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Hello from a longtime lurker
Old 08-05-2012, 12:02 PM   #1
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Hello from a longtime lurker

Hi everyone,

I've been lurking for 5 years or so, joined over a year ago and still have never posted. I'm not sure why, I'm certainly not shy and usually have something to say on every topic.

Anyway, I'm in my early 40s, married with one kid (a toddler), and live in NY. We've done pretty well on the savings front, thanks to an IPO a decade ago and some good years working at an investment bank after that. By pretty well I mean we have a net worth that is >30x annual expenses, and that is excluding real estate (fully paid off) and a college fund (fully funded for most scenarios).

There's a good chance I'll throw in the towel on working in just a year or two, partly because I'm tired of it all but also so I can be a full time Dad. My spouse really likes working, which will make it easier for me to leave, though her earnings are a fraction of mine.

As far as investing goes I'm more or less a Boglehead, though I've indulged a few non-Boglehead urges now and then.

Anyway hope to talk to you more now that I've cracked the door open.
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Old 08-05-2012, 12:46 PM   #2
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Hi Jon, welcome to the forum.
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Old 08-06-2012, 04:31 PM   #3
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Welcome! If you decide to hang up your job, you'll have to keep us posted on which one you find more tiring: working or toddler-wrangling .
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Old 08-06-2012, 04:38 PM   #4
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Welcome aboard. Congrats on reaching FI (or thereabouts) and having more options than most of your peer age group!
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Old 08-06-2012, 05:49 PM   #5
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Welcome, Jon.
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Old 08-07-2012, 04:35 AM   #6
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Thanks, everyone!
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Old 01-02-2013, 04:49 PM   #7
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Update: On track for FIRE in mid-2013, probably June.

We are downsizing, financially if not space-wise. Actually we're selling a condo in the city and buying a suburban house, but the latter is less than half the value of our condo. That add 8-900k to the kitty.

So it looks like I'll pull the plug before my 45th birthday. Wife still wants to work, so healthcare and most of our expenses are covered. On down market years we'll live on that, on good market years we'll probably do no more than take out about half the cash the portfolio generates. My guess is she'll put in another 5 years or so. We could afford to both pull the plug now, but she actually seems to like work.

Happy New Year to all! May we have another year as good as last as far as the market goes.
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Old 01-02-2013, 05:03 PM   #8
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That is a nice pile for your age. Congrats. Sounds like you have a good shot at ER.
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Old 01-02-2013, 07:04 PM   #9
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Quote:
Originally Posted by jon-nyc View Post
My guess is she'll put in another 5 years or so. We could afford to both pull the plug now, but she actually seems to like work.
Be grateful. As a late, lamented member of this august forum once said-"A working wife is like a pumping oil well."

Unfortunately, she decided that he was no longer going to profit from her flow.

And don't forget, you needn't rely solely on primary or even secondary recovery. Such things as the human equivalent of fracking, carbon dioxide insertion and water flood might prolong production just when you think all is is lost.

Ha
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Old 01-07-2013, 02:28 PM   #10
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haha, haha!
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