Author Topic: 2021 FIRE Cohort  (Read 354408 times)

friedmmj

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Re: 2021 FIRE Cohort
« Reply #1600 on: January 06, 2022, 09:47:06 AM »
Rubyvroom confirmed 12/17/21 @ 40 y/o.

Didn't seem real until I realized I could delete their email and vpn apps from my phone, and then it was like...



They forgot to remove me from a couple of the on-call rotations, so I got a few alerts and calls after I quit. While I resented the interruptions, I did enjoy saying FU after ignoring them.

Edit: It was also fun moving all my apps related to my hobbies onto the screen real estate formerly occupied by work-related apps.

Hey there!  Congrats on the retirement.  Did you pull the trigger on relocating yet?  You were talking about seeking out a new locale after pulling the plug.

Well Respected Man

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Re: 2021 FIRE Cohort
« Reply #1601 on: January 08, 2022, 08:23:20 AM »
Hey there!  Congrats on the retirement.  Did you pull the trigger on relocating yet?  You were talking about seeking out a new locale after pulling the plug.

We sold our suburban house and moved to a city apartment, and used part of the house proceeds to buy a country/weekend/ski house. Working on the new place and managing contractors has been keeping me busy, and yesterday I went skiing for the first time at the mountain that is only 5 minutes away.

The weekend place is less than 2 hours away from the city, but the driving is getting to me a bit. My wife is still working, so we are typically in Friday afternoon rush hour traffic. I don't know how people do that every day.

friedmmj

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Re: 2021 FIRE Cohort
« Reply #1602 on: January 10, 2022, 07:43:18 AM »
Hey there!  Congrats on the retirement.  Did you pull the trigger on relocating yet?  You were talking about seeking out a new locale after pulling the plug.

We sold our suburban house and moved to a city apartment, and used part of the house proceeds to buy a country/weekend/ski house. Working on the new place and managing contractors has been keeping me busy, and yesterday I went skiing for the first time at the mountain that is only 5 minutes away.

The weekend place is less than 2 hours away from the city, but the driving is getting to me a bit. My wife is still working, so we are typically in Friday afternoon rush hour traffic. I don't know how people do that every day.

That sounds super exciting.  Gotta get the wife on board the retirement train so you can avoid that weekend traffic!

Jack0Life

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Re: 2021 FIRE Cohort
« Reply #1603 on: January 10, 2022, 11:08:32 AM »
Hey there!  Congrats on the retirement.  Did you pull the trigger on relocating yet?  You were talking about seeking out a new locale after pulling the plug.

We sold our suburban house and moved to a city apartment, and used part of the house proceeds to buy a country/weekend/ski house. Working on the new place and managing contractors has been keeping me busy, and yesterday I went skiing for the first time at the mountain that is only 5 minutes away.

The weekend place is less than 2 hours away from the city, but the driving is getting to me a bit. My wife is still working, so we are typically in Friday afternoon rush hour traffic. I don't know how people do that every day.

Nice. Where is this at ??

Malee55

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Re: 2021 FIRE Cohort
« Reply #1604 on: January 10, 2022, 02:14:59 PM »
I have not worked properly since mid July. Since then I have separated from my husband and moved into my own house, I have regularly caught up with friends for walks and swims and coffee, I have been able to support a friend when she basically got bullied out of her job, I have done some casual work for the COVID response and I have just started back in a casual position at my hospital. After nursing for 31 years I am over it. Before COVID hit I was close to the end of my tether, then I reached it. No regrets about stopping permanent work. I am going away for a couple of weeks with my sister in March, and I don't need to request leave. I love my life at the moment.

Well Respected Man

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Re: 2021 FIRE Cohort
« Reply #1605 on: January 10, 2022, 02:48:03 PM »
Nice. Where is this at ??

VerHampshire, as we call it :-)

Abe Froman

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Re: 2021 FIRE Cohort
« Reply #1606 on: January 12, 2022, 01:32:22 PM »


So ... a little update from the Sausage King.

Last I left it in this thread - was in April of 2021, https://forum.mrmoneymustache.com/welcome-to-the-forum/2021-fire-cohort/msg2826605/#msg2826605

Well - nearing the end of the summer as I was looking to close the door with my company - when my boss requested some help on a special project because the project lead found out she had a terminal illness. The project was to be done in a few months (complete at end of November 21). I had the expertise and he requested some help since they were in a little bit of a jam. I knew it was only a few months - it allowed me some part time work - and also allowed me to use up a good portion of my accrued PTO (well over 3 months worth). Moreover it maintained a good relationship in keeping the possibility for part time work in the future - should I ever want it.

So I said yes.
Retirement fail?

I don't think so - because there was nothing going on anyways - COVID was locking down all the fun things in cold weather and I figured I might as well find a way to use up my PTO.

The project went well and ended successfully on time. For the balance of Dec 2021 - I dialed in my PTO usage to leave only 3 hrs left by the time Ryan Seacrest counted down to midnight.

So for the last month of December - I have been learning to brew beer, helping the wife foster dogs, creating some small puzzle hunts for my two boys, enjoying my time getting through the holidays, and playing online poker with the extended family. This early taste of retirement is GREAT - but I haven't found my groove yet. Think I need a schedule and stick to some semblance of one, whatever turns out to be - like exercise in the morning, a house chore or two, fun thing for me - and then dinner family time. I don't know. Still cloudy/fuzzy in this.

Since I was ending my PTO - this week would really really be my last day at work. I cancelled my Corp Amex card and had my rewards points cashed into a hand-full of gift cards for myself. Nice extra $1000 coming in.
I also double checked that I backed up and saved my corp Email, you know all that stuff.

So I went ahead and sent an email to the boss saying - effectively - thank you for everything and for the PT opportunity that worked really well given my need to be super flexible.

I fully expected a 'hey - thank you, and check in with HR for any close out items.' I mean I was really planning on getting the termination letter from my company so I can upload it to my state's Health Exchange and prove for 2022 - I have no income.

But that didn't happen. The boss wants me to call since he has a few PT ideas.

I'll find out what he is thinking - but what I am really thinking about is that this is possibly gonna screw up my tax free Trad-->Roth conversion ! Good problem to have I suspect.

LightTripper

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Re: 2021 FIRE Cohort
« Reply #1607 on: January 12, 2022, 04:17:55 PM »
Congratulations @Malee55 !! That all sounds brilliant.

AO1FireTo

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Re: 2021 FIRE Cohort
« Reply #1608 on: January 12, 2022, 08:23:20 PM »


So ... a little update from the Sausage King.



Love this handle, made me laugh.  FI is all about choice.  If you choose to work part time, more power to you.  The key is that it"s up to you

ScreamingHeadGuy

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Re: 2021 FIRE Cohort
« Reply #1609 on: February 02, 2022, 08:55:38 PM »
This is the FINAL posting of the roster.  If you read this and find an error please post a follow-up to this thread (but I might never get around to fixing it - I'm retired afterall and am WAY TOO BUSY to futz with correcting data in a table).

So far we have 116 folks here who plan for FIRE in 2021 (84 have confirmed and 32 have fallen off the face of the earth), 7 have gone OMY, 5 jumped OLY into the 2020 Cohort, and one has 2LY into 2019. 

April was the most popular month with 14 FIRE-ees and February was the least popular with only 3. 

Average age of 2021ers at FIRE was 42.42 (based on those 85 members who provided an age at FIRE date).  2020 average age was 48.32.  2019 average age was 47.38.

NameAge (at FIRE)FIRE Date
Sisto5020192LY
AldiEarly 50s1/23/2020 OLY
CrazyIT563/13/2020 OLY
Mmm_Donuts3/20/2020 OLY
Marcher Lady4912/15/2020 OLY
Zinnie 38 10/22/2020 OLY
Matz_70501/1/2021
BikeFanatic551/4/2021Confirmed
Sciurus1/8/2021Confirmed
ScreamingHeadGuy411/22/2021Confirmed
12321351/23/2021Confirmed
moneypitfeeder421/29/2021Confirmed
Sultan581/31/2021Confirmed
Climber1JanuaryConfirmed
fireflye502/1/2021 
goat_music_generator272/2/2021Confirmed
dividendman382/5/2021Confirmed
texxan1492/15/2021Confirmed
Buffaloski Boris562/28/2021 
dreams_and_discoveries39February 
fiStressRelief403/1/2021Confirmed
Dreamer40403/3/2021Confirmed
Farfetchd33 3/7/2021Confirmed
skyrefuge433/12/2021Confirmed
TheContinentalOP55 3/19/2021Confirmed
logjammin393/26/2021Confirmed
Mrs. Healthywealth423/26/2021Confirmed
Blindsquirrel3/31/2021Confirmed
ronsbusa3504/1/2021Confirmed
HumanAfterAll444/2/2021Confirmed
Trede514/2/2021Confirmed
marque474/8/2021Confirmed
sailingTowardsFI434/9/2021Confirmed
Abe Froman4/16/2021Confirmed
simmias474/16/2021Confirmed
Ottawa494/16/2021Confirmed
OmgLmg4/16/2021Confirmed
Tipster350604/16/2021Confirmed
justchristine454/27/2021Confirmed
bluebelle4/30/2021 
Need2Save (Mr.)4/30/2021Confirmed
FireTheWorldOver424/30/2021Confirmed
RetireAbroadAt35AprilConfirmed
traveler5/3/2021Confirmed
LD_TAndK295/6/2021Confirmed
Peter Parker5/7/2021Confirmed
cdn5cents535/8/2021Confirmed
Geographer305/10/2021Confirmed
aethonan13335/14/2021Confirmed
MoStash535/14/2021Confirmed
amberfocus365/22/2021Confirmed
SheWhoWalksAtLunch565/28/2021Confirmed
Chaplin475/28/2021Confirmed
CoffeeR555/31/2021Confirmed SWAMI
Mrs. SlothMayConfirmed
LetsRetireYoung34MayConfirmed
gary341130May 
WildJager35May 
EricEng36May 
rightstuff556/1/2021Confirmed
ItalianGirl52 6/1/2021
phildonnia506/2/2021Confirmed
JoJo486/4/2021Confirmed
crazy jane556/7/2021Confirmed
Arbitrage436/10/2021Confirmed Coast-FI
Newstart103406/11/2021 
highlandterrier476/25/2021Confirmed
Ladychips556/30/2021Confirmed
mld33June
SunniDJune 
lukebowles7/1/2021 
Eurotexan7/1/2021Confirmed
professordough447/2/2021Confirmed
boarder42 (Mrs.)347/7/2021Confirmed
Need2Save487/8/2021Confirmed
Pylortes7/9/2021Confirmed
Dusty Dog Ranch7/12/2021Confirmed S.O.U.L.
Malee55557/17/2021Confirmed, but "employed" until 2022
FireLane397/23/2021Confirmed
NorskyJuly   
dswJulyConfirmed
icebox92368/6/2021 
Well Respected Man568/6/2021Confirmed
force majeure458/11/2021 
Nemisis.8/13/2021Confirmed
CarolinaGirl50August 
Jack0Life ('s wife)389/3/2021Confirmed
Bownyboy499/7/2021   
ospreyjp569/27/2021Confirmed
frugalecon9/30/2021
GBRS36September
MrThat'sDifferent10/1/2021Confirmed
asauer4310/6/2021Confirmed
billy3910/7/2021Confirmed
4tify5410/8/2021Confirmed
Nazar10/15/2021Confirmed
dougules4310/15/2021Confirmed
Prairie Gal 10/28/2021Confirmed
SpeedReader5610/29/2021Confirmed
HSBW3310/29/2021Confirmed
damoOctober
Boyband37October
snowball4011/4/2021Confirmed
WYOGO 11/11/2021
Canuck0424511/5/2021Confirmed
dblaace60 11/24/2021Confirmed
monarda6111/15/202140% FIRE
Money Badger5312/1/2021
Morning Glory4012/15/2021Confirmed
MoneyTree3712/15/2021Confirmed SWAMI
SmartyCat5912/17/2021Confirmed
Rubyvroom4012/17/2021Confirmed
Accountant0074812/23/2021
Fru-Gal5112/28/2021Confirmed
NoVa 12/30/2021Confirmed
Ulysses Everett McGill5512/31/2021
Blissful Biker49 12/31/2021
big_owl 12/31/2021
effigy9843December
lightmyfireJune-Sept
lemonlymanTBD
zombiehunter TBD
YoungGranny2022OMY
mindfulrun2022OMY
LightTripper2022OMY
the_fixer2022OMY
boarder422022OMY
IKAG (Dicey's husband)602022OMY
Wadiman2022OMSM

Malee55

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Re: 2021 FIRE Cohort
« Reply #1610 on: February 02, 2022, 09:56:53 PM »
Thanks for keeping track of all these retirements SHG. Yes! once you are retired you don't need to muck around with data tables. Yay for not working!!

Abe Froman

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Re: 2021 FIRE Cohort
« Reply #1611 on: February 03, 2022, 07:03:21 AM »
Just found this handy tool if it comes to be useful. Self explanatory

https://tableconvert.com/excel-to-bbcode


Much Fishing to Do

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Re: 2021 FIRE Cohort
« Reply #1612 on: February 03, 2022, 07:15:33 AM »

Average age of 2021ers at FIRE was 42.42 (based on those 85 members who provided an age at FIRE date). 

WOW!

goat_music_generator

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Re: 2021 FIRE Cohort
« Reply #1613 on: February 03, 2022, 11:22:29 AM »
Today is my 1-year anniversary of RE! (counting from the first day I was jobless)

... Man, it's been a weird fucking year.

FireLane

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Re: 2021 FIRE Cohort
« Reply #1614 on: February 04, 2022, 06:54:15 PM »
Thanks for keeping the roster, SHG! And congrats again to everyone in the 2021 cohort!

I recently celebrated six months of early retirement. I wrote about it in my journal, if anyone wants to compare notes.

Dreamer40

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Re: 2021 FIRE Cohort
« Reply #1615 on: February 13, 2022, 09:13:58 PM »
Ooh, I’m loving the 1-year updates. Keep ‘em coming.

My FIRE anniversary is coming up in a few weeks. I feel like it took me maybe half a year to settle. I did an insane amount of edible landscaping in my yard last summer and enjoyed a break from it over the winter. I also spent a lot of time building relationships with family and community people who share my interests. My weekly routine has gradually become more settled, but still flexible, in a way that I really like. There are certain things I do weekly, plus big blocks of unstructured time that I always fill up with whatever project currently interests me.

Overall, I feel like my life is more full and interesting than pre-FIRE. People keep asking me if I’m going back to work. I thought about it a few times, especially early on, and looked around but nothing felt right. And now I have a guy who keeps occasionally contacting me to do some work for him, but I can’t imagine sitting in front of a computer again. And now that my life has filled up, even a few hours a week of work wouldn’t align with my priorities for this year. I’ve gotten better at even setting priorities instead of just getting swept away by whatever is front of me. And I’ve become more patient and less rushed. Also less stressed by things that go wrong. I like the retired me :) I’m excited about 2022.

Fru-Gal

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Re: 2021 FIRE Cohort
« Reply #1616 on: February 15, 2022, 10:36:42 PM »
I love the updates as well, and read them assiduously. For me, a month and half in, I am noticing some interesting things. Early on, I had brief bouts of "ennui" at night. Perhaps eliminating the background constant thinking about my job freed up some mental cycles? I have NOT thought about the job AT ALL.

I have been contacted by 4 colleagues for work. I need to be better and clearer about saying no. The first zoom meeting I took (for something that I thought I should just make sure wasn't a great opportunity, even though I figured it wasn't) was so classically corporate. The guy barely asked me any questions and instead gave me a 45 minute sales pitch for their product. At the end I think we mutually agreed it wasn't a fit, because I had already defined for myself certain work that I wasn't going to do again, and when I clarified to him that I wouldn't do *that* task but was possibly considering *this* task, he didn't like that.

After the call, I had a flashback of my pre-corporate life of invoicing client companies and trying to get paid. At that moment I realized that unless it is fully in the realm of my passion project (and perhaps not even then), I ONLY want passive income. I don't want to invoice, I don't want to carry small biz insurance, I don't want to listen to some asshole pontificate. As someone else on this forum put it recently, I don't want to do it the way they want it, only the way I want it. Anyway, that was clarifying. However, I still need to follow up to two requests and politely decline. I declined another but even there was a bit equivocal and said check back in a few months, even though, again, I have no desire to do that work (for my old company, no less)!

I'm trying to be a bit kind to myself. I still have my checklist mentality about my day, but I will remind myself that it's OK if I don't do anything at all.

Also, there's a lot of releasing, but in the best way. I am the kind of person (I'm sure common on this forum) who becomes quite immersed in their profession. To realize now that I don't have to care about any of the attendant aspects of my former profession anymore is amazingly freeing. I thought I would feel like it was a waste of my decades of experience. Instead it's simply a chapter that's closed now. Sure, I could come back to it. But I have shut off all news from my former profession.

The biggest thing so far is a sense of wonder/disbelief at this truly working out. Like, it still seems impossible to me that I actually saved enough to live off my investments. But I want to reiterate what many have said: leave as soon as you have "enough" (or before). You are truly master of your fate when you can say "I came, I worked, I saved -- and then I left and started a whole new phase of my life." NO RAGRETS!!!

« Last Edit: February 15, 2022, 10:42:27 PM by Fru-Gal »

LightTripper

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Re: 2021 FIRE Cohort
« Reply #1617 on: February 16, 2022, 03:32:19 AM »
Thanks for all the updates!  As somebody who OMY'd into 2022 (albeit part time) this definitely helps me prepare for what's ahead.

@Fru-Gal I found what you wrote about moving on from your professional sphere really interesting.  I nearly signed up for a conference this morning that might have been interesting (relates to an area I used to do a lot of work on, and is currently zooming back up the news agenda) but had no possible relevance to my one remaining work project.  I'm not planning on sourcing any more, I'm not planning on working on any projects in that area ever again - so I do not need to spend even one day of my life and even £x of my company's money learning more about it.  If I want to find out more I'm sure there are dozens of articles and videos in the public domain I could use to read up in a leisure kind of way (looking at the topic more generally, rather than from the perspective of my particular professional field of interest). 

It feels definitely weird to withdraw from a field I've been so immersed in for 25 years but on the other hand, I think if I try to stay "current" I will end up prolonging some of the stress into my post-work life and taking away energy I could otherwise be using to step forward positively into whatever is next.  I'm not sure if I'll have the confidence to go absolutely cold-turkey, but I can see that it  might be the healthiest way for me, once I've done some initial decompression/transition processing.

Well Respected Man

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Re: 2021 FIRE Cohort
« Reply #1618 on: March 14, 2022, 11:11:26 AM »
I'm now 7 months FIREd, and not regretting leaving at all. I only wish I had pushed to do it sooner, as I am 56. I feel like my body is breaking down and getting in the way of the physical activities I want to do. I am generally accepting of minor infringements, such as knee pain preventing jumping/basketball/volleyball/etc., or stiffness and minor aches and pains that come with aging. But I am not pleased about sciatica and back injuries that lead to months of sedentary life. I have plenty of non-physical interests to work on and play on, but I'm a big believer in staying fit as a lifetime activity and extender. So I'm working hard to heal, and hope to be back on the active track soon.

Bottom line to anyone young who might be reading: make the sacrifices to get your freedom as soon as you can. Stay in shape now and when you retire.

dblaace

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Re: 2021 FIRE Cohort
« Reply #1619 on: March 14, 2022, 01:15:40 PM »
I'm now 7 months FIREd, and not regretting leaving at all. I only wish I had pushed to do it sooner, as I am 56. I feel like my body is breaking down and getting in the way of the physical activities I want to do. I am generally accepting of minor infringements, such as knee pain preventing jumping/basketball/volleyball/etc., or stiffness and minor aches and pains that come with aging. But I am not pleased about sciatica and back injuries that lead to months of sedentary life. I have plenty of non-physical interests to work on and play on, but I'm a big believer in staying fit as a lifetime activity and extender. So I'm working hard to heal, and hope to be back on the active track soon.

Bottom line to anyone young who might be reading: make the sacrifices to get your freedom as soon as you can. Stay in shape now and when you retire.
I can relate to this! The past three months I've been rethinking all of my retirement plans. My health seems to be accelerating in the wrong direction.

EscapeVelocity2020

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Re: 2021 FIRE Cohort
« Reply #1620 on: March 14, 2022, 02:14:03 PM »
I'm now 7 months FIREd, and not regretting leaving at all. I only wish I had pushed to do it sooner, as I am 56. I feel like my body is breaking down and getting in the way of the physical activities I want to do. I am generally accepting of minor infringements, such as knee pain preventing jumping/basketball/volleyball/etc., or stiffness and minor aches and pains that come with aging. But I am not pleased about sciatica and back injuries that lead to months of sedentary life. I have plenty of non-physical interests to work on and play on, but I'm a big believer in staying fit as a lifetime activity and extender. So I'm working hard to heal, and hope to be back on the active track soon.

Bottom line to anyone young who might be reading: make the sacrifices to get your freedom as soon as you can. Stay in shape now and when you retire.

What age did things start to decline?  I hear that the 50's can be a tricky time to navigate.  I'm in my late 40's and still running half marathons at similar times as I did 10 years ago...

(Edit to remove overly large attachment of my half marathon finish times...)
« Last Edit: March 17, 2022, 09:23:07 AM by EscapeVelocity2020 »

lightmyfire

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Re: 2021 FIRE Cohort
« Reply #1621 on: March 14, 2022, 03:56:41 PM »
I'm very late in this update - too much to do in early retirement!

I ended up giving my notice in October and finishing up at the end of December. But I'm kind of cheating (shh, don't tell the retirement police) because I've been helping out at work one day a week. I have to say, it really makes no difference at all to my bottom line, but the little extra income has been psychologically useful during these times of high inflation and tanking stocks. Any of you other recent retirees doing daily gut checks? Mostly I'm staying serene, but part of me wonders if I have the worst timing ever...

At least I bought a house for the right price at the right time. It cut my housing expenses in half, and helped me feel more balanced in my portfolio. If all the shit hits the fan, I have plenty of room for flexibility in my spending (plus I'm living off a cash cushion for the first two years, so mostly I just plug my ears and close my eyes and ignore what the market is doing)

Malee55

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Re: 2021 FIRE Cohort
« Reply #1622 on: March 14, 2022, 05:32:06 PM »
I'm a bit the same @lightmyfire. I am doing some casual work as I know that I am needed at the hospital and it gives me some extra money to do maintenance around the house. I have enough cash in the bank to live off for a few years so I am not looking at my superannuation balance. And I know that I can really reduce my living costs if needed. At this stage I am not worried about my finances, but am keeping an eye on how things are going.

Well Respected Man

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Re: 2021 FIRE Cohort
« Reply #1623 on: March 16, 2022, 07:22:12 AM »

What age did things start to decline?  I hear that the 50's can be a tricky time to navigate.  I'm in my late 40's and still running half marathons at similar times as I did 10 years ago...

Well, my PRs in lifting are all from 10 years ago, 5k PR is from 2019 (23:16). I fell on my ass and hit my head trying to play volleyball with the kids in like 2017. Around 2014 my back started hurting when I stand or walk for a lengthy period. Probably 2012 my knees spoke up about jumping. BP was rising through my 40s and early 50s, so had to make dietary changes. I'm sure there's plenty more that I could have done to avoid some of the injuries, but some of it is just getting old.

I'm in my first ever stint of physical therapy now, and making some realizations just from the questions they ask. I recommend it for any training injury, even if it's for the learning experience.

Like I said, I'm going to be back to active status soon, just with further lowered expectations. In my 40s, I had visions of winning races in my age group at 50 or 60, but it's not going to happen, and I'm OK with that.

EscapeVelocity2020

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Re: 2021 FIRE Cohort
« Reply #1624 on: March 16, 2022, 09:49:19 AM »
Sounds like you stay as active as you can.  PR from 2019 is pretty recent, I'm not expecting to set PR's even if I dedicated my life to it.  I am trying new things, more cross training and exercise-related travel...  Similar to what you said, I'd once thought my middling performances would start to look good when I moved in to the 50+ age group, but there are some badasses out there!

Fru-Gal

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Re: 2021 FIRE Cohort
« Reply #1625 on: March 16, 2022, 09:31:31 PM »
Of course I have had a few thoughts seeing my investments fall from that lovely $1 million but the truth is I have been through much worse (2008 and other stuff). So far I have only been living off my cash and seeing how long it will last. I certainly don’t have years of cash; I only have probably six months. Honestly I wish I could buy some VTSAX right now but I guess I’m not doing that anymore lol.

Arbitrage

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Re: 2021 FIRE Cohort
« Reply #1626 on: March 21, 2022, 09:29:53 AM »
Our coast-FI plan is working out great so far, 8 months in.  Still figuring out what constitutes our recurring spending level with our new life and location; some budget line items are cheaper than before, but some are more expensive, especially with current inflation levels.  The lifestyle is so much better, though, and I'm still completely in love with our chosen location. 

One observation has been the necessary mental shift in savings with part-time work.  Even at half-time, we still spend far less than we make...but after taxes and maxed-out workplace savings plans, it's actually pretty close to money in = money out.  That can make the occasional big expenses *feel* like they're an emergency, even though they're not.  Since we're getting hit with a bunch of big expenses right now, we have to keep telling ourselves that it's all budgeted for, and we have plenty of savings. 

Obviously, the mental shift to no income will be much bigger, but I wasn't really considering that it would feel different to be pseudo paycheck-to-paycheck instead of having a huge chunk of extra cash every month to dump into our taxable savings.

Ladychips

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Re: 2021 FIRE Cohort
« Reply #1627 on: March 21, 2022, 09:43:35 AM »
Today is the Monday after spring break, and I didn't have to go to work.  I stayed in bed later than usual to celebrate.

Dicey

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Re: 2021 FIRE Cohort
« Reply #1628 on: March 21, 2022, 09:45:35 AM »
Today is the Monday after spring break, and I didn't have to go to work.  I stayed in bed later than usual to celebrate.
Ha, apparently I'm celebrating with you.

Fru-Gal

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Re: 2021 FIRE Cohort
« Reply #1629 on: March 21, 2022, 02:17:26 PM »
Quote
Obviously, the mental shift to no income will be much bigger, but I wasn't really considering that it would feel different to be pseudo paycheck-to-paycheck instead of having a huge chunk of extra cash every month to dump into our taxable savings.

For me that aspect is similar to being FI while working: Even if I “spend” my whole paycheck (paying myself first), l know l have enough saved to walk away. In my case my husband is still working and while he doesn’t make much, I have been replenishing my cash cushion with occasional contributions from him.

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Re: 2021 FIRE Cohort
« Reply #1630 on: March 21, 2022, 02:20:36 PM »
Today is the Monday after spring break, and I didn't have to go to work.  I stayed in bed later than usual to celebrate.

My spring break is January-May this year.

Dreamer40

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Re: 2021 FIRE Cohort
« Reply #1631 on: March 21, 2022, 03:41:03 PM »
Today is the Monday after spring break, and I didn't have to go to work.  I stayed in bed later than usual to celebrate.

Crazy thing: I’m actually getting up earlier than I used to while working. On purpose! :) I’m surprised at myself, but it turns out that I enjoy getting up at 6am to do the stuff I want to do. I just didn’t want to get out of bed to deal with work.

And yay spring! I’m so antsy for warm weather. We’re having a freak 70-degree day tomorrow and I’m preparing for it like it’s a holiday. All the patio furniture is coming out, some local grassfed T-bones are defrosting in the fridge, and I’m thinking about what wine I want to go buy from the shop. So glad I can enjoy the random warm weekday instead of wasting it behind a desk.

asauer

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Re: 2021 FIRE Cohort
« Reply #1632 on: April 20, 2022, 06:50:05 AM »
Jumping on to do a 6 month update!  I FIRE'd in Oct 2021 and it was a rollercoaster.  I was so, so burned out.  Two really shitty bosses back to back plus a pandemic as an HR professional was a nightmare.  I knew I was burned out but didn't realize how much until I stopped working.  Honestly, I basically stared at the wall for the first month.  Slowly, I began to feel like myself again, probably 3 months.  During that time I discovered actual hobbies.  I've always been an avid reader/writer but I really had nothing else.  Turns out I love embroidery and home building projects.  Then I actually got up and excited for the day. 

And about a month ago I finally was in a head space to realize that I don't think my career is over.  I just needed a break very badly.  So, I'm jumping back into W-2 work, started a new job on Monday!  But here's what's different this time:
1. Fully remote, I will never to go an office again
2. I will be doing my job, a good job and nothing more.  I'm not taking on 'stretch' projects or doing other peoples' work.
3. I will be taking daily breaks (hello lunch time workouts) and my PTO
4. I will have a great opportunity to build my Vanguard charitable account- I am SUPER psyched about this
5. I will hire a house cleaner.  During FIRE I discovered that it wasn't just stress that made me hate cleaning.  I hate it for real.

And, I'll FIRE again whenever I'm ready.  I won't let myself get back to where I was before- I'm a much better person, wife and mom now.

LightTripper

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Re: 2021 FIRE Cohort
« Reply #1633 on: April 20, 2022, 11:02:38 AM »
Great update @asauer , sounds like it's been a really worthwhile process, congratulations!

LD_TAndK

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Re: 2021 FIRE Cohort
« Reply #1634 on: May 01, 2022, 09:00:03 AM »
About a year into FIRE now and it's been excellent. I love always having the time to tie up loose ends that would've sat for months while I was working. I love always having the time and energy to say yes to projects, helping people out, spontaneity. We've gone on so many trips and done so many things we've wanted to do. I've gotten heavily into a volunteer organization and do about two full days a week there. I've been on top of my fitness and am in the best shape of my life.

I hardly look at my finances anymore. I have a generally rosy optimistic outlook on everything. Top notch, 10 out of 10, do recommend.

2Birds1Stone

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Rubyvroom

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Re: 2021 FIRE Cohort
« Reply #1636 on: May 06, 2022, 03:02:56 PM »
We retired in December. This is the first year in my life that I've been sunburned by May 6th. As soon as the gloomy thunder-snow days ended here in Minnesota we were outside working our acreage. I think I've gotten more sun this past week than I have the past few years. I had a call from my previous employer two weeks ago asking if I would come back and consult. Erm... I have a chicken coop to build, gardens to turn, trees to plant... sorry, can't pencil you in, life called me first. :D

Obvs would be great if markets would stop taking a shit but life is good, I can't complain.

Fru-Gal

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Re: 2021 FIRE Cohort
« Reply #1637 on: May 07, 2022, 01:56:53 PM »
That's so funny, I wonder how many of us are going to be pursued by our former employers this year? Does it take 4-6 months for them to realize we're not so replaceable after all?

dblaace

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Re: 2021 FIRE Cohort
« Reply #1638 on: May 07, 2022, 06:02:22 PM »
That's so funny, I wonder how many of us are going to be pursued by our former employers this year? Does it take 4-6 months for them to realize we're not so replaceable after all?

I've been back on a consulting basis, 10-20 hours a month sine Feb. Eight hours today and twelve hours far this month. It has covered my spending pretty much.

Arbitrage

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Re: 2021 FIRE Cohort
« Reply #1639 on: May 09, 2022, 10:26:14 AM »
We went coast-FIRE rather than full FIRE, which is proving to be a load off of our minds in the current environment.  Since we were on what I consider to be the ragged edge of financial comfort when we made the leap, we'd be sweating bullets without the continued income, given that even most of the safe assets are down double digits, while our costs are going up much faster than expected.

It's good not to need to withdraw anything, as well as to keep saving/investing.  Sure, we're not investing anywhere near as much as we were before RE, but we're still managing to max out employer accounts. 

Fru-Gal

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Re: 2021 FIRE Cohort
« Reply #1640 on: May 09, 2022, 04:03:55 PM »
I still haven't sold any stocks but am almost out of cash. Actually if I put off a little home improvement I probably have 2 more months of cash. So this is actually really cool to me. Of course in hindsight selling some stock earlier this year would have been better, and probably having a DCA approach to withdrawals would make sense. All I did so far was deposit some dividends/gains but that wasn't much. I also have two tiny payments coming in for contract work in my passion project. I also want to create some passive income streams relating to that, and maybe get more contract work there so long as I enjoy it.

Peter Parker

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Re: 2021 FIRE Cohort
« Reply #1641 on: May 10, 2022, 01:42:25 PM »
Just celebrated our one-year retirement anniversary.  Love, love, love it!

Before retiring we hired a for-fee financial advisor to help us to decide whether to take a lump sum payment or pension.  We told them all of our hopes and dream in retirement and they ran a number of "monte carlo" scenarios to see which option would best suit our retirement desires...I always thought we'd take the lump sum, but the various models showed we would have a much better chance (99%) of doing everything we hoped, if we took the pension.  The pension was the better scenario for us, even if one of our pensions went belly-up...And so we made the decision to go with the pension--and I'm so glad we did in this market.

That is not to  say, the market downturn hasn't been concerning--We have delayed some withdrawals from our deferred comp, hoping that the market will recover.  But as of now, we are still doing everything we hoped.

Here's to hoping everyone can find some peace in this volatile market.  But have faith in your plan...history tells us what to expect.

ScreamingHeadGuy

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Re: 2021 FIRE Cohort
« Reply #1642 on: May 27, 2022, 09:11:33 PM »
Since I've just finished another circuit around the sun I figure I'll give my...16-month post-FIRE update.   

After a few weeks of binging on sleep and reading fantasy novels I soon settled into a nice routine. 

The first thing about retirement - I feel like I'm SO BUSY.  In fact, I often feel 2FB (Too Fricking Busy).  But it's a life filled with activities that I choose to fill it with, rather than some arbitrary-busy-work-with-a-deadline BS from an external source. 

What's different (and better) from pre-FIRE?  Well let's just do a bullet-list (because I'm 2FB to create a long narrative about all this stuff).  You'll see it's mostly based on utilizing my time in a more self-defining or relationship-affirming way. 

-Way more volunteer time at church.  I'm now a catechist, on a second committee, serve hospitality (coffee and donuts) on Sundays, and am just all-around available to help out.

-More involved in local governance.  I've increased the time I spend on steering committees and time spent advocating for local issues with state legislators (or trying to - feels like beating my head against an ideological wall most times).

-More time for family. Helping daughter with schoolwork.  Reading, watching shows (mostly PBS - Nature and Nova are fascinating to the girl), and just chatting with the family is a good way to spend the evenings (those few when the wife or daughter aren't busy). 

-I'm the household-manager now.  I do errands, plan the menu and cook the meals (although the wife usually does one supper per week), etc.  It's nice to make lists and plans to try and achieve "maximum efficiency" with housework - makes it a challenge rather than drudgery. 

-Way more time to exercise.  I can regularly spend 2.5 hours a day between cardio and light strength training.  My body is way more toned.   

-Catching-up on old video games I'd been accumulating.  My list still has nine titles I've owned for a while (some need to use DOSBox to run - yeah I've been a bad gamer) that I still want to finish.  It was my hope to play all the current games in my collection before I bought a new computer and tried some new titles, but then my 9-year-old system's power source went and I took that as a sign to just spend some money and by a new tower - and I'm not regretting it for the increased speed and graphics capabilities. 

-Naps are awesome!  Seriously why do we, as a species, ever go through the "I don't want to take a nap" phase as 3-4 year-olds and then ruin this experience for the next 40-60 years of our lives? 

What's worse? 

-On a routine basis - nothing.

-Our plan to host a foreign exchange student for the 21/22 school year didn't pan out; that kind of thing can happen when you bring someone from a totally different culture and background into your family.  Still we're going to give it another shot for 22/23 (and hope for an experience closer to our 19/20 student). 

What's the same?

-The dog.  She still insists on sleeping in my bed, and on top of me when I try to nap in the recliner.  I'm still her primary caretaker (even though it was the wife and daughter who wanted it...).  Dog still reacts with wild abandon when the wife gets home, and does nothing when I do.  She still loves taking walks, but hates having her harness put on. 

Finances
When I FIRE'd my stache was at 34x spending and as of March (2FB and I just didn't want to run the April numbers) it was at 38x.  My wife took a big corporate job right as I was FIRE'ing and that lasted about 6 months before she FU'd out of there and took an AmeriCorps position - so her income, plus the little bit I get from my government service, tax refunds, gifts, and cash withdrawals (see below) has meant we've mostly left the stache alone to do its thing so far (we did use some dividends and some capital gains from one of our individual stocks which I'm trying to reduce exposure to). 

We'd also had 2.5 years' worth of spending in cash - because I knew there'd be some big expenses coming up soon.  After replacing our roof, fence, and siding we're now down to just about 2 years' expenses in cash.  I anticipate this ratio will go lower by the end of this calendar year. 

Regarding spending - our 2021 numbers came pretty close to the anticipated budget (the categories for travel, home improvement, and car replacement were WAY off - but those categories were always meant to be a wild guess where some years would be high figures and other years nothing).  Our "core" spending was about $29k and, with home improvements, the total was just shy of $41k. 

Now that's about all I've got to say about that.  Hope everybody has a nice summer of FIRE. 

Fru-Gal

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Re: 2021 FIRE Cohort
« Reply #1643 on: May 27, 2022, 09:21:26 PM »
Thanks for the update! I never get tired of hearing what FIRE people are doing!

Malee55

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Re: 2021 FIRE Cohort
« Reply #1644 on: May 28, 2022, 04:44:34 PM »
I agree with Fru-Gal as I really like hearing what people decide to do when they retire from their permanent job.
My dad always used to go on about how he did not know how he fitted in work and now I can see why. I have found so many other things I want to do. I can help a family member with moving, I am visiting people I have not seen in many years and enjoying simply not working.

LightTripper

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Re: 2021 FIRE Cohort
« Reply #1645 on: May 30, 2022, 07:25:03 AM »
Great update - thank you from a 2022 cohort member (who OMY'd from 2021, or possibly even 2020!!)

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Re: 2021 FIRE Cohort
« Reply #1646 on: May 30, 2022, 11:00:03 AM »
Thanks @ScreamingHeadGuy , this is extremely similar to how I picture my soon-FIRE to be and so its nice to hear of someone living and enjoying it.  I actually picture everything until lunch to be the cardio part, so maybe more like 3.5 hrs, but who knows.  And, oh my word, as someone who only has a very inconvenient 3.5 hour sleep cycle anyway, so struggles getting enough sleep during the night, I absolutely love a nap.

Aethonan

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Re: 2021 FIRE Cohort
« Reply #1647 on: May 30, 2022, 06:24:46 PM »
Quick update to say that, after quitting in May 2021, I'm still doing the unexpected, fully remote, part-time (10-20 hrs/week) work that cropped up barely 2 months after quitting.  It's surprisingly fun to use the skills without the constant pressure, and for causes and clients I care about.  It means time freedom, plus not needing to tap into savings, which I find freeing right now.  I still haven't pinned down a detailed drawdown plan, though I know I should've before pulling the quit trigger... I guess part of me knew I wouldn't need it for a while?  DH is wrapping up his own work now too, so we're just enjoying the PDX life, pursuing hobbies, and finding some meaning in productive activities of different kinds.  It's so far from the "pure leisure" that I thought I was aiming for... I guess all that BS people kept saying about "balance" wasn't so crazy after all lol.

All that is to say, another 2021 class story supporting the flex-FIRE approach ;)

Peter Parker

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Re: 2021 FIRE Cohort
« Reply #1648 on: June 08, 2022, 10:33:00 AM »
Just got a call from my old job, asking that I fill in for an employee that will be out for 6-8 months on medical leave.  Could have made my old salary for that time....The money lure was tempting, but I thought about whether the money was something I "needed."  I kept asking myself whether I have "enough" already?  The answer was always "yes" and I told my old boss, "Thanks, but no thanks."

Instead, I will be traveling in Vietnam, Laos, and Cambodia.  I think that will be imminently more enjoyable :-).  FIRE > Working

Malee55

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Re: 2021 FIRE Cohort
« Reply #1649 on: June 08, 2022, 03:42:02 PM »
It's a nice feeling when you know you don't need the money so you can afford to just say no.

 

Wow, a phone plan for fifteen bucks!