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I did not really read this as a stereotypical left-wing classist guilt-trip us-vs-them propaganda piece. The argument is that calcified wealth strata and the inability to move between them jeopardizes society as a whole and this calcification has gotten worse over time. Selfishly, as part of...

From the article itself. I encourage you to read the whole thing, it's really a pretty incredible commentary.

Try to keep the lowest distribution yield assets in your taxable account: I-Bonds Vanguard Total Stock Market Index (or equivalent) Cash and short term bonds. International stocks index funds have higher yield (> 3%), try to keep them in tax-advantaged. Same for intermediate bonds...

Congratulations, you have discovered sequence of returns risk. I suggest setting aside a day and reading everything in this blog series: https://earlyretirementnow.com/2016/12/07/the-ultimate-guide-to-safe-withdrawal-rates-part-1-intro/

Putting this consulting thing together sealed it for me- just made the transition a little less scary.

Update: Going. OP here. I put in my notice yesterday. Going at the end of the month. I have some part-time consulting work lined up so I can't really say I'm ERing, but I will have the necessary flexibility to do what I want with my extracurriculars. No more face time at the office...

In general this discussion sounds a lot like the discussion constantly going on in my head, but it's nice to see validation of the two sides from different people/perspectives. Thanks again. The commitment is basically annual (large payouts at the year markers), so I will probably stick around...

Excellent summary and food for thought. Thanks.

Very true. Thanks.

Don't need to use their public healthcare. I have a friend that moved to France with his family a few years back, unfortunately recently went through full scale cancer treatment, chemo, surgeries, very bad. $5k no insurance My wife has European citizenship so not an issue, but I believe you...

It all depends what you're scared of. Me, I'm scared of dying rich, it means I wasted too much of the most precious and scare commodity we have - time. Things I'm not scared of - downsizing my lifestyle if necessary or even moving to a cheaper country. Healthcare can only bankrupt you in the...

Thanks again for all the votes and responses. To clarify, no I do not own a $3.8M house with no financial assets. :laugh: You can think of the $3.8M as net worth after incurring the selling and moving costs involved in executing our RE plan. It seems like the consensus is to stick it out...

Wow, amazing, thoughtful responses. Thanks everyone! Such a hard decision.

Totally understand the OMY syndrome. This is a bit of a special case though because the income I'd be walking away from is not my "normal" income - it won't last beyond two years and I can't come back to it if I leave now. OTOH, if I truly have enough (I think I do) and I have a compelling...

Thanks. I'm early forties. This is an after-tax increase in NW of about 1M over 2 years.

As the title says, I am pretty much agonizing about whether to ER now or not. The decision is now vs. 2 years from now. Here are the necessary bits of information, you get to vote on what you would do and maybe leave some comments if you like. Reasons for going now: - I am not passionate...

Agreed, but I would fix it by reducing the annual spending budget in the formula by the amount you expect to be covered by SS. Same for people with pensions.

I would be very careful about excluding home equity. As I said, a person with $2.5M and a $500k house should be thinking about ER in the exact same way as a person with $3.0M and no house - their situations are interchangeable. I'm not sure the rule of thumb is invalid for 55-65. After all...

Because it is a "rule of thumb", including home equity is a simple way to account for people in different housing situations (rent vs own, HCOL area vs LCOL). The FIRE decision for someone with $2.5M portfolio + $500k house should be identical to someone with $3M portfolio and zero house. The...

You can make up your own rule of thumb for 86 year olds and older. Mine is for people considering early retirement. :)

zeroday rule of thumb Here is the zeroday "FIRE rule of thumb": Calculate X - average yearly expenses for the rest of your life in present dollars. Calculate Y - any large one-time future expenses in present dollars (e.g. college). FIRENW = X * (85 - age) + Y Example: 60 year old, $60k...

I'm retiring fall of 2019, still about 2.5 years away, but I'm obsessed - I can't stop thinking about it and counting down the days. And my job isn't even that bad. Any advice for how to get out of this obsessive mentality? I really want to enjoy every moment of my life and not waste time...

I am avid rock climber, as is my spouse, that's how we met. If I wasn't working and we weren't parents we'd be traveling the world climbing for the rest of our lives, chasing the endless autumn. Anyway, I also like working with kids and I'd love to coach a junior climbing team, especially now...

Yes it may be hard to instill work ethic if you're off fishing every day. But you might be able to instill it by doing something else, something that is still easier and more rewarding than trudging off to work every day. For example, I'd like to spend some time coaching the sport I love to do...

I understand and expressed that same concern to my spouse, who responded that a child seeing that working hard and being successful enough at what you do to be able to RE is not a problem and may even be a positive example that the child wants to emulate. Work hard, get good at what you do...