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02-11-2018, 04:30 PM
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#1681
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Full time employment: Posting here.
Join Date: Aug 2016
Posts: 770
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There must be something about that $1.3M mark. It seemed like it took us forever to go over it and when we finally did, we zoomed up to the almost $1.4M mark. Then, the market laughed and said, "I giveth and I taketh away" and we fell below $1.3M. We're teetering on the edge of $1.3M now.
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Share your FIRE Milestones
02-11-2018, 07:48 PM
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#1682
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Thinks s/he gets paid by the post
Join Date: Nov 2013
Location: Twin Cities
Posts: 3,941
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Share your FIRE Milestones
One breakthrough lately has been finding a retirement calculator/planner that I actually enjoy using, Personal Capital - Retirement Planner. It inputs all of my existing finances into a modern interface automatically, then it uses Monte Carlo simulations and lets me play endlessly with all kinds of what-ifs. The scenario I like best has DW and me FIREing in 2021 :-)
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02-15-2018, 06:18 AM
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#1683
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Recycles dryer sheets
Join Date: Nov 2013
Posts: 58
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Today I have my last, final performance review. I hope it’s good only because my bonus depends on it, but in reality...I couldn’t care less. The discussion about goals for this next year will go in one ear and out the other. [emoji846]
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02-15-2018, 06:31 AM
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#1684
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Thinks s/he gets paid by the post
Join Date: Jan 2017
Location: Des Moines
Posts: 1,389
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Quote:
Originally Posted by ears20
Today I have my last, final performance review. I hope it’s good only because my bonus depends on it, but in reality...I couldn’t care less. The discussion about goals for this next year will go in one ear and out the other. [emoji846]
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This would have to be one of the biggest things I don't miss!! Receiving, writing, giving, all aspects of performance review. We always did a whole thing of goal setting, oh don't miss that either!!! Today's goal - go to yoga and lounge around!
__________________
Retired in 2013 and we are living the dream!
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02-16-2018, 11:11 AM
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#1685
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Recycles dryer sheets
Join Date: Jul 2017
Posts: 54
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Quote:
Originally Posted by Carpediem
There must be something about that $1.3M mark. It seemed like it took us forever to go over it and when we finally did, we zoomed up to the almost $1.4M mark. Then, the market laughed and said, "I giveth and I taketh away" and we fell below $1.3M. We're teetering on the edge of $1.3M now.
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I was in the same boat as you these past few days. But, I just checked today and I'm back over $1.4M as of this afternoon. I'm also 70% to my mid-level FIRE goal of $2M (1.75M on the lower side, 2.25/2.5 on the higher side).
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02-16-2018, 11:51 AM
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#1686
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2009
Posts: 6,698
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I'm back over $1.5M again. Carpediem, looks like the market giveth back again!
__________________
Retired in late 2008 at age 45. Cashed in company stock, bought a lot of shares in a big bond fund and am living nicely off its dividends. IRA, SS, and a pension await me at age 60 and later. No kids, no debts.
"I want my money working for me instead of me working for my money!"
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02-16-2018, 06:24 PM
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#1687
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2018
Location: Tampa
Posts: 11,300
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Back over 1.7m today. Would like to get to 2m in the future.
__________________
TGIM
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03-16-2018, 06:53 AM
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#1688
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Thinks s/he gets paid by the post
Join Date: Oct 2008
Location: Naples
Posts: 2,179
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Sharing a milestone today with all my fellow retirees and those wannabe's. 30 years ago today was my last day of work with mega corp. The official date of retirement was 5-1-88 but I got to add on my six weeks of vacation so I walked out 30 years ago today. Funny, but I haven't missed it one bit.
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03-16-2018, 06:56 AM
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#1689
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2018
Location: Tampa
Posts: 11,300
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Quote:
Originally Posted by JOHNNIE36
Sharing a milestone today with all my fellow retirees and those wannabe's. 30 years ago today was my last day of work with mega corp. The official date of retirement was 5-1-88 but I got to add on my six weeks of vacation so I walked out 30 years ago today. Funny, but I haven't missed it one bit.
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Nice to hear for us newbie retirees. Any financial words of wisdom from someone who has experienced retirement longer than most on this site?
__________________
TGIM
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03-19-2018, 01:12 PM
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#1690
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Thinks s/he gets paid by the post
Join Date: Feb 2014
Location: Syracuse
Posts: 3,502
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I turned 59 and a half.
Look out IRA funds!
__________________
“No, not rich. I am a poor man with money, which is not the same thing"
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03-22-2018, 10:04 AM
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#1691
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Thinks s/he gets paid by the post
Join Date: Oct 2008
Location: Naples
Posts: 2,179
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Thanks for the reply Dtail. No real words of wisdom from this lucky guy. That's what I was to be able to retire at 51 with a defined benefit pension and a buyout. The most luck of all was having good genes. Health is everything. Whatever is in second place is a long way behind. I never was an investor other than my 401K. Can't help you there. My only claim to early retirement was good luck and good genes.
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03-22-2018, 11:10 AM
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#1692
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2018
Location: Tampa
Posts: 11,300
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Thanks JOHNNIE66. Had a buyout myself, but just good for 1 year. lol
I agree with your health comment. No amount of money can make up for bad health.
Have good genes in my family. We shall see.
__________________
TGIM
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03-24-2018, 07:11 AM
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#1693
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Thinks s/he gets paid by the post
Join Date: Nov 2013
Location: Twin Cities
Posts: 3,941
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DW’s bucket overfloweth and her last day is Friday. She plans to take the spring and summer off before exploring her next move, if any, at age 55. It’s nice to have options, thanks to decades of savings.
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03-24-2018, 04:09 PM
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#1694
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Recycles dryer sheets
Join Date: Jun 2011
Posts: 297
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Quote:
Originally Posted by Markola
DW’s bucket overfloweth and her last day is Friday. She plans to take the spring and summer off before exploring her next move, if any, at age 55. It’s nice to have options, thanks to decades of savings.
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Congrats to both of you !! Decades of savings is the key.... Good Job !
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03-25-2018, 01:29 PM
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#1695
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Thinks s/he gets paid by the post
Join Date: Nov 2013
Location: Twin Cities
Posts: 3,941
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Quote:
Originally Posted by retired1
Congrats to both of you !! Decades of savings is the key.... Good Job !
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Thank you! We just returned from looking at our new plot at the community garden. I bet she spends a lot of time there this summer.
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03-28-2018, 10:13 PM
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#1696
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Dryer sheet aficionado
Join Date: Jan 2018
Location: Midwest
Posts: 30
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My monthly expense varies depending on how I calculate it (do I include collecting firearms and travel, or just overhead?) but my basic cost of living is 1,000/month.
I'll be transferring about 330k from stocks and CDs into a single-state municipal bond fund that will pay a current tax-free dividend of just over $1k/month, and plan to never touch it. The money already exists elsewhere in my portfolio, and when not paying dividends, it's clocking in at around $1260 in monthly withdrawals at 100% success rate until I'm 80 on c fire sim.
Does this mean I am financially independent?
The next income milestone to reach will be 1600/mo, which includes business expenses that are incurred when my business income peaks, in effect taking care of itself. 2k/mo just translates into smart security, and at 3-5k/mo I might as well retire. But 1k is the critical number.
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04-02-2018, 06:46 AM
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#1697
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Moderator
Join Date: Apr 2012
Location: San Diego
Posts: 14,212
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HighOnLife - congrats on reaching this milestone. As you pointed out you'll probably need more to account for inflation unless these bonds are TIPs. But it's a great thing to get income streams set up.
__________________
Retired June 2014. No longer an enginerd - now I'm just a nerd.
micro pensions 6%, rental income 20%
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04-02-2018, 12:25 PM
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#1698
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2015
Location: Michigan
Posts: 5,003
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I passed 1 year RE on March 31. Lots of travel and photos. Ready to start year 2!
.
__________________
"The mountains are calling, and I must go." John Muir
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04-02-2018, 01:14 PM
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#1699
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2018
Location: Tampa
Posts: 11,300
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Quote:
Originally Posted by DrRoy
I passed 1 year RE on March 31. Lots of travel and photos. Ready to start year 2!
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I love looking at your pictures. Thanks for sharing and congrats. 8 months for me.
__________________
TGIM
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04-10-2018, 06:32 AM
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#1700
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Recycles dryer sheets
Join Date: Nov 2015
Posts: 63
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Quote:
Originally Posted by Going Sailing
NW just went over $2M last week. Then I realized that I had double counted one of DW's accounts so now back at $1.92. But for a few days in my mind we were multimillionaires!
More importantly, I have driven home from work in the dark for the last time! 160 days to go...
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We just passed the $2mm net worth on Friday with the help of our Bonuses. Jumped straight to $2.1mm including our home equity and two rentals. We are 70% to goal before retiring. Continuing to pay down home at the rate of 60k per year and should have paid off in 7 years. Then can seriously think of retirement. Plan is to sell everything, buy a boat to live and travel on for a minimum of 2years. We can’t wait!
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