Join Early Retirement Today
View Poll Results: Unemployment history prior to retiring:
I had an unbroken employment record - never went without a paycheck. 94 62.67%
I had some period(s) of unemployment - total of 6 months or less. 30 20.00%
My time of unemployment totaled between 6 months and a year. 10 6.67%
My total time of unemployment was more than a year. 16 10.67%
Voters: 150. You may not vote on this poll

Reply
 
Thread Tools Search this Thread Display Modes
Old 05-01-2014, 11:36 AM   #21
Moderator
rodi's Avatar
 
Join Date: Apr 2012
Location: San Diego
Posts: 8,817
I collected unemployment twice in my career - both times for about 3 weeks... So I've been pretty steadily employed all of my adult life.

I did take an unpaid leave of absense for 12 weeks when I first got married - to travel with my new husband. But I was technically still an employee.

Also took 2 maternity leaves - one for 13 weeks, one for 12. Part of the time, in each case, disability was paid. And I was still an employee...

My husband has had big gaps in his employment through the years. He was laid off from a job in the 80's and bought a down-to-the-studs HUD auction and spent the down town rehabbing it. He also quit a few weeks before my job transferred me back to my home town - and took his time finding a new job. And again when his parents were in crisis and needed assistance.

Now he's the ultimate slacker - he retired a few months ago. Actually - I think he's working harder in retirement than he did as an employee - he's taking care of the kid schlepping AND doing all the home projects that have built up through the years.
__________________

__________________
rodi 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!

Old 05-01-2014, 12:24 PM   #22
Recycles dryer sheets
Jager's Avatar
 
Join Date: Jul 2012
Posts: 103
Was unemployed for fifteen months coming out of the dot-com crash. Incredibly anxious, worrisome time. Finances were devastated.

The only good that came from it was a taste of what retirement might be like. I used to always tell myself that if weren't for the money worries, and the hours spent every day looking for a job... it would be great.

In a few weeks I finally get to live that dream...
__________________

__________________
Jeff
Jager is offline   Reply With Quote
Old 05-01-2014, 01:06 PM   #23
Thinks s/he gets paid by the post
 
Join Date: Nov 2009
Posts: 3,867
After graduating college in 1985 at age 22, I held one job continuously until I retired in 2008 at 45.

I did not work continuously from when I got my first part-time, after-school job at 16 until I finished college. While I had jobs for each of the 3 summers between my 4 college terms, I did not always work during my college years. I did only a few hours of tutoring in my freshman year. In my sophomore year, I did more tutoring but also held two other part-time jobs in the second half of that year (one time getting paid for all 3 jobs in a single day!). In my junior and senior years I held one part-time job each time (a different job across the 2 years). Some jobs were off-the-book, cash jobs while others had a real paycheck. Some had SS taxes withheld, some not.

These odd jobs paid for my textbooks, Knicks games, train tickets, and lots of Ray's Pizza in those 4 years.
__________________
Retired in late 2008 at age 45. Cashed in company stock, bought a lot of shares in a big bond fund and am living nicely off its dividends. IRA, SS, and a pension await me at age 60 and later. No kids, no debts.

"I want my money working for me instead of me working for my money!"
scrabbler1 is online now   Reply With Quote
Old 05-01-2014, 02:21 PM   #24
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Jul 2003
Location: Kansas City
Posts: 7,408
Hmmm - will the last person leaving Seattle turn out the lights. Got a job in Denver six weeks later.

Fast forward 24 years - got layed off at the tender age of 49. Was an unemployed slacker for about a year.

Then silly me took some contract engineer(aka jobshopper) work for about a year in total.

THAT convinced me ER was waaaay cooler!

heh heh heh - been a high class ER ever since 20 yrs and counting although at 71 I am now a regular old phart.
__________________
unclemick is offline   Reply With Quote
Old 05-01-2014, 02:33 PM   #25
Moderator Emeritus
 
Join Date: May 2007
Posts: 11,044
I was unemployed for 3-4 months in 2002 after my very first employer went bankrupt during the tech crash. Unemployment was a huge blow to my ego and it was a rough time. But eventually it gave me the motivation to aggressively pursue FIRE because I really did not want to put up with this BS again.
__________________
FIREd is online now   Reply With Quote
Old 05-01-2014, 03:02 PM   #26
Moderator
Alan's Avatar
 
Join Date: Jul 2005
Location: Eee Bah Gum
Posts: 21,100
Lucky enough to be employed, paying the UK equivalent of SS taxes from age 16 and I never missed a day's pay from then until ER at age 55.
__________________
Retired in Jan, 2010 at 55, moved to England in May 2016
Now it's adventure before dementia
Alan is offline   Reply With Quote
Old 05-01-2014, 04:02 PM   #27
Dryer sheet wannabe
 
Join Date: Feb 2014
Posts: 18
I took a year off in my mid-20's to travel around North America with a girlfriend in her parents' motorhome (makes me smile just thinking about it). Other than that, I had steady employment until I retired at 54. Never used (or needed) unemployment benefits.
__________________
Valen is offline   Reply With Quote
Old 05-01-2014, 04:45 PM   #28
Dryer sheet wannabe
 
Join Date: Feb 2014
Location: Philadelphia
Posts: 16
I worked summers and weekends from 1965 to 1969 in hamburger joint and full time in government from 1969 to 2010 when I retired.
__________________
memejipakid is offline   Reply With Quote
Old 05-01-2014, 05:11 PM   #29
Recycles dryer sheets
ducky911's Avatar
 
Join Date: May 2010
Posts: 397
35 years

Graduated on a Friday and started work the following Monday.

6 employers. Only missed three days of work, but I had two weeks severance pay.

Drives me nuts when people say they can not find a job.
__________________
You've got to ask yourself one question: Do I feel lucky? Well, do ya, punk?
I hate (despise) loads and fees
Retired July '11 investments 55/45 in very low cost index and mutual funds, balance once a year at best.
ducky911 is offline   Reply With Quote
Old 05-01-2014, 05:44 PM   #30
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Mulligan's Avatar
 
Join Date: May 2009
Posts: 7,379
I had seven different jobs in same career over my 25 yr. working career. Never was without a job. I was fortunate and also subscribed to the theory the best way to get a new job, is to have a job already. It was harder to get a job while in college (early 80s recession) than out of college. I bothered the Safeway store manager once a week for almost a year until I got one of those sweet little union grocery store jobs that lasted me until graduation. Back then you could wear them down and they would hire you. Now they say apply online. I may have never got a job that way.


Sent from my iPad using Tapatalk
__________________
Mulligan is offline   Reply With Quote
Old 05-01-2014, 05:59 PM   #31
Recycles dryer sheets
Mo Money's Avatar
 
Join Date: Mar 2014
Location: .
Posts: 269
Started full time in 1986 and it's been a constant grind paycheck ever since.
__________________
“We always may be what we might have been.” -- Adelaide Anne Procter
Mo Money is online now   Reply With Quote
Old 05-01-2014, 06:06 PM   #32
Moderator
Walt34's Avatar
 
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 16,539
Only during college was I unemployed but looking for a job for a couple of weeks. Then during college I got a summer job with a national department store chain that also had a service department to repair appliances they sold. That turned into an evening part time job during the school months that kept me in gas money and the occasional date. After college I was full time there for almost a year before being hired by the police department. Last day was a Friday, started Monday with the PD. Retired from there after a bit over 29 years, goofed off for a few years, stumbled into another job for five years and when that went south I left.

Out of idle curiosity I occasionally look at the job ads but cringe at the thought of actually becoming a productive member of society again.
__________________
I heard the call to do nothing. So I answered it.
Walt34 is offline   Reply With Quote
Old 05-01-2014, 06:13 PM   #33
Thinks s/he gets paid by the post
 
Join Date: Mar 2009
Posts: 1,433
Started my first real job a couple of weeks before college graduation. I have been fortunate enough to never have been unemployed. Although in 1982 I came real close but the paperwork at mega corp never went through and I didn't miss a paycheck. I never made real big money but was able to keep plodding along.
__________________
Retired in 2016. Living off dividends / interest and a mini pension. Freedom.
foxfirev5 is offline   Reply With Quote
Old 05-01-2014, 08:50 PM   #34
Recycles dryer sheets
truenorth418's Avatar
 
Join Date: Sep 2011
Location: New York
Posts: 484
I had a job right out of college, worked 3 of 4 semesters during graduate school, and then worked consecutively for 4 different big companies for the following 22 years without a break. Although I was laid off from 2 of those companies and basically pushed out of another, I always had another job lined up and never had a day of unemployment.

This is one of the reasons my first Monday morning of ER felt so good.
__________________
truenorth418 is online now   Reply With Quote
Old 05-01-2014, 09:10 PM   #35
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
youbet's Avatar
 
Join Date: Mar 2005
Location: Chicago
Posts: 9,965
Since being canned from my factory job in 2006, I never found another job. So almost 8 years of unemployment so far. Life is tough for us long term unemployed folks but we do the best we can.
__________________
"I wasn't born blue blood. I was born blue-collar." John Wort Hannam
youbet is offline   Reply With Quote
Old 05-02-2014, 08:05 AM   #36
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,107
After 100+ responses, more than 60% of those in or nearing retirement (presumed to be the "early" variety) have never had a period of unemployment. Another 20% have experienced less than six months of unemployment.

Is this coincidence or does it indicate there is a correlation between steady employment and early retirement?
__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Poll: What was your employment track record?
Old 05-02-2014, 09:06 AM   #37
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
HFWR's Avatar
 
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 12,964
Poll: What was your employment track record?

Quote:
Originally Posted by REWahoo View Post
Is this coincidence or does it indicate there is a correlation between steady employment and early retirement?

Certainly doesn't hurt...

Lots of j*bs, and lots of unemployment, in the 70s/early 80s. Two j*bs and two relatively brief periods of unemployment since, both with a nice severance package.
__________________
Have Funds, Will Retire

...not doing anything of true substance...
HFWR is offline   Reply With Quote
Old 05-02-2014, 12:33 PM   #38
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Vermont & Sarasota, FL
Posts: 16,428
Quote:
Originally Posted by REWahoo View Post
After 100+ responses, more than 60% of those in or nearing retirement (presumed to be the "early" variety) have never had a period of unemployment. Another 20% have experienced less than six months of unemployment.

Is this coincidence or does it indicate there is a correlation between steady employment and early retirement?
Correlation is not causation, but it certainly helps not to have had to raid your emergency fund for living expenses for a long period of unemployment.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
pb4uski is online now   Reply With Quote
Old 05-02-2014, 12:41 PM   #39
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Mulligan's Avatar
 
Join Date: May 2009
Posts: 7,379
Quote:
Originally Posted by pb4uski View Post
Correlation is not causation, but it certainly helps not to have had to raid your emergency fund for living expenses for a long period of unemployment.

I have known a few half dozen or so acquaintances over the past few years and what they all did simply amazed me. They would raid their buyout and/or retirement funds during unemployment and not make one concession to standard of living until they cut a huge hole in them. I would have went into immediate budget cutting mode to preserve the nut as best as I could.


Sent from my iPad using Tapatalk
__________________
Mulligan is offline   Reply With Quote
Old 05-02-2014, 01:30 PM   #40
Thinks s/he gets paid by the post
robnplunder's Avatar
 
Join Date: Nov 2013
Location: Bay Area
Posts: 2,124
I was laid off from my 1st job (a start up company that could not turn profit) and it took me a month or two to find another one. Other than that, it was nonstop working (and/or school) since I was 14 years old. That's 32 years and I am ready to kiss goodbye to "work" as soon as I get OMY out of my system. Work has become a four letter word ....
__________________

__________________
Pura Vida
robnplunder is online now   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
Poll: Do you manually track your cost basis? Midpack FIRE and Money 31 02-05-2013 08:34 PM
Poll: Do you use Quicken (or commercial equiv) to track spending/budget? Midpack FIRE and Money 83 04-18-2012 07:05 AM
Vanguard funds' track record ats5g FIRE and Money 24 08-12-2008 12:24 PM

 

 
All times are GMT -6. The time now is 10:33 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.