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Old 09-01-2013, 01:12 PM   #41
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Yes, many would consider me obsessed. though, not entirely with respect to FIRE. Lol.

We're just about 2 years to go, it appears, everything holding steady and no massive interruptions to the PLAN. Can't wait, though, there's plenty to get "wrapped up" between now and then. I'm sure the time will fly by, this year certainly has.

I hope the anticipation is not most of the fun..................
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Old 09-01-2013, 05:22 PM   #42
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Originally Posted by ohyes View Post
Started "practicing"...quit wearing makeup and coloring the grey in my hair.
Love it! I'm doing the same but I look ooolllddd.
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Old 09-01-2013, 05:25 PM   #43
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I'm handing in my letter on Tuesday, last day will be 12/31/13. I have been obsessed much of the year with planning and reading, but after about four months of that was able to back off...until this weekend! I haven't been so apprehensive or excited since, well, going to college or that first day of law school, or getting married. It really must be a big life changer.
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Old 09-01-2013, 06:08 PM   #44
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I'm handing in my letter on Tuesday, last day will be 12/31/13. I haven't been so apprehensive or excited since, well, going to college or that first day of law school, or getting married. It really must be a big life changer.
Awesome...congrats Rusa!!!!!!!! Good luck in the next chapter of your life!
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Old 09-01-2013, 06:10 PM   #45
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We're not obsessed, but it's definitely a subject that comes up very frequently in our household. We still have a good 5 years to go and we may have to extend that time, depending on our finances.
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Old 09-01-2013, 06:24 PM   #46
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I have to admit, I was a little obsessed. The first hurdle was getting past age 55 with megacorp. At that my DB pension was secure and full pension retirement date moved to 62 from 65. I ran the numbers constantly. I read, read, and read some more. Everything from retirement calculators, DB plan failures (we have no backup legislation) to living as an expat. Health insurance is not a concern where I live.

After that was I was constantly running numbers and alternatives. At some point along the way I cashed in options. The stock was going up but I felt that I needed to protect my retirement (the stock went up a little, then plummeted) so I cashed out much of it.

DW was probably sick and tired of hearing me fret about retirement. I reviewed our portfolio and searched for a new investment advisory firm. Our investment policy changed overnight from one of growth, growth to one of be cautious, protect the base, and do 4 points or more above inflation.

After that, it was preparing myself for the inevitable termination. Our company and industry had gone through 20 years of downsizing. As a senior person, I had been responsible for executing it within my geography. I wanted out...but not without a golden handshake. When the executive leaders changed, I suspected that I would be terminated.


I went about speaking with colleagues and getting recommendations for good counsel. I wanted to be 'ready' for them. When the day came, I was thrilled. Management gave me informal notice, followed several weeks later by formal notice. I felt great. Counsel did a great job of negotiating a termination package that essentially carried me until my full pension date.

In the intervening period we downsized, sold our house, travelled for an extended period. I also spent time researching the pension plan and that knowledge allowed me to catch some very significant errors made in megacorp's pension entitlement number.

In the end, we have more than we need. But who knows what is around the corner. And I have two children who will probably not have some of the good fortune that I have experienced from a financial perspective.
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Old 09-11-2013, 08:50 AM   #47
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Great thread. At this point I am obsessed and should get a handle on it. I've been this way for about 6 months. As dh and I realize we have enough for me to retire the obsession has become worse.
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Old 09-11-2013, 01:36 PM   #48
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I have been here on this forum since 2004. What do YOU think?

When I started here, I was worried about sleeping under a bridge. Now, if I Work One More Year, we can retire in a condo. If I don't WOMY, we will live in a double-wide in the county. My fall-back plan is Mexico (one of a couple destinations).

We are talking real-life here.
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Anyone nearing FIRE and obsessed?
Old 09-11-2013, 02:00 PM   #49
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Anyone nearing FIRE and obsessed?

Is anyone on this board not obsessed?

Ha
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Old 09-11-2013, 02:48 PM   #50
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Is anyone on this board not obsessed?

Ha
+1
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Old 09-11-2013, 04:24 PM   #51
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Is anyone on this board not obsessed?

Ha
+2

It would have been a much shorter thread had that been the question asked.
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Old 09-11-2013, 11:16 PM   #52
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We could do it next year, when I qualify for formal retirement based on employer rules, but I'm planning for 2-4 years. It would be tighter next year, with less margin of error.

Wife wants to move to the West Coast closer to the kids but still work; if so, then it could happen in 1-2 years, particularly if I can go on modified work for a year or two or three.
At this point, I'm just sketching the main scenarios on the assumption she might start job looking after her bonus next year. I'm not at the point of looking at the calendar, since the future is fluid, but there are plenty of options, and the possibility is a lot closer than I ever thought it might be. We're paying of the house this month with idle cash and hit 3 portfolio milestones this week, for net worth, for my pieces, and for the total investment.
While numbers and talking to the retired indicated the accelerated roll-up of net worth (if one is lucky) in the final years, psychologically I was not prepared for the last two years, particularly after '08 which was not nearly as traumatic in our case as for most. This raises the issue of retiring at the point the market crashes, of course, which is always a possibility but even more possible, given our timing. I'm bullish until 2014 and after that, not so much.
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Old 09-12-2013, 12:26 AM   #53
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I started visiting this site in Dec 2007. At the time I was remotely thinking about ER. I think TromboneAL was the first person to greet me here and make me feel welcomed. Then I got started reading and learning from all the great people on this forum and realized there were a slew of ERs and ER wannabes here. I was and still am a wannabe.

The great recession hit and the wisdom here helped keep me calm through the disastrous market. I had told DW that we needed one more good stock market sell-off while we were pumping $ into the market to get us to FI. We hit FI a couple of years ago and now I am planning to RE in April or May 2015, just gotta vest in the pension plan. Obsessed? I am NOW! I got my spreadsheet and I'm counting down the days.
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Old 09-12-2013, 06:27 AM   #54
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Obsessed for sure... although retirement is still a few years off. How many times a week do I really need to look at my investment total? How many times a month must I review my expenses to figure out what I really need for a future retirement income?? I mean, c'mon, we're probably 14 years away from pulling the trigger!! Still, I suppose there are probably more destructive obsessions than this.
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Old 09-12-2013, 08:01 AM   #55
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I retired last year in August. At the police dept I worked for we had a pretty decent pension plan and were unionized. We had what's called the D.R.O.P (deferred retirement option plan). Part of our contract was that you could retire at20 and enter the drop for 5 additional years which is what I opted to do. I left a year early due to my supervisor was itching for me to strangle him. I always prided myself in making quality arrests that lead to convictions but he wanted arrests just for numbers, so when I was taking more days off then going to work I knew it was time to go and that year of really good money I left on the table wasn't quite worth my sanity. I figured I've been working since I was 21 in this field time for new adventures.
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Old 10-01-2013, 06:17 PM   #56
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To me, retirement is interesting because it is a chance to reinvent your life. I've heard over and over that the happiest retirees are those who prepare for retirement -- not merely financially, but psychologically.

It is ironic, but because I spent so much time trying to figure out what my "re-invented," future, retired self would look like, I ended up re-inventing my present self. Thinking about retirement led me to thinking about what REALLY mattered. It's the same as thinking about death, in a way, although a bit more cheerful.
That is cool. Us too. We have narrowed down our spending over the years to correlate to what we actually desire and enjoy, by doing that we have realised the essence of who we are. It sounds simple, but we feel we were sucked into the vortex of consumerism ena societal expectation before this.

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I don't think of it as an "obsession". I think of it as "planning".
Surprisingly it has made it easier dealing with the job and finances.
Yes, I am a planner. I live with a calculator near me at all times!

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Originally Posted by Ozstache View Post
Since I discovered this site and MMM, I've been obsessed with ER for nearly a year now and am now just over a month out from it. I've been reading on the topic profusely in that time, trying to see if there is something in my planning that was missing.

It took about six months of such study to realise that my ER fundamentals are sound and that the only notable risk is that of a catastrophic external financial event (eg. severe market crash) in the early days of ER. I've adequately mitigated that through keeping my foot in the part time door and finishing up some study that could either get me a better job than the one I had or lead to further study purely for self gratification purposes ie. win-win!

In other words, my obsession led to understanding and acceptance. If there is anything to get from my story it is: if you are going to be obsessed with ER, at least channel it in a constructive direction.
Awesome, I agree.

We are FI now but due to business commitments we are not RE until 1st September next year, unless we sell our current business. If not, we have enough to close it down and walk away. Retired and free.

We would prefer to sell it, obviously, but will have had it on the market for 15 months by then, so will have given it a go. Our friends and family think we are crazy, but we count the days!!!!!!
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