Welcome to Early Retirement Now

We are Early Retirement Now, or ERN, and right now we prefer to not give more information about our identities, except that we are a married couple with a young daughter. Papa ERN is in his early 40s and Mama ERN in her early 30s. We plan to  retire in 2018, so strictly speaking, our blog title is a bit of a misnomer because as of right now we’re not actually retired. Extreme retirement planners that we are, planning ahead two years is nothing, considering that retirement has been on our minds for decades already. Seeing that a lot of other early retirement blogs are from already retired, established and successful bloggers, we decided to start our blog early to follow our journey through the last few years before retirement and then (hopefully) many decades or retired life.

Currently, nobody knows about our plan to retire early. Not our relatives, not our friends and, most importantly, not Papa ERN’s employer. You see, Papa ERN works in finance and likes to cash in on at least two more annual bonus payments. Sending a signal to your employer that you are contemplating an early exit would be detrimental to future pay raises, promotions and bonuses. Once we go public, in early 2018, you will see more of us!

Our current situation

We live in one of the large coastal metro areas where real estate prices are insane. Luckily, we own a nice large condo in town that we bought many years ago. Our mortgage payment may seem high almost anywhere else in the country, but it’s so low in our current location, you probably couldn’t rent a 600 square foot one bedroom apartment for that right price now.

Papa ERN works full-time in the asset management division for a large bank. Mama ERN used to work in the healthcare field but decided to stay home and care for our daughter. Currently we have accumulated enough assets to fund a comfortable retirement at a 4% withdrawal rate. Why not just call it quits now? Very simple, Papa ERN is old enough to have lived through two stock market crashes in 2001 and 2008/9 and thinks that it’s wise to milk his salary and Wall Street bonus gravy train for a little longer. Besides, Papa ERN still enjoys his job and we still like living in our current location, knowing that in retirement we should move to a less expensive locale.

Our Blog

In the large spectrum of existing Early Retirement blogs, where is our niche? We hope that people will enjoy our views on anything financial. Sometimes we read other blogs and we have something intelligent and new to say, but by posting in the comments section, not many people will get to see it. That’s another reason to start this blog to share our views with a hopefully larger audience and to get feedback and suggestions for our journey to Early Retirement.

More details and analysis coming soon, please come back!