Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
How to leave current job?
Old 09-22-2005, 07:11 PM   #1
Confused about dryer sheets
 
Join Date: Aug 2005
Posts: 7
How to leave current job?

Looking at Firecalc I should be financially able to retire now at age 50.

My current employer has me on a 90 day probation. I most likely will be let go in two weeks. Should I wait and be fired and collect some unemployment and then retire or...

Wait and see, maybe I won't be fired, collect my bonus, a few more paychecks... or

Hand in my resignation and quit on my own terms?

It's a 20K delta, between resigning and being fired. I just hate the thought of being fired instead of retirement on my terms.

Anybody go through this?
__________________

__________________
------------------------------------------------<br />Dogs Bark, But the Caravan Moves On<br />------------------------------------------------
DogsBark is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: How to leave current job?
Old 09-22-2005, 07:14 PM   #2
Thinks s/he gets paid by the post
 
Join Date: Dec 2002
Posts: 3,875
Re: How to leave current job?

Quote:
Originally Posted by DogsBark
Looking at Firecalc I should be financially able to retire now at age 50.

My current employer has me on a 90 day probation.* I most likely will be let go in two weeks.* Should I wait and be fired and collect some unemployment and then retire or...

Wait and see, maybe I won't be fired, collect my bonus, a few more paychecks... or

Hand in my resignation and quit on my own terms?

It's a 20K delta, between resigning and being fired.* I just hate the thought of being fired instead of retirement on my terms.

Anybody go through this?
I have but I had an advantage..............I never worried about being fired
and I loved collecting UC benefits. Thus, it would an easy decision
for me.

JG
__________________

__________________
MRGALT2U is offline   Reply With Quote
Re: How to leave current job?
Old 09-22-2005, 07:17 PM   #3
Recycles dryer sheets
 
Join Date: Oct 2004
Posts: 408
Re: How to leave current job?

Heck to me it sounds like if your fired and get to collect unemployment then you get to have the last laugh.

It's all a matter of perspective.

Good luck with your decision.

LL
__________________
LovesLife is offline   Reply With Quote
Re: How to leave current job?
Old 09-22-2005, 08:44 PM   #4
Full time employment: Posting here.
 
Join Date: Sep 2002
Posts: 506
Re: How to leave current job?

If you know you may be leaving either way I say hang in there and take their $$$.

JDW
__________________
JDARNELL is offline   Reply With Quote
Re: How to leave current job?
Old 09-22-2005, 11:00 PM   #5
Full time employment: Posting here.
bosco's Avatar
 
Join Date: Jul 2005
Posts: 987
Re: How to leave current job?

Go for the UC!!

What have you really got to lose? Who do you need to impress? The bozos that might fire you?

Is there any reason you can't retire on your terms AFTER collecting the UC? Sounds like the terms are a bit better--to the tune of 20k.

__________________
I have an inferiority complex, but it's not a very good one.
bosco is offline   Reply With Quote
Re: How to leave current job?
Old 09-23-2005, 05:41 AM   #6
Recycles dryer sheets
 
Join Date: Oct 2003
Posts: 175
Re: How to leave current job?

Don't hand in your resignation. Why would you do so? The only thing you get out of it is a 5 minute feeling that you told them to shove it instead of they told you. Not worth the 20K. Once you are out of the door, nobody remembers you even a week later. Take the unemployment and free money!

Vicky
__________________
vic is offline   Reply With Quote
Re: How to leave current job?
Old 09-23-2005, 06:14 AM   #7
Moderator Emeritus
Martha's Avatar
 
Join Date: Feb 2004
Location: minnesota
Posts: 13,211
Re: How to leave current job?

Whe I was in management I sometimes agreed to allow employees to save face by resigning instead of being terminated. I agreed not to object to their collection of unemployment benefits.

Don't forget that to get UE benefits you need to be actively looking for work.



__________________
.


No more lawyer stuff, no more political stuff, so no more CYA

Martha is offline   Reply With Quote
Re: How to leave current job?
Old 09-23-2005, 06:53 AM   #8
Thinks s/he gets paid by the post
retire@40's Avatar
 
Join Date: Feb 2004
Posts: 2,669
Re: How to leave current job?

Quote:
Originally Posted by DogsBark
My current employer has me on a 90 day probation.
Probation? Sounds more like you're in jail than at work.

Anyway, I would do whatever gives you the maximum dollar benefit. I quit a couple of jobs, but I never got fired and I never collected unemployment benefits in my life and probably never will, but I know I would enjoy getting free money.

Wow, being at work for a "boss" and being put on "probation". If that doesn't give you the heebie-jeebies, I don't know what will.
__________________
No man is free who is not master of himself. --- Epictetus
Enjoy Yourself (It's Later Than You Think). --- Guy Lombardo
retire@40 is offline   Reply With Quote
Re: How to leave current job?
Old 09-23-2005, 07:21 AM   #9
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
brewer12345's Avatar
 
Join Date: Mar 2003
Posts: 15,890
Re: How to leave current job?

If it were me, I would stick around, hoover up all the cash I could get, and not worry too much about what my former employer thought since I wasn't planning on finding another job anyway. There is a famous quote by someone whose name escapes me that I think really applies here:

"Living well is the best revenge."

Have you thought about how you will spend your time once you retire? That'd be of more interest to me that what my former employer thought.
__________________
"Neither my companion or I carry firearms on our persons. We depend on the goodwill of our fellow man and the forbearance of reptiles."


- English Bob
brewer12345 is offline   Reply With Quote
Re: How to leave current job?
Old 09-23-2005, 07:38 AM   #10
Full time employment: Posting here.
 
Join Date: Mar 2005
Posts: 557
Re: How to leave current job?

No question.
Stick around, wait out the probation. If they are going to fire you, let them do so and collect the unemployment.

If you need a good recommendation from them, for whatever reason, the negotiate that, but otherwise, go for the unemployment.

Note: winter is a good time to be on unemployment, I hear its warm and sunny in Florida!
Uncledrz
__________________
uncledrz is offline   Reply With Quote
Re: How to leave current job?
Old 09-23-2005, 08:04 AM   #11
Thinks s/he gets paid by the post
 
Join Date: Dec 2002
Posts: 3,875
Re: How to leave current job?

Quote:
Originally Posted by Martha

Don't forget that to get UE benefits you need to be actively looking for work.

Technically yes, but so many people "work" around this it's almost a joke.

JG
__________________
MRGALT2U is offline   Reply With Quote
Re: How to leave current job?
Old 09-23-2005, 08:13 AM   #12
Thinks s/he gets paid by the post
SteveR's Avatar
 
Join Date: Jul 2005
Posts: 2,803
Re: How to leave current job?

It sounds like management has you in their sights. Being on a 90 probation usually means that you are expected to "improve" whatever they see as negative in your job around to 100% positive in that time period or they can then fire you. Most employers are pretty cautious about firing people because of labor relations lawsuits. They generally have to take several months to build a case around you that will hold up in court. The only way they can do this is by documenting several instances of failue to follow work expectations. This works both ways however, since this also give you time to consult with a lawyer and to counter document their actions against you. If they have a valid case then you are screwed. If they have a weak case then you may have some recourse but only a lawyer can tell you that or not.

As for the money....what is the nature of the $20K delta? Is this a sure thing or just a possibility if you make it for the full 90 days? Do you want another job or do you plan one ER? What you do will be dependent on what you want to do from here on.
__________________
Work? I don't have time to work....I'm retired.
SteveR is offline   Reply With Quote
Re: How to leave current job?
Old 09-23-2005, 08:45 AM   #13
Thinks s/he gets paid by the post
maddythebeagle's Avatar
 
Join Date: Jun 2005
Posts: 2,450
Re: How to leave current job?

Quote:
Technically yes, but so many people "work" around this it's almost a joke.
Yes, just apply for a job at "Vandalais Industries". Come to think of it, George had several times where he purposely got himself fired. Maybe that is a good plan for all that are thinking of FIRE to get the "20k delta".
__________________
- Hurry! to the cliffs of insanity!
maddythebeagle is offline   Reply With Quote
Re: How to leave current job?
Old 09-23-2005, 11:10 AM   #14
Thinks s/he gets paid by the post
 
Join Date: Jun 2005
Posts: 4,005
Re: How to leave current job?

How one might get around the "actively searching for work" requirement that everyone abuses. Email two resumes a week to potential employers and act like a jack-ass on the phone with potential employers in the event they call to schedule an interview. Guaranteed way to never get hired anywhere.
__________________
justin is offline   Reply With Quote
Re: How to leave current job?
Old 09-23-2005, 12:08 PM   #15
Recycles dryer sheets
 
Join Date: Jan 2004
Posts: 159
Re: How to leave current job?

Or apply for jobs that pay twice what you make now and for which you are clearly not qualified. They almost certainly won't hire you, but if they do you get double the money!!!

malakito
__________________
malakito is offline   Reply With Quote
Re: How to leave current job?
Old 09-23-2005, 12:56 PM   #16
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,563
Re: How to leave current job?

Quote:
Originally Posted by DogsBark
Wait and see, maybe I won't be fired, collect my bonus, a few more paychecks...
From the other posters' experience to date, you lose nothing by waiting. One of the recent ERs was ready to hand in his resignation when they let him go with a nice severance package.

You'll either survive this experience and retire afterward on your own terms, or you'll enter ER a little earlier with more cash in your pocket. Don't get hasty!
__________________
*
*

The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
Nords is offline   Reply With Quote
Re: How to leave current job?
Old 09-23-2005, 01:16 PM   #17
Thinks s/he gets paid by the post
 
Join Date: Feb 2003
Location: Mesa
Posts: 3,588
Re: How to leave current job?

Quote:
Originally Posted by Martha
. . .
Don't forget that to get UE benefits you need to be actively looking for work.

While this is true in some sense, it doesn't mean what sensible people might think it means. In order to have an enforcible law, "actively looking for work" has to mean something very specific. It turns out that in most states it means you have to send out two resumes or talk to a couple of potential employers each week. You get to choose who to talk to or where to send the resumes.

In reality, the only check on whether you do this or not is your answer to a question from the authorities each week. Many states make the questions available to you over the internet or via an automated phone system. So once a week you have to call or log on and say "send me the money." My guess is that a lot of people don't even send out two resumes and simply lie. As far as I can tell, states do nothing to try to discover the truth. It probably would cost them more to expose fraud than it costs them to simply pay the benefits.
__________________
sgeeeee is offline   Reply With Quote
Re: How to leave current job?
Old 09-23-2005, 03:06 PM   #18
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Brat's Avatar
 
Join Date: Feb 2004
Location: Portland, Oregon
Posts: 5,679
Re: How to leave current job?

While you are pondering what you expect to be your exit start gathering names and contact information of those individuals you may want to use as references in the future.

Similarly, if you think you will need information from your office for employment leads gather that now.

Make a copy of 'thank you's, and 'good job' documents and the like.

Plan on the fact that just before they hand you termination notice they will lock you out of the network.* This is a normal security action, it has nothing to do with your character.. but you won't be able to get to your address book.

Take home personal documents, disks, that are personal property.

Address performance issues if you can or care to. OP:
Quote:
My current employer has me on a 90 day probation.* I most likely will be let go in two weeks.
__________________
Duck bjorn.
Brat is offline   Reply With Quote
Re: How to leave current job?
Old 09-23-2005, 03:23 PM   #19
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,563
Re: How to leave current job?

Quote:
Originally Posted by Brat
Address the performance issues.
What "performance issues" would an early retiree give a shi! about?

Oh, I see, you mean like "have a good attitude." Sure.
__________________
*
*

The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
Nords is offline   Reply With Quote
Re: How to leave current job?
Old 09-23-2005, 03:35 PM   #20
Thinks s/he gets paid by the post
 
Join Date: Dec 2003
Posts: 1,375
Re: How to leave current job?

Quote:
Originally Posted by Nords
What "performance issues" would an early retiree give a shi! about?

Oh, I see, you mean like "have a good attitude."* Sure.
Nords:* Just off the top of my head, there are quite a number of "performance issues" to contend with for early retirees:

Maintaining a low handicap in golf,
Choosing the right "pattern" for fly-fishing,
and last, but not least, there is a little blue pill that takes care of the most important "performance issue". (Although, this may be redundent, as Brat may have already addressed this in her post. )

__________________

__________________
Jarhead* is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Job Dilemma...which one to take? Calgary_Girl Young Dreamers 16 06-30-2006 04:24 PM
Ouch, thought I had a new govmint job! Bimmerbill Other topics 6 05-01-2006 09:55 AM
Leave my night job? UPDATE: gtmeouttahere Hi, I am... 13 04-10-2006 06:38 AM
New Job? SteveR Other topics 16 12-14-2005 02:19 PM
Advice: which job to take? soupcxan Young Dreamers 23 11-19-2004 10:23 PM

 

 
All times are GMT -6. The time now is 07:30 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.