Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
To FIRE or Not to FIRE that is the question ...
Old 08-30-2018, 10:40 AM   #1
Confused about dryer sheets
 
Join Date: Aug 2018
Location: Stony Brook
Posts: 2
To FIRE or Not to FIRE that is the question ...

I have been reading on and about this forum for quite some time now. I feel I know some of you already and thought it was time I introduce myself. So here goes …

Hi I am Orlando and I am an addict. I have been addicted to working for quite some time now. I started when I very young and now I am 56. The long term damage that has resulted for such an addiction has taken its toll on me and now I must quit! …

The problem is I am not financially independent just yet, or am I? What exactly does that mean anyway? Is buying a house with cash and living on 1K a week enough? Does FI mean keeping your existing life style and where you currently live? Do I even want to do that?
Man so many questions. I recently read a few threads on “I walked into work and I suddenly realized I was done” or “My heart isn’t there anymore” etc. Man I am so there and I have a few more years to go. My goal is to retire at or about age 62. I simply cannot afford to pay medical and all the other living expenses as well.

My wife and I are the same age and have known each other our whole lives, I was her first boyfriend in HS. We have been together for the past 11yrs. Two divorces each have left us, well less than FI let’s say. Even with that I think we can still make it work. We are both working professionals and are doing quite well right now. But for retirement basic numbers without all of the percentages and if’s, I can draw 2K from SS and 2K from 401k a month. My wife is about the same, a little less possibly. So let’s say buy a house outright and live on 6K a month. That’s doable right? or is it?

Anyway as you can see I like to ramble, already practicing for being retired. Great forum you guys have here. Lot’s of great people and information!

BTW when I say FIRE it's the other FI I refer to. And what the heck are dryer sheets anyway? Thanks for reading.

-Orlando
Skybolt is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 08-30-2018, 11:36 AM   #2
Thinks s/he gets paid by the post
SumDay's Avatar
 
Join Date: Aug 2012
Posts: 1,839
Welcome Orlando!!!

Everyone's definition of FI is very different. It's all about expenses and your portfolio and other possible sources of income.

Have you discovered Firecalc? Run your numbers there. https://firecalc.com/ I'm retiring today, and I'm still running those numbers, just for reassurance.

And here's the scoop on those pesky dryer sheets. Search is your friend - it works very, very well on this board: http://www.early-retirement.org/foru...ets-44456.html
SumDay is offline   Reply With Quote
Old 08-30-2018, 11:54 AM   #3
Confused about dryer sheets
 
Join Date: Aug 2018
Location: Stony Brook
Posts: 2
Thanks SumDay!

Good luck with the beginning of the rest of your life!
Skybolt is offline   Reply With Quote
Old 08-30-2018, 11:58 AM   #4
Thinks s/he gets paid by the post
GalaxyBoy's Avatar
 
Join Date: Jul 2009
Location: The Beautiful Blue Ridge Mountains
Posts: 2,553
Be sure to read the FAQ section of the forum. Start with this one.
GalaxyBoy is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Hello Forum....not quite starting out, not quite ready to FIRE PV4ALL Hi, I am... 5 03-01-2009 11:10 AM
Fire! Fire!---Not FIRE mickeyd Other topics 16 11-18-2008 05:19 PM
Not Augsburg, not Aachen... Lancelot Life after FIRE 5 07-07-2007 08:00 PM
not a FIRE question, but real estate insurance problem... kitty_37 FIRE and Money 9 08-26-2005 05:08 AM

» Quick Links

 
All times are GMT -6. The time now is 02:02 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2023, vBulletin Solutions, Inc.