Author Topic: 2019 fire cohort  (Read 209635 times)

Loren Ver

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Re: 2019 fire cohort
« Reply #1550 on: December 30, 2018, 12:50:28 PM »
Welcome @Bingeworker !  That sounds like a great retirement date!

As for me, I started getting the Sunday blues on Friday and I don't have to go back to work until Jan 2nd.  Aww man, not cool.  There is a very large study that is waiting for my review once I get back.  I am not looking forward to that. 

The markets have been rough with us, but we are still good for our end of March dates even if we get no growth in 2019.  If we have major losses in 2019, things will get interesting, but we don't plan to pull out any money until Dec 2019, and don't HAVE to pull out money until a few months after that to refill some coffers.  I am really looking forward to adding money in at a discount. 

Some 2019 plans:

I have a two week trip with my mother in law end of Jan/Early Feb.  Great way to split up the last three months!

Our "good-bye work" travel starts April first (HA!).  We are planning on driving the route 66 (what is left of it) with plans to hit the Trinity site on one of the two days per year that it is open, among other things.  We like tacky things, as well as lovely views, but mostly tacky things :).

Then in July we have a family reunion in Wisconsin, so we plan on hitting some of the local sites on our voyage (more tacky things).  None of the family knows our FIRE plans, so that should be interesting.  Many of them have also not met DH, so that should be interesting as well. 

So exciting!!

Loren

Livingthedream55

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Re: 2019 fire cohort
« Reply #1551 on: December 31, 2018, 08:15:06 AM »
Sounds like there are several people on the fence now, watching the markets and weighing their options.  I don't think anyone has officially decided to OMY yet . . . ?

Pulling the list forward.  Hope you all have a good weekend.  2019 is almost here!!!

Add me ... January 1, 2019.  I will work a 12 hour shift on New Year's Eve, and then will stop working for money.  I will actually still work two days a month to keep my skills current as a precaution, since my < 3% withdrawal rate still makes my husband nervous (plus, as pathologically cautious person myself, it might be too scary otherwise to quit completely), but Jan. 1 is my freedom date.  I can't wait!
@Bingeworker   Congratulations on your last day of full-time work! Woohoo!

2Birds1Stone

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Re: 2019 fire cohort
« Reply #1552 on: December 31, 2018, 09:00:03 AM »
I'm going to take an 8-10 week LoA regardless of what happens in the markets. And moving that date up to July 8th :)

markbike528CBX

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Re: 2019 fire cohort
« Reply #1553 on: December 31, 2018, 02:02:09 PM »
..snip.....
Our "good-bye work" travel starts April first (HA!).  We are planning on driving the route 66 (what is left of it) with plans to hit the Trinity site on one of the two days per year that it is open, among other things.  We like tacky things, as well as lovely views, but mostly tacky things :).  ..snip...

Loren
Glad I'm not the only nerd. It is amazing how many people show up at TRINITY, yet are freaked out by a Geiger counter.
Other sights "nearby", include Robert H. Goddard ( rocket pioneer) museum in Roswell, the National Museum of Nuclear Science & History in Albuquerque, the VLA (Very Large Array, background to the movie Contact).

Fortunate NON-conversation:
TSA Agent, what's this in your carry on?
Me, a GM, a nuclear radiation detector.
TSA Agent, What are you doing with it?
Me, going on vacation.

I realized later that my entry and exit airports were probably the only ones where an Eberline (based in Albuquerque) GM wouldn't have caused much interest.

Edit new museum name, GM story.
« Last Edit: December 31, 2018, 02:23:14 PM by markbike528CBX »

Rubyvroom

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Re: 2019 fire cohort
« Reply #1554 on: December 31, 2018, 05:52:03 PM »
I am posting a pre-emptive “Congratulations!” to all of you in the upcoming year’s cohort.  I shall live vicariously through your triumphs in these next 12 months, so kick some butt.

Pretty much what I am here for too (aka, PTF). Get at it 2019! :)

itchyfeet

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Re: 2019 fire cohort
« Reply #1555 on: January 01, 2019, 03:36:08 AM »
Well folks, finally after the long haul of accumulation we have made it to OUR year. Congratulations to all of you.

I still have not whispered a word of my intentions to anyone other than DW.

Over XMas I was having a drink with a friend and saying that I had suffered enough in my job and would repatriate to Australia this year. I mentioned that my aim was to get out of work as early as I could so was not so focussed on further career progression. He asked when was I going to stop work... I wasn’t ready to share my dreams of FIRE this year so said 55 (I am 47).

He replied “why would you want to retire at 55??  You will most likely live to over 90!!  What would you do for 40 years?”.

He certainly isn’t looking at the opportunities the world presents in the same way as me, so i let the conversation move on.

I still feel that telling people I am going to stop working at 47 to be a full time adventurer, middle aged athlete (I am very far from this atm) and coffee connoisseur is rather outrageous and preposterous, and even ridiculous. Even when I FIRE I doubt I will tell anyone what my long term dreams are. For now it will just be “taking a break between expat life and finding a new job back home”.

2019 is going to be EPIC!

Trifele

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Re: 2019 fire cohort
« Reply #1556 on: January 01, 2019, 04:44:40 AM »
Happy New Year everyone!  After all our planning, hoping, dreaming, and talking -- 2019 is here. 

Waiting to hear from @Bingeworker.  We may have our first FIRE-ee of the year already?

Loren Ver

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Re: 2019 fire cohort
« Reply #1557 on: January 01, 2019, 06:48:48 AM »
Welcome 2019!!!  We have been waiting so (or not so) patiently for you!!!

I have to go back to work tomorrow but I'm not done being on vacation :(.


..snip.....
Our "good-bye work" travel starts April first (HA!).  We are planning on driving the route 66 (what is left of it) with plans to hit the Trinity site on one of the two days per year that it is open, among other things.  We like tacky things, as well as lovely views, but mostly tacky things :).  ..snip...

Loren
Glad I'm not the only nerd. It is amazing how many people show up at TRINITY, yet are freaked out by a Geiger counter.
Other sights "nearby", include Robert H. Goddard ( rocket pioneer) museum in Roswell, the National Museum of Nuclear Science & History in Albuquerque, the VLA (Very Large Array, background to the movie Contact).

Fortunate NON-conversation:
TSA Agent, what's this in your carry on?
Me, a GM, a nuclear radiation detector.
TSA Agent, What are you doing with it?
Me, going on vacation.

I realized later that my entry and exit airports were probably the only ones where an Eberline (based in Albuquerque) GM wouldn't have caused much interest.

Edit new museum name, GM story.

HAHA!  No, not the only nerd.  I've worked in radioactive labs for about 10 years, so actually appreciate well functioning Geiger meters.  If they are totally quiet, something has gone wrong :). 

Thank you for the other suggestions, we are still looking to fill in the rest of the trip (adding in the limiting or dated options first).  It is nice to have a trip where we have a start date, but the end date is when we are ready to be home again. 

Loren

Half Stached

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Re: 2019 fire cohort
« Reply #1558 on: January 01, 2019, 09:52:32 AM »
Year end numbers are in, and I have just three months until freedom!

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%
1/19: 63.8%

Well, that was a rough quarter - we lost about 100K with the market drop. However, everything has been set in motion and there is no looking back! Even with this, between my severance package, my wife's work and my salable collectables, we'll be fine. March 5 here we come!

LadyMaWhiskers

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Re: 2019 fire cohort
« Reply #1559 on: January 01, 2019, 11:35:20 AM »
And just like that, quite lacking fanfare, mortgage is paid off! It didn’t seem too real sending the check, but getting a $1.87 refund is helping to make it real.

Murphy paid a timely visit in December, with hospital bills to calm the exuberant cash-stacking that would otherwise have commenced today

Linda_Norway

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Re: 2019 fire cohort
« Reply #1560 on: January 01, 2019, 01:14:28 PM »
And just like that, quite lacking fanfare, mortgage is paid off! It didn’t seem too real sending the check, but getting a $1.87 refund is helping to make it real.

Murphy paid a timely visit in December, with hospital bills to calm the exuberant cash-stacking that would otherwise have commenced today

Congrats on paying off your mortgage.

markbike528CBX

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Re: 2019 fire cohort
« Reply #1561 on: January 01, 2019, 07:44:41 PM »
Year end numbers are in, and I have just three months until freedom!

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%
1/19: 63.8%

Well, that was a rough quarter - we lost about 100K with the market drop. However, everything has been set in motion and there is no looking back! Even with this, between my severance package, my wife's work and my salable collectables, we'll be fine. March 5 here we come!

Congratulations for powering through the tough quarter! 
There are people on the 2M-3M thread who are backpedaling (OMY, TMY,IndefiniteMY) much faster than they got there.

markbike528CBX

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Re: 2019 fire cohort
« Reply #1562 on: January 01, 2019, 07:58:34 PM »
Welcome 2019!!!  We have been waiting so (or not so) patiently for you!!!

I have to go back to work tomorrow but I'm not done being on vacation :(.


..snip.....
Our "good-bye work" travel starts April first (HA!).  We are planning on driving the route 66 (what is left of it) with plans to hit the Trinity site on one of the two days per year that it is open, among other things.  We like tacky things, as well as lovely views, but mostly tacky things :).  ..snip...

Loren
Glad I'm not the only nerd. It is amazing how many people show up at TRINITY, yet are freaked out by a Geiger counter.
Other sights "nearby", include Robert H. Goddard ( rocket pioneer) museum in Roswell, the National Museum of Nuclear Science & History in Albuquerque, the VLA (Very Large Array, background to the movie Contact).

Fortunate NON-conversation:
TSA Agent, what's this in your carry on?
Me, a GM, a nuclear radiation detector.
TSA Agent, What are you doing with it?
Me, going on vacation.

I realized later that my entry and exit airports were probably the only ones where an Eberline (based in Albuquerque) GM wouldn't have caused much interest.

Edit new museum name, GM story.

HAHA!  No, not the only nerd.  I've worked in radioactive labs for about 10 years, so actually appreciate well functioning Geiger meters.  If they are totally quiet, something has gone wrong :). 

Thank you for the other suggestions, we are still looking to fill in the rest of the trip (adding in the limiting or dated options first).  It is nice to have a trip where we have a start date, but the end date is when we are ready to be home again. 

Loren

If you are on a plane, no sound is best.   
If people who intentionally go to Trinity and are freaked out by a clicking GM, imagine the reaction on a plane at 30,000 ft , (10K cpm x 10% efficiency, ~1666 Bq).   
Trinity at waist level at the tower footings was ?<5k cpm?  Socorro background 4600 was ~500cpm.
I felt like Moses parting the Red Sea of people.

I made damn sure the sound was off (triple self check).

Bingeworker

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Re: 2019 fire cohort
« Reply #1563 on: January 01, 2019, 08:04:16 PM »
Happy New Year everyone!  After all our planning, hoping, dreaming, and talking -- 2019 is here. 

Waiting to hear from @Bingeworker.  We may have our first FIRE-ee of the year already?

Thanks everyone for the welcome!  Yes, I am FIREd.  Today was my first day of not working for a living any more.

My story in a nutshell:  I never really planned on FI, as I was someone who realized within 3 years of finishing university that full-time work was not for me.  I took two stabs at being a normal person with a full-time job within that span. One lasted 4.5 months, the other lasted 3 months.  I'd had part-time jobs in there too, and realized that I was not a big spender, and my middle-class income level (I am a nurse) was enough to support my modest lifestyle.

Back then (1989), working minimalist like I did was not really a thing, and many warned me against it, saying that those were my most important earning years, and that I would get behind and never catch up.  While I am not a math person, I am pretty good with big-picture financial estimations, and I knew I was on the right track, despite swimming completely against the flow.  I also just LOATHED working full-time and not having my freedom, and I was very frugal naturally, and was unwilling to trade my life for money.  My brother actually was planning to retire early though, and I read a book that he had read, Charles Long's "How to Survive Without a Salary", 1992, which gave me the reassurance that part-time work by design might be unconventional, but would work just fine.

What I didn't expect, is that I would gradually reach FI anyway.  I had just assumed I would work part-time forever as that would be the trade-off for not being a conventional full-time employee.  I'm not sure when exactly I became FI, but I noticed it last year, when I was concerned my 40% part-time job was going to end, and I examined my finances to see how much less I could work if I had to look for a new job.  I did the math and was surprised to find that the answer was that I really did not have to work at all.  That's when I came back to this forum and read some threads and looked at the links to the various FI calculators, and added up what I would get for CPP and OAS (I am Canadian), and no matter what scenario I fed it, I was getting 100% success rates if I quit immediately.

Well, this of course increased my job dissatisfaction, and I eventually resigned from my part-time gig, effective end of November.  However, during my one-month's notice, a 10% part-time job in a different unit of the same department of my employer was posted.  I applied, not expecting to get it as I really did only want to work the 10% and they usually want someone desperate for work who will pick up extra work, but I did get it.  This led to a very weird retirement transition scenario, where 3 days after my old job ended, I had to immediately start full-time at the new one for a month, to get oriented to the new position.

So that ended yesterday, and now I am free!  I will work one day every two weeks, which keeps my husband from getting nervous, and me too actually, as we are pathologically cautious and responsible with money.  It's not for the actual money, I don't need it and I know it, it's rather a way to preserve my ability to earn an income, as a hedge against any future rampant inflation events.  I know it's unlikely to occur, but in these early years of retirement at least, it puts the last duck in a row for total security, or as close as anyone can ever get.

Even though I have been part-time all my working life, it still feels AMAZING to be free.  Even 40% was just eating up so much of my time!  Work consumes mental energy and seeps into free time.  My tiny remaining gig should not do so too much, it's a "show up once every 14 days, work 8-12 hours, and go away again" type of job, the one I had before that was a little more involved.

I am really looking forward to watching the rest of you meet your 2019 exit dates!  Whoohoo!  Let the freedom begin!!!

Trifele

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Re: 2019 fire cohort
« Reply #1564 on: January 02, 2019, 04:08:49 AM »
Congratulations to Bingeworker, our first FIRE of the year! 


2019 FIRE Cohort:

01/01/19     Bingeworker (52)   CONFIRMED
01/31/19     Trifele (51)
02/01/19     Cycling Stache (44)
02/08/19     Socmonkey (37)
02/25/19     MaybeBabyMustache
02/??/19     zinnie  (35)
03/15/19     exit2019  (40)
03/19/19     ChasesFish (36)
03/??/19     MissNancyPryor  (50)     
03/??/19     Roboturner  (30)
03/??/19     Edgema
03/29/19     JumboShrimp
03/31/19     BlindSquirrel
03/31/19     Mr. Ver (39)
03/31/19     Loren Ver (36)
04/01/19     HalfStached  (41)
04/01/19     Gerardc  (35)
04/01/19     JoJo (45)
04/01/19     Ryder (39)
04/19/19     Eric
04/23/19     Lews Therin (29)
04/??/19     Luck12  (41)
04/??/19     PowerStache (43)
05/01/19     Albireo13  (61)                   
05/??/19     SamIAm38  (29)
05/??/19     FIRE 20/20  (42)
05/31/19     Pylortes  (42)
05/31/19     Odiedog8590  (62)
05/31/19     Livingthedream55  (59)
05/31/19     dude   
06/01/19     Prairie Stash
06/07/19     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/??/19     Keeks
07/01/19     Freedomin5 (38)
07/03/19     Gerard
07/03/19     Miss Piggy
08/01/19     SugarMountain
09/02/19     Cornbread OMalley  (42)  Date Confirmed
09/??/19     RetirementDreaming
10/01/19     2Birds1Stone  (32)
10/01/19     Linda_Norway
10/??/19     VoteCthulu  (39)
10/??/19     Trix76  (43)
10/??/19     MoMan  (55)
10/??/19     Dreamer
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)
IPlawyer
MustacheAnxiety
forward

« Last Edit: January 02, 2019, 05:50:40 AM by Trifele »

Linda_Norway

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Re: 2019 fire cohort
« Reply #1565 on: January 02, 2019, 04:58:14 AM »
@Bingeworker : welcome. How is your husband's situation? Is he also FIREd? Do you have shared finances?

Loren Ver

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Re: 2019 fire cohort
« Reply #1566 on: January 02, 2019, 06:29:32 AM »
Welcome 2019!!!  We have been waiting so (or not so) patiently for you!!!

I have to go back to work tomorrow but I'm not done being on vacation :(.


..snip.....
Our "good-bye work" travel starts April first (HA!).  We are planning on driving the route 66 (what is left of it) with plans to hit the Trinity site on one of the two days per year that it is open, among other things.  We like tacky things, as well as lovely views, but mostly tacky things :).  ..snip...

Loren
Glad I'm not the only nerd. It is amazing how many people show up at TRINITY, yet are freaked out by a Geiger counter.
Other sights "nearby", include Robert H. Goddard ( rocket pioneer) museum in Roswell, the National Museum of Nuclear Science & History in Albuquerque, the VLA (Very Large Array, background to the movie Contact).

Fortunate NON-conversation:
TSA Agent, what's this in your carry on?
Me, a GM, a nuclear radiation detector.
TSA Agent, What are you doing with it?
Me, going on vacation.

I realized later that my entry and exit airports were probably the only ones where an Eberline (based in Albuquerque) GM wouldn't have caused much interest.

...snip

Loren

If you are on a plane, no sound is best.   
If people who intentionally go to Trinity and are freaked out by a clicking GM, imagine the reaction on a plane at 30,000 ft , (10K cpm x 10% efficiency, ~1666 Bq).   
Trinity at waist level at the tower footings was ?<5k cpm?  Socorro background 4600 was ~500cpm.
I felt like Moses parting the Red Sea of people.

I made damn sure the sound was off (triple self check).

HAHAHA!  Yes, no sound, or off would have been good for a plane ride!

Congratulations to @Bingeworker!! One down many to go!!  @Trifele you are next, are you ready??

LV

Bingeworker

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Re: 2019 fire cohort
« Reply #1567 on: January 02, 2019, 08:15:04 AM »
@Bingeworker : welcome. How is your husband's situation? Is he also FIREd? Do you have shared finances?

He is self-employed, he works a bit every day but certainly it's not full-time hours.  We don't share finances, but we are both frugal.  We only married a few years ago. 

He keeps the books (money bores me, which is interesting since I have managed to accumulate a useful amount of it, but accumulated that pile without any sort of maximization strategy as I never figured FI was in my future anyway).  He also has started managing some of my investments in the past few months, which I let him do as he has a good track record of being good at it, and even if he lost it all I have divided up my stash so that I would never be living under a bridge, I keep way more in cash than the average mustachian.  I come from very cautious financial roots, and my parents were aghast at me even putting a little of my money in mutual funds (back in the stone ages before ETFs) back when I was in my 20's.

dayzero

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Re: 2019 fire cohort
« Reply #1568 on: January 02, 2019, 08:31:05 AM »
September 2019 for me.  Age 42

2Birds1Stone

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Re: 2019 fire cohort
« Reply #1569 on: January 02, 2019, 08:55:08 AM »
To my fellow 2019 cohorts.

This is one of the best resources available to anyone who is nearing/considering unplugging in the next year or two. I recommend reading from the beginning in chronological order.

https://livingafi.com/

Dr. Doom used to post here, but sadly hasn't updated the blog/forum in over two years. 

Lews Therin

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Re: 2019 fire cohort
« Reply #1570 on: January 02, 2019, 08:56:34 AM »
He fire'd. Adding: well portfolio continues to rise faster than my bills is boring.

itchyfeet

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Re: 2019 fire cohort
« Reply #1571 on: January 02, 2019, 09:20:20 AM »
Congrats to BingeWorker for being first trooper over the trench wall. Trifele is up next.

Our cohort is looking rather small and select when compared to the 2018 horde. Only 2 peeps for the month of January.

2Birds1Stone

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Re: 2019 fire cohort
« Reply #1572 on: January 02, 2019, 09:43:42 AM »
The markets have been shaky. Lot's of people likely waiting it out.


forward

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Re: 2019 fire cohort
« Reply #1573 on: January 02, 2019, 12:48:44 PM »

Congrats to BingeWorker! lets keep the party going!
I am still planning for 2019, even though I have taken a pretty big hit in the stache since October.  I am still a little unsure as to when as I'm hoping to pay off the mortgage before I put my resignation in.  I also don't know how my employer will handle my resignation but will likely become even more hostile than they are now, so I am just trying to get through the days.   

Eric

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Re: 2019 fire cohort
« Reply #1574 on: January 02, 2019, 12:53:29 PM »
Our cohort is looking rather small and select when compared to the 2018 horde. Only 2 peeps for the month of January.

I'll choose quality over quantity every day of the week.  :)

Linda_Norway

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Re: 2019 fire cohort
« Reply #1575 on: January 03, 2019, 12:34:44 AM »
@Bingeworker : welcome. How is your husband's situation? Is he also FIREd? Do you have shared finances?

He is self-employed, he works a bit every day but certainly it's not full-time hours.  We don't share finances, but we are both frugal.  We only married a few years ago. 

He keeps the books (money bores me, which is interesting since I have managed to accumulate a useful amount of it, but accumulated that pile without any sort of maximization strategy as I never figured FI was in my future anyway).  He also has started managing some of my investments in the past few months, which I let him do as he has a good track record of being good at it, and even if he lost it all I have divided up my stash so that I would never be living under a bridge, I keep way more in cash than the average mustachian.  I come from very cautious financial roots, and my parents were aghast at me even putting a little of my money in mutual funds (back in the stone ages before ETFs) back when I was in my 20's.

Very well.

But as we have read in some of the scary threads, please let him inform you about what he does from time to time and look at the yearly tax papers together. Make sure he is working in your best interest.
In the scary threads, we sometimes read that one spouse is supposed to pay the bills, but doesn't pay the mortgage and leaves the other spouse with debt. Just make sure you don't get in that boat, despite finding financial matters boring.

Will

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Re: 2019 fire cohort
« Reply #1576 on: January 03, 2019, 02:23:19 AM »
Our cohort is looking rather small and select when compared to the 2018 horde. Only 2 peeps for the month of January.

I'll choose quality over quantity every day of the week.  :)

AHA!!!  I came over to see how the 2019 cohorts were doing and I see smack talk about those of us who are 2018 cohorts!!  2018 had both quality AND quantity! 

Trifele

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Re: 2019 fire cohort
« Reply #1577 on: January 03, 2019, 04:45:16 AM »
Welcome to the forum and the cohort @dayzero!  I've got you down for a September date.  What's your story?


2019 FIRE Cohort:

01/01/19     Bingeworker (52)   CONFIRMED
01/31/19     Trifele (51)
02/01/19     Cycling Stache (44)
02/08/19     Socmonkey (37)
02/25/19     MaybeBabyMustache
02/??/19     zinnie  (35)
03/15/19     exit2019  (40)
03/19/19     ChasesFish (36)
03/??/19     MissNancyPryor  (50)     
03/??/19     Roboturner  (30)
03/??/19     Edgema
03/29/19     JumboShrimp
03/31/19     BlindSquirrel
03/31/19     Mr. Ver (39)
03/31/19     Loren Ver (36)
04/01/19     HalfStached  (41)
04/01/19     Gerardc  (35)
04/01/19     JoJo (45)
04/01/19     Ryder (39)
04/19/19     Eric
04/23/19     Lews Therin (29)
04/??/19     Luck12  (41)
04/??/19     PowerStache (43)
05/01/19     Albireo13  (61)                   
05/??/19     SamIAm38  (29)
05/??/19     FIRE 20/20  (42)
05/31/19     Pylortes  (42)
05/31/19     Odiedog8590  (62)
05/31/19     Livingthedream55  (59)
05/31/19     dude   
06/01/19     Prairie Stash
06/07/19     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/??/19     Keeks
07/01/19     Freedomin5 (38)
07/03/19     Gerard
07/03/19     Miss Piggy
08/01/19     SugarMountain
09/02/19     Cornbread OMalley  (42)  Date Confirmed
09/??/19     RetirementDreaming
09/??/19     dayzero
10/01/19     2Birds1Stone  (32)
10/01/19     Linda_Norway
10/??/19     VoteCthulu  (39)
10/??/19     Trix76  (43)
10/??/19     MoMan  (55)
10/??/19     Dreamer
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)
IPlawyer
MustacheAnxiety
forward

« Last Edit: January 03, 2019, 04:47:27 AM by Trifele »

Livingthedream55

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Re: 2019 fire cohort
« Reply #1578 on: January 03, 2019, 08:06:24 AM »
Happy New Year 2019 peeps!!

I continue on track with my May 31st date.  It is very exciting to have the thrill of watching our cohort confirm their escape from having to work for money. I will be filing my pension paperwork on February 1st so this is getting real for me. My immediate family knows my plans but won't tell anyone at work for another four months.


dayzero

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Re: 2019 fire cohort
« Reply #1579 on: January 03, 2019, 08:15:40 AM »
Welcome to the forum and the cohort @dayzero!  I've got you down for a September date.  What's your story?

Thank you! I will give my notice just after labor day, so 9/3. Retiring from big tech (Seattle). Wife is SAHM. We are currently building our retirement home in another lower COL state and plan to move there in the fall.

Bingeworker

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Re: 2019 fire cohort
« Reply #1580 on: January 03, 2019, 08:25:57 AM »
@Bingeworker : welcome. How is your husband's situation? Is he also FIREd? Do you have shared finances?

He is self-employed, he works a bit every day but certainly it's not full-time hours.  We don't share finances, but we are both frugal.  We only married a few years ago. 

He keeps the books (money bores me, which is interesting since I have managed to accumulate a useful amount of it, but accumulated that pile without any sort of maximization strategy as I never figured FI was in my future anyway).  He also has started managing some of my investments in the past few months, which I let him do as he has a good track record of being good at it, and even if he lost it all I have divided up my stash so that I would never be living under a bridge, I keep way more in cash than the average mustachian.  I come from very cautious financial roots, and my parents were aghast at me even putting a little of my money in mutual funds (back in the stone ages before ETFs) back when I was in my 20's.

Very well.

But as we have read in some of the scary threads, please let him inform you about what he does from time to time and look at the yearly tax papers together. Make sure he is working in your best interest.
In the scary threads, we sometimes read that one spouse is supposed to pay the bills, but doesn't pay the mortgage and leaves the other spouse with debt. Just make sure you don't get in that boat, despite finding financial matters boring.

Oh, I won't.  I am far from oblivious to my own and his financial situation.  Most of it is still in only my own control.  He makes some decisions about the portion allocated to stocks, but it's a limited portion of my stache, and I have the ability to remove his control at any time, and he really isn't the type to steal it.  We have a (half-joking) deal, that if he loses all my money he has to support me, and he sure wouldn't want that!  :-D  The bills are definitely being paid, and we split the payments, and I am hands-on in dealing with them.

Eric

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Re: 2019 fire cohort
« Reply #1581 on: January 03, 2019, 11:49:36 AM »
Our cohort is looking rather small and select when compared to the 2018 horde. Only 2 peeps for the month of January.

I'll choose quality over quantity every day of the week.  :)

AHA!!!  I came over to see how the 2019 cohorts were doing and I see smack talk about those of us who are 2018 cohorts!!  2018 had both quality AND quantity!

Shoo!  Your time has passed, old man.  Time to fade away into obscurity.  lol
« Last Edit: January 03, 2019, 11:51:42 AM by Eric »

Lews Therin

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Re: 2019 fire cohort
« Reply #1582 on: January 03, 2019, 12:11:59 PM »
Our cohort is looking rather small and select when compared to the 2018 horde. Only 2 peeps for the month of January.

I'll choose quality over quantity every day of the week.  :)

AHA!!!  I came over to see how the 2019 cohorts were doing and I see smack talk about those of us who are 2018 cohorts!!  2018 had both quality AND quantity!

Shoo!  Your time has passed, old man.  Time to fade away into obscurity.  lol

Somebody got old and crochety fast. Guess that's retirement for you.

Linda_Norway

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Re: 2019 fire cohort
« Reply #1583 on: January 03, 2019, 01:22:22 PM »
I asked DH to give his numbers on income, expenses and savings. It turned out that my own numbers did not completely make sense, as my expenses + savings were more than my income. But we calculated them again together.

Total savings rate of our household is 70%. That means we live of 30%. For each year that we work, we can stop working 2 years earlier. This is despite of the fact that I have been working 80% for 4 months and DH since December.

Our spending is well withing our yearly FIRE budget, including the yearly devaluation of our car. And some leftover.

We both are at a stop in our stock fund. We have the sme amount as before the summer, despite of buying stocks all the time. But most of our net worth is in our house, which needs to be sold in 2019. DH also has some cash savings.
« Last Edit: January 03, 2019, 01:33:56 PM by Linda_Norway »

Will

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Re: 2019 fire cohort
« Reply #1584 on: January 03, 2019, 03:25:46 PM »
Our cohort is looking rather small and select when compared to the 2018 horde. Only 2 peeps for the month of January.

I'll choose quality over quantity every day of the week.  :)

AHA!!!  I came over to see how the 2019 cohorts were doing and I see smack talk about those of us who are 2018 cohorts!!  2018 had both quality AND quantity!

Shoo!  Your time has passed, old man.  Time to fade away into obscurity.  lol

Somebody got old and crochety fast. Guess that's retirement for you.
Our cohort is looking rather small and select when compared to the 2018 horde. Only 2 peeps for the month of January.

I'll choose quality over quantity every day of the week.  :)

AHA!!!  I came over to see how the 2019 cohorts were doing and I see smack talk about those of us who are 2018 cohorts!!  2018 had both quality AND quantity!

Shoo!  Your time has passed, old man.  Time to fade away into obscurity.  lol

You're all just jealous!  Have fun working.  Hahahahahahahahaha. 

SpareChange

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Re: 2019 fire cohort
« Reply #1585 on: January 03, 2019, 07:49:36 PM »
My story in a nutshell:  I never really planned on FI, as I was someone who realized within 3 years of finishing university that full-time work was not for me.  I took two stabs at being a normal person with a full-time job within that span. One lasted 4.5 months, the other lasted 3 months.  I'd had part-time jobs in there too, and realized that I was not a big spender, and my middle-class income level (I am a nurse) was enough to support my modest lifestyle.

Back then (1989), working minimalist like I did was not really a thing, and many warned me against it, saying that those were my most important earning years, and that I would get behind and never catch up.  While I am not a math person, I am pretty good with big-picture financial estimations, and I knew I was on the right track, despite swimming completely against the flow.  I also just LOATHED working full-time and not having my freedom, and I was very frugal naturally, and was unwilling to trade my life for money.  My brother actually was planning to retire early though, and I read a book that he had read, Charles Long's "How to Survive Without a Salary", 1992, which gave me the reassurance that part-time work by design might be unconventional, but would work just fine.

So that ended yesterday, and now I am free!  I will work one day every two weeks, which keeps my husband from getting nervous, and me too actually, as we are pathologically cautious and responsible with money.  It's not for the actual money, I don't need it and I know it, it's rather a way to preserve my ability to earn an income, as a hedge against any future rampant inflation events.  I know it's unlikely to occur, but in these early years of retirement at least, it puts the last duck in a row for total security, or as close as anyone can ever get.

Even though I have been part-time all my working life, it still feels AMAZING to be free.  Even 40% was just eating up so much of my time!  Work consumes mental energy and seeps into free time.  My tiny remaining gig should not do so too much, it's a "show up once every 14 days, work 8-12 hours, and go away again" type of job, the one I had before that was a little more involved.

I reasonate with a lot of what you said. I also work in healthcare, and oddly enough, plan on dropping to about 40% PT this year. I'm hoping that will take most of the grind out of my job. Congrats on your newfound independence!

Bingeworker

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Re: 2019 fire cohort
« Reply #1586 on: January 03, 2019, 08:13:45 PM »

I reasonate with a lot of what you said. I also work in healthcare, and oddly enough, plan on dropping to about 40% PT this year. I'm hoping that will take most of the grind out of my job. Congrats on your newfound independence!

Yes, go for it!  40% part-time is not bad at all.  When I was first out of school I worked around 60%, and gradually reduced through my working life.  My "Bingeworker" moniker comes from when I did contract work in remote areas for around 3 months of the year (including lots of overtime), and then was completely off the other 9 months.  I liked the off part the best though ...  I know I will do fine at retirement as I have been practicing for so long!

Trifele

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Re: 2019 fire cohort
« Reply #1587 on: January 04, 2019, 03:34:10 AM »
Congratulations to @Bingeworker!! One down many to go!!  @Trifele you are next, are you ready??
LV

I think so, thanks for asking!  I've been busy training my replacement, and the last few weeks at work have not been bad at all.  I no longer feel like I'm being boiled in oil, haha.  I think the long holiday break helped a lot, and also just knowing I'm in the home stretch. 

I've been doing nuts and bolts things too -- planning for ACA health coverage, figuring out what to do with my 457, looking at options to roll my HSA over, etc.  Shit is getting very, very real!  :) 

@Cycling Stache -- How are you doing?  Less than a month to go!

MissNancyPryor

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Re: 2019 fire cohort
« Reply #1588 on: January 04, 2019, 06:59:26 AM »
Hey Nineteen-  What do you think of this?

Yesterday a former boss and I went to lunch.  I loved working for her and we have remained friends. 

I let her know that I was hoping to pull the plug mid year but was a little wobbly with the market troubles of late.  She said she will have an opening for an analyst in her group at FormerCo within the month and wondered if I would be interested.

My current job is high paid with a fat bonus.  It comes with high stress and ridiculous travel across the country on the regular (I counted 83 flights in 2017, somewhat less in 2018.)  It is the usual big company bullshit though and I feel nauseous every single day I go to the office of MegaCorpSucks, Inc.  The job allows me to save almost 80% of my income but I believe it is killing me and I will have a heart attack or get cancer eventually if I stay.  Yes, that bad.         

The role at FormerCo is pretty mid-level non-management, probably 40% of my current pay, tiny bonus, and maybe only 2 trips a year that are just regional hops for a day or two.  Low stress.  Back working with people in a culture that is really great.  If I take the role I would be in line to assume this woman's role when she gets kicked upstairs within 2-5 years if I choose it.  Even at the far reduced pay I would be saving substantially but more importantly I would be shortening my overall retirement funds demand.  I could half-step my way to retirement but still FIRE at any time if it is not a good fit. 

Option 1:  stay at MegaCorpSucks as planned until July 5th and hang it up.  I might not have as much cash on hand as I like but I won't need to sell stocks for a couple years.  Decompress for at least 6 months and add a couple years back to my life expectancy.  FIRE on! 

Option 2:  take the analyst job at FormerCo just after my bonus arrives in March.  Enjoy the major downshift of responsibility.  Get some social buoyancy for a while.  Glide into retirement in a couple more years or if I really like it I can position myself to be a big cheese at that company at some point.  Understanding that getting up and going to work every day even with the short commute will still be a grind but the stress will evaporate.  So does the fat money.       

Another appealing thought is that the former company is populated by hundreds of local people and there is a possibility that I might find a partner there.  At my current company our regional office is small and I have been everyone's boss at one time or another so dating anyone is out of the question.  I am very isolated socially at work.  I know this is a little goofy but it matters-- at FormerCo, Inc there have been many long term marriages among co-workers.   

See, I am rocking like 97% success on my favorite retirement calculator and 100% on cfiresim even with today's totals.  Even with the drop in the market I am fine, and yet I wobble emotionally.  That tells me I need more psychological understanding on my decision to retire completely.  Maybe the major downshift is a way to glide out? 

Thoughts?  Feel free to whack me with a 2x4 if you think it is required or if I am being ridiculous.  And thanks-     

itchyfeet

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Re: 2019 fire cohort
« Reply #1589 on: January 04, 2019, 07:58:28 AM »
MissNancyPrior, one thing is for certain. It is time to leave your current gig.

Given you are cashed up with an almost 100% of FIRE success, if you take the new job you won’t be doing it for the money and you don’t need to stay at your current job just because the money is good.

Following along this train of thought, the fat bonus is also not super important.

So how about you quit mega Corp now and take 3 months off and start work wiith your former employer recharged and ready to go. A long break from work is an awesome thing.

It does sound like you will enjoy the interaction and challenges of your former employer.

With FI comes choice. You can work or not work. It is up to you. Maybe if former work is such a great place to work they’ll agree to you working 4 days a week, or taking extra leave, or working from home. The world is your oyster,

Chrissy

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Re: 2019 fire cohort
« Reply #1590 on: January 04, 2019, 08:06:52 AM »
What itchyfeet said, @MissNancyPryor !  Take Option 3(months off).

MissNancyPryor

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Re: 2019 fire cohort
« Reply #1591 on: January 04, 2019, 08:39:49 AM »
Taking a big bunch of time off is probably not an option. They do need someone in the role.

Without that ideal option early votes sound like a GTFO from here anyway. 

Sticking it out here beyond mid year just ain’t a thing I am realizing.  Only question is to jump into the softer gig immediately or just bag it.

lhamo

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Re: 2019 fire cohort
« Reply #1592 on: January 04, 2019, 09:03:40 AM »
Give FormerCo a go. If you like it you can stay awhile. If not, FIRE when you hit a decent #.

tooqk4u22

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Re: 2019 fire cohort
« Reply #1593 on: January 04, 2019, 09:13:50 AM »
What itchyfeet said, @MissNancyPryor !  Take Option 3(months off).

Yup, take option 2 - you are clearly in a position to do what you want. 

Option 2:  take the analyst job at FormerCo just after my bonus arrives in March.  Enjoy the major downshift of responsibility.  Get some social buoyancy for a while.  Glide into retirement in a couple more years or if I really like it I can position myself to be a big cheese at that company at some point.  Understanding that getting up and going to work every day even with the short commute will still be a grind but the stress will evaporate.  So does the fat money.       

The bolded part is just ego, not fear, that is driving you on this part - don't let it.  2-5 more years in a position that is not inspiring along with an unknown probability if the big cheese moment even happens is definitely not worth it, especially if the big cheese role is not some fulfilling goal/desire of yours.  If it is something that you truly have always wanted and is a crazy cool position (at least in your view) then sure, factor it in.  But leaning in to FIRE for a bit just to ease your emotions or transition more smoothly, that's ok in book.

MissNancyPryor

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Re: 2019 fire cohort
« Reply #1594 on: January 04, 2019, 10:18:17 AM »
Yes, being a big cheese is not an appeal on its own and not worth staying in any job for.  Maybe that is why it is not a big consideration ans I contemplate leaving the current gig. 

Part of going back will be the acknowledgement that I am giving up this executive role that people at FormerCo knew about (I left there to take this big girl job). There will be some explaining from me required as in, “Hey, look who got busted down to Private!” which I expect to waive away with a relaxed smile because I don’t work for money anymore.  The other part is my personal history of my X’s spectacular abandonment of me a couple years ago-  filling in folks on that won’t be so fun when it comes up (I have my elevator speech ready though). 

But those are just ego considerations as well. 

tooqk4u22

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Re: 2019 fire cohort
« Reply #1595 on: January 04, 2019, 10:40:27 AM »
Yes, being a big cheese is not an appeal on its own and not worth staying in any job for.  Maybe that is why it is not a big consideration ans I contemplate leaving the current gig. 

Part of going back will be the acknowledgement that I am giving up this executive role that people at FormerCo knew about (I left there to take this big girl job). There will be some explaining from me required as in, “Hey, look who got busted down to Private!” which I expect to waive away with a relaxed smile because I don’t work for money anymore.  The other part is my personal history of my X’s spectacular abandonment of me a couple years ago-  filling in folks on that won’t be so fun when it comes up (I have my elevator speech ready though). 

But those are just ego considerations as well.

I am not judging you on the ego part, I struggle with that too.  Sure I am still trying to get comfortable as to whether we have enough or how our expense will change (btw - I am definitely in realm of "Perfection is the enemy of Progress") but the argument of "You can always go back part time or work at Starbucks to offset a bit" gives me a lot of displeasure, and mostly from the ego perspective.  Not to mention why the F would I want my fall back be to go make $7,800 a year ($10/hr * 15 hours * 52 weeks) when we can save that now in a few months - I think I feel like a complete failure in my mind, again ego. 

But that is my ridiculous view and not necessarily the right view. 

MissNancyPryor

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Re: 2019 fire cohort
« Reply #1596 on: January 04, 2019, 10:53:37 AM »
That nails it.  If I can just hold on a while longer I can out-earn the analyst’s paycheck in the blink of an eye.  I keep going back to that, too.

Then I think it isn’t a blink of an eye, it is the nagging twitch of the eye I have developed.  It is just 35 more plane rides.  Just 104 more sick mornings.  7 more all-leaders multi day hotel conference room shit shows where nothing gets done. 

I have tried to decide if 6 extra months here or the dreadful thought of OMY into 2020 are worth looping off some longevity.  I don’t think so.  I wouldn’t do SBUX either. 

I should ask myself if the analysts job is something I would do for SBUX wages and go from there.

tooqk4u22

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Re: 2019 fire cohort
« Reply #1597 on: January 04, 2019, 11:01:00 AM »
Probably definitely worth it to ride it to comp time and then either go to the other place or pick an end date between comp time and June and just be done with it. 

OMY is most definitely a stretch by what your saying and you sound somewhat like me so I can relate - I don't have the excessive travel though. 

I should ask myself if the analysts job is something I would do for SBUX wages and go from there.

I don't think that is quite the same as it sounds like there are many positives to the other job (setting aside the ego of course).  And given your travel and likely hours that you put in - working a straight 40 hrs may feel like a vacation, at least for a bit anyway.

PhilB

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Re: 2019 fire cohort
« Reply #1598 on: January 04, 2019, 11:10:54 AM »
Part of going back will be the acknowledgement that I am giving up this executive role that people at FormerCo knew about (I left there to take this big girl job). There will be some explaining from me required as in, “Hey, look who got busted down to Private!”
Simple you can just tell them you banked so much from that job you can now afford to spend your time doing something you actually enjoy.
The job at former co sounds like something that would suit you very nicely and let you rebuild your local social network in preparation for retirement.  The best solution would probably be if they would let you do it part time, but if you think you would enjoy it, go for it.

Loren Ver

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Re: 2019 fire cohort
« Reply #1599 on: January 04, 2019, 11:33:43 AM »
Hmm, if the bonus is from 2018 work, are you sure you wont get it if you leave before it pays out?  If not, I would find leaving really really hard, but my employment is pretty easy (especially compared to yours).  But I don't think I could take feeling sick before work, nope.  I'd be gone. 

As for FormerCo, do you want to do that job?  You don't need the money, so is it something you would like to actually go do?