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Old 05-25-2015, 10:55 PM
 
Location: Albuquerque NM
1,662 posts, read 1,529,751 times
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Many of the software engineers on the er forum live in the Bay Area or Southern California. Besides having substantial investments at a relatively early age, they generally bought a home years ago that is now worth quite a lot and will help in their early retirement if they relocate. But taxes are low with Proposition 13. Seattle is another popular area on the forum.
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Old 05-25-2015, 11:14 PM
 
1,734 posts, read 1,951,663 times
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Quote:
Originally Posted by ABQ2015 View Post
Many of the software engineers on the er forum live in the Bay Area or Southern California. Besides having substantial investments at a relatively early age, they generally bought a home years ago that is now worth quite a lot and will help in their early retirement if they relocate. But taxes are low with Proposition 13. Seattle is another popular area on the forum.
- sorry to be dull here. What is the "er" forum, please? Thanks.
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Old 05-25-2015, 11:54 PM
 
14,266 posts, read 24,016,895 times
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Quote:
Originally Posted by mysticaltyger View Post
Yep. Few early retirees hit all of them to a T, but I do think most early retirees hit 8 out of 10, especially those who retire at age 50 or younger.

Health care is a nightmare, but most early retirees do everything they can to mitigate those costs by eating healthy and exercising regularly. It's certainly not a guarantee, but healthy lifestyles most definitely stack the odds in one's favor.

Even with healthy lifestyles, the insurance is a bear. And healthy lifestyles also can present other issues - knee and hip replacements.
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Old 05-26-2015, 12:12 AM
 
2,043 posts, read 1,952,633 times
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Quote:
Originally Posted by mysticaltyger View Post
I don't think an inheritance has to be involved. The common threads I see from early retirement bloggers:

--Often are engineers/computer programmers...Folks in this profession have a certain personality type that allows them to not care about what other people think and understand the difference between true needs and wants. YEP

--Above average, but not necessarily fabulous, incomes. YEP

--Often are part of 2 income couples. YEP

--With the exception of very high earners in finance, they usually don't live in the highest cost metro areas (SF, NYC, DC, Boston, LA). NOPE

--Often don't have any kids, or have only one. And the kid was planned, not an "accident". YEP

--Divorce & out of wedlock child bearing are very uncommon among this group. YEP

--Often ride bikes or share one car (usually bought used and driven until it's not worth fixing) between two earners. YEP ONE CAR THE LAST FIVE YEARS

--Try to live as close to work as possible so they're not car dependent. YEP

--Usually are homeowners but they live in smaller living quarters than most people of the same age and income level (i.e. they bought much less house than the bank said they could afford). YEP

--They tend to shun or at the very least, de-emphasize what's going on in pop culture and they do not spend a lot on concert tickets, eating out, etc. A fair number don't have TVs or at the very least don't have cable. YEP BUT HAVE CABLE TV

--The above lifestyle choices, combined with above average incomes allow them to save 50% or more of their after tax incomes which results in early financial independence.
YEP

very accurate IMHO
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Old 05-26-2015, 12:56 AM
 
26,148 posts, read 28,542,050 times
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Originally Posted by jrkliny View Post
I though I was the only one with relatives that very, very closely match your description. I guess I should have known better but I thought they were unique.
Very early retirees (age 50 or younger) are a unique subset of the population. I like to think their numbers are growing, but if they are, it's from a very small base.
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Old 05-26-2015, 01:01 AM
 
26,148 posts, read 28,542,050 times
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Quote:
Originally Posted by jlawrence01 View Post
Even with healthy lifestyles, the insurance is a bear. And healthy lifestyles also can present other issues - knee and hip replacements.
If it's an activity that requires a knee or hip replacement, then I don't consider it healthy. And a lot of those knee and hip replacements can be a result of obesity, too; so it cuts both ways.

I do agree insurance is a nightmare...just saying it's not completely out of one's control. Unfortunately, the poor lifestyle habits of the majority help to jack up the cost of health care, not to mention our health care system which combines the worst aspects of both crony capitalism & socialism...but that's a whole other discussion.
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Old 05-26-2015, 01:04 AM
 
26,148 posts, read 28,542,050 times
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Quote:
Originally Posted by fumbling View Post
YEP

very accurate IMHO
I know because I read lots of early retirement blogs .

Here is one of the better short articles on the subject that also features a few people with fairly modest incomes as well as a few above average, but not exceptional, earners:

http://finance.yahoo.com/news/extrem...125900782.html

If I had an engineer's income, I'd be in that group myself. But alas, I was aimless in college and chose my major/job/profession poorly, and while I'm not a slacker, I'm not a "go getter", either.

Last edited by mysticaltyger; 05-26-2015 at 01:15 AM..
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Old 05-26-2015, 01:20 AM
 
26,148 posts, read 28,542,050 times
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Oh, and I like how this blog mentions there are really 4 different types of retirement and she objectively lays out the pros and cons of each type:

The 4 Awesome Types of Retirement | Afford Anything
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Old 05-26-2015, 06:29 AM
 
Location: Phoenix, AZ > Raleigh, NC
15,093 posts, read 19,047,678 times
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Quote:
Originally Posted by mysticaltyger View Post
.

. . . most early retirees do everything they can to mitigate those costs by eating healthy and exercising regularly. It's certainly not a guarantee, but healthy lifestyles most definitely stack the odds in one's favor.
Please, provide proof of that statement. I think it's baloney.
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Old 05-26-2015, 07:14 AM
 
Location: Chapel Hill, NC, formerly DC and Phila
8,569 posts, read 12,685,046 times
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Quote:
Originally Posted by jane_sm1th73 View Post
- sorry to be dull here. What is the "er" forum, please? Thanks.

I'm going to guess and say the "Early Retirement" forum.
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