Author Topic: 2021 FIRE Cohort  (Read 25693 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.