Author Topic: 2020 FIRE Cohort  (Read 146827 times)

2Birds1Stone

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Re: 2020 FIRE Cohort
« Reply #600 on: January 17, 2019, 07:28:57 AM »
@Linda_Norway, 9 -12 months of part time work while prepping for an AT thru-hike. Then back to work for a little while building a campervan to spend 12+ months exploring North America.

Linea_Norway

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Re: 2020 FIRE Cohort
« Reply #601 on: January 17, 2019, 07:37:01 AM »
Yes, my agressiveness is through hisses.

(It was joking!, I was 2020, but got down lower! OLY!)

Good for you to manage 2019. For us 2019 was too lean to feel comfortable.

Rubyvroom

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Re: 2020 FIRE Cohort
« Reply #602 on: January 17, 2019, 08:52:45 AM »
Welcome Linda! I follow the 2019 thread too and saw the conversation around your delayed plans. Sorry if it is disappointing that things worked out this way, but it sounds like you are making the right decisions for both financial and relationship stability. 2020 is not that far off - we will get there!

Ahhh! There is a list now. That makes things feel quite real o_o

Please put me down for October 2020 (at 39 y/o). Our pay periods end every other Thursday and when a person leaves the company, our health plan covers you through the remainder of the month of your last day. My pay period ends on Thursday October 1st, so it's a nice clean cutoff for payroll and I would retain benefits through the month of October, so it seems like good timing. It's well after bonuses (April) and raises (July) and gives me plenty of time to build up my PPL balance for a nice fat payout.

Thanks for getting the list started Linda!

BFGirl

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Re: 2020 FIRE Cohort
« Reply #603 on: January 17, 2019, 09:19:22 AM »
Thanks for starting the list Linda!  I'll be the last of the cohort at 12/31/2020 but it's the earliest I can take my pension.

rab-bit

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Re: 2020 FIRE Cohort
« Reply #604 on: January 17, 2019, 09:40:58 AM »
Ahhh! There is a list now. That makes things feel quite real o_o

Yes, exciting and a little scary at the same time!

ysette9

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Re: 2020 FIRE Cohort
« Reply #605 on: January 17, 2019, 09:52:26 AM »
Thanks for starting the list Linda!  I'll be the last of the cohort at 12/31/2020 but it's the earliest I can take my pension.
Put me down for the same date as well for now.

Specifics are hard to come by now because 1) we need to make some decisions on whether we stay or go elsewhere and 2) market fluctuations could mean 2-4 years depending on performance even if we stay put. If we go elsewhere chances are we would be FI right away.

It really is hard this “figuring out what I want to be when I grow up” business. ;-)

Linea_Norway

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Re: 2020 FIRE Cohort
« Reply #606 on: January 17, 2019, 10:42:13 AM »
2020 cohort members:

??/2020     apurplelife   
08/2020     Bateaux
12/2020     BFGirl
06/2020     2Birds1Stone
??/2020     BlueMR2   
??/2020     catccc   
12/2020     david_shin
12/202?     desk_jockey
04/2020     DreamFIRE
??/2020     FIREby2021
??/2020     FireLane
??/2020     Freedomin5   
??/202?     Gumption
06/2020     ixtap
??/2020     letsdoit   
10/2020     Linda_Norway
??/202?     Maenad
12/202?     meatgrinder
12/2020     MoneyTree
??/2020     onlykelsey   
04/2020     Pennycounter
03/2020     rab-bit
05/2020     Rcc
??/2020     RedefinedHappiness   
??/202?     robtown
10/2020     Rubyvroom
04/2020     TheContinaltalOp
??/2020     tooqk4u22   
??/2020     Unique User   
12/2020     ysette9
« Last Edit: January 17, 2019, 11:29:17 AM by Linda_Norway »

Lews Therin

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Re: 2020 FIRE Cohort
« Reply #607 on: January 17, 2019, 10:50:49 AM »
I just noticed Markbike, he was the fearless leader of 2019, and FIRE`d in 2018.

Linea_Norway

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Re: 2020 FIRE Cohort
« Reply #608 on: January 17, 2019, 11:29:52 AM »
I just noticed Markbike, he was the fearless leader of 2019, and FIRE`d in 2018.

Removed from the list.

DreamFIRE

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Re: 2020 FIRE Cohort
« Reply #609 on: January 17, 2019, 07:19:12 PM »

Oh sweet, I'm a member of 2 cohorts now.  :)

2Birds1Stone

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Re: 2020 FIRE Cohort
« Reply #610 on: January 17, 2019, 07:29:05 PM »

Oh sweet, I'm a member of 2 cohorts now.  :)

Be nice, you're going to make Linda OMY again.

DreamFIRE

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Re: 2020 FIRE Cohort
« Reply #611 on: January 17, 2019, 07:46:05 PM »

Oh sweet, I'm a member of 2 cohorts now.  :)

Be nice, you're going to make Linda OMY again.

It's all good.  I'm not sure where I'll end up, yet.

desk_jockey

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Re: 2020 FIRE Cohort
« Reply #612 on: January 17, 2019, 09:45:43 PM »

Oh sweet, I'm a member of 2 cohorts now.  :)

Holy Shit!!!  It's starting to feel tangible, now that I'm a member of one cohort.

Freedomin5

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Re: 2020 FIRE Cohort
« Reply #613 on: January 18, 2019, 01:11:55 AM »
Can I still stay in this cohort if I'm hoping to be FI in 2020 but not RE?

Linea_Norway

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Re: 2020 FIRE Cohort
« Reply #614 on: January 18, 2019, 06:36:27 AM »
Can I still stay in this cohort if I'm hoping to be FI in 2020 but not RE?

Yes, FI in 2020 is good enough for the cohort.

Linea_Norway

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Re: 2020 FIRE Cohort
« Reply #615 on: January 18, 2019, 06:37:42 AM »

Oh sweet, I'm a member of 2 cohorts now.  :)

Be nice, you're going to make Linda OMY again.

I really hope we won't need to do an additional OMY. OMY is enough.

markbike528CBX

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Re: 2020 FIRE Cohort
« Reply #616 on: January 18, 2019, 10:06:47 AM »
I just noticed Markbike, he was the fearless leader of 2019, and FIRE`d in 2018.

Removed from the list.

(Blushes)

I don't consider myself fearless, lots of angst was included in my FIRE decision.

I think that the list should specifically INCLUDE OLY, TLY or Lots Less Years, to give evidence to the notion that less years are possible. OMY's are so depressing. But there is always hope that they can come back.

That being said, I don't remember specifically joining this cohort. Maybe I was thinking of a OMY from 2019. 

FIRE is great

One unexpected benefit of FIRE was to be able to be at my Dad's bedside before major surgery* and help him at home for an indefinite amount of time, with no worries about work.  He's doing much better than I expected by this time. I'm back home on the other side of the US.

* I brought funeral clothes along on the trip.

Maenad

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Re: 2020 FIRE Cohort
« Reply #617 on: January 20, 2019, 04:19:28 PM »
2020 cohort members:

??/2020     apurplelife   
08/2020     Bateaux
12/2020     BFGirl
06/2020     2Birds1Stone
??/2020     BlueMR2   
??/2020     catccc   
12/2020     david_shin
12/202?     desk_jockey
04/2020     DreamFIRE
??/2020     FIREby2021
??/2020     FireLane
??/2020     Freedomin5   
??/202?     Gumption
06/2020     ixtap
??/2020     letsdoit   
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
??/2020     RedefinedHappiness   
??/202?     robtown
10/2020     Rubyvroom
04/2020     TheContinaltalOp
??/2020     tooqk4u22   
??/2020     Unique User   
12/2020     ysette9

Updated mine with current estimate of October. The market bouncing back this month has pulled us back in to 2020. But, as well all know, the market giveth, and the market taketh away. :-)

Unique User

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Re: 2020 FIRE Cohort
« Reply #618 on: January 21, 2019, 07:14:53 AM »
Wow - kind of scary to see it in writing.  I'm still holding steady on May (but may become June) 2020.  I don't want to go much longer since I'll be 51 in the fall of 2020 and really want to quit while still on the nice round 50 number.  DH keeps wobbling since DD will be finishing her freshman year of college, but I'm slowly trying to convince him that occasional consulting work will provide enough padding while she is in school.  Unless DD ends up going to a more expensive school than I planned or the market has a major downturn, we'll be chucking it in.  Thanks for compiling Linda!
« Last Edit: January 21, 2019, 10:26:11 AM by Unique User »

Linea_Norway

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Re: 2020 FIRE Cohort
« Reply #619 on: January 21, 2019, 07:21:03 AM »
2020 cohort members:

??/2020     apurplelife   
08/2020     Bateaux
12/2020     BFGirl
06/2020     2Birds1Stone
??/2020     BlueMR2   
??/2020     catccc   
12/2020     david_shin
12/202?     desk_jockey
04/2020     DreamFIRE
??/2020     FIREby2021
??/2020     FireLane
??/2020     Freedomin5   
??/202?     Gumption
06/2020     ixtap
??/2020     letsdoit   
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
??/2020     RedefinedHappiness   
??/202?     robtown
10/2020     Rubyvroom
04/2020     TheContinaltalOp
??/2020     tooqk4u22   
05/2020     Unique User (maybe 06/2020)
12/2020     ysette9

Linea_Norway

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Re: 2020 FIRE Cohort
« Reply #620 on: January 21, 2019, 07:26:35 AM »
I really needed some new motivation now that I'm doing OMY. Therefore a list with names seems more committing.

The OMY decision was good for us. Now we can (without stress) paint some wooden panels bathroom, so that they look a bit nicer for sale. And think more specifically about where we want to move to. I just really hope that the housing market won't crash in the coming year.

I have also found in the price statistics of villas in our community, that there is a peak in price every December. So maybe we will put the house for sale at the end of the year, even though that is a weird time of the year.

ysette9

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Re: 2020 FIRE Cohort
« Reply #621 on: January 21, 2019, 06:04:45 PM »
That is a weird time of year. In the US I thought that was usually a time when sales and prices took a dip. Do you have any idea what might be driving that?

Linea_Norway

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Re: 2020 FIRE Cohort
« Reply #622 on: January 22, 2019, 02:16:34 AM »
That is a weird time of year. In the US I thought that was usually a time when sales and prices took a dip. Do you have any idea what might be driving that?

This graph is what I get up for villas in my region. As you can see, in one year the peak was in January. But last year it was in December. No, I have no idea why that is.

Linea_Norway

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Re: 2020 FIRE Cohort
« Reply #623 on: January 22, 2019, 02:20:15 AM »
The stock market is getting back on track. As I am posting graphs today, here is the graph of my personal stock account. Last year it felt flat. The growth is due to putting money in it every month. At the moment we are again on 4% profit overall, which is not really a lot. But at least it is better than end of the year 2018.

This type of account is quite new. So in the beginning it grow very fast, because I transferred some other stock accounts to it. Currency is in NOK, not $. My DH has an additional account.

LadyMaWhiskers

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Re: 2020 FIRE Cohort
« Reply #624 on: January 22, 2019, 08:00:53 AM »
Can you add me to the cohort: LadyMaWhiskers, 2020/date TBD

Linea_Norway

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Re: 2020 FIRE Cohort
« Reply #625 on: January 22, 2019, 12:40:29 PM »
2020 cohort members:

??/2020     apurplelife   
08/2020     Bateaux
12/2020     BFGirl
06/2020     2Birds1Stone
??/2020     BlueMR2   
??/2020     catccc   
12/2020     david_shin
12/202?     desk_jockey
04/2020     DreamFIRE
??/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   
??/202?     robtown
10/2020     Rubyvroom
04/2020     TheContinaltalOp
??/2020     tooqk4u22   
05/2020     Unique User (maybe 06/2020)
12/2020     ysette9


Welcome LadyMaWhiskers
« Last Edit: January 22, 2019, 01:19:49 PM by Linda_Norway »

RedefinedHappiness

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Re: 2020 FIRE Cohort
« Reply #626 on: January 22, 2019, 01:17:36 PM »
You can put me down as 05/202?

Some big decisions (annual spend levels, health care, SO potentially working PT, how much to save for kids college) could influence what number replaces the ?, But timing of my employer bonus schedule should out me in the May range whenever I decide to FIRE.


Linea_Norway

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Re: 2020 FIRE Cohort
« Reply #627 on: January 22, 2019, 01:20:08 PM »
You can put me down as 05/202?

Some big decisions (annual spend levels, health care, SO potentially working PT, how much to save for kids college) could influence what number replaces the ?, But timing of my employer bonus schedule should out me in the May range whenever I decide to FIRE.

Done.

2Birds1Stone

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Re: 2020 FIRE Cohort
« Reply #628 on: January 23, 2019, 08:47:00 PM »
Going OLY



Sent from my SAMSUNG-SM-G930A using Tapatalk


Linea_Norway

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Re: 2020 FIRE Cohort
« Reply #629 on: January 23, 2019, 10:37:34 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
??/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   
??/202?     robtown
10/2020     Rubyvroom
04/2020     TheContinaltalOp
??/2020     tooqk4u22   
05/2020     Unique User (maybe 06/2020)
12/2020     ysette9

OLY:
2Birds1Stone

Congrats. Where does that decision come from?

2Birds1Stone

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Re: 2020 FIRE Cohort
« Reply #630 on: January 24, 2019, 06:49:17 AM »
@Linda_Norway, I've posted about it here and in the 2019 Cohort, but primarily to spend time with aging (93, 89) family whom I'm very close with. They reside in Eastern Europe, where retirement homes aren't really a thing. Half of the family that still lives there and could help are estranged, and my father still works here in the US. Before switching employers in August of 2018, the plan was to take a leave of absence to do this in 2019 for 120 days. My company dissolved and I had to start a new job, which means I am only eligible for a short leave in 2019. On top of that, the new job proves to be MUCH more stressful, and it's impacting my own health and mental well being. I'm on call basically 24/7 and have to travel lots.

The math dictates that I will have to either return to work in a FT capacity for a few more years at some point in the future, OR I will have to supplement portfolio withdrawals with seasonal or PT work. I'm more than fine with this. Currently have 5 years of expenses in CD's and Bonds, so there is plenty of time to unplug, spend time with people who raised me, and figure out what I want life to look like in the next chapter.

ToughMother

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Re: 2020 FIRE Cohort
« Reply #631 on: January 26, 2019, 06:01:56 PM »
Have a lot of balls in the air currently, all of which could affect this, but hoping to be FI by 11/2020 when my pension vests.  Thanks for generating the list, @Linda_Norway

Member of the 2020 FIRE Cohort thread since 1.31.16
« Last Edit: January 26, 2019, 06:13:46 PM by ToughMother »

Linea_Norway

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Re: 2020 FIRE Cohort
« Reply #632 on: January 27, 2019, 03:31:07 AM »
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
??/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   
??/202?     robtown
10/2020     Rubyvroom
04/2020     TheContinaltalOp
11/2020.    ToughMother
??/2020     tooqk4u22   
05/2020     Unique User (maybe 06/2020)
12/2020     ysette9

OLY:
2Birds1Stone

Linea_Norway

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Re: 2020 FIRE Cohort
« Reply #633 on: January 29, 2019, 01:02:09 AM »
My stocks are growing again. Most of my funds are now positive, apart from my European and my Norwegian funds. I put my emerging markets fund with 0,3% yearly cost for sale and swap it for a general fund with 0,19% yearly costs.

Otherwise, with an additional year to go, there isn't much to do apart from sitting out time.
« Last Edit: January 29, 2019, 01:06:01 AM by Linda_Norway »

Farmgirl

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Re: 2020 FIRE Cohort
« Reply #634 on: January 29, 2019, 05:54:37 AM »
Please add me.  Not sure I'll make it, but October, 2020.

Linea_Norway

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Re: 2020 FIRE Cohort
« Reply #635 on: January 29, 2019, 06:17:39 AM »
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   
??/202?     robtown
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: January 29, 2019, 08:00:46 AM by Linda_Norway »

Linea_Norway

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Re: 2020 FIRE Cohort
« Reply #636 on: January 29, 2019, 06:18:53 AM »
Please add me.  Not sure I'll make it, but October, 2020.

Done. Then maybe you Fire at the same as I will.

Plans are just what they are: plans. They can always change.

FIPurpose

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Re: 2020 FIRE Cohort
« Reply #637 on: January 29, 2019, 07:01:50 AM »
I am also a 2020 man. We plan on having assets of about 750k. And I want to go get a PhD in the classics. (With some international travel as well :))

I'm hoping to get a teaching position during grad so that we do not touch those assets until I'm ready to give up any career. But it will feel odd to allow myself to spend my whole paycheck when the time comes. I'll no longer have as high paying a job, but I'll probably end up with more free money than I know what to do with.

Oh my how things change in as little as 4 years.

My SO and I took about 1.5 years off of work 2 years ago. I don't think this has changed our trajectory much. But the stock market isn't saving us any working time it seems. I think the lean 750k FIRE is out of reach for 2020. I'll have to move on to a different FIRE thread, lean FIRE for us will probably be closer to the end of 2021/2022 (30). I might go to part-time around then, I like my current job a lot more than previous ones. Serious FIRE could happen as early as 2026/2027 (35) for us if we keep truckin' along.

So good luck to everyone here. May the stock market be ever in your favor. Keep buying. It's a good time to be working.

Linea_Norway

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Re: 2020 FIRE Cohort
« Reply #638 on: January 29, 2019, 08:03:06 AM »
I am also a 2020 man. We plan on having assets of about 750k. And I want to go get a PhD in the classics. (With some international travel as well :))

I'm hoping to get a teaching position during grad so that we do not touch those assets until I'm ready to give up any career. But it will feel odd to allow myself to spend my whole paycheck when the time comes. I'll no longer have as high paying a job, but I'll probably end up with more free money than I know what to do with.

Oh my how things change in as little as 4 years.

My SO and I took about 1.5 years off of work 2 years ago. I don't think this has changed our trajectory much. But the stock market isn't saving us any working time it seems. I think the lean 750k FIRE is out of reach for 2020. I'll have to move on to a different FIRE thread, lean FIRE for us will probably be closer to the end of 2021/2022 (30). I might go to part-time around then, I like my current job a lot more than previous ones. Serious FIRE could happen as early as 2026/2027 (35) for us if we keep truckin' along.

So good luck to everyone here. May the stock market be ever in your favor. Keep buying. It's a good time to be working.

You had a very long sabbatical. A part time job that you enjoy sounds like a good idea to easy your way into FI.
Good luck to you as well.
« Last Edit: January 29, 2019, 10:59:24 PM by Linda_Norway »

ixtap

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Re: 2020 FIRE Cohort
« Reply #639 on: January 29, 2019, 10:23:37 PM »
Sigh. Hubby keeps raising the bar.

We are six months into a two year lease, and now he is wondering if they will extend it month to month after July 2020 or should we just sign another two year lease. Uh, what happened to quitting before it was up?

Wouldn't it be nice to have an extra half million? So, you are now expecting to spend more once we leave this HCOL?

Linea_Norway

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Re: 2020 FIRE Cohort
« Reply #640 on: January 30, 2019, 12:17:59 AM »
Sigh. Hubby keeps raising the bar.

We are six months into a two year lease, and now he is wondering if they will extend it month to month after July 2020 or should we just sign another two year lease. Uh, what happened to quitting before it was up?

Wouldn't it be nice to have an extra half million? So, you are now expecting to spend more once we leave this HCOL?

An extra half million is a lot of money. We basically need an extra 50-75K and therefore do one more year. That gives enough slack.

itchyfeet

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Re: 2020 FIRE Cohort
« Reply #641 on: January 31, 2019, 11:45:18 AM »
I decided to take a peek in here. What do I find? A bunch of refugees from the 2019 Cohort.

I am not quite ready to give up on 2019, but say 2020 is becoming more likely.

I had my annual performance interview today and told my boss I’d hang around another year. We shall see.

Sydney property prices continued to fall through January. I’d def be happier if the Sydney property market bottomed out before FIRE. No signs of the slide slowing yet.

On the other hand stocks were kind in Jan and we saved well. Net worth is up by a healthy amount for the month.

From June 2019 my working life is a month to month proposition. June 2020 is our absolute long-stop date.

One of the extra months we work will be to fund a trip to the Tokyo Olympics in July 2020. It’ll be awesome to be there and be FIRED.

FIREby2021

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Re: 2020 FIRE Cohort
« Reply #642 on: February 01, 2019, 04:49:04 PM »
Hello 2020 crew ... well, the 1st month of the year is already in the books!  I'm sure many of us have made good progress following the Q4-2018 drawdown.  Will this be a short lived market bounce or straight to the moon?!  Either way, we stuck to our plan and met our goals this month; success from a process standpoint.

January Highlights:

- I was able to take a short trip north to visit & help my parents out.  Also an opportunity to see my (now 5-month-old) niece!  While a good visit overall, I was able to better understand the sorts of things I hope to help out with during my longer remote-working visits I negotiated for this year.

- Health-Check: this is the best my back has felt starting out a new year since 2016, and I'm happy to have kept consistent w/my regimen of weight training mixed w/high-intensity efforts and yoga sessions.  Really helps make the days fly by as well, as I'm often able to do sessions at the gym on campus.  This area has been a huge journey since 2016 and I'm so thankful to feel healthy again.

- We killed our mortgage!  For those who've been following along, you know we found and purchased our future FIRE home in Q4-17, and sold our current HCOL home shortly after in Q1-18.  We are leasing out our FIRE home currently.  Since the renters paid the lease in-full, we stood to realize income for 2018 tax purposes.   Mortgage interest (and other items) paid will largely offset that income.  However, now that we are in 2019, we executed our plan to payoff the mortgage (4.125%).  We never intended to bring a mortgage with us into FIRE, and are extremely thankful to no longer have debt of any kind!

- We've been carrying 2 'alternative' investments on our books (small business ventures), and have now received complete payout from the 1st one.  While the return premium may not have been on par with the risk (+12.7% annualized), it was a great success and that investment is now fully back in our Vanguard account.  A fun fact about this investment (before we learned about FIRE), is that we funded it by 'downsizing' a car.  I sold an expensive car for a cheaper one and used those dollars that would have been otherwise tied up in a depreciating asset.  I guess it was a way to mitigate some of the downside risk of this small business venture.  Ultimately we doubled our money in 6 years, and I still drive that "cheaper" car!

- Countdown:  This will be a huge topic for us to work through this year.  Our 'original' target was Q1-2021, but we've been diligent in trying to pursue a path toward Q1-2020.  The math tells us that we should hit our FIRE # Q4-2020.  If that truly is the case, we have lots of incentive to work a few extra months past that into early 2021.  It would also lead us toward making a decision this summer to lease our FIRE home out for another term so it doesn't sit empty.  Decisions and pros / cons that we will be rolling around in all year 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%

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

FIREby2021
« Last Edit: February 03, 2019, 02:20:15 PM by FIREby2021 »

itchyfeet

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Re: 2020 FIRE Cohort
« Reply #643 on: February 02, 2019, 04:21:39 AM »
Hmmm. Our progress at end of Jan is also 84% of our “original” target... but we are meant to FIRE in 2019 amd not 2020, so have slipped slightly behind in our progress towards that original target.

However, in response I have been playing round with a few ideas like allowing for a higher drawdown rate for very discretionary expenditure  (in reality we’d only ever spend the money if the market returns were there), and assumed lower discretionary spending after (or if) I reach 75 years old, which I am comfortable with as an assumption. And I am also ok with assuming a small finite amount of post FIRE income from casual or opportunistic employment.

With all that we are at 91% of the reduced target. Once I throw in what we will be paid on contract termination we are at 93%.... Getting close.

Linea_Norway

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Re: 2020 FIRE Cohort
« Reply #644 on: February 02, 2019, 10:13:05 AM »
Nice for those of you who know their exact percentage. We need to sell our house and the price is a joker. If we could get a really high price, we could Fire in 2018, but we both don't believe in that. Therefore another year (2020) so that we start using our assets a year later, and build up some extra stash.

FIREby2021

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Re: 2020 FIRE Cohort
« Reply #645 on: February 02, 2019, 03:02:07 PM »
Nice for those of you who know their exact percentage. We need to sell our house and the price is a joker. If we could get a really high price, we could Fire in 2018, but we both don't believe in that. Therefore another year (2020) so that we start using our assets a year later, and build up some extra stash.

Yes, I would agree ... our transition through HCOL housing sale to FIRE housing purchase was one of the largest uncertainties in our plan.  Now that we have those as 'knowns', the only variables we're left to manage are savings and market performance in our pre-tax and after-tax accounts.  Still subject to change on a monthly (daily!) basis :)

itchyfeet

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Re: 2020 FIRE Cohort
« Reply #646 on: February 03, 2019, 10:06:08 AM »
Nice for those of you who know their exact percentage. We need to sell our house and the price is a joker. If we could get a really high price, we could Fire in 2018, but we both don't believe in that. Therefore another year (2020) so that we start using our assets a year later, and build up some extra stash.

Actually we have to sell a house too, so the numbers are best estimates. We will sell in maybe 3-5 years so an estimate will have to do for now.

Linea_Norway

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Re: 2020 FIRE Cohort
« Reply #647 on: February 07, 2019, 04:22:05 AM »
Yesterday I asked an insurance company for an offer for insurances. Turned out they were more expensive than my current insurances, so I won't swap. But I received a letter from a credit score company, that the insurance company had requested my credit score. The letter said I scored 1000 on a scale of 1-1000. I guess that it positive. although I don't really know how to utilize it.

TheContinentalOp

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Re: 2020 FIRE Cohort
« Reply #648 on: February 07, 2019, 06:06:33 AM »
I was over my FIRE number last fall, but only for a few weeks. With the market rebound, I back to within $10k. I am still on track for April 2020, but I might succumb to OMY.

BlueMR2

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Re: 2020 FIRE Cohort
« Reply #649 on: February 07, 2019, 08:52:08 AM »
Still looking good despite some recent setbacks (loss of some income plus some unexpectedly high car repairs). 

In theory would be OK now, but I have planned in an extra safety margin that still has me looking at May 2020.  Even then I'm thinking part-time fun type work still to help justify these cars that I enjoy having around (but cost me dearly).  Perhaps in the same place, perhaps a different industry even.  I haven't ruled out extending my full time work at that point either if I'm on interesting projects because I do like where I work almost all the time.  It's just that the stress level is high in my current capacity and that's a game for the young (could lead to an early grave if I stick around too long). 

So, in short, for me it's more like that's the point at which I feel we could be comfortable without classic jobs of any kind.  More of a true independence point rather than a classic retirement point.