After that, I ended up working 3 more years and then consulting for another 3. When I got close to thinking I was ready to wrap it up, I looked to see if the numbers worked. If someone is basing their 'number' on an already conservative withdrawal rate like 4%, why should they keep working another five years after they reach this number? They want insurance on top of insurance? The steps of my OSWAN plan are listed below, obviously this plan is not for everyone for an assortment of reasons but I would appreciate feedback from those who have stayed in the workplace even after achieving Financial Independence.ġ) You should schedule your retirement date for 5 years after you hit your number (probably 3-5 years is fine)Ģ) You should adjust your AA to the most conservative level you plan to hit the month after hitting your number (this excludes the AA you could have when you believe you have less than 10 years remaining)ģ) All additional contributions to your retirement accounts should be at an aggressive AA between 70/30 and 100/0 giving you the strong possibility of a rising glidepath over the last 5 years of your worklifeĤ) For the remainder of your worklife you do not rebalance one dime out of equities since you have hit your number, your AA is set at most conservative level your plan to have, your expenses are covered by your salary and are continuing to make retirement contributions that in theory are in excess of your needĥ) You have a minimum of 10 years of expenses in low risk Fixed Income assets on the day you retire (the number of years could be higher for those who retire very early in life) Having had this experience I have come up with some thoughts about what might be an Optimum Sleep Well At Night retirement plan for those who don't feel the need to check out the day they hit their number.
#Oswan ortiz plus#
As of this post, I am sitting at 139% of my number plus I have cut 33 months off the length of my potential retirement (I consider that a plus, others I am sure will see it as a minus). I finally decided to do OMY twice and now have permanently put retirement on hold while I focus on the fact I am Financially Independent.
Just as a matter of background I hit my number, actually 102.3% of my number, on and struggled with the decision on whether or not to retire for many months.
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