Hello all!
I've been posting more on Bogleheads.org than here, but would love to have more conversation here ?.
Seems we've recently passed some financial milestones which make me happy:
- Reached around 27X expenses in our investable portfolio. Roughly $100k expected retirememt expenses. I think this means we're close or at FI.
College roughly funded for 2 years for our two kids, 11 and 13
- Expenses have dropped (paid off house last month, and only one private school payment now!)
So, financially wise I think we're on a solid path. However, I'd love to hear from others on non-financial plan below:
We're mid forties, planning to work 5 to 8 more years. This will mean our kids will largely be done with school, and be in college.
One dealbreaker for me, is I want 100% of my time. I.e. I don't want to be tied to school schedules I'm ER. I'd rather plod on with my pretty easy (for now) job, until kids are out of the house.
I think it makes sense for wifey and I to retire at roughly the same time. My current thoughts are:
1. I'd love to do nothing for a month!
2. We'd like to take some trips around 6 weeks in length.
3. I want to spend more time on my health. I know, no time like the present and we are making steps. Just want health to become the top priority in ER.
4. I'd like to get bored, a bit. Find new hobbies etc.
5. Potentially find a fun part time job, if I want. Something not in front of a screen. E.g. work at a winery, become a sommelier, local park etc etc.
6. Drop thus job whenever we want, for more travel fun etc.
7. Hopefully be able to do this for a good few years in our 50s
8. Support our parents as they age
9. Support kids as they navigate college, relationships, jobs etc.
Just read die with zero, which largely resonated with me. So u I know this is the right forum to ask this question. Anyone gone thru the above FIRE lifestyle or planning to? Would love to hear new perspectives!
Cheers.
I've been posting more on Bogleheads.org than here, but would love to have more conversation here ?.
Seems we've recently passed some financial milestones which make me happy:
- Reached around 27X expenses in our investable portfolio. Roughly $100k expected retirememt expenses. I think this means we're close or at FI.
College roughly funded for 2 years for our two kids, 11 and 13
- Expenses have dropped (paid off house last month, and only one private school payment now!)
So, financially wise I think we're on a solid path. However, I'd love to hear from others on non-financial plan below:
We're mid forties, planning to work 5 to 8 more years. This will mean our kids will largely be done with school, and be in college.
One dealbreaker for me, is I want 100% of my time. I.e. I don't want to be tied to school schedules I'm ER. I'd rather plod on with my pretty easy (for now) job, until kids are out of the house.
I think it makes sense for wifey and I to retire at roughly the same time. My current thoughts are:
1. I'd love to do nothing for a month!
2. We'd like to take some trips around 6 weeks in length.
3. I want to spend more time on my health. I know, no time like the present and we are making steps. Just want health to become the top priority in ER.
4. I'd like to get bored, a bit. Find new hobbies etc.
5. Potentially find a fun part time job, if I want. Something not in front of a screen. E.g. work at a winery, become a sommelier, local park etc etc.
6. Drop thus job whenever we want, for more travel fun etc.
7. Hopefully be able to do this for a good few years in our 50s
8. Support our parents as they age
9. Support kids as they navigate college, relationships, jobs etc.
Just read die with zero, which largely resonated with me. So u I know this is the right forum to ask this question. Anyone gone thru the above FIRE lifestyle or planning to? Would love to hear new perspectives!
Cheers.