What type of part time job will you get?
2030 Fire Thread- Who's in?
- Thread starter hilltide
- Start date
What type of part time job will you get?
I don’t know. I got a couple soft offers last week (both unsolicited) to put together construction estimates in varying capacities. That’s what I’m doing now. Doing it PT, without the daily commute and sans mega-corps BS might be just fine. I also have an engineering license and I might start a consulting business for construction management/engineering. Those options would certainly pay the most.
But I hope I find something totally different. I didn’t mind guard duty way back in my soldiering days, so maybe be an armored car driver or work security in a bank. Amazon has paid courses for robotics, which I’m confident I’d enjoy.
If DW ever goes back to work and the market keeps climbing, money won’t be much of an issue. I could try lots of thing between now and 2030.
But I hope I find something totally different. I didn’t mind guard duty way back in my soldiering days, so maybe be an armored car driver or work security in a bank. Amazon has paid courses for robotics, which I’m confident I’d enjoy.
If DW ever goes back to work and the market keeps climbing, money won’t be much of an issue. I could try lots of thing between now and 2030.
2029FIREaway
Recycles dryer sheets
Just found this thread! I am in!
Hopefully 2029 as my username suggests
Only things holding me back are kids out of grade school (tied to our location/school schedule right now) and the small matter of very high discretionary spend!
If the nugget grows from 3.5M to anything over $4M I think I’m FI (again need to look at discretionary/fun/travel/food/wine expenses).
One continuous reminder I have are relatives/friends/family who have moved from go go to slow go, some cases no go between ages 70-80. Kinda sad to see more impetus to close this working chapter asap!
Hopefully 2029 as my username suggests
Only things holding me back are kids out of grade school (tied to our location/school schedule right now) and the small matter of very high discretionary spend!
If the nugget grows from 3.5M to anything over $4M I think I’m FI (again need to look at discretionary/fun/travel/food/wine expenses).
One continuous reminder I have are relatives/friends/family who have moved from go go to slow go, some cases no go between ages 70-80. Kinda sad to see
more impetus to close this working chapter asap!Nice work. I am with you. I keep on moving the goal posts as well. Thanks for the update.
Nice work on your savings. Welcome to the team! Yeah, i have a young child and it's on my mind on how much extra I will need along the way.Just found this thread! I am in!
Hopefully 2029 as my username suggests
Only things holding me back are kids out of grade school (tied to our location/school schedule right now) and the small matter of very high discretionary spend!
If the nugget grows from 3.5M to anything over $4M I think I’m FI (again need to look at discretionary/fun/travel/food/wine expenses).
One continuous reminder I have are relatives/friends/family who have moved from go go to slow go, some cases no go between ages 70-80. Kinda sad to see
2029FIREaway
Recycles dryer sheets
Thanks buddy! It’s exciting to be within touching distance. I have an aggressive goal of being done in two years when the older kid goes to college. A more realistic goal is 5 years away when the younger goes to college.
I can smell the promised land. I really really want to be done with the corporate job! Take a break and reassess what’s next when FI
Today is my last day of full employment (hopefully). I'm just shy of $1.6M invested, so I plan on keeping some sort of employment through 2029. I have my withdrawal and AA shifting plan figured out. I'll evaluate it regularly as we approach 2030.
If anyone is curious, my withdrawal plan is to sell 1/5 of my taxable account each year, ~$64k currently, and convert a similar amount from traditional 401k into my Roth IRA. So about 4% for the next few years. After 2029, I plan to use the VPW method with a starting rate of 5.8%, taking all from the principal in my Roth accounts.
My AA shifting plan is to go from about 6mo. of cash to three years of liquid assets (checking and savings accounts, money market, cd's, and a touch of bullion) by 2029. I have a negligible amount of bonds in my portfolio and which I will likely move to zero, unless bond rates get to double digits at some point.
I have an adequate level of confidence this will work. I'm very confident this plan will succeed if DW ever gets employed again. My backup plan is to go back to work full time as an engineer in the construction business, probably in some sort of consulting capacity. But I don't forget the old adage, "Man plans, God laughs." I'm just playing the odds as best I can.
Cheers, cohort!
If anyone is curious, my withdrawal plan is to sell 1/5 of my taxable account each year, ~$64k currently, and convert a similar amount from traditional 401k into my Roth IRA. So about 4% for the next few years. After 2029, I plan to use the VPW method with a starting rate of 5.8%, taking all from the principal in my Roth accounts.
My AA shifting plan is to go from about 6mo. of cash to three years of liquid assets (checking and savings accounts, money market, cd's, and a touch of bullion) by 2029. I have a negligible amount of bonds in my portfolio and which I will likely move to zero, unless bond rates get to double digits at some point.
I have an adequate level of confidence this will work. I'm very confident this plan will succeed if DW ever gets employed again. My backup plan is to go back to work full time as an engineer in the construction business, probably in some sort of consulting capacity. But I don't forget the old adage, "Man plans, God laughs." I'm just playing the odds as best I can.
Cheers, cohort!
I will join this club! I was on 2024 club and we are FI now but not ready to FIRE. DW says I need to keep working until DD finish med school. I kind of agree with her: my job is easygoing and we are already living a slow life on our acreage. Besides the extra 6 years will be put us squarely in the FatFIRE territory.
I'm transitioning to this thread as well from the race to 2024 as even though we generate enough income to be FI outside of the W2, there isn't enough cushion for me to be comfortable. In six years I'll be 55 with unrestricted access to 401(k). 55 would also allow me to grow our assets more and cover college costs etc. without risking FIRE.
$2.32M end of Q2, purchased a cabin with just over $100k down, but our invested assets are still slightly up from Q1.
FI Gauge: 79.4% with 3.3% WR from investments and cash, 132.3% when including rental income.
The cabin purchase reduced our taxable investments by 30%, but the trend is in the right direction.
Keep slogging on...
$2.32M end of Q2, purchased a cabin with just over $100k down, but our invested assets are still slightly up from Q1.
FI Gauge: 79.4% with 3.3% WR from investments and cash, 132.3% when including rental income.
The cabin purchase reduced our taxable investments by 30%, but the trend is in the right direction.
Keep slogging on...
Came across a photo today of one of my two retirement accounts because I had screen grabbed it.
It hit $1,000,415 on 2/13/21.
Today, 3.5 years later, same account is $1,429,051 (and that is after a $93,000 withdrawal for a pool remodel and wife's new car).
In good markets, the compounding adds up quick as the account gets larger. On track to "semi" retire this year (major work downshift) and hopefully fully retire in January 2028.
It hit $1,000,415 on 2/13/21.
Today, 3.5 years later, same account is $1,429,051 (and that is after a $93,000 withdrawal for a pool remodel and wife's new car).
In good markets, the compounding adds up quick as the account gets larger. On track to "semi" retire this year (major work downshift) and hopefully fully retire in January 2028.
c4t3rp1ll4r
Dryer sheet wannabe
- Joined
- Jun 10, 2023
- Messages
- 16
Just finished reading the 2024 thread and went looking for one closer to our goals. Currently looking to hit FI in 2030, but 2032 seems like it's more likely for RE to be on the table. Our youngest will graduate high school in 2027 so 2032 should have us clear of college costs and hopefully with a year of "life without fully supporting at least one of the kids" so we can get a better sense of our retirement budget.
Just an update about my unpaid sabbatical: I’m loving it! I spent the first couple of months rereading the Dune Chronicles and pedaling my bike around like I was 12. I’ve since been sailing and dirt biking for the first time in my life. I visited family in a far flung state and an old buddy in Bavaria.
I have only nibbled at my honey-do list, but I feel fine about that (mostly). My next steps are to buy season ski tickets, make holiday plans, and buy another motorcycle.
The verdict is in, I was born to be a man of leisure. Hopefully I don’t have to go back to full time ever.
I have only nibbled at my honey-do list, but I feel fine about that (mostly). My next steps are to buy season ski tickets, make holiday plans, and buy another motorcycle.
The verdict is in, I was born to be a man of leisure. Hopefully I don’t have to go back to full time ever.
Good morning, cohort! And Season’s Greetings!
I see there are Political happenings in France and The RoK, so same as it ever was. But look at that S&P500! Has anyone shifted their goal yet? One Less Year, rather than omy?
It looks like I’m going to stay on my 2024 budget, but just barely. Big expenditures include trips to Cabo and Bavaria, and two road trips back to Iowa. I did manage to also buy three vehicles this year: old AWD minivan for camping, skiing and road trips; old DR650 motorcycle for trail riding and highway touring; and a 2T moped just for giggles. Wrenching on these bad boys will fill my weekends all winter, I expect. Hopefully I don’t buy anything else with a motor for years.
No big purchases planned for next year, except maybe a very nice and fancy kayak (my cheap inflatables are a chore to push through the water). The furnace and back deck keep getting older, so that might come up.
I hope everyone is doing well. I was expecting a bit more action on this thread, but perhaps no news is good news.
Cheers, Cohort!
I see there are Political happenings in France and The RoK, so same as it ever was. But look at that S&P500! Has anyone shifted their goal yet? One Less Year, rather than omy?
It looks like I’m going to stay on my 2024 budget, but just barely. Big expenditures include trips to Cabo and Bavaria, and two road trips back to Iowa. I did manage to also buy three vehicles this year: old AWD minivan for camping, skiing and road trips; old DR650 motorcycle for trail riding and highway touring; and a 2T moped just for giggles. Wrenching on these bad boys will fill my weekends all winter, I expect. Hopefully I don’t buy anything else with a motor for years.
No big purchases planned for next year, except maybe a very nice and fancy kayak (my cheap inflatables are a chore to push through the water). The furnace and back deck keep getting older, so that might come up.
I hope everyone is doing well. I was expecting a bit more action on this thread, but perhaps no news is good news.
Cheers, Cohort!
Still on target for 2030, will have a total of 13 years of college spread over eight years to help with at that time. Our investments have had a nice run-up over the last decade and if this keeps up, I'll be able to better help my kids with their college costs.
c4t3rp1ll4r
Dryer sheet wannabe
- Joined
- Jun 10, 2023
- Messages
- 16
Just chugging along here. We hit a million in invested assets back in October, then dropped back under by the time it came time to do November's net worth statement. Back over it by December 1st though!
Lewis Clark
Thinks s/he gets paid by the post
- Joined
- Aug 2, 2018
- Messages
- 1,234
You may want to consider an expensive inflatable. After 4 years I still love our Sea Eagle RazorLites.
Sea Eagle 393rl 1 person Inflatable Kayak. Package Prices starting at $999 plus FREE Shipping
Find out why the world's 1st and only high performance all drop stitch high pressure inflatable kayak is also the fastest! Super sleek and light solo RazorLite!
www.seaeagle.com
Harpy Eagle
Recycles dryer sheets
I am planning on the class of 2029, though I am not really FIRE as it will not be early, I will be 65. The wife and I got a late start but we are catching up!
Am thinking of joining this thread (OK, just did...). I lost my glamourous tech start-up job earlier this year. That was the catalyst for joining this Forum. Unlike most here, I have no spouse, no children, no house, and little "human capital" left... but a portfolio of some modicum of merit, and some pension-prospects later in life. 2030 would put me at the age where I would have been retirement-eligible, had life not thrown the proverbial curve ball, now nearly a decade ago; thus the appeal. Until then, the strategy is "Barista FIRE", where instead of slinging coffee, I am a flunky on a college campus, giving lecture and encouraging the students to not follow my own paths in life.
5-6 years into the future is a languidly long time. Who knows, what would happen by then? Would we even be alive? But one has to plan, doesn't one? The psychology of planning, much aligns, with the psychology of just existing. Here we are. What else could we do?
5-6 years into the future is a languidly long time. Who knows, what would happen by then? Would we even be alive? But one has to plan, doesn't one? The psychology of planning, much aligns, with the psychology of just existing. Here we are. What else could we do?
That’s a nice looking boat and certainly better than what I have in my garage. I will certainly consider it.You may want to consider an expensive inflatable. After 4 years I still love our Sea Eagle RazorLites.
Sea Eagle 393rl 1 person Inflatable Kayak. Package Prices starting at $999 plus FREE Shipping
Find out why the world's 1st and only high performance all drop stitch high pressure inflatable kayak is also the fastest! Super sleek and light solo RazorLite!
But I sort of have my heart set on a closed deck, skin-on-frame, setup. It’d be half the weight, but storage will be a bigger headache.
Thank you! I haven’t looked into inflatables for a few years and I don’t remember coming across that model.
Happy New Year, all!
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