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View Poll Results: Do/did you have kids? (Any child you raised for more than a year, let's say.)
Yes 164 66.40%
No 80 32.39%
It's complicated (please reply to the thread) 3 1.21%
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Poll:How many FIRE devotees have kids?
Old 04-15-2019, 12:05 PM   #1
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Poll:How many FIRE devotees have kids?

Michelle Singletary had a column today that was supposedly about FIRE, but as usual, she just seems to read the sensationalist news about blogs like Mr. Money Moustache and assume that they represent all people interested in FIRE.

So, one of the things mentioned (scornfully) in the comments was "No way any FIRE folks have kids." I figure it's possibly lower than the general population, but I know that I'm not the only parent here! Hence this poll.
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Old 04-15-2019, 12:19 PM   #2
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I did have a stepdaughter I supported for 4 years, but I put "no," because I haven't had any kids of my own.
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Old 04-15-2019, 12:29 PM   #3
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I RE @ 53. Had 2 kids that reached their majority in my 40's. Don't see a big deal with this.

Now if your talking about the RE in your 30's with kids... that would be another thing.
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Old 04-15-2019, 12:34 PM   #4
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I retired almost 5 years ago (June 2014). My sons are in high school - a senior and a sophomore. We planned for their needs, as well as our retirement needs with 529's, and a budget that allowed for frugal, but full, lifestyle for them.
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Old 04-15-2019, 12:55 PM   #5
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Quote:
Originally Posted by ER Eddie View Post
I did have a stepdaughter I supported for 4 years, but I put "no," because I haven't had any kids of my own.
See, I was trying to include stepkids where they were raised for more than a year, as that's a significant financial burden. But maybe 5 or 10 years would have been a better threshold.
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Old 04-15-2019, 12:55 PM   #6
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2 boys who were not without want. Didn't know about FIRE until retirement itself, but would imagine that one can pull the trigger earlier without kids.
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Old 04-15-2019, 01:44 PM   #7
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2 grown kids. We started saving in our 20's. Always 10% into the 401K with a 6% employer match. We went on vacations, kids did all the sports etc. they wanted. When you start young, you can still have a life while saving for your retirement.

DH retired at 57 and I was 50.
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Old 04-15-2019, 02:02 PM   #8
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I was 55 and DW was 54 when we retired, our 2 kids were both graduated from college and working at the time.
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Old 04-15-2019, 02:03 PM   #9
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No kids of our own but a few leech-like nieces and nephews who cost us almost as much over the past 25+ years
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Old 04-15-2019, 02:07 PM   #10
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Originally Posted by The Cosmic Avenger View Post

So, one of the things mentioned (scornfully) in the comments was "No way any FIRE folks have kids." I figure it's possibly lower than the general population, but I know that I'm not the only parent here! Hence this poll.
She needs to "broaden her horizon", as my grandma used to say.
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2 kids
Old 04-15-2019, 02:30 PM   #11
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2 kids

My wife and I retired when I was 38 and she was 40. We have 2 kids. (When we retired they were 5 and 3 years old) They are 7 years older now.

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Old 04-15-2019, 02:42 PM   #12
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None, but that was a decision we made before the FIRE efforts started to even form the outlines of a plan.
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Old 04-15-2019, 02:43 PM   #13
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Two great kids, now 37 and 33. Separated and ultimately divorced when the kids were 6 and 10. For over a decade my income was distributed thusly: one-third child support, one-third tax gods and one-third me. Retired at 59.
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Old 04-15-2019, 02:54 PM   #14
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Retired @ 55, one child in last year of collage and one child in first year of collage. All is well.
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Old 04-15-2019, 03:12 PM   #15
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Retired three years ago at age 46. Have three kids: DS24/college junior, DS19/HS senior, and DD17/HS junior. They had all their needs met, a few of their wants indulged, and a few splurges just because we could. I have planned to pay for a marketable bachelor's degree for each of them.

Went through a divorce about age 36. She got half of assets then child support for the past 13 years. 13 or 14 more payments left. IMO the divorce was waaay more costly than the kids, and the kids were more fun than the divorce.

Taxes were also overall a much larger financial drain than the kids.
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Old 04-15-2019, 03:47 PM   #16
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Bagged it as a 55 year old widowed parent of a 13 and 10 year old.
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Old 04-15-2019, 04:06 PM   #17
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None, but that was a decision we made before the FIRE efforts started to even form the outlines of a plan.
Same here. I knew at age 20 I would be childfree. It wasn't until age 35 when early retirement first appeared on my radar.
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Old 04-15-2019, 04:47 PM   #18
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I retired at 61, and at that time my daughter was 31, grown, married, and out of the house.

I think the article was about much younger early retirees, so I voted "it's complicated".
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Old 04-15-2019, 05:24 PM   #19
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3 kids and 2 step kids. I semi-retired at 58 and was working part time until recently.
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Old 04-15-2019, 05:39 PM   #20
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Quote:
Originally Posted by rodi View Post
I retired almost 5 years ago (June 2014). My sons are in high school - a senior and a sophomore. We planned for their needs, as well as our retirement needs with 529's, and a budget that allowed for frugal, but full, lifestyle for them.
Similar story.
In 2000 I was 50, wife was 40 (she became a SAHM when first was born). And the boys were 1 and 3 years old. Retired from my career job February 2000. As Rodi described " We planned for their needs, as well as our retirement needs with 529's, and a budget that allowed for frugal, but full, lifestyle for them". They were the deciding factor in accepting an early retirement offer enabling me to be an everyday presence in their lives (soccer Dad complete with minivan). Worked a bit of consulting the first two years, then seasonal job 3 months of the year(but on my terms) until now in 2019, no W2 at all. Boys are now both in college, 529 cover 80% of education costs.
So retired with toddlers, but always available every step of the way. This summer will be hard, as they both took summer jobs away from home. It'll be a great experience for them, but will miss them dearly. I've been calling myself semi-retired until this year.

May need to change my screen name!.
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