Author Topic: 2019 fire cohort  (Read 793197 times)

Lews Therin

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Re: 2019 fire cohort
« Reply #1600 on: January 08, 2019, 08:59:42 AM »
Sadly, I'll admit that my date has moved. from 26 April to 29th July.

Extra 3 months work - 17 vacation days.

itchyfeet

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Re: 2019 fire cohort
« Reply #1601 on: January 08, 2019, 10:48:02 AM »
Today I switched my taxable account dividends to stop being re-invested and instead get dumped into my bank account.  If I'm paying taxes on these things no matter what, they may as well be part of my spending. 

Feels really strange though.  I guess this is the first step in going from saver to spender.  It's a big difference.


I did that in December to help build my cash buffer, oh my, I've never had that much seemly random money start showing up in my account.  I'm glad I'm not the only one that feels strange.  With the market being down, i want to put it back in!

LV

Right?  That's where it's supposed to go!! Back in the market!  lol

+1. I’ve got a small pile of cash in my bank account and itching to put it to work...... which it will later this year when it puts meals on the table.

Linea_Norway

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Re: 2019 fire cohort
« Reply #1602 on: January 08, 2019, 11:15:12 AM »

This morning brought a Godfather-esque round of surprise reorganization and firing.  I am not directly impacted …yet.  So unsettling to work in this environment.  Trying to hang on for a few more months.

My DH once used to work in such a company. The atmosphere became really bad and it was not nice for him to work there, despite being needed by the company and having a pile of FU money.

Just try to cruise to your FIRE date and prepare for your next hobbies/travels.

SugarMountain

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Re: 2019 fire cohort
« Reply #1603 on: January 08, 2019, 11:25:41 AM »
Today I switched my taxable account dividends to stop being re-invested and instead get dumped into my bank account.  If I'm paying taxes on these things no matter what, they may as well be part of my spending. 

Feels really strange though.  I guess this is the first step in going from saver to spender.  It's a big difference.


Just make sure you've got an account with Ally or American Express where they are actually paying a bit of interest (~2% I believe).

I did buy a chunk of VOO last week that as of earlier today is up half a percent since then.

One of the reasons I ended up OMY'ing it (I was originally targeting last summer) was I have not really set up my portfolio to be in sustaining/withdrawal mode instead of saving mode.  I still haven't but it's on my list of to-dos!

I did that in December to help build my cash buffer, oh my, I've never had that much seemly random money start showing up in my account.  I'm glad I'm not the only one that feels strange.  With the market being down, i want to put it back in!

LV

Right?  That's where it's supposed to go!! Back in the market!  lol

+1. I’ve got a small pile of cash in my bank account and itching to put it to work...... which it will later this year when it puts meals on the table.

Trifle

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Re: 2019 fire cohort
« Reply #1604 on: January 09, 2019, 03:21:44 AM »
Got you updated @Lews Therin

Pressure's on at work for me.  Yesterday the boss asked me to stay until 3/1.  I said no -- holding firm on a departure 1/31 . . . I have a feeling this isn't the last of the pressure to stay though.   

chasesfish

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Re: 2019 fire cohort
« Reply #1605 on: January 09, 2019, 05:26:57 AM »
Got you updated @Lews Therin

Pressure's on at work for me.  Yesterday the boss asked me to stay until 3/1.  I said no -- holding firm on a departure 1/31 . . . I have a feeling this isn't the last of the pressure to stay though.

Is there a # you can give him for a retention bonus?  Asking for an extra five figures to stay for the additional month probably makes that conversation go away.  A friend worked for the FDIC towards the end of the financial crisis, they kept paying retention bonuses when someone would try to leave to buy extra time.

 I don't know if you already have travel scheduled in February or not

Trifle

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Re: 2019 fire cohort
« Reply #1606 on: January 09, 2019, 06:06:58 AM »
Got you updated @Lews Therin

Pressure's on at work for me.  Yesterday the boss asked me to stay until 3/1.  I said no -- holding firm on a departure 1/31 . . . I have a feeling this isn't the last of the pressure to stay though.

Is there a # you can give him for a retention bonus?  Asking for an extra five figures to stay for the additional month probably makes that conversation go away.  A friend worked for the FDIC towards the end of the financial crisis, they kept paying retention bonuses when someone would try to leave to buy extra time.

 I don't know if you already have travel scheduled in February or not

No travel scheduled, and that is a good thought. Though it would have to be a very healthy $ number for me to consider that . . . I'm fairly desperate to be done.

Linea_Norway

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Re: 2019 fire cohort
« Reply #1607 on: January 09, 2019, 06:10:31 AM »
Got you updated @Lews Therin

Pressure's on at work for me.  Yesterday the boss asked me to stay until 3/1.  I said no -- holding firm on a departure 1/31 . . . I have a feeling this isn't the last of the pressure to stay though.

Well done so far. And yes, increase/double your salary if you feel the need to stay longer. You will get less and less attractive that way.
I don't really understand that a company wants to keep a person who really wants to leave. You won't be a motivated employee.

PhilB

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Re: 2019 fire cohort
« Reply #1608 on: January 09, 2019, 06:27:39 AM »
Got you updated @Lews Therin

Pressure's on at work for me.  Yesterday the boss asked me to stay until 3/1.  I said no -- holding firm on a departure 1/31 . . . I have a feeling this isn't the last of the pressure to stay though.

Is there a # you can give him for a retention bonus?  Asking for an extra five figures to stay for the additional month probably makes that conversation go away.  A friend worked for the FDIC towards the end of the financial crisis, they kept paying retention bonuses when someone would try to leave to buy extra time.

 I don't know if you already have travel scheduled in February or not

No travel scheduled, and that is a good thought. Though it would have to be a very healthy $ number for me to consider that . . . I'm fairly desperate to be done.
Or turn it round the other way and offer to stay 3 days a week for 100% of the salary and only in an advisory capacity.

I may be under some pressure myself to rejoin this cohort as I'm hearing rumours that my replacement just got another job...

Trifle

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Re: 2019 fire cohort
« Reply #1609 on: January 09, 2019, 07:06:05 AM »
Got you updated @Lews Therin

Pressure's on at work for me.  Yesterday the boss asked me to stay until 3/1.  I said no -- holding firm on a departure 1/31 . . . I have a feeling this isn't the last of the pressure to stay though.

Is there a # you can give him for a retention bonus?  Asking for an extra five figures to stay for the additional month probably makes that conversation go away.  A friend worked for the FDIC towards the end of the financial crisis, they kept paying retention bonuses when someone would try to leave to buy extra time.

 I don't know if you already have travel scheduled in February or not

No travel scheduled, and that is a good thought. Though it would have to be a very healthy $ number for me to consider that . . . I'm fairly desperate to be done.
Or turn it round the other way and offer to stay 3 days a week for 100% of the salary and only in an advisory capacity.

Haha I LOVE that idea Phil — thanks!

markbike528CBX

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Re: 2019 fire cohort
« Reply #1610 on: January 09, 2019, 07:20:22 AM »
True story, to backup PhilB's suggestion.

I had "invented" a role at Company " Lazy H" some years before,and then was very quiet and very busy when they asked for volunteers to fill that role, as it was a horrible job.

Worker K: I'm leaving.

Manager: You can't leave! (Hiring process was minimum 6 month process, even absent a nearly constant hiring freeze).

Worker K: Double my salary.  ( I'd estimate this at 80-100K at the time)

Manager: I can't do that!!

Worker K: We're done then.

Side note: Worker K had been a distant colleague at Company " Lazy H" before  I left for SemiBigCorp.
Worker K eventually became my manager at SemiBigCorp.

Eric

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Re: 2019 fire cohort
« Reply #1611 on: January 09, 2019, 12:04:55 PM »
The new guy two desks over (in an open office concept) is currently clipping his fingernails at his desk while on a call.  How is this a thing?  Is it fucking April yet? 

Linea_Norway

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Re: 2019 fire cohort
« Reply #1612 on: January 09, 2019, 01:15:40 PM »
Tonight, DH and I had a long talk about our FIRE house schedule which includes house sale. We thought a lot about the stress of selling it, quitting our jobs with 3 months mandatory notice and moving to another part of the country. It is too much stress to organize this. We have now decided to rent a house close by for the first half year, max 2 hours driving from our current place. This is a lot less stress than moving across country and we can move several loads of our stuff to the other house each day, so there is less pressure of selling the lot in a short time before the move.

I updated my unsold ads for the piano and my wedding dress with a lower price, in the hope to sell it before the house sales. We made a list of stuff that needs to be done before the sales. We have also decided that we don't need to stress too much. If we aren't ready for sale in May, we can do it later, even during the summer when very few houses are for sale.

DH wants to know exactly whether our planned age pensions show correctly on our website. There is a choice, to calculate how much you get if you stop working completely. DH thinks there is hardly any difference between retiring now or working for another twenty years. Therefore we book a meeting with the organization that pays out to explain it. I also need to wait for the individual pension meeting at my job, that might be hold in January. Because not getting a high enough pension after 67 would be a show stopper.
We will hire an estate broker if this meeting goes well.

We plan to have a before sales anti stress vacation somewhere in March. And use the Easter holidays to prepare for house sale. We will also take some extra days off in May to prepare for the sale.
« Last Edit: January 10, 2019, 04:30:26 AM by Linda_Norway »

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Re: 2019 fire cohort
« Reply #1613 on: January 10, 2019, 03:58:52 AM »
That sounds like a good plan @Linda_Norway.  Selling one house is stressful enough, without having to buy another one at the same time -- been there, done that.  Plus added bonus --  because you'll be moving twice (once to the rental and then again to your permanent house) you'll probably get rid of even more belongings.  Nothing like a move to help you shed 'stuff'!   

Good luck with your retirement plan meetings.

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Re: 2019 fire cohort
« Reply #1614 on: January 10, 2019, 04:34:59 AM »
I may be under some pressure myself to rejoin this cohort as I'm hearing rumours that my replacement just got another job...

Do you think you would go back to work @PhilB?  How do you like FIRE so far? 

Linea_Norway

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Re: 2019 fire cohort
« Reply #1615 on: January 10, 2019, 05:39:00 AM »
I want to hear your opinion.

DH is thinking of doing part of his current job after FIRE. Not as the leader of the department, but as a specialist, working only on occasional hours when there is a job in the region where we live. He could also do this in his own company that he would have to create. But he feels a bit like doing it for either his current boss or one of the competitors.

We also intend to first decompress for 1/2 to 1 year, before doing any of this.

Because of this, he wants to maintain a good relationship with his current company. If he would deliver his resignation before the summer vacation and quit at the end of September (3 months mandatory notice in Norway), his boss would not have time to hire a replacement. So he is considering to tell his boss quite soon that he needs to start looking for a replacement leader and that he (DH) wouldn't mind working under this replacement leader.
He would like to do this some months before delivering his notice. Either by telling his boss that he is up to taking a year sabbatical, or just because he doesn't want to be a leader anymore after a while.

Do you others think it is a good idea to tell your boss to look for a replacement, half a year before leaving the company?

I am a bit sceptic. Will they treat you equally well if they know you are going to leave? I think he shouldn't mention wanting to leave before he has too.

For my position it is the question. They value me a lot, but I'm pretty sure another person can learn to do the same thing. Only it will take time. I am currently also the expert on a new tool that we use. But I am already documenting a lot of the difficult functions, as the last person did who left. I could very well imagine working with this tool maybe one day a week in average, outside my planned trips. But DH thinks we should first decompress for half a year. Last spring he had a long sick leave and read his work email regularly. He said that 1 hour reading mail gave stress for the whole day. So he thinks being system administrator for a tool one day a week might cause a lot of stress. On the other hand, I think they might still need me most during the first year, and less later. Any thoughts about that?
We should in theory not really need the extra money, but I would like a bit of a safety net.

chasesfish

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Re: 2019 fire cohort
« Reply #1616 on: January 10, 2019, 05:52:24 AM »
The decision on when to tell your employer is entirely based on company culture.  Fritz over at the Retirement Manifesto writes about his great relationship with his employer and giving six months notice and how well it worked out.


My company is the opposite.  We have sales goals and bonus pools.  As soon as someone shows they aren't "committed", the company knows their not likely going to try to hit sales goals and the manager wants those goals out of his target/bonus pool.  I have to be "employed at the company" through March 15th to get my restricted stock, in an ideal world I'd let them know earlier.  Instead, my notice date will be March 18th.  I might drop my letter requesting a leave of absence two weeks earlier because I've asked and was told no before without any real negative ramifications.

Your thoughts are completely normal for someone going through this situation.  It will be okay.  Breathe, trust your numbers, and know you are making the right decision.  The great thing about financial independence is options.  Those options can be overwealming and its okay to slow down.  Those of us who make it to FI are often go-getters that work hard.  That overactive mind can sometimes be a curse (it is to me!).

Good luck

Linea_Norway

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Re: 2019 fire cohort
« Reply #1617 on: January 10, 2019, 06:49:30 AM »

Your thoughts are completely normal for someone going through this situation.  It will be okay.  Breathe, trust your numbers, and know you are making the right decision.  The great thing about financial independence is options.  Those options can be overwhelming and its okay to slow down.  Those of us who make it to FI are often go-getters that work hard.  That overactive mind can sometimes be a curse (it is to me!).

Good luck

This ^^^. My mind is always in hyper efficiency mode and I am always making lists to not forget a single thing.
According to my FIL, I always walk as if I am in a hurry, even when I am not at work. I would never walk to another room in my house without looking around for what things I could take along on my way there. I cannot cook without updating the shopping list on my phone for groceries. I cannot visit the bathroom without noticing the washing machine is finished and perform the actions needed to handle that.

We will be FIREing on a lean amount. But we have discussed that we for example can do some occasional consultancy work if we want to spend money on something big (like expensive travel or a newer car).

PhilB

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Re: 2019 fire cohort
« Reply #1618 on: January 10, 2019, 06:51:36 AM »
I may be under some pressure myself to rejoin this cohort as I'm hearing rumours that my replacement just got another job...

Do you think you would go back to work @PhilB?  How do you like FIRE so far?
I'm hugely enjoying FIRE thanks.  My 1 day a week job has been bleeding over a tiny bit, but not to the extent of being too annoying, and I feel 10 years younger without the stress or the sedentary lifestyle.  It was an interesting day yesterday, having the news land from nowhere that my replacement was off and thinking about my reaction to it - particularly in the context of how the markets have moved since I pulled the plug.  I stopped and thought about how much more they would have to pay me for me to go back and the answer turned out to be that there was really no conceivable level of pay that would make me go back.  If markets are down I'd much rather keep my freedom and just spend less if I have to.
I probably will end up working more hours as a result of this (for paid overtime) and I do feel for the people still there and want to help out, BUT I am simply not prepared to take on any of the stress that would come with actually owning the job, nor am I prepared to give up my insistence that I don't work at all in school holidays (the 2 weeks at Xmas were bliss!).  I expect my current gig to come to a natural end next October when the systems I support are replaced.  The one possible impact of my replacement quitting is that, if the system change gets deferred, they would now probably need me to continue at my current level of commitment and I don't really have a problem with that.

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Re: 2019 fire cohort
« Reply #1619 on: January 10, 2019, 07:03:11 AM »
The decision on when to tell your employer is entirely based on company culture.  Fritz over at the Retirement Manifesto writes about his great relationship with his employer and giving six months notice and how well it worked out.


My company is the opposite.  We have sales goals and bonus pools.  As soon as someone shows they aren't "committed", the company knows their not likely going to try to hit sales goals and the manager wants those goals out of his target/bonus pool.  I have to be "employed at the company" through March 15th to get my restricted stock, in an ideal world I'd let them know earlier.  Instead, my notice date will be March 18th.  I might drop my letter requesting a leave of absence two weeks earlier because I've asked and was told no before without any real negative ramifications.

Your thoughts are completely normal for someone going through this situation.  It will be okay.  Breathe, trust your numbers, and know you are making the right decision.  The great thing about financial independence is options.  Those options can be overwealming and its okay to slow down.  Those of us who make it to FI are often go-getters that work hard.  That overactive mind can sometimes be a curse (it is to me!).

Good luck
It really does all come down to your particular situation vis a vis your employer.  I gave mine huge amounts of notice which was great for several reasons - it stopped them passing responsibilities to me when other people left, it gave everyone loads of time to make plans, and best of all it meant I got to largely opt out of all the corporate bullshit for my last year.  I was lucky though that bonuses weren't a big thing at my employer, so I didn't have to worry about there being much financial impact from my openness. YMMV.

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Re: 2019 fire cohort
« Reply #1620 on: January 10, 2019, 07:48:49 PM »
I don't plan to give more than a month's notice myself.  I mentioned it earlier in the thread, but if I was to give several months notice, I would likely lose the quiet office time to myself and have to spend my days doing my job while training my replacement(s), making my last months potential hell, after having suffered many years in shared office space to finally get my own office about a year and a half ago, I don't want to return to that type of environment in my final months of full time employment.

My stash is back up to 26X, about 3.84% SWR, for semi-FAT FIRE, or about 74X barebones.  My interest in continuing to work at my job may keep me 10 more months, although my desire had been to work those 10 months part time anyway, but part time was never guaranteed.

.
« Last Edit: January 10, 2019, 07:57:37 PM by DreamFIRE »

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Re: 2019 fire cohort
« Reply #1621 on: January 10, 2019, 08:10:12 PM »
Move me up. Sept 1

Lews Therin

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Re: 2019 fire cohort
« Reply #1622 on: January 10, 2019, 08:12:14 PM »
You heard him, move him up to may 1st.

Linea_Norway

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Re: 2019 fire cohort
« Reply #1623 on: January 11, 2019, 01:40:47 AM »
One of DH's employees has expressed the wish to become a group leader of the other city, as soon as they have hired some more people there. This is a person DH thinks has the ability to replace him. So it is good to hear that this person now has ambitions to become a manager. So DH's replcement might come very naturally now and maybe he won't need to tell his boss earlier than necessary.

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Re: 2019 fire cohort
« Reply #1624 on: January 11, 2019, 03:44:02 AM »
Move me up. Sept 1

Change made, but what's the deal?  I thought you were nearly ready to OMY to 2020, and now you're thinking even earlier?


2019 FIRE Cohort:

01/01/19     Bingeworker (52)   CONFIRMED
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/??/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     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
07/29/19     Lews Therin (29)
08/01/19     SugarMountain
09/01/19     2Birds1Stone  (32)
09/02/19     Cornbread OMalley  (42)  Date Confirmed
09/??/19     RetirementDreaming
09/??/19     dayzero
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:
August
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IPlawyer
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OMY:
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« Last Edit: January 13, 2019, 05:44:12 AM by Trifele »

Loren Ver

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Re: 2019 fire cohort
« Reply #1625 on: January 11, 2019, 05:46:20 AM »
One of DH's employees has expressed the wish to become a group leader of the other city, as soon as they have hired some more people there. This is a person DH thinks has the ability to replace him. So it is good to hear that this person now has ambitions to become a manager. So DH's replcement might come very naturally now and maybe he won't need to tell his boss earlier than necessary.

Ohh, that is good news.  I was thinking telling them even earlier to keep on good terms had a lot of potential to make things worse for your husband.  I will probably give my place a few extra weeks (over the 2) but that is more so I can avoid doing things I don't want to do  (train on new systems make goals). 

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Re: 2019 fire cohort
« Reply #1626 on: January 11, 2019, 06:35:13 AM »
Move me up. Sept 1

Change made, but what's the deal?  I thought you were nearly ready to OMY to 2020, and now you're thinking even earlier?


Honestly? I've been agonizing over this for a while now. It's been OLY for me since finding this place. I'm considering more creative ways of lowering my expenses, and questioning whether pulling the plug on FT work with $450k in assets vs. $525k is going to make that much of a difference in the grand scheme of things. No matter what I plan on eventually doing some sort of compensated work.

The Sept 1 plan involves a leave of absence, to provide care for an elderly family member. I am very close with my grandfather, who lives in Europe. 2019 is largely because he's 93 and I'm not sure he will be around in 2020........

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Re: 2019 fire cohort
« Reply #1627 on: January 11, 2019, 07:00:12 AM »
Move me up. Sept 1

Change made, but what's the deal?  I thought you were nearly ready to OMY to 2020, and now you're thinking even earlier?


Honestly? I've been agonizing over this for a while now. It's been OLY for me since finding this place. I'm considering more creative ways of lowering my expenses, and questioning whether pulling the plug on FT work with $450k in assets vs. $525k is going to make that much of a difference in the grand scheme of things. No matter what I plan on eventually doing some sort of compensated work.

The Sept 1 plan involves a leave of absence, to provide care for an elderly family member. I am very close with my grandfather, who lives in Europe. 2019 is largely because he's 93 and I'm not sure he will be around in 2020........

Those sound like good reasons to lean toward the earlier date.  And as a fellow skinny-FIREer choosing time with family over money, I shake your hand 2Birds.  Hope it works out for you to spend time with your grandfather.

Linea_Norway

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Re: 2019 fire cohort
« Reply #1628 on: January 11, 2019, 11:03:31 AM »
Today we had a visit of a new broker for selling the house. His plan is to sell much earlier than May, rather in the end of March. And for a much higher price than we counted on. That would lead to a fatter FIRE.

I started a journal for this process. Be welcome to visit it.
https://forum.mrmoneymustache.com/journals/the-final-stages-of-my-normal-working-life-101241/

Trifle

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Re: 2019 fire cohort
« Reply #1629 on: January 11, 2019, 11:12:47 AM »
Today we had a visit of a new broker for selling the house. His plan is to sell much earlier than May, rather in the end of March. And for a much higher price than we counted on. That would lead to a fatter FIRE.

I started a journal for this process. Be welcome to visit it.
https://forum.mrmoneymustache.com/journals/the-final-stages-of-my-normal-working-life-101241/

That is fantastic Linda!  As long as you are ok selling sooner, that could work out great.  Fingers crossed!

forward

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Re: 2019 fire cohort
« Reply #1630 on: January 11, 2019, 12:59:29 PM »


[/quote]

Honestly? I've been agonizing over this for a while now. It's been OLY for me since finding this place. I'm considering more creative ways of lowering my expenses, and questioning whether pulling the plug on FT work with $450k in assets vs. $525k is going to make that much of a difference in the grand scheme of things. No matter what I plan on eventually doing some sort of compensated work.

The Sept 1 plan involves a leave of absence, to provide care for an elderly family member. I am very close with my grandfather, who lives in Europe. 2019 is largely because he's 93 and I'm not sure he will be around in 2020........
[/quote]

2birds, if it works for you, do it.  Looking back there are times that I wish I had taken the time to spend more time with a family member that has since passed or that I had taken more time on a project etc.  That is one of the reasons I am getting out in 2019, so I can be present for the things that I can't yet see.

chasesfish

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Re: 2019 fire cohort
« Reply #1631 on: January 11, 2019, 03:50:45 PM »
Nine weeks left until notice (and will be taking nine work days off between now and then)  #soclose

Might turn in a request for a LOA on March 1st after bonuses are finalized before the retirement notice of March 18th

Loren Ver

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Re: 2019 fire cohort
« Reply #1632 on: January 11, 2019, 04:01:52 PM »
Today we had a visit of a new broker for selling the house. His plan is to sell much earlier than May, rather in the end of March. And for a much higher price than we counted on. That would lead to a fatter FIRE.

I started a journal for this process. Be welcome to visit it.
https://forum.mrmoneymustache.com/journals/the-final-stages-of-my-normal-working-life-101241/

That is fantastic Linda!  As long as you are ok selling sooner, that could work out great.  Fingers crossed!

Woot woot!!  Great Linda.  Fingers crossed.




Honestly? I've been agonizing over this for a while now. It's been OLY for me since finding this place. I'm considering more creative ways of lowering my expenses, and questioning whether pulling the plug on FT work with $450k in assets vs. $525k is going to make that much of a difference in the grand scheme of things. No matter what I plan on eventually doing some sort of compensated work.

The Sept 1 plan involves a leave of absence, to provide care for an elderly family member. I am very close with my grandfather, who lives in Europe. 2019 is largely because he's 93 and I'm not sure he will be around in 2020........
[/quote]

2birds, if it works for you, do it.  Looking back there are times that I wish I had taken the time to spend more time with a family member that has since passed or that I had taken more time on a project etc.  That is one of the reasons I am getting out in 2019, so I can be present for the things that I can't yet see.
[/quote]

A very good reason 2birds. The truly important things in life!

August

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Re: 2019 fire cohort
« Reply #1633 on: January 12, 2019, 08:45:17 AM »
I met with my manager Friday to let her know I'm planning to resign.  It's a day later now and I've had time to unpack what happened. 

At the time I just felt very uncomfortable about speaking openly about this, because I like the people I work with and it may not make sense to give up a "perfectly good" job.  I also had a fear of people asking me questions that I don't have clear answers for about what I'm going to be doing instead.  So it was like steeling myself and just doing it, like ripping off a sticky bandage.

I didn't have a speech planned, just the first line about planning to resign.  The first response was "sorry to hear that".  I said that I don't have any problem with the company, just that I no longer want to do this type of work.  I mentioned a hobby/business project that I want to put spend time on.  Also that several people I know have passed away within the last two years and that has motivated me to make a change.  We talked a bit about how long we've been working together, and that she just needs the notice letter to give to HR.  And that I'm leaving in good standing and would be welcomed back if I want.  No pressure!

Looking back, I now realize that because of my fears/nervousness I expected some resistance.  Like a negotiation for a later date after the workload goes down, or a cross examination about how my business project would make money.  But those fears were unfounded.

I still need to hand in that letter to make it final.



(I see I'm not on Trifele's list yet - maybe add me to TBD?)

SwordGuy

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Re: 2019 fire cohort
« Reply #1634 on: January 12, 2019, 11:59:02 PM »
Just wanted to pop in from the 2018 cohort and say, Happy FIRE YEAR to each and every one of you.


It's awesome.   You'll love it.

Trifle

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Re: 2019 fire cohort
« Reply #1635 on: January 13, 2019, 05:46:51 AM »
I met with my manager Friday to let her know I'm planning to resign. 

(I see I'm not on Trifele's list yet - maybe add me to TBD?)

Got you added to the list above @August -- Congratulations!  Announcing your resignation is a huge milestone passed.  Sounds like you may be FIREing very soon!
« Last Edit: January 13, 2019, 06:37:10 PM by Trifele »

desk_jockey

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Re: 2019 fire cohort
« Reply #1636 on: January 13, 2019, 10:49:40 AM »
I’m watching you folks as you get ready and to learn from your final preparations.   I’m targeting RE sometime between Jul2020 and end 2022.  The only realistic thing that would move up to 2019 is if I get a severance package in late 2019.   I’d receive the max, about 6-months’ salary & healthcare.  I think the chance of some layoffs in 4th Q 2019 is high, but the chance of me landing one is quite low.   A guy can dream, can’t he?

Bateaux

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Re: 2019 fire cohort
« Reply #1637 on: January 13, 2019, 12:30:19 PM »
Just wanted to pop in from the 2018 cohort and say, Happy FIRE YEAR to each and every one of you.


It's awesome.   You'll love it.

Glad to hear Swordguy!  Have fun.

chasesfish

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Re: 2019 fire cohort
« Reply #1638 on: January 13, 2019, 12:35:45 PM »
I’m watching you folks as you get ready and to learn from your final preparations.   I’m targeting RE sometime between Jul2020 and end 2022.  The only realistic thing that would move up to 2019 is if I get a severance package in late 2019.   I’d receive the max, about 6-months’ salary & healthcare.  I think the chance of some layoffs in 4th Q 2019 is high, but the chance of me landing one is quite low.   A guy can dream, can’t he?

Been dreaming it for two years, personally in the starter ranks for a golden parachute.  A layoff would be worth about two years compensation

oldtoyota

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Re: 2019 fire cohort
« Reply #1639 on: January 13, 2019, 04:14:39 PM »
Just wanted to pop in from the 2018 cohort and say, Happy FIRE YEAR to each and every one of you.


It's awesome.   You'll love it.

Thank you! It's kind of you to stop by. =-)

dragoncar

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Re: 2019 fire cohort
« Reply #1640 on: January 14, 2019, 01:26:24 AM »
I’m watching you folks

Yes.  We are watching.


Linea_Norway

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Re: 2019 fire cohort
« Reply #1641 on: January 15, 2019, 12:43:13 AM »
A bit off-topic, but I just found out yesterday that a friend of mine is a multi millionaire. I have known him and his wife for years. They are both lawyers. She has always been very ambitious and working for years at Big Law. He has always been working at government agencies, working normal hours.

They have 2 children and a more spendy lifestyle than we have. They typically drive a nicer car (with a car loan, many years ago), have a slightly more expensive house than we have, often go on trips abroad and live in hotels, while we camp. I had heard that his father was rich. We once heard from a third person, that his father own half the town they lived in.

For some reason, DH yesterday looked up this friend's father in the tax lists (in Norway that is semi-public info). We found out that his father showed up in a list of the top ten richest people of the town they live in, with a really big (taxable) net worth. But our friend himself also showed up in that list, with a net worth 4 times as big as our combined net worth. He has obviously already received a large portion of his inheritance, as I cannot imagine he would have been able to save that much by himself. Good for him.

I am pretty sure that my friend and his wife still work. I also doubt whether they would be able to live of this large pot of money, with their current lifestyle. But maybe next time I meet them, I should tell them about my plans to FIRE. Especially to his wife who is also Dutch and not born as a big spendypants. Maybe if I tell her about our plans, she might ask about the exact amount. If I would mention that, she might realize that they could perhaps do the same, with a few lifestyle adjustments. Or she could at least stop working full time at such high ambitious jobs, where she seems to be underappreciated.
« Last Edit: January 15, 2019, 12:46:13 AM by Linda_Norway »

Freedomin5

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Re: 2019 fire cohort
« Reply #1642 on: January 15, 2019, 07:02:40 AM »
Sorry...I really enjoy hanging out here with all you wonderful people, but it looks like my FIRE date is moving to 2021, if not even further off.

My manager caught wind of a rumor that I was thinking of not renewing my contract and FREAKED OUT. As in, escalated to the company CEO (and I work for a pretty big company and didn’t even know that the CEO knew who I was) and came into my office demanding an explanation and then begged me not to leave. The CEO now wants to talk to me, I think to see what they can offer me to convince me to stay...even though I haven’t said I’m leaving.

At the same time, I’ve gotten a verbal offer for another position that offers lower pay but many many benefits including three months paid vacation, decent work hours, housing, round trip airfare, pension plan, health insurance, and school tuition for DD. It would be a huge step up in terms of standard of living - we might even finally approximate a middle class North American lifestyle without sacrificing much by way of our savings rate. And the work and lifestyle is less stressful. We’d be living walking distance to work and school.

The comparison is kind of like a high stress high compensation private industry job versus a lower paid but more secure and laidback government job. Just out of curiosity, any advice in which one you would take?

So either way, unless something completely random happens, it looks like FIRE-ing in 2019 is a no go.

Roboturner

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Re: 2019 fire cohort
« Reply #1643 on: January 15, 2019, 03:25:04 PM »
I'm unfortunately bowing out of the race. Going for fat-FIRE/until I'm bored/can't take it anymore, after hitting FI last year. Best of luck to the new graduates!

Linea_Norway

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Re: 2019 fire cohort
« Reply #1644 on: January 16, 2019, 12:32:39 AM »
I'm unfortunately bowing out of the race. Going for fat-FIRE/until I'm bored/can't take it anymore, after hitting FI last year. Best of luck to the new graduates!

Good for you.

This morning we were discussing to do OMY. So I might be out of here. :-(
DH has finally been playing around with the numbers in my FIRE spreadsheet and thinks the plan is a little too lean and too little robust for an occasional, necessary, big expense. We are not even talking about a fatter FIRE, but just one where we won't go broke in our sixties. We do have a few buffers (selling our cabin and receiving a possible inheritance), but they are not providing DH enough security. I want us both to be comfortable with the plan, so it is important to land this before we are actually putting the house for sale and quitting jobs.

Trifle

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Re: 2019 fire cohort
« Reply #1645 on: January 16, 2019, 03:25:39 AM »
Farewell and good luck @Freedomin5 and @Roboturner!  We'll miss you.  Come back if you change your mind. 

2019 FIRE Cohort:

01/01/19     Bingeworker (52)   CONFIRMED
01/31/19     Trifele (51)
02/01/19     Cycling Stache (44)
02/08/19     Socmonkey (37)
02/13/19     SeanTash
02/25/19     MaybeBabyMustache
02/??/19     zinnie  (35)
03/15/19     exit2019  (40)
03/19/19     ChasesFish (36)
03/??/19     MissNancyPryor  (50)     
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/??/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     CryingInThePool  (44)
07/??/19     powersuitrecall  (47)
07/??/19     Enigma  (39)
07/??/19     Thedividebyzero  (45)
07/??/19     Keeks
07/03/19     Gerard
07/03/19     Miss Piggy
07/29/19     Lews Therin (29)
08/01/19     SugarMountain
09/01/19     2Birds1Stone  (32)
09/02/19     Cornbread OMalley  (42)  Date Confirmed
09/??/19     RetirementDreaming
09/??/19     dayzero
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:
August
Lowerbills (40)
getoutsoon (52)
IPlawyer
MustacheAnxiety
forward

OMY/2MY/Etc:
Freedomin5 (38)
Roboturner  (30)
Bateaux (51)
« Last Edit: January 16, 2019, 06:54:20 AM by Trifele »

Trifle

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Re: 2019 fire cohort
« Reply #1646 on: January 16, 2019, 03:30:26 AM »
This morning we were discussing to do OMY. So I might be out of here. :-(
DH has finally been playing around with the numbers in my FIRE spreadsheet and thinks the plan is a little too lean and too little robust for an occasional, necessary, big expense. We are not even talking about a fatter FIRE, but just one where we won't go broke in our sixties. We do have a few buffers (selling our cabin and receiving a possible inheritance), but they are not providing DH enough security. I want us both to be comfortable with the plan, so it is important to land this before we are actually putting the house for sale and quitting jobs.

It's definitely critical to have your spouse on board for FIRE.  Does he think the numbers are too lean even if you sell your house for that larger amount your new agent predicted?  Maybe you two can put off a final decision until after the house sells?


Miss Piggy

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Re: 2019 fire cohort
« Reply #1647 on: January 16, 2019, 03:30:56 AM »
@Trifele - it looks like you're next. What's your status?

Trifle

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Re: 2019 fire cohort
« Reply #1648 on: January 16, 2019, 03:59:21 AM »
@Trifele - it looks like you're next. What's your status?

Resignation was submitted some time ago, and my last day is scheduled for 1/31.  I've been training my replacement and getting all my work in order to hand over.   My boss is exerting pressure on me to stay another month, but so far I'm holding firm.  They haven't actually offered me money to stay yet.  If they do, I'm considering telling them I would do it if they let me work part time, but we'll see.  (Thanks for the suggestion @PhilB!)

I'm married with two kids.  DH is already FIREd and home with the kids.  We live on a small hobby farm and are doing a massive renovation on the old farm house while we live in it, doing the work ourselves.  We're essentially rebuilding the entire house structure from the foundation up (DH has mad construction skills).  We have so many stories about our house build, I probably should have started a journal.  At this point I'm really looking forward to being done with my FT job so I can be with the family and help more with the house.  And we're planning to do some traveling this year.  We've already booked camping reservations for Zion, Grand Canyon, and Shenandoah, and are planning to check out Kisatchie in Louisiana.  Happy happy!

2Birds1Stone

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Re: 2019 fire cohort
« Reply #1649 on: January 16, 2019, 04:32:39 AM »
Sounds like a great year, Trifele.

I just realized that I'll be the second youngest (of those who shared age) to pull it off in 2019, if all goes to plan :)

@Lews Therin.....how does it feel young blood?

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