Nuiloa
Recycles dryer sheets
- Joined
- May 12, 2011
- Messages
- 496
I was in a rather strange position today. I had a co-worker come in to tell me he is retiring in a couple of months, at age 55 and.... I had to try to talk him out of it, even though I'm going to be bolting out the door on the very same day.
Circumstances are a bit different though - he's leaving because he has been transferred to a new position that requires him to actually work (he had an absentee boss, so he spent most of his time outside smoking).
By retiring at 55, he will take a 30% reduction in his pension, which will give him less than $1000/month after tax. He told me he doesn't have a lot of savings but he does live with a girlfriend who has taken a year off to live on a farm to help abused animals. He told me he just doesn't like having to work so hard so he wants out.
I tried to talk him into toughing it out for 5 more years, when his pension will increase substantially. Nope... he wants to be gone.
Idiot.
Circumstances are a bit different though - he's leaving because he has been transferred to a new position that requires him to actually work (he had an absentee boss, so he spent most of his time outside smoking).
By retiring at 55, he will take a 30% reduction in his pension, which will give him less than $1000/month after tax. He told me he doesn't have a lot of savings but he does live with a girlfriend who has taken a year off to live on a farm to help abused animals. He told me he just doesn't like having to work so hard so he wants out.
I tried to talk him into toughing it out for 5 more years, when his pension will increase substantially. Nope... he wants to be gone.
Idiot.