Author Topic: 2019 fire cohort  (Read 177964 times)

itchyfeet

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Re: 2019 fire cohort
« Reply #450 on: December 06, 2017, 11:58:58 AM »
Absolutely no idea what I will fill my days with post FIRE.
Now that is worrying.  In my experience retired people tend to divide into those who get bored and those who can't imagine how they ever found time to go to work.  I fully expect to be in the latter camp as work really gets in the way of all the other things I want to be doing.

Yes I am a little worried.

If I donít like being FIRE Iíll get another job. But, at least Iíll have a nice long break of at least 6 months first. If I like been FIRE then great, if not weíll nobody is forcing me to be retired in my mid 40s.

I do have quite a few vague ideas of how Iíll spend my time, but with work being so all consuming I just need some time post FIRE to organise myself.

Awesome to have the option to experiment with a few things..... including experimenting with not working.


Trifele

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Re: 2019 fire cohort
« Reply #451 on: December 06, 2017, 04:18:33 PM »
Absolutely no idea what I will fill my days with post FIRE.
Now that is worrying.  In my experience retired people tend to divide into those who get bored and those who can't imagine how they ever found time to go to work.  I fully expect to be in the latter camp as work really gets in the way of all the other things I want to be doing.

Oh my god am I in Camp #2 . . . I dream all the time of having the time to do the things I love.  With that said, I do worry about two things with FIRE. I worry that I will struggle psychologically with not having money coming in -- with becoming a spender rather than a saver. And I worry (a little) that I will regret in some small way leaving my job.   This will maybe sound weird, but I am really, really good at what I do, and I wonder if I will feel sad to walk away from that chapter in my life? I get lots of recognition at work for the things I do well.  For the things I will do after FIRE -- no one will know or give a rat's ass.  :)  Not sure how much I depend on that recognition psychologically.   Probably the awesome feeling of FIRE freedom will totally overwhelm any regrets, but that's my small worry right now.


MoneyStacher

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Re: 2019 fire cohort
« Reply #452 on: December 06, 2017, 05:19:28 PM »
Put me down for Jan 2019 when my current contracting gig ends. 50, Single, no kids, no lady. 450 taxable, 465 401(k), 140 Roth = 1,055,000. Sure, I could FIRE now, but I'm scared of the market highs and losing the firehose of cash -- aaaaand I'm work from home so this gig is just too good to quit. But, what if they offer me FT? Ugh, could end up OMYing. Still put me down but may chicken out.

Linda_Norway

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Re: 2019 fire cohort
« Reply #453 on: December 07, 2017, 05:35:39 AM »

Oh my god am I in Camp #2 . . . I dream all the time of having the time to do the things I love.  With that said, I do worry about two things with FIRE. I worry that I will struggle psychologically with not having money coming in -- with becoming a spender rather than a saver. <...>

DH thinks that we can retire when we have saved up enough for normal living with a bit of margin. One option if you want to travel and spend more money, is to work for it. There would be no problem putting some hours in a consulting gig to save for an expensive journey.

I can also assure you that when my MIL retired at 50, she became very much a big saver. For many years I didn't understand it. Why would a fairly rich person behave like it is the greatest achievement to find a good bargain in a market place? But now I understand it very well.

PhilB

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Re: 2019 fire cohort
« Reply #454 on: December 13, 2017, 10:20:00 AM »
I just found an error in one of my spreadsheets :0(
With the way markets have been going lately, I have cut back on my pension contributions and I've been accumulating cash - the logic being that if the recent gains are 'real' then I've already stuffed enough in my pension, if they are illusory and a big crash is coming then I'll buy stocks when they crash.  I know this reeks of 'market timing', but I feel it's more of a permissible insurance policy in my case.
As my cash reserves have been building, I've had fun tracking my 'cashflow gap' - I have endowment policies maturing in 2019 which will see us through until we can access the pensions, so I've been tracking how many months worth of cash we have vs the gap to when those mature and getting excited as I slowly approached the point when we could, if we wished, hand in our 3 months notice and have enough cashflow to see us through.  This morning I realised that one of the policies actually matures 66 days earlier than I thought it did.  That means that our 'we could hand in our notice day' was actually two weeks ago and we missed it.  Bummer.

itchyfeet

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Re: 2019 fire cohort
« Reply #455 on: December 13, 2017, 11:08:52 AM »
I just found an error in one of my spreadsheets :0(
With the way markets have been going lately, I have cut back on my pension contributions and I've been accumulating cash - the logic being that if the recent gains are 'real' then I've already stuffed enough in my pension, if they are illusory and a big crash is coming then I'll buy stocks when they crash.  I know this reeks of 'market timing', but I feel it's more of a permissible insurance policy in my case.
As my cash reserves have been building, I've had fun tracking my 'cashflow gap' - I have endowment policies maturing in 2019 which will see us through until we can access the pensions, so I've been tracking how many months worth of cash we have vs the gap to when those mature and getting excited as I slowly approached the point when we could, if we wished, hand in our 3 months notice and have enough cashflow to see us through.  This morning I realised that one of the policies actually matures 66 days earlier than I thought it did.  That means that our 'we could hand in our notice day' was actually two weeks ago and we missed it.  Bummer.

Hah. Not the worst problem to have.

TartanTallulah

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Re: 2019 fire cohort
« Reply #456 on: December 13, 2017, 01:31:40 PM »
I just found an error in one of my spreadsheets :0(
With the way markets have been going lately, I have cut back on my pension contributions and I've been accumulating cash - the logic being that if the recent gains are 'real' then I've already stuffed enough in my pension, if they are illusory and a big crash is coming then I'll buy stocks when they crash.  I know this reeks of 'market timing', but I feel it's more of a permissible insurance policy in my case.
As my cash reserves have been building, I've had fun tracking my 'cashflow gap' - I have endowment policies maturing in 2019 which will see us through until we can access the pensions, so I've been tracking how many months worth of cash we have vs the gap to when those mature and getting excited as I slowly approached the point when we could, if we wished, hand in our 3 months notice and have enough cashflow to see us through.  This morning I realised that one of the policies actually matures 66 days earlier than I thought it did.  That means that our 'we could hand in our notice day' was actually two weeks ago and we missed it.  Bummer.

Humblebragger ;-)

Are you going to spend the pay for the extra days you didn't know you didn't need to work on something frivolous and fun?

PhilB

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Re: 2019 fire cohort
« Reply #457 on: December 13, 2017, 02:49:21 PM »

Are you going to spend the pay for the extra days you didn't know you didn't need to work on something frivolous and fun?
Do you have any idea how hard I find spending money on something frivolous nowadays?  I'm still good at having fun, but spending money on fun I now find a real challenge.  I'm still trying to stick to the June 2019 plan and all that extra cash will be a hedge against market disaster and probably end up paying off the kids mortgages in about 15 years time.  I'm just miffed at missing a meaningless milestone I'd been looking forward to.

Cornbread OMalley

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Re: 2019 fire cohort
« Reply #458 on: December 13, 2017, 08:38:37 PM »
Absolutely no idea what I will fill my days with post FIRE.
I spent 30 days of vacation this past summer and found myself content with surfing the net and lounging around.  However, I knew that I needed something with more substance when I FIRE and found an article that talked about using vacation days to do a retirement rehearsal.  After reading the article I started experimenting with new activities around the community where I live.  A lot of the experiments are volunteering in different things.  I'm hoping that poking around for a new emergent strategy will land me something I really will enjoy doing in my retirement.

https://moneyqanda.com/retirement-rehearsal/

markbike528CBX

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Re: 2019 fire cohort
« Reply #459 on: December 15, 2017, 01:01:22 PM »
 
Most Righteous Alias Age at FIRE Target DateDate Confirmed

zinnie35Feb-19
MissNancyPryor50Mar-19
Roboturner30Mar-19
TartanTallulah55Mar-19moved to 2018
HalfStached41Apr-1-19
Luck1241Apr-19
albireo1361May-1-19
Livingthedream5559May-19
cerat0n1aMay-19summer 2018 planned
dude54May-19
SamIAm3829May-19
oldtoyotaJun-19
Itchyfeet47Jun-19
PhilB53Jun-19
Bateaux50Jun-19
CryingInThePool44Jun-19
powersuitrecall47Jul-19
Enigma39Jul-19
Thedividebyzero45Jul-19
Trifele52Aug-19
Cornbread OMalley42Aug-19
RetirementDreamingSep-19
Spreadsheet ManSep-27-19
VoteCthulu39Oct-19
trix7643Oct-19
MoMan55Oct-19
markbike528CBX55Dec-19 OLY 5-2018 but checking in as OP
HBFI38Dec-19
luckyme1345Dec-19
moxieDec-27-19
ParizadeTBD
madamwitty36TBD
Lowerbills40TBD
Chrissy42TBD
GerardTBD
getoutsoon52TBD
ysette938late-19TBD
elaine amj40TBD
IplawyerTBD
ChairmanTBD-SemiFire 2018
2Birds1StoneTBD
FIRE 20/20TBD

markbike528CBX

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Re: 2019 fire cohort
« Reply #460 on: December 15, 2017, 01:03:58 PM »
Thanks to Trifele for pointing out new people to add to the list!

Half Stached

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Re: 2019 fire cohort
« Reply #461 on: December 31, 2017, 10:52:04 AM »
Happy New Year! Time for a quarterly (and annual update):

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

Interesting things I noticed reviewing the year:

 * We hit a 76% annual savings rate! This was due to a larger than usual annual bonus as well as buying the condo which traded rent for HOA dues + property taxes (we paid cash, so no mortgage). Buying will save us about 13K/year (and eliminate the rent increases - they've been about 10%/year around here). Last year we were at a 71% savings rate; I estimate next year at 74%.
 * We lowered our food spend by about 9%. As this is one of our spendier categories, I was happy to see us be able to make a dent here.
 * Medical was high: about 63% more out of pocket than estimated. This was partially due to my DW's cracked tooth, but even without that we were over my estimate. This surprised me as I felt that we were generally healthy this year. It is something that I need to keep a closer eye on to understand better.
 * Our investments were strong this year. Including the condo purchase as an investment that yielded 0%, we 'only' made 13.3%. On the other hand, our largest investment outside of the condo made 28.75%! (This is my 401k. Given our options, I can't get a total market index.) Another way to look at it, our investments paid us almost 172K! Last year, our investments paid us 72K.

FIRE 20/20

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Re: 2019 fire cohort
« Reply #462 on: December 31, 2017, 11:40:52 AM »
markbike528CBX, you can put me down for an age of 42 and a planned date of May 2019. 

MoMan

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Re: 2019 fire cohort
« Reply #463 on: January 01, 2018, 12:14:11 AM »
Next year, baby!!


Itís official: I (we) retire next year. Yeah, I still have 1.75 years to go but itís still super exciting to say that.

Trifele

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Re: 2019 fire cohort
« Reply #464 on: January 01, 2018, 03:58:48 AM »
YEAH!!  This is our last full year of work!

edgema

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Re: 2019 fire cohort
« Reply #465 on: January 05, 2018, 05:13:30 AM »
Hello. After personal reflection and family deliberation over our holiday, can I please plant my flag to FIRE in March 2019. Stupidly I have agonised over being in the 2018 cohort as on many metrics we are comfortably past FIRE and fear OMY syndrome extending year after year.

However, I am a conservative person with two young kids and work in a career which is high paying but likely a one way door when I leave (particularly if I tried to return after a few years of optically being 'unemployed'). All this points to a bigger buffer both arithmetically and emotionally.

Also, I have luckily built up restricted stock in the company I work for so have very clear visibility on what it means to stick around another 15 months and because this should increase the stash by 20-25%, it feels like the cost-benefit points to keeping my head down as I am 'only' 41.

Don't say it too loudly but I also have some potentially un-Mustachian and expensive post FIRE dreams, like taking the family sailing for 18 months......

itchyfeet

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Re: 2019 fire cohort
« Reply #466 on: January 05, 2018, 05:33:38 AM »
Hello. After personal reflection and family deliberation over our holiday, can I please plant my flag to FIRE in March 2019. Stupidly I have agonised over being in the 2018 cohort as on many metrics we are comfortably past FIRE and fear OMY syndrome extending year after year.

However, I am a conservative person with two young kids and work in a career which is high paying but likely a one way door when I leave (particularly if I tried to return after a few years of optically being 'unemployed'). All this points to a bigger buffer both arithmetically and emotionally.

Also, I have luckily built up restricted stock in the company I work for so have very clear visibility on what it means to stick around another 15 months and because this should increase the stash by 20-25%, it feels like the cost-benefit points to keeping my head down as I am 'only' 41.

Don't say it too loudly but I also have some potentially un-Mustachian and expensive post FIRE dreams, like taking the family sailing for 18 months......

I am 100% with you on seeing out OMY when you are Ďonlyí 41. So many years ahead of you to live out your dreams, and an extra 20% in the stash will give you more options and less stress down the road.

edgema

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Re: 2019 fire cohort
« Reply #467 on: January 05, 2018, 06:29:42 AM »
Thanks itchyfeet. Although I have written a letter to my future self open this time next year to avoid OMY perpetuity!

I don't think I will need it though as I am feeling very confident in that date and for a number of career/pay reasons it is a good moment to step out of my job. Essentially my total pay falls by some 30% annually from then on.

Maybe it is the two weeks of holiday I have just had, but 15 months doesn't feel long and my job is not crazy hours or too stressful.

Splitting the time into manageable mental chunks (next holiday in 8 weeks) and putting a few goals in place (fitness/endurance events with friends) to make use of the time rather than watch the clock as 450 days can go very slowly if you do.

PhilB

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Re: 2019 fire cohort
« Reply #468 on: January 05, 2018, 06:42:53 AM »
I've decided to bring my 'official' date forward 5 months to end of Jan 19 as June 19 was feeling too far away.  I'm still struggling with the desire to go even earlier and may yet defect to the 2018 thread, but there aren't may of us left!

itchyfeet

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Re: 2019 fire cohort
« Reply #469 on: January 05, 2018, 08:02:18 AM »
I've decided to bring my 'official' date forward 5 months to end of Jan 19 as June 19 was feeling too far away.  I'm still struggling with the desire to go even earlier and may yet defect to the 2018 thread, but there aren't may of us left!

I also see June 2019 as an out marker. June 2018 seems a bit soon. So somewhere in between.

Livingthedream55

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Re: 2019 fire cohort
« Reply #470 on: January 08, 2018, 11:55:23 AM »
YEAH!!  This is our last full year of work!

This is such a great way to look at this!

Linda_Norway

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Re: 2019 fire cohort
« Reply #471 on: January 09, 2018, 04:41:43 AM »
YEAH!!  This is our last full year of work!

This is such a great way to look at this!

Even though I think we will first reach FIRE in 2020, I think we also have 2018 as our last year of fulltime work. I hope we will be able to afford to take many more weeks off than in normal years in 2019. Or work only 4 days a week or so.

Trifele

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Re: 2019 fire cohort
« Reply #472 on: January 11, 2018, 04:24:24 AM »
Most Righteous Alias Age at FIRE Target DateDate Confirmed

zinnie35Feb-19
MissNancyPryor50Mar-19
Roboturner30Mar-19
TartanTallulah55Mar-19moved to 2018
HalfStached41Apr-1-19
Luck1241Apr-19
albireo1361May-1-19
Livingthedream5559May-19
cerat0n1aMay-19summer 2018 planned
dude54May-19
SamIAm3829May-19
oldtoyotaJun-19
Itchyfeet47Jun-19
PhilB53Jun-19
Bateaux50Jun-19
CryingInThePool44Jun-19
powersuitrecall47Jul-19
Enigma39Jul-19
Thedividebyzero45Jul-19
Trifele52Aug-19
Cornbread OMalley42Aug-19
RetirementDreamingSep-19
Spreadsheet ManSep-27-19
VoteCthulu39Oct-19
trix7643Oct-19
MoMan55Oct-19
markbike528CBX55Dec-19 OLY 5-2018 but checking in as OP
HBFI38Dec-19
luckyme1345Dec-19
moxieDec-27-19
ParizadeTBD
madamwitty36TBD
Lowerbills40TBD
Chrissy42TBD
GerardTBD
getoutsoon52TBD
ysette938late-19TBD
elaine amj40TBD
IplawyerTBD
ChairmanTBD-SemiFire 2018
2Birds1StoneTBD
FIRE 20/20TBD

We have a couple new people and a couple of changes . . . Does anyone know how to update a table?  I just spent half an hour trying, and managed to totally scramble it.  The updates are:  PhilB moved to 1/19, MoneyStacher added to 1/19, Edgema added to 3/19, and Fire 20/20 moved to 5/19.  I think Cerat0nia and TartanTallulah have officially bailed for the 2018 class (congrats to them!) so we can remove them.  I think Mark wants to stay on as OP.  :)

Thanks to whoever can help! 

markbike528CBX

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Re: 2019 fire cohort
« Reply #473 on: January 11, 2018, 09:16:27 PM »
Most Righteous Alias Age@fire Target DateOLY/OMY notes and eventually Date Confirmed
MoneyStacher51Jan-19
PhilB53Jan-19
zinnie35Feb-19
MissNancyPryor50Mar-19
Roboturner30Mar-19
TartanTallulah55Mar-19moved to 2018
EdgemaMar-19
HalfStached41Apr-1-19
Luck1241Apr-19
albireo1361May-1-19
Livingthedream5559May-19
cerat0n1aMay-19summer 2018 planned
dude54May-19
SamIAm3829May-19
FIRE 20/20May-19
oldtoyotaJun-19
Itchyfeet47Jun-19
Bateaux50Jun-19
CryingInThePool44Jun-19
powersuitrecall47Jul-19
Enigma39Jul-19
Thedividebyzero45Jul-19
Trifele52Aug-19
Cornbread OMalley42Aug-19
RetirementDreamingSep-19
Spreadsheet ManSep-27-19
VoteCthulu39Oct-19
trix7643Oct-19
MoMan55Oct-19
markbike528CBX55Dec-19 OLY 5-2018 at 53.5 but checking in as OP
HBFI38Dec-19
luckyme1345Dec-19
moxieDec-27-19
ParizadeTBD
madamwitty36TBD
Lowerbills40TBD
Chrissy42TBD
GerardTBD
getoutsoon52TBD
ysette938late-19TBD
elaine amj40TBD
IplawyerTBD
ChairmanTBD-SemiFire 2018
2Birds1StoneTBD

Trifele

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Re: 2019 fire cohort
« Reply #474 on: January 12, 2018, 03:41:15 AM »
Thanks, Mark!  And thanks for the tips on tables you sent in your PM.  :)

Just noticed that the class of '18 is huge!  Probably quite a few folks have been able to FIRE this year because of the crazy market returns?  Big party going on on that thread, if you haven't checked it out.  Quite inspiring to see them FIREing one by one! 

https://forum.mrmoneymustache.com/welcome-to-the-forum/2018-fire-cohort/

itchyfeet

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Re: 2019 fire cohort
« Reply #475 on: January 12, 2018, 04:08:59 AM »
Yes, we are by comparison a small but select group. Quality not quantity :-)


PhilB

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Re: 2019 fire cohort
« Reply #476 on: January 12, 2018, 04:20:51 AM »
I'm fighting the temptation to defect to FY18 too.  I just did my weekly check on my pension investments and I'm now within £6k of my budgeted number for Jun 2019.  DW is still £20k under, but cash position is £15k over Jun 19 projections.  My thoughts are changing daily and it's frankly doing my head in.
My latest thought is that, as we have major change and upheaval at work planned for this autumn, I may just retire immediately before it happens, but offer to do a little part time consulting so as to help them with the process without having to deal with the stress and crazy hours.  I'd always pictured retiring in spring / summer to enjoy the good weather though.  More importantly, if I do that which cohort should I be in? Decisions, decisions...

edgema

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Re: 2019 fire cohort
« Reply #477 on: January 12, 2018, 05:16:33 AM »
Hi PhilB,

I understand the temptation and in me it has caused me to question whether I will be an always OMY person as I am not going to let the temptation bring me into 2018. Without necessarily thinking a crash is coming it is completely rational to believe that the out-sized returns equity markets have seen means that future returns, all else equal, will not be as good for the next 5 years. Just like the MMM 'theory' would be to look through downside in markets and trust the 4% rule (oversimplification I know) once you are FIREd, the same could be said of looking through 'super' returns which are well above historical averages before you are FIREd. It just isn't the same to have your FIRE number hit with a high P/E stock market than a low one. 

It is not overly pessimistic in my view, but rational, to say that with markets going up like a rocket and 'bringing forward' future year returns, means that you want a bigger buffer.

Stay on target.... Stay on target..... STAY ON TARGET.... ARGGGH. (Star Wars reference - No being aggressive

markbike528CBX

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Re: 2019 fire cohort
« Reply #478 on: January 12, 2018, 05:38:12 AM »
...snip.....  I'd always pictured retiring in spring / summer to enjoy the good weather though.  ...snip...

As I was sitting on my patio, looking at my pool and backyard, I suddenly had the epiphany "this is my last summer working" .    I really just wanted to have a summer sabbatical, but that morphed into FIRE.

It helped that I was reading "The Power of Now".   The book states that if you don't like your current situation, then either change it or accept it fully for now ( paraphrased).

PhilB

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Re: 2019 fire cohort
« Reply #479 on: January 12, 2018, 08:16:50 AM »
Hi PhilB,

I understand the temptation and in me it has caused me to question whether I will be an always OMY person as I am not going to let the temptation bring me into 2018. Without necessarily thinking a crash is coming it is completely rational to believe that the out-sized returns equity markets have seen means that future returns, all else equal, will not be as good for the next 5 years. Just like the MMM 'theory' would be to look through downside in markets and trust the 4% rule (oversimplification I know) once you are FIREd, the same could be said of looking through 'super' returns which are well above historical averages before you are FIREd. It just isn't the same to have your FIRE number hit with a high P/E stock market than a low one. 

It is not overly pessimistic in my view, but rational, to say that with markets going up like a rocket and 'bringing forward' future year returns, means that you want a bigger buffer.

Stay on target.... Stay on target..... STAY ON TARGET.... ARGGGH. (Star Wars reference - No being aggressive
Love it!
I'm very confident I won't get stuck in OMY - my problem is that I built 3 lots of OMY into my plan to begin with and now I'm halfway through those I'm really thinking 'These are not the extra months you are looking for...'

Trifele

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Re: 2019 fire cohort
« Reply #480 on: January 12, 2018, 08:27:47 AM »

Stay on target.... Stay on target..... STAY ON TARGET.... ARGGGH. (Star Wars reference - No being aggressive

Yeah, but didn't that guy get blown up?  ;)   (Yes, I am a huge Star Wars nerd)

Bateaux

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Re: 2019 fire cohort
« Reply #481 on: January 12, 2018, 08:32:28 AM »
Hi PhilB,

I understand the temptation and in me it has caused me to question whether I will be an always OMY person as I am not going to let the temptation bring me into 2018. Without necessarily thinking a crash is coming it is completely rational to believe that the out-sized returns equity markets have seen means that future returns, all else equal, will not be as good for the next 5 years. Just like the MMM 'theory' would be to look through downside in markets and trust the 4% rule (oversimplification I know) once you are FIREd, the same could be said of looking through 'super' returns which are well above historical averages before you are FIREd. It just isn't the same to have your FIRE number hit with a high P/E stock market than a low one. 

It is not overly pessimistic in my view, but rational, to say that with markets going up like a rocket and 'bringing forward' future year returns, means that you want a bigger buffer.

Stay on target.... Stay on target..... STAY ON TARGET.... ARGGGH. (Star Wars reference - No being aggressive
Love it!
I'm very confident I won't get stuck in OMY - my problem is that I built 3 lots of OMY into my plan to begin with and now I'm halfway through those I'm really thinking 'These are not the extra months you are looking for...'

We're so close to our minimum FIRE number (2M invested, we're only 80k away) unless the crash comes soon we'll overshoot. OMY is so tempting when you're making this much money and have good benefits from working.  I'm not going to make any changes till at least my June 2019 projected date regardless of how much the stash grows from here.  August 2020 is a second possible date because a few benefits will be available at work if I last till then.  Really want to be finished at 50 and that's where 2019 takes me.  Good luck to you all.

VoteCthulu

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Re: 2019 fire cohort
« Reply #482 on: January 12, 2018, 12:08:06 PM »
I've made my 401k number thanks to the market run-up, but I'm still short on my taxable accounts.  I could just pay the extra 10% penalty until my roth pipeline gets going, but I don't mind over shooting my target a bit.

I don't feel bad sticking to my original plan, or only shortening it 6-9 months. I think if I had planned to FIRE this year I wouldn't be waiting until next year, though.

Bateaux

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Re: 2019 fire cohort
« Reply #483 on: January 12, 2018, 01:14:44 PM »
My taxables are a little shy as well.  I want to have a few years expenses in taxable before FIRE.   I'm overweight into retirement accounts.

Trifele

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Re: 2019 fire cohort
« Reply #484 on: January 12, 2018, 04:46:01 PM »
+3.  I'm too light on the taxable accounts as well.  I'm hoping to top those up in the next year and a half. 

Parizade

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Re: 2019 fire cohort
« Reply #485 on: January 14, 2018, 11:49:01 AM »
Hi Markbike, you can put me down as age 62 at FIREing on 6/21/2019

Parizade

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Re: 2019 fire cohort
« Reply #486 on: January 14, 2018, 06:04:51 PM »
Most Righteous Alias Age at FIRE Target DateDate Confirmed

zinnie35Feb-19
MissNancyPryor50Mar-19
Roboturner30Mar-19
TartanTallulah55Mar-19moved to 2018
HalfStached41Apr-1-19
Luck1241Apr-19
albireo1361May-1-19
Livingthedream5559May-19
cerat0n1aMay-19summer 2018 planned
dude54May-19
SamIAm3829May-19
oldtoyotaJun-19
Itchyfeet47Jun-19
PhilB53Jun-19
Bateaux50Jun-19
CryingInThePool44Jun-19
powersuitrecall47Jul-19
Enigma39Jul-19
Thedividebyzero45Jul-19
Trifele52Aug-19
Cornbread OMalley42Aug-19
RetirementDreamingSep-19
Spreadsheet ManSep-27-19
VoteCthulu39Oct-19
trix7643Oct-19
MoMan55Oct-19
markbike528CBX55Dec-19 OLY 5-2018 but checking in as OP
HBFI38Dec-19
luckyme1345Dec-19
moxieDec-27-19
Parizade62Jun-21-19
madamwitty36TBD
Lowerbills40TBD
Chrissy42TBD
GerardTBD
getoutsoon52TBD
ysette938late-19TBD
elaine amj40TBD
IplawyerTBD
ChairmanTBD-SemiFire 2018
2Birds1StoneTBD
FIRE 20/20TBD
added my stats

Parizade

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Re: 2019 fire cohort
« Reply #487 on: January 14, 2018, 06:33:52 PM »
Next year, baby!!


Itís official: I (we) retire next year. Yeah, I still have 1.75 years to go but itís still super exciting to say that.

This really put the "happy" in my new year too

Odiedog859

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Re: 2019 fire cohort
« Reply #488 on: January 14, 2018, 06:43:41 PM »
No a big poster but read this forum everyday.

Current plan is retire in 5/31/19 at 62.  Could go now but like my work and we are discussing going to reduced hours for the last year.

itchyfeet

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Re: 2019 fire cohort
« Reply #489 on: January 14, 2018, 08:36:41 PM »
At a work function last night I quietly told one of my trusted colleagues that there was a good chance I would not be around this time next year. The cat is out of the bag.... Maybe he will keep it to himself, but offices need gossip to run.

oldtoyota

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Re: 2019 fire cohort
« Reply #490 on: January 15, 2018, 08:59:18 PM »
At a work function last night I quietly told one of my trusted colleagues that there was a good chance I would not be around this time next year. The cat is out of the bag.... Maybe he will keep it to himself, but offices need gossip to run.

This gave me a chuckle.

oldtoyota

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Re: 2019 fire cohort
« Reply #491 on: January 15, 2018, 09:02:30 PM »
My taxables are a little shy as well.  I want to have a few years expenses in taxable before FIRE.   I'm overweight into retirement accounts.

Yep. Our taxables are less than I would like, too. We have a good situation in that our income won't go straight to O, so it may not matter. I'll have to create some revised scenarios to take some changes into consideration.

It just hit me a few moments ago: 2019 is NEXT year. When I first joined this board, 2019 seemed so very far away.

So 18 more months if I stick to the original plan. And I like the work I'm doing through my business and can do it when and if I want, so maybe I'll keep on with it.




dude

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Re: 2019 fire cohort
« Reply #492 on: January 17, 2018, 12:58:34 PM »
My taxables are a little shy as well.  I want to have a few years expenses in taxable before FIRE.   I'm overweight into retirement accounts.

It just hit me a few moments ago: 2019 is NEXT year. When I first joined this board, 2019 seemed so very far away.


Yep, after the stroke of midnight on New Year's Eve, I said it out loud to my spouse, "I'm retiring NEXT YEAR."  Crazy. I know in the blink of an eye it will be May 7th, and I'll be able to say, "I've got less than a year until retirement." It sounds so bizarre when I say it that way. Like, the imminence is kind of scary! I know I'll have a thousand things to do, it's just that I'm realizing the time I have to get some ducks in a row prior to that date is dwindling fast!

Trifele

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Re: 2019 fire cohort
« Reply #493 on: January 17, 2018, 01:08:02 PM »
My taxables are a little shy as well.  I want to have a few years expenses in taxable before FIRE.   I'm overweight into retirement accounts.

It just hit me a few moments ago: 2019 is NEXT year. When I first joined this board, 2019 seemed so very far away.


Yep, after the stroke of midnight on New Year's Eve, I said it out loud to my spouse, "I'm retiring NEXT YEAR."  Crazy. I know in the blink of an eye it will be May 7th, and I'll be able to say, "I've got less than a year until retirement." It sounds so bizarre when I say it that way. Like, the imminence is kind of scary! I know I'll have a thousand things to do, it's just that I'm realizing the time I have to get some ducks in a row prior to that date is dwindling fast!

I'm in the same place mentally.  One day I figured out the number of paychecks I have left before I FIRE, and it's not all that many!

itchyfeet

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Re: 2019 fire cohort
« Reply #494 on: January 17, 2018, 07:18:36 PM »
My taxables are a little shy as well.  I want to have a few years expenses in taxable before FIRE.   I'm overweight into retirement accounts.

It just hit me a few moments ago: 2019 is NEXT year. When I first joined this board, 2019 seemed so very far away.


Yep, after the stroke of midnight on New Year's Eve, I said it out loud to my spouse, "I'm retiring NEXT YEAR."  Crazy. I know in the blink of an eye it will be May 7th, and I'll be able to say, "I've got less than a year until retirement." It sounds so bizarre when I say it that way. Like, the imminence is kind of scary! I know I'll have a thousand things to do, it's just that I'm realizing the time I have to get some ducks in a row prior to that date is dwindling fast!

I'm in the same place mentally.  One day I figured out the number of paychecks I have left before I FIRE, and it's not all that many!

Itís going to be an uphill battle to the finish line on many fronts.

I believe I should feel unburdened because I should no longer give a rats about my job, but instead I am feeling the weight of making the biggest financial decision of my life. Turning off the raging torrent of cashflow from a career that is at its zenith is daunting.

Trifele

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Re: 2019 fire cohort
« Reply #495 on: January 18, 2018, 04:59:31 AM »
My taxables are a little shy as well.  I want to have a few years expenses in taxable before FIRE.   I'm overweight into retirement accounts.

It just hit me a few moments ago: 2019 is NEXT year. When I first joined this board, 2019 seemed so very far away.


Yep, after the stroke of midnight on New Year's Eve, I said it out loud to my spouse, "I'm retiring NEXT YEAR."  Crazy. I know in the blink of an eye it will be May 7th, and I'll be able to say, "I've got less than a year until retirement." It sounds so bizarre when I say it that way. Like, the imminence is kind of scary! I know I'll have a thousand things to do, it's just that I'm realizing the time I have to get some ducks in a row prior to that date is dwindling fast!

I'm in the same place mentally.  One day I figured out the number of paychecks I have left before I FIRE, and it's not all that many!

Itís going to be an uphill battle to the finish line on many fronts.

I believe I should feel unburdened because I should no longer give a rats about my job, but instead I am feeling the weight of making the biggest financial decision of my life. Turning off the raging torrent of cashflow from a career that is at its zenith is daunting.

I agree.  I'm making more this year than ever, my job is non-stressful and rarely exceeds 45 hours per week, and some days I think I am crazy to pull the plug . . .  Like OldToyota, I'm in a good place because our income won't go immediately to zero, but it is still scary.

PhilB

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Re: 2019 fire cohort
« Reply #496 on: January 18, 2018, 06:14:21 AM »
Knowing when it's time to turn off the fire hose of cash has been a huge psychological issue for me too and one I've been wrestling with constantly for the past year or so.  I've finally come to a conclusion that makes me feel happy and so I'm afraid I need to drop out of the 2019 list.  I've spent too long thinking in terms of 'if I go at x time of year it will be most tax efficient because of y' and was losing sight of the fact that all those 'efficiency' drivers were immaterial compared to the actual salary for the extra / less months concerned and therefore not worth worrying about.
I have decided that, unless there is a complete market meltdown in the meantime, I will quit in Oct this year.  I have made several similar decisions about different dates over the past few months, but this one has done more than any of the others to make me feel happy so it's the one I'm going with.  I will have more than enough money, work is expected to get pretty horrid from about that date and the key driver is that if I stayed longer I would have to work through the half term holiday rather than go on holiday with the kids and I realised that was more important to me than more money was.
I may end up being asked to do a bit of consulting through into mid 2019 so the IRP may still class me as a 2019er, but I think it's time to go and apply for membership of the 2018 thread.  Best wishes to all of you and I will keep a eye on how you are all doing.

itchyfeet

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Re: 2019 fire cohort
« Reply #497 on: January 18, 2018, 08:42:49 AM »
Cheers Phil B. Fair chance I might end up 2018 too. Still throwing around ideas for 2019.

Parizade

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Re: 2019 fire cohort
« Reply #498 on: January 18, 2018, 09:52:18 AM »
Cheers Phil B. Fair chance I might end up 2018 too. Still throwing around ideas for 2019.
If there was any way I could swing it this year I would, I'll probably go back and take a look just to be sure but I don't think I can move my date up at all.

Eric

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Re: 2019 fire cohort
« Reply #499 on: January 18, 2018, 11:42:58 AM »
I was *just* wondering if any of you were considering moving up your timeline due to the recent outsized market returns.

I've personally already hit my "number" (in 2017, no less), but the only reason is due to all of the heavy lifting by Mr. Market.  Looking at current valuations, I'm pretty sure I'll end up happier when I can take a ~20% portfolio haircut without worrying a bit.  And I won't even have to work any longer.  So I'm staying the course with the original plan.  I have really started slacking off at work though...