View Poll Results: What method did you use to ER?
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LBYM and save
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34 |
69.39% |
Sell appreciated house
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1 |
2.04% |
Inheritance or stock options
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5 |
10.20% |
Move abroad
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0 |
0% |
Pension plan
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9 |
18.37% |
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06-20-2005, 04:21 PM
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#1
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Dryer sheet wannabe
Join Date: Jun 2005
Posts: 24
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How did you ER
Please also add the age at which you retired.
Thanks - NYC
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06-20-2005, 04:35 PM
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#2
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Recycles dryer sheets
Join Date: Mar 2004
Location: Modesto
Posts: 334
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Re: How did you ER
I'm set to go at 50 3/4, I turned 50 last week. DBP
__________________
It's about the music
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06-20-2005, 04:41 PM
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#3
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Recycles dryer sheets
Join Date: Jan 2005
Posts: 362
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Re: How did you ER
For hubby and I it would be a combination of pensions and lbym/savings. (IRAs, 457s, CDs, money markets)
And we've tried real hard to pay cold hard cash for most everything except the mortgage. We firmly believe that it is not what you have coming in but what you have going out.
53 for him, 50 for me.
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06-20-2005, 05:21 PM
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#4
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Full time employment: Posting here.
Join Date: Nov 2002
Posts: 768
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Re: How did you ER
Pension plus LBYM/savings also. Age 44.
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06-20-2005, 07:40 PM
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#5
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,860
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Re: How did you ER
Quote:
Originally Posted by NYC Guy
Please also add the age at which you retired.* Thanks - NYC
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LBYM-- 41.
__________________
*
Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
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06-20-2005, 08:10 PM
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#6
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,708
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Re: How did you ER
I used more than one of the above options.
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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06-20-2005, 08:10 PM
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#7
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Thinks s/he gets paid by the post
Join Date: Dec 2003
Posts: 4,459
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Re: How did you ER
There's a distinct dearth of poll options. * None of the above for me.
Sold my business at 37. * Continued working for a few years after that, and then it finally dawned on me that I didn't need to work anymore. *Retired at 40. * A couple of good real estate transactions didn't hurt, either.
BTW, am I the only who hates the LBYM abbreviation? * That "B" could mean either "Below" or "Beyond."
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06-20-2005, 08:14 PM
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#8
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Thinks s/he gets paid by the post
Join Date: Jan 2005
Location: DFW
Posts: 2,016
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Re: How did you ER
Two pensions, LBYM, and save, plus military healthcare. I guess I'll select pensions in the poll
__________________
Resist much. Obey Little. . . . Ed Abbey
Disclaimer: My Posts are for my amusement only.
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06-20-2005, 08:16 PM
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#9
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,708
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Re: How did you ER
Stock options, investing in the late 90's, huge real estate gains, and quitting spending like a fool a couple of years before I took a years pay to be 'reduced' at 39 and then figured out I didnt have to go back.
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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06-21-2005, 05:23 AM
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#10
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Re: How did you ER
DH retired at 51, I retired at 48 (both of us from the phone company). Combination of large lump sum pensions, 401K, LBYM, mortgage paid off and most importantly free retiree medical benefits. DH has been retired for 7 years, myself for 4. Biggest challenge has been managing our nest egg through the ups and downs of the market.
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06-21-2005, 06:36 AM
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#11
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Thinks s/he gets paid by the post
Join Date: Feb 2004
Posts: 2,670
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Re: How did you ER
Quote:
Originally Posted by wabmester
BTW, am I the only who hates the LBYM abbreviation? * That "B" could mean either "Below" or "Beyond."
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Same thing could be said for DH and DW. That "D" could mean either "Dear" or "Dumb."
__________________
No man is free who is not master of himself. --- Epictetus
Enjoy Yourself (It's Later Than You Think). --- Guy Lombardo
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06-21-2005, 06:49 AM
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#12
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Recycles dryer sheets
Join Date: Aug 2004
Posts: 218
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Re: How did you ER
I don't think there's a correct answer in the poll for us either. "Sell appreciated house" seems to imply principal residence, which we did make some money from, not much. I guess, by definition, anyone retired is an LBYMer; but since we sucked at reducing spending, we had to figure out how to increase our 'means'.
We retired 2 years ago at 36 and 35 mainly from real estate investments and the sell of my small accounting practice.
Beachbumz 8)
__________________
Life is good.
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06-21-2005, 07:26 AM
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#13
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Full time employment: Posting here.
Join Date: Mar 2005
Location: Punta Gorda, FL
Posts: 828
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Re: How did you ER
I'm retireing soon but only because the wife is going to continue working. I'll be 48. The wife plans to work until she is 52 and eligible for her pension. We will have a combination of savings and her pension. We had a couple of decent real estate deals and have done OK in stocks. We are also debt free. Havn't paid interest to anyone beside the mortgage for many years. Paid off the house this year. We are saving all of my salary and some of hers. We have two kids in college and we are paying for most of that, so I put off my retirement for a few months.
We currently couldn't both retire and live the same lifestyle that we do now. The wife enjoys her job so it isn't an issue now. Also their is always the hope for an early out deal. I have been tracking our expenses for the last few years and we both could retire now, but we would have to sell the house and move to a less expensive area. We would also have to cut back on a few things. The biggest worry would be health insurance.
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06-21-2005, 07:51 AM
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#14
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 14,183
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Re: How did you ER
Quote:
Originally Posted by retire@40
Same thing could be said for DH and DW.* That "D" could mean either "Dear" or "Dumb."
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Or "Damn"... :P
__________________
Have Funds, Will Retire
...not doing anything of true substance...
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06-21-2005, 08:11 AM
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#15
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Recycles dryer sheets
Join Date: Oct 2003
Posts: 452
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Re: How did you ER
lbym and save/invest for 10 years prior to retirement, but still couldn't do it w/o the pension !
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06-21-2005, 02:10 PM
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#16
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Recycles dryer sheets
Join Date: Feb 2005
Posts: 454
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Re: How did you ER
Quote:
Originally Posted by retire@40
Same thing could be said for DH and DW. That "D" could mean either "Dear" or "Dumb."
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When I first saw it, thought "Divorced" (as in "Ex") from context.
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06-21-2005, 03:42 PM
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#17
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Recycles dryer sheets
Join Date: Apr 2005
Posts: 97
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Re: How did you ER
Saved my income, lived on DW's for last 15 years, age 50
__________________
Born with nothing, still have most of it left!
Need to be on the road more!
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06-21-2005, 09:48 PM
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#18
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Full time employment: Posting here.
Join Date: Apr 2004
Posts: 802
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Re: How did you ER
I would never call Mrs. Zipper "the wife".
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06-22-2005, 06:30 AM
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#19
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Thinks s/he gets paid by the post
Join Date: Dec 2002
Posts: 3,875
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Re: How did you ER
None of the above! Just did it because I wanted to.
Semiretired at 49
Completely at 54
JG
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06-22-2005, 07:34 AM
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#20
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Thinks s/he gets paid by the post
Join Date: Feb 2005
Location: Lou-evil
Posts: 2,025
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Re: How did you ER
Nords and Wab --
41 and 37...I'm jealous errr motivated
__________________
"These walls are kind of funny. First you hate 'em, then you get used to 'em. Enough time passes, gets so you depend on them"
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