Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Partially FIREd in DC
Old 08-24-2008, 04:56 PM   #1
Recycles dryer sheets
 
Join Date: Aug 2008
Posts: 152
Partially FIREd in DC

Hi. I've been lurking for quite a while and I very much enjoy both the content and friendly, supportive tone of this board.

DH: 68. Involuntarily retired 10 years ago. At first it was going to be temporary, but we soon discovered that we could live on one income and that having someone at home dramatically improved the quality of life for both of us. So he never sought other employment.

Me: 57. Voluntarily retired 2 years ago. Started consulting 3 days/week shortly thereafter. Consulting gig pays well and for each month I work I cover that month's expenses and save a month's worth of expenses.

Financial Facts:
House paid off -- we'd like to retire in place.
Savings: $2.8 million. Current allocation ~50% stock, 25% bonds, 25% cash
Pension: None. DH collects SS.
Health Insurance: DH covered by Medicare and Medigap. I have individual coverage from CareFirst ($204 premium, $2700 deductible, HSA)
Need: $60K after taxes. FIRECalc and others all say we have enough.

Worries: Health insurance rates. Inflation.

Philosophical question: Trying to figure out if I should retire entirely. I like the work and it's low stress. But even working three days a week I don't have nearly enough time to do all the things we want to do. Also, DH is very healthy and active, but I wonder if we shouldn't play together now while we are both able.
__________________

__________________
FurBall is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 08-25-2008, 06:42 AM   #2
Recycles dryer sheets
 
Join Date: Jun 2007
Location: Oklahoma City
Posts: 275
Quote:
Originally Posted by FurBall View Post

Philosophical question: Trying to figure out if I should retire entirely. I like the work and it's low stress. But even working three days a week I don't have nearly enough time to do all the things we want to do. Also, DH is very healthy and active, but I wonder if we shouldn't play together now while we are both able.
Hmmm It is a Philosophical question because on paper you have plenty to meet your estimated needs. Even at 3% withdrawl rate ($84k per year plus his SS which is probably enough to cover the taxes eh?)

Are you able to toake a "leave of abscense" from the consulting, for say 6 months, to "try out" fulltime retirement?
__________________

__________________
USAF Veteran -- Retired Air National Guard -- OSW -- ONW -- OIF
militaryman is offline   Reply With Quote
We're doing the Partial FIRE'd, too.
Old 08-25-2008, 08:30 AM   #3
Recycles dryer sheets
DougViages's Avatar
 
Join Date: May 2007
Location: Belmont
Posts: 160
We're doing the Partial FIRE'd, too.

I (DH-55) am down to 24 hours/week. My DW(56) is starting to work a day at home, and should slide down to 24 hrs/week in 2009. It's an adjustment, and we are planning to "test" retirement with a year off in 2009/2010.

We also have $2.5MM plus in assets, but worry about inflation and health care costs.
__________________
Work is the curse of the partying class!
DougViages is offline   Reply With Quote
Old 08-25-2008, 03:36 PM   #4
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Moemg's Avatar
 
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 10,032
Quote:
Originally Posted by FurBall View Post

Philosophical question: Trying to figure out if I should retire entirely. I like the work and it's low stress. But even working three days a week I don't have nearly enough time to do all the things we want to do. Also, DH is very healthy and active, but I wonder if we shouldn't play together now while we are both able.

Welcome , I hate to be the bearer of bad news but even working zilch I do not have enough time to do all the things I want to do .
__________________
Moemg is offline   Reply With Quote
Old 08-25-2008, 06:26 PM   #5
Recycles dryer sheets
 
Join Date: Aug 2008
Posts: 152
Quote:
Originally Posted by militaryman View Post
Hmmm It is a Philosophical question because on paper you have plenty to meet your estimated needs. Even at 3% withdrawl rate ($84k per year plus his SS which is probably enough to cover the taxes eh?)

Are you able to toake a "leave of abscense" from the consulting, for say 6 months, to "try out" fulltime retirement?
I don't think I could take a leave of absence and go back. But I did try out full retirement for 4 months before being lured back. It was wonderful. I just have trouble turning down great pay, low stress, interesting work.
__________________
FurBall is offline   Reply With Quote
Old 08-25-2008, 06:42 PM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
haha's Avatar
 
Join Date: Apr 2003
Location: Hooverville
Posts: 22,384
Quote:
Originally Posted by FurBall View Post
I just have trouble turning down great pay, low stress, interesting work.
Gee, how weird.

Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
haha is offline   Reply With Quote
Old 08-25-2008, 08:45 PM   #7
Thinks s/he gets paid by the post
 
Join Date: Jan 2008
Posts: 2,020
Quote:
Originally Posted by FurBall View Post
I just have trouble turning down great pay, low stress, interesting work.
But you can only be a porn star for so long...
__________________
Marquette is offline   Reply With Quote
Old 08-25-2008, 09:15 PM   #8
Thinks s/he gets paid by the post
 
Join Date: Jan 2006
Posts: 2,971
Quote:
Originally Posted by FurBall View Post
I just have trouble turning down great pay, low stress, interesting work.
Certainly beats my low pay, high stress, uninteresting work.
__________________
aaronc879 is online now   Reply With Quote
Old 08-25-2008, 09:25 PM   #9
Moderator
Sarah in SC's Avatar
 
Join Date: Sep 2005
Location: Charleston, SC
Posts: 13,456
Play now, while you are both able.
There may be a time in the future when your DH may not be so active, and you can return to this interesting, low stress, etc work.
__________________

__________________
“One day your life will flash before your eyes. Make sure it's worth watching.”
Gerard Arthur Way

Sarah in SC is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Have you ever been fired? maddythebeagle Young Dreamers 48 09-26-2007 03:46 PM
Think this one will ever be FIREd? tangomonster Other topics 19 09-06-2007 08:46 AM
FIREd today. Thanks! megacorp-firee Life after FIRE 35 07-08-2007 04:18 AM
Fired my broker CaptCurmudgeon FIRE and Money 5 10-19-2006 11:23 AM
FIREd: Where are you? perinova Life after FIRE 60 06-08-2006 09:34 AM

 

 
All times are GMT -6. The time now is 11:31 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.