Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
FIRE'd now heading to just FI
Old 08-12-2015, 07:08 PM   #1
Recycles dryer sheets
 
Join Date: Oct 2014
Posts: 356
FIRE'd now heading to just FI

DW and I became FI when we each retired from the military and began receiving our pensions. Unless, of course, our expenses outgrow those pensions. That hasn't happened yet. I added the RE in January of this year. It has been a fun 7 months. One goal was to get the young DW interested and involved in RE issues. That has been accomplished. The first 3-4 months of RE for me was covered by umpiring baseball, officiating volleyball matches and working on the honey do list. The past three months I have found myself yearning to get back into military aviation. I turn 50 in the fall and the plan is to complete OMY probably twice. I guess that would make it TMY's. The two year plan is to clean up all of the other areas of FIRE other than the pension portion. Wills, trusts, insurance, finalize investments and clean up the real estate trail I have left across the country. I do consider my FIRE a success. On an individual basis that is. But, for those of us with DW's (or DH's), we know it takes two to tango.

Had a great 6 fig job interview today and I have two 6 figure contingency offers already signed. I expect to be starting something soon.
__________________

__________________
-Big Dawg-FI since 9/2010. ER in 2015(failed-mentally not $$). Now back for TMY's.

" People say I'm lazy, dreaming my life away Well, they give me all kinds of advice designed to enlighten me When I tell them that I'm doing fine watching shadows on the wall "Don't you miss the big time, boy. You're no longer on the ball" -John Lennon-
Bigdawg 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 08-13-2015, 07:18 AM   #2
Thinks s/he gets paid by the post
Senator's Avatar
 
Join Date: Feb 2014
Location: Eagan, MN
Posts: 3,053
Good luck.

Once I am out, I am not going back...
__________________

__________________
FIRE no later than 7/5/2016 at 56 (done), securing '16 401K match (done), getting '15 401K match (done), LTI Bonus (done), Perf bonus (done), maxing out 401K (done), picking up 1,000 hours to get another year of pension (done), July 1st benefits (vacation day, healthcare) (done), July 4th holiday. 0 days left. (done) OFFICIALLY RETIRED 7/5/2016!!
Senator is offline   Reply With Quote
Old 08-13-2015, 08:18 AM   #3
Dryer sheet aficionado
 
Join Date: Jun 2015
Posts: 42
Congratulations and best of luck!
__________________
amyj05 is offline   Reply With Quote
Old 08-13-2015, 11:58 AM   #4
Recycles dryer sheets
 
Join Date: Oct 2014
Posts: 356
I admire most of the FIRE's folks on here because most set their goals, did their planning, due diligence, sacrificed, became FI and then chose the date and time for RE. I did not do that. The FI came easy with both of our military pensions. The past 7 months of RE was to shake up the DW and get her to start thinking about RE. She is only 43 and has a 75 yr old father who still runs his own company. Great example right? The 2 yr plan, like I posted earlier, is to shore up the budget, taxable accounts, emergency fund and real estate trail and be RE for me in 2 years. Probably 6 for DW. She gets a second pension then. She just got a raise and a 50% boost in vacation. DD has 2 more years of college. When she graduates, DW will get another wake up call. All in all I am happy with RE but also ready to go back to a career I enjoy (knowing that it will be short lived-OMY X 2). Thanks for everyone's support. FIRE, changing the definition as we go.
__________________
-Big Dawg-FI since 9/2010. ER in 2015(failed-mentally not $$). Now back for TMY's.

" People say I'm lazy, dreaming my life away Well, they give me all kinds of advice designed to enlighten me When I tell them that I'm doing fine watching shadows on the wall "Don't you miss the big time, boy. You're no longer on the ball" -John Lennon-
Bigdawg is offline   Reply With Quote
Old 08-15-2015, 10:13 AM   #5
Thinks s/he gets paid by the post
Live And Learn's Avatar
 
Join Date: Feb 2012
Location: Tampa Bay Area
Posts: 1,689
There is no shame in working after FI. You appear very eager to get back out there. FI gives you the option to do what makes you happy and this TMY seems to be exactly that for you. All the best with whichever gig you choose.
__________________
"For the time being no discipline brings joy, but seems grievous and painful; but afterwards it yields a peaceable fruit of righteousness to those who have been trained by it." ~
Hebrews 12:11

ER'd in June 2015 at age 52. Initial WR 3%. 50/40/10 (Equity/Bond/Short Term) AA.
Live And Learn is offline   Reply With Quote
Old 08-15-2015, 10:19 AM   #6
Recycles dryer sheets
Willers's Avatar
 
Join Date: May 2013
Posts: 480
I agree that being FI doesn't mean you have to retire. It gives you the freedom to be very selective. Nothing wrong with that...


Good luck!
__________________
“If you don't do it this year, you will be one year older when you do.” - Warren Miller
Willers is online now   Reply With Quote
Old 08-15-2015, 12:14 PM   #7
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,617
Quote:
Originally Posted by Bigdawg View Post
I turn 50 in the fall and the plan is to complete OMY probably twice. I guess that would make it TMY's. The two year plan is to clean up all of the other areas of FIRE other than the pension portion. Wills, trusts, insurance, finalize investments and clean up the real estate trail I have left across the country. I do consider my FIRE a success. On an individual basis that is. But, for those of us with DW's (or DH's), we know it takes two to tango.

Had a great 6 fig job interview today and I have two 6 figure contingency offers already signed. I expect to be starting something soon.
Quote:
Originally Posted by Bigdawg View Post
The 2 yr plan, like I posted earlier, is to shore up the budget, taxable accounts, emergency fund and real estate trail and be RE for me in 2 years. Probably 6 for DW. She gets a second pension then. She just got a raise and a 50% boost in vacation. DD has 2 more years of college. When she graduates, DW will get another wake up call. All in all I am happy with RE but also ready to go back to a career I enjoy (knowing that it will be short lived-OMY X 2). Thanks for everyone's support. FIRE, changing the definition as we go.
Sounds like a well-thought-out plan.

You may find that your ability to tolerate corporate BS has significantly atrophied over the last few months...
__________________
*
*

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 08-17-2015, 08:34 PM   #8
Dryer sheet aficionado
bolt's Avatar
 
Join Date: Jun 2008
Posts: 27
Some people like to work! Getting "considered" at 50yrs old for a new line of work paying 6 figures sounds like a unique situation. Good luck!
__________________
bolt is offline   Reply With Quote
Old 08-18-2015, 06:37 AM   #9
Full time employment: Posting here.
Golden sunsets's Avatar
 
Join Date: Jun 2013
Posts: 735
How does one "get back to military aviation" in the private sector?
__________________
"Luck favors the prepared mind"
Pasteur
Golden sunsets is offline   Reply With Quote
Old 10-21-2015, 09:44 AM   #10
Recycles dryer sheets
 
Join Date: Oct 2014
Posts: 356
Quote:
Originally Posted by Golden sunsets View Post
How does one "get back to military aviation" in the private sector?
I retired from active duty 2 years ago. Military aviation is supported in large part by government contractors. That's what I am doing. Directly supporting military aviation as a government contractor. Solid company. Beni's are Decent. 50% match on 6% for 401K. Don't need much on the beni side after military pension and Tricare medical.

Into week 5. So far so good. As promised one week of travel per month. DW and I have already paid off 2 forms of debt and yearly taxes and fees on 2 properties. The 8 months off and 5 weeks back have propelled our retirement plans significantly. DW turns 44 in November and this has been a good wake up call.
__________________
-Big Dawg-FI since 9/2010. ER in 2015(failed-mentally not $$). Now back for TMY's.

" People say I'm lazy, dreaming my life away Well, they give me all kinds of advice designed to enlighten me When I tell them that I'm doing fine watching shadows on the wall "Don't you miss the big time, boy. You're no longer on the ball" -John Lennon-
Bigdawg is offline   Reply With Quote
Old 10-21-2015, 09:49 AM   #11
Recycles dryer sheets
 
Join Date: Oct 2014
Posts: 356
Quote:
Originally Posted by bolt View Post
Some people like to work! Getting "considered" at 50yrs old for a new line of work paying 6 figures sounds like a unique situation. Good luck!
Not really a new line of work. My jack of all trades, master of a few career in military aviation qualifies me for numerous career paths. Program Management. Project management, Logistics, aircraft maintenance/management, test and evaluation, etc... Most of these areas appreciate experienced workers.
__________________
-Big Dawg-FI since 9/2010. ER in 2015(failed-mentally not $$). Now back for TMY's.

" People say I'm lazy, dreaming my life away Well, they give me all kinds of advice designed to enlighten me When I tell them that I'm doing fine watching shadows on the wall "Don't you miss the big time, boy. You're no longer on the ball" -John Lennon-
Bigdawg is offline   Reply With Quote
Old 10-21-2015, 10:31 AM   #12
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2003
Location: Kansas City
Posts: 7,408
Quote:
Originally Posted by Bigdawg View Post
DW and I became FI when we each retired from the military and began receiving our pensions. Unless, of course, our expenses outgrow those pensions. That hasn't happened yet. I added the RE in January of this year. It has been a fun 7 months. One goal was to get the young DW interested and involved in RE issues. That has been accomplished. The first 3-4 months of RE for me was covered by umpiring baseball, officiating volleyball matches and working on the honey do list. The past three months I have found myself yearning to get back into military aviation. I turn 50 in the fall and the plan is to complete OMY probably twice. I guess that would make it TMY's. The two year plan is to clean up all of the other areas of FIRE other than the pension portion. Wills, trusts, insurance, finalize investments and clean up the real estate trail I have left across the country. I do consider my FIRE a success. On an individual basis that is. But, for those of us with DW's (or DH's), we know it takes two to tango.

Had a great 6 fig job interview today and I have two 6 figure contingency offers already signed. I expect to be starting something soon.
Double dippers - that's what we called them back in the day. One of my friend's was a triple - Navy pension, Apollo contracter and Space Shuttle.

heh heh heh - it can be fun/interesting if one is flexible on location and assignments.
__________________
unclemick is offline   Reply With Quote
Old 10-21-2015, 01:10 PM   #13
Thinks s/he gets paid by the post
Jay_Gatsby's Avatar
 
Join Date: Oct 2004
Posts: 1,719
Quote:
Originally Posted by unclemick View Post
Double dippers - that's what we called them back in the day. One of my friend's was a triple - Navy pension, Apollo contracter and Space Shuttle.

heh heh heh - it can be fun/interesting if one is flexible on location and assignments.
If your kids are grown (and they usually are by that point), you could *almost* look at assignment locations as a "vacation." Yes, you're still working, but you're doing so in a new location with lots to explore. At the same time, you're renting (paid for by the company) or living in company housing, and your contract may be 3, 6, 9 or 12 months, so you're not stuck if you don't like the location.
__________________

__________________
He had one of those rare smiles with a quality of eternal reassurance in it . . . It faced, or seemed to face, the whole external world for an instant and then concentrated on you with an irresistible prejudice in your favor. -- The Great Gatsby, F. Scott Fitzgerald
Jay_Gatsby 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
Fire! Fire!---Not FIRE mickeyd Other topics 16 11-18-2008 05:19 PM
Well oil is over 91 a barrel heading to 100+. newguy88 Other topics 18 10-28-2007 06:29 PM
Heading to Manmouth Cave Kentucky OAG Travel Information 2 10-22-2007 04:28 PM
CBS 60min - U.S. Heading For Financial Trouble? dex Life after FIRE 70 07-23-2007 10:55 PM
UncleMick, Are You Heading For High Ground? haha Other topics 16 09-19-2004 05:55 PM

 

 
All times are GMT -6. The time now is 10:03 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.