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What's holding you back?
Old 10-04-2012, 02:18 PM   #1
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What's holding you back?

For me, it is purely because my two little ones are still in elementary school. I see 2023 when my youngest goes to college as my retirement date.

Besides money, I guess kids are the biggest consideration for most people. Any other things that are holding you back?
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Old 10-04-2012, 02:22 PM   #2
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Uncertainty more than anything else. We have enough to retire, but there is that little nagging uncertainty about what happens if all the investments tank. Fortunately, we don't have any debt, so we could get by on very little, but it wouldn't be pretty.
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Old 10-04-2012, 02:46 PM   #3
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Uncertainty more than anything else. We have enough to retire, but there is that little nagging uncertainty about what happens if all the investments tank. Fortunately, we don't have any debt, so we could get by on very little, but it wouldn't be pretty.
I could have written this reply.

Search this site for "one more dollar" to see posts from others who are in the same position.
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Old 10-04-2012, 03:00 PM   #4
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I enjoy my current lifestyle and am holding on until my investments are sufficient to support it. I could cut back and retire earlier with a reduced lifestyle, but it would impact me and my kids. In a happy coincidence, a few more years accomplishes a large enough nest egg and sees youngest child through college, so I'm holding back for that.

It's also helping stress level a great deal to know I could leave my employment just by adjusting lifestyle, which is a choice I am making.
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Old 10-04-2012, 03:09 PM   #5
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money, or more precisely - lack of
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Old 10-04-2012, 03:10 PM   #6
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access to health insurance
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Old 10-04-2012, 03:18 PM   #7
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Uncertainty more than anything else. We have enough to retire, but there is that little nagging uncertainty about what happens if all the investments tank. Fortunately, we don't have any debt, so we could get by on very little, but it wouldn't be pretty.
Yep, that sounds familiar.

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access to health insurance
Yep, that too.

I will get the access to HI in 3 months. Won't be cheap, but will be available. After that, it is that "uncertainty" thing. There's also a non-zero chance of MegaCorp offering a RIF/LO/SEEYA package in the next year or two, especially if we have a another economic dip. I've already made up my mind to take advantage if that happens. Actually, kind of waiting for it.
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Old 10-04-2012, 03:19 PM   #8
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health care and kids
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Old 10-04-2012, 03:55 PM   #9
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Nothing. Retired 5 1/2 years ago when I realized that I'm going to die anyway, so I might as well enjoy myself before I do.
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Old 10-04-2012, 04:12 PM   #10
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I don't understand the kids thing. Hubby is retiring in 15 months, and I'm retiring in 4 years - our kids will still be pre-college.

For us it's money... Need to finish paying off the house (2 years left on that with current aggressive payoff plan), and funding kids 529s (again, fairly aggressive funding to meet the retirement dates.
Health care also translates to money. We want to see how the dust settles after 1/1/2014.

But - like JoeWras - my megacorp could very well lay me off. We'd make due with what we have... No future job for me. I won't quit/retire for 4 years... but if they push me... I'm done.
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Old 10-04-2012, 04:14 PM   #11
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Old 10-04-2012, 04:17 PM   #12
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I'm free as a bird for almost 6 years now.
Yep - if you don't count the two years you 'relapsed' at the boat dealer...
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Old 10-04-2012, 04:22 PM   #13
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I don't understand the kids thing. Hubby is retiring in 15 months, and I'm retiring in 4 years - our kids will still be pre-college.

For us it's money... Need to finish paying off the house (2 years left on that with current aggressive payoff plan), and funding kids 529s (again, fairly aggressive funding to meet the retirement dates.
Health care also translates to money. We want to see how the dust settles after 1/1/2014.

But - like JoeWras - my megacorp could very well lay me off. We'd make due with what we have... No future job for me. I won't quit/retire for 4 years... but if they push me... I'm done.
While targeting a 2014 ER date I have reservations. My job is considerably better than when I joined the forum. (March '09). Since joining I have reached FI which is a big piece of the puzzle. I am able to do what is productive and what I want to do at work. Plus my DW reitred last year and joins me on occasional adventures.
Part of me fears I won't pull the plug but rather wait until they throw me out the door. I have told co-workers I'm waiting for an early exit package but that is unlikely. Meanwhile I'll enjoy the ride.
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Old 10-04-2012, 05:29 PM   #14
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Part of me fears I won't pull the plug but rather wait until they throw me out the door.
My fear would be waiting until they carry me out the door...
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Old 10-04-2012, 05:46 PM   #15
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Waiting for my stock option to be vested... in about 5 months.
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Old 10-05-2012, 12:59 AM   #16
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Children. Mortgage. Uncertainty.

Our children will still be in primary school when I retire next year. Building enough fat into the budget to cater for the future needs of four people instead of two as well as a mortgage that will still have 7.5 years to run made a huge difference to the numbers.

I could have gone at the end of last year but didn't have the confidence to pull the trigger.
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Old 10-05-2012, 04:22 AM   #17
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Retired now, but held back until DS graduated high school and we could downsize from two houses to one house. The sale of the house did two things - it topped off the retirement nestegg and reduced our expenses by 15-20% and made ER more physiologically comfortable.
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Old 10-05-2012, 06:13 AM   #18
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Children. HI. Uncertainty.

Current plan is to wait for my youngest to graduate from college, which is hopefully in 10 years.
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Old 10-05-2012, 07:25 AM   #19
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Prefer the work activity to some of the other things I do (internet, a bit too much beer, stupid tv.) Yes, of course, there are better things to do, but I noticed I do not do them. Being self employed, with busy and slow times, I got many opportunities to test it.
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Old 10-05-2012, 07:28 AM   #20
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For me, I think it's my own "youth" or mental. I know some have ER'd much younger than me and successful at it.

At age 43 with young kids (just starting elementary school), it's hard to imagine having enough money for basic and unknown needs for say 50 years, so sure it's the amount of $$.

I'm targeting semi-ER (landlording) for age 48 - 50 now, this will shorten the unknown. Currently, basic annual budget is covered by rental income so job just adds to savings, investments, and crazy money which I try to do once a year.
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