Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 12-25-2010, 08:00 AM   #21
Thinks s/he gets paid by the post
 
Join Date: Mar 2009
Posts: 1,437
As early as May 2012 but no later than October 2015. We'll see...
__________________

__________________
foxfirev5 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 12-25-2010, 12:47 PM   #22
Dryer sheet aficionado
 
Join Date: Dec 2010
Posts: 37
Count me in - April 1, 2019.
__________________

__________________
lark_L is offline   Reply With Quote
Old 12-25-2010, 01:37 PM   #23
Full time employment: Posting here.
HawkeyeNFO's Avatar
 
Join Date: Jan 2010
Location: Inside the Beltway
Posts: 573
Quote:
Originally Posted by Nords View Post
How much longer will the Hawkeye airframe be hanging around?
E-2C is just beginning to go away. Grumman has begun delivering the D model from the factory in St Augustine. I think the opeval is next year or in '12. By 2021 all the C models in the USN will be done, except for the reserves. From the outside, the C and D look the same.
__________________
HawkeyeNFO is offline   Reply With Quote
Old 12-25-2010, 04:49 PM   #24
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,617
Quote:
Originally Posted by HawkeyeNFO View Post
E-2C is just beginning to go away. Grumman has begun delivering the D model from the factory in St Augustine. I think the opeval is next year or in '12. By 2021 all the C models in the USN will be done, except for the reserves. From the outside, the C and D look the same.
That's impressive longevity. I figured it'd be going the way of the P-3 any day now...
__________________
*
*

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 12-25-2010, 05:17 PM   #25
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: 42,117
Interesting.

Wikipedia says the E-2 was designed in the late 50's and early 60's. The original E-2's were replaced with E-2Bs, E-2Cs and, as HawkeyeNFO said, are being replaced with newly-manufactured E-2D models.

Contrast that with the Air Force B-52 and KC-135 fleet. Designed in the late 1940's and early 1950's, the "newest" B-52s and KC-135s were delivered to the AF in 1962 and 1965 respectively.

All of them are older than the aircrews flying them - some are as old as their grandparents.

Damn Navy...
__________________
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 12-25-2010, 06:19 PM   #26
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,617
Quote:
Originally Posted by REWahoo View Post
Interesting.
Damn Navy...
The B-52 trap SHIPALT just never quite lived up to its potential:
Attached Images
File Type: jpg B-52 on aircraft carrier.jpg (156.7 KB, 4 views)
__________________
Nords is offline   Reply With Quote
Old 12-25-2010, 10:59 PM   #27
Full time employment: Posting here.
HawkeyeNFO's Avatar
 
Join Date: Jan 2010
Location: Inside the Beltway
Posts: 573
In 1963, the CNO had a C-130 land on the USS Forrestal. It also took off from the ship, not with the catapult, but as a full-length deck run. C-130 Hercules Lands on U.S.S. Forrestal

We've had several USAF guys on the carrier for short stays. They get very good treatment usually, because they call up the S-5 office and say "This is Captain Nutjob, I need ____ delivered to my room." S-5 is in charge of staterooms, and little do they know it is an O-3 on the other end, not an O-6.
__________________
HawkeyeNFO is offline   Reply With Quote
Old 12-25-2010, 11:12 PM   #28
Recycles dryer sheets
thefinancebuff's Avatar
 
Join Date: Dec 2008
Posts: 262
Great, I'm in. What else do we do after signing up for the club?
__________________
thefinancebuff is offline   Reply With Quote
Old 12-26-2010, 09:12 AM   #29
Recycles dryer sheets
 
Join Date: Jan 2005
Posts: 487
4/24/20 I'll be able to take early retirement at 25yrs. Reduced pension with medical benefits until 65. Fingers crossed that doesn't change in the next 10yrs! I'm saving like a mad woman though in case it does change.

Good luck to us all!
__________________
tinlizzy is online now   Reply With Quote
Old 12-26-2010, 10:56 AM   #30
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,617
Quote:
Originally Posted by HawkeyeNFO View Post
In 1963, the CNO had a C-130 land on the USS Forrestal. It also took off from the ship, not with the catapult, but as a full-length deck run. C-130 Hercules Lands on U.S.S. Forrestal
ADM Flatley's son Seamus was in my company at USNA, and the "Look Ma, no hook!" story got a lot of air time every year around service-selection night. You really don't want to be in the pilot's seat when people are describing your performance with words like "flabbergasted"...

I have Grandpa Flatley's "Reaper Leader" on my reading pile. Talk about joining the family business.
__________________
*
*

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 12-26-2010, 11:08 AM   #31
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: 42,117
Quote:
Originally Posted by HawkeyeNFO View Post
We've had several USAF guys on the carrier for short stays. They get very good treatment usually, because they call up the S-5 office and say "This is Captain Nutjob, I need ____ delivered to my room." S-5 is in charge of staterooms, and little do they know it is an O-3 on the other end, not an O-6.
I tried something similar to that once at a Navy facility on the west coast . The sailor on the other end of the line had evidently been down that road once or twice before...
__________________
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 12-26-2010, 11:52 AM   #32
Thinks s/he gets paid by the post
martyb's Avatar
 
Join Date: Nov 2006
Location: Bossier City
Posts: 2,182
Quote:
Originally Posted by REWahoo View Post
Contrast that with the Air Force B-52 and KC-135 fleet. Designed in the late 1940's and early 1950's, the "newest" B-52s and KC-135s were delivered to the AF in 1962 and 1965 respectively.

All of them are older than the aircrews flying them - some are as old as their grandparents.

Damn Navy...

You oughta see the wrinkles in the skin on those B-52s too. Up close, they look as old as they are. I've spent plenty of time in the crew compartments, bomb bays, wheel wells etc. of the B-52 and as old as they are, I'm still impressed.
__________________
“Change is the law of life. And those who look only to the past or present are certain to miss the future.”
-John F. Kennedy

“Hard work never killed anybody, but why take a chance?” - Edgar Bergen
martyb is offline   Reply With Quote
Old 12-26-2010, 12:14 PM   #33
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
freebird5825's Avatar
 
Join Date: Feb 2008
Location: East Nowhere, 43N Latitude, NY
Posts: 9,017
Already FIREd, but does it count if 2020 is the year I am minimally eligible for SS at age 62?

I'll cheer from the sidelines.
__________________
"All our dreams can come true, if we have the courage to pursue them." - Walt Disney
freebird5825 is offline   Reply With Quote
Old 12-27-2010, 10:49 AM   #34
Confused about dryer sheets
 
Join Date: May 2010
Location: Dallas
Posts: 1
I'm in. DW and I will be 50 in 2020. Step 1 paying off mortgage in Jan 2011; Step 2 save like mad for the next 10 years.
__________________
devilgator is offline   Reply With Quote
Old 12-27-2010, 11:17 AM   #35
Full time employment: Posting here.
 
Join Date: Dec 2010
Location: Southern California
Posts: 916
Quote:
Originally Posted by devilgator View Post
Step 2 save like mad for the next 10 years.

What does "save like mad" mean to you? I assume this can vary quite a bit for different people.
__________________
Aiming_4_55 is offline   Reply With Quote
2020 Club
Old 12-27-2010, 11:32 AM   #36
Full time employment: Posting here.
 
Join Date: Dec 2010
Location: Southern California
Posts: 916
2020 Club

So, what are some assumptions to hit 2020 target?

For me, I feel I have a few wildcards:

Investment assumptions: I'm more of a Vanguard 2035 target fund investor (normal retirement age) with the return rates with the recent recession, what return rate are you using to plan your retirement? I've been using 8%, but it's just an estimate. Is that high or low?

College funding for 2 toddlers (4 & 3): Investing in an 529 fund since birth with monthly contribution of $500 total. Annual bumps based on work bonus and $ gifts.

Healthcare: No retirement coverage, we'll see what things cost in the future without employer contribution.

Employment: While job is stable now, one never knows.

What are some wild cards for you? How do reduce the risk of wildcards?
__________________
Aiming_4_55 is offline   Reply With Quote
Old 12-27-2010, 12:06 PM   #37
Thinks s/he gets paid by the post
DblDoc's Avatar
 
Join Date: Aug 2007
Posts: 1,224
[QUOTE=Aiming_4_55;1016556]
Quote:
So, what are some assumptions to hit 2020 target?

For me, I feel I have a few wildcards:

Investment assumptions: I'm more of a Vanguard 2035 target fund investor (normal retirement age) with the return rates with the recent recession, what return rate are you using to plan your retirement? I've been using 8%, but it's just an estimate. Is that high or low?
Real or nominal? I have seen estimates going forward ranging from about 3-5% real. Based on my AA my assumption is ~ 4% real.

Quote:
College funding for 2 toddlers (4 & 3): Investing in an 529 fund since birth with monthly contribution of $500 total. Annual bumps based on work bonus and $ gifts.
4 years of tuition covered under WA GET. Some 529 money, savings and UGTM to help out with related expenses. DS will have to work and help pay. Having some skin in the game will (hopefully) help keep him focused.

Quote:
Healthcare: No retirement coverage, we'll see what things cost in the future without employer contribution.
The big wildcard for us all. No telling how the dust will settle on the new Health Care bill. Those with HP from former employers have no guarantee the benefits will persist in the future. I am fortunate in having a fall back position if it becomes untenable. As a Canadian I can return to Canada and re-establish residency in 6 months and qualify for health care there.

Quote:
Employment: While job is stable now, one never knows.
I'm fortunately in a relatively recession proof profession - although we are seeing falling visit numbers and may see cut backs in coverage. I am diversified however as I work 2 jobs. Either one is sufficient to cover my expenses.

Quote:
What are some wild cards for you? How do reduce the risk of wildcards?
10 years is a long time and much could change. Plan for the worst, hope for the best. What else can one do? Or as Uncle Mick no doubt would say: By mobile, hostile and agile, don't bet against the USA and pssst... Wellesley.

DD
__________________
At 54% of FIRE target
DblDoc is offline   Reply With Quote
Old 12-27-2010, 01:06 PM   #38
Thinks s/he gets paid by the post
 
Join Date: Jan 2006
Posts: 2,972
I'm assuming real returns of 0%. As long as I stay even with inflation, i'll be happy. Every year I work (at $48K/yr gross) pays for that year plus 2 years of savings. So if I work another 10 years i'll save enough for 20 years. I already have enough for nearly 10 years so that gets me by until age 71 if I retire in 2020 at age 41. Add in a couple of small inheritances and it gets me to 75. Based on male longevity in my family i'll be lucky to make it to that age. If I make it past that then SS will be enough to get me by. Real returns above 0% and i'll feel rich by comparison.
__________________
aaronc879 is offline   Reply With Quote
Old 12-27-2010, 01:39 PM   #39
Full time employment: Posting here.
 
Join Date: Dec 2010
Location: Southern California
Posts: 916
[QUOTE=DblDoc;1016568]
Quote:
Originally Posted by Aiming_4_55 View Post
Real or nominal? I have seen estimates going forward ranging from about 3-5% real. Based on my AA my assumption is ~ 4% real.

nominal

10 years is a long time and much could change. Plan for the worst, hope for the best. What else can one do? Or as Uncle Mick no doubt would say: By mobile, hostile and agile, don't bet against the USA and pssst... Wellesley.

10 years is long time, just have to adjust as time flys by ;-)

DD
__________________
Aiming_4_55 is offline   Reply With Quote
Old 12-27-2010, 01:41 PM   #40
Full time employment: Posting here.
 
Join Date: Dec 2010
Location: Southern California
Posts: 916
Quote:
Originally Posted by aaronc879 View Post
I'm assuming real returns of 0%. As long as I stay even with inflation, i'll be happy. Every year I work (at $48K/yr gross) pays for that year plus 2 years of savings. So if I work another 10 years i'll save enough for 20 years. I already have enough for nearly 10 years so that gets me by until age 71 if I retire in 2020 at age 41. Add in a couple of small inheritances and it gets me to 75. Based on male longevity in my family i'll be lucky to make it to that age. If I make it past that then SS will be enough to get me by. Real returns above 0% and i'll feel rich by comparison.

Good for u! Only if I could reduce my expenses more, but we save a good rate now.
__________________

__________________
Aiming_4_55 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
Grocery Store vs Trader Joe's vs Super Target vs Wholesale Club bank5 FIRE and Money 152 04-13-2009 12:26 PM
Century Club yakers Travel Information 29 03-10-2008 08:32 AM
Retirement 2020 Conference Proceedings kcowan FIRE and Money 2 05-20-2007 10:58 PM
35 MPG by 2020? TromboneAl Other topics 6 05-08-2007 10:16 PM
Retirement in 2020? bongo2 Young Dreamers 21 01-29-2004 04:03 PM

 

 
All times are GMT -6. The time now is 01:08 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.