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The downside of a cover story
Old 09-07-2013, 04:40 PM   #1
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The downside of a cover story

Nobody wants to hear that a 40 year old is retiring, plus I want to be able to crawl back into a job if the wheels come off the bus. As such, DW has pretty much made me develop a cover story, namely that I am taking a sabbatical and then working in DW's business and finding something entrepreneurial myself. I might well earn a few bucks here and there if its not too much hassle, but mostly I hope to be retired.

The downside of a cover story (aside from the fact that it irks me to have to have one) is starting to become apparent. My mother has started to suggest business opportunities, including goofy franchises. I am waiting to see who else comes up with great things for me to do (three friends and colleagues have independently suggested that I start managing money). Sigh...
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Old 09-07-2013, 04:43 PM   #2
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Nobody wants to hear that a 40 year old is retiring, plus I want to be able to crawl back into a job if the wheels come off the bus. As such, DW has pretty much made me develop a cover story, namely that I am taking a sabbatical and then working in DW's business and finding something entrepreneurial myself. I might well earn a few bucks here and there if its not too much hassle, but mostly I hope to be retired.

The downside of a cover story (aside from the fact that it irks me to have to have one) is starting to become apparent. My mother has started to suggest business opportunities, including goofy franchises. I am waiting to see who else comes up with great things for me to do (three friends and colleagues have independently suggested that I start managing money). Sigh...
Plastics, Brewer, plastics.

Ha
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Old 09-07-2013, 04:44 PM   #3
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Congratulations.



Have you considered an Amway route?
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Old 09-07-2013, 04:47 PM   #4
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Squirrel farming.
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Old 09-07-2013, 04:51 PM   #5
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Squirrel farming.
I dunno about the farming part, but if DW ever allows me I might want to participate in this some day:

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Old 09-07-2013, 04:59 PM   #6
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If my Mamma traveled well, I would have entered her in that contest. She always cooked the heads too, something most people don't do these days. The little bit of meat on each cheek is the tenderest and best tasting on the whole squirrel. But of course, like with chicken, the legs are the easiest to eat.
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Old 09-07-2013, 05:41 PM   #7
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Yep, people keep trying to find me a real job and a new career...
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Old 09-07-2013, 05:46 PM   #8
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If it irks you to have a cover story, why bother? Why not just tell the truth?
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Old 09-07-2013, 06:35 PM   #9
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Just tell them your DW added an FTE for general staff.
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Old 09-07-2013, 06:56 PM   #10
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Old 09-07-2013, 08:22 PM   #11
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Your mother is probably worried about you. We mothers are like that. So be nice to her and think up a good, air-tight cover story. Whatever it is, tell her it has a 401K and that you have group health insurance either through that or through DW's job.

(Um.... I don't have any ideas!)
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Old 09-07-2013, 09:48 PM   #12
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Your mother is probably worried about you. We mothers are like that. So be nice to her and think up a good, air-tight cover story. Whatever it is, tell her it has a 401K and that you have group health insurance either through that or through DW's job.

(Um.... I don't have any ideas!)
Actually, I don't think she is worried. Of her 4 kids, I have always been the most goal and success-oriented. I was married the youngest, the first to own a home, the only one with an MBA, and she knows I am the financial sophisticate (and advisor) of the family. I suspect that a lot of this is about not wanting to see "wasted potential."
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Old 09-07-2013, 09:50 PM   #13
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If it irks you to have a cover story, why bother? Why not just tell the truth?
A) nobody wants to hear about a 40 year old retiring

B) DW can also be spelled SWMBO (she who must be obeyed)
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Old 09-07-2013, 10:01 PM   #14
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I suspect that a lot of this is about not wanting to see "wasted potential."
Well, you blew that by joining e-r.org!

JOKING!

You'll be fine, you seem a smart guy
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Old 09-08-2013, 12:12 AM   #15
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No, seriously. People will think you're off your rocker if you play that hand, obviously.

The problem with a cover story is that you have to come back from that, or out do it, to save face, perhaps. Or you don't give a $hit about what they think (way more likely). It's turning "political" on you. The best thing, I think, is to find what you are most passionate about, and go head over heels into it. If you're an overachiever, you have to put yourself into SOMETHING. Otherwise, the wheels come off.

That's what I've found.

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Old 09-08-2013, 06:04 AM   #16
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The downside of a cover story (aside from the fact that it irks me to have to have one) is starting to become apparent. My mother has started to suggest business opportunities, including goofy franchises. I am waiting to see who else comes up with great things for me to do (three friends and colleagues have independently suggested that I start managing money). Sigh...

Make it 3 friends and an internet friend. Although would say that if you think is more work than it is worth to manage other peoples money. Then you have a very plausible cover story, I am an independent money manager with a small number of clients. Make sure that your wife gives you $20 or so or her IRA or something just so nobody you can accuse of being a liar.
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Old 09-08-2013, 07:41 AM   #17
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Just say you are going to try freelance for a while. Making up a story and remembering who you told it to seems like a lot of trouble and drama. Enjoy Colorado.
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Old 09-08-2013, 07:45 AM   #18
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Can't you just laugh behind your hand? That's what I'd do, but I'm not in your shoes. Also, my mother has long since passed away (I wish I still had her to laugh at and with).

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My mother has started to suggest business opportunities, including goofy franchises.
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Old 09-08-2013, 08:38 AM   #19
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Just wondering if this "cover story" idea isn't your DW trying to let you know she isn't really comfortable with the the idea of you retiring completely. She realizes that you need a break and can't stay in your current workplace, but she might feel a little uncertain about very long terms results.Maybe you two will need to talk this over. One thing about being completely on board with FI and ER is that it shouldn't really matter what other people think.My Momma always used to tell me, that people think about you a lot less then you think they do!
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Old 09-08-2013, 09:17 AM   #20
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Just wondering if this "cover story" idea isn't your DW trying to let you know she isn't really comfortable with the the idea of you retiring completely. She realizes that you need a break and can't stay in your current workplace, but she might feel a little uncertain about very long terms results.Maybe you two will need to talk this over. One thing about being completely on board with FI and ER is that it shouldn't really matter what other people think.My Momma always used to tell me, that people think about you a lot less then you think they do!
I could give a flying reproductive act (with 3 squirrels and a dolphin) about what other people think, generally speaking. DW, OTOH, is an extrovert and always seeks to get along. She isn't uncomfortable about this, so far as I can tell and we have been talking about it forever. Our plan has long been that between the two of us we will generate a certain amount of money every year for several years and DW's small business is already at that level. Whatever I come up with (if anything) will be gravy. When I firecalc'd our plan at current asset levels for 40 years I got a 99% success rate, which both of us are good with.

Perhaps she will be comfy with dropping the charade after a while. Or perhaps after I have some time to recharge (feel like crap after two weeks on the road) I will stumble into money management or some other venture. Or perhaps I will decide I want or need to go back to the salt mines (unlikely, but who knows, I am only 40).
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