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Decision Made and Announced
04-15-2019, 09:20 AM
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#1
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Recycles dryer sheets
Join Date: Aug 2018
Posts: 109
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Decision Made and Announced
Well, retirement date is announced (5/31) and I'm so excited. The relief as I sit here at my desk just working on a transition plan is fantastic.
I'm pretty comfortable with my plan but its all contingent on the economy. I've been very conservative with my estimates (5% returns, 4% inflation) but its still nerve racking. Little did I know 30 years ago when I started contributing 15% to a 401(k) on day one of my job and 15 years go when I was saving well in excess of that % that I'd be setting myself up for this day. Retirement was not even a thought back then, much less E-R.
Mentally I'm in a good place. Next goals: more time with my DW, 10 strokes off my golf game, continue to run and workout, find a few day a week volunteer opportunity, slowly increase travel and watching my kids start their careers.
Oh, one more goal, passing on my savings beliefs to my kids. The oldest already called me to get advice on which fund(s) to put her 401(k) money in on her 3rd day of work. I was beaming with pride over that phone call. The youngest graduates in May and starts work in August.
Thanks to all on here who have directly and indirectly given me great advice.
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04-15-2019, 09:22 AM
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#2
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2015
Posts: 5,867
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Congratulations! Your countdown has begun. Enjoy
__________________
Give a Man a fish, he will eat for a day.
Teach a Man to fish, he will eat for a lifetime.
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04-15-2019, 09:22 AM
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#3
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Dryer sheet wannabe
Join Date: Apr 2018
Posts: 24
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Congratulations!
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04-15-2019, 09:28 AM
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#4
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Moderator
Join Date: Nov 2014
Posts: 9,182
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Congratulations!
__________________
Every day when I open my eyes now it feels like a Saturday - David Gray
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04-15-2019, 09:36 AM
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#5
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Thinks s/he gets paid by the post
Join Date: Aug 2012
Posts: 1,862
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Congratulations! You're gonna love it! Someone here gave me some great advice - give yourself 6 months or so before you commit to volunteer opportunities. Initially I thought I'd start the Monday after I retired, but here I am 9 months in and I'm pretty much enjoying doing whatever the h*ll I want, whenever I want. Pretty such I can squeeze in some reading tutor time for some struggling little person, but for now I'm just pondering it.
__________________
FIRE Class of 2018 @ 61
Old men and women sit in the shade of trees they planted long ago
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04-15-2019, 10:33 AM
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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: Mar 2007
Posts: 14,328
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Congratulations. In a few years, you will look back at your current fears / doubts and laugh. Time to get on with the rest of your life.
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04-15-2019, 11:10 AM
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#7
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Thinks s/he gets paid by the post
Join Date: Aug 2017
Location: Champaign
Posts: 4,729
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Yay! Congrats to your new life!
__________________
"Do not go where the path may lead, go instead where there is no path and leave a trail."
Ralph Waldo Emerson
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04-15-2019, 03:55 PM
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#8
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Thinks s/he gets paid by the post
Join Date: Jun 2016
Posts: 4,663
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Congratulations! I second the advice to let yourself adjust to ER before committing to a lot of volunteering.
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04-15-2019, 04:37 PM
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#9
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Full time employment: Posting here.
Join Date: May 2011
Posts: 873
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Congrats! Can't wait to hear about your final days in the office.
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04-15-2019, 04:57 PM
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#10
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Recycles dryer sheets
Join Date: Oct 2016
Posts: 432
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Congratulations! - nice to hear all the people this site has helped.
I am getting close myself, soooon.
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04-15-2019, 06:42 PM
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#11
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2014
Location: Huntsville, AL/Helen, GA
Posts: 6,002
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 Quote:
Originally Posted by SALTedOut
Well, retirement date is announced (5/31) and I'm so excited.
Mentally I'm in a good place. Next goals: more time with my DW, 10 strokes off my golf game, continue to run and workout, find a few day a week volunteer opportunity, slowly increase travel and watching my kids start their careers.
Oh, one more goal, passing on my savings beliefs to my kids.
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Congratulations on your planning and executing your long term plan to retirement. Hope you're successful on lowering that golf handicap, Tiger. Keep up the physical fitness kick, but be conservative and try to not step into any holes running. Travel is very important to give you something to look forward to. And glad you've raised good kids that went to college. Starting a retirement program is especially difficult today with net zero interest rates and the stock market at an all time high. Millennials need all the guidance they can get.
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04-15-2019, 06:58 PM
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#12
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2018
Location: Tampa
Posts: 11,300
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Congrats on moving forward with the best part of your life.
__________________
TGIM
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04-15-2019, 09:39 PM
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#13
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,376
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Congratulations. yup, change is hard and scary but well worth the discomfort.
Quote:
Originally Posted by SALTedOut
..... The youngest graduates in May and starts work in August. ...
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They may qualify for the Retirement Savers Tax Credit this year... free money from Uncle Sam!
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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04-16-2019, 04:12 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: Jan 2006
Location: Rio Grande Valley
Posts: 38,153
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Congrats! I’m sure having the kids “launched” is very satisfying as well.
__________________
Retired since summer 1999.
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04-16-2019, 11:49 AM
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#15
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Recycles dryer sheets
Join Date: Mar 2018
Location: CONUS
Posts: 187
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Congrats to you!
I remember being new to my first job after college and calling my parents with the same kinds of questions. Their FIRE experience and guidance made lasting impressions and pointed me to the FIRE path I’m on today. Your kids will benefit immensely from your experience, too. I’m sure they have been for some time.
Congrats again.
__________________
W*rking hard, enjoying life.
Target: RE at 42 in '28 but subject to change because life be like that sometimes
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04-16-2019, 01:06 PM
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#16
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Recycles dryer sheets
Join Date: Aug 2018
Posts: 153
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Congratulations on your plan as well as being a great role model for your children!
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04-16-2019, 01:13 PM
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#17
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2011
Location: West of the Mississippi
Posts: 17,266
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Wonderful! Congratulations!
__________________
Comparison is the thief of joy
The worst decisions are usually made in times of anger and impatience.
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04-16-2019, 02:17 PM
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#18
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Recycles dryer sheets
Join Date: Sep 2012
Location: Redmond, WA
Posts: 185
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Congrats! Let the countdown begin.
__________________
Shabby
- Live below your means
- Stay out of debt
- Save all you can
- Buy used cars
- Focus on your end goal (FIRED June 2019)
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04-19-2019, 03:56 PM
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#19
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Full time employment: Posting here.
Join Date: Oct 2017
Posts: 717
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Congratulations! Well deserved![emoji485][emoji898][emoji322]
__________________
Whatever failures I have known, whatever errors I have committed, whatever follies I have witnessed in private and public life have been the consequence of action without thought... - Bernard Baruch
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