Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 08-12-2016, 01:47 PM   #1201
Dryer sheet wannabe
 
Join Date: Jan 2010
Location: Arlington
Posts: 14
Quote:
Originally Posted by simple girl View Post
Congratulations! That is an extremely impressive milestone, especially for your age!!!
Thanks simple girl and 2017ish. My DW and I can't talk about our FI/RE goals and progress with friends or family because it's awkward (all my friends are very successful but spend to their means whereas we're more frugal - but not cheap). So I'm glad to share with you all!
__________________

__________________
bigmarley4 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 08-12-2016, 02:42 PM   #1202
Thinks s/he gets paid by the post
timo2's Avatar
 
Join Date: Jul 2011
Location: Fort Collins
Posts: 1,382
Just downsized to one car after selling the house in July. Still have more stuff to get rid of though.
__________________

__________________
"The natural inclination of every boat everywhere is to sink".......Nicole Pasulka
timo2 is offline   Reply With Quote
Old 08-12-2016, 07:46 PM   #1203
Full time employment: Posting here.
 
Join Date: Jun 2012
Location: Suburban Woods in Ohio
Posts: 503
Quote:
Originally Posted by simple girl View Post
Congratulations! That is an extremely impressive milestone, especially for your age!!!
+1 Wow. I know many folks your age who wish they could say the same!!
__________________
"Everything becomes more itself." --C.S. Lewis
LitGal is offline   Reply With Quote
Old 08-13-2016, 03:27 PM   #1204
Recycles dryer sheets
boilerman's Avatar
 
Join Date: Sep 2007
Posts: 78
Happy to report that:

1) My one DD has graduated from college (debt free) and started a full time job with benefits. She is living on her own, paying all her bills and I am removing her my benefits package for a $300 a month savings to me!

2) Although I won’t RE until Jan 2018, I have 10 weeks’ vacation to take so my last day in the office will be mid October 2017. Since I will give 60 days notice to my boss to replace me, that means I will be giving notice in mid August 2017 - exactly 1 year from now (yeah!)

3) 401K has reached $1.1M for the first time. Combined with my megacorp pension of $68K per year, retirement medical benefits from my company and other IRA and after tax savings of about $300K, I have reached the minimum retirement income I had always planned on for retirement.

The combination of these 3 milestones has me feeling very much FI and working another year will give me the margin I need to sleep well at night after I hang it up. I’ll be 57 and DW will be 60.

I am on the glide path and enjoying it!
__________________
boilerman is offline   Reply With Quote
Old 08-15-2016, 07:34 AM   #1205
Recycles dryer sheets
 
Join Date: Nov 2015
Posts: 263
Crunched the numbers on Aug 1...$690k net worth. Im 33, DW is 32. We currently have no debt. Will a million ever get here!?
__________________
ponyboy is offline   Reply With Quote
Old 08-15-2016, 08:40 AM   #1206
Dryer sheet wannabe
 
Join Date: Jan 2010
Location: Arlington
Posts: 14
Quote:
Originally Posted by boilerman View Post
Happy to report that:

...I have reached the minimum retirement income I had always planned on for retirement...
I am on the glide path and enjoying it!
Congrats - that's great!

bigM
__________________
bigmarley4 is offline   Reply With Quote
Old 08-15-2016, 11:40 AM   #1207
Dryer sheet wannabe
 
Join Date: Aug 2016
Posts: 13
Quote:
Originally Posted by ponyboy View Post
Crunched the numbers on Aug 1...$690k net worth. Im 33, DW is 32. We currently have no debt. Will a million ever get here!?
It will, faster than you think. Impressive NW for your age, keep up the good work.
__________________
You get what you inspect, not what you expect.
2Pizzas is offline   Reply With Quote
Old 08-15-2016, 03:07 PM   #1208
Recycles dryer sheets
Maenad's Avatar
 
Join Date: Oct 2012
Location: Minneapolis 'burbs
Posts: 151
DH and I have been working as engineers for the past 19 years. Over the past two months we have put more money into our retirement savings* than either of our gross salaries in our first year out of school.

IOW, say we were each making $45K gross the first year, we just put in $46K in 2 months.

Damn. That's a lot of scratch.


*Due to his bonus, and unexpected bonus for me, and a triple-paycheck month
__________________
Maenad is offline   Reply With Quote
Old 08-16-2016, 10:11 AM   #1209
Recycles dryer sheets
 
Join Date: Jan 2015
Posts: 87
Hi Big Bob
By chance are you retired Military? I ask because I knew someone with that handle lol.
I am 56 and only at about 650K but I do have my 3700.00 monthly mil pension and well price health care so I way I see it I will have a good 3M at age 62. Have a nice day all
__________________
cnocmmz is offline   Reply With Quote
Old 08-16-2016, 11:47 AM   #1210
Recycles dryer sheets
BigBob's Avatar
 
Join Date: Apr 2007
Location: Sebring
Posts: 190
Quote:
Originally Posted by cnocmmz View Post
Hi Big Bob
By chance are you retired Military?
No, not retired Military; IT software development (and it has been getting more and more militaristic lately!) 1 week and 2 days till retirement for me!!
-- Not waiting any longer and getting excited.
__________________
FIRE reality = Aug 25, 2016
BigBob is offline   Reply With Quote
Old 08-16-2016, 11:58 AM   #1211
Thinks s/he gets paid by the post
nash031's Avatar
 
Join Date: Jun 2013
Location: Coronado
Posts: 1,415
Quote:
Originally Posted by boilerman View Post
I am on the glide path and enjoying it!
Boiler up! DW (03) and I (99) are fellow Boilermakers (as are Mom and both sisters on my side!)
__________________
"So we beat to our own drummer in the sun;
We ask for nobody's permission to run.
I just wanna live in a world like that;
Now I'm gonna live in a world like that!" - World Like That, O.A.R.
nash031 is offline   Reply With Quote
Old 08-16-2016, 03:04 PM   #1212
Recycles dryer sheets
 
Join Date: Oct 2014
Posts: 276
My TSP (401K) which I left at about 80K in 2013 just went over 100K today. I had to stop contributing upon retirment (from the USMC).

A few online sites are telling me my old house in SoCal (rented out) has over 170K equity.

DD (last kid) is starting her senior year at Univ of Delaware.

All is well.
__________________
-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 08-16-2016, 07:56 PM   #1213
Dryer sheet aficionado
 
Join Date: Sep 2014
Posts: 49
Net worth just hit 1.75 mil (including home equity). FI can't get here soon enough.
__________________
KrissK is offline   Reply With Quote
Old 08-21-2016, 09:25 PM   #1214
Recycles dryer sheets
 
Join Date: Jan 2015
Posts: 170
After 15 long years, I just paid off my college student loans from my undergraduate degree! This is more exciting than hitting a recent net worth of $365K ($1,450K w/S.O.). A huge weight has been lifted from my shoulders. Debt sucks (the life out of you).
__________________
Dreaming of Freedom is offline   Reply With Quote
Old 08-22-2016, 06:20 AM   #1215
Thinks s/he gets paid by the post
2017ish's Avatar
 
Join Date: Apr 2012
Posts: 1,771
Quote:
Originally Posted by Dreaming of Freedom View Post
After 15 long years, I just paid off my college student loans from my undergraduate degree! This is more exciting than hitting a recent net worth of $365K ($1,450K w/S.O.). A huge weight has been lifted from my shoulders. Debt sucks (the life out of you).
Excellent milestone. In addition to the psychological benefit, you now have the extra cash flow to save more on the asset side of the NW statement.

Congrats!
__________________
OMY * 3 2ish
2017ish is offline   Reply With Quote
99 days and counting
Old 08-22-2016, 09:07 AM   #1216
Recycles dryer sheets
 
Join Date: Feb 2015
Location: Southfield
Posts: 58
99 days and counting

Dipped down into the double digit countdown today. ER date is Dec. 1. I was fortunate to get an offer to sign up for ER and work 1/2 time for 6 months while getting paid for full time, plus the full year bonus. With 1/2 time status, vacation, holidays and so forth, it's only 25-1/2 actual days in the office, and only 18-1/2 equivalent full time days!

A few recent milestones. The house of over 25 years is on the market after a few months of fixing a few things and sprucing it up. We've already moved about 80% of our belongings to the retirement house, which has been our up north Michigan lake house for a few years now.

I'll be cleaning out my office this week, in preparation for the new guy coming the following week. For the remaining time I will telecommute unless I need to physically be in the office, and will just find a space to squat for the day. I should be able to transfer the remaining employees to their new supervisor by then as well, so the work will primarily be knowledge transfer and helping the new boss make some organizational changes.

This week I'll transfer some in-service funds from my 401K into a Fidelity account to be managed by a fiduciary FA as a test drive. I'm still not convinced that their services are worth 1%, but it is my nature to try something I'm not sure about and find out for real (as long as the risk is low enough LoL!). I will also start the formal final paperwork for our DB, still about 95% sure we'll do lump sum due to our health situation and low expectations of longevity.

Since we still have the family house until it sells and I commute 3-1/2 hours there and back each week, we've tested the ER budget to some extent, but some of that is paper based to account for that mortgage and travel.

We've been working on the house and moving a little each week, so I'm not really feeling semi retired yet. Well, except that the other weekend it was too windy to be out on lake Huron, but it was great on Monday so I went out fishing. No longer am I strictly tied to the weekend weather, I can begin to do things as nature allows!
__________________
The best way to predict the future is to invent it. - Alan Kay
fishndad42 is offline   Reply With Quote
Old 08-25-2016, 05:33 PM   #1217
Recycles dryer sheets
 
Join Date: Nov 2013
Posts: 125
Closed on selling one of my older commercial properties which included one of my coffee shops and two rentals.I included a 10 year lease to keep that coffee location open at a great rate.I have been way too heavily invested in real estate as I own all 4 of my retail properties. This was a poor location that I bought for a steal back in 2008 when commercial real estate in my area crashed. It has rebounded very nicely and will help greatly to balance my portfolio.
__________________
highlow65 is offline   Reply With Quote
Old 08-25-2016, 06:05 PM   #1218
Full time employment: Posting here.
 
Join Date: May 2007
Posts: 678
Quote:
Originally Posted by highlow65 View Post
Closed on selling one of my older commercial properties which included one of my coffee shops and two rentals.I included a 10 year lease to keep that coffee location open at a great rate.I have been way too heavily invested in real estate as I own all 4 of my retail properties. This was a poor location that I bought for a steal back in 2008 when commercial real estate in my area crashed. It has rebounded very nicely and will help greatly to balance my portfolio.
Do you plan on doing a 1031 exchange? I would like to sell some of mine but i am afraid of the tax bite?
__________________
Letj is offline   Reply With Quote
Old 08-26-2016, 03:31 PM   #1219
Recycles dryer sheets
 
Join Date: Nov 2013
Posts: 125
No, I am making a very large payment to Uncle Sam this year, but the increase was sizable and I really was way over invested in my Commercial properties. Trying to slowly downsize.
__________________
highlow65 is offline   Reply With Quote
Mortgage paid off!!
Old 08-27-2016, 09:00 AM   #1220
Dryer sheet aficionado
Gasdoc's Avatar
 
Join Date: Apr 2012
Location: Baltimore
Posts: 28
Mortgage paid off!!

Just excited to share that I paid my last check to the mortgage company this past week. I know we see a ton of people that make this same post, but I think we are all excited when we get to. 38 years old and a huge chunk of debt removed. I'm sure there was plenty of investment opportunity lost, but now pretty much all of my money can go into college funds and retirement (and taxes ). Had been putting over 100k in the past few years. No more! Pretty psyched. Cheers!
__________________

__________________
"Waiting for the time when I can finally say....this has all been wonderful, but now I'm on my way" - Trey Anastasio
Gasdoc 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 12:43 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.