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#1 |
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Confused about dryer sheets
![]() Join Date: Sep 2007
Posts: 9
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I'm obsessed
Hello all, yes I am obsessed about retiring early. I think about it morning, noon and night. I've checked out every retirement calculator, I've built my own calculators. I've done dozens of different budgets. They all say I can retire but I am suffering from the “just one more year” syndrome which thanks to this forum I realized I am not alone. That thread was the biggest help to my decision process. I have been quoting lines from many of the responses to my wife, family and anyone else that cares to talk to me about early retirement.
Anyway, I'm not cured yet but thanks to this site I am much further than last week. I look forward to your responses when I post my neurotic thoughts. |
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#2 |
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Thinks s/he gets paid by the post
![]() ![]() ![]() ![]() ![]() ![]() Join Date: Oct 2003
Posts: 3,811
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Good luck - the last year is one of the toughest for just what you mention.
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Sometimes death is not as tragic as not knowing how to live. This man knew how to live--and how to make others glad they were living. - Jack Benny at Nat King Cole's funeral |
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#3 |
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Thinks s/he gets paid by the post
![]() ![]() ![]() ![]() ![]() ![]() Join Date: Dec 2004
Posts: 2,177
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I am beyond 'early'. Still, as an independent contractor, when to quit is up to me. If absolutely necessary, I could pull the plug today, but there are benefits to keep on keeping on.
When the decision is on your own head, it can be agonizing.
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"Ain't got no money for no old-age pension; I'm so broke, I can't pay attention!" |
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#4 |
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Recycles dryer sheets
![]() ![]() ![]() ![]() Join Date: Jun 2007
Posts: 61
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This is a topic I can relate to. Had I stuck to my original plan I would have been retired 2 years ago. However, I just couldn't resist "adding a little more" to my nest egg. My current plan is to retire next July when my eldest daughter finishes high school. I'm beginning to believe that I will ALWAYS discover a "perfectly sensible" reason for working "one more year." Perhaps I need to just stop listening to reason and start listening to my heart -- which says its time to quit. Bottom Line: I know how difficult it is walk away from a steady pay check . . . I'm bracing for that last day now, but I know I'll think of a dozen good reasons to put in a little more time. I hope I ignore all of them.
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#5 |
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Thinks s/he gets paid by the post
![]() ![]() ![]() ![]() ![]() ![]() Join Date: Feb 2005
Location: Mississippi
Posts: 3,953
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Welcome! We all went through that. You just have to be confident your numbers are correct and go for it! You will be glad you did.
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Full time wuss............ |
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#6 |
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Moderator Emeritus
![]() ![]() ![]() ![]() ![]() ![]() Join Date: Jul 2005
Posts: 2,674
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Welcome to the forums. Glad you found the site and as you have already seen there is a wealth of information and opinions here to keep you busy for a long time.
The last year, month, and week are tough to get through but each day is one day closer to retirement. Start now on determining how you will generate the cash you will need to fund your expenses each year. Many have a 2+ year stash for both living expenses and for emergency funds. The next few years is in a "safe" investment that continues to make some money but is both liquid and "safe" from market swings so you don't loose the balance in these accounts. The rest is in a variety of funds or where ever else you want it put it to continue to grow. Good luck and welcome to the forums.
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Work? I don't have time to work....I'm retired. |
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#7 |
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Thinks s/he gets paid by the post
![]() ![]() ![]() ![]() ![]() ![]() Join Date: Feb 2007
Posts: 3,009
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Welcome... You will have a lot of company here.
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Disclaimer: I make no warranty or guarantee about the accuracy or completeness of this information. I am not a financial planner, my comments only represent my opinion. |
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#8 | |
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Confused about dryer sheets
![]() Join Date: Sep 2007
Posts: 9
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Quote:
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#9 | |
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Confused about dryer sheets
![]() Join Date: Sep 2007
Posts: 9
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Quote:
Good luck and thanks for the info |
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#10 | |
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ... ![]() ![]() ![]() ![]() ![]() ![]() ![]() Join Date: Mar 2003
Posts: 9,702
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Quote:
There is an easy portfolio solution: take wha you need to live on for each of the next 7 years and put it in a bond, CD or TIPS that matures in each of the next 7 yeats. Put the rest in a diversified, equity heavy portfolio and get on with life. Your next 7 years are assured. But I suspect that the block here has more to do with what's in your head than whats in your portfolio.
__________________
“When you realize that you are one of the rare few who observe moral principles in their relationships with others, there is a temptation to sink into amorality, not out of conviction or pleasure but simply to avoid further pain, because there is no greater suffering than being an angel in hell, whereas a devil feels at home wherever he goes.” – Martin Page, How I Became Stupid |
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#11 | |
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Confused about dryer sheets
![]() Join Date: Sep 2007
Posts: 9
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Quote:
Laddered cds and using the 72t plan to withdraw money from my ira's and 401ks in equal yearly payments without penalty is what I was thinking. Now if I can only have a labotomy and get my head to make the decision. I appreciate the reply and the advise. best of luck to you. |
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#12 |
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Recycles dryer sheets
![]() ![]() ![]() ![]() Join Date: Aug 2006
Posts: 294
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Like everyone else here, I say welcome to the club! I too am sticking it out $ONE$ more year because of the extra incentive involved in staying 31 years as opposed to quitting at 30. HOWEVER I'm starting to think it's not worth it. The big concern, of course, is the cost of health care. I, like you, am in constant turmoil!!! Good Luck!
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#13 | |
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Confused about dryer sheets
![]() Join Date: Sep 2007
Posts: 9
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Quote:
The only good thing about this time is Hey maybe I'll get fired and the decision will be made for me. Thanks for the reply. Good luck. |
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