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01-04-2018, 04:55 PM
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#1
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Dryer sheet wannabe
Join Date: Jan 2018
Posts: 10
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I'm in!
At end of the month my wife and I will have achieved our goal of FIRE @57 yrs old with paid off mortgage and no debt. We were hoping to do it a bit earlier but I stuck it out at work for a couple extra years to get about a year's severance that came about with the relocation of my work group (huge carrot to stay!). Tracking our spending for the year brings us well under a 3.5 to 4% threshold so we are comfortable with our numbers. SS will be a bonus. I think the main thing will be to work out a strategy for reducing our tax burden as we transfer 401k savings to Roth. Hopefully there is a wealth of posts on this. Anyway, this is something we have been planning for over 25 years, so it does feel great to finally achieve our goal. It will be interesting to adjust our mindset from saving to (judicially) spending and not having a paycheck hitting twice monthly!
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01-04-2018, 05:35 PM
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#2
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Thinks s/he gets paid by the post
Join Date: Jul 2009
Posts: 1,934
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Nah, go live it up and spend like mad!
Just kidding. Congrats!
__________________
And if I claim to be a wise man, it surely means that I don't know.
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01-04-2018, 06:08 PM
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#3
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Thinks s/he gets paid by the post
Join Date: Mar 2004
Posts: 3,433
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Congrats and welcome aboard! 
omni
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01-04-2018, 06:24 PM
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#4
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Recycles dryer sheets
Join Date: Sep 2017
Posts: 95
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Nice!! Enjoy
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01-04-2018, 07:28 PM
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#5
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Moderator
Join Date: Apr 2012
Location: San Diego
Posts: 14,212
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Welcome and congratulations.
__________________
Retired June 2014. No longer an enginerd - now I'm just a nerd.
micro pensions 6%, rental income 20%
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01-04-2018, 10:17 PM
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#6
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Full time employment: Posting here.
Join Date: Mar 2017
Posts: 629
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Congratulations!
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01-05-2018, 04:13 AM
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#7
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2015
Location: Michigan
Posts: 5,003
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 Quote:
Originally Posted by ChrisK
This is something we have been planning for over 25 years, so it does feel great to finally achieve our goal. It will be interesting to adjust our mindset from saving to (judicially) spending and not having a paycheck hitting twice monthly!
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Well done. You have a lot of company here including me.
__________________
"The mountains are calling, and I must go." John Muir
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01-05-2018, 04:38 AM
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#8
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Full time employment: Posting here.
Join Date: Oct 2016
Location: Pinetops
Posts: 521
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Way to go - I'm three weeks in and still adjusting to the "lifestyle." We paid off our home and I can live off of less than 4 percent of savings + wifey still w*rks. In three years - pension begins, so that is my gravy on the meatloaf. ��
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01-05-2018, 07:18 AM
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#9
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Recycles dryer sheets
Join Date: May 2015
Location: Country
Posts: 141
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Congratulations on your achievements of getting to retire early.
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01-05-2018, 07:26 AM
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#10
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Recycles dryer sheets
Join Date: Jan 2011
Posts: 128
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Congrats and welcome aboard the ER train!
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01-05-2018, 07:27 AM
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#11
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2016
Location: Northern Virginia
Posts: 7,591
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Well done ChrisK! and welcome....
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