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Re: Risk/Reward of ER
Old 03-21-2006, 10:05 AM   #21
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Re: Risk/Reward of ER

I love that poem! *I keep coming back to it over and over. *In part, it is the philosophy that caused me to chuck it all and ER.

setab
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Re: Risk/Reward of ER
Old 03-21-2006, 11:30 AM   #22
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Re: Risk/Reward of ER

Thanks to everyone who posted their thoughts on this thread. Now in my 50ís, I look back on my 20ís and wonder what would have happened if onlyÖ Now I wonder what I will think when in my 70ís I look back at my 50ís. I canít imagine that I will regret ER no matter what the outcome.
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Re: Risk/Reward of ER
Old 03-21-2006, 12:58 PM   #23
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Re: Risk/Reward of ER

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Originally Posted by AFloat
Now in my 50ís, I look back on my 20ís and wonder what would have happened if onlyÖ Now I wonder what I will think when in my 70ís I look back at my 50ís.
If I was 20 again and knowing what I know now, I'm not sure that my body would have endured to my 30s...
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Re: Risk/Reward of ER
Old 03-21-2006, 01:32 PM   #24
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Re: Risk/Reward of ER

I'd have the same concerns. As it was, nobody was more surprised than me to wake up on my 30th birthday.

Whenever I go back east and randomly run into someone I havent seen for 10-20 years, I always get one of the same two lines:

"I heard you were dead"

"I'm surprised your not dead"
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Re: Risk/Reward of ER
Old 03-21-2006, 02:54 PM   #25
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Re: Risk/Reward of ER

Hi Afloat,

Very well put. I saw my parents save their whole lives, and the FIRE'd 12 years ago at age 57. I want to be like them, but FIRE at 52. My dad (who takes care of the finances) is very risk averse, and although I didn't at the time know how much they retired with, I knew they wouldn't do it unless they were SURE they'd be OK.

We have longevity on both sides of my family - late 80s to mid-90s for my grandparents, so the risk of running out of money feels high.

Although I have been saving since I started working, several things in the last few years have solidified my desire to enjoy my life as much as possible, and convinced me to FIRE as soon as I can - a friend of mine died of leukemia at 42, and I wrecked my car but walked away unscathed. Both events made me think hard about choices in life.

That, plus I see how much fun my parents are having in retirement! They are two of the most active and busy people I know, and they love it.

Karen
(whose parents are on their way from FL to their home in NH now that winter is winding down)
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Re: Risk/Reward of ER
Old 03-21-2006, 03:14 PM   #26
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Re: Risk/Reward of ER

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Originally Posted by AFloat
what if you get a major medical problem or you or your family has a financial tragedy thatís going to eat up a big portion of your savings.
i gave medical maybe too quick a thought. i figured anything that could wipe me out financially now could have wipe me out while i was working too. fortunately, having given it such little thought, it was by default a no brainer.
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