Hi Cal,Cal said:My goal is to retire at 50 (36 right now). Unfortunately, I didn't get ER religion until a couple of years ago, so I wasted all of my 20's and am having to be extra aggressive with my savings to make up for it.
We'll see what Mr. Market has in store, how high health insurance costs will go, what if any social security reforms occur, what taxes will be like in the coming years with our ballooning debt. Ick. Too many variables right now. I just keep dumping my money into my investments, living below my means and playing with my spreadsheets and I'll see what comes up in a couple of years.
snowbird said:Will semi-ER in January, 2006 at age 56.
Don't enjoy winters in CT so I sold the house last year, bought a condo here and a home in FL so we can snowbird. Will pay mortgage off in January. Didn't/couldn't save enough (2 kids - graduated college, living on their own) and maybe should have been more aggressive with 401k in 80's & 90's.
Semi-ER is next best thing to ER as far as I'm concerned. We'll both work part time 4-5 months when back in CT and will enjoy the 7 months in FL.
Anyone else planning the same?
Pete
brewer12345 said:Pete: Could you talk a bit about how you are managing the work 4 to 5 months thing? What kind of gig is it/ How did you find it?
73ss454 said:Snowbird,
Love your plan, hope it works out for you.
We live in NY and bought a house in Fla about 3 years ago.
Glad we bought when we did because of the prices.
Next year we hope to sell our house in NY and make Fla our home. Would love to have 2 places but have to be realistic with the finances.
I will be 57 at that time and DW 55. Have a great need to sit under a Palm tree for a few years.
snowbird said:73ss454,
Bought a place about 9 miles outside of Disney with a pool and lanai. Can't see renting it out. Nobody takes care of it better than you. Place has appreciated ~60% in a year and a half. If things get tight I can always sell it or the condo but plan on hanging on as long as I can. Can't stand the winters in CT but don't much care for the heat and humidity in Fl in the summer.
Right now it acts as a vacation home for ourselves and family members. Although expenses for this home amounts to ~16% of my retirement budget, I'm sure there are ER folks out there that probably spend that much on vacation travel a year. I'm at least building equity.
Pete
Have Funds said:Was all set for 55, but was right-sized out of that. Now the plan is "whenever I have enough", which seems to be shrinking with time...
brewer12345 said:Pete: Could you talk a bit about how you are managing the work 4 to 5 months thing? What kind of gig is it/ How did you find it?
MRGALT2U said:I've heard that from others (whenever I have enough). Not a good plan IMHO.
JG
The Other Michael said:Monday, though I'm taking leave so I don't have to come in. That makes Friday at 2:30PM PDT my effective "never going back to work" retirement date.
cheers,
Michael
The Other Michael said:Monday, though I'm taking leave so I don't have to come in. That makes Friday at 2:30PM PDT my effective "never going back to work" retirement date.
I think this is where you're supposed to say "Ah, but what memories!!"Cal said:My goal is to retire at 50 (36 right now). Unfortunately, I didn't get ER religion until a couple of years ago, so I wasted all of my 20's...