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Old 01-11-2012, 06:43 AM   #21
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Like so many others, health care costs. It gave me the most hesitation before retiring, and it's still the greatest unknown in our plan. The rest was 'simple, but not easy.'

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Old 01-11-2012, 09:05 AM   #22
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Originally Posted by Nords View Post
My biggest hurdle was "Whaddya gonna DO all day?!?"......................
Whaddya gonna do all day was (and to some extent still is) my worry. Health care costs also, but I just decided that the extra cost of health insurance over what I was paying for my employer provided health insurance (~$600/mo extra cost) was just part of the price of freedom.

Our kids went to public schools and we paid for DD's college education. DS doesn't seem to be college bound thus far but we have told him that if he decides to go that we will pay for 4 years just like we did for DD and that cost was part of our financial planning.

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Old 01-11-2012, 09:25 AM   #23
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By far the biggest hurdle was breaking the mindset that more is better. sure, it hurt the ego some driving that 10 yr old honda to the office in Silicon Valley and parking between all the Porsche's and Mercedes but once we fully believed that LBYM was the key to freedom all the other "hurdles" weren't tough (paying off the mortgage, fully funded college funds, etc, etc)
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Old 01-11-2012, 01:55 PM   #24
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We've jumped the education hurdle by deciding to homeschool. I suppose its quite expensive in the sense that we won't have two incomes during the 5 years between when my son would start Kindergarten and our ER date but it has the advantage of being low-cost and flexible post-ER. College will be covered by my husband's GI Bill which can now be transfered to children, and by the small 529 we started at birth. I figure that's a decent start and if he gets into Harvard we can talk about coming up with other funds.

I suppose our biggest hurdle is simply the usual lifestyle vs. time tradeoff. Is it worth working more to take nicer trips and so on? It's easy to answer now, but will we feel the same way at age 65 when its too late to re-enter the workforce and make adjustments? Keeping all of your options open is expensive, but it would be nice to have some doors open down the road.
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Old 01-11-2012, 07:59 PM   #25
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