lopakapence
Confused about dryer sheets
I am gainfully employed at a large aerospace company with great job security. They turned down my voluntary layoff application two years ago, and even created a new position for me recently. But corporate has just announced another voluntary layoff program again. They are offering me a bonus of 6 1/2 months pay to accept a layoff and have stated that they probably will not turn me down again, although they want me to stay. I have a 5 year old son, a 41 year old wife who is going to junior college to find out what she wants to be when she grows up. She sold her business 5 years ago and has not worked since. I am not sure the colledge will help her in the job market with all the space shuttle workers with advanced degrees around here that have just been laid off. I have around $650K in my 401 with most in bonds, mid cap, and foreigh investments. Retirement pay is around 40% of current pay. At 59 it will be 3 years till I can draw SSI. Not sure I should retire now or slug it out for three more years or wait until health forces me out. I am a diabetic and recovered (16 years) alcoholic. No life insurance to speak of with little chance of getting some. I do have health insurance from work but it will be around $1200 a month. I would like some dfferent points of view from retireees out there.