Join Early Retirement Today
View Poll Results: How long a gap between FInancial independence and REtiring early?
1 microsecond or less 24 17.27%
6 months or less 20 14.39%
6 - 12 months 12 8.63%
1 to 2 years 20 14.39%
More than 2 years 34 24.46%
Still not RE, though I am FI 29 20.86%
Voters: 139. You may not vote on this poll

Reply
 
Thread Tools Search this Thread Display Modes
FI versus RE - a Poll
Old 02-17-2008, 02:55 PM   #1
Moderator Emeritus
Rich_by_the_Bay's Avatar
 
Join Date: Feb 2006
Location: San Francisco
Posts: 8,827
FI versus RE - a Poll

What was the time interval between when you decided you were confidently financially independent, and when you actually stopped working (or went drastically part-time)? That is, how long was RE - FI?
__________________

__________________
Rich
San Francisco Area
ESR'd March 2010. FIRE'd January 2011.

As if you didn't know..If the above message contains medical content, it's NOT intended as advice, and may not be accurate, applicable or sufficient. Don't rely on it for any purpose. Consult your own doctor for all medical advice.
Rich_by_the_Bay 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 02-17-2008, 03:00 PM   #2
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,139
Gotcha thinkin, eh Doc?
__________________

__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Old 02-17-2008, 03:11 PM   #3
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,139
I felt I was FI as of the end of 2004 but needed to work three more months to be eligible for a bonus opportunity so I targeted that as my retirement date. As I got closer to the date I received a very nice financial offer to delay my retirement by 3 months and ended up compromising and working an additional 6 weeks.

Total time from FI to retirement: 5 months.
__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Old 02-17-2008, 03:28 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: 10,037
I was FI in 1998 and I retired in 2006 . I enjoyed my job and I was not mentally ready for retirement .
__________________
Moemg is offline   Reply With Quote
Old 02-17-2008, 03:34 PM   #5
Thinks s/he gets paid by the post
 
Join Date: Jul 2005
Location: Los Angeles area
Posts: 1,432
I reached FI in 2004, but work was in a sweet spot at the time, and I found work (programming)
very relaxing due to the type of tasks I was assigned. Situations like that always end eventually,
and 27 months later XP programming was introduced to the group I was in, triggering retirement
with about 60% more money than when I reached my FI goal.
__________________
learn, work, save, invest, fire
CyclingInvestor is offline   Reply With Quote
Old 02-17-2008, 03:39 PM   #6
Thinks s/he gets paid by the post
Gotadimple's Avatar
 
Join Date: Feb 2007
Posts: 1,763
I was FI in late 2006, but so absorbed in what I was doing at work, I put off decision-making. Coming to the board helped me to see the 'other side,' which started to look even better than what I thought was a pretty interesting job.

So, preliminary discussion with the boss late 2007, a look at my options and benefit package in January. I gave official notice 2/1 that my official retirement date is 7/11, but my last day in the office is 5/9.

All told -- about 18 months between FI and RE.

-- Rita

P.S. Rich: You may think I understand you, but, Meadbh has you figured out.
__________________
Only got A dimple, would have preferred 2!
Gotadimple is online now   Reply With Quote
Old 02-17-2008, 03:40 PM   #7
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
 
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 16,525
FI is wonderful in that all of a sudden a world of options are available to you. You no longer have to work to earn a living, so you can step back and decide what you really want to do.

Even if you continue working while FI, the stress level reduces considerably, because you are no longer dependent on the job. This means you can seek out the work you prefer, and also makes one less willing to put up with the B.S. so you usually get less of it. Somehow the employers seem to sense when you are less beholden to the job and treat you a little more carefully.

But then, of course, you can always decide to walk.....

FWIW - I took almost two years. I felt a need to carefully manage the transition....

Audrey
__________________
audreyh1 is online now   Reply With Quote
Old 02-17-2008, 03:47 PM   #8
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
youbet's Avatar
 
Join Date: Mar 2005
Location: Chicago
Posts: 9,965
I found the borderlines defining FI and RE to be a bit fuzzy. Hence, the time between the two is a range.

Megacorp asked me to leave with a buyout package in 2003 and I determined I was FI enough and would retire and not look for further employment. Then Megacorp decided there was a job they wanted me to do for an estimated three years (but with no guarantee of an equivalent buyout package then) and offered me the choice of staying or going. The job sounded interesting, I stayed, and it did turn out to be interesting. In 2006, they offered me a buyout package again, not as good as the first one but still attractive, and I retired.

So, three years more or less, but with complicating career circumstances impacting the decision.
__________________
"I wasn't born blue blood. I was born blue-collar." John Wort Hannam
youbet is online now   Reply With Quote
Old 02-17-2008, 03:53 PM   #9
Full time employment: Posting here.
Cattusbabe's Avatar
 
Join Date: Apr 2006
Posts: 814
I bailed out three weeks after FI. Resignation was on the boss's desk two hours after it was confirmed that we were FI. I stayed on the job just long enough to give them the required notice that I was leaving.
__________________
A todos los amantes del mundo. No importa el color de su piel, la pasion es universal.
_______________

La tavola e il letto non hanno restrizioni.
_____________
Any day your on this side of the grass is a good day.
Cattusbabe is offline   Reply With Quote
Old 02-17-2008, 04:01 PM   #10
Thinks s/he gets paid by the post
Rambler's Avatar
 
Join Date: Jul 2007
Posts: 2,250
I felt I was FI about a year ago, FI in my definition being able to live a comfortable if not luxurious lifestyle. A few problems: 1) I would have had to sell the dream house and live in the tract house we own (nice home and used to live there but have no intention to do so anymore), 2) DW has become too accustomed to certain luxuries she will not give up easily and I also would like a couple luxuries like an RV or at least a travel trailer which may have been possible but with perhaps too many trade-offs, and 3) DD had a little more than 2 years left in HS, a very good one, where we would like her to graduate (she has a little more than a year now), and alas #4) megacorp has my hands tied with some shiney yellow-colored handcuffs, which they have dutifully promised to remove and melt down into a nice gold bar for me if I stick around a little longer. So we have 1.5-2 years if things go right (from now) to 3 years if the markets play havoc with our plans.

R
__________________
Rambler is offline   Reply With Quote
Old 02-17-2008, 04:06 PM   #11
Moderator Emeritus
Khan's Avatar
 
Join Date: Aug 2006
Location: Pine Island, Florida
Posts: 6,868
Send a message via AIM to Khan
I went to a retirement seminar in June '04 and discovered my pension would be enough to survive on if I took an early out offer.

Spotted early out offer in August. Applied immediately. Because of various complications, was not officially approved until mid November.

Official retire date: 31 December.
30 December was official process out day.
Was at work 29 December (and actually did stuff).

Was that a microsecond for applying?
__________________
"Knowin' no one nowhere's gonna miss us when we're gone..."
Khan is offline   Reply With Quote
Old 02-17-2008, 04:08 PM   #12
Thinks s/he gets paid by the post
lazygood4nothinbum's Avatar
 
Join Date: Feb 2006
Posts: 3,895
as i've apparently a pushy horse and a cart that doesn't pull well, i had no idea what fi was until i decided to re. within about 6 months of realizing i had to get out, i came to the conclusion that i actually could manage it financially and so pulled the trigger. sure hope i didn't shoot the horse.
__________________
"off with their heads"~~dr. joseph-ignace guillotin

"life should begin with age and its privileges and accumulations, and end with youth and its capacity to splendidly enjoy such advantages."~~mark twain - letter to edward kimmitt 1901
lazygood4nothinbum is offline   Reply With Quote
Old 02-17-2008, 04:23 PM   #13
Thinks s/he gets paid by the post
Goonie's Avatar
 
Join Date: Oct 2006
Location: North-Central Illinois
Posts: 3,198
My cola'd pension was the clincher for my ultimate FI. I couldn't get the pension w/o retiring, and I wouldn't have been totally FI or able to retire w/o the pension. So ER & FI were co-dependent on each other......the first enabled the second, which enabled the first. ER enabled FI which enabled ER which enabled....

So there was no gap.....instantaneous......"1 microsecond or less".
__________________
Goonie is offline   Reply With Quote
Old 02-17-2008, 04:25 PM   #14
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Purron's Avatar
 
Join Date: Nov 2007
Posts: 5,584
I waited about two years. Work was pretty good in terms of salary, interest of assignments, and some great co-workers. Then my boss got promoted and his replacement was a major tool. About 2 months after she arrived, I decided it was time to get out. I had worked for difficult bosses before. The difference was this time I no longer HAD to work. That's the great thing about FI.
__________________
I purr therefore I am.
Purron is offline   Reply With Quote
Old 02-17-2008, 05:00 PM   #15
Moderator Emeritus
Rich_by_the_Bay's Avatar
 
Join Date: Feb 2006
Location: San Francisco
Posts: 8,827
Quote:
Originally Posted by Gotadimple View Post
P.S. Rich: You may think I understand you, but, Meadbh has you figured out.


But she has a head start: we compare notes from time to time via PM. You get a handicap for that .
__________________
Rich
San Francisco Area
ESR'd March 2010. FIRE'd January 2011.

As if you didn't know..If the above message contains medical content, it's NOT intended as advice, and may not be accurate, applicable or sufficient. Don't rely on it for any purpose. Consult your own doctor for all medical advice.
Rich_by_the_Bay is offline   Reply With Quote
Old 02-17-2008, 05:04 PM   #16
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,620
Quote:
1 microsecond or less
I admit that for a short period in 2002 I was concerned that I had ER'd as soon as we were FI, only to still be ER'd when we were no longer FI.

By the time I got the "It's been six months, ready to come back to work?" phone call, though, everything was OK again.

Besides I'm sure spouse would've been willing to ramp up her workdays as necessary...
__________________
*
*

The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
Nords is offline   Reply With Quote
Old 02-17-2008, 05:18 PM   #17
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2003
Location: Kansas City
Posts: 7,409
Where is the negitive number - as in layed off, unemployed(in my mind/not ER), working at a temp job at 1-2 yrs and realizing - like duh(you dummy!) work sucks/is not reguired. I kept a low profile non label(except maybe unemployed between jobs) age 49 -55 when I took an 'official early retirement pension.'

Being a blockhead like Charlie Brown - it didn't dawn on me that I was FI let alone ER because my original plan was fixated on age 63 which I thought was real early given my thinking in 1993.

heh heh heh - my brain has been catching up with my actions ever since. .
__________________
unclemick is offline   Reply With Quote
Old 02-17-2008, 05:21 PM   #18
Moderator
Alan's Avatar
 
Join Date: Jul 2005
Location: Eee Bah Gum
Posts: 21,141
We became FI about a year ago, but haven't ER'd yet as 2 more years will get me a significant non-cola pension starting immediately instead of at 62 plus HEALTH insurance.

While we could RE now it is a lot of money and security to give up, and we are only aged 52 & 53. 2 years, 2 weeks to go
__________________
Retired in Jan, 2010 at 55, moved to England in May 2016
Now it's adventure before dementia
Alan is online now   Reply With Quote
Old 02-17-2008, 05:22 PM   #19
Thinks s/he gets paid by the post
Spanky's Avatar
 
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,046
Quote:
Originally Posted by Purron View Post
I waited about two years. Work was pretty good in terms of salary, interest of assignments, and some great co-workers. Then my boss got promoted and his replacement was a major tool. About 2 months after she arrived, I decided it was time to get out. I had worked for difficult bosses before. The difference was this time I no longer HAD to work. That's the great thing about FI.
Definitely a boss with whom you do not get along can make your life miserable.
__________________
Spanky is offline   Reply With Quote
Old 02-17-2008, 05:26 PM   #20
Thinks s/he gets paid by the post
2B's Avatar
 
Join Date: Mar 2006
Location: Houston
Posts: 4,330
I was fired for insubordination or something like that layed off in early 2002 and didn't realize I was actually FI until I got a j*b as a NASA contractor in late 2003 where I had 6 hours every day to surf the web until I found this forum. It would have required a minor lifestyle reduction but I thought it was manageable. I ended up getting a postion that pays well above my NASA gig. I now w*rk 4 day per week, have no stress, get 23 PTO days every year and can take unpaid leave as desired. DW and I are still wrestling with her father with Alzheimer's which keeps us tied to the Houston area. I'd rather go to a j*b than visit him 3 times a week as DW does.

DW and I are exploring our future possibilities and looking at added travel. I figure I'm retired when the oil boom busts. I just want us to get our act together before it happens from a lifestyle standpoint.
__________________

__________________
The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane -- Marcus Aurelius
2B 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
Poll: How old ar you? chinaco FIRE and Money 56 03-10-2007 11:45 AM
ER poll MJ FIRE and Money 21 09-23-2005 11:26 PM
Another poll... HFWR Other topics 28 08-01-2005 01:59 AM
Over 55 poll Lanie FIRE and Money 24 01-13-2005 03:06 PM
Quest for yield verus safety unclemick FIRE and Money 49 11-13-2003 04:22 AM

 

 
All times are GMT -6. The time now is 12:19 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.