Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 08-23-2012, 01:41 PM   #21
Dryer sheet aficionado
 
Join Date: Aug 2011
Location: Northampton
Posts: 29
I can totally relate! Somehow knowing that you are "almost there" makes every bad day at work feel like even more of a "sacrifice". The logic here is to make sure you and your spouse are really on the same page about what is most important in your lives right now: shoring up your long-term financial security or having inner peace.
I would encourage some lateral thinking; it is not really "all-or-nothing". Taking a leave of absence/sabbatical, changing jobs, and downsizing your home to shore up the finances might all be alternatives to staying put in a state of high stress.
__________________

__________________
Rachel 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 08-23-2012, 02:01 PM   #22
Full time employment: Posting here.
 
Join Date: Apr 2006
Posts: 925
I do not have much to add; just another voice in this choir really.

My numbers work with my fairly small next egg (compared to some here) since I also have fairly low expenses/needs/etc. I do have a supportive partner with no plans to retire soon who really wants me to pull the plug now; we do keep our finances separate; but, she has promised not to let me starve if things go really badly for me.

Even though I do not particularly enjoy my weekdays (along with too many weekends) now, they are well compensated. I would likely be looking at a 40-50% pay cut for similar effort if I would need to reenter the workforce a few years down the road assuming I could even reenter after significant time off. (Technology moving fast; me getting older; etc.)

Current compensation coupled with my own fears keeps me in the rat race for now: 20+ yeas from SS/Medicare, ability to actually achieve modeled investment returns, etc.
__________________

__________________
If there's one thing in my life that's missing; It's the time I spend alone
Sailing on the cool and bright clear waters; There's lots of those friendly people
Showin me ways to go; And I never want to lose your inspiration
CoolChange is offline   Reply With Quote
Old 08-23-2012, 08:23 PM   #23
Full time employment: Posting here.
martyp's Avatar
 
Join Date: Sep 2010
Location: Bangkok
Posts: 963
I can relate to the feeling. When I made my decision to retire I told myself that I would give the decision 2-3 months to marinate and see if it still looked like a good idea at that time. It was a very surreal couple of months. I finally announce my retirement to my boss. The next 3 months was then a different kind of weirdness.
__________________
martyp is offline   Reply With Quote
Old 08-23-2012, 08:31 PM   #24
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2006
Posts: 11,018
I had a surreal experience today. Met with boss for performance appraisal. Learned that Megacorp wants to invest in meadbh "for the future". Leadership seminars, yada yada yada. Boss's vision diverges from contractor's dream. Boss's vision would put contractor in a great financial position. What to do?
__________________
Meadbh is offline   Reply With Quote
Old 08-24-2012, 01:03 AM   #25
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,617
Quote:
Originally Posted by Meadbh View Post
Leadership seminars, yada yada yada.
The problem with leadership seminars is that eventually you're expected to show some leadership.
__________________
*
*

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 08-25-2012, 11:56 AM   #26
Thinks s/he gets paid by the post
Live And Learn's Avatar
 
Join Date: Feb 2012
Location: Tampa Bay Area
Posts: 1,689
Quote:
Originally Posted by Rachel View Post
Somehow knowing that you are "almost there" makes every bad day at work feel like even more of a "sacrifice".
Exactly ! I find myself with much shorter patience now that I'm close. My BS bucket is filling up much faster than it used to.

I always thought that I would be able to tolerate MORE BS as I became less dependant on my salary, that I could secretly laugh it off because "I dont NEED to be here", but its exactly the opposite !
__________________
"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 08-25-2012, 12:04 PM   #27
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
NW-Bound's Avatar
 
Join Date: Jul 2008
Posts: 19,418
Quote:
Originally Posted by Meadbh View Post
Boss's vision diverges from contractor's dream. Boss's vision would put contractor in a great financial position. What to do?
As a free-lancer/contractor, I walked away from permanent job offers with a nice title twice. And recently, I have done even better. I walked away from money.

If they offered me a million buck to stay - well, it could be a lot lower as my price is not as high as that , I could be bribed. But they just did not provide enough incentive for my "greed" side, else I could have gone for "another year".
__________________
"Old age is the most unexpected of all things that can happen to a man" -- Leon Trotsky
NW-Bound is online now   Reply With Quote
Old 08-25-2012, 03:25 PM   #28
Recycles dryer sheets
RitaR551's Avatar
 
Join Date: Apr 2012
Location: Delta
Posts: 137
I have four months to go and they can't pass fast enough. The stress is starting to take a toll on my health. What keeps going through my head is it won't be long now and get me outta here!
__________________
RitaR551 is offline   Reply With Quote
Old 08-26-2012, 08:23 AM   #29
Recycles dryer sheets
 
Join Date: Dec 2010
Location: Tequesta
Posts: 279
I like the "BS Bucket"! Mine is overflowing.
__________________
67walkon is offline   Reply With Quote
Old 08-26-2012, 10:32 AM   #30
Thinks s/he gets paid by the post
DFW_M5's Avatar
 
Join Date: Sep 2003
Posts: 4,982
Quote:
Originally Posted by 67walkon View Post
I like the "BS Bucket"! Mine is overflowing.
I stopped taking things too seriously and my overflowing bucket is less of a problem. Also, rubbing on some BS repellant helps
__________________
DFW_M5 is offline   Reply With Quote
Old 08-26-2012, 11:35 AM   #31
Dryer sheet aficionado
 
Join Date: Mar 2011
Posts: 28
I had a third bucket that I carried in my head. That bucket was continually being filled with more and more people I knew, knew of or heard of who either became seriously ill or were no longer with us. With that bucket becoming ever more heavy, it enabled me to transition my thinking from the benefits of accumulating one more year of earnings to waiting meant one less year of the freedom to do whatever I wanted with our most precious commodity - time. As soon as I could, I chose freedom and couldn't be happier!
__________________
btbw2380 is offline   Reply With Quote
Old 08-26-2012, 12:16 PM   #32
Recycles dryer sheets
WestLake's Avatar
 
Join Date: Jun 2011
Posts: 239
Should a greed bucket be identified?
__________________
WestLake is offline   Reply With Quote
Old 08-26-2012, 12:34 PM   #33
Thinks s/he gets paid by the post
grasshopper's Avatar
 
Join Date: Oct 2010
Posts: 1,670
Quote:
Originally Posted by btbw2380 View Post
I had a third bucket that I carried in my head. That bucket was continually being filled with more and more people I knew, knew of or heard of who either became seriously ill or were no longer with us. With that bucket becoming ever more heavy, it enabled me to transition my thinking from the benefits of accumulating one more year of earnings to waiting meant one less year of the freedom to do whatever I wanted with our most precious commodity - time. As soon as I could, I chose freedom and couldn't be happier!
I retired 6 years ago to a little hamlet of older retirees. Through the years so many have had to move closer to children, closer to healthcare, or were carried out. I am not reading the obituary daily like some, but it is hard to see friends and neighbors leave the place that they really want to be.

Melancholy turned off.
__________________
For me experiences are not good or bad, just different
grasshopper is offline   Reply With Quote
Old 08-26-2012, 12:51 PM   #34
Thinks s/he gets paid by the post
 
Join Date: Aug 2005
Posts: 2,056
Quote:
Originally Posted by grasshopper View Post
I retired 6 years ago to a little hamlet of older retirees. Through the years so many have had to move closer to children, closer to healthcare, or were carried out. I am not reading the obituary daily like some, but it is hard to see friends and neighbors leave the place that they really want to be.

Melancholy turned off.
That makes me think of something that happened with my Mom and stepdad. They bought a second house down in Florida about 10 years ago, with the idea of retiring down there eventually. They rented it out for a few years, but when the tenants moved out, they didn't re-rent, but would use it as a vacation home.

Well, they became really good friends with their next-door neighbors, and were looking forward to the day they moved down permanently.

Unfortunately, the neighbors up and left, moving back to Pittsburgh, to be closer to family. They ended up having to sell the Florida house at a steep loss. Worse, the condo they moved into wasn't cheap, has a high condo fee, and heating bills are high. So, they're paying more now to live than they were in Florida, and hating the winters!

As for my Mom? Well, she retired about a year and a half ago, and it's been a year for my stepdad. And they're still up here in MD. So, I don't know if they'll ever go down!

As for that time bucket, I've really been thinking about it myself lately. Even at the relatively young age of 42, I swear it seems like the time is going by in a blur...
__________________
Andre1969 is offline   Reply With Quote
Old 08-26-2012, 12:58 PM   #35
Moderator
Alan's Avatar
 
Join Date: Jul 2005
Location: Eee Bah Gum
Posts: 21,100
Quote:
Originally Posted by Andre1969 View Post
As for that time bucket, I've really been thinking about it myself lately. Even at the relatively young age of 42, I swear it seems like the time is going by in a blur...
I was just the same at 42, but 10 years later when I only had 3 years to grind out to get my pension and health bennies, time seemed to crawl by.
__________________
Retired in Jan, 2010 at 55, moved to England in May 2016
Now it's adventure before dementia
Alan is offline   Reply With Quote
Old 08-26-2012, 01:20 PM   #36
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Amethyst's Avatar
 
Join Date: Dec 2008
Posts: 5,887
I know it is only greed, but I look at the retirees from my Department who turn around immediately and come back as contractors or rehired annuitants, thus getting pensions and salaries simultaneously. Not following their example feels like leaving $$ on the table.

Amethyst

Quote:
Originally Posted by WestLake View Post
Should a greed bucket be identified?
__________________
If you understood everything I say, you'd be me ~ Miles Davis
'There is only one success to be able to spend your life in your own way. Christopher Morley.
Amethyst is offline   Reply With Quote
Old 08-26-2012, 02:44 PM   #37
Thinks s/he gets paid by the post
Huston55's Avatar
 
Join Date: Jul 2011
Location: The Bay Area
Posts: 1,802
Quote:
Originally Posted by urn2bfree View Post
There is a lot of talk on these forums about the One More Year syndrome wherein you delay retiring to get just a little more $$ or certainty about pulling the plug. I get that and feel that sometimes. But I have not seen as much about what I think I feel much more often which is a mixture of One More Year now swamped by wanting to pull out NOW! Once I saw that I am close, most of my thoughts are how can I get out sooner. Can I accept less certainty, or lower spending just to get the heck out ASAP. ? It is like a snowball effect, but is a FIREball instead, that once it got started rolling it just keeps picking up speed and momentum. Little things at work seem to bother me both more than ever and less at the same time as I realize they can't bother me too much longer. It is a very strange mix. I am ready to LBYM in any way shape or form (spouse not on board ,for that)
Knowing that my wife intends to keep working for 10 more years and that we can probably live off her salary without touching our savings the whole 10 years, and get Health Insurance thru her employer makes it that much easier to contemplate pulling out earlier than my original hopes and plans. But I hate the idea that she would HAVE to keep working...and Really only the uncertainty about costs of health insurance give me serious pause in this regard.
Be careful opening the FIREbox because once let loose, tolerance for the work grind can really be diminished. Anyone else relate to this?
+1
Every day, in every way!

We're on the edge of FI (FIRECalc & Fido RIP say we are FI but my BRAINCalc isn't quite there yet). So, I've decided that it's important to start taking concrete steps to help me make the leap. This is what we have done thus far:

1. Detailed expense tracking versus RE budget: ongoing for past 8 mos
2. Put cash in place for first 3+/- yrs expenses: exploring the mechanics
3. Select initial retirement location: we are down to two potential locales.
4. Determine RE health care option: have two choices - TriCare or employer's retiree medical.
5. Pay mortgage: done and property now rented
6. Get major medical/dental work done: working through it

My theory is that, once we've worked through this list, we should have no major obstacle to RE.
__________________
You may be whatever you resolve to be.
Huston55 is offline   Reply With Quote
Old 08-27-2012, 09:11 AM   #38
Confused about dryer sheets
 
Join Date: Aug 2012
Posts: 1
Quote:
Originally Posted by Nords View Post
This is what makes people research the cost of medical treatment at Bumrungrad Hospital...
Funny that you mention Thailand, I have spent all my professional life there (I am now 44) and just hit my goalpost (1 M USD) for ER ... I am fully in "one more year vs. get me outta there" mode. Based on what I read so far on the forum, 1 M USD is low for ER, however in the sout-east asia area, for a "no kid/no intention to start a family" single guy, I feel it should be sufficient as long as you manage to get the inflation rate on your capital ... and as long as you do not target an over-extended old age.
One more year, .... or stop now ... difficult choice !
__________________
lazyb is offline   Reply With Quote
Old 08-28-2012, 02:47 PM   #39
Full time employment: Posting here.
urn2bfree's Avatar
 
Join Date: Feb 2011
Posts: 711
I would succinctly summarize the two bucket philosophy as follows:
When you have had enough AND you have enough, it is time to get out.
__________________
urn2bfree is offline   Reply With Quote
Old 08-28-2012, 05:55 PM   #40
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Mulligan's Avatar
 
Join Date: May 2009
Posts: 7,379
Quote:
Originally Posted by Meadbh
I had a surreal experience today. Met with boss for performance appraisal. Learned that Megacorp wants to invest in meadbh "for the future". Leadership seminars, yada yada yada. Boss's vision diverges from contractor's dream. Boss's vision would put contractor in a great financial position. What to do?
I enjoyed my final performance review. My boss (who I actually enjoyed working for) called me in for the review. He started to go over it and I cut him off and said, I am retiring in two months, so it doesn't matter. Let me just sign it and you can put it in the file. I signed it and never even looked at it. Didn't ask for a copy either.
__________________

__________________
Mulligan 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


 

 
All times are GMT -6. The time now is 11:00 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.