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Old 08-15-2015, 10:48 AM   #61
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Originally Posted by Beryl View Post
A broker mistyped my employment status as "unemployed" instead of "retired" on a 401K to IRA roll-over application form. It was a dumb mistake because the same institution manages my company's pension which I now receive. Maybe it is because I'm younger than normal retirement age.

I voluntarily retired after almost 30 years at the same company and being listed "unemployed" sounds like I'm a "slacker" somehow. I have no plans to obtain employment again.

She suggested that I corrected it on the form and initial both of our copies but I'm wondering if I need to follow-up to make sure the correction was made permanent in my files. I don't want to make more out of this than necessary.
It'd be interesting to read a "four years later..." update.

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I think I'l drop a note to Nords . Maybe he can find some new deductions if he uses " Surfing Instructor ' as occupation.
Nah, you'd actually have to earn some income. "Chairman of the Longboard" is an unpaid position.

I enjoy teaching people how to surf because it makes me a better surfer...
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Best Réponse for Emplument Status?
Old 01-25-2017, 03:10 PM   #62
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Best Réponse for Emplument Status?

I am balancing my funds post my recent departure from Mega Corp. One of the questions for a new account is Employment Status. Is there any rhyme or reason for the selection of Retired, Self-Employed, or Not-Employed (specific to a new financial institution creation)?
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Old 01-25-2017, 03:48 PM   #63
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I don't think so, unless you are looking to borrow... they just have a field that they need to fill in.
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Old 01-25-2017, 04:04 PM   #64
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I was unemployed as long as I was received 50 weeks unemployment compensation. Then, I was considered retired.
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Old 01-25-2017, 05:50 PM   #65
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I also the think the unemployed moniker is better & is still accurate. The fact that I do not ever want to be employed again is not relevant. As far as negative connotations and what do others think, I freed myself from those concerns well before I became "Unemployed". If anyone is judging me, I could care less.
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Old 01-25-2017, 06:05 PM   #66
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I always check the unemployed block, although I'm 70 and have no need for additional income. The point being, I am unemployed by choice, and I'm not tired nor am I looking for a job
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Old 01-26-2017, 01:33 AM   #67
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Reading through this post a lot of people are indifferent to employment titles, as generally am I. I wanted to share though that when asked for employment status when quoting auto insurance selecting unemployed will generally get you worse rates than selecting retired.
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Old 01-26-2017, 08:31 AM   #68
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Originally Posted by Shanky View Post
If anyone is judging me, I could couldn't care less.
Fixed (not that you care!).
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Old 01-26-2017, 12:07 PM   #69
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Thanks to all. My interest is the upside/downside of the declared employment-status (loans, insurance, IRS, ...). It sounds like for the instance of a new financial account, the entry is immaterial (I lean towards "Unemployed").
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Old 01-26-2017, 12:15 PM   #70
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The Dude Abides

The Big Lebowski:
Are you employed, sir?

The Dude:
Employed?

The Big Lebowski:
You don't go out looking for a job dressed like that? On a weekday?

The Dude:
Is this a... what day is this?

The Big Lebowski:
Well, I do work sir, so if you don't mind...

The Dude:
I do mind, the Dude minds. This will not stand, ya know, this aggression will not stand, man.
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Old 01-26-2017, 12:48 PM   #71
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I'm retired.
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Retired at 59 in 2014. Should have done it sooner but I worried too much.
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Old 01-26-2017, 12:54 PM   #72
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I'm retired and like answering questions that way. I never answered "unemployed."
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Old 01-26-2017, 02:06 PM   #73
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My DW and I just retired and we announced to our family and friends that we are now unemployed.

I talked to our car insurance agents to change our usage status of our cars and told them we are unemployed.

I really don't think it matters.

Unemployed to me means you are employable but currently are not...vs retired means...you've ceased to continue.
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Old 01-28-2017, 12:55 PM   #74
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What does the Employment-Status mean to banks, brokerage firms, loan offices, the government? How can/will they use/misuse the data? I'm looking at the known or potential effect(s). How I feel is immaterial - I am well past that point.
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Old 01-29-2017, 08:51 AM   #75
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It can be a flag for several things, including risk assessment in insurance, potential profitability, sweetheart deals on credit cards, healthcare, which account manager (if any) they assign, priority treatment when stuff goes wrong (lost cards), etc ..

I just write down investment manager, for a small family office when pressed. Perception does wonders sometimes It keeps the vultures at bay (we can manage your money!) while communicating a sense of achievement. Just don't make it a professional money manager for others or they start badgering you for all sorts of forms (compliance isn't a joke at banks).
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Old 01-31-2017, 11:35 AM   #76
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When I retired early, it was a few years past the low point of the recession and the economy was still filled with horror stories. Initially, I was telling my friends and family that I was retired and it seemed to trigger too many angry "what are you nuts" and "you have to work" and "you still have 3 children at home" responses. They couldn't appreciate the concept of planning, saving, investing and sacrificing to be financially independent. For the next few years I decided to say "I'm in between jobs", which seemed to cut out the negativity. I'm back to calling myself retired.
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Old 01-31-2017, 02:00 PM   #77
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I decided when I finally cut the cord, I will be a 'Personal Portfolio Manager'
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Old 01-31-2017, 02:03 PM   #78
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I enjoy teaching people how to surf because it makes me a better surfer...
I had a neighbor, retired from HP, who told me "If you want to learn something well, teach it. They will ask you questions you'd have never thought of otherwise, and then you have to find the answer." When I was teaching computer forensics I found out he was right, and I learned a lot more than I would have otherwise. That was some fun times.

Evidently the same principles apply to surfing...
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Old 01-31-2017, 03:22 PM   #79
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I decided when I finally cut the cord, I will be a 'Personal Portfolio Manager'


^^^ This.

Also like to use Alfred Doolittle's monologue that I am one of the Undeserving Poor.
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