Join Early Retirement Today
View Poll Results: What year did you ER?
1991 1 0.84%
1992 1 0.84%
1993 2 1.68%
1994 0 0%
1995 0 0%
1996 1 0.84%
1997 0 0%
1998 1 0.84%
1999 3 2.52%
2000 3 2.52%
2001 3 2.52%
2002 7 5.88%
2003 4 3.36%
2004 2 1.68%
2005 12 10.08%
2006 11 9.24%
2007 23 19.33%
2008 15 12.61%
2009 17 14.29%
2010 13 10.92%
Voters: 119. You may not vote on this poll

Reply
 
Thread Tools Search this Thread Display Modes
Old 04-17-2010, 04:25 PM   #41
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,616
Quote:
Originally Posted by Koolau View Post
Maybe we should poll when was the last time we dreamed about our old j*b!
Can't do that in units of years. I can barely do it in days...
__________________

__________________
*
*

The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
Nords 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 04-17-2010, 04:44 PM   #42
Thinks s/he gets paid by the post
Koolau's Avatar
 
Join Date: Jul 2008
Location: Leeward Oahu
Posts: 3,240
Quote:
Originally Posted by Nords View Post
Can't do that in units of years. I can barely do it in days...
Yeah, I should have realized that most in the military are gonna have plenty to dream about. Funny, though, I never dreamed about the half dozen close calls I had at w*rk (one near-explosion sent the entire plant running for their lives - I got passed by a much younger secretary with her skirt up around her waste so she could run. I didn't even think anything about it until later in the day when I quit shaking.)

No, I always dreamed about the 98% drudgery and not the 2% stark terror. Go figure.
__________________

__________________
Ko'olau's Law -

Anything which can be used can be misused. Anything which can be misused will be.
Koolau is offline   Reply With Quote
Old 04-17-2010, 05:02 PM   #43
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
RonBoyd's Avatar
 
Join Date: Dec 2007
Location: Denver, Colorado
Posts: 5,280
Quote:
Originally Posted by Koolau View Post
secretary with her skirt up around her waste
That does sound like it was a scary incident. I hate when that happens.
__________________
"It's tough to make predictions, especially when it involves the future." ~Attributed to many
"In theory, there is no difference between theory and practice. But, in practice, there is." ~(perhaps by) Yogi Berra
"Those who have knowledge, don't predict. Those who predict, don't have knowledge."~ Lau tzu
RonBoyd is offline   Reply With Quote
Old 04-17-2010, 07:19 PM   #44
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,846
Looking at the poll - - - it looks like the peak retirement year was 2007. 2007? My gosh, what's wrong with you guys? Didn't you know the market was about to crash?
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities.

- - H. Melville, 1851
W2R is offline   Reply With Quote
Old 04-17-2010, 08:38 PM   #45
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,078
Quote:
Originally Posted by Moemg View Post
I think most of us who retired in 2007 and could have foreseen the future would have stayed working for awhile . It was really scary to see your portfolio melt before your eyes !
I think that statement holds true for any of us who retired in the 2-3 years leading up to 2007. I retired in 2005 and spent most of 2008 wondering if I was the red line in Dory's FIRECalc example chart ...
__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Old 04-17-2010, 08:44 PM   #46
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Moemg's Avatar
 
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 10,031
It was so scary . I really considered going back to work or downsizing ! No one who did not retire at that time can appreciate the panic a lot of us felt . A lot of our posters did return to work after their portfolio melted and some may never retire .
__________________
Moemg is offline   Reply With Quote
Old 04-17-2010, 09:59 PM   #47
gone traveling
 
Join Date: Apr 2009
Location: Eastern PA
Posts: 3,851
Quote:
Originally Posted by W2R View Post
Looking at the poll - - - it looks like the peak retirement year was 2007. 2007? My gosh, what's wrong with you guys? Didn't you know the market was about to crash?
"Those who fail to plan, plan to fail".

That's why I have a 3-5 cash bucket for income in retirement. Put some in (like in 2007 and 2009) when things are up and just draw on it when things are down (like 2008).

Sort of like a farmer. In good years, the excess goes to the silo; in bad years, the silo gets tapped to feed the animals. It's actually quite simple.

Didn't sell one share during the downturn. And hey, I have no pension nor SS income
__________________
rescueme is offline   Reply With Quote
Old 04-17-2010, 10:13 PM   #48
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,078
Quote:
Originally Posted by rescueme View Post
"Those who fail to plan, plan to fail".

That's why I have a 3-5 cash bucket for income in retirement. Put some in (like in 2007 and 2009) when things are up and just draw on it when things are down (like 2008).

Sort of like a farmer. In good years, the excess goes to the silo; in bad years, the silo gets tapped to feed the animals. It's actually quite simple.

Didn't sell one share during the downturn. And hey, I have no pension nor SS income
I'm unable to compose a response that will pass the scrutiny of the moderation team.
__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Old 04-17-2010, 10:18 PM   #49
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,616
Quote:
Originally Posted by rescueme View Post
It's actually quite simple.
"So simple even a wahoo could do it!"

I don't think any of the posters were referring to your Vulcan-logical approach to financial management. It's appropriate to give the emotional side a little credit.
__________________
*
*

The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
Nords is offline   Reply With Quote
Old 04-17-2010, 10:21 PM   #50
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
easysurfer's Avatar
 
Join Date: Jun 2008
Posts: 7,885
Quote:
Originally Posted by Alan View Post
I can fix that. - done.
Thanks for the fix. My last day was Jan 31, 2008. It was a very short w*rk year. I had a few carry over vacation days from the previous year so was off at home in early Jan. Then I came down with a mean fever as was w*rking from home until about Jan 10th. Then the megacorp decided to outsource several (myself included) from the department and gave us a choice to take the outsource by Jan 31st. I declinded and did a Johnny Paycheck move I remember a few days after I started my retirement, there was a big snowfall and I said to myself, this is pretty cool...I avoid all the traveling in the snow.
__________________
easysurfer is offline   Reply With Quote
Old 04-17-2010, 10:24 PM   #51
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
haha's Avatar
 
Join Date: Apr 2003
Location: Hooverville
Posts: 22,382
I retired in 1984. Looking back, the key thing is to have the wind at your back. I would be broke 10 times over if I had done the same thing, but in 2000 or 2007.

Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
haha is offline   Reply With Quote
Old 04-18-2010, 08:39 AM   #52
Thinks s/he gets paid by the post
 
Join Date: Jul 2005
Location: Minnehaha
Posts: 2,375
July 1 2001 - Before and for a while after felt like I was creeping out on to a swinging tightrope over Niagra Falls...it was exhilarating when I first knew that it was going to work, that I didn't need big momma corporation to take care of me.... should have cut the cord earlier.
__________________
Danny is offline   Reply With Quote
Old 04-18-2010, 09:57 AM   #53
gone traveling
 
Join Date: Apr 2009
Location: Eastern PA
Posts: 3,851
Quote:
Originally Posted by REWahoo View Post
I'm unable to compose a response that will pass the scrutiny of the moderation team.
Then send me a PM and explain yourself.

Seriously, a lot of folks talk about the market vs. the year you retire. My contention is that just because you retire and the market happens to go down, it does not mean a failure of your entire plan for the next 30 years....
__________________
rescueme is offline   Reply With Quote
Old 04-18-2010, 10:25 AM   #54
Full time employment: Posting here.
 
Join Date: May 2007
Posts: 530
Quote:
Originally Posted by W2R View Post
Looking at the poll - - - it looks like the peak retirement year was 2007. 2007? My gosh, what's wrong with you guys? Didn't you know the market was about to crash?
I'm one of the 2007 votes. I RE at the end of Sept. 2007. For about a month or so things were looking rosy, then after that, not so much. It was quite a ride!

Funny thing is that prior to ER I used to worry and fret about the impact of a big unexpected expense like a house repair. I like to think that now I will put it into a better perspective if I get hit with a big repair bill or other large unexpected expense. Hopefully it will pale in comparison to what happened to my portfolio in 2008 and early 2009.
__________________
ksr is offline   Reply With Quote
Old 04-18-2010, 11:41 AM   #55
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,846
Quote:
Originally Posted by ksr View Post
I'm one of the 2007 votes. I RE at the end of Sept. 2007. For about a month or so things were looking rosy, then after that, not so much. It was quite a ride!

Funny thing is that prior to ER I used to worry and fret about the impact of a big unexpected expense like a house repair. I like to think that now I will put it into a better perspective if I get hit with a big repair bill or other large unexpected expense. Hopefully it will pale in comparison to what happened to my portfolio in 2008 and early 2009.
I didn't retire until last November, because I wasn't eligible until then. Even so the 2008-2009 market crash scared me to death. Afterwards, the crash left me feeling like a scarred war veteran as far as investing goes (I imagine myself recounting war stories to youngsters: "Lemme tell you 'bout the market war of '08-'09, sonny boy..." ).

I can hardly imagine what new retirees were going through at the time, what their thoughts and fears were while watching the events of 2008-2009.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities.

- - H. Melville, 1851
W2R is offline   Reply With Quote
Old 04-18-2010, 11:50 AM   #56
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2006
Posts: 11,017
Of course it's a small sample. But it's interesting that the numbers for 2009 and 2010 are about the same, and we are only 1/3 of the way through 2010. I expect that some people who were planning to ER in 2008 delayed it and that there will be a rebound.

I'm not there yet, but the crash has caused me to delay my planned ER date by two years.
__________________
Meadbh is offline   Reply With Quote
Old 04-18-2010, 12:10 PM   #57
Moderator
Alan's Avatar
 
Join Date: Jul 2005
Location: Eee Bah Gum
Posts: 21,085
I could have ER'ed in 2007 (delayed taking the pension and have an SWR of 4.5% for the first 9 years - FIRECalc was good for that) but instead I chickened out and decided I needed the extra security of retiree health insurance for which I had to wait until 2010.

In my case, "Fortune favors the timid" as I would not have liked to have RE'ed immediately before the market crash.
__________________
Retired in Jan, 2010 at 55, moved to England in May 2016
Now it's adventure before dementia
Alan is offline   Reply With Quote
Old 04-18-2010, 04:10 PM   #58
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Moemg's Avatar
 
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 10,031
Quote:
Originally Posted by W2R View Post
Looking at the poll - - - it looks like the peak retirement year was 2007. 2007? My gosh, what's wrong with you guys? Didn't you know the market was about to crash?

I fail to see the humor in this post !
__________________
Moemg is offline   Reply With Quote
Old 04-18-2010, 04:43 PM   #59
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,846
Quote:
Originally Posted by Moemg View Post
Quote:
Originally Posted by W2R View Post
Looking at the poll - - - it looks like the peak retirement year was 2007. 2007? My gosh, what's wrong with you guys? Didn't you know the market was about to crash?
I fail to see the humor in this post !
Hmm. Don't know what to say in response to your complaint. You can always report posts that you find objectionable to the entire Moderation Team, using the white and red "!" icon at the lower left of each post.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities.

- - H. Melville, 1851
W2R is offline   Reply With Quote
Old 04-18-2010, 04:58 PM   #60
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Dawg52's Avatar
 
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 7,434
Another 2007 alum here. Survived the crash with the help of some good med's and now within shouting distance of being even again. So some bumping roads along the way, but no complaints at the moment.
__________________

__________________
Retired 3/31/2007@52
Full time wuss.......
Dawg52 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
Poll: Would you pay extra for a "No Junk Mail" service? kyounge1956 Other topics 53 01-31-2009 08:41 PM
Annual "Watcha Worth" Poll Rich_by_the_Bay FIRE and Money 74 03-29-2007 06:32 PM
Observations on "Actual Average ROI" poll Sam FIRE and Money 31 05-04-2006 01:26 PM
"Benchmark" Poll Question cc FIRE and Money 20 08-17-2004 02:04 PM

 

 
All times are GMT -6. The time now is 01:34 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.