Author Topic: 2019 fire cohort  (Read 446929 times)

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Re: 2019 fire cohort
« Reply #1950 on: February 26, 2019, 09:16:03 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

If they do walk you out after giving your 7 weeks notice, are you expecting that they will pay you for those 7 weeks?  I think my company will have the same approach of walking me out but I also think they will try to stop paying me as well.

Eric

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Re: 2019 fire cohort
« Reply #1951 on: February 26, 2019, 09:37:06 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

If they do walk you out after giving your 7 weeks notice, are you expecting that they will pay you for those 7 weeks?  I think my company will have the same approach of walking me out but I also think they will try to stop paying me as well.

Nah, they won't walk me.  That's just a pipe dream.  We basically have company sponsored going away parties for people leaving even if they're taking a job with a competitor.

Trifele

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Re: 2019 fire cohort
« Reply #1952 on: February 26, 2019, 01:12:52 PM »
Bumping the list, as it was getting hard to find on prior pages.  Cycling Stache hasn't posted to the thread since early November, so I moved him to "TBD" until we hear from him.

March is nearly here!

2019 FIRE Cohort:

01/01/19     Bingeworker (52)        CONFIRMED
01/31/19     Trifele (51)                 CONFIRMED
02/01/19     Socmonkey (37)         CONFIRMED
02/01/19     August (54)                CONFIRMED
02/01/19     Keeks (42)                 CONFIRMED
02/01/19     TheShinyHorse           CONFIRMED   
02/13/19     SeanTash                   CONFIRMED
02/28/19     nowwhat? (56)           CONFIRMED
03/15/19     exit2019  (40)
03/18/19     Cycling Stache (43)
03/19/19     ChasesFish (36)
03/??/19     MissNancyPryor (50)     
03/??/19     Edgema
03/29/19     JumboShrimp
03/31/19     BlindSquirrel
03/29/19     Loren Ver (36)
03/29/19     Mr. Ver (39)
04/01/19     HalfStached  (41)
04/01/19     Gerardc  (35)
04/01/19     JoJo (45)
04/01/19     Ryder (39)
04/04/19     PowerStache (43)
04/19/19     Eric
04/26/19     FIRE 20/20  (42)
04/??/19     Luck12  (41)
05/01/19     Albireo13  (61)
05/15/19     MaybeBabyMustache                   
05/??/19     SamIAm38  (29)
05/31/19     Odiedog8590  (62)
05/31/19     Livingthedream55  (59)
05/31/19     dude                              Date Confirmed
06/01/19     Prairie Stash
06/07/19     DreamFire
06/15/19     Okonomiyaki (49)
06/15/19     2Birds1Stone  (32)
06/21/19     Parizade  (62)
06/22/19     Waffles  (52)
06/30/19     Pylortes  (42)
06/??/19     Oldtoyota
07/??/19     powersuitrecall  (47)
07/??/19     Enigma  (39)
07/??/19     Thedividebyzero  (45)
07/03/19     Gerard
07/03/19     Miss Piggy
07/05/19     StoaX (58)
07/29/19     Lews Therin (29)
08/01/19     SugarMountain
09/02/19     Cornbread OMalley  (42)  Date Confirmed
09/??/19     RetirementDreaming
09/??/19     dayzero
10/??/19     VoteCthulu  (39)
10/??/19     Trix76  (43)
10/??/19     MoMan  (55)
10/??/19     Dreamer
10/??/19     Cookie78
12/??/19     HBFI  (38)
12/??/19     luckyme13  (45)
12/19/19     Itchyfeet  (47)
12/27/19     moxie
12/31/19     texxan1  (47)

2019 Cohort with date TBD:
Lowerbills (40)
getoutsoon (52)
IPlawyer
MustacheAnxiety
forward

OMY/2MY/Etc:
Freedomin5 (38)
Roboturner  (30)
Bateaux (51)
Linda_Norway (45)
CryingInThePool  (44)

OLY
markbike528cbx  (55)      OLY -- CONFIRMED 6/1/18; checking in as OP
MoneyStacher  (50)         OLY -- CONFIRMED 2018
PhilB  (52)                      OLY -- CONFIRMED 10/24/18
sui generis  (41)              OLY -- CONFIRMED 8/17/18
TartanTallulah  (55)          OLY -- CONFIRMED 10/2018
cerat0n1a                       OLY -- CONFIRMED 2018 
Chairman                        OLY -- CONFIRMED 2018
Bognish (43)                   OLY -- CONFIRMED 11/16/18
« Last Edit: March 07, 2019, 10:30:09 AM by Trifele »

MoMan

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Re: 2019 fire cohort
« Reply #1953 on: February 26, 2019, 02:25:50 PM »
Just passed another little FIRE milestone: My FINAL performance review!

In reality, my performance reviews have always been non events, so as expected there were no surprises. Plus I really like my current manager.

Pretty much all I heard was
Quote
MoMan, blah blah blah  blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah blah ... Keep up the good work

My manager also mentioned that bonuses will be paid out in the next few weeks and there has been no news about COLAs or merit-based raises. I smiled, thinking to myself, "I couldn't care less." Besides, I haven't really spent last year's bonus.

Also, I am now 90 "c" days away from retiring: I work from home 2 days a week, so I only have 90 more cubicle/commute days remaining. Still painful but the time will pass quickly I hope.

chasesfish

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Re: 2019 fire cohort
« Reply #1954 on: February 27, 2019, 04:57:29 PM »
I'm 35 and fired two years ago at 33. I was a software engineer and when I quit my career I was making just under $300,000 a year so I can relate to the golden handcuffs dilemma.

Others may have spoken to this effect already but I think our generation has a problem with thinking life requires meaning. Nothing on this planet requires meaning to live. Drawing breath does not involve meaning and I think most people will be a lot happier in the long run if they divorce meaning from happiness. I spent a lot of time thinking about this after I stopped working and suddenly had many hours of the day to ponder what it is I wanted to be doing with my life. I realized that meaning is a self-imposed construct that inevitably only limits what you're able to do with your life because of the negative feelings that arise from the idea of having a lack of meaning. Trying to find meaning in any particular activity of your life leaves you open to unhappiness if your circumstances suddenly change and you are no longer able to live meaningfully. Think about the worker whose meaning is pouring his soul into woodworking and is suddenly disabled to where he is no longer able to do that. We put such a great weight on meaning that the loss of it creates identity crises for many people. If instead we focused on the pursuit of happiness then when something is no longer able to provide it we can simply continue the pursuit elsewhere.

If you're financially independent and your job brings you no happiness, perhaps you should question why you're spending 40 or more hours a week doing something that brings you know happiness. It could be that the salary allows you to do other things in your life that bring enough happiness that it's worth those 40 hours a week. Perhaps the job itself is rewarding to you and give some form of happiness. If it isn't then what is the point of staying in the job?

If you're not truly financially independent then it would seem the answer is comparing the choice of staying in the job to become more so and what amount of happiness in life that may provide you while doing it and choosing to leave the job for something else and what level of happiness that could provide. Everything in life is a gamble though and there's no guarantee that something you may choose to pursue will provide the level of happiness you think it will, particularly if you're pursuing something that is new to you and you don't yet know whether you truly enjoy it.

I've noticed that some of the happiest people I've come across aren't the most intelligent. I think this allows them to more easily accept most things in life and be happy with what they have. Those of us constantly questioning things and looking for the best or quickest way to do something never seem to be satisfied and I wonder if the feeling of needing meaning is somehow tied to that. I've spent a lot of time trying to slow down and actually enjoy my life more and think about meaning less. I've been pleasantly surprised at how okay I am with not accomplishing much on a day-to-day basis. I would say that last spring is probably the first time in my life that I've experienced truly unbridled joy just to be alive. Taking in a glorious day, going for a walk, or something else of that nature. None of those things involve meaning and I've never been happier.

This was posted on another thread and it was too good not to republish for all of us 2019 counterparts to think about

FIRE 20/20

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Re: 2019 fire cohort
« Reply #1955 on: February 27, 2019, 06:34:40 PM »
Bumping the list, as it was getting hard to find on prior pages.  Cycling Stache hasn't posted to the thread since early November, so I moved him to "TBD" until we hear from him.

March is nearly here!


Thanks!  I like having one copy on the current page. 

MaybeBabyMustache

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Re: 2019 fire cohort
« Reply #1956 on: February 28, 2019, 12:47:11 PM »
77 days until my sabbatical. Went to lunch with a senior director (peer team) & she encouraged me to think hard about what I want when I'm out, because she thinks it's very likely I can ask for & receive any flexible work arrangement. That would be huge, as I could keep my stock & determine if I enjoy doing a part time role. I've previously not given much thought to this, as my employer very, very rarely grants part time. We shall see!
« Last Edit: February 28, 2019, 08:24:40 PM by MaybeBabyMustache »

Eric

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Re: 2019 fire cohort
« Reply #1957 on: February 28, 2019, 01:13:51 PM »
Just gave my notice.  No going back now!


Trifele

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Re: 2019 fire cohort
« Reply #1958 on: February 28, 2019, 01:20:20 PM »
Congratulations @Eric !!  You have strapped on your chute and have stepped up to the open door of the plane.  3 . . . 2 . . . 1 . . . .

@MaybeBabyMustache -- that is great news.  Options are good things to have.  :)

stoaX

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Re: 2019 fire cohort
« Reply #1959 on: February 28, 2019, 01:30:05 PM »
Just gave my notice.  No going back now!



Congratulations! Time for new adventures!

Despite being ready and confident in my plans, there was a pit in my stomach when I actually said the words to my boss that I'm retiring. 

Eric

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Re: 2019 fire cohort
« Reply #1960 on: February 28, 2019, 01:39:22 PM »
Congratulations! Time for new adventures!

Despite being ready and confident in my plans, there was a pit in my stomach when I actually said the words to my boss that I'm retiring.

I had a practice run.  First thing this morning, I took a young temp aside (that I think is a really good worker and smart kid) to let him know he's about to have some leverage, and whatever they offer him, he should counter for more.  I wish someone would've done that for me when I was his age!  I was feeling the nerves for that talk.  Then a couple hours later, I told my boss and he was cool with it and I was definitely less nervous.  Makes no sense, I know.  But I guess the practice run must've really helped.

Parizade

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Re: 2019 fire cohort
« Reply #1961 on: February 28, 2019, 04:35:28 PM »
Just gave my notice.  No going back now!

Congratulations Eric!


2Birds1Stone

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Re: 2019 fire cohort
« Reply #1962 on: February 28, 2019, 06:42:12 PM »
I have the sudden urge to hanglide!

Congrats @Eric !!!!

MaybeBabyMustache

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Re: 2019 fire cohort
« Reply #1963 on: February 28, 2019, 08:25:44 PM »
Congrats, @Eric
Thanks, @Trifele - totally agree. Nothing wrong with having more options

markbike528CBX

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Re: 2019 fire cohort
« Reply #1964 on: February 28, 2019, 08:47:43 PM »
77 days until my sabbatical. Went to lunch with a senior director (peer team) & she encouraged me to think hard about what I want when I'm out, because she thinks it's very likely I can ask for & receive any flexible work arrangement. That would be huge, as I could keep my stock & determine if I enjoy doing a part time role. I've previously not given much thought to this, as my employer very, very rarely grants part time. We shall see!

Be careful MaybeBabyMustashe:   This looks like the slippery slope to OMY.  Also I'd like to point out that several forum members have found Part Time = FTEquivalient,
Just remember you have FU Money exponentially and have total control of the situation.   Nothing less than your ultimate goal is acceptable. 
Smoke up your a.....  a year prior is not the same thing as FIRE.

Go 2019!

Mark, OP, OLY

PhilB

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Re: 2019 fire cohort
« Reply #1965 on: March 01, 2019, 12:04:41 AM »
77 days until my sabbatical. Went to lunch with a senior director (peer team) & she encouraged me to think hard about what I want when I'm out, because she thinks it's very likely I can ask for & receive any flexible work arrangement. That would be huge, as I could keep my stock & determine if I enjoy doing a part time role. I've previously not given much thought to this, as my employer very, very rarely grants part time. We shall see!

Be careful MaybeBabyMustashe:   This looks like the slippery slope to OMY.  Also I'd like to point out that several forum members have found Part Time = FTEquivalient,
Just remember you have FU Money exponentially and have total control of the situation.   Nothing less than your ultimate goal is acceptable. 
Smoke up your a.....  a year prior is not the same thing as FIRE.

Go 2019!

Mark, OP, OLY
I'd second those concerns about PT turning into FT, but that can be managed.  My 1 day a week gig is actually turning out to be 1.5 to 2 most weeks and, if I let it, could be just as stressful as FT.  It isn't for me because I was well prepared.  I expected the hours creep so rather than agree to 2 days - which was my initial thought - I only offered 1 day with paid overtime for anything over that.  This way I'm doing less than I expected, they are getting more than they feared and everyone is happy.  More importantly, it's a time limited role and I made it clear that I'd be as helpful as possible, but I refused to actually own anything unless I wanted to.  That leaves me in a position to just dump all the stress up the line and go play with my woodpile.
For me it has been a useful transition mentally and doesn't get in the way of living the FIRE life too much as school age kids already imposes so much structure. 
ETA: If my PT role wasn't already time-limited I would probably be looking to end it fairly soon.  It's done its job of helping me transition and it is starting to get annoying when my working day turns out to be the day with the best weather!
« Last Edit: March 01, 2019, 12:24:32 AM by PhilB »

Loren Ver

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Re: 2019 fire cohort
« Reply #1966 on: March 01, 2019, 02:25:08 PM »
Congrats @Eric !!  Deep breaths!

The count down has really started in my family.  This is the last month.  At this time next month we will be in Chicago starting our route 66 drive.  Whee!

Each time I see the list, I am happy there are more people, but I wonder if my and Mr Ver's last days should be that Friday (Match 29th) since neither of us work weekends.... 

I still haven't heard from HR and it has been a week and a half.  Not sure if this is normal since I have never done this before.  Might have to poke my boss to make sure things are happening.

LV



chasesfish

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Re: 2019 fire cohort
« Reply #1967 on: March 01, 2019, 03:18:38 PM »
Congrats Eric!

MaybeBabyMustache

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Re: 2019 fire cohort
« Reply #1968 on: March 01, 2019, 03:23:58 PM »
77 days until my sabbatical. Went to lunch with a senior director (peer team) & she encouraged me to think hard about what I want when I'm out, because she thinks it's very likely I can ask for & receive any flexible work arrangement. That would be huge, as I could keep my stock & determine if I enjoy doing a part time role. I've previously not given much thought to this, as my employer very, very rarely grants part time. We shall see!

Be careful MaybeBabyMustashe:   This looks like the slippery slope to OMY.  Also I'd like to point out that several forum members have found Part Time = FTEquivalient,
Just remember you have FU Money exponentially and have total control of the situation.   Nothing less than your ultimate goal is acceptable. 
Smoke up your a.....  a year prior is not the same thing as FIRE.

Go 2019!

Mark, OP, OLY
I'd second those concerns about PT turning into FT, but that can be managed.  My 1 day a week gig is actually turning out to be 1.5 to 2 most weeks and, if I let it, could be just as stressful as FT.  It isn't for me because I was well prepared.  I expected the hours creep so rather than agree to 2 days - which was my initial thought - I only offered 1 day with paid overtime for anything over that.  This way I'm doing less than I expected, they are getting more than they feared and everyone is happy.  More importantly, it's a time limited role and I made it clear that I'd be as helpful as possible, but I refused to actually own anything unless I wanted to.  That leaves me in a position to just dump all the stress up the line and go play with my woodpile.
For me it has been a useful transition mentally and doesn't get in the way of living the FIRE life too much as school age kids already imposes so much structure. 
ETA: If my PT role wasn't already time-limited I would probably be looking to end it fairly soon.  It's done its job of helping me transition and it is starting to get annoying when my working day turns out to be the day with the best weather!

It's good feedback & perspective on all sides, and I like your take @PhilB . For me, it comes down to finding the right compromise with my spouse. And by that, I mean that he's totally supportive of whatever is best for me/my health/mental state. But, I have my own feelings on that & him working another 7 years while I'm fully retired. I think that trying out a part time gig & validating whether it is indeed full time masked as part time (and as such, a terrible tradeoff), or something that I enjoy & fits in well with my family friendly (desired) lifestyle, is at least worth investigating. 

2Birds1Stone

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Re: 2019 fire cohort
« Reply #1969 on: March 02, 2019, 07:08:46 AM »
15 weeks to go here!!!

This months market performance has us at 16x annual expenses.

FIRE 20/20

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Re: 2019 fire cohort
« Reply #1970 on: March 02, 2019, 02:22:45 PM »
77 days until my sabbatical. Went to lunch with a senior director (peer team) & she encouraged me to think hard about what I want when I'm out, because she thinks it's very likely I can ask for & receive any flexible work arrangement. That would be huge, as I could keep my stock & determine if I enjoy doing a part time role. I've previously not given much thought to this, as my employer very, very rarely grants part time. We shall see!

You post reminded me of Dr. Doom's (LivingAFI) third post in the Quit Series.  It's one of my favorite posts.  The situation is different, but there are some parallels.  The link is below, but if you aren't familiar with the blog reading parts 1&2 might be good.  https://livingafi.com/2015/03/22/quitters-never-win-except-when-they-do-33/



FIRE 20/20

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Re: 2019 fire cohort
« Reply #1971 on: March 02, 2019, 02:43:24 PM »
I finally looked into the pensions that my partner and I are eligible for.  I have intentionally ignored the value of the pensions because pensions are notoriously unreliable; my company could go out of business and government insurance is no guarantee that we'll get most or all of the money that they claim we'll get.  I still consider our pensions a bonus that we can't rely on, so I've avoided learning details other than things that are important to my planning.  For instance, I know how payouts are calculated, I know the early retirement rules, I know about vesting, etc.  I just don't know how much we're supposed to get - at least I didn't until today.

In short, if we quit at the end of April as planned we should get enough to cover ~70% of our planned expenses starting in 22-23 years.  This is a lot more than I expected!  The dollar figure increases according to an inflation calculation until we start taking it, then the dollar figure freezes.  That's another reason we can't count on it; inflation will eat away at the value of our pension payments.  Nevertheless, if the pensions are around that plus SS will put us well over our planned expenses (starting at very roughly 140% and dropping over time).  With the run-up in equities over the past 2 months we unexpectedly are now past 30x our planned spending if the ACA stays as-is.  We're close to 25x if the ACA cost sharing and premium subsidies are eliminated, give or take. 

I feel like this should make me feel better, but I can't help but feel like the failure modes for each are correlated.  In other words, if the 4% rule fails even if we cut spending, then things are going to be so bad that our company may fail and government may have trouble funding social security.  On the other hand, if the pension is around and S.S. pays out what we expect then it's likely that the 4% rule worked and we'll have way too much. 

I need to get over my fear of these risks.  While I haven't submitted my formal notice, I've told everyone at work my plans.  I'm leaving whether I'm terrified or not.  But all the back-up plans (and the above are just a few) aren't enough to make the fear subside.  I am far more excited than fearful, but I'm pretty damn fearful. 

chasesfish

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Re: 2019 fire cohort
« Reply #1972 on: March 03, 2019, 05:17:13 AM »
@FIRE 20/20 - I also have a pension to throw into the calculation.  I've wondered how to/not to value it and ultimately I got past 25x before calculating it.

I've found the best way to include this is to use Fidelity's guaranteed income estimator, then act as if you had to buy an annuity today to replace that pension.  It'll give you a lump sum you pay in today.  That's basically the value of your pension if you want to include it in your net worth or 4% calculation.

https://gpi.fidelity.com/ftgw/interfaces/gie/


nowwhat?

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Re: 2019 fire cohort
« Reply #1973 on: March 03, 2019, 04:40:04 PM »
I've been lurking a couple years- Officially FIRE'd 2-28-19. Looking for new adventures and opportunities!!

chasesfish

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Re: 2019 fire cohort
« Reply #1974 on: March 03, 2019, 04:41:35 PM »
I've been lurking a couple years- Officially FIRE'd 2-28-19. Looking for new adventures and opportunities!!
That's a hell of a first post!  Congratulations

Loren Ver

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Re: 2019 fire cohort
« Reply #1975 on: March 03, 2019, 04:43:54 PM »
I've been lurking a couple years- Officially FIRE'd 2-28-19. Looking for new adventures and opportunities!!
That's a hell of a first post!  Congratulations

Congrats!  Welcome to the cohort!

Trifele

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Re: 2019 fire cohort
« Reply #1976 on: March 04, 2019, 04:25:21 AM »
Congrats and welcome aboard @nowwhat? !  Got you added to the list above.  Also got your dates changed @Loren Ver.


Parizade

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Re: 2019 fire cohort
« Reply #1977 on: March 04, 2019, 05:04:56 AM »
I've been lurking a couple years- Officially FIRE'd 2-28-19. Looking for new adventures and opportunities!!

Congratulations!

Loren Ver

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Re: 2019 fire cohort
« Reply #1978 on: March 04, 2019, 05:05:06 AM »
Thank you @Trifele.  Also, I love that you are playing in the dirt!!!  It has been over a month, how are you doing??

Loren

2Birds1Stone

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Re: 2019 fire cohort
« Reply #1979 on: March 04, 2019, 05:19:03 AM »
Congrats, @nowwhat?

We need a rule to encourage delurking before someone pulls the plug, lest they don't make the list ;)

Moving forward of course.

Ryder

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Re: 2019 fire cohort
« Reply #1980 on: March 04, 2019, 06:44:13 AM »
I've also handed in my notice, with the first day of retirement being as planned, April 1st.

Must confess there's a bit of a feeling of loss and guilt, but it's by far overruled by the joy of the prospect of freedom and, oddly enough, a feeling of relief. The closer the date is, the more I just want to be done with this. Six or twelve months ago I could have formulated not-unrealistically high incentives (type of work + compensation) that would have gotten me to continue working. At this point, I can't.


To weigh in on the earlier discussion on mortgages: I've chosen to pay mine off. I don't think it would make a huge difference either way with how the taxes are structured where I live. Knowing that my fixed living expenses (including maintenance, insurance, food, transportation, energy, etc.) are just some 3 digit number monthly does give me a very comfortable feeling. Worst case if all my money evaporates I can still live extremely comfortably on just about any job, part-time at that. The choice was made a lot easier by the house representing <5% of the overall nest egg - there's not much Fear Of Missing Out on higher capital gains elsewhere.

I don't mentally regard the house as an investment, but more as a sunk one-time cost virtually guaranteeing a solar panelled roof over my head for the rest of my life.
« Last Edit: March 04, 2019, 07:09:00 AM by Ryder »

TheShinyHorse

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Re: 2019 fire cohort
« Reply #1981 on: March 04, 2019, 07:07:01 AM »
I officially FIREd one month ago. Mid thirties, male from Holland.
Feels like it hasn't really sunk in yet. I really liked my job, so I will miss it. But I guess I'll have more time now to build an even better life.
I too suffered from the OMY syndrome and I actually stayed one year too long I'm afraid. Guess I'll have to enjoy my free time extra hard now to make up for it!

I'm not sure what to tell friends and family, my current plan is to just tell them I'm an IT freelancer and pretend I have some projects now and then. Which will probably end up happening at some point. Not 100% comfortable with this, but there's a high cultural expectation to work, perform, achieve... And I'm not really eager to tell much about my financial status.

Linea_Norway

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Re: 2019 fire cohort
« Reply #1982 on: March 04, 2019, 08:01:43 AM »
I officially FIREd one month ago. Mid thirties, male from Holland.
Feels like it hasn't really sunk in yet. I really liked my job, so I will miss it. But I guess I'll have more time now to build an even better life.
I too suffered from the OMY syndrome and I actually stayed one year too long I'm afraid. Guess I'll have to enjoy my free time extra hard now to make up for it!

I'm not sure what to tell friends and family, my current plan is to just tell them I'm an IT freelancer and pretend I have some projects now and then. Which will probably end up happening at some point. Not 100% comfortable with this, but there's a high cultural expectation to work, perform, achieve... And I'm not really eager to tell much about my financial status.

Maybe you could tell your friends that you are taking a sabbatical now and will be freelancing later. If they then ask whether you are having a project, you can honestly answer, "no, not yet".

Loren Ver

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Re: 2019 fire cohort
« Reply #1983 on: March 04, 2019, 08:09:36 AM »
Congrats @TheShinyHorse and @Ryder.   

Exciting times!

Trifele

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Re: 2019 fire cohort
« Reply #1984 on: March 04, 2019, 09:14:43 AM »
Thank you @Trifele.  Also, I love that you are playing in the dirt!!!  It has been over a month, how are you doing??

Loren


I'm doing great, thanks!  No decompression problems so far.  I think it helped that I had plenty to retire TO.  I'm much busier than I was before I retired; I always heard Post-FIRE people say that, and it's true.  I joined the Y, am working out, spending loads of time in my garden, and more time with my kids.  I walk around with perma-grin on my face.  I'm more relaxed, and I think I'm a nicer person.  It's like the best vacation I've ever had, only way better because it doesn't end.

One thing that surprised me a lot though -- before FIRE I had all these major travel plans, and now I have lost the urge.  I find myself being just really happy where I am.  I guess that's a great thing, but part of me is sad?  wistful? that I'm not going to those places I was dreaming of.  Oh well, it's only been a month.  Maybe the travel bug will bite me again later haha.   

itchyfeet

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Re: 2019 fire cohort
« Reply #1985 on: March 04, 2019, 11:44:38 AM »
Thank you @Trifele.  Also, I love that you are playing in the dirt!!!  It has been over a month, how are you doing??

Loren


I'm doing great, thanks!  No decompression problems so far.  I think it helped that I had plenty to retire TO.  I'm much busier than I was before I retired; I always heard Post-FIRE people say that, and it's true.  I joined the Y, am working out, spending loads of time in my garden, and more time with my kids.  I walk around with perma-grin on my face.  I'm more relaxed, and I think I'm a nicer person.  It's like the best vacation I've ever had, only way better because it doesn't end.

One thing that surprised me a lot though -- before FIRE I had all these major travel plans, and now I have lost the urge.  I find myself being just really happy where I am.  I guess that's a great thing, but part of me is sad?  wistful? that I'm not going to those places I was dreaming of.  Oh well, it's only been a month.  Maybe the travel bug will bite me again later haha.

That doesn’t surprise me. DW and I have been discussing this these past days ie: when we FIRE is not a stretch to imagine we travel less rather than more. These days we often feel the need to escape, maybe we won’t post FIRE. Time will tell.

Trifele

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Re: 2019 fire cohort
« Reply #1986 on: March 04, 2019, 02:45:37 PM »
Congrats @Ryder and @TheShinyHorse !  Welcome to the other side.  :)

Wow, I never expected so many new people to pop out with FIRE announcements.  What do you all think -- should we add this type of FIRE announcement to the cohort list?


Half Stached

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Re: 2019 fire cohort
« Reply #1987 on: March 04, 2019, 03:14:27 PM »
Congrats @Ryder and @TheShinyHorse !  Welcome to the other side.  :)

Wow, I never expected so many new people to pop out with FIRE announcements.  What do you all think -- should we add this type of FIRE announcement to the cohort list?

Let's add them - the more the merrier! Oh, and congrats! :)

On my end, things are getting real. I just received a meeting invite for March 15 for my exit interview. So, perhaps I am leaving two weeks early? I'll have to ask my boss what's up next time I see him. Last we talked, he was going to lay me off (with severance) the first week of April. Two weeks either way doesn't matter much to me, so long as I get my annual bonus paid out.

Today, I am working from home as I had no meetings scheduled. Work has been getting very slow as my projects finish up and I stop getting new ones...

Parizade

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Re: 2019 fire cohort
« Reply #1988 on: March 04, 2019, 05:04:36 PM »
One thing that surprised me a lot though -- before FIRE I had all these major travel plans, and now I have lost the urge.  I find myself being just really happy where I am.  I guess that's a great thing, but part of me is sad?  wistful? that I'm not going to those places I was dreaming of.  Oh well, it's only been a month.  Maybe the travel bug will bite me again later haha.

I'm not FIRE yet but I've experienced this too. I use to love travel and was always planning a new adventure. Now I'm just so content with my life I don't feel any need to run off elsewhere. I still plan to spend winters in Mexico but that will probably be the extent of my travel post FIRE.

exit2019

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Re: 2019 fire cohort
« Reply #1989 on: March 04, 2019, 09:42:50 PM »
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?

I resigned in mid-February.  It looks like I will either OLQ(uarter) or OLY it based on the response.  I kind of dread that with a sort of really primal loathing but if they actually deliver I will do it. Right now we are ticking down to my exit date with no plan in place but I'd give 75+% odds that they come back with a compelling counter and that against my psychological and physical health I'll stick around for it.

TL;DR: TBD.  I did the resign part but I may not do the stick-to-it part. we'll see. don't mark me as CONFIRMED.


« Last Edit: March 04, 2019, 09:44:21 PM by exit2019 »

TheShinyHorse

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Re: 2019 fire cohort
« Reply #1990 on: March 05, 2019, 01:16:43 AM »
I officially FIREd one month ago. Mid thirties, male from Holland.
Feels like it hasn't really sunk in yet. I really liked my job, so I will miss it. But I guess I'll have more time now to build an even better life.
I too suffered from the OMY syndrome and I actually stayed one year too long I'm afraid. Guess I'll have to enjoy my free time extra hard now to make up for it!

I'm not sure what to tell friends and family, my current plan is to just tell them I'm an IT freelancer and pretend I have some projects now and then. Which will probably end up happening at some point. Not 100% comfortable with this, but there's a high cultural expectation to work, perform, achieve... And I'm not really eager to tell much about my financial status.

Maybe you could tell your friends that you are taking a sabbatical now and will be freelancing later. If they then ask whether you are having a project, you can honestly answer, "no, not yet".
Thanks for the idea. But I already did a sabattical a while ago. Came back to do OMY :-)
I think I'll look into some Master/MBA type of study as well. If I find something interesting I might actually do it or part of it if I enjoy it.

Loren Ver

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Re: 2019 fire cohort
« Reply #1991 on: March 05, 2019, 04:48:51 AM »
Thank you @Trifele.  Also, I love that you are playing in the dirt!!!  It has been over a month, how are you doing??

Loren


I'm doing great, thanks!  No decompression problems so far.  I think it helped that I had plenty to retire TO.  I'm much busier than I was before I retired; I always heard Post-FIRE people say that, and it's true.  I joined the Y, am working out, spending loads of time in my garden, and more time with my kids.  I walk around with perma-grin on my face.  I'm more relaxed, and I think I'm a nicer person.  It's like the best vacation I've ever had, only way better because it doesn't end.

One thing that surprised me a lot though -- before FIRE I had all these major travel plans, and now I have lost the urge.  I find myself being just really happy where I am.  I guess that's a great thing, but part of me is sad?  wistful? that I'm not going to those places I was dreaming of.  Oh well, it's only been a month.  Maybe the travel bug will bite me again later haha.

That doesn’t surprise me. DW and I have been discussing this these past days ie: when we FIRE is not a stretch to imagine we travel less rather than more. These days we often feel the need to escape, maybe we won’t post FIRE. Time will tell.

I have been wondering about this too.  I do love a good travel, but as my date got closer the more I just want to be at home.  DH has some concerns about starting off retirement in a rut, so we are doing a long road trip to kick things off on the right foot.  After that we will see. 

I am my mother-in-laws travel buddy for international trips, not sure how that dynamic will change once I am free.

LV

Trifele

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Re: 2019 fire cohort
« Reply #1992 on: March 05, 2019, 05:05:59 AM »
I've also handed in my notice, with the first day of retirement being as planned, April 1st.

Must confess there's a bit of a feeling of loss and guilt, but it's by far overruled by the joy of the prospect of freedom and, oddly enough, a feeling of relief. The closer the date is, the more I just want to be done with this. Six or twelve months ago I could have formulated not-unrealistically high incentives (type of work + compensation) that would have gotten me to continue working. At this point, I can't.


@Ryder -- I feel you, and that's exactly how I felt.  As FIRE approached there were some sad feelings but it was massively outweighed by the other feelings pushing me toward the exit.  I think all that is completely normal, since it is a major life transition.  Also agree on the mortgage -- we paid ours off just before I REd;  in our case the house is a much bigger chunk of NW, but psychologically it was important to own it outright.  Congrats and respect to you that you were able to achieve FIRE at such a young age.

Less than a month to go for you!  What will you do with your free time?  ;)




Parizade

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Re: 2019 fire cohort
« Reply #1993 on: March 05, 2019, 05:31:09 AM »
Are there any existing threads about adjusting your investments post-FIRE? Most of my investments are with Fidelity now because that was my employer's choice, but i'd like some guidance on tweaking my portfolio once my employer has no more say in my investments.

markbike528CBX

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Re: 2019 fire cohort
« Reply #1994 on: March 05, 2019, 08:19:08 AM »
Are there any existing threads about adjusting your investments post-FIRE? Most of my investments are with Fidelity now because that was my employer's choice, but i'd like some guidance on tweaking my portfolio once my employer has no more say in my investments.

If a substantial 401k is present, I might leave it there, due to possibly better lawsuit protection. Can anyone confirm or deny that ?

I looked in post-FIRE, and a little bit in investor alley, but no relevant threads popped out at me.

If you like your AA the day before FIRE, it should be just as good the day after you start FIRE.

Loren Ver

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Re: 2019 fire cohort
« Reply #1995 on: March 05, 2019, 08:52:36 AM »
Are there any existing threads about adjusting your investments post-FIRE? Most of my investments are with Fidelity now because that was my employer's choice, but i'd like some guidance on tweaking my portfolio once my employer has no more say in my investments.

If a substantial 401k is present, I might leave it there, due to possibly better lawsuit protection. Can anyone confirm or deny that ?

I looked in post-FIRE, and a little bit in investor alley, but no relevant threads popped out at me.

If you like your AA the day before FIRE, it should be just as good the day after you start FIRE.

I haven't seen too much either.  Most people seem to go with as aggressive as you can still sleep with at night.  Opinions vary wildly.  Using cfiresim, i have found that higher stock allocations with flexible spending, give the best success rates.  But I am a pretty aggressive investor.

Afford Anything has talked about a U shaped AA over time https://affordanything.com/heres-a-counterintuitive-idea-for-your-retirement/
I find the idea quite interesting. 


Ryder

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Re: 2019 fire cohort
« Reply #1996 on: March 06, 2019, 07:59:22 AM »
@Ryder -- I feel you, and that's exactly how I felt.  ...

Less than a month to go for you!  What will you do with your free time?  ;)

Thanks :).

Definitely at least one big (<2 months though) trip planned, now getting a bit worried by all the reports above of people losing interest in travel now, haha.

Livingthedream55

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Re: 2019 fire cohort
« Reply #1997 on: March 06, 2019, 08:17:38 AM »
Congrats @Ryder and @TheShinyHorse !  Welcome to the other side.  :)

Wow, I never expected so many new people to pop out with FIRE announcements.  What do you all think -- should we add this type of FIRE announcement to the cohort list?

Sure! Why not?


Trifele

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Re: 2019 fire cohort
« Reply #1998 on: March 06, 2019, 08:22:30 AM »
Congrats @Ryder and @TheShinyHorse !  Welcome to the other side.  :)

Wow, I never expected so many new people to pop out with FIRE announcements.  What do you all think -- should we add this type of FIRE announcement to the cohort list?

Sure! Why not?

Done!  I've got TheShinyHorse and nowwhat? added to the list above.  The more the merrier. 

Keeks

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Re: 2019 fire cohort
« Reply #1999 on: March 06, 2019, 09:57:05 AM »
Hi!  Wow--so many people making progress towards pulling the plug--congrats!!

I've been gone (traveling in Mexico) for a while, so thought I'd comment "from the other side" now that I'm back in the US. 

1.  Guilt and sadness:  I've come to realize that I got lucky by being laid off.  I did have intermittent feelings of guilt (guilt for my DH--not for leaving my company or societal guilt) and sadness.  I will say they lessened a lot AFTER I left the job.  I still had some, and it really subsided a lot after the first week or so of FIRE.  I now have real sense of clarity that if money, socialization, purpose became an issue I could find something to do that would better align to my needs/values/interests than my previous job.  Don't get me wrong, I had an amazing career and opportunities--but I had become too burnt out to continue on.

I also realize that I would probably be a total chicken if it came to ME being the one to walk away--if I had not been laid off.  Quitting in July 2019 was the plan, but I do wonder if the overachiever in me would have wanted OMQ, OMY, OM$50,000....  I know now that getting laid off removed the burden that I see a few of you struggling with--so I'm lucky to have been laid off.  Its the kick out of the nest I needed and its been great so far.

2.  Investing:  Along with my FP, we have come up with a allocation bucket.  I'll be honest and say when he proposed it a year ago, I questioned if it was too conservative.  However, what we've done is to have a non IRA account with 2 years spending in cash, 2 years in bonds (in theory...although its really in cash now because bonds are too low), and 1 year in stocks.  All of the rest of my portfolio is invested 80%/20%.  His proposal was to buy myself a cushion of not needing to sell for several years, based on the recovery timing of past markets and protect against SRR.  Probably too conservative for many, and I thought it would be for me--but now feeling good with the allocation.