Author Topic: 2020 FIRE Cohort  (Read 139806 times)

Freedomin5

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Re: 2020 FIRE Cohort
« Reply #650 on: February 08, 2019, 10:36:37 PM »
After spending several months in the 7x% to FI, we are finally over 80% to FI! (No RE for us...we both recently signed another 2 to 3 year contract. The benefits were too good to pass up.)

Linea_Norway

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Re: 2020 FIRE Cohort
« Reply #651 on: February 14, 2019, 02:52:28 AM »
Yesterday my DH told the most qualified employee under his leadership that he plans to not be in this leading position within 5 years from now. He suggested that the employee would start thinking about whether he would like to take over that position when the time arrives. DH didn't mention the year 2020 yet. Of course, it is DH's boss who will decide who will be DH's replacement, but at least the employee now knows that there is a carreer opportunity for him in a few years.

DH would feel better to quit if he knows there is a good person available to take over his job.

DH is also planning to tell his boss the same thing soon.

robtown

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Re: 2020 FIRE Cohort
« Reply #652 on: February 23, 2019, 02:28:12 PM »
Put me down for 4/6/2020.   It may end up 12/31/2020  depending on if I take a new job or am able to drop down to a 4 day workweek where I work now.

Linea_Norway

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Re: 2020 FIRE Cohort
« Reply #653 on: February 24, 2019, 11:59:54 PM »
2020 cohort members:

??/2020     apurplelife   
08/2020     Bateaux
12/2020     BFGirl
??/2020     BlueMR2   
??/2020     catccc   
12/2020     david_shin
12/202?     desk_jockey
04/2020     DreamFIRE
10/2020     Farmgirl
??/2020     FIREby2021
??/2020     FireLane
??/2020     Freedomin5   
??/202?     Gumption
06/2020     ixtap
??/2020     letsdoit
??/2020     LadyMaWhiskers
10/2020     Linea_Norway
10/2020     Maenad
12/202?     meatgrinder
12/2020     MoneyTree
??/2020     onlykelsey   
04/2020     Pennycounter
03/2020     rab-bit
05/2020     Rcc
05/2020     RedefinedHappiness   
04/2020     robtown (maybe 12/31/2020)
10/2020     Rubyvroom
04/2020     TheContinaltalOp
11/2020.    ToughMother
??/2020     tooqk4u22   
05/2020     Unique User (maybe 06/2020)
12/2020     ysette9

OLY:
2Birds1Stone

FIREing later:
FIPurpose (date t.b.d.)

@CryingInThePool: welcome?
« Last Edit: March 19, 2019, 07:41:56 AM by Linea_Norway »

ixtap

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Re: 2020 FIRE Cohort
« Reply #654 on: February 26, 2019, 01:55:41 PM »
2020 cohort members:

??/2020     apurplelife   
08/2020     Bateaux
12/2020     BFGirl
??/2020     BlueMR2   
??/2020     catccc   
12/2020     david_shin
12/202?     desk_jockey
04/2020     DreamFIRE
10/2020     Farmgirl
??/2020     FIREby2021
??/2020     FireLane
??/2020     Freedomin5   
??/202?     Gumption
06/2020     ixtap
??/2020     letsdoit
??/2020     LadyMaWhiskers
10/2020     Linda_Norway
10/2020     Maenad
12/202?     meatgrinder
12/2020     MoneyTree
??/2020     onlykelsey   
04/2020     Pennycounter
03/2020     rab-bit
05/2020     Rcc
05/2020     RedefinedHappiness   
04/2020     robtown (maybe 12/31/2020)
10/2020     Rubyvroom
04/2020     TheContinaltalOp
11/2020.    ToughMother
??/2020     tooqk4u22   
05/2020     Unique User (maybe 06/2020)
12/2020     ysette9

OLY:
2Birds1Stone

FIREing later:
FIPurpose (date t.b.d.)

@CryingInThePool: welcome?

DH is going full bogleheads and doubling our pot for retirement. This especially conservative because if all goes according to plan we should spend significantly less than average the first 5 years or so, thus mitigating sequence of returns risks. I am considering going back to work later this year, even though my income will likely be less than his bonus.

Freedomin5

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Re: 2020 FIRE Cohort
« Reply #655 on: February 26, 2019, 03:32:18 PM »
@ixtap Then why go back?

ixtap

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Re: 2020 FIRE Cohort
« Reply #656 on: February 26, 2019, 03:52:43 PM »
@ixtap Then why go back?

It would shave a few months off. I am still undecided, as I just hurt my back this week, reminding me of the limitations of any work.
« Last Edit: February 26, 2019, 04:33:23 PM by ixtap »

aspiringnomad

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Re: 2020 FIRE Cohort
« Reply #657 on: February 26, 2019, 11:07:24 PM »
Please pencil me in for 02/2020. Iím moving forward from the 2022 cohort thanks to better than expected market performance and a stronger than expected desire to do something else with my life.

Linea_Norway

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Re: 2020 FIRE Cohort
« Reply #658 on: February 27, 2019, 12:24:32 AM »
2020 cohort members:

??/2020     apurplelife
02/2020     aspiringnomad
08/2020     Bateaux
12/2020     BFGirl
??/2020     BlueMR2   
??/2020     catccc   
12/2020     david_shin
12/202?     desk_jockey
04/2020     DreamFIRE
10/2020     Farmgirl
??/2020     FIREby2021
??/2020     FireLane
??/2020     Freedomin5   
??/202?     Gumption
06/2020     ixtap (date uncertain)
??/2020     letsdoit
??/2020     LadyMaWhiskers
10/2020     Linea_Norway
10/2020     Maenad
12/202?     meatgrinder
12/2020     MoneyTree
??/2020     onlykelsey   
04/2020     Pennycounter
03/2020     rab-bit
05/2020     Rcc
05/2020     RedefinedHappiness   
04/2020     robtown (maybe 12/31/2020)
10/2020     Rubyvroom
04/2020     TheContinaltalOp
11/2020.    ToughMother
??/2020     tooqk4u22   
05/2020     Unique User (maybe 06/2020)
12/2020     ysette9

OLY:
2Birds1Stone

FIREing later:
FIPurpose (date t.b.d.)

« Last Edit: March 19, 2019, 07:42:13 AM by Linea_Norway »

TheContinentalOp

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Re: 2020 FIRE Cohort
« Reply #659 on: March 01, 2019, 06:59:48 AM »
13 months out and I am at 100.25% of my FIRE target.

Considering OMY depending on

1. How I feel about my job
2. Investment returns over the next year
3. The state of the individual health insurance market
4. How my writing career is going (Made my first professional sale last month)

BFGirl

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Re: 2020 FIRE Cohort
« Reply #660 on: March 01, 2019, 11:31:25 AM »
671 days...

Linea_Norway

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Re: 2020 FIRE Cohort
« Reply #661 on: March 01, 2019, 12:07:32 PM »
671 days...

Maybe you should count working days. Then the number willbe smaller.

BFGirl

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Re: 2020 FIRE Cohort
« Reply #662 on: March 01, 2019, 12:15:08 PM »
671 days...

Maybe you should count working days. Then the number willbe smaller.

Nah...this is the number of days until I hopefully don't even have to think about work.  ;)

bluebelle

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Re: 2020 FIRE Cohort
« Reply #663 on: March 01, 2019, 02:07:12 PM »
671 days...

Maybe you should count working days. Then the number willbe smaller.

Nah...this is the number of days until I hopefully don't even have to think about work.  ;)
there are approximately 220 'work' days in a calendar year.  So 671 work days would put you well into 2021.   I think that was the point.

bluebelle

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Re: 2020 FIRE Cohort
« Reply #664 on: March 01, 2019, 02:44:05 PM »
I'm not sure that I've 'officially' joined the 2020 cohort.  I'd like to throw my hat in. 
Although my OMY might take me to March 2021 to get a nice bonus and restricted share vesting, I don't think we'll need the extra money, but it's hard to walk away from it when I don't find my job unbearable. 
DH is definately retiring 2020 and we're moving.  I work from home so I can work anywhere.  Our retirement home we're building will be done the spring 2020, and I do not want to own two homes any longer than necessary, so he will definately be done (and he's so ready to go).  I'm the higher income earner anyway.  I like my job, enjoy the mental stimulation.   We plan to be in that house 30+ years, so if I have to work an extra 6 months at a job I like to have things the way I want, I'm okay with it.   Although, I think we have more than enough now, I'm a worrier, and would rather be over-prepared.....

Linea_Norway

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Re: 2020 FIRE Cohort
« Reply #665 on: March 01, 2019, 07:18:36 PM »
I'm not sure that I've 'officially' joined the 2020 cohort.  I'd like to throw my hat in. 
Although my OMY might take me to March 2021 to get a nice bonus and restricted share vesting, I don't think we'll need the extra money, but it's hard to walk away from it when I don't find my job unbearable. 
DH is definately retiring 2020 and we're moving.  I work from home so I can work anywhere.  Our retirement home we're building will be done the spring 2020, and I do not want to own two homes any longer than necessary, so he will definately be done (and he's so ready to go).  I'm the higher income earner anyway.  I like my job, enjoy the mental stimulation.   We plan to be in that house 30+ years, so if I have to work an extra 6 months at a job I like to have things the way I want, I'm okay with it.   Although, I think we have more than enough now, I'm a worrier, and would rather be over-prepared.....

Sounds like a good plan. And being able to work from home is better than working in an office with noise and commuting.

Maenad

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Re: 2020 FIRE Cohort
« Reply #666 on: March 02, 2019, 08:08:27 AM »
Woo hoo! As of the end of yesterday we're at 90% FI. Forecast is to hit full FI sometime in the 4th quarter, with RE between April and October 2020. I'll keep the October number on this thread probably until the beginning of 2020, when we'll likely be able to narrow it down more.

bluebelle

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Re: 2020 FIRE Cohort
« Reply #667 on: March 02, 2019, 09:29:09 AM »
I'm not sure that I've 'officially' joined the 2020 cohort.  I'd like to throw my hat in. 
Although my OMY might take me to March 2021 to get a nice bonus and restricted share vesting, I don't think we'll need the extra money, but it's hard to walk away from it when I don't find my job unbearable. 
DH is definately retiring 2020 and we're moving.  I work from home so I can work anywhere.  Our retirement home we're building will be done the spring 2020, and I do not want to own two homes any longer than necessary, so he will definately be done (and he's so ready to go).  I'm the higher income earner anyway.  I like my job, enjoy the mental stimulation.   We plan to be in that house 30+ years, so if I have to work an extra 6 months at a job I like to have things the way I want, I'm okay with it.   Although, I think we have more than enough now, I'm a worrier, and would rather be over-prepared.....
thank you Linda.....I know I shouldn't need external validation, but I do.....and it's something I can't really discuss in real life. 

Sounds like a good plan. And being able to work from home is better than working in an office with noise and commuting.
« Last Edit: March 02, 2019, 09:36:09 AM by bluebelle »

Linea_Norway

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Re: 2020 FIRE Cohort
« Reply #668 on: March 02, 2019, 09:34:05 AM »
Woo hoo! As of the end of yesterday we're at 90% FI. Forecast is to hit full FI sometime in the 4th quarter, with RE between April and October 2020. I'll keep the October number on this thread probably until the beginning of 2020, when we'll likely be able to narrow it down more.

Congrats on the 90%
« Last Edit: March 02, 2019, 09:36:00 AM by Linda_Norway »

itchyfeet

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Re: 2020 FIRE Cohort
« Reply #669 on: March 02, 2019, 11:08:53 AM »
Woo hoo! As of the end of yesterday we're at 90% FI. Forecast is to hit full FI sometime in the 4th quarter, with RE between April and October 2020. I'll keep the October number on this thread probably until the beginning of 2020, when we'll likely be able to narrow it down more.

Congrats on the 90%

Yeah congrats of 90%.

 I have my fingers crossed that with receipt of my annual bonus this month that we will be at 90% before the end of March.... again.... we first topped 90% last August, but stumbled back down to 85% in Q4 last year.

robtown

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Re: 2020 FIRE Cohort
« Reply #670 on: March 02, 2019, 05:30:57 PM »
I've made my first step toward winding down.    Between 2 weeks and 2 months from now I'm cutting back to 32 hour / 4 day workweeks.  I'll still get 3 weeks vacation and 10 federal holidays, but pay will be cut 20%.   I am looking forward to some 4 day weekends.

A friend made me an offer that equated to the same salary but $10k more in 401k and 5 more days leave (5 weeks).   It also included overseas travel and some other perks.   The deciding point was whether my current company would come trough on a 4 day workweek,  and they did.

In April 2020 I'll  either retire or drop to 3 day workweek until some time in December.

Linea_Norway

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Re: 2020 FIRE Cohort
« Reply #671 on: March 03, 2019, 12:13:15 AM »
I've made my first step toward winding down.    Between 2 weeks and 2 months from now I'm cutting back to 32 hour / 4 day workweeks.  I'll still get 3 weeks vacation and 10 federal holidays, but pay will be cut 20%.   I am looking forward to some 4 day weekends.

A friend made me an offer that equated to the same salary but $10k more in 401k and 5 more days leave (5 weeks).   It also included overseas travel and some other perks.   The deciding point was whether my current company would come trough on a 4 day workweek,  and they did.

In April 2020 I'll  either retire or drop to 3 day workweek until some time in December.

Welcome to the club. You are increasing your weekend by 50%, which is a lot.
My weekend have become way more relaxed now with that extra day.

And the 20% less pay, is pre-tax. In our case, the highest income rates have the higest tax bracket. So the nett difference in oay is less than 20%, more like 15%. I am noticing the biggest difference financially in missing out on the higest bracket for company-paid pension contributions.

FIREby2021

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Re: 2020 FIRE Cohort
« Reply #672 on: March 03, 2019, 09:27:57 AM »
Hey 2020 people!  Two months into 2019 and so far it seems the market is following the "to the moon" route after our Q4-2018 drawdown (how soon we forget!).  I expect sentiment to swing back & forth for some time before we continue grinding higher ... in the meantime, we enjoy each month as it comes and stick to the process.  Hope you all had a nice February!

February Highlights:

- Work: Took another business trip to India; have been enjoying this route every six months or so ... great people, and we are hoping to stitch on a vacation to the back-end of one of these business trips in the future!  Also going through a change with team structures at the office; I will have a new manager in Q2-2019.  Should be a good fit, and I'm hoping for continued autonomy!

- Health: Staying consistent w/my regimen of weight training mixed w/high-intensity work and yoga sessions ... I've met my goal weight and enjoy how I'm feeling now that I've been at this for about a year.  Next month I get my annual physical which will also be good information.

- It is so nice being mortgage free (future FIRE home)!!!

- Savings:  Met all our goals, and wow did the market ever perform in our favor this month!  YTD we have seen the needle move >5% in our favor toward reaching our ultimate FI goal!  Pretty crazy; I expect that to slow for the rest of this year.

- Countdown:  If you've been following along, our 'original' target was Q1-2021 and we've been pursuing a path toward Q1-2020.  Current math tells us we should reach FI by Q3-2020.  If so, we have lots of incentive to work two extra quarters into early 2021.  It also ties to deciding whether or not to lease our FIRE home out for another term after this summer so it doesn't sit empty.  Decisions and pros / cons that we will roll around with this year as we watch the market do its thing.

EOY 2015 = 53.8%
EOY 2016 = 67.8%
EOY 2017 = 75.5%
EOY 2018 = 81.6%


// FI target defined as 3.75% SWR, mortgage-free + giving/lump sum fund //

END OF MONTH PROGRESS:
JAN 2019  84.5%
FEB 2019  86.9%

Have a great weekend, we are off to a great start for 2019!

FIREby2021

FIREby2021

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Re: 2020 FIRE Cohort
« Reply #673 on: March 03, 2019, 09:38:03 AM »
Woo hoo! As of the end of yesterday we're at 90% FI. Forecast is to hit full FI sometime in the 4th quarter, with RE between April and October 2020. I'll keep the October number on this thread probably until the beginning of 2020, when we'll likely be able to narrow it down more.

Nice on the 90%!!

That's gotta be a motivating number to see, we hope to join you in that club at some point later this year :-)

Sort of random, but we spent 14 months in the "60s", 12 months in the "70s", and 9 months so far in the "80s" ... it's fun to look back on that journey.

FireLane

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Re: 2020 FIRE Cohort
« Reply #674 on: March 03, 2019, 07:19:09 PM »
I've made my first step toward winding down.    Between 2 weeks and 2 months from now I'm cutting back to 32 hour / 4 day workweeks.  I'll still get 3 weeks vacation and 10 federal holidays, but pay will be cut 20%.   I am looking forward to some 4 day weekends.

[...]

In April 2020 I'll  either retire or drop to 3 day workweek until some time in December.

Congrats on going part-time, and welcome to the club! It makes work so much more tolerable, I should have done it long ago.

I'm thinking the same as you. If I hit my number in 2020, as I'm expecting, I may ask to go down to 3-day weeks. If they say no, I'll just quit, which I was planning to do anyway. If they say yes, I'll try that out for a while and see how it feels. It would be nice to not be at the mercy of the market for health insurance, and it'll give my stash a little more time to grow without interference.

rab-bit

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Re: 2020 FIRE Cohort
« Reply #675 on: March 04, 2019, 07:26:33 AM »
I've made my first step toward winding down.    Between 2 weeks and 2 months from now I'm cutting back to 32 hour / 4 day workweeks.  I'll still get 3 weeks vacation and 10 federal holidays, but pay will be cut 20%.   I am looking forward to some 4 day weekends.

[...]

In April 2020 I'll  either retire or drop to 3 day workweek until some time in December.

Congrats on going part-time, and welcome to the club! It makes work so much more tolerable, I should have done it long ago.

I'm thinking the same as you. If I hit my number in 2020, as I'm expecting, I may ask to go down to 3-day weeks. If they say no, I'll just quit, which I was planning to do anyway. If they say yes, I'll try that out for a while and see how it feels. It would be nice to not be at the mercy of the market for health insurance, and it'll give my stash a little more time to grow without interference.

This is my plan also. Shortly after 2020 begins, I'll request a 3-day workweek and do that for 1-3 years depending on how well it's working. And if they say no, I'll just quit.

DW recently requested part-time (3 days per week) and is supposed to get an answer today.

Even if we were both working 3 days per week, we'd still be earning nearly twice our living expenses. If I thought I could do 2-day weeks, I'd probably do that, but my employer requires at least 24 hours per week for health insurance coverage.

ysette9

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Re: 2020 FIRE Cohort
« Reply #676 on: March 04, 2019, 09:57:08 AM »
Congrats on 86 and 90% numbers! Those are great. I did a quick calculation for us yesterday and we are at 76% which isn’t as impressive. 2020 is probably a stretch but I’m mentally burned out enough that I need to keep that as the goal to keep me going. A couple of money dates ago we randomly set ourselves the interim goal of 85% to be the point at which we would consider something like requesting to go part-time or some similar change. I do wonder if we will be too chicken to actually pull the trigger on something like reduced work when we aren’t at the full number?

Linea_Norway

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Re: 2020 FIRE Cohort
« Reply #677 on: March 04, 2019, 10:13:11 AM »
Congrats on 86 and 90% numbers! Those are great. I did a quick calculation for us yesterday and we are at 76% which isnít as impressive. 2020 is probably a stretch but Iím mentally burned out enough that I need to keep that as the goal to keep me going. A couple of money dates ago we randomly set ourselves the interim goal of 85% to be the point at which we would consider something like requesting to go part-time or some similar change. I do wonder if we will be too chicken to actually pull the trigger on something like reduced work when we arenít at the full number?

We have reduced to 80% without reaching the full number, for health reasons.

princeradar

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Re: 2020 FIRE Cohort
« Reply #678 on: March 04, 2019, 06:56:08 PM »
Love this thread.

I'd love to join the 2020 cohort, and we could do it if we sold some real estate and downsized a bit to a LCOL area.  Issue is DW does want to stop working, she sees herself working for 10 more years.  Anyone else had this situation?  How did yo handle it.

She's a great wife, and really frugal, issue probably is she doesn't have something to retire to.

itchyfeet

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Re: 2020 FIRE Cohort
« Reply #679 on: March 04, 2019, 08:13:16 PM »
Love this thread.

I'd love to join the 2020 cohort, and we could do it if we sold some real estate and downsized a bit to a LCOL area.  Issue is DW does want to stop working, she sees herself working for 10 more years.  Anyone else had this situation?  How did yo handle it.

She's a great wife, and really frugal, issue probably is she doesn't have something to retire to.

A couple of years ago my DW was the same in wanting to keep working. As FaiRE has got closer and she has dreamt a bit more of the opportunities it presents, she is less and less inclined to keep working. So much so that I have had to remove any future income contribution from her from our FIRE plans.

I was 100% supportive of her continuing to work if she wanted to.

ixtap

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Re: 2020 FIRE Cohort
« Reply #680 on: March 04, 2019, 08:15:36 PM »
Love this thread.

I'd love to join the 2020 cohort, and we could do it if we sold some real estate and downsized a bit to a LCOL area.  Issue is DW does want to stop working, she sees herself working for 10 more years.  Anyone else had this situation?  How did yo handle it.

She's a great wife, and really frugal, issue probably is she doesn't have something to retire to.

A couple of years ago my DW was the same in wanting to keep working. As FaiRE has got closer and she has dreamt a bit more of the opportunities it presents, she is less and less inclined to keep working. So much so that I have had to remove any future income contribution from her from our FIRE plans.

I was 100% supportive of her continuing to work if she wanted to.

DH thinks he can go another five years because it is going to get easier. Bwwaaaahhaaahhaaaa. We might be back to 2020 once he comes down to earth.

Linea_Norway

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Re: 2020 FIRE Cohort
« Reply #681 on: March 05, 2019, 12:43:30 AM »
Love this thread.

I'd love to join the 2020 cohort, and we could do it if we sold some real estate and downsized a bit to a LCOL area.  Issue is DW does want to stop working, she sees herself working for 10 more years.  Anyone else had this situation?  How did yo handle it.

She's a great wife, and really frugal, issue probably is she doesn't have something to retire to.

A couple of years ago my DW was the same in wanting to keep working. As FaiRE has got closer and she has dreamt a bit more of the opportunities it presents, she is less and less inclined to keep working. So much so that I have had to remove any future income contribution from her from our FIRE plans.

I was 100% supportive of her continuing to work if she wanted to.

DH thinks he can go another five years because it is going to get easier. Bwwaaaahhaaahhaaaa. We might be back to 2020 once he comes down to earth.

I see this happening to my friends. He has passed 60 some years ago and is a "normal" early pensioner. She is in her late forties and still working. I don't think they ever thought about the concept of FIRE. She probably thinks everyone ought to work until normal retirement, like most people think.

When he is home, he is running the household and doing all the household tasks, while she works and commutes. But he also does stuff on his own for months at the time. E.g. he likes spending time at their cabin, 2400 kms away. All that time she is home alone, or visits him once in that period.
It is a bit weird that she is now living alone for weeks/months at the time, several times a year.

So it depends on what your FIRE will look like. Will you mostly stay at home? Or do you want to travel to other places? Travelling should probably be done mostly alone. Another option is, does your spouse want to take more vacations, outside the school vacation periods? That way you can do some travel together, while the spouse is still working (a little less).

FireLane

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Re: 2020 FIRE Cohort
« Reply #682 on: March 05, 2019, 08:12:15 PM »
I'd love to join the 2020 cohort, and we could do it if we sold some real estate and downsized a bit to a LCOL area.  Issue is DW does want to stop working, she sees herself working for 10 more years.  Anyone else had this situation?  How did yo handle it.

Does she have to retire at the same time as you? You could retire first, if you have enough investments to support your share of household expenses, and let her keep working if that's what she wants.

Plus, if you retire first, she may see how much fun you're having and decide she wants to join you.

princeradar

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Re: 2020 FIRE Cohort
« Reply #683 on: March 05, 2019, 09:09:19 PM »
I'd love to join the 2020 cohort, and we could do it if we sold some real estate and downsized a bit to a LCOL area.  Issue is DW does want to stop working, she sees herself working for 10 more years.  Anyone else had this situation?  How did yo handle it.

Does she have to retire at the same time as you? You could retire first, if you have enough investments to support your share of household expenses, and let her keep working if that's what she wants.

Plus, if you retire first, she may see how much fun you're having and decide she wants to join you.

Yes this is a good idea.  I think we'll stay put where we live, I'll stick it out 5 more years so we can continue to live in our HCOL area.  She can work another 5 years past that.  I'll probably look at working at something, just without any economic pressure.  So five more years puts me at 2024, dohÖ  If she changes her mind, we'll sell our house and move then late 2020 would be entirely feasible.

bluebelle

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Re: 2020 FIRE Cohort
« Reply #684 on: March 10, 2019, 05:23:09 PM »
I'm not sure that I've 'officially' joined the 2020 cohort.  I'd like to throw my hat in. 
Although my OMY might take me to March 2021 to get a nice bonus and restricted share vesting, I don't think we'll need the extra money, but it's hard to walk away from it when I don't find my job unbearable. 
DH is definitely retiring 2020 and we're moving.  I work from home so I can work anywhere.  Our retirement home we're building will be done the spring 2020, and I do not want to own two homes any longer than necessary, so he will definitely be done (and he's so ready to go).  I'm the higher income earner anyway.  I like my job, enjoy the mental stimulation.   We plan to be in that house 30+ years, so if I have to work an extra 6 months at a job I like to have things the way I want, I'm okay with it.   Although, I think we have more than enough now, I'm a worrier, and would rather be over-prepared.....
Crap, I think my OMY is hitting hard.....got my annual review last week, bigger raise than I expected (with a promotion probably coming later in the year), a nice bonus, and more equity shares.....like I said, I like my job, I currently work on very interesting projects.....if I'm still having fun, I think I'm definitely going to April 1 2021 (ie give notice the day I get my 2021 bonus - company has been known to really shaft anyone giving a hint of leaving prior to numbers being given).  And the more I think about it, the less I think part time will work (I'm working a problem now, on a Sunday night), I think part time would just mean I get paid for 3 days and work 6.

Linea_Norway

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Re: 2020 FIRE Cohort
« Reply #685 on: March 11, 2019, 01:55:30 AM »
I'm not sure that I've 'officially' joined the 2020 cohort.  I'd like to throw my hat in. 
Although my OMY might take me to March 2021 to get a nice bonus and restricted share vesting, I don't think we'll need the extra money, but it's hard to walk away from it when I don't find my job unbearable. 
DH is definitely retiring 2020 and we're moving.  I work from home so I can work anywhere.  Our retirement home we're building will be done the spring 2020, and I do not want to own two homes any longer than necessary, so he will definitely be done (and he's so ready to go).  I'm the higher income earner anyway.  I like my job, enjoy the mental stimulation.   We plan to be in that house 30+ years, so if I have to work an extra 6 months at a job I like to have things the way I want, I'm okay with it.   Although, I think we have more than enough now, I'm a worrier, and would rather be over-prepared.....
Crap, I think my OMY is hitting hard.....got my annual review last week, bigger raise than I expected (with a promotion probably coming later in the year), a nice bonus, and more equity shares.....like I said, I like my job, I currently work on very interesting projects.....if I'm still having fun, I think I'm definitely going to April 1 2021 (ie give notice the day I get my 2021 bonus - company has been known to really shaft anyone giving a hint of leaving prior to numbers being given).  And the more I think about it, the less I think part time will work (I'm working a problem now, on a Sunday night), I think part time would just mean I get paid for 3 days and work 6.

Good for your that you like your job. But working weekends is not good for your (mental) health. Of course a company wants to give bonus/promotions to people who work more than their 40 hours a week.

You can always decide next year what your final plan will be.

Sand101

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Re: 2020 FIRE Cohort
« Reply #686 on: March 13, 2019, 09:32:36 PM »
I'm gunning for 12/2020.  I have 13% to go to my desired number and 10% of that will be had with savings.  So just a small push from the markets will do.

With a couple important clients retiring at the same time and with the life expectancy in my family being so poor (though my health is excellent *knockonwood* presently) I have to think about my realistic time left.  Combine that with the stress inherent in the job, though it's a fulfilling position, and it's about time.

Gauntlet thrown.

Freedomin5

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Re: 2020 FIRE Cohort
« Reply #687 on: March 14, 2019, 12:14:10 AM »
@ixtap Then why go back?

It would shave a few months off. I am still undecided, as I just hurt my back this week, reminding me of the limitations of any work.

Yeah, that makes sense. OMY and not wanting to leave that extra little bit of money on the table really gets you sometimes.

Freedomin5

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Re: 2020 FIRE Cohort
« Reply #688 on: March 14, 2019, 12:16:51 AM »
Welcome to the cohort @Sand101  Fingers and toes crossed that the market will be cooperative.

Linea_Norway

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Re: 2020 FIRE Cohort
« Reply #689 on: March 14, 2019, 01:03:09 AM »
2020 cohort members:

??/2020     apurplelife
02/2020     aspiringnomad
08/2020     Bateaux
12/2020     BFGirl
??/2020     BlueMR2   
??/2020     catccc   
12/2020     david_shin
12/202?     desk_jockey
04/2020     DreamFIRE
10/2020     Farmgirl
??/2020     FIREby2021
??/2020     FireLane
??/2020     Freedomin5   
??/202?     Gumption
06/2020     ixtap (date uncertain)
??/2020     letsdoit
??/2020     LadyMaWhiskers
10/2020     Linea_Norway
10/2020     Maenad
12/202?     meatgrinder
12/2020     MoneyTree
??/2020     onlykelsey   
04/2020     Pennycounter
03/2020     rab-bit
05/2020     Rcc
05/2020     RedefinedHappiness   
04/2020     robtown (maybe 12/31/2020)
10/2020     Rubyvroom
04/2020     TheContinaltalOp
11/2020.    ToughMother
??/2020     tooqk4u22   
05/2020     Unique User (maybe 06/2020)
12/2020     ysette9
12/2020     Sand101

OLY:
2Birds1Stone

FIREing later:
FIPurpose (date t.b.d.)

Welcome, Sand101. You are so right to FIRE early if your family has a tendency to not become so old.
My father died at 50, so my family outlooks aren't so good either. I hope to experience some years of FIRE before that. And hope that they have developed better cures by now...
« Last Edit: March 19, 2019, 07:42:46 AM by Linea_Norway »

Linea_Norway

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Re: 2020 FIRE Cohort
« Reply #690 on: March 14, 2019, 01:22:45 AM »
DH has heard/read of several examples where people have quit their job, without starting in a new job. Then their old employer offered them a much higher salary to stay for a longer period. It happened for example for people who quit their job for a year to make a long travel (hiking/skiing Norway in the length, 2500 km in a straight line, more in real life). Their employer suggested hiking for 3 months and coming back to work for a better contract.

DH speculated whether we should try something similar. Resigning earlier than planned, to let our employers offer a better contract.
To me that is pretty high risk and I am a bit of a risk averse person. I know my employer would like to keep me. But I wouldn't want to risk having to look for another job.

I am thinking of telling them at my next appraisal/assessment that I am not happy with my current pay, that I got too little increase last year. According to DH I have nothing to lose by telling them that. Maybe they will give me more in the hope that I won't leave like one of my other valuable colleagues with the same type of knowledge as I have did.

What are your thoughts on speculating in resigning early in the hope to get a better offer?

Sand101

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Re: 2020 FIRE Cohort
« Reply #691 on: March 14, 2019, 04:36:46 AM »

What are your thoughts on speculating in resigning early in the hope to get a better offer?

I wouldn't mention a thing until you are prepared for a permanent separation.  It can certainly be tried as a tactic, but you should be prepared for your company to tell you to have a nice life and to vacate your office by the end of the day.

Freedomin5

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Re: 2020 FIRE Cohort
« Reply #692 on: March 14, 2019, 04:42:12 AM »
What are your thoughts on speculating in resigning early in the hope to get a better offer?

I would do that only if you were actually able to walk away. I know someone who actually resigned. Then the company asked her to come back as a contractor for 30% more pay. But you have to be ready to follow through on your position.

2Birds1Stone

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Re: 2020 FIRE Cohort
« Reply #693 on: March 14, 2019, 07:51:27 AM »
Linda, it sounds like you are looking for just about any excuse to keep working longer. That's fine, but let's call a spade a spade.

Linea_Norway

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Re: 2020 FIRE Cohort
« Reply #694 on: March 14, 2019, 08:30:22 AM »
Linda, it sounds like you are looking for just about any excuse to keep working longer. That's fine, but let's call a spade a spade.

No, I don't want to work longer! Can't wait to stop. But I need to finish working the whole of 2019 to be able to keep the pension money that my employer is putting into it this year.

TheFIExplorer

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Re: 2020 FIRE Cohort
« Reply #695 on: March 15, 2019, 11:13:03 PM »
Technically I am targeting 31 December 2020, for my 'leanish' FI target. Does that still count? :)

I have just joined this forum, and it's really inspiring to see the sheer number of people on their own journeys and with their own targets.


Linea_Norway

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Re: 2020 FIRE Cohort
« Reply #696 on: March 16, 2019, 12:44:12 AM »
2020 cohort members:

??/2020     apurplelife
02/2020     aspiringnomad
08/2020     Bateaux
12/2020     BFGirl
??/2020     BlueMR2   
??/2020     catccc   
12/2020     david_shin
12/202?     desk_jockey
04/2020     DreamFIRE
10/2020     Farmgirl
??/2020     FIREby2021
??/2020     FireLane
??/2020     Freedomin5   
??/202?     Gumption
06/2020     ixtap (date uncertain)
??/2020     letsdoit
??/2020     LadyMaWhiskers
10/2020     Linea_Norway
10/2020     Maenad
12/202?     meatgrinder
12/2020     MoneyTree
??/2020     onlykelsey   
04/2020     Pennycounter
03/2020     rab-bit
05/2020     Rcc
05/2020     RedefinedHappiness   
04/2020     robtown (maybe 12/31/2020)
10/2020     Rubyvroom
12/2020     Sand101
04/2020     TheContinaltalOp
12/2020     TheFIExplorer
11/2020    ToughMother
??/2020     tooqk4u22   
05/2020     Unique User (maybe 06/2020)
12/2020     ysette9


OLY:
2Birds1Stone

FIREing later:
FIPurpose (date to decided)

Welcome, TheFIExplorer.
Did you find the site because you thought you were close to FI and googled on early retirement?
« Last Edit: March 19, 2019, 07:42:59 AM by Linea_Norway »

TheFIExplorer

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Re: 2020 FIRE Cohort
« Reply #697 on: March 16, 2019, 05:04:15 PM »
Thanks Linda_Norway

It was more that I was aware of the forum, having read through MMM in a binge a couple of years ago, but I was just curious to see how big the community was after a couple of other Australian FI bloggers mentioned being active in it. So I thought I'd take a look. Thanks so much for the welcome!

FIREby2021

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Re: 2020 FIRE Cohort
« Reply #698 on: March 17, 2019, 12:14:52 PM »
Random Sunday afternoon musing.

For those of us with FIRE dates which are now 1-2 years away, I'm thinking about the potential 'jolt' of change that is coming.  These thoughts came after reading the article: https://www.caniretireyet.com/fire-make-life-harder/

Unintentionally, we've already begun taking steps toward making some necessary changes needed for our ultimate FIRE goal.  It got me thinking that it is probably a bit easier that way ... to spread out the "change jolts" a bit, rather than start everything new at T=0 once we reach our FIRE date.  It is a luxury to be able to do so, but some of it just requires building a gradual exit plan toward reaching the desired FIRE lifestyle goal.

Things I'm thinking about:

1. Selling / Downsizing a House / Moving:  Mission accomplished for us, as we've already purchased our FIRE home, sold our HCOL home and moved into a downsized rental for the home-stretch.  But I remember the "change jolt" that we felt for months after selling that HCOL home.  I didn't realize how emotionally attached we were to it.  Today, it's a lot better; 1-year later, and we are now in the phase where we look forward with anticipation to move out of this rental into our future FIRE home.  I'm glad that 1st transition step is behind us.

2.  Leaving a Job Environment:  This will be harder for us, no doubt.  We actually like our jobs for the most part, and work with great people doing things that feel valuable.  I spend ~50hrs per week and DW 30+hrs per week related to our jobs - that's a lot of hours to replace each week!  New routines, new hobbies, new town, new everything!  I'm excited as we have goals & hobbies directly associated with our new FIRE location dreams, but they are still relative unknowns at this time.  Who's to say how that transition will actually unfold?  Something we are trying to do now to ease the "change jolt" here for me is to practice using remote work schedule opportunities, and for DW to transition into a sabbatical mindset before our FIRE date.  These will be big changes for us after working consistently for 15-20 years.

3.  Leaving Social Circles:  Another category that will likely be a "change jolt".  We have developed great community here from our work, gym and church here.  While this will be irreplaceable in some ways, we know we can develop relationships again over time in a new town.  For those who might be leaving family networks (not our situation), that could also be a big transition.  Part of our FIRE timing goal is that we think we can re-develop new social circles easier in our early 40s vs. potentially trying to do so in our 60s following a traditional retirement timeline.  That said, I'm sure that first couple of FIRE years will be a challenge.  Something we have unintentionally / intentionally done, is 'market' our FIRE location to some good friends.  One couple has already relocated (!!) to our FIRE location, and we have invited others to join us on vacation trips these next 2 years to the area.  So maybe our marketing plan will help, haha ... always fun to adventure with others!

4.  Spending Plan Changes:  Most of us likely have this aspect more dialed-in ... less subject to "change jolts".  That said, normal expenses in one city (before FIRE) relative to normal expenses in another part of the country (after FIRE) carry uncertainty.  We do what we can to track & project expenses, but who's to say what new hobbies, experiences or lifestyle changes FIRE will bring.  Another vote for reasonable contingencies!

Y'all have a great day,

FIREby2021

markbike528CBX

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Re: 2020 FIRE Cohort
« Reply #699 on: March 17, 2019, 12:57:42 PM »
FIREBY2021
For those who are new or haven't looked at the Post-FIRE sub forum, there is a Pre-FIRE checklist collecting lots of members experiences.

https://forum.mrmoneymustache.com/post-fire/pre-fire-checklist/