Class of 2015

I am in somewhat similar situation. Walking off into the sunset isn't as easy as a 2 week notice for me either. Based on advice I have decided to transition to part-time starting in July. I will be FI also, but with young children around, the part-time will help offset costs I have not expected. I will likely do this 1-2 years.

April 30, 2015 is my date as I will turn 62 April 16. I'm off work now for the next 3 weeks and returning to work will working Mondays and Tuesdays only, burning up 35 years of use or lose sick leave. I'm currently in retirement training.

I started my exit more than two weeks ago, giving my boss a six month notice. We've kept it under wraps since then, but today I start informing my staff and co-workers.

As of today, Friday, December 19th, I have exactly 7.5 months until freedom. The search process for my replacement is underway. My wife is ecstatic, as am I of course.

BB

I'm still not sure of my exact strategy once I do this, but I'm definitely planning on having a "1 on 1" with my manager on Monday February 9, and turning in my resignation letter.

I probably won't decide until the night before, or the last minute, if I'm going to ignore any counters and just leave a month later for good, or pretend I'm leaving for more money so I can squeeze them for as much as I can for a few months until I quit for good and move back to Colorado.

As much as the extra money might be nice, I don't want the heightened level of expectation and responsibility that they'd throw on top of it for the next four months or so. I'd almost rather just give them one month, forget a counter, and be a lame duck for four weeks.

My replacement was selected yesterday, as I prepare to leave 1.31.15. It's odd being part of the process to pick my successor. As they say, it's getting real up in here.


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Congrats Texcurtis. 1.31.15 is my resignation date.


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So, based on the list, we have the following 12 possibly strutting through that door of early retirement in January:

7. Utrecht - Jan 2015 - Age 50
10. SonnyJim - January 1. 2015 - age 48
13. Options - January 2015 - 59.5
16. Shabby - January 2015 - age 48
19. BrianB - January 2015 - age 56
33. johnnyfuego - Jan-March 2015, age 52
40. FatCyclist - January 2, 2015 age 57
42. 2B - Jan 2015 age 63
43. tuffshed - January 2015 age 60
47. Travel4Fun - Jan 2015, age 50
52. texcurtis - January 31, 2015, age 54
57. Spudd - January 30, 2015, age 42

Some may have changed their minds or changed their dates, but it would be nice to hear from each about their plans.

Regarding plans: last job day March 27, 2015 and not later than 3 PM. Prep: all financial review and planning; and thanks in large part to this forum, DH and I feel confident/comfortable we have achieved FI and will be OK. We bought our retirement home in August and Airstream last year, taking weekend runs to local lakes in prep for longer excursions in our future. Started two lists last year and continue to add to them: what I will miss about leaving company after 25 years; what I won't. Another list: what I do now that I enjoy, and how to expand those things without time constraints of getting ready for work, driving to work, working, driving home from work, thinking about next workday, repeat. Am working on final edit of music playlist for last day's drive; taking retirement "practice" days and weeks as much as work activities allow and testing lists. Other lists: post retirement projects, healthy habits to keep and enlarge, daily blessings. By now you will have surmised I am a list maker and planner but the truth is I can be a worrier and somewhat frugal/cheap. I read a productivity book years ago by David Allen and one concept stuck with me: on the list, off the mind. Lists are practically free, meds not so much, and peace of mind keeps me off the B/P meds. This forum is on my blessings list so thank you to all who contribute.


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I am four w*rking days away from entering what I call the "notice zone" -- sometime in January I tell them I am ERing, and that we have to have a talk about a smooth exit somewhere around April. But since I am FI, and there are now options for healthcare via ACA, I am in the driver's seat. I know for sure I will be called selfish (when I go, about 5-8% of revenue is potentially evaporating) but I am willing to aim to transition that business. But boy will I get the guilt treatment -- that doesn't mean it will be effective, however.

Has anyone else who has ER'ed faced the "you are selfish" argument?

You can put me on that list for June 2015 age 52.

I will be 58 1/2 on October 1, 2015. Been reading some articles that there is an irs option to withdraw from 401 or Ira prior to 59 1/2 with no penalty. Anyone ever done this?.. If so, I might be joining the class of 2015.



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Joe0401 said:

I will be 58 1/2 on October 1, 2015. Been reading some articles that there is an irs option to withdraw from 401 or Ira prior to 59 1/2 with no penalty. Anyone ever done this?.. If so, I might be joining the class of 2015.



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Click to expand...

Yes there's many posts, lets review quickly.
1. The Summary Plan Description (SPD) must allow for it. The SPD should be available through your benefits department.
2. Your benefits department(plan sponser) must give you a way to access these funds. Some reported it's a once and done as you roll it out. Not all are that way, mine allows for monthly withdrawls either pre defined or ad hoc.
3. There's no 10% penalty but you still owe tax. They automatically withhold 20% but will do more.
4. Edit to add: I believe that rule only applies to 401k not IRAs, please check.

If that fails you can always do a 72t
Best wishes.

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ikubak said:

So, based on the list, we have the following 12 possibly strutting through that door of early retirement in January:

7. Utrecht - Jan 2015 - Age 50
10. SonnyJim - January 1. 2015 - age 48
13. Options - January 2015 - 59.5
16. Shabby - January 2015 - age 48
19. BrianB - January 2015 - age 56
33. johnnyfuego - Jan-March 2015, age 52
40. FatCyclist - January 2, 2015 age 57
42. 2B - Jan 2015 age 63
43. tuffshed - January 2015 age 60
47. Travel4Fun - Jan 2015, age 50
52. texcurtis - January 31, 2015, age 54
57. Spudd - January 30, 2015, age 42

Some may have changed their minds or changed their dates, but it would be nice to hear from each about their plans.

Click to expand...

I'm still on track to resign January 5, 2015. My boss has been wonderful. There is no animosity or repressed anything. It's just time to go. I'll stay for a reasonable transition. I could be days or it could be two months. I'll get a better idea when I resign but I'm expecting the traditional two weeks. Business is rather slow right now and he may appreciate not having one more person to find work for.

guess I am luck 13 - Jabbahop Jan 2015 - age 54 and 11 months


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Can add me to the list - Whisper66, March 1, 55 yrs old.

This forum has been an excellent way to explore various questions I had about retirement over the last several months. Seems like every question i had has been asked before and answered from several points of view. So have been lurking and learning for awhile and decided to pull the trigger last week. I'll have a couple weeks to close this chapter of my life and then off to the next chapter. Very much looking forward to it. Thanks for all of you that contribute to this board. Will do my best to offer good contributions of my own now.

ikubak said:

So, based on the list, we have the following 12 possibly strutting through that door of early retirement in January:

7. Utrecht - Jan 2015 - Age 50
10. SonnyJim - January 1. 2015 - age 48
13. Options - January 2015 - 59.5
16. Shabby - January 2015 - age 48
19. BrianB - January 2015 - age 56
33. johnnyfuego - Jan-March 2015, age 52
40. FatCyclist - January 2, 2015 age 57
42. 2B - Jan 2015 age 63
43. tuffshed - January 2015 age 60
47. Travel4Fun - Jan 2015, age 50
52. texcurtis - January 31, 2015, age 54
57. Spudd - January 30, 2015, age 42

Some may have changed their minds or changed their dates, but it would be nice to hear from each about their plans.

Click to expand...

I'm on track for Jan 5, 2015, age 55

Have already hinted to co-workers that after the Holiday break, and the slow down and change in business strategies my Co is taking, time for me to move on.

I don't want to stay longer than 2 weeks. And I have reserves built up so that I can afford the month or two to get the Pension benefit work in and the details worked out.

I don't plan on any 401k withdrawals (using the Rule of 55 provision in our plan) until late in 2015 as I may not need to.

I've got SO much to do in 2015!

It does my heart good to see so many people lining up for 2015. Congratulations to all of you!

Thanks, Chuckanut!

Happy to join the class of 2015. Very exciting year ahead, only 8 months left.

1. Ikubak - April - age 52
2. LoneAspen - Feb - age 48
3. Neihn - Dec -
4. Fourchristians - June
5. ABQ2015 - March - 59
6. Live and Learn - March - 52
7. SkeetShooter - December
8. DanD76 - June
9. Utrecht - Jan - Age 50
10. haloFIRE - August 14th - age 47
11. Patagonia August Age 45

Patagonia said:

Happy to join the class of 2015. Very exciting year ahead, only 8 months left.

1. Ikubak - April - age 52
2. LoneAspen - Feb - age 48
3. Neihn - Dec -
4. Fourchristians - June
5. ABQ2015 - March - 59
6. Live and Learn - March - 52
7. SkeetShooter - December
8. DanD76 - June
9. Utrecht - Jan - Age 50
10. haloFIRE - August 14th - age 47
11. Patagonia August Age 45

Click to expand...

45 is way too young, you need to suffer a bit more!

Evergreen said:

45 is way too young, you need to suffer a bit more!

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I'm retiring in June or July at 57. (I will continue to work about 15 hours/week online, so call it semiretire. We're moving West.)

Evergreen said:

45 is way too young, you need to suffer a bit more!

Click to expand...

You are quite young yourself, congrats.

1. Ikubak - April/May 2015- age 52
2. LoneAspen - Feb 2015- age 48
3. Neihn - Dec 2015-
4. Fourchristians - June 2015
5. ABQ2015 - March 2015- 59
6. Live and Learn - March 2015- 52
7. Utrecht - Jan 2015 - Age 50
8. haloFIRE - August 14, 2015 - age 47
9. Phil1ben - June 1, 2015 - age 55
10. SonnyJim - January 1. 2015 - age 48
11. Theseus - July 2015 - age 59 (moved up to 2014 - congrats )
12. biker4life - July 2015 - age 45
13. Options - January 2015 - 59.5
14. Al - June 2015 - age 52
15. Siamond - July 2015 - age 53
16. Shabby - January 2015 - age 48
17. jcretire77 - April 2015 - age 55
18. Fermion - Oct 2015 - age 45
19. BrianB - January 2015 - age 56
20. RobLJ - May thru August - age
21. FreqFlyer - Feb 2015 - age 43
22. Hiker88 - August 2015 - age 55
23. Enjoylife133 - December 2015 - age 60
24. Jpearl - July 2915 - age 43
25. iac1003 - April 2015 age 63.5
26. kern44 - June 2015
27. Fedup - Dec 2015 age 55
28. Mo Money - April 2015 age 53
29. Aus_E_Expat- April 2015, age 56
30. rodi - April 2015, age 53
30. vireo- June 30, 2015. Age 60
31. Travelwanted - June 2015, Age 43
32. Rdub - May 2015, age 45
33. johnnyfuego - Jan-March 2015, age 52
34. Islandtraveler - July 2015 age 56
35. kimcdougc - Feb. 1, 2015 age 57
36. 3800Fiero - Feb 2015 age 57
38. cbo111- Sep 2015 age 57
39. Planner - April 30, 2015 age 53
40. FatCyclist - January 2, 2015 age 57
41. Oreogn - Feb 2015 age 58
42. 2B - Jan 2015 age 63
43. tuffshed - January 2015 age 60
44. trirod - December 2015 age 48
45. jabbahop - Feb 2015 age 54/55 (depending whether I go before Feb birthday)
46. nuke_diver
47. Travel4Fun - Jan 2015, age 50
48. robnplunder - July 2015, age 53
49. Bryan Barnfellow - July 17, 2015
50. Taxman59 - July 1, 2015
51. nuisance - Q2 2015
52. texcurtis - January 31, 2015, age 54
53. OBXretire - July 1, 2015
54. Punxsyboy
55. Philliefan33
56. pinejake - March 5, 2015, age 56
57. Spudd - January 30, 2015, age 42
58. bingybear - Feb 28, 2015, age 53

add me @ the end

Add me, May 1. 57


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