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Old 09-19-2018, 04:17 PM   #21
Dryer sheet wannabe
Join Date: Sep 2017
Posts: 16
Originally Posted by JakeinChina View Post
Fassmac - Why don't you get into real estate and diversify your income stream for when you retire at 52yrs old? You live in North Carolina, where you can purchase inexpensive homes, pay low prop taxes, and rent out the homes for a decent return.

Your young at 52 and still have over 10 years until 401K and Medicare kicks in. Depending solely on the stock market IMO is risky and will require you to have at least 1 to 2 years of cash to cover your cost of living in case the market drops big time.

Look at properties in NC in your area, what price you can buy at (any foreclosures?) and do the math on figuring out rental income vs costs and find the return on investment. IMO if its above 6%, I think its a good deal. Many tax advantages to renting out property, and your real estate will appreciate slightly in NC (not big time like up north). Check it out
Thanks Jake in China for the advice. I do agree with your thoughts on diversifying into real estate as a good option, however I don't think it is the right thing for me. I would be over worrying with having to deal with renters and their issues and complaints. Right now, this feels too much like work to me. Maybe investing some into a REIT is as far as I feel comfortable.

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Old 01-17-2019, 01:18 PM   #22
Full time employment: Posting here.
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Join Date: Dec 2015
Location: Vancouver
Posts: 551
Class of 2022 is such a quiet thread!

While definitely not far away, I'm finding being 3 years out is kind of painful. I've wrapped up my 2018 numbers in my spreadsheet and think about being in this same rut in Jan 2020, albeit just being 2 years out.

I don't think I'll get excited until Jan 2021. At that point, I'll be about a year and a quarter out. My megacorp typically gives a year and half of severance so I'll probably start some wheels in motion at that point that could drive some excitement during the stretch run. I'd probably start dropping hints to my manager that I'd be open to a separation package.

Target April 2022
"Life moves pretty fast. If you don't stop and look around for a while, you could miss it."
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Old 01-17-2019, 08:01 PM   #23
Recycles dryer sheets
Join Date: Nov 2015
Location: Colorado Springs
Posts: 59
Still shooting for 2022! Investing about 30% of gross, maxing Roth 401k, IRA, and SEP.
Oldest will have graduated college, youngest??, house will be very close to paid off.
Wanting fat FIRE to upgrade to diesel pusher RV and see America again with less stress. Wife may or may not keep working from the road. Also want to travel abroad couple times per year.
I am one of the weird ones that loves my job, but loves the weekend more!
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Old 02-04-2019, 12:29 PM   #24
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Join Date: Jun 2014
Posts: 78
Hi all,

I'm going to jump in here as well as a "Hopeful" for late part of that year. More of a "FI" date.

It's more of a "transition" at that point to hopefully just my real estate business and no longer full-time and side hustling.

I have some rental properties which hopefully at that point will be covering the majority if not all of my wife's and my expenses. I'll then work a hobby job or my own business to bridge any gaps, and add to reserves at that point.

I was forecasting some loan payoffs which will change things, and was surprised to see by 2022 that it could be possible.

I still plan to be doing something for another 5-10 years after to make some side income, but hopefully not because I'll need it.
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Old 02-05-2019, 04:50 AM   #25
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Join Date: Dec 2012
Location: Georgia
Posts: 2,132
"Work like you don't need the money..."
Class of 2022
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Old 02-05-2019, 02:14 PM   #26
Full time employment: Posting here.
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Join Date: Dec 2015
Location: Vancouver
Posts: 551
I'm currently trying to develop a side hustle in these years leading up to my "retirement" in 2022. It's mainly to keep me busy as the missus is looking to continue working for a few more years to leave less money on the table from her DB pension. But, it's flexible enough to allow me/us to travel on a whim.
Target April 2022
"Life moves pretty fast. If you don't stop and look around for a while, you could miss it."
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Officially in for 2022
Old 02-12-2019, 10:24 AM   #27
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Join Date: Oct 2011
Posts: 85
Officially in for 2022

After starting with an initial (unannounced) FIRE plan for 2016, we will make 2022 official - for now. We could probably make a run at FIRE now, but a couple more years of investments will allow for a little more padding to the travel budget. 2022 will get the kids out of high school, and until then we are tied close to home with their academic, athletic and other activities.

Planning on a 4/30/2022 FIRE date for myself to allow for collection of the 2021 bonus and DW would RE a few months earlier. However, my Megacorp is streamlining and an unexpected RIF wouldn't be out of the question. I qualify for nearly a year of severance, so I could make that work as well.

So a little under 39 months for me now!


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