Author Topic: 2021 FIRE Cohort  (Read 30778 times)

nazar

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Re: 2021 FIRE Cohort
« Reply #150 on: December 09, 2017, 06:24:54 PM »
Best laid plans....

Well, a week and change into project 1: Declutter became project 1: Hurricane Irma.  Pre storm preparation, then post storm recovery.  A tree fell on my car and  it spent 6 weeks at a garage trying to get all the needed parts.  Same tree took out a good portion of my fence. The immediate post storm period is spent clearing as much debris as possible while bulk pickup is done regularly, and finding supplies for repairs.  De-clutter is on hold for project 3 and I'll move into Project 2: Exterior is next since  the weather is getting agreeable.  Exterior will call for removal of nuisance plants, planting edibles, replacing lost items from the storm,  minor repairs to structure that were needed before the storm, but certainly need to be done now.



ixtap

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Re: 2021 FIRE Cohort
« Reply #151 on: January 11, 2018, 12:26:38 PM »
Did everyone move out of this class? I keep seeing tons of updates from 2020 and 2022, but this group has been silent over the new year.

Being largely invested in stocks, 2017 was very good to us. We are trying to make some cuts in order to live under our projected retirement budget. That's not easy when rent goes up 10% next month. We do have a plan to move on, but it is dependent on receiving a waiver. We are doing some things to beef up our credibility for that so that we can submit the request next week.

We will likely hit our lowest number (25x the budget we guessed at a couple of years ago) this year, even with mediocre growth. That budget is still reasonable for our immediate plans, but we want flexibility to change those plans over time. From there to our ideal number (28x current budget) seems like such a long haul, but just 10% growth with our current savings gross would put us there by the end of 2020, so even slower growth with DH's regular raises should do the trick. Between bonuses and weather, we would still work through early 2021. Might as well have that excellent health care coverage through flu season.


sisto

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Re: 2021 FIRE Cohort
« Reply #152 on: January 11, 2018, 12:35:25 PM »
Did everyone move out of this class? I keep seeing tons of updates from 2020 and 2022, but this group has been silent over the new year.

Being largely invested in stocks, 2017 was very good to us. We are trying to make some cuts in order to live under our projected retirement budget. That's not easy when rent goes up 10% next month. We do have a plan to move on, but it is dependent on receiving a waiver. We are doing some things to beef up our credibility for that so that we can submit the request next week.

We will likely hit our lowest number (25x the budget we guessed at a couple of years ago) this year, even with mediocre growth. That budget is still reasonable for our immediate plans, but we want flexibility to change those plans over time. From there to our ideal number (28x current budget) seems like such a long haul, but just 10% growth with our current savings gross would put us there by the end of 2020, so even slower growth with DH's regular raises should do the trick. Between bonuses and weather, we would still work through early 2021. Might as well have that excellent health care coverage through flu season.
I'm still here. I had dabbled with pushing mine out a bit for various reasons and potentially loosening up the travel budget in the meantime. I've been traveling more and still on track to meet my eligibility date for FIRE from MegaCorp. I can retire rule of 75 on June 7, 2021 and plan to do just that.
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dreams_and_discoveries

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Re: 2021 FIRE Cohort
« Reply #153 on: January 12, 2018, 01:17:55 AM »
I've sort of self promoted myself to 2020, and now aiming for December 2020 rather than early 2021...but who know what will happen.

However it's all getting much closer, less than four full working years for everyone here - how does that feel?

Roots&Wings

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Re: 2021 FIRE Cohort
« Reply #154 on: January 12, 2018, 05:39:46 AM »
I'm still here too! No idea what the markets will bring in the next few years, but life is good, and finances are on track.

MarcherLady

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Re: 2021 FIRE Cohort
« Reply #155 on: January 12, 2018, 05:54:00 AM »
It feels awesome.   Yes, we are now in the 2020 group - although I never post there either!

Is it starting to feel like a reality to you all yet?  I don't think I've really got my head around what FIRE will look like for us beyond the first few weeks that will just feel like a long holiday.
One step at a time  ARS says I'm FI.  I'm still coming round to the idea.

Target FIRE: 10/10/2020, but I hang out with the 2021 Cohort

Peter Parker

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Re: 2021 FIRE Cohort
« Reply #156 on: January 12, 2018, 08:51:35 AM »
Still on track...

My Retirement Countdown App just went to 3 years, 5 months,4 weeks, 1 day 22 hours, 8 minutes....but who's counting?

FIRE Artist

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Re: 2021 FIRE Cohort
« Reply #157 on: January 17, 2018, 08:22:12 AM »
I am thinking of demoting myself from 2020 to the 2021 class.  My mortgage (Canadian) is up for renewal in July 2021, and that process will go much easier if I am still employed.  I can also plan to use the extra months earning as a lump sum payoff of my mortgage too, so that isn't so bad an idea either. 

Greenback Reproduction Specialist

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Re: 2021 FIRE Cohort
« Reply #158 on: January 17, 2018, 01:22:07 PM »
Still here and on track... But my list of things I want/want to do seem to keep growing and as a result, I feel like pushing it out 1 more year. But hey, its a nice problem to have. I can bring up a pretty good list of why I could work one more year.... I guess I will make that call when we get there, no sense in fussing about it yet.

As an update, we had a string of maintenance issues, taxes, state fees and medical expenses over the last couple months that pretty much depleted our safety net. So we are working to build that back up right now. Even though it sucks to see that account dwindle, it is an awesome feeling knowing that without that robust emergency fund we would have been sunk in debt. We are very grateful to have had the emergency fund, it is a big part of being financially solid and helped us stay the course.
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FIRE.... Remember, it's closer than it feels.


ScreamingHeadGuy

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Re: 2021 FIRE Cohort
« Reply #159 on: January 25, 2018, 09:55:51 AM »
I am throwing my hat into the ring for 2021.

Based on assumed market returns and contributions between now and then I should achieve my 3.5% SWR and have a loaded Roth pipeline to facilitate cutting the cord.
"We must not, in trying to think about how we can make a big difference, ignore the small daily differences we can make which, over time, add up to big differences that we often cannot foresee." - Marian Wright Edelman

dougules

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Re: 2021 FIRE Cohort
« Reply #160 on: January 25, 2018, 11:40:24 AM »
I think my probability distribution curve has moved more towards 2023, but it's still pretty wide.  It could be anywhere from 2021 to 2025 for me. 

SimplyFinanciallyFree

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Re: 2021 FIRE Cohort
« Reply #161 on: March 01, 2018, 01:12:36 PM »
A couple of years ago I was shooting for 2020 but with health care and so much else up in the air we are currently shooting for a 2021 FIRE date.

ScreamingHeadGuy

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Re: 2021 FIRE Cohort
« Reply #162 on: March 02, 2018, 01:17:13 PM »
dougules         (at 43) December 27, 2021
MarcherLady    (at 49) October 10, 2020
Chaplin           (at 47ish) March 23, 2021
Accountant007  (at 48) December 23, 2021
dreams_and_discoveries (just before 40) February 2021
GBRS              (at 36) Sept, 2021
Bownyboy       (at 29) 25th December 2021
SassyG            (at 54) (official date TBD) 2021
WildJager       (at 35) May 2021
ScreamingHeadGuy  (at 42) June 4, 2021

I guess I should pick a date so here is my three-year-out estimate.  This date should let me maximize contributions to my 401(k), Roth IRA, and HSA for the year...and end on a short week with holiday pay.  I could financially pull the cord a few weeks earlier and RE at 41, but I really want that holiday pay for some sick, twisted reason.  This will let me enjoy my daughter's summer vacation with her after she finishes first grade.

Of course I will probably get spring fever and head for the exit in March, despite this plan.  This year's stupendous weather is already making me think these next few years could be mentally challenging.
« Last Edit: March 02, 2018, 01:22:19 PM by ScreamingHeadGuy »
"We must not, in trying to think about how we can make a big difference, ignore the small daily differences we can make which, over time, add up to big differences that we often cannot foresee." - Marian Wright Edelman

frizzywhiskers

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Re: 2021 FIRE Cohort
« Reply #163 on: March 12, 2018, 08:44:48 PM »
I'd love to join in on this Cohort.  I need some peeps to share this journey with!

TARGET DATE:  November 5, 2021 - the day I turn 50, and one day past my 30th anniversary at work! - yes I started at age 20 - I was a slow starter ;-)

Goals for the next few years are:
2018 - Mortgage Payoff
2018 - 61% Stash Saved
2019 - 72% Stash Saved
2020 - 85% Stash Saved
2021 - 100% Stash Achieved

The one wrinkle in this plan is my husbands job situation.  He is currently enjoying a one year paid lay off from work and our future savings amount will be dependant on his new job situation in 2019.

Wishing everyone, including myself, great patience in this journey ahead! :-)


« Last Edit: March 12, 2018, 08:48:25 PM by frizzywhiskers »

MarcherLady

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Re: 2021 FIRE Cohort
« Reply #164 on: March 13, 2018, 07:06:23 AM »
Hello to all the newbies, and welcome -

Frizzywhiskers what a great name!

When do you plan to have your mortgage paid off?  I know that topic is a divisive subject on the boards, but having our mortgage down to <5k has been a hugs source of comfort to me!
One step at a time  ARS says I'm FI.  I'm still coming round to the idea.

Target FIRE: 10/10/2020, but I hang out with the 2021 Cohort

Chaplin

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Re: 2021 FIRE Cohort
« Reply #165 on: March 13, 2018, 11:07:31 AM »
TARGET DATE:  November 5, 2021 - the day I turn 50, and one day past my 30th anniversary at work! - yes I started at age 20 - I was a slow starter ;-)

Pull it back by just one day and you can say you retired in your forties and on the 30th anniversary of starting work, unless you meant November 5 would be your first day of retirement. I'm not sure why but I think of the day you retire as your last day at work.

frizzywhiskers

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Re: 2021 FIRE Cohort
« Reply #166 on: March 13, 2018, 08:55:21 PM »
TARGET DATE:  November 5, 2021 - the day I turn 50, and one day past my 30th anniversary at work! - yes I started at age 20 - I was a slow starter ;-)

Pull it back by just one day and you can say you retired in your forties and on the 30th anniversary of starting work, unless you meant November 5 would be your first day of retirement. I'm not sure why but I think of the day you retire as your last day at work.

Yes!  I like this plan!  Much better to retire in my forties :-)

dougules

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Re: 2021 FIRE Cohort
« Reply #167 on: March 14, 2018, 10:42:13 AM »
TARGET DATE:  November 5, 2021 - the day I turn 50, and one day past my 30th anniversary at work! - yes I started at age 20 - I was a slow starter ;-)

Pull it back by just one day and you can say you retired in your forties and on the 30th anniversary of starting work, unless you meant November 5 would be your first day of retirement. I'm not sure why but I think of the day you retire as your last day at work.

Yes!  I like this plan!  Much better to retire in my forties :-)

I'll probably retire 2 days before my birthday so I can spend a day as actually retired at age X-1. 

the_fixer

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Re: 2021 FIRE Cohort
« Reply #168 on: April 03, 2018, 08:25:20 AM »
I was waffling between 2020 and 2021 but have decided to shoot for May 2021

Looking forward to doing to following.

Slow travel with the wife spending 3-6 months at low cost locations where possible and travel around the US / Canada with our camper.

Surf
Sit on the beach / MT top and ponder often
Dive
Kayak / SUP
Hike maybe even an epic hike
MT bike
Sleep in
Volunteer as a coral farmer
Learn languages as we travel
Fish
Spend time with family
Get in better shape
Work in a dive shop for a little while to make friends with similar interests
Learn to sail and spend some time in the sea of Cortez or Florida / Bahamas

« Last Edit: April 03, 2018, 08:49:58 PM by the_fixer »