Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 12-22-2014, 12:55 PM   #21
Recycles dryer sheets
 
Join Date: Apr 2013
Location: Thousand Oaks
Posts: 220
To put it succinctly, I didn't hate my job. If I'd been chomping at the bit to get out the door, I would have done so a lot earlier. I'd been FI for a few years but decided to use a certain arbitrarily chosen event as my excuse to retire.
__________________

__________________
"Being shot out of a cannon will always be better than being squeezed out of a tube. That is why God made fast motorcycles, Bubba…" Dr. Hunter S. Thompson.
chilkoot 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 12-22-2014, 01:37 PM   #22
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Midpack's Avatar
 
Join Date: Jan 2008
Location: Chicagoland
Posts: 11,974
Quote:
Originally Posted by Kickernick View Post
I'm interested in hearing why people would work OMY after FIRE for reasons OTHER than "financial insurance"? Extra travel, nicer car, help out kids? What is "worth it" to you?
Lots of good reasons, extra safety factor, don't hate work/co-workers/boss, don't know what to do all day, health care, just chicken, etc. But for everyone:
  • "FI" is at best an estimate with many variables & unknowns, so
  • not a single number to begin with, and
  • there aren't any guarantees.
No one can say with certainty they're FI at any stage of retirement, you'll only know for sure when you finally go poof...
__________________

__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57

Target AA: 60% equity funds / 35% bond funds / 5% cash
Target WR: Approx 2.5% Approx 20% SI (secure income, SS only)
Midpack is online now   Reply With Quote
Old 12-22-2014, 01:56 PM   #23
Thinks s/he gets paid by the post
 
Join Date: Jan 2008
Posts: 1,495
I'm going to approach the question from an entirely different angle. I call it frugal fatigue. After years of doing without, retirement expenses completely covered now, if I work another year I can buy all kinds of toys I've done without for years. It's only an idea I'm playing with.

If I should choose this option, it will only be done by consulting or contracting, and even then intermittently, a year at most. My entire PF could vanish today and I would still quit my current employer as planned 3/15.
__________________
Options is offline   Reply With Quote
Old 12-22-2014, 03:19 PM   #24
Thinks s/he gets paid by the post
timo2's Avatar
 
Join Date: Jul 2011
Location: Rio Rancho
Posts: 1,438
Quote:
Originally Posted by Options View Post
I'm going to approach the question from an entirely different angle. I call it frugal fatigue. After years of doing without, retirement expenses completely covered now, if I work another year I can buy all kinds of toys I've done without for years. It's only an idea I'm playing with.
That's the place where DW and I are.
__________________
"We live the lives we lead because of the thoughts we think" Michael O’Neill
timo2 is offline   Reply With Quote
Old 12-22-2014, 05:18 PM   #25
Moderator
Ronstar's Avatar
 
Join Date: Aug 2007
Location: A little ways southwest of Chicago
Posts: 9,352
Quote:
Originally Posted by Options View Post
I'm going to approach the question from an entirely different angle. I call it frugal fatigue. After years of doing without, retirement expenses completely covered now, if I work another year I can buy all kinds of toys I've done without for years. It's only an idea I'm playing with.

If I should choose this option, it will only be done by consulting or contracting, and even then intermittently, a year at most. My entire PF could vanish today and I would still quit my current employer as planned 3/15.
Thats kind of what I did. I had a spreadsheet that said that I could have retired in 2007. But DW wasn't ready. So I started reducing work hours. I still maxed out my 401k, but spent the rest of my leftover $ on toys, hobbies, and travel. It worked out great. 6 years later I was only working 1 day a week and had more than enough toys to keep me busy for full retirement. But more importantly, DW was ready to pull the plug, so I retired.
__________________
Ronstar is online now   Reply With Quote
Old 12-23-2014, 06:36 AM   #26
Thinks s/he gets paid by the post
JoeWras's Avatar
 
Join Date: Sep 2012
Posts: 2,524
Quote:
Originally Posted by Options View Post
I'm going to approach the question from an entirely different angle. I call it frugal fatigue. After years of doing without, retirement expenses completely covered now, if I work another year I can buy all kinds of toys I've done without for years. It's only an idea I'm playing with.
Good point. I have some of that going on.
__________________
JoeWras is offline   Reply With Quote
Old 12-23-2014, 04:45 PM   #27
Thinks s/he gets paid by the post
robnplunder's Avatar
 
Join Date: Nov 2013
Location: Bay Area
Posts: 2,124
Quote:
Originally Posted by Options View Post
I'm going to approach the question from an entirely different angle. I call it frugal fatigue. After years of doing without, retirement expenses completely covered now, if I work another year I can buy all kinds of toys I've done without for years. It's only an idea I'm playing with.

If I should choose this option, it will only be done by consulting or contracting, and even then intermittently, a year at most. My entire PF could vanish today and I would still quit my current employer as planned 3/15.
It's an idea I am executing now. I believe I am FI, and splurging a bit while doing OMY. Besides "travel" I answered earlier, being able to splurge would be another reason.
__________________

__________________
Pura Vida
robnplunder 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


Similar Threads
Thread Thread Starter Forum Replies Last Post
Finally pulled the plug after suffering from OMY! DTCS Hi, I am... 23 05-11-2014 06:49 PM
Poll: OMY - how many? REWahoo FIRE and Money 85 01-26-2014 06:47 AM
Avoiding OMY Syndrome Article hiker88 FIRE and Money 31 08-17-2013 06:54 PM
OMY is the hardest fh2000 Other topics 9 06-16-2013 10:47 AM
Variant of OMY syndrome?? Update. mystang52 Life after FIRE 21 02-24-2013 11:41 AM

 

 
All times are GMT -6. The time now is 07:18 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.