Risk Management in Early Retirement

As our financial independence date draws closer, I have found the idea of taking the plunge into early retirement an interesting exploration of my risk tolerance.   Although information and education can influence one’s thinking, I believe a person’s tolerance for risk is very much a function of who you are.  Some people are natural risk takers, while others, like me, at least when it comes to money,  tend to err on the side of caution when given the opportunity.

In the early years of our journey to financial independence and retiring early (FIRE),  it has been easy for Mrs.… Continue reading

What’s a day worth to you?

Tiananmen Square Beijing- Entrance to the Forbidden City.

My marathon of travel has continued through May. One of the most enjoyable aspects of being an engineer is having the opportunity to solve problems. As I have moved up the ranks in my company, opportunities to personally lead difficult problem solving activities has decreased significantly, but on rare occasions, when the problem has large financial or customer implications, I get tapped on the shoulder to do my thing. For the last 6 weeks, that is exactly what I have been doing.

I originally traveled to Beijing for a quick three day stop to check-in on my team who was already on the ground troubleshooting the issue.… Continue reading

What will you do after retirement?

A few months ago I was at a work dinner with my boss and some executives from my company.  Over the course of dinner the discussion turned to the recent news that another executive had just announced his retirement at the tender age of 53 [Whoa.. so young.. bwah ha ha]!  At that moment I felt like the guy who needed to zip his mouth shut, apply a pad lock and throw away the key.

My boss (who is the same age as the guy retiring):  I just don’t know what I would do with all that time on my hands.… Continue reading