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View Poll Results: As a % of your ER nestegg, what would it take to get you back to work for 5 years?
10% (or less) of my portfolio, per year 2 4.08%
25% of my portfolio, per year 4 8.16%
50% of my portfolio, per year 2 4.08%
100% of my portfolio, per year 1 2.04%
200% (or more) of my portfolio, per year 3 6.12%
No way, won't happen, fuggitaboutit 15 30.61%
I'm still working -- n/a 22 44.90%
Voters: 49. You may not vote on this poll

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How much?
Old 05-22-2005, 06:34 PM   #1
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How much?

Some interesting discussions on high incomes lately, and I got to thinking... what would it take to get you to agree to go back to work for a 5 year stint?

I'll answer in the poll and "in public" -- short of a catastrophe, my reply is "no way". I'll work hard in volunteer stuff and for fun, but can't imagine going back for money.

Dory36, or whoever I am today
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Re: How much?
Old 05-22-2005, 07:17 PM   #2
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Re: How much?

500 million after taxes - I'm cheap and I 'can' be bought!

On second thought - without a ticket to the billionaires club - forget it. Life's too short and I'm not getting any younger.
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Re: How much?
Old 05-22-2005, 07:45 PM   #3
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Re: How much?

Quote:
Originally Posted by dory3n
Some interesting discussions on high incomes lately, and I got to thinking... what would it take to get you to agree to go back to work for a 5 year stint?

I'll answer in the poll and "in public" -- short of a catastrophe, my reply is "no way". I'll work hard in volunteer stuff and for fun, but can't imagine going back for money.

Dory36, or whoever I am today
Won't ever happen. No conceivable circumstances, including financial
reverses.

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Re: How much?
Old 05-22-2005, 08:18 PM   #4
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Re: How much?

Since I'm not there yet, but only 5 (count 'em, 5) days from retirement, I'm not sure what it would take to make me go back to work. But I can give you a real life example of what it took to get me to delay my retirement.

Asked if I would postpone my date of departure two months if I was paid for three, I declined. No way was I willing to stay that long. But I did agree to meet them halfway and postpone 4 weeks if paid for 6. I'll clear enough to pay for a Carribbean cruise plus a small stash of mad money. And I wouldn't really define what I've been doing for the past three weeks as work. Attitute, Attitude!

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Re: How much?
Old 05-22-2005, 08:23 PM   #5
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Re: How much?

Heh ... if you work for one of those companies that makes Dilbert seem like he missed the good stuff, what happens is they get you to stay a while to make sure your replacement is up to speed . . . then they delay naming your replacement until too late to do anything useful before you leave.

I gave several month's notice (only because it took that long to arrange furniture shipment from overseas), and probably spent 20 minutes in that exercise before I was gone.

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Re: How much?
Old 05-22-2005, 09:15 PM   #6
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Re: How much?

Quote:
Originally Posted by dory3n
Heh ... if you work for one of those companies that makes Dilbert seem like he missed the good stuff, what happens is they get you to stay a while to make sure your replacement is up to speed . . . then they delay naming your replacement until too late to do anything useful before you leave.

I gave several month's notice (only because it took that long to arrange furniture shipment from overseas), and probably spent 20 minutes in that exercise before I was gone.
Amazing. I gave four months notice and agreed to delay my departure an additional month to provide a transition to my successor. With 5 working days to go, no replacement for me has yet been named....

Dilbert, are you getting this?

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Re: How much?
Old 05-22-2005, 09:29 PM   #7
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Re: How much?

Quote:
Originally Posted by dory3n
... what would it take to get you to agree to go back to work for a 5 year stint?
You're kidding, right?
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Re: How much?
Old 05-22-2005, 09:34 PM   #8
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Re: How much?

5 years is way too long a time horizon, when I retire I'm thinking 6 months = $1 million and it goes up like the Richter scale from there (1 year = $10 million, 18 months = $100 million). I'll own a home I love free and clear in one of the best places in the world (san diego). What could money give me at that point?
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Re: How much?
Old 05-23-2005, 07:02 AM   #9
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Re: How much?

And another thing ...................I wouldn't go back for ONE YEAR either,
not doing what I was doing before retirement, and not for any amount of money.

JG
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Re: How much?
Old 05-23-2005, 08:24 AM   #10
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Re: How much?

I'm still working as well, but no way I would extend my career beyond my target retirement date. Just back from vacation this morning and I am soooooo depressed. Destin FL was very nice. Wish I had a real fat portfolio so I could* buy a condo there. Now if I extended my retirement date another couple of years...........nah. Better stick to my cabin on the lake plans.* 8)
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Re: How much?
Old 05-23-2005, 08:29 AM   #11
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Re: How much?

I'll give one more year for 10%. After that, no more. Five years? You have to be kidding.
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Re: How much?
Old 05-23-2005, 08:46 AM   #12
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Re: How much?

Confession time - I actually took a temp job for a year at the old plant after two years in ER - 130% of old salary - lasted a year(surprised me) - THAT REALLY CURED ME - I'd like to believe I made a few converts to the ER idea while there - but maybe that's just rationalizing - did attend my boss's retirement party a year later(early out at 55).
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Re: How much?
Old 05-23-2005, 08:59 AM   #13
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Re: How much?

Quote:
Originally Posted by REWanabe
Amazing. I gave four months notice and agreed to delay my departure an additional month to provide a transition to my successor. With 5 working days to go, no replacement for me has yet been named....

Dilbert, are you getting this?

REW
Did they give you any more money for your staying the additional time?
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Re: How much?
Old 05-23-2005, 01:06 PM   #14
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Re: How much?

Ha ha ha.
<snork>

Good one Dory.
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Re: How much?
Old 05-23-2005, 05:29 PM   #15
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Re: How much?

Quote:
Originally Posted by dex
Did they give you any more money for your staying the additional time?
dex, I'm getting "time and a half" for the added four weeks. As an annual run rate, that equates to 15% of my portfolio.

With 4 days remaining, still no replacement named... :P

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Re: How much?
Old 05-23-2005, 05:30 PM   #16
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Re: How much?

REW, this had to have been your favorite work Monday ever.
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Re: How much?
Old 05-23-2005, 05:59 PM   #17
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Re: How much?

Quote:
Originally Posted by Laurence
REW, this had to have been your favorite work Monday ever.
Yep, that statement pretty much sums it up. It was the only Monday at work I can ever recall actually enjoying. But I can't say the same for my very envious co-workers.

REW
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Re: How much?
Old 05-23-2005, 06:00 PM   #18
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Re: How much?

Are you wearing pants to work this week? I was going to go pantsless to see how that worked out, but ended up with shorts, a hawaiian shirt and flip flops as a compromise.
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Re: How much?
Old 05-23-2005, 06:06 PM   #19
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Re: How much?

Got laid off over 1 month ago and maybe it's a little to early to voice an opinion but I was unable to even contemplate the idea of working 5 more years.
Even though I haven't done much with my free time so far, it feels great doing nothing away from work.

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Re: How much?
Old 05-23-2005, 06:09 PM   #20
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Re: How much?

Quote:
Originally Posted by You dont know me
Are you wearing pants to work this week? I was going to go pantsless to see how that worked out, but ended up with shorts, a hawaiian shirt and flip flops as a compromise.
I'm wearing pants, but no underwear. Can't wear shorts without underwear due to a problem I was hung with in my very early teen years.

REW
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