Ok, I stumbled upon this site while trying to figure out what all they hype is regarding EIAs / FIAs. Using this site and some links I now have a pretty good idea of what they are. And I'm still not enamoured to them.
I'm 56, my better half is 57. We both still work more or less part time. She worked for the Y for many years and I was a network admin in civilian life and a reserve Army Officer. At least until 2003, when I got sucked into a 12 year cycle of deployments. I'm retired from the army but cannot collect retirement pay for another 2.5-3 years, because I didn't have 20 + years of active duty. Oh well, I probably could not have tolerated 30 years of active duty. I started a business last year for accounting/ computers and property management, while the boss lady is a professor, however she will be getting her property mgt license soon and we will try to expand the business.
I'm still trying to figure out what FIRE (as in FIREcalc) means, it is Financial Independent / Retire Early or something else??? In any event I found that tool, and have some questions on that for later posts.
We both have bikes, mine is a 40 year old Raleigh Professional that I will NEVER ride to the grocery store. Hers is 30 both were bought new, mine while I was still in high school and hers as a first birthday present when we first got married. We still ride them, but not to the store.I still like to ride it, just not as a form or transportation to work, store etc. First it's a true road racing bike and the tires wouldn't last 10 miles on these streets, 2nd it's irreplaceable, and 3rd, its 95+ here every day, rainy for 6 months and humid as all hell, Not good for any type of business work environment.
Yes we've been married for 30 years this past March. No kids of our own, however she likes to dote on the numerous nieces and nephews we have.
Clown cars, yeah we have a few, four really. The reason we have 4 is because I can't fit 5 in this house that only has a 2 car garage. Try to guess the make of them. And we don't twist the key to go to the grocery store, we push buttons, just like George Jetson. Actually the two older cars have keys, and I'm always hurting my hand on the Fleetwood trying to open the doors, because the CTS & STS both have passive sensors that allow us to just open the door with the key apparatus in our pockets. The old 1968 is a convertible, and it's almost never locked so that's not a problem. I really missed my cars while i spent some 5 years in the combat zone, ( 5 trips) so I don't want to hear it. I earned the right to have them and they are paid for. And they get me to work, some 40 miles to my furthest work site. Luxury might be a weakness, but poverty Sucks.
That said I do agree that it is the height of idiocy to drive one's kids to school, when they can walk or take the bus. I have a niece that used to do that, could not get it through her thick skull how insane that was. Wife's sister used to do it as well. Oh well, they're both on her side of the family. My brother, still in the Army (SGM, but retiring this year) was not like that. His kids walked or took the bus just like we did as kids.
Still have about 12 years to finish off the mortgage. Have some funds in various 403bs, IRAs, etc. and will look to find info here and elsewhere on maximizing retirement options, etc. and possibly retire a bit early. so we can take the 1968 on a cross country trip.