“One More Year” Giving Fund

With December being the “Giving” month, I thought folks might be interested in the backstory behind how we started on our “One More Year” giving fund.  Earlier this year, we pledged to save all of our paychecks over our final year of work to give away in early retirement to charity. The story started in March, when our family watched a powerful independent film called … Continue reading “One More Year” Giving Fund

Early Retirement FIRE Escape – 8 Month Countdown

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Mr. FireStation had a productive month at the office in July, but is now just 8 months from his planned early retirement on April 1, 2016.  While June was largely consumed by a preparing for and enjoying a two week family vacation, July was all about work and making some post-work plans.

Our nest egg was quite secure through July with year-to-date results continuing to grow.  The three numbers I follow are: 1) the SP500, which is up +2%; 2) the International EFEA Index, which is up +6%; and 3) my former MegaCorp stock, which is up +9%.  With all three numbers up (and stock option leverage on MegaCorp), I am quite satisfied with how 2015 is shaping up and no big concerns have emerged.  At the same time, we protected about 25% of our nest egg in cash & bonds (our bond fund is -1% for the year).  All together, I think our portfolio is up +7% for the year.  That’s about +2 pts better than the end of June. Continue reading “Early Retirement FIRE Escape – 8 Month Countdown”

Work “One More Year” – As A Gift To Charity?

I’ve always had this interesting thought about highly paid athletes that are financially independent and retire early from their careers: why don’t they work “one more year” and donate all of the money they earn their last season to charity? Wouldn’t that be a magnanimous gesture? Wouldn’t every fan and city they visited be excited by what the are doing? Obviously some athletes’ careers end … Continue reading Work “One More Year” – As A Gift To Charity?