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08-20-2016, 08:48 AM
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#21
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Thinks s/he gets paid by the post
Join Date: Jun 2014
Posts: 1,069
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Quote:
Originally Posted by Totoro
Does this mean trust fund babies have short life spans? Since they are retired before they ever started working
I do believe in the negative impact of losing purpose and sense of self-worth though, which work does provide for some.
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That would be an interesting question to answer, who has longer/better lives, 1st gen wealth creators or their offspring/beneficiary. Mostly we would probably just use the info to reinforce our own prejudice, but still, it would be interesting.
Sent from my iPhone using Early Retirement Forum
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08-20-2016, 02:54 PM
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#22
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Recycles dryer sheets
Join Date: Aug 2016
Posts: 177
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Quote:
Originally Posted by Totoro
I do believe in the negative impact of losing purpose and sense of self-worth though, which work does provide for some.
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For some, this is true. For many others, the effect of a megacorp "career" can be to warp one's perspective of purpose and continually erode their sense of self-worth.
Oddly enough, in my experience it is often the "most successful" that suffer from this. New leadership takes over and yesterday's hero is now out to pasture, suddenly devoid of that artificial purpose and self-worth. They're now miserable whether they retire and dream of past glory, or stick around and struggle frantically to recapture it. Oh well, at least they've got a strong portfolio! No wait, they never got around to that.....
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08-20-2016, 03:11 PM
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#23
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2015
Location: the prairies
Posts: 5,027
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Quote:
Originally Posted by rodi
I look at my brother.... Worked up till the end - well, until the cancer was too serious. Died at age 48. Do cases like his fit into the model - those that die before they reach retirement?
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Just like the early SS survey...it's skewed because those who have died can't vote.
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08-20-2016, 03:46 PM
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#24
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Recycles dryer sheets
Join Date: May 2014
Location: Far Hills
Posts: 51
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Yesterday we had discussion about that with friends. We are mix bag: retired flight attendant, retired maintenance multi craft mechanic, retired executive assistant and lawyer who currently works at major law firm-Vp HR. , and plan to retire this year. Jointly we came to the conclusion that people who works high level managerial jobs have harder transition into retirement. They are driven and defined by what they do, and once they retire they somehow struggle with identity. People whose jobs are not that demanding have more time to develop hobbies and interest outside work, and are happier in retirement.
Sent from my iPad using Early Retirement Forum
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08-20-2016, 04:02 PM
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#25
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Thinks s/he gets paid by the post
Join Date: Apr 2016
Location: Ex-Cali
Posts: 1,236
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I look forward to disproving this one.
__________________
______________________
The plan was September 1, 2022 and I am 95% there. Still working a few hours a week at the real job.
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08-20-2016, 04:22 PM
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#26
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Thinks s/he gets paid by the post
Join Date: Jul 2005
Posts: 2,223
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Obviously phony research funded by some devious mega-corp or the US Chamber of Commerce, trying to scare those still working to stay at it .
You need to keep working until the company has no more use for your services.
Might even be a grain of truth in my conspiracy theory on this.
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08-20-2016, 04:33 PM
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#27
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Moderator
Join Date: Feb 2010
Location: Flyover country
Posts: 25,199
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Quote:
Originally Posted by emerytura
people who work high level managerial jobs have a harder transition into retirement. They are driven and defined by what they do, and once they retire they somehow struggle with identity.
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Certainly not a universal, but that seems to be the case rather more often than not, in my experience. Well over half of those in high level positions that I have known would fit in this group.
Fortunately, those were not the ones I was friends with!
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08-20-2016, 07:27 PM
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#28
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Recycles dryer sheets
Join Date: Aug 2016
Posts: 177
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Quote:
Originally Posted by Lakewood90712
Might even be a grain of truth in my conspiracy theory on this.
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But, of course! How dare you leave before megacorp decides to throw you out. My megacorp used to have a corporate policy on how you could quit (notification requirements, etc.). This is not a joke. Unfortunately, common sense and corporate lawyers caught up to them before I had a chance to violate the policy.
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08-21-2016, 10:26 AM
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#29
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2007
Posts: 14,328
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Quote:
Originally Posted by FIREchief
.......... My megacorp used to have a corporate policy on how you could quit (notification requirements, etc.)........
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At MegaMotors we were not even allowed to die without permission.
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08-21-2016, 10:43 AM
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#30
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Recycles dryer sheets
Join Date: Feb 2014
Posts: 215
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This plays into the financial management companies agenda. You must keep working longer because you will not have enough money to retire. OR our 1.5% management fee will be larger and we need the money. I am constantly amazed at the folks who pay that 1-1.5% fee and think that they cannot do their own investing.
__________________
DH retired 2014.
Sold my business in '16 and retired 5-17!
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08-27-2016, 01:26 PM
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#31
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Thinks s/he gets paid by the post
Join Date: Feb 2014
Location: Syracuse
Posts: 3,501
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__________________
“No, not rich. I am a poor man with money, which is not the same thing"
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