Hi,
New to Board, (Thank you WSJ), 45 years old and am now in 4th year of ER. Well actually, I call it ESR (for Early Semi-Retirement) because after the first year or so i realized that my calculations were off and 5% withdrawals were going to make me toast (I have long genes in my family and base my planning on living to 120 just to be safe). SO cranking that back to 3.75% means I am still doing some part-time consulting work which is actually great and not stressful or too time-consuming.
Starting 10 or 15 years ago, I, too, got great inspiration from Joe Dominguez (though I and certainly my wife and kids would never consent to live like that) and more importantly Paul Terhorst (does anyone know where he is these days? I want to thank him!-- although I'd love to hear how he is finding 8% T-Bond investments today, and his calculations seem a bit off for life with kids in suburbia). More recently, I have become a fan of William Bernstein and have totally bought the concept, found a guy who can get me into DFA funds to fill out the holes in Vanguard, and am very happy with the yield/volatility tradeoffs.
For me, this has become a Men's Mental/Health issue -- ER or ESR is about freeing men from living like slaves, unhealthy, unhappy, economic machines with no "Off" switch. Getting balance in my life, getting fit (yoga) and volunteering a lot in my community have been the big dividends.
I also have a sailboat, which in itself practically requires you to retire just to take care of it! We live on the Long Island Sound and have taken it to Chesapeake and Maine in recent years.
My biggest worry is rising property taxes for a house we love in a community we are totally committed to. They are out-of-sight (doubling over 5 years) and have caused me a lot of anguish in recent years. I get involved at the local level to protest and organize and push for restraint but I sense the tide is against me...
Looking forward to sharing the journey with you all... Bob
New to Board, (Thank you WSJ), 45 years old and am now in 4th year of ER. Well actually, I call it ESR (for Early Semi-Retirement) because after the first year or so i realized that my calculations were off and 5% withdrawals were going to make me toast (I have long genes in my family and base my planning on living to 120 just to be safe). SO cranking that back to 3.75% means I am still doing some part-time consulting work which is actually great and not stressful or too time-consuming.
Starting 10 or 15 years ago, I, too, got great inspiration from Joe Dominguez (though I and certainly my wife and kids would never consent to live like that) and more importantly Paul Terhorst (does anyone know where he is these days? I want to thank him!-- although I'd love to hear how he is finding 8% T-Bond investments today, and his calculations seem a bit off for life with kids in suburbia). More recently, I have become a fan of William Bernstein and have totally bought the concept, found a guy who can get me into DFA funds to fill out the holes in Vanguard, and am very happy with the yield/volatility tradeoffs.
For me, this has become a Men's Mental/Health issue -- ER or ESR is about freeing men from living like slaves, unhealthy, unhappy, economic machines with no "Off" switch. Getting balance in my life, getting fit (yoga) and volunteering a lot in my community have been the big dividends.
I also have a sailboat, which in itself practically requires you to retire just to take care of it! We live on the Long Island Sound and have taken it to Chesapeake and Maine in recent years.
My biggest worry is rising property taxes for a house we love in a community we are totally committed to. They are out-of-sight (doubling over 5 years) and have caused me a lot of anguish in recent years. I get involved at the local level to protest and organize and push for restraint but I sense the tide is against me...
Looking forward to sharing the journey with you all... Bob