Author Topic: 2019 fire cohort  (Read 446941 times)

lhamo

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Re: 2019 fire cohort
« Reply #1900 on: February 15, 2019, 07:38:23 AM »
Also, have you read the book Essentialism?  Just started listening to this interview with the author, and sounds like it might be helpful (both the book and the interview):

https://tim.blog/2019/01/09/greg-mckeown-essentialism/

In the very first part of the interview he talks about how hard it is for successful people to stop working.

chasesfish

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Re: 2019 fire cohort
« Reply #1901 on: February 15, 2019, 08:40:38 AM »
If you're interesting in reading, I posted this just over a year ago when I was considering retiring in June of 2018 or March of 2019:

One More Year

The funniest comment of all was me talking about "the ease of the job".  My best person dropped a surprise resignation two weeks later *facepalm*.   Two other nice pieces about one more year decisions are included in that post.

This was also shared around today on Rockstar Finance from someone in the same industry as me, very appropriate for the threads.

Senioritis FI

Instead of grinding out the last month of work and taking the vacation days as payout, I'm sitting on a balcony waiting for the sun to rise and listening to waves.   Only a day into vacation but I am so done with work.


gerardc

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Re: 2019 fire cohort
« Reply #1902 on: February 16, 2019, 01:20:52 AM »
Good streak in the last few posts...

I'm having a bit of trouble when considering my sister, GF, and other family members seemingly struggling @ $30k/year, and how fast I could earn money to pay their downpayment, or spare them a few decades of boring work... or how I could provide my kids with the "good life", instead of living on a poverty $40k/year 4% WR for the rest of our lives, and forcing them to "make it" like I had to, maybe with less luck than I had... it does feel a bit selfish of me to declare that my ass sitting around on a beach enjoying life is more important than 1 short year of additional work...

Especially since, surprisingly since I've decided I would stop work soon, work actually seems more bearable. I am more detached, am working fewer hours, way less stressed, and my preparation for FIRE made me adopt a lifestyle after all compatible with work life, for the most part. I am hoping I can take a leave of a few months, then maybe I'd be willing to do another 6 months and/or work remotely, in order to lock in one more year of sweet 401k + Roth max contributions...

Most likely sticking to the plan, but just thinking out loud.

Parizade

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Re: 2019 fire cohort
« Reply #1903 on: February 16, 2019, 06:27:41 AM »
Good streak in the last few posts...

I'm having a bit of trouble when considering my sister, GF, and other family members seemingly struggling @ $30k/year, and how fast I could earn money to pay their downpayment, or spare them a few decades of boring work... or how I could provide my kids with the "good life", instead of living on a poverty $40k/year 4% WR for the rest of our lives, and forcing them to "make it" like I had to, maybe with less luck than I had... it does feel a bit selfish of me to declare that my ass sitting around on a beach enjoying life is more important than 1 short year of additional work...


Funny you should say this, I was having similar feelings about my son and his wife, struggling to pay back student loans and raise a child. Then I get a call, he's just accepted a cushy new job in a new city, together he and his wife will be making more than 200K/yr.

Pffft, they can start worrying about working extra years to take of me!

chasesfish

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Re: 2019 fire cohort
« Reply #1904 on: February 16, 2019, 08:31:19 AM »
@gerardc and @Parizade

I have some of these family issues/pressures too.  My situation might be a little unique because I'm earning money 1,000 miles away from them.  I ultimately decided at some point my time I can spend with them becomes more valuable than giving them money.

It was part of the decision not to just stop at $1.25mil or $1.5mil in total money saved so I can have means if I really do need to help them with money

Zoot

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Re: 2019 fire cohort
« Reply #1905 on: February 16, 2019, 09:10:04 AM »
If it makes you feel any better, there are several forum members on the "2M to 3M and beyond" thread that express the same issues that you have.

At some point, you just have to pull the ripcord and bail out.  "Enough" by John Bogle is a helpful read.

Thanks to the pointer to the $2M-$3M thread; I've been participating off and on in the $500K-$1M and $1M-$2M threads, but I think I may go spy on the $2M crowd--because you're right, it will likely help to see them spinning around the same issues.  At some point, it's not about money--even when you have enough, or MORE than enough, there's something inside which says there will never be "enough" to keep you safe from whatever it is you fear.

Thanks also for the pointer to the book--I will definitely give it a look.

As to FIRE, come on in, the water is warm, welcoming and generally great!

Soon.  Not VERY soon, but soon.  I posted in the 2026 cohort thread that January 2, 2026 (the second day of the year in which I will turn 59 1/2) is the absolute last day I will work.  My goal is to OLY the heck out that date multiple times over, though.  :)


Zoot, well said, most peoples root cause of not FIREing
            "It's fear.  Abject fear.  Fear of being penniless, homeless, resource-less.  Irrational?  Probably.  But convince the scared child inside me that it's irrational.  Go ahead.  I'll wait.  ;-) "

Sorry I don't have time to psychoanalyze the scared child/ bag-lady etc.   I'm having too much fun in FIRE.

I got a good chuckle out of this.  :)

In all seriousness, though, pretty much nothing anyone can say to my Inner Bag Lady will convince her--I myself am the only one who can dislodge her from her place in my psyche.  She's mine, and mine alone, to conquer.  :)

exit2019

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Re: 2019 fire cohort
« Reply #1906 on: February 16, 2019, 02:23:22 PM »
Can someone point to the "2M to 3M and beyond" thread mentioned above?  I looked but cannot find it.  I am curious to read it.

gerardc

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Re: 2019 fire cohort
« Reply #1907 on: February 16, 2019, 02:47:21 PM »
@gerardc and @Parizade

I have some of these family issues/pressures too.  My situation might be a little unique because I'm earning money 1,000 miles away from them.  I ultimately decided at some point my time I can spend with them becomes more valuable than giving them money.

It was part of the decision not to just stop at $1.25mil or $1.5mil in total money saved so I can have means if I really do need to help them with money

Yeah, going to $2m eventually might be nice, but then I think it's fair to downshift and get there "eventually" instead of rushing, seeing as they're not even rushing themselves... why would I.

shuffler

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Re: 2019 fire cohort
« Reply #1908 on: February 16, 2019, 04:12:42 PM »
Can someone point to the "2M to 3M and beyond" thread mentioned above?  I looked but cannot find it.  I am curious to read it.
Google is your friend:
https://www.google.com/search?q="2M+to+3M+and+beyond"+site%3Aforum.mrmoneymustache.com

Bateaux

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Re: 2019 fire cohort
« Reply #1909 on: February 16, 2019, 07:06:02 PM »
Can someone point to the "2M to 3M and beyond" thread mentioned above?  I looked but cannot find it.  I am curious to read it.

Come on over.  It's under "Throw Down the Gauntlet"

Some of us have more money than sense.

exit2019

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Re: 2019 fire cohort
« Reply #1910 on: February 16, 2019, 11:51:33 PM »
Can someone point to the "2M to 3M and beyond" thread mentioned above?  I looked but cannot find it.  I am curious to read it.
Google is your friend:
https://www.google.com/search?q="2M+to+3M+and+beyond"+site%3Aforum.mrmoneymustache.com

Thanks.  I used the search with no luck; yay google.

okonumiyaki

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Re: 2019 fire cohort
« Reply #1911 on: February 17, 2019, 02:01:12 AM »
Resignation letter in on Friday.  Three month notice period - but we will probably mutually agree a mid June date (I have a conference to organise end May)

In a way, it is a FU story too - I was about to be put on a performance plan, and this saves us all the hassle.  My heart hasn't been in it for some time - and it shows, but was waiting for my wife's cancer treatment to be completed, which it is.

Issue will be that my wife does think this will be a sabbatic, rather than full on retirement (she may be right - we will see if I get bored without structured employment)  So at the moment, not planning permanent changes.

Plan is to stay in Singapore until mid September, then split time Perth & Bali.

Numbers - 4.5-4.8m USD investments (uncertainty is on value of a business that my wife is a sleeping partner in - asset value or potential sale value), and paid for apartment in Perth.  UK pension at age 67 - but depending where we are living, this will likely be frozen at that time, and not increased over time, unless we re-locate to UK

I am 49, wife is 46.  No kids (not by choice as it happens)

It is a large weight off my mind. 

My father retired at 52 (very happily - my parents were OG FIRE) - one sister retired in her mid 40's from stressful/ lucrative job (investment banking), and my other sister has just started part time teaching, absolutely on her terms, after a few years off.  So I think it runs in the genes!


Trifele

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Re: 2019 fire cohort
« Reply #1912 on: February 17, 2019, 03:01:14 AM »
Resignation letter in on Friday.  Three month notice period - but we will probably mutually agree a mid June date.

Welcome and congratulations @okonomiyaki!  Got you added to the list on the previous page for mid June.  Your story is very interesting, and it does sound like FIRE runs in your genes. (Mine too.  My dad and younger brother are both FIRE-ees.)  Best of luck to your wife in her recovery. 
« Last Edit: February 17, 2019, 03:05:11 AM by Trifele »

Loren Ver

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Re: 2019 fire cohort
« Reply #1913 on: February 17, 2019, 10:43:54 AM »
Wow, while I was on vacation this thread has exploded.

Congrats to those that have confirmed, or have confirmed a date!  So exciting.  Please visit and let us know how things are going!
Congrats to those that have joined the cohort!  It is a great year and we have plenty of room to fit you in.  I am a little sad that I am getting pushed further down the list, but I'll bear the weight if that means more in the party.  I am just a sweetheart like that :).

To those having doubts.  DH and I were talking about that last night.  I am starting to fill the pressure and the pull of my income.   If I was making more income then it would be even harder.  To walk away from a very good stable salary is pretty crazy.  I never really thought I would ever make this much, at a good company.  I am making peanuts compared to many here (and my IRL friends) but I am well above the US median family income.  I'm glad we have a plan and a date or I would not be able to walk away.  Now are are just following the plan.  I am also glad we cut of years from the original plan ( it was 2022, when I turned 40, and has been dropping steadily) before I realized how crazy the plan was.  Now we just need to follow the plan.

Six more weeks.  I'll be giving notice sooner rather than later, I just don't know when.

LV

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Re: 2019 fire cohort
« Reply #1914 on: February 18, 2019, 02:43:42 PM »
I have around 6 weeks left to go...

I re-read the forum's pre-fire checklist located over in the "Post-FIRE" section.  Feeling pretty good that I haven't missed anything.  Met with our financial advisor last week to talk about "flipping the switch" from making investments each month to getting a paycheck from them.  Seems so strange to go from putting everything we can away to taking some out.  We still have kids at home and the DH still wants to work so we will still invest in his 401k and the kids college funds.  So glad I found this forum (and the use of Personal Capital) to track our expenses.  We are FATfire as far as expenses go, but tracking closely for the last few years let us know the level of supplemental funding we would need.  Financial advisor recommended paying off our mortgage depending on how the taxes come out this year.  We are pondering whether we should.  Interest rate is 3 3/8% and you can make 2.5% in a money market account, more on the open market.  Will talk more with the tax accountant too.  With such little left to pay off, don't think it matters either way.

Still working through my decompression stage plan...any of those recently retired in the cohort want to share how they are planning(or purposely not planning) their days?  I am hoping by April it will be warmer in my neck of the woods to spend a lot of time on my yard/outside of the house.


Miss Piggy

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Re: 2019 fire cohort
« Reply #1915 on: February 18, 2019, 03:26:18 PM »
I have around 6 weeks left to go...


No fair. 10 posts in, and you're already ready to go!  ;)

2Birds1Stone

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Re: 2019 fire cohort
« Reply #1916 on: February 18, 2019, 06:13:23 PM »
No fair. 10 posts in, and you're already ready to go!  ;)

How do you think an unretired walrus feels?

Lews Therin

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Re: 2019 fire cohort
« Reply #1917 on: February 18, 2019, 07:30:25 PM »
Tusk-y?

Linea_Norway

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Re: 2019 fire cohort
« Reply #1918 on: February 19, 2019, 01:19:17 AM »
I have around 6 weeks left to go...

I re-read the forum's pre-fire checklist located over in the "Post-FIRE" section.  Feeling pretty good that I haven't missed anything.  Met with our financial advisor last week to talk about "flipping the switch" from making investments each month to getting a paycheck from them.  Seems so strange to go from putting everything we can away to taking some out.  We still have kids at home and the DH still wants to work so we will still invest in his 401k and the kids college funds.  So glad I found this forum (and the use of Personal Capital) to track our expenses.  We are FATfire as far as expenses go, but tracking closely for the last few years let us know the level of supplemental funding we would need.  Financial advisor recommended paying off our mortgage depending on how the taxes come out this year.  We are pondering whether we should.  Interest rate is 3 3/8% and you can make 2.5% in a money market account, more on the open market.  Will talk more with the tax accountant too.  With such little left to pay off, don't think it matters either way.

Still working through my decompression stage plan...any of those recently retired in the cohort want to share how they are planning(or purposely not planning) their days?  I am hoping by April it will be warmer in my neck of the woods to spend a lot of time on my yard/outside of the house.

About whether or not to pay down the mortgage is discussed several places of this forum. There are pros and cons, so you can just choose. Paying down the mortgage is the most secure form for saving, but not guaranteed to give the best possible growth of your money. It is your choice.

Maybe you can work towards cutting out the financial advisor. MMMers tend to manage their own finances. An advisor has a cost and often also a private agenda for recommending certain investments. We just invest into the cheapest funds. With a bit of own study, you can manage your own stuff.

Trifele

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Re: 2019 fire cohort
« Reply #1919 on: February 19, 2019, 03:17:07 AM »
Still working through my decompression stage plan...any of those recently retired in the cohort want to share how they are planning(or purposely not planning) their days? 

I'm less than a month in, and have been mostly taking it easy.  I didn't know what to expect as far as decompression, so I didn't plan anything special for the first couple months.  I set a few simple goals to accomplish each day -- lots of sleep, lots of exercise, lots of time outside, eat well.  So far so good.   Feeling good physically and no psychological issues have come up yet.  I'm really enjoying the slower pace and just having the time to think.

On another topic, still waiting to hear from @Cycling Stache on his status.  We have quite a large group on deck for March, with @exit2019 and @chasesfish up next -- less than a month to go.  Are you two still on target? 


Parizade

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Re: 2019 fire cohort
« Reply #1920 on: February 19, 2019, 07:46:12 AM »
Still working through my decompression stage plan...any of those recently retired in the cohort want to share how they are planning(or purposely not planning) their days? 

I'm less than a month in, and have been mostly taking it easy.  I didn't know what to expect as far as decompression, so I didn't plan anything special for the first couple months.  I set a few simple goals to accomplish each day -- lots of sleep, lots of exercise, lots of time outside, eat well.  So far so good.   Feeling good physically and no psychological issues have come up yet.  I'm really enjoying the slower pace and just having the time to think.

I was looking forward to this, but my son and his wife have asked for my assistance as they transition their careers and lives to a new city so I will be a full time Grandma for the first 6 weeks of my retirement. Not complaining as I will certainly get lots of exercise and lots of time outside. The decompression will likely be postponed however, entertaining a preschooler will be much more challenging than my corporate gig.

chasesfish

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Re: 2019 fire cohort
« Reply #1921 on: February 19, 2019, 08:42:54 AM »
@Trifele - Still on target.  Notice will be delivered on March 18th and expect to be walked out the door that day/week.

Parizade

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Re: 2019 fire cohort
« Reply #1922 on: February 19, 2019, 11:02:59 AM »
WOW!!! Just got a call from the senior vice president over my work area to talk about my retirement. He wants me to transition all my project work to others over the next few weeks so I can work exclusively on a corporate culture project with him in my final 3 months! This has been my unofficial area of expertise over that past 5 years as senior leaders have come to rely on my "emotional intelligence" as much as my professional skills, but I never imagined this would be what they want me to focus on at the end of my career. It's absolutely brilliant, I couldn't be happier.

Trifele

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Re: 2019 fire cohort
« Reply #1923 on: February 19, 2019, 11:07:45 AM »
WOW!!! Just got a call from the senior vice president over my work area to talk about my retirement. He wants me to transition all my project work to others over the next few weeks so I can work exclusively on a corporate culture project with him in my final 3 months! This has been my unofficial area of expertise over that past 5 years as senior leaders have come to rely on my "emotional intelligence" as much as my professional skills, but I never imagined this would be what they want me to focus on at the end of my career. It's absolutely brilliant, I couldn't be happier.

Congrats @Parizade!  Way to go, ending things on a happy high note.   

2Birds1Stone

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Re: 2019 fire cohort
« Reply #1924 on: February 19, 2019, 05:11:32 PM »
That's so freaking awesome @Parizade!

A company that cares about culture and people will do great things.....

JoJo

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Re: 2019 fire cohort
« Reply #1925 on: February 19, 2019, 06:28:52 PM »
I'm trying to decide what to do this year.  I think I have enough to retire.  But I have a pretty good gig, I get 21 weeks off of work per year, mostly when I want them, I try not to take more than 7 consecutive weeks.  Pay is in the 6 figures even at part time.  Job also comes with health insurance, I'm paying around $100 a month.

But sometimes I get depressed about work or super annoyed by something.  Work also contributes to seditary lifestyle (but I really need to start working to improve this). 

A big bonus is coming at the end of March so it would be stupid to leave before then. 

I've worked at the company for 13 years so I sort of want to give them ample notice.  Also, one guy that is the closest in experience (over 30 years) is likely going to retire this year so they really would hurt if we both left in a short period of time. 

Thoughts?  I was planning on leaving around April 1, but there are a couple other occassions thru the year that also might be good stop dates (like trip in May for family things, I don't mind working remote, though) and a big trip to South America and Antarctica in the fall.  If I quite, I could spend months down there.  If I don't quit, I'd be limited to about 7 weeks.


Miss Piggy

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Re: 2019 fire cohort
« Reply #1926 on: February 19, 2019, 06:49:17 PM »
I'm trying to decide what to do this year.  I think I have enough to retire.  But I have a pretty good gig, I get 21 weeks off of work per year, mostly when I want them, I try not to take more than 7 consecutive weeks.  Pay is in the 6 figures even at part time.  Job also comes with health insurance, I'm paying around $100 a month.

You should definitely quit. And then immediately PM me the company name and role so I can apply for the job. :)

Parizade

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Re: 2019 fire cohort
« Reply #1927 on: February 19, 2019, 06:54:26 PM »
Congrats @Parizade!  Way to go, ending things on a happy high note.
Thanks Trifele, I feel very fortunate

That's so freaking awesome @Parizade!

A company that cares about culture and people will do great things.....

Thanks 2Birds1Stone, I agree (though they sure are making it hard to walk away!)
« Last Edit: February 20, 2019, 12:22:39 PM by Parizade »

FIRE 20/20

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Re: 2019 fire cohort
« Reply #1928 on: February 19, 2019, 08:54:13 PM »
I'm trying to decide what to do this year.  I think I have enough to retire.  But I have a pretty good gig, I get 21 weeks off of work per year, mostly when I want them, I try not to take more than 7 consecutive weeks.  Pay is in the 6 figures even at part time.  Job also comes with health insurance, I'm paying around $100 a month.

But sometimes I get depressed about work or super annoyed by something.  Work also contributes to seditary lifestyle (but I really need to start working to improve this). 

A big bonus is coming at the end of March so it would be stupid to leave before then. 

I've worked at the company for 13 years so I sort of want to give them ample notice.  Also, one guy that is the closest in experience (over 30 years) is likely going to retire this year so they really would hurt if we both left in a short period of time. 

Thoughts?  I was planning on leaving around April 1, but there are a couple other occassions thru the year that also might be good stop dates (like trip in May for family things, I don't mind working remote, though) and a big trip to South America and Antarctica in the fall.  If I quite, I could spend months down there.  If I don't quit, I'd be limited to about 7 weeks.

What would your withdrawal rate be?  Would it be lean or fat FIRE?  Is there a charity or family member you could help if you worked a bit too long?  Could you get back into a similar work arrangement if you quit but needed to return in a few years?

If you're at a 4% or higher withdrawal rate and you'd be in a lean FIRE situation, then I'd keep going with the current situation.  But if you're under a 3.5% withdrawal rate and have a fat-FIRE sized 'stache, then I'd give them notice as soon as the bonus hits your bank account.  One other thing to consider is how strong your negotiating position is.  If they provide you with 21 weeks off each year, maybe a few days after the other person retires you could tender your resignation.  My guess is that they would offer you anything to hold onto you for a little while longer.  Maybe you could negotiate even more time off, a one-time bonus, or fewer hours during the 31 weeks you are working.  What's the worst that could happen - they say no and you happily FIRE? 

@Trifele , can you update my FIRE date to April 26?  It could still slip to May if I find out that my company health insurance will last until the end of the month of my last day, but I've heard through the rumor mill that it expires on your last day.  I don't want to ask that question yet, so I'm temporarily targeting April 26.  We'll see if it slips into the first week in May. 
« Last Edit: February 19, 2019, 09:31:39 PM by FIRE 20/20 »

Daisy

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Re: 2019 fire cohort
« Reply #1929 on: February 19, 2019, 09:14:15 PM »
Since this is where I posted about my termination last week, this is where I'll share this story. The corporate announcement of my departure came out yesterday. Nice and vague that I will be leaving to "pursue other opportunities". So in the lunch room today I got asked where I am going next. 
My response was "Skiing".
Awkward pause and lack of comprehension
"No where is your next position?"
"Chairlift."
"No where are you going to work next."
"Well I have a season pass at Alta, so that is where I will be working on my turns. Enjoy your lunch." mic drop and exit. 7 more days.
I love awkward conversations and relish the long pause.

I was catching up on your messages since I might be meeting you in SLC.

I love this post!

It was similar to my parting conversations at work after FIREing in 2017.

"Where are you going to?"
- "Anywhere and nowhere"

"What are you going to do with all of that time?"
- Just smiled back and thought "you must be a boring person if you have to ask me a question like that". I love repeating that question to myself while out doing fun things in nature without the pressure of time.

I especially like your answer of your position being "chairlift".

I also titled it as more of a sabbatical to casual acquaintances at work and elsewhere so as not to get into any specifics. To others I say, a frugal early retirement, if I can pull it off. Makes them more comfortable with the situation and they have no idea how much I have saved.

Trifele

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Re: 2019 fire cohort
« Reply #1930 on: February 20, 2019, 04:00:10 AM »
Thanks for the cross-post @Daisy!  I remember when Bognish FIREd (I was lurking on the 2018 thread), and his post was hilarious.   

Got you moved on the list @FIRE 20/20.  (Previous page list is current).  Thanks for the update.

Loren Ver

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Re: 2019 fire cohort
« Reply #1931 on: February 20, 2019, 04:56:26 AM »
okay, I have my one on one (phone) meeting with new boss today.  I have decided I am going to give notice.  I am going to ask for a severance, but don't expect one.  Maybe there will be some negotiation.  This is awkward for me since he has only been my boss a little while, we've never met, and I've only talked on the phone to him once to introduce myself in January. 

There is a small risk, since I am telling him weeks in advance.  But the company now as even more hoops that were just set up, and I don't feel like jumping right now.

LV

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Re: 2019 fire cohort
« Reply #1932 on: February 20, 2019, 05:01:53 AM »
okay, I have my one on one (phone) meeting with new boss today.  I have decided I am going to give notice.  I am going to ask for a severance, but don't expect one.  Maybe there will be some negotiation.  This is awkward for me since he has only been my boss a little while, we've never met, and I've only talked on the phone to him once to introduce myself in January. 

There is a small risk, since I am telling him weeks in advance.  But the company now as even more hoops that were just set up, and I don't feel like jumping right now.

LV

Good luck.
You should preferably have done this in a real life meeting, but I understand it is more hassle.

Loren Ver

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Re: 2019 fire cohort
« Reply #1933 on: February 20, 2019, 05:19:14 AM »
okay, I have my one on one (phone) meeting with new boss today.  I have decided I am going to give notice.  I am going to ask for a severance, but don't expect one.  Maybe there will be some negotiation.  This is awkward for me since he has only been my boss a little while, we've never met, and I've only talked on the phone to him once to introduce myself in January. 

There is a small risk, since I am telling him weeks in advance.  But the company now as even more hoops that were just set up, and I don't feel like jumping right now.

LV

Good luck.
You should preferably have done this in a real life meeting, but I understand it is more hassle.

Totally agree.  I have been waiting for a real life meeting, but he wasn't planning on visiting until some time in March.  Then the company just put on travel restrictions so it might not be until the end of March (or April or later).  Ugh.

 

Trifele

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Re: 2019 fire cohort
« Reply #1934 on: February 20, 2019, 07:39:10 AM »
okay, I have my one on one (phone) meeting with new boss today.  I have decided I am going to give notice.  I am going to ask for a severance, but don't expect one.  Maybe there will be some negotiation.  This is awkward for me since he has only been my boss a little while, we've never met, and I've only talked on the phone to him once to introduce myself in January. 

There is a small risk, since I am telling him weeks in advance.  But the company now as even more hoops that were just set up, and I don't feel like jumping right now.

LV

Good luck.
You should preferably have done this in a real life meeting, but I understand it is more hassle.

Totally agree.  I have been waiting for a real life meeting, but he wasn't planning on visiting until some time in March.  Then the company just put on travel restrictions so it might not be until the end of March (or April or later).  Ugh.
 

Good luck @Loren Ver!  It's a weird situation, but you've got it.  :) 

itchyfeet

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Re: 2019 fire cohort
« Reply #1935 on: February 20, 2019, 08:14:38 AM »
Things have really heated up here in Class of 2019. Weíll done to all of you awesome people chasing down your dreams.

My FIRE planning has taken a leap forward. I flew to HQ to meet with top mgt. I found out I wouldnít be getting THE big promotion this year, but rather ďin the next few yearsĒ.

With the uncertainty of where I would be working in the coming months resolved, and career temptations removed , I can really focus solely on getting to my number and FIREing ASAP.

June is definitely off the table as Iím not happy quitting with around 90% of my number whilst Sydney house prices are still dropping, given my FIRE plans are quite heavily reliant on selling out of Sydney. Iíd like to see the floor of this correction if possible before FIREing.

December remains very possible..... and very appealing.

forward

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Re: 2019 fire cohort
« Reply #1936 on: February 20, 2019, 08:40:13 AM »
okay, I have my one on one (phone) meeting with new boss today.  I have decided I am going to give notice.  I am going to ask for a severance, but don't expect one.  Maybe there will be some negotiation.  This is awkward for me since he has only been my boss a little while, we've never met, and I've only talked on the phone to him once to introduce myself in January. 

There is a small risk, since I am telling him weeks in advance.  But the company now as even more hoops that were just set up, and I don't feel like jumping right now.

LV

Good luck @Loren Ver!  Its nerve wracking for sure.  Hope it goes great, update us when you get a chance.

Loren Ver

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Re: 2019 fire cohort
« Reply #1937 on: February 20, 2019, 10:51:30 AM »
Thank you @forward , @Trifele and @Linda_Norway.

the chat happened.  He now needs to contact HR and the other levels of management.  He is happy for me :).  The HR situation is in flux here are we have merged and are now splitting into several companies, so he needed to check the new policies as to what happens now. 

I did ask for a severance, but I don't think that will happen. 

Now it is the waiting game. 

LV

gerardc

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Re: 2019 fire cohort
« Reply #1938 on: February 20, 2019, 12:57:21 PM »
Why would you get severance if you voluntarily quit?

forward

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Re: 2019 fire cohort
« Reply #1939 on: February 20, 2019, 12:59:42 PM »
Thank you @forward , @Trifele and @Linda_Norway.

the chat happened.  He now needs to contact HR and the other levels of management.  He is happy for me :).  The HR situation is in flux here are we have merged and are now splitting into several companies, so he needed to check the new policies as to what happens now. 

I did ask for a severance, but I don't think that will happen. 

Now it is the waiting game. 

LV


Good for you!  You must be so relieved.  The situation seems kind of comical, like - I'm not sure what policy that falls under (need a FIRE policy) and we're not sure who we should tell about this.  I say this with my company quite proudly having a policy on policies :I

Trifele

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Re: 2019 fire cohort
« Reply #1940 on: February 20, 2019, 02:41:46 PM »
Why would you get severance if you voluntarily quit?

You never know . . . that's basically what happened to me.  Especially with a reorg/merger/acquisition going on, the lines between leaving voluntarily and getting laid off can get blurry.  It's worth a shot for sure. 

Congrats @Loren Ver!  That must be a relief to get it behind you.
« Last Edit: February 20, 2019, 02:44:10 PM by Trifele »

Loren Ver

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Re: 2019 fire cohort
« Reply #1941 on: February 20, 2019, 03:00:48 PM »
Thank you!  It is good to have a group of people that understand.  Now to just get through the HR part.  I've actually never really left a job before, so this is all new to me.  I think I am more nervous now than before I said anything, HA!

As for the severance, like Trifele said, during times of craziness, things can happen.  If they know I want one, we might be able to negotiate something and I would never know unless I asked.  :).


PowerStache

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Re: 2019 fire cohort
« Reply #1942 on: February 21, 2019, 05:36:40 PM »
@Linda_Norway  - I hear you on the financial advisor.  We have not taken the most Mustachian approach to FIRE. I have a few areas where I give myself face punches (groceries/restaurants!!) that continue to be worked on in retirement.

@Trifele  - thanks for the update on life after FIRE.  Glad things are going well and gives me hope for enjoying the next chapter. 

Happy for those that are putting in their notice and starting the transition too.  It's going to be a great year!


CryingInThePool

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Re: 2019 fire cohort
« Reply #1943 on: February 23, 2019, 07:34:16 PM »
So exciting to see so many of you ramping up to make the leap. Cheers to the class of 2019!

Unfortunately, Iím going to succumb to OMY.   Financially I think Iím okay.  Mentally, Iím almost there.  Medically, on the other hand, is another story.   Fair warning to the class of 2020 and beyond that might be lurking here but I really should have prioritized my health and medical to do list 2-3 years before my target date. 

Iíve got a surgery on the horizon and I need to lose some weight first so between scheduling that, recovery, and bonus timing Iím now looking at Fall 2020.  Not going to give up my health insurance, such as it is, until itís 6 months in the rearview.   

In full transparency Iíve been walking the tightrope between OMY syndrome and SWAMI since I was part of the 2016 class. Even though this wasnít how I imagined things playing out itís what I get from the action, or lack thereof, my choices have wrought.   

Iím super grateful though that I have the options I do, that the closer I got to walking away, the less my job sucked and the more travel and life experiences Iíve been able to accessorize my career with. 

Trifele

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Re: 2019 fire cohort
« Reply #1944 on: February 24, 2019, 03:32:34 AM »
Sorry to lose you @CryingInThePool.  Health insurance is a very big deal.  Best of luck with your surgery and recovery!

MaybeBabyMustache

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Re: 2019 fire cohort
« Reply #1945 on: February 24, 2019, 08:56:51 AM »
Sorry to lose you @CryingInThePool.  Health insurance is a very big deal.  Best of luck with your surgery and recovery!

Totally agree. @CryingInThePool - take care of yourself & good luck with your surgery.

oldtoyota

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Re: 2019 fire cohort
« Reply #1946 on: February 24, 2019, 03:13:35 PM »
So exciting to see so many of you ramping up to make the leap. Cheers to the class of 2019!

Unfortunately, Iím going to succumb to OMY.   Financially I think Iím okay.  Mentally, Iím almost there.  Medically, on the other hand, is another story.   Fair warning to the class of 2020 and beyond that might be lurking here but I really should have prioritized my health and medical to do list 2-3 years before my target date. 

Iíve got a surgery on the horizon and I need to lose some weight first so between scheduling that, recovery, and bonus timing Iím now looking at Fall 2020.  Not going to give up my health insurance, such as it is, until itís 6 months in the rearview.   

In full transparency Iíve been walking the tightrope between OMY syndrome and SWAMI since I was part of the 2016 class. Even though this wasnít how I imagined things playing out itís what I get from the action, or lack thereof, my choices have wrought.   

Iím super grateful though that I have the options I do, that the closer I got to walking away, the less my job sucked and the more travel and life experiences Iíve been able to accessorize my career with.

Best wishes to you with your health and financial journey. Feel welcome to come back anytime. =-)

chasesfish

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Re: 2019 fire cohort
« Reply #1947 on: February 24, 2019, 05:09:47 PM »
Three weeks away, only 13 more working days

Eric

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Re: 2019 fire cohort
« Reply #1948 on: February 25, 2019, 05:38:41 PM »
I'm back from my vacation.  Sorry to read about all of you struggling with finding the confidence to pull the plug.  After two weeks off, I can decidedly say that I am ready to quit yesterday.  But of course I'm sticking with the plan of 4/19.  However, assuming I receive a small bonus that I'm expecting on Thursday, I plan to give my notice then, which would be about 7 weeks notice.  Fingers crossed that they simply walk me out the door then.  lol

chasesfish

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Re: 2019 fire cohort
« Reply #1949 on: February 26, 2019, 08:20:33 AM »
I'm back from my vacation.  Sorry to read about all of you struggling with finding the confidence to pull the plug.  After two weeks off, I can decidedly say that I am ready to quit yesterday.  But of course I'm sticking with the plan of 4/19.  However, assuming I receive a small bonus that I'm expecting on Thursday, I plan to give my notice then, which would be about 7 weeks notice.  Fingers crossed that they simply walk me out the door then.  lol

I have to second this.  I just got back from a nearly two week vacation and it was very clear to me, I'm ready to do this for a much longer time.