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New to Early-Retirement.org and FIRE milestones
07-07-2017, 11:22 AM
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#1501
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Recycles dryer sheets
Join Date: Jul 2017
Location: Pittsburgh
Posts: 300
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New to Early-Retirement.org and FIRE milestones
I'm 58. In the past month, we've paid off our mortgage (after just 9 years) and crossed the $1.5M savings threshold. Hope to retire in the next couple of years in order to spend quality time with my partner-in-crime who is 73 and not in the best of health. What happens with the Affordable Care Act will probably dictate how long I wait.
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07-10-2017, 04:33 PM
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#1502
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Thinks s/he gets paid by the post
Join Date: Mar 2005
Location: yonder
Posts: 2,851
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This is my 2000th post (7/10/17, at 3:33PM or so)
__________________
When the people shall have nothing more to eat, they will eat the rich--philosopher Jean-Jacques Rousseau
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07-11-2017, 07:15 PM
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#1503
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Gone but not forgotten
Join Date: Jul 2012
Location: Peru
Posts: 6,335
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Us... 59 yrs ago July 12
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07-11-2017, 07:17 PM
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#1504
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Thinks s/he gets paid by the post
Join Date: Oct 2014
Posts: 1,544
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 Quote:
Originally Posted by imoldernu
Us... 59 yrs ago July 12
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Stud and his babe. Nice looking couple. And financially savy to boot.
__________________
-Big Dawg-FI since 9/2010. Failed ER in 2015. 2/15/2023=DONE! "Blow that dough"-Robbie
" 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-
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07-12-2017, 02:43 AM
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#1505
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Recycles dryer sheets
Join Date: Jul 2012
Posts: 407
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Quote:
Originally Posted by imoldernu
Us... 59 yrs ago July 12
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Congratulations on your anniversary! July 12 is ours, too, though not *quite* the 59th yet... 
__________________
I am willing to perform services in exchange for currency. For now.
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07-13-2017, 05:30 AM
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#1506
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Recycles dryer sheets
Join Date: Nov 2013
Posts: 475
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Downsize complete. It took two years but yesterday we turned over the keys our the big home we built and raised our kids in. Kind of sad but also excited for new chapters.
Our family of 5 (three boys will be in college this fall) moved from a 3500 sf home on 20 acres to our 900 sf furnished summer Vermont lake front cottage on a 50' wide lot. despite being a bit cramped, We love the simpler lifestyle. In October (after the kids head off to college) we take the next step in the process and move into our new to us winter home outside of St. George Utah so we can enjoy hiking and biking.
We have been retired for a couple of years but with the kids and house gone, it is starting to feel real. We have even planned our first "retirement trip" to go biking in Sicily in September.
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07-13-2017, 09:25 AM
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#1507
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Thinks s/he gets paid by the post
Join Date: Jul 2011
Location: The Bay Area
Posts: 2,736
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Quote:
Originally Posted by Huston55
1. 2003: Retired from the AF Reserves, guaranteeing a COLAd pension and retiree HI.
2. 2011: Became "mortgageless"
3. 2012: Achieved FI
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Quote:
Originally Posted by Huston55
DW, Fur Child, and I relocated to the Bay Area as planned. After lots of planning and preparation, and running from bad weather the past few weeks, we are finally here. 
Attachment 21216
Now it's just a matter of unpacking all the boxes, figuring out where to put everything, then remembering where we put it.
We are very excited to be here back though; been gone ~17 yrs and will now be able to spend lots more time with some close friends, exploring old haunts, and finding new ones. |
Update:
1. 2003: Retired from the AF Reserves, guaranteeing a COLAd pension and retiree HI.
2. 2011: Became "mortgageless"
3. 2012: Achieved FI
4. 2013: Reached NW (including NPV of guaranteed income streams) = Lifetime W2 Earnings.
5. 2014: FIREd
6. 2015: Returned to our chosen FIRE location...the SF Bay Area
7. 2017: FIREd for 3 yrs & NW > than on FIRE date.
__________________
You may be whatever you resolve to be.
100% x 10% > 10% x 100%
Small pensions & SS cover essentials
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07-13-2017, 09:28 AM
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#1508
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Thinks s/he gets paid by the post
Join Date: Apr 2012
Location: Nashville
Posts: 2,506
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Quote:
Originally Posted by Huston55
Update:
...
5. 2014: FIREd
6. 2015: Returned to our chosen FIRE location...the SF Bay Area
7. 2017: FIREd for 3 yrs & NW > than on FIRE date.
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That is impressive. S1 and his wife are dual engineers out there (he works in Mission area, she's in mountain view). Thus, I hear a lot about the housing costs....
__________________
OMY * 3 2ish Done 7.28.17
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07-13-2017, 12:01 PM
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#1509
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Thinks s/he gets paid by the post
Join Date: Jul 2011
Location: The Bay Area
Posts: 2,736
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Quote:
Originally Posted by 2017ish
That is impressive. S1 and his wife are dual engineers out there (he works in Mission area, she's in mountain view). Thus, I hear a lot about the housing costs....
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We moved here from Eastern Tennessee (see you're also somewhere in TN) so, it's quite a bit more expensive. But, we gave up a lot of living space to be able to do it; so, don't be too impressed. It's just DW, me & our small fur child so, we don't need a lot of space. The added benefit of downsizing is that it forces you to acknowledge how much 'stuff' you have...and get rid of much of it. It's honestly a very freeing experience. Although we loved living in TN, we're close to longtime friends & in our place of choice out here, which is worth a lot.
__________________
You may be whatever you resolve to be.
100% x 10% > 10% x 100%
Small pensions & SS cover essentials
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07-13-2017, 03:55 PM
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#1510
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Thinks s/he gets paid by the post
Join Date: Oct 2016
Posts: 1,512
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Today was my actual 25th workplace anniversary. I did it! I can now say that I am working, by choice, for another year - and I can leave if I have to. I am calling this year "Zero Year," and I have plans for it, just as I had for Year 5, Year 3.5, Year 2.5, Year 2, Year 1.5, Year 1, and Six Months (A little display I have taped to a sheet of paper). Because I've always been so insecure and, dare I say, timid, primarily because of financial anxieties, I am now, for the first time in my life, standing on a position of more or less, security. I feel like a different person. So often, we hear that people do not change. I am going to be an exception to that, I think. I can finally be my true self! If once can have a new beginning after age 60, I've got it!!!!
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07-13-2017, 03:56 PM
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#1511
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Recycles dryer sheets
Join Date: Mar 2013
Posts: 106
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I missed when i actually hit $500k net worth; but as of yesterday's close, we were at $549k between taxable and retirement accounts and real estate equity.
Taxable- 38k
Retirement- 247k
RE equity- $264k between 2x rentals and our primary residence.
Both 35 yrs old and 2x kids, 8 and 5. Army officer with 9 yrs till active duty pension.
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07-13-2017, 04:51 PM
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#1512
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Thinks s/he gets paid by the post
Join Date: Jan 2014
Posts: 1,770
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Pellice, Congratulations on your "zero" year. It's not that people do not change; they have to want to change.
Moneymaker, Congratulations!
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07-15-2017, 11:34 AM
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#1513
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Full time employment: Posting here.
Join Date: Aug 2016
Posts: 770
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Yeaaaa.....We hit the $1.5MM net worth milestone this week! And most of that is in investments.
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07-15-2017, 01:00 PM
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#1514
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Full time employment: Posting here.
Join Date: Feb 2017
Location: Severn
Posts: 947
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Quote:
Originally Posted by Carpediem
Yeaaaa.....We hit the $1.5MM net worth milestone this week! And most of that is in investments.
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Congrats!
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07-15-2017, 01:01 PM
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#1515
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Full time employment: Posting here.
Join Date: May 2011
Posts: 873
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Quote:
Originally Posted by imoldernu
Us... 59 yrs ago July 12
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You two make a lovely couple. We just passed our 38th on July 11th after know each other two weeks we got married.
Happy anniversary and thanks for being a shining light in this forum. Congrats.
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07-16-2017, 01:12 AM
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#1516
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Dryer sheet wannabe
Join Date: Jan 2012
Location: San Francisco
Posts: 12
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Quote:
Originally Posted by RockLife
Good job Jasonjam83! Keep up the hard work. Also remember, there is a correction coming. We all know it will come, we just don't know when. But knowing that, we can plan for it, stay the course and profit when it recovers. You're doing it right, keep doing it!
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Thanks RockLife! Do you think I should sell the majority of my positions and stay in cash while we wait for a correction?
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07-17-2017, 02:50 PM
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#1517
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Dryer sheet aficionado
Join Date: Jun 2016
Location: Tbd
Posts: 41
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Grateful to have achieved the two comma club invested and $1,300,000 NetWorth ahead of plan! January 2019 original FIRE date feels real for the first time, then I'll "54 and change"...everything. AA: 95/5/0
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07-17-2017, 02:56 PM
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#1518
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Thinks s/he gets paid by the post
Join Date: Jul 2013
Posts: 1,884
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Quote:
Originally Posted by 54andchange
Grateful to have achieved the two comma club invested and $1,300,000 NetWorth ahead of plan! January 2019 original FIRE date feels real for the first time, then I'll "54 and change"...everything. AA: 95/5/0
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Holy smokes - at only 18 months away, you might want to reduce your risk.
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07-19-2017, 07:24 PM
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#1519
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Full time employment: Posting here.
Join Date: Jul 2005
Posts: 617
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Quote:
Originally Posted by Vincenzo Corleone
...On schedule to reach $3M by September...
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Two months earlier than scheduled. Thank you Mr. Market!
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07-19-2017, 08:09 PM
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#1520
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Thinks s/he gets paid by the post
Join Date: Mar 2017
Location: New York City
Posts: 2,838
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Quote:
Originally Posted by Vincenzo Corleone
Two months earlier than scheduled. Thank you Mr. Market!
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Nice!
__________________
Withdrawal Rate currently zero, Pension 137 % of our spending, Wasted 5 years of my prime working extra for a safe withdrawal rate. I can live like a King for a year, or a Prince for the rest of my life. I will stay on topic, I will stay on topic, I will stay on topic
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