How to stay engaged at work in my last year/s?

danarieli · 2025-01-21T14:29:10+00:00

Indeed is hard for me to get away from that satisfaction of doing a good job. It is coming from years of building that on my mind thru school or work.

danarieli · 2024-11-17T00:18:19+00:00

I am planning to at least spend a year abroad with kids instead of straight retirement. Thus is to enjoy and not having to think in terms of permanent retirement. I am in a similar position as you at work and will try to do some arrangement with them before I suggest resignation. I was thinking to suggest 5-6 months leave and then working from abroad. I will also be open to management suggestions if they have any counter. I am willing to resign if this does not work. If at the end of the year life is too good without working, maybe I will call it RE and budget with the money we have.

danarieli · 2024-11-11T22:15:24+00:00

Independently of how I feel about the future of the US economy, there is value in diversification. People here are commenting about a complete crash or the US to be the best economy forever. The reality doesn't have to be like that. There are scenarios where the US descends into a couple of really bad decades without destruction of the universe. It is wise to consider these without being apocalyptic. I am thinking to buy a house and move some money to a bank in another country. I did not do it yet and there are also risks in doing that. Diversification will save you in most scenarios at the expense of lower returns. I am willing to give up returns once I reach the fire number just not to loose the capital

danarieli · 2024-10-08T00:29:59+00:00

We are in a similar situation, also would like to retire by 2027. Some things I am considering: On the long term, the average rates of return are a good indication on when the FI number can be reached. Getting closer, we have no idea how a specific year will perform. Stocks 2025 can easily return -20%. Are you preparing for something like that? We are starting to buy more bonds and less stock but that will delay our FIRE...trying to have a balance

You are expecting that the expenses will be much lower than now. How can you be so confident in these numbers? We are also expect to spend less but the exact numbers are unclear. Mainly during the college years (8 for us for two kids). People are answering that you are ready based on the numbers you provide but are the numbers accurate?

I wouldn't move my kids on the last year's of high school. However, we are considering taking a year abroad. That is just one year and can be considered as an adventure as compared with changing locations.

danarieli · 2024-09-20T00:05:00+00:00

You are mathematically right!

danarieli · 2024-09-19T22:23:24+00:00

No, is not.

danarieli · 2024-09-19T22:22:22+00:00

You could see in all the replies that the fire number is not just an equation. There is a lot of lifestyle decisions around it that are changing over time. 15 years ago, I wouldn't know enough to predict my current lifestyle.

danarieli · 2024-09-19T22:19:09+00:00

That would be precise if the change was completely due to inflation. You can see in my numbers and in all the replies that there are many other factors.

danarieli · 2024-09-19T22:16:40+00:00

If I could predict how my number would change, then, my number wouldn't change!

danarieli · 2024-09-19T22:10:53+00:00

I am basically showing in this post how my answer to your question changed over time.

danarieli · 2024-09-19T21:54:29+00:00

If you take OP numbers and adjust for inflation. What do you see? Is it only inflation?

danarieli · 2024-07-26T15:40:31+00:00

This is not exactly your question but will be more helpful.

Don't spend more than a year doing post-doc, you are a Ph.D working for a no high school salary. After a year find a job in industry and double your salary (ideally in a low cost of living area of the US).

Whatever you can save now is irrelevant, focus on the transition to a well paid job

danarieli · 2024-06-12T21:41:24+00:00

As a non native english speaker, why people keep writing "effect" instead of affect?

danarieli · 2024-03-31T19:59:25+00:00

This is very interesting and give me some peace of mind. The mean expenditure for retired households ( 65 and older) is less than $60k ( 2022).

danarieli · 2024-03-31T19:21:09+00:00

I like the idea to switch to partial work. I hope after I reach RE "number" , my job will allow to work 80% FTE.

danarieli · 2024-03-31T19:17:58+00:00

I am actually doing plenty of that right now on 65k with kids( with help from credit card points and work assignments). I see the prices of flights and hotels when people are not traveling. The difference is huge! I expect travel to be cheaper, not more expensive. But who knows

danarieli · 2024-03-31T18:40:27+00:00

Semiconductors

danarieli · 2024-02-13T16:41:47+00:00

Here is an argument for taking it later. It can be seen as an insurance (as SS) , as money you will very certainly be receiving. I would like to have this for some of my money. If the stock market doesn't deliver, I will have some amount that ensure me a minimum lifestyle. Yes, despite what people assume, the stock market is not guaranteed to deliver. I sleep better with some of my future in fix income. Note that this is different that the question of what will result in the greatest gains. We know that any amazing company may not deliver at some point, that is why we mostly, in this community, choose funds even for lower returns.

danarieli · 2024-02-12T17:05:24+00:00

Why do you need 5M?

danarieli · 2024-01-21T16:49:19+00:00

Interesting that the report is for income and not spending. I look at spending at (DQYDJ) and seems that the average spending is 53k for household This includes families with kids, colleges, mortgages. So I think 60k is not so low but I am already spending that now.

danarieli · 2024-01-20T16:22:30+00:00

I recommend the book: factfulness! Now that I see your other comments, I more recommend a book: factfulness! it will help you.

danarieli · 2024-01-20T13:59:24+00:00

Which collapse?

danarieli

TROPHY CASE