Author Topic: 2019 fire cohort  (Read 793069 times)

Loren Ver

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Re: 2019 fire cohort
« Reply #1400 on: December 03, 2018, 03:53:50 PM »
On Friday we just got notice that our third level manager is going to change as we are being reorganized.  The middle managers will be announced Monday or Tuesday.  My group is safe.  Great news for my group!  I was hoping for a severance, but having everyone be safe is just too good a news. 

Interesting. My group is going through a reorg, too. We're waiting to find out whether we have to re-apply for our jobs (which we will if the roles change by a certain percentage). If that happens, I'll just quietly forget to apply for one of the new roles...then I'll miss the deadline...then I'll get to see if there's any severance.  The sheer entertainment value of it all!

That would be incredible

**giggles**  That is just something else. 

Seems like re-orgs are in the air.  Our announcement came across as not very exciting.

LV 

Trifle

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Re: 2019 fire cohort
« Reply #1401 on: December 04, 2018, 03:11:16 AM »
Just pulling the list forward . . .  Love all the re-orgs/maneuvering!


2019 FIRE Cohort:

01/02/19     Trifele (51)
02/01/19     Cycling Stache (44)
02/08/19     Socmonkey (37)
02/25/19     MaybeBabyMustache
02/??/19     zinnie  (35)
03/15/19     exit2019  (40)
03/19/19     ChasesFish (36)
03/??/19     MissNancyPryor  (50)     
03/??/19     Roboturner  (30)
03/??/19     Edgema
03/29/19     JumboShrimp
03/31/19     BlindSquirrel
03/31/19     Mr. Ver (39)
03/31/19     Loren Ver (36)
04/01/19     HalfStached  (41)
04/01/19     Gerardc  (35)
04/01/19     JoJo (45)
04/01/19     Ryder (39)
04/19/19     Eric
04/23/19     Lews Therin (29)
04/??/19     Luck12  (41)
04/??/19     PowerStache (43)
05/01/19     Albireo13  (61)                   
05/??/19     SamIAm38  (29)
05/??/19     FIRE 20/20  (42)
05/31/19     Pylortes  (42)
05/31/19     Odiedog8590  (62)
05/31/19     Livingthedream55  (59)
05/31/19     dude   
06/01/19     Prairie Stash
06/07/19     DreamFire
06/21/19     Parizade  (62)
06/22/19     Waffles  (52)
06/??/19     Oldtoyota
06/??/19     Itchyfeet  (47)
06/??/19     Bateaux  (50)
06/??/19     CryingInThePool  (44)
07/??/19     powersuitrecall  (47)
07/??/19     Enigma  (39)
07/??/19     Thedividebyzero  (45)
07/01/19     Freedomin5 (38)
07/03/19     Gerard
07/03/19     Miss Piggy
08/01/19     SugarMountain
09/02/19     Cornbread OMalley  (42)  Date Confirmed
09/??/19     RetirementDreaming
10/01/19     2Birds1Stone  (32)
10/01/19     Linda_Norway
10/??/19     VoteCthulu  (39)
10/??/19     Trix76  (43)
10/??/19     MoMan  (55)
10/??/19     Dreamer
12/??/19     HBFI  (38)
12/??/19     luckyme13  (45)
12/27/19     moxie
12/31/19     texxan1  (47)

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

OLY FIRE-ees:
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
Elaine amj (40)               OLY -- CONFIRMED 11/30/18
« Last Edit: December 07, 2018, 03:40:43 AM by Trifele »

MaybeBabyMustache

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Re: 2019 fire cohort
« Reply #1402 on: December 04, 2018, 09:59:05 AM »
I'm now looking at pushing out my sabbatical to 4/25. Our company allows a 12 week sabbatical, but you have to exhaust your vacation down to zero before it begins. The challenge with taking my sabbatical earlier (as per my previous plan) is that I'll come back (maybe? to part time? not at all?) & will have zero vacation for the summer, which isn't an option with our summer plans. So, by shifting it out a bit, it gives me more flexibility in the event i decide I want to come back part time.

Linea_Norway

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Re: 2019 fire cohort
« Reply #1403 on: December 05, 2018, 12:22:49 PM »
A little update. We have now reached our FIRE stash, apart from selling the clown house for a good price...

So what is left between now and FIRE is indeed selling that house, and working long enough next year to cover the 2019 expenses. DH thinks we should also save up a bit for a car replacement for the day our current main car stops working. That is why we plan to work to October next year. We will see where we end up.

Luckily being in the FIRE list here is without too much obligation and we are allowed to change plans.

2Birds1Stone

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Re: 2019 fire cohort
« Reply #1404 on: December 05, 2018, 12:55:59 PM »
Luckily being in the FIRE list here is without too much obligation and we are allowed to change plans.

This is simply not true. Your commitment is in blood.

Loren Ver

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Re: 2019 fire cohort
« Reply #1405 on: December 05, 2018, 12:58:08 PM »
A little update. We have now reached our FIRE stash, apart from selling the clown house for a good price...

So what is left between now and FIRE is indeed selling that house, and working long enough next year to cover the 2019 expenses. DH thinks we should also save up a bit for a car replacement for the day our current main car stops working. That is why we plan to work to October next year. We will see where we end up.

Luckily being in the FIRE list here is without too much obligation and we are allowed to change plans.


That is great news Linda!!

Lews Therin

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Re: 2019 fire cohort
« Reply #1406 on: December 05, 2018, 01:01:34 PM »
Your name on the list above is legally binding. If you don`t, the closest mustachian will go to your house and make fun of you till you retire.

Be Warned Linda.

Cornbread OMalley

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Re: 2019 fire cohort
« Reply #1407 on: December 05, 2018, 02:59:50 PM »
A little update. We have now reached our FIRE stash, apart from selling the clown house for a good price...

So what is left between now and FIRE is indeed selling that house, and working long enough next year to cover the 2019 expenses. DH thinks we should also save up a bit for a car replacement for the day our current main car stops working. That is why we plan to work to October next year. We will see where we end up.

Luckily being in the FIRE list here is without too much obligation and we are allowed to change plans.
That's fantastic news, Linda_Norway!!!...


This is simply not true. Your commitment is in blood.

Your name on the list above is legally binding. If you don`t, the closest mustachian will go to your house and make fun of you till you retire.

Be Warned Linda.
...but these guys mean business!!!  :-P

Trifle

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Re: 2019 fire cohort
« Reply #1408 on: December 07, 2018, 03:37:18 AM »
Congrats on hitting your FIRE number Linda -- that's huge!

This week has just sped by for me.  I thought time might slow down as I approached my last day, but the opposite has been true.  I am NOT going to accept the offer to stay three more months (thanks for the timely comments @2Birds1Stone):
« Last Edit: December 07, 2018, 03:48:21 AM by Trifele »

markbike528CBX

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Re: 2019 fire cohort
« Reply #1409 on: December 07, 2018, 08:44:22 AM »
A little update. We have now reached our FIRE stash, apart from selling the clown house for a good price...

So what is left between now and FIRE is indeed selling that house, and working long enough next year to cover the 2019 expenses. DH thinks we should also save up a bit for a car replacement for the day our current main car stops working. That is why we plan to work to October next year. We will see where we end up.

Luckily being in the FIRE list here is without too much obligation and we are allowed to change plans.
That's fantastic news, Linda_Norway!!!...


This is simply not true. Your commitment is in blood.

Your name on the list above is legally binding. If you don`t, the closest mustachian will go to your house and make fun of you till you retire.

Be Warned Linda.
...but these guys mean business!!!  :-P

How hard could finding the house be? Huge house with beautiful view in Norway. I'm sure there is only one that fits the description, no problem :-)

Keeks

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Re: 2019 fire cohort
« Reply #1410 on: December 07, 2018, 11:23:19 AM »
Hi!  I'm posting to add my name to the 2019 roster.

I’ll be FIRE’ing in early July, just waiting for a large bonus payout in June—will give my notice as soon as that hits the bank account.

I’ve had a fantastic career, but am now in a job that has brought me to utter burnout.  Honestly, staying on for those additional months will be a challenge, but it is the right financial decision and will give me a feeling of completion to make it to my stated goal.  DH will keep working for at least a year—he’s in a job he loves. 

I vacillate regularly between overwhelming excitement for the post-FIRE time, and complete nervousness.  I have started to tell a very small amount of family/friends about my plan but still a part of me does not believe it is real.  (Even typing this post to a bunch of internet strangers fills me with a twinge of nervousness!)

I’m keeping myself occupied with all of the changes that need to be made for a mid-2019 exit:  switched my health insurance to my husband’s employer so we could get the full HSA, meeting with the tax adviser to sort out what my 2019 withholdings will be, sorting out my 401k contributions so I can max out before I leave, and have found a volunteer organization I can spend more time with during the “decompress” time.

I’m with CycleStache on the “do I have enough” fears.  I go back and check my math in a panic on a regular basis, and the numbers always hold up.  While I hate that the market is a mess now and keeping me a tiny bit below where I wanted to be in July, I just need to remind myself that going down NOW is better than going down in a few years.  For now we are still contributing, and not withdrawing from the accounts so its mathematically best—even if it feels painful.

Glad to finally officially be part of the cohort!

markbike528CBX

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Re: 2019 fire cohort
« Reply #1411 on: December 07, 2018, 11:38:46 AM »
Welcome Keeks

Don't worry about your nervousness, it's natural, but you have to keep your eyes on the prize.

FIREing in summer is great, the only problem you may have is checking out the warm weather from the chilly office.

While having a volunteer org for FIRE is great, don't just rush out the door of your old office and into a new one.

Decompress time should be as non-thinking-active as possible.  Physical activity, yep, do it.  A big part of decompress is learning to say "Nope, not yet".


OP here FIRED 6/1/18.  Come on in, the water is fine!

Livingthedream55

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Re: 2019 fire cohort
« Reply #1412 on: December 07, 2018, 12:03:39 PM »
Your name on the list above is legally binding. If you don`t, the closest mustachian will go to your house and make fun of you till you retire.

Be Warned Linda.

LMAO   : 0 )

Linea_Norway

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Re: 2019 fire cohort
« Reply #1413 on: December 07, 2018, 02:06:16 PM »
A little update. We have now reached our FIRE stash, apart from selling the clown house for a good price...

So what is left between now and FIRE is indeed selling that house, and working long enough next year to cover the 2019 expenses. DH thinks we should also save up a bit for a car replacement for the day our current main car stops working. That is why we plan to work to October next year. We will see where we end up.

Luckily being in the FIRE list here is without too much obligation and we are allowed to change plans.
That's fantastic news, Linda_Norway!!!...


This is simply not true. Your commitment is in blood.

Your name on the list above is legally binding. If you don`t, the closest mustachian will go to your house and make fun of you till you retire.

Be Warned Linda.
...but these guys mean business!!!  :-P

How hard could finding the house be? Huge house with beautiful view in Norway. I'm sure there is only one that fits the description, no problem :-)

After reading what rediculously big mansions some Americans live in, the hugeness of my house is relative. Only huge for Norwegian standars: 3 bedrooms, 2 bathrooms, large attic/bedroom, double garage, 2 storage rooms.

Most of you live far away, so I still feel pretty safe for not being visited by MMMers making fun of me. And I still think we are going to FIRE in 2019.

2Birds1Stone

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Re: 2019 fire cohort
« Reply #1414 on: December 07, 2018, 02:07:46 PM »
Linda, I would never dare make fun of you. Simply nudge you to pull the trigger toward your goal!

Sent from my SM-N950U using Tapatalk


Lews Therin

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Re: 2019 fire cohort
« Reply #1415 on: December 07, 2018, 03:20:08 PM »
I have lots of airlines points, and will be retired next year. Nobody will be safe.
(Also your country is awesome and on my list of places to go.)
It's like that expression you can murder 2 flying animals at the same time if you throw a rock at the right time. (Or something like that)

chasesfish

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Re: 2019 fire cohort
« Reply #1416 on: December 07, 2018, 05:36:06 PM »
14 weeks remaining until notice day!

Cornbread OMalley

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Re: 2019 fire cohort
« Reply #1417 on: December 07, 2018, 05:36:18 PM »
Hi!  I'm posting to add my name to the 2019 roster.

I’ll be FIRE’ing in early July...
Welcome, Keeks!!

itchyfeet

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Re: 2019 fire cohort
« Reply #1418 on: December 07, 2018, 10:38:49 PM »
I have lots of airlines points, and will be retired next year. Nobody will be safe.
(Also your country is awesome and on my list of places to go.)
It's like that expression you can murder 2 flying animals at the same time if you throw a rock at the right time. (Or something like that)

Norway is indeed an incredibly beautiful country. I look forward to getting back there one day.

itchyfeet

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Re: 2019 fire cohort
« Reply #1419 on: December 07, 2018, 10:45:08 PM »
14 weeks remaining until notice day!

I will give notice late Feb, so maybe only 10 weeks left for me.

Yikes. That’s coming quickly.

Given that my Net Worth at 31 December 2018 will be pretty much the same as 31 December 2017 despite diligent saving and a big salary its a little nerve racking.

Trifle

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Re: 2019 fire cohort
« Reply #1420 on: December 08, 2018, 02:38:49 AM »
Welcome aboard @Keeks!  Boy you don't mess around -- your first post announces your FIRE date.  :)

2019 FIRE Cohort:

01/02/19     Trifele (51)
02/01/19     Cycling Stache (44)
02/08/19     Socmonkey (37)
02/25/19     MaybeBabyMustache
02/??/19     zinnie  (35)
03/15/19     exit2019  (40)
03/19/19     ChasesFish (36)
03/??/19     MissNancyPryor  (50)     
03/??/19     Roboturner  (30)
03/??/19     Edgema
03/29/19     JumboShrimp
03/31/19     BlindSquirrel
03/31/19     Mr. Ver (39)
03/31/19     Loren Ver (36)
04/01/19     HalfStached  (41)
04/01/19     Gerardc  (35)
04/01/19     JoJo (45)
04/01/19     Ryder (39)
04/19/19     Eric
04/23/19     Lews Therin (29)
04/??/19     Luck12  (41)
04/??/19     PowerStache (43)
05/01/19     Albireo13  (61)                   
05/??/19     SamIAm38  (29)
05/??/19     FIRE 20/20  (42)
05/31/19     Pylortes  (42)
05/31/19     Odiedog8590  (62)
05/31/19     Livingthedream55  (59)
05/31/19     dude   
06/01/19     Prairie Stash
06/07/19     DreamFire
06/21/19     Parizade  (62)
06/22/19     Waffles  (52)
06/??/19     Oldtoyota
06/??/19     Itchyfeet  (47)
06/??/19     Bateaux  (50)
06/??/19     CryingInThePool  (44)
07/??/19     powersuitrecall  (47)
07/??/19     Enigma  (39)
07/??/19     Thedividebyzero  (45)
07/??/19     Keeks
07/01/19     Freedomin5 (38)
07/03/19     Gerard
07/03/19     Miss Piggy
08/01/19     SugarMountain
09/02/19     Cornbread OMalley  (42)  Date Confirmed
09/??/19     RetirementDreaming
10/01/19     2Birds1Stone  (32)
10/01/19     Linda_Norway
10/??/19     VoteCthulu  (39)
10/??/19     Trix76  (43)
10/??/19     MoMan  (55)
10/??/19     Dreamer
12/??/19     HBFI  (38)
12/??/19     luckyme13  (45)
12/27/19     moxie
12/31/19     texxan1  (47)

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

OLY FIRE-ees:
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
Elaine amj (40)               OLY -- CONFIRMED 11/30/18

Trifle

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Re: 2019 fire cohort
« Reply #1421 on: December 08, 2018, 02:43:33 AM »
I have lots of airlines points, and will be retired next year. Nobody will be safe.
(Also your country is awesome and on my list of places to go.)

+1.  We'll be headed to Norway sooner or later too.  Party at Linda's house next year! 

Linea_Norway

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Re: 2019 fire cohort
« Reply #1422 on: December 08, 2018, 03:00:18 AM »
I have lots of airlines points, and will be retired next year. Nobody will be safe.
(Also your country is awesome and on my list of places to go.)

+1.  We'll be headed to Norway sooner or later too.  Party at Linda's house next year!

That would be something, getting a bunch of 2019 retirees visiting for a party...

Linea_Norway

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Re: 2019 fire cohort
« Reply #1423 on: December 08, 2018, 03:03:35 AM »
14 weeks remaining until notice day!

I will give notice late Feb, so maybe only 10 weeks left for me.

Yikes. That’s coming quickly.

Given that my Net Worth at 31 December 2018 will be pretty much the same as 31 December 2017 despite diligent saving and a big salary its a little nerve racking.

Yes, the stock market hasn't been generating a lot of faith in the 4% rule this year. I just hope it will average out in the years to come.

chasesfish

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Re: 2019 fire cohort
« Reply #1424 on: December 08, 2018, 07:00:46 AM »
14 weeks remaining until notice day!

I will give notice late Feb, so maybe only 10 weeks left for me.

Yikes. That’s coming quickly.

Given that my Net Worth at 31 December 2018 will be pretty much the same as 31 December 2017 despite diligent saving and a big salary its a little nerve racking.

Yes, the stock market hasn't been generating a lot of faith in the 4% rule this year. I just hope it will average out in the years to come.

There are going to be some 0% or negative years to offset ones like that 20% we got last year.  It'll all work out

Cornbread OMalley

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Re: 2019 fire cohort
« Reply #1425 on: December 08, 2018, 08:03:46 AM »
Norway is indeed an incredibly beautiful country. I look forward to getting back there one day.
I spent some time in Oslo and then took the train along the coast to Stavanger.  Hiked up to Preikestolen, which afforded an absolutely beautiful view of the fjord below (really wish I had more time to make it to Kjerag).  I would love to go back for more hikes and to explore north to Bergen, Trondheim, and beyond.

Freedomin5

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Re: 2019 fire cohort
« Reply #1426 on: December 08, 2018, 08:10:14 AM »
Oh man, given the ribbing Linda_Norway is getting for even thinking of extending her FIRE date out by a few months, I hesitate to tell you guys that I was just offered a very interesting and lucrative opportunity which would extend my FIRE date out by at least two years, if not longer.

I haven’t moved on the opportunity yet (so I am currently still officially 2019), but FREE housing, FREE private school tuition, FREE round trip flights home, FREE healthcare, LOWER STRESS job, THREE MONTHS paid vacation per year, and a great work environment with a great group of people, is a bit hard to pass. Oh, and the salary is pretty decent too.

Once Lews Therin is done making fun of Linda in Norway, I’m mentally preparing myself to find him standing at my door in China. I’ll even plan to invite him into my super expensive but FREE luxury apartment. He can make fun of me from inside its air conditioned comfort. No need to stand outside in the sweltering heat.

Trifle

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Re: 2019 fire cohort
« Reply #1427 on: December 08, 2018, 08:23:09 AM »
Oh man, given the ribbing Linda_Norway is getting for even thinking of extending her FIRE date out by a few months, I hesitate to tell you guys that I was just offered a very interesting and lucrative opportunity which would extend my FIRE date out by at least two years, if not longer.

I haven’t moved on the opportunity yet (so I am currently still officially 2019), but FREE housing, FREE private school tuition, FREE round trip flights home, FREE healthcare, LOWER STRESS job, THREE MONTHS paid vacation per year, and a great work environment with a great group of people, is a bit hard to pass. Oh, and the salary is pretty decent too.

Once Lews Therin is done making fun of Linda in Norway, I’m mentally preparing myself to find him standing at my door in China. I’ll even plan to invite him into my super expensive but FREE luxury apartment. He can make fun of me from inside its air conditioned comfort. No need to stand outside in the sweltering heat.

No need to explain @Freedomin5 ... Personally you had me at "three months paid vacation a year."  Damn that sounds tempting.

Cornbread OMalley

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Re: 2019 fire cohort
« Reply #1428 on: December 08, 2018, 08:27:43 AM »
Oh man, given the ribbing Linda_Norway is getting for even thinking of extending her FIRE date out by a few months, I hesitate to tell you guys that I was just offered a very interesting and lucrative opportunity which would extend my FIRE date out by at least two years, if not longer.

I haven’t moved on the opportunity yet (so I am currently still officially 2019), but FREE housing, FREE private school tuition, FREE round trip flights home, FREE healthcare, LOWER STRESS job, THREE MONTHS paid vacation per year, and a great work environment with a great group of people, is a bit hard to pass. Oh, and the salary is pretty decent too.
I would milk that for all that it's worth!

SpareChange

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Re: 2019 fire cohort
« Reply #1429 on: December 09, 2018, 09:19:48 AM »
I haven’t moved on the opportunity yet (so I am currently still officially 2019), but FREE housing, FREE private school tuition, FREE round trip flights home, FREE healthcare, LOWER STRESS job, THREE MONTHS paid vacation per year, and a great work environment with a great group of people, is a bit hard to pass. Oh, and the salary is pretty decent too.

Are you sure you didn't just dream this? :p.

Loren Ver

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Re: 2019 fire cohort
« Reply #1430 on: December 09, 2018, 02:57:34 PM »
Welcome to Keeks!!  This is a wonderful cohort, nervousness and all :).

Linda I would never come to make fun of you, but if you are holding a 2019 FIRE get together at your place, I'd find a way to be there.  The bigger house would probably be better   :)  :)  :).

Freedomin5, that sounds like it could be a good option, or a trap (see Admiral Ackbar above).  If you go for it, I hope it is all you hoped it could be. 

Things for me are moving forward.  We are certainly at the two steps forward one step back part of investing :).

LV

itchyfeet

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Re: 2019 fire cohort
« Reply #1431 on: December 09, 2018, 09:13:07 PM »
Nervousness now mixed with a dose of frustration.

Australian stock market down a further 2% today. Syedney property prices deflating in an accelerating fashion.

 The gap between me and “my number” is getting rather big. I now think I’ll only be at 88-90% of my number by my FIRE day in June, which equates to a 4.5% planned withdrawal rate. Not as conservative as I would really like.

Still, DW will earn a little post FIRE which should bridge the gap.....

Tempted to just draw down on everything, go to the casino put it all on red and put all this emotional angst behind me one way or the other??

Freedomin5

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Re: 2019 fire cohort
« Reply #1432 on: December 09, 2018, 10:39:16 PM »
We will see. I do live in a China after all, so what they say is sometimes vastly different from reality. I won’t really know for sure until I have the contract in front of me, and even then there is no guarantee that the contract will be honored.

MaybeBabyMustache

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Re: 2019 fire cohort
« Reply #1433 on: December 10, 2018, 08:10:52 PM »
Received my 2019 compensation package today. They went big. I'll receive the bonus in January, so that's guaranteed. I am getting an 11% salary raise, which is much higher than standard for my corporation. And. . .$250k in stock. Total package for the year at $700k. I know my manager wants to retain me. . . if I can get part-time at this pay rate (porportionally by hours), that would be some crazy amazing part time money.

chasesfish

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Re: 2019 fire cohort
« Reply #1434 on: December 11, 2018, 04:41:47 AM »
Received my 2019 compensation package today. They went big. I'll receive the bonus in January, so that's guaranteed. I am getting an 11% salary raise, which is much higher than standard for my corporation. And. . .$250k in stock. Total package for the year at $700k. I know my manager wants to retain me. . . if I can get part-time at this pay rate (porportionally by hours), that would be some crazy amazing part time money.

Wow, that's solid.  How long does it take before the stock vests at your place?  We have a four year cliff vesting and that RSU login just looks like pretend money because of how long it takes to earn it

Loren Ver

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Re: 2019 fire cohort
« Reply #1435 on: December 11, 2018, 04:55:39 AM »
Received my 2019 compensation package today. They went big. I'll receive the bonus in January, so that's guaranteed. I am getting an 11% salary raise, which is much higher than standard for my corporation. And. . .$250k in stock. Total package for the year at $700k. I know my manager wants to retain me. . . if I can get part-time at this pay rate (porportionally by hours), that would be some crazy amazing part time money.

Wow, those are some huge numbers!  Congrats!

2Birds1Stone

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Re: 2019 fire cohort
« Reply #1436 on: December 11, 2018, 05:26:44 AM »
Oh my! At that compensation level someone could retire in 3 years from scratch!

MaybeBabyMustache

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Re: 2019 fire cohort
« Reply #1437 on: December 11, 2018, 07:19:04 AM »
Received my 2019 compensation package today. They went big. I'll receive the bonus in January, so that's guaranteed. I am getting an 11% salary raise, which is much higher than standard for my corporation. And. . .$250k in stock. Total package for the year at $700k. I know my manager wants to retain me. . . if I can get part-time at this pay rate (porportionally by hours), that would be some crazy amazing part time money.

Wow, that's solid.  How long does it take before the stock vests at your place?  We have a four year cliff vesting and that RSU login just looks like pretend money because of how long it takes to earn it

Our vesting schedule depends on the size of the grant. For my grant, I'll get a monthly grant with even distribution for the next 48 months. The big advantage of the large grant sizes is the monthly vests. At smaller grants, you are on a quarterly or even yearly vest.

MaybeBabyMustache

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Re: 2019 fire cohort
« Reply #1438 on: December 11, 2018, 07:23:09 AM »
Thanks, @Loren Ver and @2Birds1Stone . Even with crazy expensive housing, a few years at this rate would make all of the difference. We haven't made this much before - this is "new money", as our move to California corresponded with greatly increased expenses (taxes, housing), but 3x/4x salary.

Golden handcuffs! So hard to leave.

Cornbread OMalley

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Re: 2019 fire cohort
« Reply #1439 on: December 11, 2018, 07:34:51 AM »
Received my 2019 compensation package today. They went big. I'll receive the bonus in January, so that's guaranteed. I am getting an 11% salary raise, which is much higher than standard for my corporation. And. . .$250k in stock. Total package for the year at $700k. I know my manager wants to retain me. . . if I can get part-time at this pay rate (porportionally by hours), that would be some crazy amazing part time money.
Shizzam!!  Even I have dollar signs in my eyes!!

MustacheAnxiety

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Re: 2019 fire cohort
« Reply #1440 on: December 12, 2018, 01:40:42 PM »
Received my 2019 compensation package today. They went big. I'll receive the bonus in January, so that's guaranteed. I am getting an 11% salary raise, which is much higher than standard for my corporation. And. . .$250k in stock. Total package for the year at $700k. I know my manager wants to retain me. . . if I can get part-time at this pay rate (porportionally by hours), that would be some crazy amazing part time money.

Damn, and I thought we were struggling to get off our gravy train with biscuit wheels (which pays 2 people well less than half of your 2019 salary).  Congrats! I hope you figure out a good part time scheme or find a way to say enough even though they want to pay you so much for just one year.

Unofficially signing up for 2019 cohort as 1 of 2 votes is most definitely not on board yet.  It is a bit early but after totaling our annual 2018 spending we are coming in with spending just under 2% of our invested assets.  Adding 17K extra for health care (which we may or may not need depending on the ACA) and 6K for travel/hobbies that have not had time for we are right around 3%.  There are tentative plans to move to a modest (300-330K) dream house in the sticks post retirement.  So that is what 2019 will be all about, getting that last 130K for the house swap (even with the higher priced house taxes will be the same).  With no help from the stock market we should be there sometime in October.

So the last question is what if the market tanks?  If we drop another 30 or 40% what are the plans for the rest of the cohort?

Statistically, we should still be fine calling it quits, right? If we can retire now at a 3% SWR and we save cash for a new house, it is the same (or slightly better) than retiring now.

Eric

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Re: 2019 fire cohort
« Reply #1441 on: December 12, 2018, 02:44:30 PM »
So the last question is what if the market tanks?  If we drop another 30 or 40% what are the plans for the rest of the cohort?

Hopefully everyone has a plan for this.  Personally, the die has been cast, so I'm retiring no matter what.  However, a 30% market drop should not equal a 30% portfolio drop, assuming you hold some bonds.  For reference, a 70/30 stock/bond portfolio would only lose 20% of its value during a 30% stock market draw down.  (This assumes bonds are flat, which is a pretty conservative assumption).  If that happened, I wouldn't change much as I feel like my portfolio can absorb a 20% hit and still be okay.  At full planned spending, that'd put me at about a 4.5% WR, which again is probably fine if you're starting from a depressed point.  I'd likely spend less due to nerves, but I doubt it'd be necessary. 

Larger market draw downs would result in definite cutting of planned spending - much less travel, find a place with really cheap rent and hole up, more visits to family because it's rent free because we miss them, etc.  My spending is fairly flexible though, since I won't have a permanent home, so I feel pretty okay about being able to weather the next recession by simply moving to a cheap location and reducing spending, possibly drastically, without too much of a quality of life hit.  Of course, having never done it, I don't know if it's actually sustainable.  Only one way to find out I guess.  lol  All I know is that I really don't want to have to earn any money again. 

Pylortes

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Re: 2019 fire cohort
« Reply #1442 on: December 12, 2018, 03:23:00 PM »
So the last question is what if the market tanks?  If we drop another 30 or 40% what are the plans for the rest of the cohort?

Hopefully everyone has a plan for this.  Personally, the die has been cast, so I'm retiring no matter what.  However, a 30% market drop should not equal a 30% portfolio drop, assuming you hold some bonds.  For reference, a 70/30 stock/bond portfolio would only lose 20% of its value during a 30% stock market draw down.  (This assumes bonds are flat, which is a pretty conservative assumption).  If that happened, I wouldn't change much as I feel like my portfolio can absorb a 20% hit and still be okay.  At full planned spending, that'd put me at about a 4.5% WR, which again is probably fine if you're starting from a depressed point.  I'd likely spend less due to nerves, but I doubt it'd be necessary. 

Larger market draw downs would result in definite cutting of planned spending - much less travel, find a place with really cheap rent and hole up, more visits to family because it's rent free because we miss them, etc.  My spending is fairly flexible though, since I won't have a permanent home, so I feel pretty okay about being able to weather the next recession by simply moving to a cheap location and reducing spending, possibly drastically, without too much of a quality of life hit.  Of course, having never done it, I don't know if it's actually sustainable.  Only one way to find out I guess.  lol  All I know is that I really don't want to have to earn any money again.

I try to be adaptable.  If the market tanks, I will plan to work longer so I can load up on cheap stocks. Too hard for me to pass up bargains, and I have a wish list of companies I follow (and I price I would pay) that I would buy shares of in a drop.   But not too much longer (maybe a few months?), as I'm getting pretty sick of work. 

MaybeBabyMustache

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Re: 2019 fire cohort
« Reply #1443 on: December 12, 2018, 03:34:21 PM »
@MustacheAnxiety - my first response was guilt. I'm thrilled, and appreciate the recognition for my efforts, but . . . a lot of guilt. I've had many moments of, if I work for another year, I can do X for my family (sister, etc). If I work for another two years, I can do Y for a charitable contribution I care about, etc. It's very, very difficult to walk away from the money. Which, is of course, the goal.

forward

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Re: 2019 fire cohort
« Reply #1444 on: December 12, 2018, 04:25:42 PM »

I haven't posted on the forum for a while but still stop in for inspiration and you all are inspiring.  I am thinking I am going to be in the 2019 cohort!  I do hope I am not in the 2018 cohort because I would like to put a little more away to pay off the house but that may be beyond my control.

Like some others, I bounce between overwhelming excitement and absolute trepidation for the post-FIRE time.  But the job almost always has me down.   

Work has become excrutiating and getting through the next 14 weeks will be very hard, if I last that long.  If I make it that long, I'll put my required 90 day notice in but I suspect I will be asked to leave at that moment.  its that kind of place.

FIRE 20/20

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Re: 2019 fire cohort
« Reply #1445 on: December 12, 2018, 05:43:32 PM »
Unofficially signing up for 2019 cohort as 1 of 2 votes is most definitely not on board yet.  It is a bit early but after totaling our annual 2018 spending we are coming in with spending just under 2% of our invested assets.  Adding 17K extra for health care (which we may or may not need depending on the ACA) and 6K for travel/hobbies that have not had time for we are right around 3%.  There are tentative plans to move to a modest (300-330K) dream house in the sticks post retirement.  So that is what 2019 will be all about, getting that last 130K for the house swap (even with the higher priced house taxes will be the same).  With no help from the stock market we should be there sometime in October.

So the last question is what if the market tanks?  If we drop another 30 or 40% what are the plans for the rest of the cohort?

Statistically, we should still be fine calling it quits, right? If we can retire now at a 3% SWR and we save cash for a new house, it is the same (or slightly better) than retiring now.

If you're at 3%, you've already worked too long and over the last year or couple of years spent your youngest, arguably best remaining years working when you didn't need to.  This fully accounts for a 30 or 40% drop. 

If a 30-40% drop causes a panic or any kind of re-evaluation of whether or not we should have FIREd then we didn't have a good enough plan in place.  Drops of that size happen all the time.  My backup plans include:
1.  Set up an LLC so I can do some part-time consulting.  This will allow me to keep certificates that are required in my field up to date if things get *really* bad and I need to return to full-time work.  I anticipate working 6-18 weeks per year for a year or two to see if we FIREd into a situation like the mid-1960s cohorts. 
2.  Have buffer built into the budget.  My partner and I have agreed on a prioritized order of budget cuts if things start to look bad.
3.  We've ignored our pensions and Social Security, which we'll be able to access about 20 years into FIRE.
4.  Ignored the possibility of any inheritance, although a not insignificant inheritance probable.
5.  Use a very low withdrawal rate - I expect we'll be at 3.6-3.7% if the market returns 0% between now and our FIRE date in May.  I'm kind of embarrassed to admit that I'm going with such an unreasonably low withdrawal rate, but it'll help me sleep at night even if it's not at all logical to go that low. 
6.  Use a rising equities glidepath to reduce the sequence of returns risk.

So, in short, my plan to deal with a 30-40% drop in the markets will be to shrug and FIRE anyway.  We're well below the SWR of 4%, we have concrete plans in place to earn money if needed, we have concrete plans in place to cut expenses if needed, and we are completely ignoring very likely additional income in the form of Social Security, Pensions, and potential inheritance.  Of course I say that now, but my bravado may be proven to be false if the markets crash right before my FIRE date, or my greed may rise up as I see equities go on sale. 

MustacheAnxiety

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Re: 2019 fire cohort
« Reply #1446 on: December 12, 2018, 06:59:00 PM »
@MustacheAnxiety - my first response was guilt. I'm thrilled, and appreciate the recognition for my efforts, but . . . a lot of guilt. I've had many moments of, if I work for another year, I can do X for my family (sister, etc). If I work for another two years, I can do Y for a charitable contribution I care about, etc. It's very, very difficult to walk away from the money. Which, is of course, the goal.

Seriously, the last thing you should feel is guilt, especially not because of something I said.  You are in a tough position (which is something only one super privileged person can say to another about making 700K in a year ... and now I feel kind of guilty).  But seriously if there is something you are really excited about retiring too I hope you find a way to leave in 2019.  If you like your job well enough and can carve out enough time for the other things that make you happy, work another year or two. 

I appreciate the thoughts on back-up plans and why we should pull the trigger in 2019, even if the big one hits, keep them coming.

Also, I officially have a pencil 'stache Woohoo.

DreamFIRE

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Re: 2019 fire cohort
« Reply #1447 on: December 12, 2018, 07:47:48 PM »
So the last question is what if the market tanks?  If we drop another 30 or 40% what are the plans for the rest of the cohort?

Statistically, we should still be fine calling it quits, right? If we can retire now at a 3% SWR and we save cash for a new house, it is the same (or slightly better) than retiring now.


After recent drops in my investments, I'm down to 74X barebones and a 1.35% SWR.  Sounds good, but that's more of an existence budget, minimal discretionary spending, not a way I would want to live in FIRE.  It's my maximum cut-back that would still allow me to pay all the necesarry bills including ongoing maintenance on my home without downsizing or living with anyone else.

My planned fire budget which includes a nice sum for discretionary spending for things like entertainment and travel puts my stash currently at 26X, so just under a 4% SWR.

I have about 6 months of saving to come prior to my FIRE date in early June, but that will be offset mostly by some significant home repair projects - new roof, new deck, new appliances and new flooring to name a few - plus some home improvement projects.  So that still leaves me at about 26X if my investments merely keep up with inflation.

This doesn't include inheritance or SS. I will collect SS 15 years into FIRE, which will bring my stash SWR below 3% based on the SS calculator.

I moved from 80% to 60% equities in the last year when my investments were nearly at their peak, so I can weather some significant market drops for years without having to work.

That said, my preferred plan was not to FIRE completely in June 2019, but rather, move to part time work doing my same job until the following spring of 2020 to FIRE completely.  The way things are going where I work, being able to stay on part time isn't looking likely.  I like my job.  It's interesting, I got my own office (no cubicle) over a year ago, I have a lot of flexibility, it's a short commute, so I really don't want to just call it quits completely that soon.  So I'm now considering just staying on full time for 10 more months past my original FIRE date, then completely FIRE in April 2020 with no part time plans, so my full-on FIRE would still be the same as if I had gone part time instead 10 months earlier.  I would still be like part time in July and August since I take so much vacation during the summer.  Maybe we'll have some more certainty on the ACA by then also with this lawsuit that's dragging out.

But, I don't have to decide until May 2019 if I want to go ahead and FIRE in June 2019 and try to stay on part time for a while longer or just stay on full time another 10 months before FIREing completely in April 2020.

Back to the question about a 30%-40% drop in the market, that wouldn't be an issue, assuming it recovered over time like it normally has after a recession.  I've already been expecting we'll see a recession during the early part of my FIRE and that we could see a big drop in the market that could take years to recover from.  I've already moved to a more conservative asset allocation and have plenty of buffer in my budget in available discretionary spending cuts.  So I wouldn't feel that I need to continue working longer for that reason alone, yet I may continue to work a little longer anyway.

Edit:  corrected my decision deadline to May 2019.
« Last Edit: December 14, 2018, 09:37:16 AM by DreamFIRE »

Linea_Norway

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Re: 2019 fire cohort
« Reply #1448 on: December 13, 2018, 01:52:32 AM »
So the last question is what if the market tanks?  If we drop another 30 or 40% what are the plans for the rest of the cohort?

If the market drops that much, we will take up a mortgage on the house and buy stock, while waiting for the home to be sold in 2019, for the minimum price we want.

We plan to sell the house in 2019 and with that transaction we expect to free up approx 400K to bulk buy into the stock market. We'd better make use of some market timing if there is a perfect moment for it. So we'll do it in advance in case of a crash.

It is harder to figure out what to do is there is not a crash, as a coming crash always seems due when the market is high.

Trifle

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Re: 2019 fire cohort
« Reply #1449 on: December 13, 2018, 02:13:56 AM »
Welcome @MustacheAnxiety!  Wow, your numbers are already at the 'fat FIRE' level.  We have all sorts here, folks like you that have a huge stash, and those like me that are skinnier (~4% bare bones). 

Welcome @forward!  I definitely hear you on the mix of feelings.  I love the smell of fear mixed with exhilaration in the morning.  Got you added.  Let us know when you have a date.


2019 FIRE Cohort:

01/31/19     Trifele (51)
02/01/19     Cycling Stache (44)
02/08/19     Socmonkey (37)
02/25/19     MaybeBabyMustache
02/??/19     zinnie  (35)
03/15/19     exit2019  (40)
03/19/19     ChasesFish (36)
03/??/19     MissNancyPryor  (50)     
03/??/19     Roboturner  (30)
03/??/19     Edgema
03/29/19     JumboShrimp
03/31/19     BlindSquirrel
03/31/19     Mr. Ver (39)
03/31/19     Loren Ver (36)
04/01/19     HalfStached  (41)
04/01/19     Gerardc  (35)
04/01/19     JoJo (45)
04/01/19     Ryder (39)
04/19/19     Eric
04/23/19     Lews Therin (29)
04/??/19     Luck12  (41)
04/??/19     PowerStache (43)
05/01/19     Albireo13  (61)                   
05/??/19     SamIAm38  (29)
05/??/19     FIRE 20/20  (42)
05/31/19     Pylortes  (42)
05/31/19     Odiedog8590  (62)
05/31/19     Livingthedream55  (59)
05/31/19     dude   
06/01/19     Prairie Stash
06/07/19     DreamFire
06/21/19     Parizade  (62)
06/22/19     Waffles  (52)
06/??/19     Oldtoyota
06/??/19     Itchyfeet  (47)
06/??/19     Bateaux  (50)
06/??/19     CryingInThePool  (44)
07/??/19     powersuitrecall  (47)
07/??/19     Enigma  (39)
07/??/19     Thedividebyzero  (45)
07/??/19     Keeks
07/01/19     Freedomin5 (38)
07/03/19     Gerard
07/03/19     Miss Piggy
08/01/19     SugarMountain
09/02/19     Cornbread OMalley  (42)  Date Confirmed
09/??/19     RetirementDreaming
10/01/19     2Birds1Stone  (32)
10/01/19     Linda_Norway
10/??/19     VoteCthulu  (39)
10/??/19     Trix76  (43)
10/??/19     MoMan  (55)
10/??/19     Dreamer
12/??/19     HBFI  (38)
12/??/19     luckyme13  (45)
12/27/19     moxie
12/31/19     texxan1  (47)

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

OLY FIRE-ees:
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
Elaine amj (40)               OLY -- CONFIRMED 11/30/18   
« Last Edit: December 15, 2018, 07:57:30 AM by Trifele »