Author Topic: 2019 fire cohort  (Read 335461 times)

Parizade

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Re: 2019 fire cohort
« Reply #2000 on: March 06, 2019, 10:46:33 AM »
Wow, timely medical advice for the 2019 cohort - from 'Mayo Clinic' ;-D

[Health Experts Recommend Standing Up At Desk, Leaving Office, Never Coming Back]

Linea_Norway

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Re: 2019 fire cohort
« Reply #2001 on: March 06, 2019, 11:20:14 PM »
Wow, timely medical advice for the 2019 cohort - from 'Mayo Clinic' ;-D

[Health Experts Recommend Standing Up At Desk, Leaving Office, Never Coming Back]

LOL

In particular that part about hurling your stuff ID over the parking lot. I always take it of as soon as I leave my desk, walking out without ID around my neck. As my little act of resistence.

Funny that the article didn't say anything about coming back the next day. If that wasn't the intention, then you can't do this too often.

markbike528CBX

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Re: 2019 fire cohort
« Reply #2002 on: March 07, 2019, 02:36:56 AM »
The Onion is satire/ humor, but sadly sometimes excessively close to the truth.

https://www.theonion.com/demonic-spirit-claws-way-out-of-hell-to-flicker-lights-1833096666

Parizade

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Re: 2019 fire cohort
« Reply #2003 on: March 07, 2019, 03:31:34 AM »
In particular that part about hurling your stuff ID over the parking lot. I always take it of as soon as I leave my desk, walking out without ID around my neck. As my little act of resistence.

I liked the ID bit too LOL. Good on you for your act of resistance, I too often forget I'm wearing it and walk around with it on all night.

The Onion is satire/ humor, but sadly sometimes excessively close to the truth.

As the saying goes 'it's funny 'cuz it's true.' I mostly enjoy the Onion, but every now and then it makes me wince.
« Last Edit: March 07, 2019, 03:41:50 AM by Parizade »

Cycling Stache

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Re: 2019 fire cohort
« Reply #2004 on: March 07, 2019, 08:23:32 AM »
My last day is March 18, 2019!

I know I've been overdue for an update, and there's more I'd like to write later about the process of leaving, which wasn't as straightforward as I thought.  My last day was delayed by the government shutdown and a last-minute trial, but I gave my notice a couple days ago.

I'm looking forward to the next phase of my life.  Very much!

P.S.  Can someone correct my age to 43 in the table.  Thank you!  :)
« Last Edit: March 07, 2019, 08:39:56 AM by Cycling Stache »

MustacheAnxiety

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Re: 2019 fire cohort
« Reply #2005 on: March 07, 2019, 10:12:11 AM »
Congrats @Cycling Stache.  Nice to see the mustachian side of the government shut down: having to get paid for an extra month because your work won't open to let you  put notice in.

We are reevaluating FIRE in 2019 already.  Part being chickenshit and part a diagnosis of a not terrible but lifelong medical condition that is going to cost a few thousand a year to manage.

Trifele

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Re: 2019 fire cohort
« Reply #2006 on: March 07, 2019, 10:41:32 AM »
Thanks for the check in @Cycling Stache.  Got your date and age fixed on the list.  Also got a PM from 2Birds that his date has moved up a bit.  Bumping the list, so we have a copy on each page.  Should be lots more congratulations flowing from now until the end of the month!


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)
03/15/19     HalfStached  (47)
03/18/19     Cycling Stache (43)
03/19/19     ChasesFish (36)
03/??/19     MissNancyPryor (50)     
03/??/19     Edgema
03/29/19     JumboShrimp
03/29/19     Loren Ver (36)
03/29/19     Mr. Ver (39)
04/01/19     Gerardc  (35)
04/01/19     Ryder (39)
04/04/19     PowerStache (43)
04/19/19     Eric (42)
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
BlindSquirrel
I'm Fred (51)
JoJo (45)

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 14, 2019, 06:06:16 AM by Trifele »

2Birds1Stone

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Re: 2019 fire cohort
« Reply #2007 on: March 07, 2019, 10:59:04 AM »
Thanks, @Trifele!!!!

And I can't wait to celebrate with each and every one of you this year!!!!!!


Loren Ver

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Re: 2019 fire cohort
« Reply #2008 on: March 07, 2019, 02:30:37 PM »
Congrats @Cycling Stache .  You day is coming up FAST!

@MustacheAnxiety I'm sorry to hear about the diagnosis.  Hopefully the news only moves things around for you.

chasesfish

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Re: 2019 fire cohort
« Reply #2009 on: March 07, 2019, 05:02:03 PM »
Congrats @Cycling Stache.  Nice to see the mustachian side of the government shut down: having to get paid for an extra month because your work won't open to let you  put notice in.

We are reevaluating FIRE in 2019 already.  Part being chickenshit and part a diagnosis of a not terrible but lifelong medical condition that is going to cost a few thousand a year to manage.

Thoughts are with you.  Ongoing medical costs for my spouse pushed me from June of 2018 to March of 2019.

6 work days left.  I just realized next week is spring break and work is going to be empty!!

PowerStache

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Re: 2019 fire cohort
« Reply #2010 on: March 07, 2019, 06:28:54 PM »
19 more working days!  Getting tasks turned over at work and starting to relax. Gave my last presentation to the workforce today.  It's still a little surreal, but I already feel better that I am not going to worrying about budgets and people problems and processes much longer.

I put together a list of items I am wanting to do each week.  Not looking to schedule every moment post - FIRE, but set up a mild routine to keep me from sitting on the internet all day. (not going to happen, but still a irrational thought)

nowwhat?

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Re: 2019 fire cohort
« Reply #2011 on: March 08, 2019, 04:50:27 AM »
Congrats everyone!! WOW, thought I retired "early", looks like I'm one of the old farts!!

Loren Ver

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Re: 2019 fire cohort
« Reply #2012 on: March 08, 2019, 06:25:46 AM »
Congrats everyone!! WOW, thought I retired "early", looks like I'm one of the old farts!!

Early is early, no matter how early that is!!

My boss contacted HR so now there is paperwork.  With that milestone, I am starting to tell people, or more accurately, letting the few people that knew tell others.  I also got my bonus paperwork for 2018.  The bonus is only 30% of what is should have been because the business set the goal crazy high.  Oh well, at least we got something. 

16 days left!

LV

Parizade

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Re: 2019 fire cohort
« Reply #2013 on: March 08, 2019, 06:32:19 AM »
Congrats everyone!! WOW, thought I retired "early", looks like I'm one of the old farts!!

IKR! I'm starting to realize that the only people who think I'm retiring early are other working people my age. That's okay, before MMM I wasn't sure I'd ever be able to retire. Like many people my age, I feared I'd be working my way into a nursing home.

trix76

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Re: 2019 fire cohort
« Reply #2014 on: March 08, 2019, 11:45:15 PM »
My October date is starting to look questionable but for a very positive reason... This week, I interviewed for a new job at my current company. To be super transparent (and because I’m feeling the freedom of FU money) I told my would-be manager, who is an all-around awesome guy that I already know pretty well, that I was thinking of leaving in October either for a sabbatical or indefinitely. He volunteered that I could do the job remotely and/or part-time if I want. This was before I even asked about either possibility!

If this materializes and I like the job, I may stay on longer than Oct. 2019 to pad my stash, gift some $$$ to my beloved niece and nephews to minimize their college loans, etc. Stay tuned...


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Parizade

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Re: 2019 fire cohort
« Reply #2015 on: March 09, 2019, 12:44:37 AM »
My October date is starting to look questionable but for a very positive reason... This week, I interviewed for a new job at my current company. To be super transparent (and because Iím feeling the freedom of FU money) I told my would-be manager, who is an all-around awesome guy that I already know pretty well, that I was thinking of leaving in October either for a sabbatical or indefinitely. He volunteered that I could do the job remotely and/or part-time if I want. This was before I even asked about either possibility!

If this materializes and I like the job, I may stay on longer than Oct. 2019 to pad my stash, gift some $$$ to my beloved niece and nephews to minimize their college loans, etc. Stay tuned...


Sent from my iPhone using Tapatalk

Congratulations trix76! It is harder to leave when you work with good people and they are making the job fun.

Half Stached

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Re: 2019 fire cohort
« Reply #2016 on: March 09, 2019, 11:33:25 AM »
My early retirement is going to start early! I found out this week that I'm going to be let go (with 5 months severance) on March 15 - only 5 more working days. I had expected to be let go, but not until April. I'm quite excited!

So, put me down for a finish date of 3/15/19 - at age 47 (for some reason the list has me retiring at 41).

Linea_Norway

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Re: 2019 fire cohort
« Reply #2017 on: March 09, 2019, 11:37:44 AM »
My early retirement is going to start early! I found out this week that I'm going to be let go (with 5 months severance) on March 15 - only 5 more working days. I had expected to be let go, but not until April. I'm quite excited!

So, put me down for a finish date of 3/15/19 - at age 47 (for some reason the list has me retiring at 41).

5 months severance is a good deal. Congrats.

Parizade

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Re: 2019 fire cohort
« Reply #2018 on: March 09, 2019, 11:47:50 AM »
My early retirement is going to start early! I found out this week that I'm going to be let go (with 5 months severance) on March 15 - only 5 more working days. I had expected to be let go, but not until April. I'm quite excited!

So, put me down for a finish date of 3/15/19 - at age 47 (for some reason the list has me retiring at 41).

5 months severance is a good deal. Congrats.

I agree, what a nice surprise for you Half Stached!

chasesfish

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Re: 2019 fire cohort
« Reply #2019 on: March 09, 2019, 12:05:14 PM »
On version two of the resignation letter.  This gets real come Friday

Trifele

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Re: 2019 fire cohort
« Reply #2020 on: March 09, 2019, 01:16:42 PM »
My early retirement is going to start early! I found out this week that I'm going to be let go (with 5 months severance) on March 15 - only 5 more working days. I had expected to be let go, but not until April. I'm quite excited!

So, put me down for a finish date of 3/15/19 - at age 47 (for some reason the list has me retiring at 41).

Congratulations @Half Stached !  That is fantastic.  Got you fixed on the list above.^

I'm Fred

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Re: 2019 fire cohort
« Reply #2021 on: March 10, 2019, 03:02:21 PM »
Moving up from the 2023 group.  Targeting the Oct-Dec range of this year.

Lews Therin

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Re: 2019 fire cohort
« Reply #2022 on: March 10, 2019, 03:36:44 PM »
Huge change fred. How did it happen?

Trifele

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Re: 2019 fire cohort
« Reply #2023 on: March 10, 2019, 03:40:51 PM »
Moving up from the 2023 group.  Targeting the Oct-Dec range of this year.

Welcome aboard @i'm Fred!   Wow -- 4LY.  That might be some kind of record.  Got you added in the list above.

I got a PM from BlindSquirrel that s/he is now in TBD status.  Exact words were "I lack the nuts" -- ha ha. 

Parizade

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Re: 2019 fire cohort
« Reply #2024 on: March 10, 2019, 03:57:53 PM »
Welcome Fred, that's wonderful!

I'm Fred

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Re: 2019 fire cohort
« Reply #2025 on: March 10, 2019, 04:30:11 PM »
Maybe I should have been here all along, but I have FoBB - fear of being broke.  I have vivid memories of my parents talking about how to pay the property tax, the electric bill, the mortgage, etc.  Eating canned beans for 30 meals in a row (along with other stuff).  Oddly my brother and I took different paths.  I sought financial security with a federal government job where I would always get a pay check.  He went big $ with an MBA and high paying consulting jobs.  I think it worked out for both of us.  My current job is high stress and I've had enough of that.  It's about time to close the door and move on to something else.

I don't know if this is a real retirement as I plan to find another job for general entertainment/keep busy/learn new things while getting paid for it, etc.  I believe I could never work again and I'll be fine, but don't see that happening.  My preference would be to pursue a new interest that pays well.

Here's the SWAG financials:
-2.6m assets  mostly in index funds/401k etc/200k cash
house not included because you have to live someplace=value 400k net after sale - no mortgage
-4k/month pension upon retirement
-wife will continue to work 3-8 years because she wants to - 100k/y salary + lots of frequent flyer miles for vacation fun

I feel that I have a crazy amount of money and also that I don't have enough.  I'm not sure that if I had 40m that I would feel secure.

Trifele

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Re: 2019 fire cohort
« Reply #2026 on: March 10, 2019, 05:25:17 PM »
That's quite a story @i'm Fred.  How many years in/how old are you?  Will you be able to get that pension now?  Either way, sounds like you have more than enough.  It can be hard to pull the plug when it comes right down to it though. 

I'm Fred

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Re: 2019 fire cohort
« Reply #2027 on: March 10, 2019, 05:40:00 PM »
How many years in/how old are you?  Will you be able to get that pension now?


I'll be 51 at retirement and the pension with begin immediately.  I know I'll never live under a bridge unless I want to :), but still have concerns about future medical costs for the family, parents and inlaws.

dude

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Re: 2019 fire cohort
« Reply #2028 on: March 11, 2019, 07:45:20 AM »
How many years in/how old are you?  Will you be able to get that pension now?


I'll be 51 at retirement and the pension with begin immediately.  I know I'll never live under a bridge unless I want to :), but still have concerns about future medical costs for the family, parents and inlaws.

I'm curious, Fred, is that pension public or private? I'll begin collecting my public pension June 1. Currently down to 60 calendar days until my last day in the office, and 31 actual work days . . .

I'm Fred

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Re: 2019 fire cohort
« Reply #2029 on: March 11, 2019, 08:35:42 AM »
It's public: US Gov't.  I should probably add a countdown to my desktop, but I haven't picked an exact date yet.

Loren Ver

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Re: 2019 fire cohort
« Reply #2030 on: March 11, 2019, 09:04:48 AM »
My early retirement is going to start early! I found out this week that I'm going to be let go (with 5 months severance) on March 15 - only 5 more working days. I had expected to be let go, but not until April. I'm quite excited!

So, put me down for a finish date of 3/15/19 - at age 47 (for some reason the list has me retiring at 41).

Congratulations @Half Stached !  That is fantastic.  Got you fixed on the list above.^

Woo hoo!  That's great.  Congrats @Half Stached !!

@I'm Fred Welcome!  Glad you decided you have enough!!

« Last Edit: March 11, 2019, 09:07:21 AM by Loren Ver »

forward

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Re: 2019 fire cohort
« Reply #2031 on: March 11, 2019, 10:39:41 AM »
How many years in/how old are you?  Will you be able to get that pension now?


I'll be 51 at retirement and the pension with begin immediately.  I know I'll never live under a bridge unless I want to :), but still have concerns about future medical costs for the family, parents and inlaws.

I'm curious, Fred, is that pension public or private? I'll begin collecting my public pension June 1. Currently down to 60 calendar days until my last day in the office, and 31 actual work days . . .

Thats awesome Fred and dude.  I am actually pleasantly surprised at how many folks on this site have pensions.  Seems like a large number do regardless of the commonly held belief that they are all but extinct.

dude

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Re: 2019 fire cohort
« Reply #2032 on: March 11, 2019, 11:34:09 AM »
It's public: US Gov't.  I should probably add a countdown to my desktop, but I haven't picked an exact date yet.

Yep, same here -- but goddamn, dude, did you say $2.6mil in non-house assets?? Holy shit, that's insane? Is there another high earner in the household?  In @22 years our house has managed to cobble together north of $1.2million in investments/savings, which I thought was pretty damn good. But $2.6m? Wow!

P.S. -- I have a countdown app on my phone!

Edited to add:  Subsequently read your original post, which answered a few of my questions! I'd still be interested to know what your path was to $2.6mil -- i.e., asset allocation and such? Were you maxing TSP from the get-go? How many years have you been a fed employee?  Just super curious! I know I've left some money on the table by going conservative in my AA the past few years (no regrets), so I'm thinking maybe you were just guns blazing 100% equities from start to finish?
« Last Edit: March 11, 2019, 11:39:30 AM by dude »

Livingthedream55

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Re: 2019 fire cohort
« Reply #2033 on: March 11, 2019, 11:54:02 AM »
I will have a pension (state government) which provides for all my essential expenses which I will draw on right away.

My personal savings in an IRA (and a modest amount of Social Security in a few years) provides for extras (wants, not needs).

I'm Fred

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Re: 2019 fire cohort
« Reply #2034 on: March 11, 2019, 04:00:14 PM »
what your path was to $2.6mil -- i.e., asset allocation and such? Were you maxing TSP from the get-go? How many years have you been a fed employee?

I've been there 26 1/2 years.  If I recall correctly we couldn't sign up for TSP for the first 6 months or so, but can't remember why.  Probably just the man trying to keep me down ;).  It's been 100% in the C fund (S&P 500) from the start.  I figured the pension was the safe part, so the TSP could be more risky.  I was mostly maxed out, but I wasn't always on top of upping the amount as the limits increased.  Back in the 90s you could only do 10% of your salary.  I started at 27k salary, so it was slow going for awhile.  My wife is about 30% higher than me in investments.  She had more aggressive options available and is clobbering me even though she started her 401k two years after I did.  Our salaries have been pretty similar through the years. 

Although I don't talk about money at work some people do and it surprises me how many with similar or more years working with the same or higher salary have less in their Thrift.  It seems that for most it was from moving to the G fund (bonds) when the market was shaky and not getting back in soon enough.  For 10 years I couldn't even remember how to access my account, so I wasn't moving anything. 

chasesfish

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Re: 2019 fire cohort
« Reply #2035 on: March 12, 2019, 05:33:39 AM »
@I'm Fred - FoBB.   Yeah, I can relate to that.  Impressive what you've built, especially with utilizing the C fund

Trifele

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Re: 2019 fire cohort
« Reply #2036 on: March 12, 2019, 06:39:36 AM »
I will have a pension (state government) which provides for all my essential expenses which I will draw on right away.

My personal savings in an IRA (and a modest amount of Social Security in a few years) provides for extras (wants, not needs).

That is a sweet situation @Livingthedream55 .  My MIL also retired with a generous state pension a few years ago.  I have a friend who will be retiring soon with a county pension, also quite generous. 

I've read that some counties and states have had to trim back their benefits in order to keep the pension funds solvent.  I suppose it all depends on how well the fund was managed over the years.   

Livingthedream55

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Re: 2019 fire cohort
« Reply #2037 on: March 12, 2019, 06:56:17 AM »
I will have a pension (state government) which provides for all my essential expenses which I will draw on right away.

My personal savings in an IRA (and a modest amount of Social Security in a few years) provides for extras (wants, not needs).

That is a sweet situation @Livingthedream55 .  My MIL also retired with a generous state pension a few years ago.  I have a friend who will be retiring soon with a county pension, also quite generous. 

I've read that some counties and states have had to trim back their benefits in order to keep the pension funds solvent.  I suppose it all depends on how well the fund was managed over the years.

@Trifele   Yes, very true. We have had benefits trimmed for younger workers. The state legislature keeps chipping away at it. As a retiree, I am also able to stay in the state employee group health insurance pool (paying only 25% of the monthly premium) until age 65. Without that, my retirement would not be possible.

dude

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Re: 2019 fire cohort
« Reply #2038 on: March 12, 2019, 07:06:57 AM »
what your path was to $2.6mil -- i.e., asset allocation and such? Were you maxing TSP from the get-go? How many years have you been a fed employee?

I've been there 26 1/2 years.  If I recall correctly we couldn't sign up for TSP for the first 6 months or so, but can't remember why.  Probably just the man trying to keep me down ;).  It's been 100% in the C fund (S&P 500) from the start.  I figured the pension was the safe part, so the TSP could be more risky.  I was mostly maxed out, but I wasn't always on top of upping the amount as the limits increased.  Back in the 90s you could only do 10% of your salary.  I started at 27k salary, so it was slow going for awhile.  My wife is about 30% higher than me in investments.  She had more aggressive options available and is clobbering me even though she started her 401k two years after I did.  Our salaries have been pretty similar through the years. 

Although I don't talk about money at work some people do and it surprises me how many with similar or more years working with the same or higher salary have less in their Thrift.  It seems that for most it was from moving to the G fund (bonds) when the market was shaky and not getting back in soon enough.  For 10 years I couldn't even remember how to access my account, so I wasn't moving anything.

Amazing, and totally makes sense! Yep, when I started you couldn't contribute to TSP until after your probationary year. And yep, we couldn't contribute the max, either. It was 10%, and then started going up to 11%, 12%, 13% . . . until they finally got their heads out of their asses and let us contribute the IRS max. I, too, was 100% C Fund early on, but about mid-career, I diversified into the other funds. I stayed aggressive until about 2010 or so, when I started ratcheting down from 90% equities, to 80%, to 70% and eventually to 60/40 about 4 years ago. Then a year ago, with retirement so close and market valuations so damn high, I decided to drop to 50/50 (I ratcheted back up to 55/45 after the near 20% drop last quarter). TSP sits at @$790k, and I have a Roth IRA and other savings and accounts that put me around $850k. I'm finishing out my high-3 as a maxed out GS-15 (also LEO, and 6 years prior military) so I'll be going out with 42% plus the SRS for the first 8 years of retirement. Like you, I've got a wife (younger by 7 years) who won't be retiring any time soon, who also makes $100k+. Barring world collapse, I should be sitting pretty in retirement (esp. after I start collecting SS).

For a guy who's been 100% equities for 26 years, I'm amazed that you've been so conservative re: pulling the plug on work with your pension and level of assets!
« Last Edit: March 12, 2019, 09:01:04 AM by dude »

dude

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Re: 2019 fire cohort
« Reply #2039 on: March 12, 2019, 07:13:27 AM »
I will have a pension (state government) which provides for all my essential expenses which I will draw on right away.

My personal savings in an IRA (and a modest amount of Social Security in a few years) provides for extras (wants, not needs).

That is a sweet situation @Livingthedream55 .  My MIL also retired with a generous state pension a few years ago.  I have a friend who will be retiring soon with a county pension, also quite generous. 

I've read that some counties and states have had to trim back their benefits in order to keep the pension funds solvent.  I suppose it all depends on how well the fund was managed over the years.

@Trifele   Yes, very true. We have had benefits trimmed for younger workers. The state legislature keeps chipping away at it. As a retiree, I am also able to stay in the state employee group health insurance pool (paying only 25% of the monthly premium) until age 65. Without that, my retirement would not be possible.

Ltd55 -- yep, same here. Fed employees pay roughly 25% of FEHB premiums as well. Small price to pay for a Cadillac plan. And fortunately, FERS is solvent as far out as the eye can see (past 2094, last I read). Which is why it pisses me off so much when fuckhead politicians talk about cutting back on FERS benefits -- fuck you, that shit was paid for year after year by both me and my agency for the 22+ years I worked here, and there's no point in my lifetime when it'll ever run out of money.

MaybeBabyMustache

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Re: 2019 fire cohort
« Reply #2040 on: March 12, 2019, 07:38:56 AM »
So, in a shocking good news/bad news turn of events, my manager took me aside yesterday to describe a pending re-org. The re-org would be terrible for me, which wasn't lost on her. In a good news scenario, I've had a helluva time walking away from a great team, and even better manager. The team would still be mine to manage. The manager.... yeah, no. That's over.

I've struggled so much with my deeply rooted feelings of "doing the right thing" and responsibility to my team,my peers, my managers, the business. This was a fantastic reminder to prioritize yourself, because the business will be appropriately always prioritizing for what they need.

Next steps: I plan to politely decline the role today, with my manager. I don't expect this to come as a surprise. I will offer up the option of transitioning through my sabbatical (mid-May) & then allowing the new management structure to come up with a better leadership structure that doesn't include me. I have soft verbal commitments that they would like to offer me something I do want (potentially part-time), should this not be a fit. I'll pursue that, maybe.

I've had such an emotional roller coaster on my own decision making for post sabbatical. The role I have now will be gone in a month or so, which is putting more pressure on me to finalize my post sabbatical decision. But, in many ways, I'm thrilled I don't have the old role clutch to rely on anymore.

I've worked a lot on staying calm during difficult conversations, & was able to deploy that, not once, but twice yesterday. :-)

Parizade

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Re: 2019 fire cohort
« Reply #2041 on: March 12, 2019, 10:35:23 AM »
I've worked a lot on staying calm during difficult conversations, & was able to deploy that, not once, but twice yesterday. :-)

Well done MaybeBabyMustache, that is a very important skill to master.

And congratulations on getting the nudge you needed to leave the nest. I hope it works out perfectly for you.

Trifele

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Re: 2019 fire cohort
« Reply #2042 on: March 12, 2019, 10:52:02 AM »
+1^.  Hang in there, @MaybeBabyMustache.   Sounds like you will handle the roller coaster ride just fine, but we're here for you too. 


Loren Ver

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Re: 2019 fire cohort
« Reply #2043 on: March 12, 2019, 11:08:34 AM »
So, in a shocking good news/bad news turn of events, my manager took me aside yesterday to describe a pending re-org. The re-org would be terrible for me, which wasn't lost on her. In a good news scenario, I've had a helluva time walking away from a great team, and even better manager. The team would still be mine to manage. The manager.... yeah, no. That's over.

...snip...

I've worked a lot on staying calm during difficult conversations, & was able to deploy that, not once, but twice yesterday. :-)

You put yourself in a good position, and it looks like it was a really good move on your part!

You got this!

LV

Eric

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Re: 2019 fire cohort
« Reply #2044 on: March 12, 2019, 11:56:24 AM »
I got a PM from BlindSquirrel that s/he is now in TBD status.  Exact words were "I lack the nuts" -- ha ha.

While I don't really want to laugh at someone's situation that would cause them to delay retirement, this is utterly hilarious!


Side note - next time you update the list Trifele, you can add my age.  I'm 42 and proud of it!  :)

Trifele

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Re: 2019 fire cohort
« Reply #2045 on: March 12, 2019, 12:21:46 PM »
I got a PM from BlindSquirrel that s/he is now in TBD status.  Exact words were "I lack the nuts" -- ha ha.

While I don't really want to laugh at someone's situation that would cause them to delay retirement, this is utterly hilarious!


I know . . . I laughed out loud!  [ETA: @Blindsquirrel knows we're not laughing about his or her situation-- just the joke.  We hope all is well and you can rejoin us soon BlindSquirrel!]   

Got your age added Eric.  And yes you should be proud!  Well done.
« Last Edit: March 12, 2019, 12:29:55 PM by Trifele »

JoJo

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Re: 2019 fire cohort
« Reply #2046 on: March 12, 2019, 06:55:12 PM »
I'm 4/1 but won't be that day, bonus isn't coming until 3/31 and didn't want to risk it.  I'm only working part time, tempted to keep this gig as long as I can take my long vacations and have health insurance mostly paid for.

gerardc

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Re: 2019 fire cohort
« Reply #2047 on: March 12, 2019, 10:24:40 PM »
That doesnít 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 wonít post FIRE. Time will tell.

I suspect people like traveling because traveling is correlated with not working, and they can't tell the difference, i.e. they actually enjoy the not working part rather than the traveling part. With the caveat that traveling keeps you busy/active. Then when you FIRE the urge to escape [work] with travel evaporates.

gerardc

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Re: 2019 fire cohort
« Reply #2048 on: March 12, 2019, 10:42:21 PM »
Congrats everyone! All this rapid-FIRE is pretty motivating to read.

I re-read livingafi quit series linked above... I think more and more I don't want a sabbatical, part-time, remote options... just quitting, which I can. I'd do the 6 month leave for practical purposes but would only come back if there is a major crash in the meantime.

I also came back from 2 weeks vacation and feel pretty great. Can't wait! and can't believe this is real

Loren Ver

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Re: 2019 fire cohort
« Reply #2049 on: March 13, 2019, 05:01:57 AM »
Ohhh I love rapid-FIRE @gerardc.  My mental image of what is going on has now very much shifted.

I am retiring at the same time as someone is being made redundant. My leaving is a celebration, his is far more bitter.  He is just shy of 30 years with the company, but I think they will nudge him over the edge since he is so close.  Talking to him, he doesn't think he is financially ready to go, but he also knows that he is too experienced and too specialized that no one near here will hire him.    He recently got remarried and how has kids in grade school again. 

I just learned that his pension is more than my stashe, but I am also not putting 3 kids through college with 2 more at home. 

Thinking on this, my DH and I accumulated a pile about equal to his pension in ~13 years compared to his ~30 years.  Neither way is a bad way to go, but putting in 30 years seems like a really long time to me.

LV