Author Topic: 2020 FIRE Cohort  (Read 428466 times)

Linea_Norway

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Re: 2020 FIRE Cohort
« Reply #1900 on: September 30, 2020, 10:56:07 AM »
The big moment has finally arrived - as of tomorrow I'm finally done with work!

Congratulations. Sleep out and have a nice and peaceful breakfast on your first free morning.

Linea_Norway

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Re: 2020 FIRE Cohort
« Reply #1901 on: September 30, 2020, 10:57:28 AM »
01/01/20  Linea_Norway (@46)          CONFIRMED
01/01/20  firebrand                   CONFIRMED
01/01/20  Nancy                       CONFIRMED
01/01/20  openroadadventure (@53/50)  CONFIRMED
01/03/20  nwa-non                     CONFIRMED
01/07/20  alienbogey's wife           CONFIRMED
01/15/20  Nifty
01/15/20  Nickel (@55)                CONFIRMED
01/15/20  GettingClose's husband      CONFIRMED
01/31/20  ATS (@52)                   CONFIRMED
01/31/20  DisplacedHoosier (@57)      CONFIRMED
02/03/20  grobinski (@52/53)          CONFIRMED
02/03/20  IslandFIGirl                CONFIRMED
02/07/20  JumboShrimp                 CONFIRMED
02/29/20  lemanfan                    CONFIRMED, but maybe not forever
03/01/20  Bmjohnson (@50)             CONFIRMED
03/05/20  LadyMaWhiskers              CONFIRMED
03/06/20  damyst                      CONFIRMED
03/10/20  Katmandew (@54/48)          CONFIRMED
03/13/20  CrazyIT                     CONFIRMED
03/13/20  ysette9 (@38)               CONFIRMED
03/13/20  Padonak                     CONFIRMED
03/13/20  Maenad                      CONFIRMED
03/20/20  Mmm_donuts                  CONFIRMED
03/??/20  FInding_peace (@38)       
03/19/20  wildatheart (@53)           CONFIRMED
04/01/20  FlytilFIRE                  CONFIRMED
04/15/20  hybrid                      CONFIRMED
04/15/20  Indio                       CONFIRMED
04/17/20  Ottawa
04/??/20  DreamFIRE
05/08/20  rab-bit                     CONFIRMED
05/21/20  Body Surfer                 CONFIRMED
05/31/20  Dee18                       CONFIRMED
05/??/20  Rcc                         SWAMI     
05/??/20  Lady Stash (@45)
06/01/20  bobble                      CONFIRMED
06/05/20  thelyon19
06/15/20  BigHaus89
06/15/20  aspiringnomad (@37)         CONFIRMED
06/16/20  Kteach                      CONFIRMED
06/30/20  LateStarter                 CONFIRMED
06/??/20  ixtap (date uncertain)     
07/04/20  myobjectivism               CONFIRMED
07/10/20  Zsazsa                      CONFIRMED
07/20/20  Alienbogey                  CONFIRMED (accepted package from employer)
07/??/20 or later 20  MMM123
07/??/20  bas5252 (@55)
08/03/20  SugarMountain               CONFIRMED (negotiated severance package)
08/07/20  HappyCheerE (@55)           CONFIRMED
08/11/20  rab-bit's wife              CONFIRMED
08/14/20  BeanCounter @42             CONFIRMED
08/28/20  Albireo13 (@64)             CONFIRMED
08/28/20  MoneyTree's wife            CONFIRMED
08/31/20  fishnfool                   CONFIRMED (Accepted package from employer)
09/01/20  RetireAbroadAt35
09/04/20  Lucky13 (@44)               CONFIRMED
09/06/20  APowers (@31)               CONFIRMED COAST FIRE
09/09/20  ItsALongStory (@39)         CONFIRMED
09/17/20  Dan23                       CONFIRMED
09/30/20  Fresh Bread's husband
09/30/20  CoffeeAndDonuts             Given notice to employee
09/30/20  2sk22                       CONFIRMED
10/01/20  apurplelife                 Given Notice
10/01/20  rae09                       CONFIRMED
10/02/20  Farmgirl (@61)              CONFIRMED
10/02/20  CptCool                     CONFIRMED
10/02/20  FirePaddle (@41)            CONFIRMED
10/02/20  norajean                    CONFIRMED (accepted package from employer)
10/20/20  SpreadsheetMan              CONFIRMED
11/09or16/20  Unique User (@50)       Given notice
10/??/20  MarcherLady (or latest 12/31/20)
11/06/20  WYOGO
11/09/20  DireWolf's wife             Given Notice
11/10/20  exit2019
11/20/20  Alternatepriorities
12/01/20  FireLane (@38)
12/11/20  Freedomsaver (@38)
12/14/20  Megs123                     Given notice
12/17/20  honneyfill                  Given notice
12/31/20  Freedomin5 (@38)
12/31/20  Bateaux
12/31/20  Chris@TTL + Jenni
12/31/20  2sk22 (parttime out 2020)   Given notice
12/??/20  david_shin   
12/??/20  Nora (@42)   
12/??/20  TheFIExplorer
??/??/20  BlueMR2     
??/??/20  catccc   
??/??/20  DadzillaGorilla (FI@35, RE@40)   
??/??/20  FIREstache (@55)       
??/??/20  letsdoit   
??/??/20  onlykelsey     
??/??/20  tooqk4u22     
??/??/20  Fresh Bread
??/??/20? Gumption
??/??/20  Beeboy (@46)
??/??/20  robtown

 
To be decided:
SailingOnASmallSailboat's DH (@50/51)

OLY:   
meatgrinder   
Life in balance (end of 2019)
2Birds1Stone (autumn 2019)
Firebrand (second week of December 2019)
   
OMY:   
RedefinedHappiness   
FIREby2021 (Q1 2021)   
TheContinentalOp (2021)
Sand101
desk_jockey
Pennycounter (or maybe fall 2020)
JoJo (FIRE maybe March 2021, working 60%)
tipster350 (2021)
Rubyvroom
texxan1
MoneyTree
bownyboy (Probably, for mortgage reasons)
   
FIREing later:   
FIPurpose (date to decided)   
ToughMother (date to be decided)
GettingClose working 50% and not in management from 04/01/2020 for another year.
Katmandew (@54), parttime from 02/29/2020.
Itchyfeet, accepted new job.
EscapeVelocity2020 (FI in 2020, but will not RE)
BFGirl (2 more years, WFH)
FrugalAussie (@54)

Not fully FIREd, but partly.
01/01/20  Steevven1 (@29)             Working PT
03/07/20  Fresh Bread                 Swami
05/01/20  Much fishing to do          Working PT from home occasionally


« Last Edit: October 24, 2020, 09:36:53 AM by Linea_Norway »

MarcherLady

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Re: 2020 FIRE Cohort
« Reply #1902 on: October 01, 2020, 12:40:29 AM »
Hi all. I'm still hanging in hoping to be offered a redundancy package... I've been told it might happen in October, so I'm giving it a few more weeks. If it doesn't happen I'll be resigning anyway, so I hope to be done by 31/12 at the latest.

LightTripper

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Re: 2020 FIRE Cohort
« Reply #1903 on: October 01, 2020, 03:36:52 AM »
The big moment has finally arrived - as of tomorrow I'm finally done with work!

Congratulations @2sk22 .

And keeping everything crossed this really is OctGOber @MarcherLady !

2sk22

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Re: 2020 FIRE Cohort
« Reply #1904 on: October 01, 2020, 05:43:13 AM »
Congratulations @2sk22 .



Thanks - it all still feels a bit unreal. After so many years of continuous employment, this is going to take some getting used to :-)

LightTripper

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Re: 2020 FIRE Cohort
« Reply #1905 on: October 01, 2020, 06:34:03 AM »
Looking forward to hearing about how you find it!  I'm aiming for the same early next year and part excited, part terrified!

Lucky13

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Re: 2020 FIRE Cohort
« Reply #1906 on: October 02, 2020, 01:47:40 PM »
We now have 50 people CONFIRMED in our 2020 cohort! Go us!  :D

lemanfan

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Re: 2020 FIRE Cohort
« Reply #1907 on: October 02, 2020, 01:54:08 PM »
We now have 50 people CONFIRMED in our 2020 cohort! Go us!  :D

Yay!  Go us! 

It still feels weird not to have a regular income.  And I still avoid the question what I do.  :)

But go us!


Linea_Norway

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Re: 2020 FIRE Cohort
« Reply #1908 on: October 03, 2020, 02:28:55 AM »
We now have 50 people CONFIRMED in our 2020 cohort! Go us!  :D

Yay!  Go us! 

It still feels weird not to have a regular income.  And I still avoid the question what I do.  :)

But go us!

I can easily answer the question with that we are taking a year off. But next year we would like to move oyt into the country and many people have mentioned that it needs to be coordinated with a job. Then ai mumble something about working as a consultant from home. But I don't even find myself convincing.

norajean

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Re: 2020 FIRE Cohort
« Reply #1909 on: October 03, 2020, 05:39:34 AM »
I was planning for 2021 but the company offered a severance package (1 year of pay and health), so I bailed out early. Last day in the office was Oct 2.  Woo-hoo!

SailingOnASmallSailboat

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Re: 2020 FIRE Cohort
« Reply #1910 on: October 03, 2020, 06:29:47 AM »
DH has informed his boss that he's not working into 2021. Remains to be seen if the company lets him work out the rest of the year or requests a "fast divorce". I'll keep you all posted but we're in the 2020 cohort!

FlytilFIRE

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Re: 2020 FIRE Cohort
« Reply #1911 on: October 03, 2020, 07:01:35 AM »
Congratulations to all the recent Freedom Finders! I wish you many happy years of self directed life.

Linea_Norway

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Re: 2020 FIRE Cohort
« Reply #1912 on: October 03, 2020, 09:13:29 AM »
I was planning for 2021 but the company offered a severance package (1 year of pay and health), so I bailed out early. Last day in the office was Oct 2.  Woo-hoo!

Wow, what a great package. Congratulations!

Alternatepriorities

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Re: 2020 FIRE Cohort
« Reply #1913 on: October 03, 2020, 04:05:57 PM »
Over the past four months I've taken more and more advantage of our FI position to work on "other projects" rather than paying work. I've found it's a lot more acceptable to clients than just taking time off. Some of this summers projects have included: Sockeye - catching this years supply of red salmon, Ursa - the black bear i put in the freezer, project caribou involved both boating and hiking, and finally project Arbor - in which I cut and split enough firewood to last us the next three years and enough to get my father through this winter. There were also several weeks of declared vacations in there as well.

There have also been some weeks where I've done more than full time work. but it has me wondering if I can go hunting, fishing, back packing, or cut firewood whenever I want, am I already retired? Sure the IRP might complain, but I figured it could fly in these parts.

I'm trying to figure out what I want to add to my life, and it makes sense to me to keep earning a little money until I have something else I need that time for. DW still finds her work fulfilling so it's not yet the right time for slow travel. The biggest problem with continuing to work is the time I waste not working whenever I sit down at the computer. I should just get the project done and then go do something else, but I usually waste time procrastinating which leaves me feeling unsatisfied at the end of the day. It's never been a problem with work that isn't digital.

Linea_Norway

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Re: 2020 FIRE Cohort
« Reply #1914 on: October 04, 2020, 05:16:02 AM »
Over the past four months I've taken more and more advantage of our FI position to work on "other projects" rather than paying work. I've found it's a lot more acceptable to clients than just taking time off. Some of this summers projects have included: Sockeye - catching this years supply of red salmon, Ursa - the black bear i put in the freezer, project caribou involved both boating and hiking, and finally project Arbor - in which I cut and split enough firewood to last us the next three years and enough to get my father through this winter. There were also several weeks of declared vacations in there as well.

There have also been some weeks where I've done more than full time work. but it has me wondering if I can go hunting, fishing, back packing, or cut firewood whenever I want, am I already retired? Sure the IRP might complain, but I figured it could fly in these parts.

I'm trying to figure out what I want to add to my life, and it makes sense to me to keep earning a little money until I have something else I need that time for. DW still finds her work fulfilling so it's not yet the right time for slow travel. The biggest problem with continuing to work is the time I waste not working whenever I sit down at the computer. I should just get the project done and then go do something else, but I usually waste time procrastinating which leaves me feeling unsatisfied at the end of the day. It's never been a problem with work that isn't digital.

I don't feel bad after a bit of procrastinating during FIRE. I rather call it deserved relaxation after decades of working for the man. My ambitions on what to do on a day are much lower than they used to be. I generally find it enough to do one project/hobby a day for a couple of hours. The rest of the day is for the usual home tasks and for reading or some other form of relaxation. I do find it important to get some excersize, but don't mind skipping one day in between if the weather is like today, hard wind and lots of rain.

texxan1

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Re: 2020 FIRE Cohort
« Reply #1915 on: October 08, 2020, 10:22:19 PM »
I hate to leave this great group, but im going to have to slip into 1q 2021... .see ya,

FirePaddle

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Re: 2020 FIRE Cohort
« Reply #1916 on: October 09, 2020, 12:42:18 AM »
I'm confirmed! Just ending my first week of FIRE! It's still weird, but wonderful. Now I need to find the thread where the rookie FIRE folks discuss the wonderful oddness of filling your own time!

Linea_Norway

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Re: 2020 FIRE Cohort
« Reply #1917 on: October 10, 2020, 02:29:11 AM »
I hate to leave this great group, but im going to have to slip into 1q 2021... .see ya,

Good luck. Working a few months longer shouldn't be too hard.

Linea_Norway

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Re: 2020 FIRE Cohort
« Reply #1918 on: October 10, 2020, 02:33:52 AM »
I'm confirmed! Just ending my first week of FIRE! It's still weird, but wonderful. Now I need to find the thread where the rookie FIRE folks discuss the wonderful oddness of filling your own time!

This thread contains a lot of rookie FIREd people.
I feel like every day is a weekend day, but without all the crowds that are usually slipped loose in the weekends. Although covit has caused more people to be outside more often.
Every day I can sleep as long as what feels natural for me and I can go to bed in the evening independent of the clock.

honeyfill

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Re: 2020 FIRE Cohort
« Reply #1919 on: October 10, 2020, 11:51:46 AM »
Just wanted to update my final date. 
My last day working will be Dec 17.  The company goes on (full  pay)Christmas shutdown through the end of the year, so I will come in on Jan 4 to turn in my computer and phone.  Also, by "working " one day in Jan, health insurance gets paid for all of Jan and I get a months worth of extra vacation days. 
I am calling Dec 17th my final day.  and staying in the 2020  cohort.

Alternatepriorities

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Re: 2020 FIRE Cohort
« Reply #1920 on: October 10, 2020, 12:22:55 PM »
Just wanted to update my final date. 
My last day working will be Dec 17.  The company goes on (full  pay)Christmas shutdown through the end of the year, so I will come in on Jan 4 to turn in my computer and phone.  Also, by "working " one day in Jan, health insurance gets paid for all of Jan and I get a months worth of extra vacation days. 
I am calling Dec 17th my final day.  and staying in the 2020  cohort.

Congratulations on playing your hand perfectly.

Freedomin5

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Re: 2020 FIRE Cohort
« Reply #1921 on: October 10, 2020, 07:10:25 PM »
Just wanted to update my final date. 
My last day working will be Dec 17.  The company goes on (full  pay)Christmas shutdown through the end of the year, so I will come in on Jan 4 to turn in my computer and phone.  Also, by "working " one day in Jan, health insurance gets paid for all of Jan and I get a months worth of extra vacation days. 
I am calling Dec 17th my final day.  and staying in the 2020  cohort.

Very nice! Congratulations!

honeyfill

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Re: 2020 FIRE Cohort
« Reply #1922 on: October 13, 2020, 08:51:44 AM »
I just counted up the days.  My last work day is Dec 17 but I am counting until Jan 4 because that is when I go in to drop off my computer and phone.
So 84 days total.  but only 32 work days after taking off the weekends, company holidays, comp time  and PTO . It is getting close!

DireWolf

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Re: 2020 FIRE Cohort
« Reply #1923 on: October 13, 2020, 09:25:58 AM »
I was in the 2019 cohort, but MrsDireWolf wasnít ready to stop working yet. After seeing our financials get stronger and stronger and seeing me enjoying my days without the stress of working, she finally gave her notice yesterday. November 9th is her final day.

Weíll retroactively get COBRA for December if we need to, and go on an ACA plan in January. SCOTUS could derail our plans, but weíll deal with that if we have to.

SailingOnASmallSailboat

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Re: 2020 FIRE Cohort
« Reply #1924 on: October 13, 2020, 01:05:10 PM »
I was planning for 2021 but the company offered a severance package (1 year of pay and health), so I bailed out early. Last day in the office was Oct 2.  Woo-hoo!

Fantastic!!! Congratulations!

ItsALongStory

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Re: 2020 FIRE Cohort
« Reply #1925 on: October 14, 2020, 01:20:24 AM »
I just counted up the days.  My last work day is Dec 17 but I am counting until Jan 4 because that is when I go in to drop off my computer and phone.
So 84 days total.  but only 32 work days after taking off the weekends, company holidays, comp time  and PTO . It is getting close!
Should have worked 2 more weeks to get an extra year of soc sec credits unless you will have worked the years required with higher income  :-)

sherr

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Re: 2020 FIRE Cohort
« Reply #1926 on: October 14, 2020, 07:52:47 AM »
I just counted up the days.  My last work day is Dec 17 but I am counting until Jan 4 because that is when I go in to drop off my computer and phone.
So 84 days total.  but only 32 work days after taking off the weekends, company holidays, comp time  and PTO . It is getting close!
Should have worked 2 more weeks to get an extra year of soc sec credits unless you will have worked the years required with higher income  :-)

Unless I'm missing something Social Security only cares about what your income was for that year (eg how much social secuirty tax you paid that year), not if you technically worked on Jan 1st or not. Working an extra two weeks would have made no difference to his SS payout.

MoneyTree

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Re: 2020 FIRE Cohort
« Reply #1927 on: October 14, 2020, 01:59:44 PM »
Love hearing the stories of those who are confirmed FIRE!

Unfortunately I will not be joining you all this year and will be OMYing into the 2021 cohort. There are significant life changes coming up, so I'll have to revise my target number and also see what happens with healthcare options in the coming year.

Good luck all, keep the stories coming!

Unique User

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Re: 2020 FIRE Cohort
« Reply #1928 on: October 16, 2020, 09:11:52 AM »
My last day was supposed to be Monday, but I was asked to stay on for 3-4 more weeks tying up a few loose ends at 10-15 hours a week.  I've given notice though, so will be up to me to let HR know my official last day either Nov 9th or 16th.  Working only 10-15 hours will feel like I'm done!  DH plans to give notice the first or second week of December, he had a small heart attack in July and wants to wait until his follow up with the cardiologist the first week of Dec.  He's also hoping for some type of layoff package that includes health benefits.  His division revenue is down over 60% due to covid and supply chain disruptions, looking at the numbers it's hard to understand why his company didn't lay off most of the division months ago. 

ItsALongStory

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Re: 2020 FIRE Cohort
« Reply #1929 on: October 17, 2020, 04:08:51 AM »
I just counted up the days.  My last work day is Dec 17 but I am counting until Jan 4 because that is when I go in to drop off my computer and phone.
So 84 days total.  but only 32 work days after taking off the weekends, company holidays, comp time  and PTO . It is getting close!
Should have worked 2 more weeks to get an extra year of soc sec credits unless you will have worked the years required with higher income  :-)

Unless I'm missing something Social Security only cares about what your income was for that year (eg how much social secuirty tax you paid that year), not if you technically worked on Jan 1st or not. Working an extra two weeks would have made no difference to his SS payout.

I personally dont have anywhere near a full SS career so earning 4 credits would have probably made a worthwhile difference but I certainly agree that for most people this doesn't make a difference unless it replaces a year with 0 income

sherr

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Re: 2020 FIRE Cohort
« Reply #1930 on: October 17, 2020, 10:45:00 AM »
I just counted up the days.  My last work day is Dec 17 but I am counting until Jan 4 because that is when I go in to drop off my computer and phone.
So 84 days total.  but only 32 work days after taking off the weekends, company holidays, comp time  and PTO . It is getting close!
Should have worked 2 more weeks to get an extra year of soc sec credits unless you will have worked the years required with higher income  :-)

Unless I'm missing something Social Security only cares about what your income was for that year (eg how much social secuirty tax you paid that year), not if you technically worked on Jan 1st or not. Working an extra two weeks would have made no difference to his SS payout.

I personally dont have anywhere near a full SS career so earning 4 credits would have probably made a worthwhile difference but I certainly agree that for most people this doesn't make a difference unless it replaces a year with 0 income

One of us does not understand the other, and I'm not sure which it is. :)

I'm saying that working an extra two weeks so that you're employed on Jan 1st would not do anything except increase your pay by an extra 2/52 % for the previous year, and whatever negligible effect that has on our SS payout. How much do you make in a day, maybe $400? So then working one day into the next year would replace a $0 year with a $400 year, which does nothing for your SS payout.

I mean I guess that's not exactly it because what really matters is in which year you get your paycheck and how much it's for, but the same logic applies. There's no benefit to working "an extra year" of you only make a few bucks that whole year, it's all proportional to how much you paid in SS tax.
« Last Edit: October 17, 2020, 10:47:52 AM by sherr »

tawyer

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Re: 2020 FIRE Cohort
« Reply #1931 on: October 17, 2020, 11:38:36 AM »
I just counted up the days.  My last work day is Dec 17 but I am counting until Jan 4 because that is when I go in to drop off my computer and phone.
So 84 days total.  but only 32 work days after taking off the weekends, company holidays, comp time  and PTO . It is getting close!
Should have worked 2 more weeks to get an extra year of soc sec credits unless you will have worked the years required with higher income  :-)

Unless I'm missing something Social Security only cares about what your income was for that year (eg how much social secuirty tax you paid that year), not if you technically worked on Jan 1st or not. Working an extra two weeks would have made no difference to his SS payout.

I personally dont have anywhere near a full SS career so earning 4 credits would have probably made a worthwhile difference but I certainly agree that for most people this doesn't make a difference unless it replaces a year with 0 income

One of us does not understand the other, and I'm not sure which it is. :)

I'm saying that working an extra two weeks so that you're employed on Jan 1st would not do anything except increase your pay by an extra 2/52 % for the previous year, and whatever negligible effect that has on our SS payout. How much do you make in a day, maybe $400? So then working one day into the next year would replace a $0 year with a $400 year, which does nothing for your SS payout.

I mean I guess that's not exactly it because what really matters is in which year you get your paycheck and how much it's for, but the same logic applies. There's no benefit to working "an extra year" of you only make a few bucks that whole year, it's all proportional to how much you paid in SS tax.

"In 2020, you receive one credit for each $1,410 of earnings, up to the maximum of four credits per year." [1]

If you already have 40 credits, the difference that extra two weeks makes is likely of trivial importance.

If you have 36-39 credits, then those two weeks could be the deciding factor in whether or not you get any social security payment at all. If you've earned the kind of money that makes early retirement possible and are pursuing it, that payout is probably around $12000 per year in today's dollars, effectively boosting your future stash by $300K at 4% SWR.

[1] https://www.ssa.gov/pubs/EN-05-10072.pdf

ItsALongStory

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Re: 2020 FIRE Cohort
« Reply #1932 on: October 18, 2020, 12:59:48 AM »
Makes sense, thanks. I clearly didn't run the numbers.

My thought process was to work up to the 4 credits which only make sense if you're below the 40 credit threshold which very few people are.

bownyboy

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Re: 2020 FIRE Cohort
« Reply #1933 on: October 18, 2020, 03:27:11 AM »
So it looks like I may have to bump into the 2021 cohort. Our five year mortgage fix expires on January 31st 2021 and my current work contract finishes December 31st 2020.

I called our mortgage company and they said they will contact me 8 weeks before to discuss remortgage options.

However as a contractor, UK mortgage companies require a minimum amount left on your contract to consider you and Iíll most likely need another contract in order to proceed (assuming I can get one in this current climate!).

Worst case scenario is we roll onto their standard variable rate which is 3.69% rather than something like 1.4% for another 5 year fix.

Ho hum...

sherr

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Re: 2020 FIRE Cohort
« Reply #1934 on: October 19, 2020, 07:52:32 AM »
"In 2020, you receive one credit for each $1,410 of earnings, up to the maximum of four credits per year." [1]

If you already have 40 credits, the difference that extra two weeks makes is likely of trivial importance.

If you have 36-39 credits, then those two weeks could be the deciding factor in whether or not you get any social security payment at all. If you've earned the kind of money that makes early retirement possible and are pursuing it, that payout is probably around $12000 per year in today's dollars, effectively boosting your future stash by $300K at 4% SWR.

[1] https://www.ssa.gov/pubs/EN-05-10072.pdf

Ah, this was the piece I was missing, thank you. So basically you have to have had a 10-year career to qualify for SS at all. If you're at 9 years, then yes it's definitely worth it to work a few more weeks into the next year to get those credits. Yep, I agree completely now.

SpreadsheetMan

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Re: 2020 FIRE Cohort
« Reply #1935 on: October 20, 2020, 01:37:34 AM »
Managed to negotiate my voluntary redundancy, so that is it - done.

Somewhere between a third and half of my companies workforce are being fired since my sector has been destroyed by COVID. I feel sorry for the people that are going through the consultation period formalities before being dumped into a situation where there are literally no jobs at all in their field. Iím just very glad that I was at the end of my career and can afford to walk away.

I have a long notice period so my official last day is 6th May 2021, but I have no work to do so am effectively on paid leave as of now. It feels weird to have a resolution, Iíve been on furlough since March and that has been a strange and unsettling limbo.

Linea_Norway

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Re: 2020 FIRE Cohort
« Reply #1936 on: October 20, 2020, 02:41:27 AM »
Managed to negotiate my voluntary redundancy, so that is it - done.

Somewhere between a third and half of my companies workforce are being fired since my sector has been destroyed by COVID. I feel sorry for the people that are going through the consultation period formalities before being dumped into a situation where there are literally no jobs at all in their field. Iím just very glad that I was at the end of my career and can afford to walk away.

I have a long notice period so my official last day is 6th May 2021, but I have no work to do so am effectively on paid leave as of now. It feels weird to have a resolution, Iíve been on furlough since March and that has been a strange and unsettling limbo.

Maybe thanks to your voluntary leave, one of your coworkers will not be fired by the company.

SpreadsheetMan

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Re: 2020 FIRE Cohort
« Reply #1937 on: October 20, 2020, 03:18:02 AM »
Managed to negotiate my voluntary redundancy, so that is it - done.

Somewhere between a third and half of my companies workforce are being fired since my sector has been destroyed by COVID. I feel sorry for the people that are going through the consultation period formalities before being dumped into a situation where there are literally no jobs at all in their field. Iím just very glad that I was at the end of my career and can afford to walk away.

I have a long notice period so my official last day is 6th May 2021, but I have no work to do so am effectively on paid leave as of now. It feels weird to have a resolution, Iíve been on furlough since March and that has been a strange and unsettling limbo.

Maybe thanks to your voluntary leave, one of your coworkers will not be fired by the company.
I hope so. Itís a rough time to be looking for a job.

rae09

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Re: 2020 FIRE Cohort
« Reply #1938 on: October 20, 2020, 06:06:56 PM »
I FIREd as of 10/1. I still have small project (less than 15 hrs/mo) but mostly FIRE.

tawyer

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Re: 2020 FIRE Cohort
« Reply #1939 on: October 20, 2020, 10:06:08 PM »
I FIREd as of 10/1. I still have small project (less than 15 hrs/mo) but mostly FIRE.
Congrats!

Linea_Norway

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Re: 2020 FIRE Cohort
« Reply #1940 on: October 21, 2020, 05:16:50 AM »
I FIREd as of 10/1. I still have small project (less than 15 hrs/mo) but mostly FIRE.

Congrats and welcome to the cohort.

SailingOnASmallSailboat

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Re: 2020 FIRE Cohort
« Reply #1941 on: October 21, 2020, 10:36:53 AM »
I FIREd as of 10/1. I still have small project (less than 15 hrs/mo) but mostly FIRE.

Congratulations!

Farmgirl

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Re: 2020 FIRE Cohort
« Reply #1942 on: October 21, 2020, 02:39:12 PM »
Checking in to let the group know my last day was October 2. They gave me a lovely send off and Iíve been collecting unused vacation checks with this Friday being the last one. Donít miss work one little bit!

pdxvandal

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Re: 2020 FIRE Cohort
« Reply #1943 on: October 21, 2020, 02:59:17 PM »
As far as quitting first week of January, I imagine one would have built up a lot of vaca/sick time that can be cashed out to the tune of $15-$30k, which would be 2021 SS earnings.

Anyway, congrats to the 2020 FIRE grads and soon-to-be 2021 grads.

Freedomin5

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Re: 2020 FIRE Cohort
« Reply #1944 on: October 21, 2020, 04:48:58 PM »
Our company just announced that they will be laying off between 5-10% of the workforce (including natural attrition). It really puts the fire under me to continue saving as much as possible to bring us to FIRE ASAP.

Linea_Norway

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Re: 2020 FIRE Cohort
« Reply #1945 on: October 22, 2020, 10:49:34 AM »
Checking in to let the group know my last day was October 2. They gave me a lovely send off and Iíve been collecting unused vacation checks with this Friday being the last one. Donít miss work one little bit!

Good for you!

FrugalAussie

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Re: 2020 FIRE Cohort
« Reply #1946 on: October 23, 2020, 03:40:47 PM »
I'll not be FIRE'd this year.  I resigned from one job, with a lot of notice as it's difficult to replace my skills set, it took two recruitment rounds. As retirement got closer I started to sweat so I've now taken on a 6 month Maternity Leave contract locally.  My commute has reduced from 2 hours +/day to about 30 minutes and I won't be managing employees, just my own self, so I'm hoping I can get a good work/life thing happening.  Time will tell.  I really appreciate the freedom that FI provides.  Good luck with your FIRE'd life everyone!

Linea_Norway

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Re: 2020 FIRE Cohort
« Reply #1947 on: October 24, 2020, 09:37:54 AM »
I'll not be FIRE'd this year.  I resigned from one job, with a lot of notice as it's difficult to replace my skills set, it took two recruitment rounds. As retirement got closer I started to sweat so I've now taken on a 6 month Maternity Leave contract locally.  My commute has reduced from 2 hours +/day to about 30 minutes and I won't be managing employees, just my own self, so I'm hoping I can get a good work/life thing happening.  Time will tell.  I really appreciate the freedom that FI provides.  Good luck with your FIRE'd life everyone!

Good luck to you as well!

achvfi

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Re: 2020 FIRE Cohort
« Reply #1948 on: October 25, 2020, 02:58:43 PM »
I am not part of this cohort,  posting to follow.

Cheers to all in this cohort. Good luck.

John Galt incarnate!

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Re: 2020 FIRE Cohort
« Reply #1949 on: October 25, 2020, 03:22:32 PM »


This thread contains a lot of rookie FIREd people.
I feel like every day is a weekend day, but without all the crowds that are usually slipped loose in the weekends. Although covit has caused more people to be outside more often.
Every day I can sleep as long as what feels natural for me and I can go to bed in the evening independent of the clock.

When asked what FIREtirement is like I have actually replied "Every day is Sunday."

Sleeping when YOU want to  for as long as YOU like is one of many benefits of FIRE.

BTW, I don't recall congratulating you for achieving FIRE.

Good for you for FIREing!

« Last Edit: October 25, 2020, 03:24:09 PM by John Galt incarnate! »