I think I’m done rotating out of equities and into bonds, I moved another $50k this month. Just added it up, 24.5% bonds, that feels about right for now.
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You sure you won’t kick yourself for not hitting 24.6%?
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I’d have to check, I added another $1k in BND over the weekend, might be there!
Well, four years to go, @T-roy?
My company is getting ever closer to an IPO, I’ve been assuming a very low value here, but as we have grown I think it’s actually quite likely to be worth a significant amount. So I added a current estimate, and the ability to toggle it off or on. If we IPO at a decent valuation, I may be out of the game in more like two years.
Otherwise, probably still more like four years. Fingers crossed.
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Had lunch with a friend, and we were on the topic. His wife is a teacher and I found his views somewhat amusing in that he has sort of discounted her summers off over the past 20 years as a justification for him to retire 4-5 years before her. She will max out her pension in those years and they will be financially fine before then, but I think I might feel weird being retired that long before my partner.
Of course, I tell my SO this and she is like “just let me know 5 years ahead of time that way I can make director level and be the breadwinner and not have to give up anything”.
So yeah, I do need to move the discussion to something that is a little more serious beyond internet forum commentary at some point.
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We used to joke about retiring in a different country one day.
… I’ve been getting a little more interested in becoming an expat.
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You will have more headaches with taxes abroad, but its certainly possible.
We’re basically doing:
UK - Brazil - Portugal - Spain
Wife retires in 2 years (gold plated DB pension + investments) while I will continue to work in London and doing WFH abroad (we can do up to 2 months now) in Spain, Portugal, and Brazil.
This setup is not for everybody (can be a bit draining having to bounce from country to country and your SO has to really be onboard) but it gives you the benefit of quality of life (Spain/Portugal), and some interesting travel possibilities (Brazil, UK).
The limiting factor is usually language in these moves. Being able to speak multiple language fluently really opens up options in terms of where you can live when retired.
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Father in law plans to pass a substantial amount to wife as living inheritance. For now don’t plan to count it in our tally, but keep it notionally as inheritance direct to our kid.
If we were to keep it, it would be just enough to tip me into, why am I still working even territory, although my wife isn’t anywhere near that mindset.
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When I started thinking “why am I still working” it was only a few months before I decided on a retirement date. The first busy season or major annoyance at work really starts to push you out.
Maybe it’s just me but that kind of thinking was pretty similar to senioritis late in school.
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I get the attitude, and there.
A bit too risk adverse to feel I have enough money yet.
And I already take a couple of nice vacations a year, what will I do with the rest of my time
We oughtta make a thread. I am also moving my thoughts in this direction. Now I’m considering that leaving the US for my retirement years is not a wildly outlandish idea.
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Yeah, teachers are get a lot, and I mean A LOT, of subtle little beni’s that make for a sweet deal. I can see where a spouse might want a “balancer” like earlier retirement.
Between making that post and now, I spoke with Partner more seriously. They are the one who’s multiple times brought up moving out of country more imminently, but always with a solid degree of joking in there.
We’re on a similar wavelength. We don’t want to leave the US behind, but it’s a serious possibility. Still thinking during retirement… but there is a world where I find work elsewhere earlier and enjoy an expat CoastFIRE.
In exchange, they get to work with bratty kids pretty often.
I’m not sure how many teachers would characterize their job as a sweet deal.
I’m also not sure if summers count as off. It depends how much of a courseload there is to prepare and how much time grading takes during the school year.
Also, in a two-earner household where the wife is the teacher and the husband is the primary wage-earner, I find that in my experience the wife is also doing much more around the house than the husband.
Very true. I was making a similar point to my dad a few weeks ago who was saying how my cousin (a teacher) was going to have such a sweet retirement plan. My point was "yeah, I get the same the world of corporate finance, the only difference is I get a much larger salary and then have to make the decision to save the difference for retirement rather than spending it all each year.
Although the tradeoffs between a couple seem different and hopefully they are on the same page with this plan.
Those all sound like choices they made.
Undoubtedly. I completely agree. And dealing with 1) under-involved parental situations and 2) over-involved parental situations can be just as bad as dealing with difficult students. I have 2 teachers in my family. I hear all about the issues.
On the flip side, it’s not a full time job like my job is a full time job. Summers off. 2 Weeks at Christmas. Spring break. Days often end at 3:00. And a lot of the prep work is 100% recyclable year after year after year. And I just found out that one teacher in my family is going to able to retire 2 whole years early because of accrued sick leave that never expires in her 6 figure tenured, union dominated, collectively bargained, position teaching HS.
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My uncle did this, might have even been three years. He was a principal, so I’m guessing he made decent enough money. Sweet deal if you can get it.
Then again, I have made enough money (and saved some) that I’m in this thread, hoping to retire a dozen years early, so.
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I don’t begrudge any teacher their pension plan. I’m sure teachers retiring today have a nicer setup than those joining the workforce today, but I see my teacher friends making perhaps 20-35% of what I do and… they can have the pension, and an easier time in the summer.
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But if you have neither the teacher pension, nor the 90k SUV, how can you be deemed successful?
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