 |
12-07-2009, 06:27 PM
|
#1
|
|
Thinks s/he gets paid by the post
Join Date: Jul 2006
Location: Denver
Posts: 3,519
|
ER on hold
I started working today. The job is in a slightly different field and I have more control over the hours I put in. I'm hoping to enjoy it, have some time to myself and, of course, bring in some money. The first day was good!
Thanks to the market's recovery, our portfolio is now just about 10% below where it was on May 1, 2008. It is 13% below where I projected it to be at the end of 2009.
Our actual spend for 2009 will probably be about 22% below the amount we budgeted for when we ER'd. We can increase our spend by another 10-12% from current levels if we take 4% of the current portfolio.
While things do not looks as dire as they did on our first anniversary of ER, we decided to go back to work & add to our savings, rather than limp along spending less than we anticipated.
Here is the one year anniversary post for some reference.
http://www.early-retirement.org/foru...-er-44084.html
|
|
|
 |
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!
|
|
12-07-2009, 06:37 PM
|
#2
|
|
Moderator Emeritus
Join Date: Sep 2007
Posts: 17,774
|
You gotta do what you gotta do. Sounds like it's bearable and may even be enjoyable! Congrats on finding something different than your previous job and you probably are sleeping a lot better knowing you have a paycheck to make up the slack.
__________________
“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
|
|
|
|
|
12-07-2009, 06:47 PM
|
#3
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
|
How long do you think you will you have to work until your portfolio recovers?
You have a great attitude. I would be pretty forlorn and despairing if that happened to me. Glad the job seems better than your previous one.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
|
|
|
|
12-07-2009, 06:50 PM
|
#4
|
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
|
WinW, I'm guessing several folks who frequent this board have gone the same direction as you, choosing to return to work either part or full time rather than worry about depleting their retirement funds. As Feever says, YGDWYGD.
__________________
Numbers is hard
|
|
|
|
|
12-07-2009, 07:13 PM
|
#5
|
|
Moderator Emeritus
Join Date: Feb 2006
Location: San Francisco
Posts: 8,827
|
 Quote:
Originally Posted by walkinwood
I started working today. The job is in a slightly different field and I have more control over the hours I put in. I'm hoping to enjoy it, have some time to myself and, of course, bring in some money. The first day was good!
Thanks to the market's recovery, our portfolio is now just about 10% below where it was on May 1, 2008. It is 13% below where I projected it to be at the end of 2009. l |
No shame in that. If you can't dodge and weave a bit when extreme conditions prevail, you will be the worse for it. The Recession of 2008-9 certainly put off retirement for a lot of people. I admire your tenacity. You will be a lot happier for having built up a little more cushion.
__________________
Rich
San Francisco Area
ESR'd March 2010. FIRE'd January 2011.
As if you didn't know..If the above message contains medical content, it's NOT intended as advice, and may not be accurate, applicable or sufficient. Don't rely on it for any purpose. Consult your own doctor for all medical advice.
|
|
|
|
|
12-07-2009, 07:24 PM
|
#6
|
|
Gone but not forgotten
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 11,447
|
I think this is a smart move considering how many years you have to fund retirement . Enjoy your new job you will be retired again !
|
|
|
|
|
12-07-2009, 08:51 PM
|
#7
|
|
Thinks s/he gets paid by the post
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,698
|
I also returned to work PT in May after getting killed in the down turn. Working a few days a week selling boats has taken the pressure off the portfolio for this year at least. I was trying to stay under the 95% rule but with spending 14K on dental work between myself and DW there was no way to do it without depriving ourselves.
I have 16 months till I can kick in SS at 62 and I'm going to try and keep working for a while longer. I'm still about 12% behind my high from Oct of 07 and would love to close that gap. Knowing I can walk out the work door at anytime makes it a lot easier to cope with.
If the market continues to rise I'll be back to doing nothing sooner.
|
|
|
|
|
12-08-2009, 05:06 AM
|
#8
|
|
Thinks s/he gets paid by the post
Join Date: Mar 2009
Location: Pittsburgh, PA suburbs
Posts: 1,796
|
I kicked around the idea of ER due to several close friends taking their retirements. They have definite goals in mind(to move south to be near family). I have decided to hang in there at my very tolerable job until I have a clearer vision of what I want to do and let the markets recover a bit before I take the plunge.
|
|
|
|
|
12-08-2009, 08:49 AM
|
#9
|
|
Recycles dryer sheets
Join Date: Mar 2006
Posts: 194
|
You are not alone. I went back to w*rk 18 months after retiring due to the economy. I'm not making the same amount of money but the regular hours and no stress more than make up for it. I truly enjoyed my 18 months of freedom and look forward to doing it again but on a permanent basis.
__________________
There is a fine line between a hobby and mental illness.
|
|
|
|
|
12-08-2009, 12:11 PM
|
#10
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2008
Location: No fixed abode
Posts: 8,765
|
Good luck to you. I think it's a good move. Peace of mind is worth a lot. And you're certainly not the first to do this. I remember on the old Motley Fool Early Retirement board a guy named AAPL had made a ton on Apple and had retired quite young. But he got killed in the tech bubble pop. He said he was going to have to go back to work.  This made a huge impression on me regarding both diversification and financial convervativeness, and I carry a large dollop of both with me to this very day. I wandered away from the forums after that for a while, but I always wondered what happened with him. Especialy with AAPL where it is now!
__________________
"Good judgment comes from experience. Experience comes from bad judgement." - Anonymous (not Will Rogers or Sam Clemens)
DW and I - FIREd at 50 (7/06), living off assets
|
|
|
|
|
12-08-2009, 02:40 PM
|
#11
|
|
Thinks s/he gets paid by the post
Join Date: Mar 2005
Posts: 2,603
|
When you're down in the count you've got to make adjustments!
For us DW found a 1 year position working at the middle school where our son is. Not for the pay ... but for the bennies. Not paying healthcare has made a huge difference for us.
__________________
FIRE'd since 2005
|
|
|
|
|
12-08-2009, 06:57 PM
|
#12
|
|
Thinks s/he gets paid by the post
Join Date: Jul 2006
Location: Denver
Posts: 3,519
|
Thank you all for your support. And those in my shoes - all the best to you. W2R, I don't know how long I'll work. It will depend on how much I enjoy it and how the markets do. My old job was fun for the most part, but took way too much of my time and was stressful. I'm hoping to tackle the time portion with this job.
|
|
|
|
|
12-09-2009, 04:43 AM
|
#13
|
|
Moderator
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 25,346
|
That's kind of why I choose to go back to work, that and boredom. After 18 months I find I don't mind it much. We're banking 3/4+ of the extra income to spend later.
__________________
When I was a kid I wanted to be older. This is not what I expected.
|
|
|
|
|
12-09-2009, 10:00 AM
|
#14
|
|
Thinks s/he gets paid by the post
Join Date: Jan 2007
Location: Silicon Valley
Posts: 1,812
|
You have to do what is right for you, and if going back to work gives you peace of mind and the dollars you need, better you do it now than realising when you are 80 and eating cat food that you should have done it.
__________________
I be a girl, he's a boy. Think I maybe FIRED since July 08. Mid 40s, no kidlets. Actually am totally clueless as to what is going on with DH.
|
|
|
|
|
12-09-2009, 01:41 PM
|
#15
|
|
Full time employment: Posting here.
Join Date: Jan 2008
Posts: 649
|
Quote:
Originally Posted by DangerMouse
You have to do what is right for you, and if going back to work gives you peace of mind and the dollars you need, better you do it now than realising when you are 80 and eating cat food that you should have done it.
|
I've heard that Friskies chicken variety is actually quite good over noodles 
__________________
"There is no dignity quite so impressive, and no independence quite so important, as living within your means." Calvin Coolidge
|
|
|
|
|
12-09-2009, 05:45 PM
|
#16
|
|
Thinks s/he gets paid by the post
Join Date: Jan 2007
Location: Silicon Valley
Posts: 1,812
|
Add a bit of chilli sauce, ginger and chopped garlic and it is probably tres delicious. One just has to use their imagination I suppose.
__________________
I be a girl, he's a boy. Think I maybe FIRED since July 08. Mid 40s, no kidlets. Actually am totally clueless as to what is going on with DH.
|
|
|
|
|
12-10-2009, 12:42 AM
|
#17
|
|
Full time employment: Posting here.
Join Date: Jul 2005
Posts: 588
|
Walkinwood,
Sounds like this is an all or nothing thing, work full time or retire full time? Or am I mistaken? Ever think of more of a long term semi-ER gig or is that not appealing? Also sounds like most of the respondents are also of that mindset. Oh, well
|
|
|
|
|
12-10-2009, 09:43 AM
|
#18
|
|
Thinks s/he gets paid by the post
Join Date: Jul 2006
Location: Denver
Posts: 3,519
|
Quote:
Originally Posted by TargaDave
Walkinwood,
Sounds like this is an all or nothing thing, work full time or retire full time? Or am I mistaken? Ever think of more of a long term semi-ER gig or is that not appealing? Also sounds like most of the respondents are also of that mindset. Oh, well
|
Targa,
This is not a full-time gig. I have some control on the hours, but need to figure out what is more effective. I'll only know that after I've spent some time working on it.
We like to travel, so if I can work it out so that I can take 2-3 months off a year in 3-4 week chunks, I'll be satisfied. To me, that would be semi-ER.
|
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|
Linear Mode
