Hi - Today I notified my boss

FreeAtLast · 04-22-2008, 08:29 PM

That I will retire effective June 2008. I have been reading this form for the past few months and joined tonight. The "Just one more year" articles really helped me make the decision. I cut my hours down to 25/week about 3 years ago to have more time to take care of my 13 year old son. I was told on Friday that sales were down and there were a number of people being layed off and that I had to cut my hours futher and also cut the hourly rate. It is a small company and I am a programmer/analyst who often works from home. They have been flexible with my hours, however, no raises or bonus since I started there 5 years ago. I was hired at 78k then took a cut to 47k when I cut my hours. They wanted a 12k/year cut. That was it. I have no debt or mortgage and started on a 4% withdrawal of my investments in January.

bbbamI · 04-22-2008, 10:46 PM

Congratulations and kudos to you!

RunningBum · 04-22-2008, 10:56 PM

Congrats on being prepared and turning this into a plus rather than a hardship!

playaman · 04-22-2008, 11:01 PM

A wise decision for which you planted a firm base. Congratulations!

chinaco · 04-23-2008, 04:09 AM

Congrats. Well, some working stiff will be able to maintain their job (of half of it) since you FIRED.

FreeAtLast · 04-23-2008, 01:22 PM

Thanks to everyone for the welcome. I was not quite prepared at least mentally to leave, however, with the all the job cuts perhaps I saved someone else who really needed the job from being forced out the door.

MissParker · 04-23-2008, 03:08 PM

Good for you FreeAtLast!!! You may have been pushed a little earlier than you had planned but you were wise enough to be ready. I wish you well in your retirement.

Milton · 04-23-2008, 03:36 PM

Quote:

Originally Posted by FreeAtLast

I was not quite prepared at least mentally to leave, however, with the all the job cuts perhaps I saved someone else who really needed the job from being forced out the door.

That's the icing on the cake, and an excellent note to take your departure on. Good for you.

FreeAtLast · 04-29-2008, 06:07 PM

I found myself unretiring before I decided to leave. I will get my same old rate which will be about 30k/year for 15 hours of work per week plus the benefits that I got when I worked full time. Fully paid medical by the employer, 401k. Vacation/Sick.
I also can work from home much of the time doing computer programming which I like.
I have to at least give this a try.

Rambler · 04-29-2008, 06:45 PM

Quote:

Originally Posted by FreeAtLast

I found myself unretiring before I decided to leave. I will get my same old rate which will be about 30k/year for 15 hours of work per week plus the benefits that I got when I worked full time. Fully paid medical by the employer, 401k. Vacation/Sick.
I also can work from home much of the time doing computer programming which I like.
I have to at least give this a try.

FreeAtLast - sounds like they really wanted to keep you. I think I could stomach 15 hours a week, mostly at home, if I could get an offer like that. That's great, just for the bennies, especiallty healthcare. Are your hours fixed? or work when you want?

R

FreeAtLast · 04-29-2008, 06:59 PM

Rambler - My guess is that they will be flexible. I often have to do system maintenance in the evenings at home. It turns out they did want to keep me, but only a fraction of my time and I was ok to stay with the same rate and bennies but reduced my hours from 25 to 15.

Darryl · 04-29-2008, 07:09 PM

Would Rich refer to this as 63% retired?

04-22-2008, 08:29 PM	#1
FreeAtLast Dryer sheet aficionado Join Date: Apr 2008 Posts: 49	Hi - Today I notified my boss That I will retire effective June 2008. I have been reading this form for the past few months and joined tonight. The "Just one more year" articles really helped me make the decision. I cut my hours down to 25/week about 3 years ago to have more time to take care of my 13 year old son. I was told on Friday that sales were down and there were a number of people being layed off and that I had to cut my hours futher and also cut the hourly rate. It is a small company and I am a programmer/analyst who often works from home. They have been flexible with my hours, however, no raises or bonus since I started there 5 years ago. I was hired at 78k then took a cut to 47k when I cut my hours. They wanted a 12k/year cut. That was it. I have no debt or mortgage and started on a 4% withdrawal of my investments in January. Last edited by FreeAtLast; 04-22-2008 at 09:29 PM.

04-22-2008, 10:46 PM	#2
bbbamI Thinks s/he gets paid by the post Join Date: Dec 2006 Location: Dallas Vicinity Posts: 1,731	Congratulations and kudos to you! __________________ Sometimes my feelings are so hot that I have to take the pen and put them out on paper to keep them from setting me afire inside; then all that ink and labor are wasted because I can't print the results....Mark Twain

04-23-2008, 04:09 AM	#5
chinaco Thinks s/he gets paid by the post Join Date: Feb 2007 Posts: 2,827	Congrats. Well, some working stiff will be able to maintain their job (of half of it) since you FIRED. __________________ Disclaimer: I make no warranty or guarantee about the accuracy or completeness of this information. I am not a financial planner, my comments only represent my opinion.

04-23-2008, 03:08 PM	#7
MissParker Dryer sheet aficionado Join Date: Oct 2007 Posts: 34	Good for you FreeAtLast!!! You may have been pushed a little earlier than you had planned but you were wise enough to be ready. I wish you well in your retirement. __________________ I love mankind; it's the people I can't stand. - Linus Van Pelt

04-29-2008, 07:09 PM	#12
Darryl Recycles dryer sheets Join Date: Mar 2007 Posts: 324	Would Rich refer to this as 63% retired? __________________ Your focus determines your reality - Qui-Gon

04-22-2008, 10:56 PM	#3
RunningBum Full time employment: Posting here. Join Date: Jun 2007 Posts: 757	Congrats on being prepared and turning this into a plus rather than a hardship!

04-22-2008, 11:01 PM	#4
playaman Recycles dryer sheets Join Date: Feb 2005 Posts: 167	A wise decision for which you planted a firm base. Congratulations!

04-23-2008, 01:22 PM	#6
FreeAtLast Dryer sheet aficionado Join Date: Apr 2008 Posts: 49	Thanks to everyone for the welcome. I was not quite prepared at least mentally to leave, however, with the all the job cuts perhaps I saved someone else who really needed the job from being forced out the door.

04-29-2008, 06:07 PM	#9
FreeAtLast Dryer sheet aficionado Join Date: Apr 2008 Posts: 49	I found myself unretiring before I decided to leave. I will get my same old rate which will be about 30k/year for 15 hours of work per week plus the benefits that I got when I worked full time. Fully paid medical by the employer, 401k. Vacation/Sick. I also can work from home much of the time doing computer programming which I like. I have to at least give this a try.

04-29-2008, 06:59 PM	#11
FreeAtLast Dryer sheet aficionado Join Date: Apr 2008 Posts: 49	Rambler - My guess is that they will be flexible. I often have to do system maintenance in the evenings at home. It turns out they did want to keep me, but only a fraction of my time and I was ok to stay with the same rate and bennies but reduced my hours from 25 to 15.

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