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07-25-2017, 12:09 AM
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#1
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Recycles dryer sheets
Join Date: Aug 2015
Posts: 86
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I'm At F.I. Finally!
New here and have achieved my goal!
Been aggressively saving to get to F.I. over the past few years. I'll be 57 this year. Working full time but am expecting my job to end through a layoff sometime soon, definitely this year. I've just reached F.I., the timing is good.
I've already maxed out my 401K for the year, have got most of my HSA maxed out, already funded my yearly Roth IRA, converted my after-tax 401K contributions to 401K Roth through in-service conversions. Still have a mortgage but rate is low and I've been paying extra in principal along the way. No pension, no golden handcuffs, already got my bonus.
So I'm ready!
I've used multiple retirement calculators, including FIREcalc to run scenarios for the next 35 to 40 years and all looks great with a 97% success rate.
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07-25-2017, 12:15 AM
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#2
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Recycles dryer sheets
Join Date: Jan 2014
Posts: 456
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Really happy for you. Congratulations! You'll love being FIRE!
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07-25-2017, 04:32 AM
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#3
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Thinks s/he gets paid by the post
Join Date: Jan 2017
Location: Hog Mountian
Posts: 2,077
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Welcome to the Freedom Zone!
__________________
Never let yesterday use up too much of today.
W. Rogers
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07-25-2017, 04:56 AM
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#4
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Thinks s/he gets paid by the post
Join Date: Apr 2007
Posts: 2,360
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 Quote:
Originally Posted by IrishMoss
Been aggressively saving to get to F.I. over the past few years.... Working full time but am expecting my job to end through a layoff sometime soon, definitely this year. I've just reached F.I., the timing is good.
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You made it! Your timing is great! 
__________________
"To know what you prefer, instead of humbly saying Amen to what the world tells you you ought to prefer, is to have kept your soul alive". Robert Louis Stevenson, An Inland Voyage (1878)
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07-25-2017, 05:36 AM
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#5
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Moderator
Join Date: Feb 2010
Location: Flyover country
Posts: 25,349
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Quote:
Originally Posted by IrishMoss
expecting my job to end through a layoff sometime soon, definitely this year. I've just reached F.I., the timing is good.
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Timing is perfect -- congratulations!
Quite a few of us used an expected layoff as a reason to hang on a few more months. That's what I did at 55 and it was delightful to walk in to the room with a huge grin as the long-faced boss sorrowfully told me the news.
__________________
I thought growing old would take longer.
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07-25-2017, 05:52 AM
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#6
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Thinks s/he gets paid by the post
Join Date: Aug 2010
Location: Back woods of Fennario
Posts: 1,170
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Welcome & congrats! Man, I wish I had a layoff looming in my future. (That was strange to type....)
__________________
"Time wounds all heels...." - Groucho Marx
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07-25-2017, 06:37 AM
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#7
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Thinks s/he gets paid by the post
Join Date: Oct 2016
Location: The Shire
Posts: 1,504
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Huzzah! It's great to hear these stories of happy convergences. They remind me of a verse from "Fiddler on the Roof":
We know that when good fortune favors (two) such men,
it stands to reason we deserve it too!
L'chaim! (To life!)
__________________
Paying it forward is the best investment.
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07-25-2017, 07:04 AM
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#8
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Recycles dryer sheets
Join Date: Nov 2015
Location: Fort Myers, FL & Lake Of the Ozarks, MO
Posts: 230
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Congratulations !!!!! Not just GetRDone ...... Life is better, RETIRED
__________________
Live Life
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07-25-2017, 09:20 AM
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#9
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Thinks s/he gets paid by the post
Join Date: Mar 2017
Location: New York City
Posts: 2,838
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Nice, Great first post, your happy ending is just a new beginning for you.
__________________
Withdrawal Rate currently zero, Pension 137 % of our spending, Wasted 5 years of my prime working extra for a safe withdrawal rate. I can live like a King for a year, or a Prince for the rest of my life. I will stay on topic, I will stay on topic, I will stay on topic
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07-25-2017, 12:04 PM
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#10
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Full time employment: Posting here.
Join Date: Jul 2014
Posts: 930
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Congrats. Although I'm still working, having at least a base level of FI relieves a lot of work stress.
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07-25-2017, 12:15 PM
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#11
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Thinks s/he gets paid by the post
Join Date: Jul 2006
Location: Denver
Posts: 3,518
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Congrats! Welcome.
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07-25-2017, 12:18 PM
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#12
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Thinks s/he gets paid by the post
Join Date: Sep 2016
Location: Acworth
Posts: 1,214
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Congrats 
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07-25-2017, 12:39 PM
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#13
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Recycles dryer sheets
Join Date: Nov 2015
Posts: 206
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Congratulations, you've earned it! Now, I hope that you get a generous severance when the time comes!
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07-25-2017, 03:39 PM
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#14
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Recycles dryer sheets
Join Date: Aug 2015
Posts: 86
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No generous severance since I've been with this company just a couple of years. And I don't know 100% that I'm getting laid off, but since I have nothing to do (and there's overlap in roles) I assume I will be bounced outta there soon. Either way, I'm prepared.
Will I fully retire and never ever work again? I'm not sure. I may take a contract job at some point, but it's good to know it's optional and I'll be okay if I don't. I won't be taking SS benefits until age 67, so 10 yrs and few months to go for that.
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07-25-2017, 06:07 PM
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#15
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,363
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Congratulations and well done!
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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07-26-2017, 11:55 AM
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#16
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Thinks s/he gets paid by the post
Join Date: Feb 2014
Location: Syracuse
Posts: 3,502
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Good job and Congrats!
__________________
“No, not rich. I am a poor man with money, which is not the same thing"
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07-26-2017, 12:14 PM
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#17
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Thinks s/he gets paid by the post
Join Date: Sep 2013
Location: Cincinnati, OH
Posts: 4,373
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Good for you! Hang in there and maybe get a nice layoff package as you smile going out the door. Or if that does not happen, just retire anyway and stillbe smiling.
__________________
The problem isn't artificial intelligence, it's natural stupidity.
You can't spend yourself to prosperity.
Semi-Retired 7/1/16: working part-time (60%) for now [4/24/17 changed to 80%]
Retired Aug 2, 2017; age 53
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07-26-2017, 12:16 PM
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#18
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Thinks s/he gets paid by the post
Join Date: Feb 2004
Location: Switzerland
Posts: 1,047
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Live the dream! It's fantastic. Congratulations.
-BB
__________________
FIREd, April 1, 2015. My Retirement Benefits Package includes: 6 months vacation, twice a year.
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07-26-2017, 01:38 PM
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#19
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Full time employment: Posting here.
Join Date: Jul 2010
Location: San Francisco
Posts: 862
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congrats!
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07-27-2017, 08:27 AM
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#20
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Thinks s/he gets paid by the post
Join Date: Apr 2007
Posts: 2,360
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Quote:
Originally Posted by IrishMoss
I don't know 100% that I'm getting laid off, but since I have nothing to do (and there's overlap in roles) I assume I will be bounced outta there soon.
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Yes, sounds like it's merely a matter of time. 
__________________
"To know what you prefer, instead of humbly saying Amen to what the world tells you you ought to prefer, is to have kept your soul alive". Robert Louis Stevenson, An Inland Voyage (1878)
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