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To Successful ER's...what were the 6 issues you focused on in the 6 mos prior to ER?
10-07-2007, 04:05 PM
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#1
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Confused about dryer sheets
Join Date: Sep 2007
Posts: 8
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To Successful ER's...what were the 6 issues you focused on in the 6 mos prior to ER?
See my post in the "Hi, I'm ..." forum. I feel I am so close to putting an end to my "career" but I just don't know if I can pull the trigger. At 55, I feel I have pretty close to the right amt of $$$ t(about 1.1MM) to live comfortably for 35-40 years. I feel my professional discipline (HR) is portable enough to get the occasional contract/consulting work. Kids are grown, debt is low. I'm concerned about health (no current problems) and healthcare cost and coverage and quite honestly just taking the step.
So, to those who felt that they have made a successful transition, please tell me the 5-6 things you focused on in the last 6 months prior to ER
Thanks and Regards,
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10-07-2007, 04:35 PM
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#2
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Thinks s/he gets paid by the post
Join Date: Jul 2005
Location: Los Angeles area
Posts: 1,708
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I had reached my target $$$ in 2004, but work was still pleasant. In 2006, work conditions
went from excellent to intolerable, so I retired at 48 (with a lot of $$$ padding). My final focuses -
1) Health insurance cost, availability
2) Was I sufficiently miserable at work to leave an easy $135K job (programming)
3) Since most of my $$$ was in IRAs, prepping for 72t withdrawals
4) Start looking at possible retirement locations
5) Start planning vacations
__________________
learn, work, save, invest, fire
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10-07-2007, 05:28 PM
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#3
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,067
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Can't think of 6 things. Already had health insurance in place so not much to do other than trying to keep the smile off my face in front of my work buddies.
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
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10-07-2007, 08:03 PM
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#4
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Thinks s/he gets paid by the post
Join Date: Jul 2007
Posts: 2,487
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I'm still 18-20 months out, but focusing on:
1) maximizing my last two remaining bonuses
2) preparing my replacement
3) figuring out exactly what I want to do
4) health insurance (healthy now at 46, but what will 56, 66 bring )
5) planning what I want to do and making sure I have funds/materials available while I still have employment income
6) trying to figure out where I want to live in 10-20 years when I am ready to downsize (not ready yet, won't be when I FIRE)
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10-07-2007, 10:09 PM
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#5
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Thinks s/he gets paid by the post
Join Date: Oct 2007
Location: Willamette Valley, Oregon
Posts: 1,979
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I retired a few years ago in my early 50's.
Issues of importance in last 6 months:
Health insurance options and being sure of availability rules of the coverage I wanted.
Double checking deferred compensation projections. That was needed to tide me over until start of pension.
Double checking my pension rules and new developments.
Deciding how to word my retirement letter to the office so it was very positive and uplifting--but still said I didn't need my job anymore, so they could take it and &^$^&*.
__________________
Dreams Worth Dreaming are Dreams Worth Planning For. I Spent a Career Planning for Early Retirement.
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10-07-2007, 11:17 PM
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#6
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Thinks s/he gets paid by the post
Join Date: Jun 2006
Posts: 1,703
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Sgeeeee had a comprehensive list, but I can't find it. Here's the closest I could get:
http://www.early-retirement.org/foru...2-a-21034.html
__________________
Emancipated from wage-slavery since 2002
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10-08-2007, 07:50 AM
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#7
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,468
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Quote:
Originally Posted by Rambler
I'm still 18-20 months out, but focusing on:
1) maximizing my last two remaining bonuses
2) preparing my replacement
3) figuring out exactly what I want to do
4) health insurance (healthy now at 46, but what will 56, 66 bring )
5) planning what I want to do and making sure I have funds/materials available while I still have employment income
6) trying to figure out where I want to live in 10-20 years when I am ready to downsize (not ready yet, won't be when I FIRE)
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I am probably 25 months out, since I that is when I will qualify for lifetime healthcare. At 6 months out, I plan to focus on:
1) double checking my planned asset allocation
2) determining the exact date when I plan to retire, and going to personnel to check and make sure we are on the same page; giving notice
3) preparing my home for sale and calling my realtor, Emile, for comps
4) selling all of my furniture since it isn't worth moving out of state
5) getting a credit card since I don't have or want one, but might need one to rent a small truck for the move
6) opening a bank account in a bank that has a branch in my planned ER location (if I haven't already done that)
At that point I will already have cleaned out my files at work, and will have written instructions for my successor (who can't be hired until after I am gone and my position opens up). I will have taken all my personal books/files home except for a handful left for the last day.
__________________
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!
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10-08-2007, 04:10 PM
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#8
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Recycles dryer sheets
Join Date: Jul 2007
Posts: 63
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I have about 5 months to go and have been:
1. Determining exactly when I need to turn in my final paperwork with our new "Human Capital Management" system now in place.
2. Figuring out which home improvement projects to tackle first once I retire.
3. Getting all of my estate planning up to date.
4. Thinking about where I want to live (althought that will be 4 years out due to a child still in school).
5. Figuring out how to fend off being persona non grata at work now that I've given notice of my pending retirement.
6. Thinking about how I'm going to celebrate!
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10-08-2007, 06:14 PM
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#9
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2007
Posts: 14,328
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1) Stealing pencils
2) Trying to think of 5 other things to worry about.
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10-08-2007, 09:29 PM
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#10
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Full time employment: Posting here.
Join Date: Nov 2005
Posts: 655
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1. Will my income pay my bills for 30 years?
2. Will I be able to sell my house?
3. Will I be happy relocating to a new state?
4. Will I be happier not working?
5. Will I have sufficient activities to occupy my time?
6. What will I do if my financial forecast is wrong?
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10-08-2007, 09:32 PM
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#11
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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: 50,000
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1. Will my FIRE date ever get here?
2. Will my FIRE date ever get here?
3. Will my FIRE date ever get here?
4. Will my FIRE date ever get here?
5. Will my FIRE date ever get here?
6. Will my FIRE date ever get here?
__________________
Numbers is hard
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10-09-2007, 06:52 AM
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#12
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Thinks s/he gets paid by the post
Join Date: Nov 2006
Location: Bossier City
Posts: 2,183
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Quote:
Originally Posted by REWahoo
1. Will my FIRE date ever get here?
2. Will my FIRE date ever get here?
3. Will my FIRE date ever get here?
4. Will my FIRE date ever get here?
5. Will my FIRE date ever get here?
6. Will my FIRE date ever get here?
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Ditto what he said.
__________________
“Change is the law of life. And those who look only to the past or present are certain to miss the future.”
-John F. Kennedy
“Hard work never killed anybody, but why take a chance?” - Edgar Bergen
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10-09-2007, 08:35 AM
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#13
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2006
Location: Pacific latitude 20/49
Posts: 7,677
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1. Run FireCalc showing 4% SWR or less
2. Prepare 35 year forecast for income and expenses.
3. Prepare to downsize to a nicer place with low maintenance
4. Decide whether part-time consulting is worth it
5. Arrange suitable health and life insurance
6. Decide to portray my new status as part-time private portfolio manager
__________________
For the fun of it...Keith
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10-09-2007, 10:46 AM
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#14
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2005
Location: Chicago
Posts: 13,149
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1. Is the slot limit recently established on my favorite northern Minnesota walleye lake tolerable or should I make reservations someplace else? Or both?
2. Sit-on-top or sit-in kayaks?
3. RV?
4. Continue to handle landscaping related chores myself or hire a service?
5. Stick with current automobile fleet or add something brand new to start RE with? (Intertwines with #3 above.)
6. One serious issue........ Go with my Megacorp retiree hospitalization plan for both DW and myself or switch her to a state sponsored retired teacher plan? (Answer: switched her. My Megacorp retiree plan as a single plus her retired teacher plan together are significantly less than Megacorp's retiree plan for a couple. Downside is having to learn two plans, track them, etc.)
__________________
"I wasn't born blue blood. I was born blue-collar." John Wort Hannam
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10-09-2007, 11:22 AM
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#15
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Thinks s/he gets paid by the post
Join Date: Dec 2005
Location: Lake Livingston, Tx
Posts: 4,203
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Off subject.
REWahoo,
Like the new avitar, but ER seems to have aged you a bit!
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10-09-2007, 12:10 PM
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#16
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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: 50,000
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Quote:
Originally Posted by Rustic23
Like the new avitar, but ER seems to have aged you a bit!
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Naaahhh. I just stopped using Grecian Formula.
__________________
Numbers is hard
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10-09-2007, 12:49 PM
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#17
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Thinks s/he gets paid by the post
Join Date: Dec 2005
Location: Lake Livingston, Tx
Posts: 4,203
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I understand Osama has a new formula
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10-09-2007, 01:36 PM
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#18
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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: 50,000
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Quote:
Originally Posted by Rustic23
I understand Osama has a new formula
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Shinola or Kiwi?
__________________
Numbers is hard
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10-09-2007, 05:31 PM
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#19
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Gone but not forgotten
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 11,447
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1-Is three weeks notice enough ?
2-Is my suitcase empty and my passport current
3-Make sure I have bank transfer set up at Vanguard
4-Burn my scrubs & throw away nurses's clogs
5-call friends and tell them I can now do lunch
6-Make sure I have enough sun screen,beach chair and good book
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10-09-2007, 06:21 PM
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#20
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Recycles dryer sheets
Join Date: May 2005
Location: Dunnville
Posts: 190
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A big so what ?
1) What can I sell the boat for and how fast?
2) what can I sell the house for and how fast?
3) Verify my retirement eligibility again.
4) Can I get rid of my stuff and junk when I sell the house/boat?
5) How can I get the rest of my stuff to my next home.
6) How will I manage to keep my mouth shut and not get into trouble to delay screw up my retirement.
What a lame article either you want to do it or you don't. This is just filler stuff somebody needed to fatten some magazine. Sure some folks have a problem with retirement, some folks have a problem with winning the lottery, so what?
Maybe it is propaganda to keep the weak kneed working their butts off and contributing to the system, fine let 'em do it. Like one honest soul said about me retiring "more of a chance for me to get promoted" bless his little a** kissing heart. So what ? Your going to feel better dying at your job from overwork and stress, why?
Kitty
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