (40)
05/17/19     Loren Ver (37)
05/31/19     Pylortes  (42)
05/31/19     Odiedog8590  (62)
05/31/19     Livingthedream55  (59)   
06/01/19     Prairie Stash
06/06/19     Bognish (44)
06/07/19     DreamFire
06/21/19     Parizade  (62)
06/22/19     Waffles  (52)
06/??/19     Oldtoyota
06/??/19     Itchyfeet  (47)
06/??/19     Bateaux  (50)
06/??/19     CryingInThePool  (44)
07/??/19     powersuitrecall  (47)
07/??/19     Enigma  (39)
07/??/19     Thedividebyzero  (45)
07/01/19     Freedomin5 (38)
07/03/19     Gerard
07/03/19     Miss Piggy
08/12/19     Canadian Ben  (29)
08/19/18     Chairman                         OLY -- CONFIRMED 2018
09/02/19     Cornbread OMalley  (42)
09/??/19     RetirementDreaming
09/27/19     Spreadsheet Man
10/01/19     2Birds1Stone  (32)
10/??/19     Linda_Norway
10/??/19     VoteCthulu  (39)
10/??/19     Trix76  (43)
10/??/19     MoMan  (55)
10/??/19     Dreamer
12/??/19     markbike528cbx  (55)        OLY -- CONFIRMED 6/1/18; checking in as OP
12/??/19     HBFI  (38)
12/??/19     luckyme13  (45)
12/27/19     moxie
12/31/19     texxan1  (47)


2019 Cohort with date TBD:
Lowerbills (40)
getoutsoon (52)
Elaine amj (40)
IPlawyer

5/31/19 for me, to be specific. Eligibility date is 5/7/19, but staying until the end of the month ensures continuity of pay (pension), and I don't plan on being around much those last few weeks anyway.

dude

  • Handlebar Stache
  • *****
  • Posts: 2247
Re: 2019 fire cohort
« Reply #1180 on: October 01, 2018, 07:51:12 AM »
Are any of you going to move to a different area after FIRE, to cash in the value of your house, or for other reasons?

Not initially, no. But plan to keep that option in the back pocket for when it might make sense for us. Our home value has shot up pretty considerably, and I don't see that trend stopping any time in the foreseeable future in the city we live in.

Loren Ver

  • Bristles
  • ***
  • Posts: 291
  • Location: Indianapolis IN
Re: 2019 fire cohort
« Reply #1181 on: October 01, 2018, 08:53:03 AM »
Are any of you going to move to a different area after FIRE, to cash in the value of your house, or for other reasons?

Not initially, no. But plan to keep that option in the back pocket for when it might make sense for us. Our home value has shot up pretty considerably, and I don't see that trend stopping any time in the foreseeable future in the city we live in.

We are also a no, unless that changes.  We have a VERY low cost house.  We will pay it off before FIRE.  If we do sell, it will be because we are moving to something, not away from.

We also really value our friend network were we are.  Not gonna leave that behind.

LV

Trifele

  • Handlebar Stache
  • *****
  • Posts: 1611
  • Location: US
Re: 2019 fire cohort
« Reply #1182 on: October 01, 2018, 09:08:30 AM »
Are any of you going to move to a different area after FIRE, to cash in the value of your house, or for other reasons?

@Linda_Norway , initially we are staying put.  Our house is paid off and in a gorgeous rural location we love.  It is a lot of equity tied up, and eventually we will sell when we are old and can no longer perform the necessary work, and use the money to buy an apartment or condo.  That's the plan.  :)

@dude -- got your date added.

itchyfeet

  • Pencil Stache
  • ****
  • Posts: 639
Re: 2019 fire cohort
« Reply #1183 on: October 01, 2018, 11:25:50 AM »
Are any of you going to move to a different area after FIRE, to cash in the value of your house, or

Yeah, we are moving twice. We have to move back to Australia, then sell our expensive inner city home and then buy somewhere more affordable.

Trifele

  • Handlebar Stache
  • *****
  • Posts: 1611
  • Location: US
Re: 2019 fire cohort
« Reply #1184 on: October 01, 2018, 11:42:52 AM »
Hello friends.  Happy October!

Seriously considering OLY . . . I'll decide within the next couple of weeks and you will be the first to know!

Loren Ver

  • Bristles
  • ***
  • Posts: 291
  • Location: Indianapolis IN
Re: 2019 fire cohort
« Reply #1185 on: October 01, 2018, 02:27:27 PM »
Hello friends.  Happy October!

Seriously considering OLY . . . I'll decide within the next couple of weeks and you will be the first to know!

A very good place to be indeed.

TartanTallulah

  • Pencil Stache
  • ****
  • Posts: 521
  • Location: The Middle of Scenic Nowhere
Re: 2019 fire cohort
« Reply #1186 on: October 02, 2018, 02:53:32 PM »
Are any of you going to move to a different area after FIRE, to cash in the value of your house, or for other reasons?
We will do that, both to cash in the house and to move to a more outdoorsy area. We intend to rent a place first.

Not immediately, maybe not at all. But it's something I'm thinking about. 

We live in a very LCOL town, we're comfortable and settled where we are, moving is stressful, and I've said for years that the only place I'd move to is a honeypot town 15 miles away with most of the amenities we'll need within walking distance, and that would require a financial windfall in excess of my retirement savings. But the thing most likely to persuade us to move would be one or other of our kids settling down and having a family, and us wanting to be closer to them.

We'd also sell and rent first before deciding to buy a place.

Trifele

  • Handlebar Stache
  • *****
  • Posts: 1611
  • Location: US
Re: 2019 fire cohort
« Reply #1187 on: October 07, 2018, 05:58:16 AM »
It's been quiet for the last few days on the thread -- how's everyone doing?

I've got my head down here, just trying to gut it out.  Had a brutal couple of days at work, but I'm still resolved to work for a bit yet to achieve a bonus carrot.  Hopefully this recent stress is not adding a significant amount to the psychological crap that I'll need to decompress from after FIRE . . .

Hang in there everyone!!

Updated/bumped the roster:

01/01/19     MoneyStacher  (50)         OLY -- CONFIRMED 2018
01/31/19     PhilB  (52)                      OLY -- Planning 10/25/18
02/01/19     Trifele (51)
02/01/19     Cycling Stache (44)
02/15/19     sui generis  (41)              OLY -- CONFIRMED 8/17/18.
02/25/19     MaybeBabyMustache
02/??/19     zinnie  (35)
03/15/19     exit2019  (40)
03/19/19     ChasesFish
03/??/19     MissNancyPryor  (50)     
03/??/19     Roboturner  (30)
03/??/19     Edgema
03/29/19     JumboShrimp
03/31/19     TartanTallulah  (55)          OLY -- Planning 10/31/2018.   
03/31/19     BlindSquirrel
04/01/19     HalfStached  (41)
04/01/19     Gerardc  (35)
04/01/19     JoJo (45)
04/??/19     Luck12  (41)
05/01/19     Albireo13  (61)
05/??/19     cerat0n1a                         OLY -- CONFIRMED 2018                           
05/??/19     SamIAm38  (29)
05/??/19     FIRE 20/20  (42)
05/14/19     Mr. Ver (40)
05/17/19     Loren Ver (37)
05/31/19     Pylortes  (42)
05/31/19     Odiedog8590  (62)
05/31/19     Livingthedream55  (59)
05/31/19     dude   
06/01/19     Prairie Stash
06/06/19     Bognish (44)
06/07/19     DreamFire
06/21/19     Parizade  (62)
06/22/19     Waffles  (52)
06/??/19     Oldtoyota
06/??/19     Itchyfeet  (47)
06/??/19     Bateaux  (50)
06/??/19     CryingInThePool  (44)
07/??/19     powersuitrecall  (47)
07/??/19     Enigma  (39)
07/??/19     Thedividebyzero  (45)
07/01/19     Freedomin5 (38)
07/03/19     Gerard
07/03/19     Miss Piggy
08/12/19     Canadian Ben  (29)
08/19/18     Chairman                         OLY -- CONFIRMED 2018
09/02/19     Cornbread OMalley  (42)
09/??/19     RetirementDreaming
09/27/19     Spreadsheet Man
10/01/19     2Birds1Stone  (32)
10/??/19     Linda_Norway
10/??/19     VoteCthulu  (39)
10/??/19     Trix76  (43)
10/??/19     MoMan  (55)
10/??/19     Dreamer
12/??/19     markbike528cbx  (55)        OLY -- CONFIRMED 6/1/18; checking in as OP
12/??/19     HBFI  (38)
12/??/19     luckyme13  (45)
12/27/19     moxie
12/31/19     texxan1  (47)


2019 Cohort with date TBD:
Lowerbills (40)
getoutsoon (52)
Elaine amj (40)
IPlawyer



SpareChange

  • Bristles
  • ***
  • Posts: 381
Re: 2019 fire cohort
« Reply #1188 on: October 07, 2018, 09:28:52 AM »
It's been quiet for the last few days on the thread -- how's everyone doing?

I've got my head down here, just trying to gut it out.  Had a brutal couple of days at work, but I'm still resolved to work for a bit yet to achieve a bonus carrot.  Hopefully this recent stress is not adding a significant amount to the psychological crap that I'll need to decompress from after FIRE . . .

Hang in there everyone!!

Good morning! I'm on call, so just chilling. My dominant arm has been bothering me from overuse this week, so I'm giving it some rest. Mon-Wed were very busy. Looks like I'll be going in this afternoon for a couple of hours though.

MissNancyPryor

  • Bristles
  • ***
  • Posts: 419
  • Age: 49
  • Location: Northwest USA
  • The Stewardess is Flying the Plane!
Re: 2019 fire cohort
« Reply #1189 on: October 07, 2018, 10:47:54 AM »
Hey Nineteen-  Quick check in with the cohort.  I haven't written in my journal for a while and have been up and down a lot.  I am hoping to get a few embers going with a post.     

Quick backstory - My life blew up in April of 2017 when my X Asshat husband abandoned me by e-mail after 28 years of marriage.  He cheated with a co-worker half his age and moved to Europe permanently with her this spring.  (But of course still denies anything is going on, sigh.  He is a fucking cartoon.  Good riddance.)

I pulled myself out of chaos and got more than half in the divorce, bought my own place for cash, and have watched my investments march upward.  Life has peace but I still wish for joy.  Work, as ever, sucks.   

Prior to the disappearing act from the man-baby I had been shooting for a March 2019 retirement but presumed that with about 55% of the original, married net worth it was all a bust and figured I was sentenced to several additional years of the grind.  Over the last months my mind has been working on that.   

My 2 adult daughters graduated from their various colleges this summer and I decided that once they get medical insurance on their own I would be able to go.  They would either get professional jobs or turn 26, hopefully the former.  But my mind has been working on that, too. 

I have monitored my solo expenses closely and of course I have 100% control over them.  No debt and hardwired frugal habits.  With the home purchase I got some furnishings and tools, a few home improvements, and also upgraded my car for cash this year.  When I subtract those unusual expenses I see I can easily live on 3% of my stache, no home equity included.  I should be golden, right?  I am a little concerned on the amount of accessible, non-retirement cash available because I would still like to update the kitchen in this home and that could cause a bit of a SOR risk in the early RE days if I do follow through with the 2019 plan.

Staying just One More Year has a huge benefit and it gnaws at me.  Building up cash, removing SOR risks, getting my mind right, giving the daughters time to get their feet under them.  I feel like I am in the final minute heavy burn on the rowing machine after killing it:  "JUST GO GO GO GO GO GO YOU CAN DO IT AND IF YOU DO GO GO GO GO YOU GET AN EXTRA 100K IN SAVED CASH which you will live off of for 2+ years and never touch your stache AND remodel the kitchen and it settles your W-2 income to zero!"  Frenetic thoughts of why I should stay are punctuated with loathing for the job and travel and political bullshit and its affect on my health.

March 2019 is a badass dream and a big FU to the events in my life that threatened to cut me down.  I would win against self-styled forces of evil but I would be a bit scared.  OTOH if I can just survive OMY I get the fabulous prize of cushion and comfort and a pile of dough and the satisfaction of getting off the machine after burning it up.  Forever.

I know you all understand, these are the things that weigh on me.     

   

markbike528CBX

  • Pencil Stache
  • ****
  • Posts: 836
  • Location: the Everbrown part of the Evergreen State (WA)
Re: 2019 fire cohort
« Reply #1190 on: October 07, 2018, 11:30:20 AM »
Snip....backstory ....snip...
 When I subtract those unusual expenses I see I can easily live on 3% of my stache, no home equity included.  I should be golden, right?  I am a little concerned on the amount of accessible, non-retirement cash available because I would still like to update the kitchen in this home and that could cause a bit of a SOR risk in the early RE days if I do follow through with the 2019 plan.
 
...snip.....
March 2019 is a badass dream and a big FU to the events in my life that threatened to cut me down.  I would win against self-styled forces of evil but I would be a bit scared.  OTOH if I can just survive OMY I get the fabulous prize of cushion and comfort and a pile of dough and the satisfaction of getting off the machine after burning it up.  Forever.

I know you all understand, these are the things that weigh on me.     

MissNancyPryor,
Thanks for including the backstory, it's helpful for those of us who tune out the Journals.
3% "easily" yep, you are golden.
Unless the 100k is > 10% of the stache then I think OMY is a waste of time and effort.

Living well is the best revenge ( or FU).    2019 cohort rocks!

Edit ::  I'm with itchy feet, retiring at the start of summer is so cool!
« Last Edit: October 07, 2018, 12:06:30 PM by markbike528CBX »

itchyfeet

  • Pencil Stache
  • ****
  • Posts: 639
Re: 2019 fire cohort
« Reply #1191 on: October 07, 2018, 11:56:16 AM »
Go Nancy!

I see no point you working an extra year if you are down to 3% plus a house that you could always cash in if need be.

If you are worried about the cost of the kitchen remodel, maybe work 2 extra months to cover the cost of that project so you have no guilt spending the money, and then bail just before summer and enjoy the freedom.
« Last Edit: October 07, 2018, 07:48:03 PM by itchyfeet »

oldtoyota

  • Magnum Stache
  • ******
  • Posts: 3059
Re: 2019 fire cohort
« Reply #1192 on: October 07, 2018, 12:04:31 PM »
It's been quiet for the last few days on the thread -- how's everyone doing?

I've got my head down here, just trying to gut it out.  Had a brutal couple of days at work, but I'm still resolved to work for a bit yet to achieve a bonus carrot.  Hopefully this recent stress is not adding a significant amount to the psychological crap that I'll need to decompress from after FIRE . . .

Hang in there everyone!!


Good here. Spouse wants more in the stash. Spouse will keep working for enjoyment and health insurance. My plan is to continue the consulting business, because I enjoy it. We have some unknowns in early 2019, and those will affect our plans. I feel pretty good about it now and am proud of what we accomplished together!

itchyfeet

  • Pencil Stache
  • ****
  • Posts: 639
Re: 2019 fire cohort
« Reply #1193 on: October 07, 2018, 12:24:35 PM »
It's been quiet for the last few days on the thread -- how's everyone doing?

I've got my head down here, just trying to gut it out.  Had a brutal couple of days at work, but I'm still resolved to work for a bit yet to achieve a bonus carrot.  Hopefully this recent stress is not adding a significant amount to the psychological crap that I'll need to decompress from after FIRE . . .

Hang in there everyone!!


Good here. Spouse wants more in the stash. Spouse will keep working for enjoyment and health insurance. My plan is to continue the consulting business, because I enjoy it. We have some unknowns in early 2019, and those will affect our plans. I feel pretty good about it now and am proud of what we accomplished together!

I want more in the stash too, but we値l worry about that post fire.

A little here and a little there over the next 20 or 30 years and we should be sweet..... I hope..

We will be travelling for an extended, (duration to be decided on the road), period post Fire  and I spent a chunk of Sat morning pricing accom, flights etc for the first few months of the trip. It was fun day dreaming about next year. I was tempted to really commit by booking flights, but know that I really must wait until I have submitted my resignation, which will be in Feb as soon as my 2018 bonus is confirmed. The days are flashing by.

oldtoyota

  • Magnum Stache
  • ******
  • Posts: 3059
Re: 2019 fire cohort
« Reply #1194 on: October 07, 2018, 03:22:15 PM »

I want more in the stash too, but we値l worry about that post fire.


Will you do a little work in retirement or wait and see if it is necessary?

Pylortes

  • Stubble
  • **
  • Posts: 183
Re: 2019 fire cohort
« Reply #1195 on: October 07, 2018, 04:45:56 PM »
Snip....backstory ....snip...
 When I subtract those unusual expenses I see I can easily live on 3% of my stache, no home equity included.  I should be golden, right?  I am a little concerned on the amount of accessible, non-retirement cash available because I would still like to update the kitchen in this home and that could cause a bit of a SOR risk in the early RE days if I do follow through with the 2019 plan.
 
...snip.....
March 2019 is a badass dream and a big FU to the events in my life that threatened to cut me down.  I would win against self-styled forces of evil but I would be a bit scared.  OTOH if I can just survive OMY I get the fabulous prize of cushion and comfort and a pile of dough and the satisfaction of getting off the machine after burning it up.  Forever.

I know you all understand, these are the things that weigh on me.     

MissNancyPryor,
Thanks for including the backstory, it's helpful for those of us who tune out the Journals.
3% "easily" yep, you are golden.
Unless the 100k is > 10% of the stache then I think OMY is a waste of time and effort.

Living well is the best revenge ( or FU).    2019 cohort rocks!

Edit ::  I'm with itchy feet, retiring at the start of summer is so cool!

I知 leaning the other way on this.  With her sudden life changes OMY would be totally understandable and sounds like would come with significant financial reward and peace of mind/confidence.  She didn稚 lay out all the details though,  but under the limited things she listed OMY might be a good plan.

MissNancyPryor

  • Bristles
  • ***
  • Posts: 419
  • Age: 49
  • Location: Northwest USA
  • The Stewardess is Flying the Plane!
Re: 2019 fire cohort
« Reply #1196 on: October 07, 2018, 05:03:50 PM »
Go Nancy!

I see no point you working an extra year if you are down to 3% plus a house that you could always cash in onions need be.

If you are worried about the cost of the kitchen remodel, maybe work 2 extra months to cover the cost of that project so you have no guilt spending the money, and then bail just before summer and enjoy the freedom.

Great points.  As I was writing that post it did strike me that there was no magic about spring 2019, I could do exactly as you suggest and drift a bit to cover the big expense.  I have chosen March because that is bonus season.  Leaving before the figure is determined guarantees there will be a smaller bonus.  Leaving after that when I rebuild cash post-kitchen, or maybe even negotiating a part time "glide path" out the door with minimal travel while they fuss about what to do with my role could be the ticket.  There is power in quitting and maybe I can negotiate something sweet like that for a few months for a soft landing.

I may yet be a 2019 cohort graduate then, maybe with a summer school session to rebuild and zero hassles permitted. 

Thanks for the recharge @markbike528CBX and @itchyfeet, just what I needed.  I travelled cross-country the week of Sept 24th and came back with a blistering cold that kept me down all last week and I still feel like total crap physically.  And back to the grind tomorrow before another trip the following week.  Just need to get off this wheel. 

These are good Sunday thoughts to carry me onward though, many thanks. 

MissNancyPryor

  • Bristles
  • ***
  • Posts: 419
  • Age: 49
  • Location: Northwest USA
  • The Stewardess is Flying the Plane!
Re: 2019 fire cohort
« Reply #1197 on: October 07, 2018, 05:17:37 PM »
Snip....backstory ....snip...
 When I subtract those unusual expenses I see I can easily live on 3% of my stache, no home equity included.  I should be golden, right?  I am a little concerned on the amount of accessible, non-retirement cash available because I would still like to update the kitchen in this home and that could cause a bit of a SOR risk in the early RE days if I do follow through with the 2019 plan.
 
...snip.....
March 2019 is a badass dream and a big FU to the events in my life that threatened to cut me down.  I would win against self-styled forces of evil but I would be a bit scared.  OTOH if I can just survive OMY I get the fabulous prize of cushion and comfort and a pile of dough and the satisfaction of getting off the machine after burning it up.  Forever.

I know you all understand, these are the things that weigh on me.     

MissNancyPryor,
Thanks for including the backstory, it's helpful for those of us who tune out the Journals.
3% "easily" yep, you are golden.
Unless the 100k is > 10% of the stache then I think OMY is a waste of time and effort.

Living well is the best revenge ( or FU).    2019 cohort rocks!

Edit ::  I'm with itchy feet, retiring at the start of summer is so cool!

I知 leaning the other way on this.  With her sudden life changes OMY would be totally understandable and sounds like would come with significant financial reward and peace of mind/confidence.  She didn稚 lay out all the details though,  but under the limited things she listed OMY might be a good plan.

I have a problem with my leaning fo sho, @Pylortes

The $100K is only about 7% of the non-house stache.  Represents a couple years' expenses and a kitchen.  Bazinga, presto, problem solved.  Just work OMY. 

Then I lean. 

So I will explore the idea of removing the magic of March 2019, have my 50th birthday, and give myself some grace.  I still kicked this thing in the head considering my life was pretty dang crushed not so long ago.  Maybe I can still make it with the cohort. 

It is a good day today after all. 

itchyfeet

  • Pencil Stache
  • ****
  • Posts: 639
Re: 2019 fire cohort
« Reply #1198 on: October 07, 2018, 08:00:05 PM »

I want more in the stash too, but we値l worry about that post fire.


Will you do a little work in retirement or wait and see if it is necessary?

DW is currently of the mind that she wants to continue working casual, as a relief teacher, as she likes teaching and likes her fellow teachers. I am imagining she will earn at least 20K a year for at least 10 years I suppose (could be 5 years or could be 25 years I suppose). I doubt she will work full time ever again.

For me, I really don稚 know, maybe I値l do some contract work, maybe not. I will decide after our travel, which will most likely be for 9 months, but TBD. I have no ambition to work in my current line of work, but doing something completely different has some appeal..... maybe. I値l get through the next 18 months or so and see how I feel.

If we buy a house at the right price, and sell our existing house for the right price, then work will be strictly optional. We have a decent sized stash by MMM metrics.

oldtoyota

  • Magnum Stache
  • ******
  • Posts: 3059
Re: 2019 fire cohort
« Reply #1199 on: October 07, 2018, 08:41:45 PM »

I want more in the stash too, but we値l worry about that post fire.


Will you do a little work in retirement or wait and see if it is necessary?

DW is currently of the mind that she wants to continue working casual, as a relief teacher, as she likes teaching and likes her fellow teachers. I am imagining she will earn at least 20K a year for at least 10 years I suppose (could be 5 years or could be 25 years I suppose). I doubt she will work full time ever again.

For me, I really don稚 know, maybe I値l do some contract work, maybe not. I will decide after our travel, which will most likely be for 9 months, but TBD. I have no ambition to work in my current line of work, but doing something completely different has some appeal..... maybe. I値l get through the next 18 months or so and see how I feel.

If we buy a house at the right price, and sell our existing house for the right price, then work will be strictly optional. We have a decent sized stash by MMM metrics.

Thanks for sharing. I enjoy hearing your plans!