Hi:
I am 43 years old and I hope to retire somewhere between 1 to 3 years. The exact date will depend in part on whether my job is relocated to another part of the country. It will also depend on how soon I reach a net worth that FIRECalc suggests will lead to a successful retirement plan with 95 percent confidence.
So I work in a corporate job, I have a professional license. I have factored in the cost to maintain my professional license in my retirement budget. I have not ruled out working part time or for a portion of the year sometime in the future. I am single and live in a suburban setting in a ranch style home. I am paying a mortgage and property taxes, etc. but I have included all of the expenses of what I believe is my cost of living in the required annual spending amount that I inputted into FIRECalc.
I plan on residing at my current location after FIRE. I tweak FIRECalc with all sorts of slight changes to see how if affects my likelihood of success. When making my budget, I factored in a likely health insurance premium in addition to auto, home, umbrella insurance etc.
I want to take the final steps before I leave full time employment slowly and deliberately, so I am not rushed. Taking preparation action will also help me to deal with a difficult work situation that continues to get worse. If I am slowly preparing for my departure, I think I can endure an unpleasant situation.
I tried to find threads that have addressed this issue and this timeline, but I was not successful. Would you be able to lead me to some threads or suggest the matters that I should take care of in my work and personal life as I prepare for this exciting new phase of my life.
Thank you for your help.
I am 43 years old and I hope to retire somewhere between 1 to 3 years. The exact date will depend in part on whether my job is relocated to another part of the country. It will also depend on how soon I reach a net worth that FIRECalc suggests will lead to a successful retirement plan with 95 percent confidence.
So I work in a corporate job, I have a professional license. I have factored in the cost to maintain my professional license in my retirement budget. I have not ruled out working part time or for a portion of the year sometime in the future. I am single and live in a suburban setting in a ranch style home. I am paying a mortgage and property taxes, etc. but I have included all of the expenses of what I believe is my cost of living in the required annual spending amount that I inputted into FIRECalc.
I plan on residing at my current location after FIRE. I tweak FIRECalc with all sorts of slight changes to see how if affects my likelihood of success. When making my budget, I factored in a likely health insurance premium in addition to auto, home, umbrella insurance etc.
I want to take the final steps before I leave full time employment slowly and deliberately, so I am not rushed. Taking preparation action will also help me to deal with a difficult work situation that continues to get worse. If I am slowly preparing for my departure, I think I can endure an unpleasant situation.
I tried to find threads that have addressed this issue and this timeline, but I was not successful. Would you be able to lead me to some threads or suggest the matters that I should take care of in my work and personal life as I prepare for this exciting new phase of my life.
Thank you for your help.