Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Getting out on your terms helps
Old 08-28-2006, 08:16 AM   #1
Thinks s/he gets paid by the post
tryan's Avatar
 
Join Date: Mar 2005
Posts: 2,449
Getting out on your terms helps

Was surprised to see how badly the odds are stacked against you ...

Enjoy!

Quote:
A full 40% of the retirees polled by the Employee Benefit Research Institute in 2003 had to retire before they'd anticipated.

What usually ushers people out the door prematurely are health problems and layoffs. A full 41% of those polled by EBRI who said they retired earlier than planned did so because of illness or disability, said EBRI Chief Executive Dallas Salisbury. Another 34% cited changes at work, including downsizing and closures.
http://articles.moneycentral.msn.com...&wa=wsignin1.0
__________________

__________________
FIRE'd since 2005
tryan 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: Getting out on your terms helps
Old 08-28-2006, 08:26 AM   #2
Full time employment: Posting here.
 
Join Date: Dec 2004
Posts: 714
Re: Getting out on your terms helps

I understand the disability / health issue quite well. I don't understand the layoff issue. Changing jobs is simply the reality of today's market. Not fun, but we all have to deal with it ... for those of us still working.

Yes, I know it doesn't get easier as you get older ... I receive those AARP mailings too.
__________________

__________________
Craig is offline   Reply With Quote
Re: Getting out on your terms helps
Old 08-28-2006, 08:41 AM   #3
Thinks s/he gets paid by the post
tryan's Avatar
 
Join Date: Mar 2005
Posts: 2,449
Re: Getting out on your terms helps

17 of us were let go last Oct ... 3 were past retirement (64, 65 and 73) and are now in the "not happy group" even though the package bridged them for another year.

Truth be told, these people would NEVER have left and were detined to be in the unhappy group.
__________________
FIRE'd since 2005
tryan is offline   Reply With Quote
Re: Getting out on your terms helps
Old 08-28-2006, 09:10 AM   #4
Recycles dryer sheets
 
Join Date: Apr 2006
Location: Hardscrabble Texas
Posts: 372
Re: Getting out on your terms helps

The company I left got pretty creative at making the few remaining (higher paid?) Americans feel unwelcome so they could replace us with illegals. This was a small company (husband and wife team) who had the company handed to them by the husbands father.

For example.....besides no pay increases for years............they created a new rule where if you took off any part of a day (lets say an hour for a dentist appt.) you were charged a full 8 hours of vacation time.

Of the 70 or so blue collar workers in the plant I think there are 2 Americans still hanging on.
__________________
.....#.....
Poundkey 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
Art Buchwald dies on his own terms.............. Cut-Throat Health and Early Retirement 15 01-24-2007 01:11 PM
Working on my terms?? Need to earn 10-15. newguy88 FIRE and Money 2 12-04-2005 07:30 PM

 

 
All times are GMT -6. The time now is 12:51 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.