I think I’m at the point I just need a good excuse to quite working. One really bad day at work will probably be the trigger to quite. The problem is once you are FI, it seems like there are less things to piss you off because you are able to say no.
Financially we have a nest egg a little over 20 times our current income. We’ve always lived within our means, so living on 4% of our savings shouldn’t be too much of a stretch. I know the right way is to track our expenses and make a budget, but I guess I’m just too lazy or too conservative. It seems whenever I make a retirement budget, I can justify a lot of additional optional spending (travel, college, weddings, grandchildren, etc.). It’s so easy to get into the OMY mode.
We’ve always been able to save first and live comfortably on the remaining amount. I’m not sure why retirement would be any different. We do have an income over $100k/year in a low cost of living area, so there is plenty of room to tighten our belt if/when needed.
I’m still relatively young at 50. Our oldest child will be graduating state college in about 1 year. He is currently planning on going to grad school. We’ve helped him thru college so that he has $0 debt so far. I’m thinking grad school should be at his cost. Our youngest child will be graduating high school in about 1 year. She plans on going to college. We’ll help her thru a 4 year program just like her brother. We already have a 529 plan which will cover about half the cost for a state college.
I general do like my work and the people I work with. I started with the company about 30 years ago as the new kid and now I’m one of the old guys. Mega Corp is currently going thru a major restructuring which for the most part I’m ignoring. After a few restructurings, I view them mostly as a move to reenergize the employees to be more profit focused by doing X. So far none of the previous restructurings have made my work life change for the better or worse. I don’t see the current restructuring being any different than the previous ones.
Work has been a little slow lately. So I’ve been unofficially going to reduce time/telecommuting on my own terms. Lately a typical week has been three full days/week in the office and two part time days at home. So I work about 32 hrs. and take about 8 hrs. of PTO so that my pay stays at a 40 hr week. The work is getting done and the department manager seems to be happy. At this rate, I have about 1 year before I run out of PTO. At that time I may just unofficially go to reduced time/pay to see if anyone objects.
Who knows? Maybe work will continue to be slow and they decide to either let me go so I can collect unemployment or offer an early retirement package.
Here’s hoping for a really bad day.
Financially we have a nest egg a little over 20 times our current income. We’ve always lived within our means, so living on 4% of our savings shouldn’t be too much of a stretch. I know the right way is to track our expenses and make a budget, but I guess I’m just too lazy or too conservative. It seems whenever I make a retirement budget, I can justify a lot of additional optional spending (travel, college, weddings, grandchildren, etc.). It’s so easy to get into the OMY mode.
We’ve always been able to save first and live comfortably on the remaining amount. I’m not sure why retirement would be any different. We do have an income over $100k/year in a low cost of living area, so there is plenty of room to tighten our belt if/when needed.
I’m still relatively young at 50. Our oldest child will be graduating state college in about 1 year. He is currently planning on going to grad school. We’ve helped him thru college so that he has $0 debt so far. I’m thinking grad school should be at his cost. Our youngest child will be graduating high school in about 1 year. She plans on going to college. We’ll help her thru a 4 year program just like her brother. We already have a 529 plan which will cover about half the cost for a state college.
I general do like my work and the people I work with. I started with the company about 30 years ago as the new kid and now I’m one of the old guys. Mega Corp is currently going thru a major restructuring which for the most part I’m ignoring. After a few restructurings, I view them mostly as a move to reenergize the employees to be more profit focused by doing X. So far none of the previous restructurings have made my work life change for the better or worse. I don’t see the current restructuring being any different than the previous ones.
Work has been a little slow lately. So I’ve been unofficially going to reduce time/telecommuting on my own terms. Lately a typical week has been three full days/week in the office and two part time days at home. So I work about 32 hrs. and take about 8 hrs. of PTO so that my pay stays at a 40 hr week. The work is getting done and the department manager seems to be happy. At this rate, I have about 1 year before I run out of PTO. At that time I may just unofficially go to reduced time/pay to see if anyone objects.
Who knows? Maybe work will continue to be slow and they decide to either let me go so I can collect unemployment or offer an early retirement package.
Here’s hoping for a really bad day.
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