ziggy29
Moderator Emeritus
It seems that most of the people who are introducing themselves recently (and much of the talk from people hoping to retire soon) are coming from public sector employees relying heavily on pension income.
I certainly wish them all well, but I think it feels a little demoralizing to those of us who work in the private sector right about now. Our job security is crap (unless we work in a few specific fields), our 401Ks and IRAs -- likely our only hope for FIRE -- are deep into the tank and little or no pensions are coming, combining to make retirement feel like more of an impossibility than ever in my adult life.
So what I'd like to do is open a thread for those who are FIREd (or those very well on track to be FIREd) from the private sector and with little or no pension. What did you do? How did your portfolio reach critical mass to allow it to happen? How are/were you dealing with health insurance (since we're also less likely to have it covered in retirement)? What setbacks did you have along the way, and how did you overcome them? And do you have any words of wisdom for those of us feeling like private sector retirement (at least for the pensionless) is becoming an impossibility?
I need a pep talk. I'm feeling like this quest is useless. I need to hear some success stories.
I certainly wish them all well, but I think it feels a little demoralizing to those of us who work in the private sector right about now. Our job security is crap (unless we work in a few specific fields), our 401Ks and IRAs -- likely our only hope for FIRE -- are deep into the tank and little or no pensions are coming, combining to make retirement feel like more of an impossibility than ever in my adult life.
So what I'd like to do is open a thread for those who are FIREd (or those very well on track to be FIREd) from the private sector and with little or no pension. What did you do? How did your portfolio reach critical mass to allow it to happen? How are/were you dealing with health insurance (since we're also less likely to have it covered in retirement)? What setbacks did you have along the way, and how did you overcome them? And do you have any words of wisdom for those of us feeling like private sector retirement (at least for the pensionless) is becoming an impossibility?
I need a pep talk. I'm feeling like this quest is useless. I need to hear some success stories.