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View Poll Results: Who is FIREd or considering FIRE with school age kids
FIREd with school age kid(s) 17 25.76%
Considering FIRE with school age kid 35 53.03%
Would not consider it 5 7.58%
No Kid - sorry 9 13.64%
Voters: 66. You may not vote on this poll

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Re: Retiring with kids highschool age or under
Old 05-05-2007, 02:14 PM   #21
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Re: Retiring with kids highschool age or under

Nords,

Check your PMs please. Warning: it is a long one!!!
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Re: Retiring with kids highschool age or under
Old 05-07-2007, 05:05 PM   #22
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Re: Retiring with kids highschool age or under

I've got enough money saved up, and I've been contemplating FIREing for about 3 years now, but I still can't pull the plug. I've got 7 and 10 year old boys, and one of the main reasons for wanting to FIRE was to be able to spend more time with them. However, since they are still going to be in public school for about 10 more years my wife can't figure out what I'll do with myself while they are in school.

I own my own business, and it would be kind of hard to sell, so instead of quitting I hired another good manager and cut back on my hours. I don't work any more Saturdays, and I try to get out out of the office most days by around 4-5pm so we can all spend some time together. I'm also taking much more time off in the Summer (1 month) than I used to so we can travel around as a family. I think I'll do it like this for another 5 years or so and then attempt to FIRE for good by then.

I'm 42 now, so I'm not old, but I'm also not getting any younger either.............

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ER'ed from the new car business Feb 2008. I'm 47, she's 45. Two boys ages 15 and 13. DW is SAHM. I've got a part-time used car lot I w*ork at 3 hours a day that keeps me in beer money.....
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Re: Retiring with kids highschool age or under
Old 05-07-2007, 11:04 PM   #23
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Re: Retiring with kids highschool age or under

Great topic! Very helpful comments from everyone. I am 42, boy 10 & girl 6. I had been planning to FIRE at 55 when daughter graduated high school. Seemed like a clean break, could ensure that I had college expenses paid for, and we could begin the next phase of our life. etc. This is my first post and this board has really open my mind to the possibilities.

Current projections shows FI at 50. New thinking has me attending ALL of my sons college games and enjoying time with my daughter during her high school years as the "only child".

My wife retired 2 years ago and I am afforded lots of freedom at work to participate in their lives. We feel very blessed for the balance we currently enjoy, but this forum has me reconsidering timelines.
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Re: Retiring with kids highschool age or under
Old 05-08-2007, 01:30 AM   #24
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Re: Retiring with kids highschool age or under

Quote:
Great topic! Very helpful comments from everyone. I am 42, boy 10 & girl 6. I had been planning to FIRE at 55 when daughter graduated high school. Seemed like a clean break,
This is exactly what I am planning to do also, but I am only two years away. I am now nearly 53 and will FIRE at 55 when my daughter finishes High School. We are living / working overseas and I don't want to put her through major trauma in the middle of high school if I don't have to (moving back to the USA, new school, new friends, etc.).
I have a younger child (11), who will still be in middle school when we move back home and FIRE. This is a great topic and it is enlightening to hear of all of the positive experiences that people have had retiring with school age kids.
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Re: Retiring with kids highschool age or under
Old 05-09-2007, 11:17 AM   #25
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Re: Retiring with kids highschool age or under

I am 50 with (nearly) 11 year old twins I expect my DH, who will be 60 this year, will retire in 4 years and I hope to FIRE in 5 years when they are still in high school. We hope that our home becomes the place where they and their friends congregate (keep the food coming, stay out of sight). But being around is critical for this to occur.

In the past, we had considered home schooling to best meet their needs (fast learners, often bored in class) and there are activities they would like to do but couldn't take these option becuase of w*rk. At the same time, Florida has a good virtual high school, so if we wanted to get really flexible, that is an option.

Finally, for college, we have prepaid tution plan for a state school and targeted savings for living expenses and school-related fees. There are also state merit scholarships based on grades and extra activities, which they know they are expected to earn.

So, hopefully the plans will go as planned.
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