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Intel's new approach to retirement: encore careers
03-27-2013, 07:38 AM
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#1
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Thinks s/he gets paid by the post
Join Date: Aug 2012
Posts: 1,862
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Intel's new approach to retirement: encore careers
Not sure where to put this, as it covers many areas. Nevertheless, I thought it was interesting:
 Quote:
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Last year, the technology giant launched the Intel Encore Career Fellowship - a program offering a paid, one-year, $25,000 stipend to encourage near-retirement employees to put their skills to work in new careers with a social purpose.
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Intel's new approach to retirement: encore careers | Reuters
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03-27-2013, 07:40 AM
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#2
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Jan 2008
Location: NC
Posts: 21,287
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If my Megacorp had had such a program, I'd have jumped at it. I may well pursue an encore career on my own one day, but Intel would have made it easier...
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No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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03-27-2013, 07:44 AM
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#3
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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Interesting concept. I suppose that for the right person, as long as there was some amount of choice in the type of work you do (based on your own ideals), it could be an interesting transition and another thing to think about as an alternative to "one more year syndrome".
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"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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03-27-2013, 08:08 AM
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#4
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Sep 2005
Location: Northern IL
Posts: 26,886
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Interesting - sounds like a way top put a positive spin on downsizing and keeping a severance package towards the low end. Be interesting to see how this works for them, could be a good fit for some people.
-ERD50
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03-27-2013, 05:11 PM
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#5
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Thinks s/he gets paid by the post
Join Date: Feb 2011
Posts: 1,797
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Great idea!
Many folks enjoyed their best success in a second (or more) career.
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03-27-2013, 05:14 PM
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#6
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Thinks s/he gets paid by the post
Join Date: Sep 2010
Location: midwestern city
Posts: 4,061
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Wow. I agree with ERD50 ! Let's celebrate :-)
Quote:
Originally Posted by ERD50
Interesting - sounds like a way top put a positive spin on downsizing and keeping a severance package towards the low end. Be interesting to see how this works for them, could be a good fit for some people.
-ERD50
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__________________
Very conservative with investments. Not ER'd yet, 48 years old. Please do not take anything I write or imply as legal, financial or medical advice directed to you. Contact your own financial advisor, healthcare provider, or attorney for financial, medical and legal advice.
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03-28-2013, 12:46 AM
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#7
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Oct 2006
Posts: 7,733
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I might have stuck around if they had this program when I was there.
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03-28-2013, 12:52 AM
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#8
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Recycles dryer sheets
Join Date: Jan 2013
Posts: 178
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Sure wish my company offer that.
I asked for a 2 months unpaid leave because I 'm so burnt out and they wouldn't grant me that.
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03-28-2013, 06:48 AM
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#9
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Thinks s/he gets paid by the post
Join Date: Mar 2013
Posts: 1,788
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That's really cool. Good for them.
I have plans to work part-time in retirement at something I enjoy, but every time I study the "encore career" concept, it feels too burdensome, like I'm starting up an entire, full fledged second career. That's too much for me. Also, it seems like most "encore careers" involve shifting from working mostly in "normal" jobs to working in the social services sector, for the public good. I've been working in the social services sector for most of my life, so I don't feel that same impulse.
But that's a nice employee benefit.
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03-28-2013, 07:12 AM
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#10
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
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Quote:
Originally Posted by ER Eddie
...every time I study the "encore career" concept, it feels too burdensome...
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Yep, it is exactly like work, the very thing I retired to get away from. 
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Numbers is hard
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03-28-2013, 08:15 AM
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#11
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2011
Location: West of the Mississippi
Posts: 17,250
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Quote:
Originally Posted by ER Eddie
but every time I study the "encore career" concept, it feels too burdensome, like I'm starting up an entire, full fledged second career.
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Yup. I retired so I could have the freedom to use my time as I wished. A post retirement job would destroy that.
__________________
Comparison is the thief of joy
The worst decisions are usually made in times of anger and impatience.
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03-29-2013, 03:40 PM
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#12
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Full time employment: Posting here.
Join Date: Sep 2012
Location: San Jose
Posts: 607
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Sounds like a really cool program, but for me personally, I doubt once I've decided to "retire", I'd want to jump into another j*b (even though it's socially responsible, or non-profit), especially for only $25k.
After I've had a break from the 9-to-5 routine, traveled a bit, enjoyed myself, and had some fun...maybe. But transitioning into such a role right after leaving a "rat race" type position...I couldn't do it.
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03-30-2013, 07:43 AM
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#13
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Thinks s/he gets paid by the post
Join Date: Aug 2004
Location: St. Louis
Posts: 2,179
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Perhaps being a volunteer moderator on the ER forum or counseling military retirees (a la Nord's blog) would qualify as an encore career and for their nice little stipend? 
__________________
Dryer sheets Schmyer sheets
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03-30-2013, 08:05 AM
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#14
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
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I tried a few post-retirement volunteer gigs (forum mod, tax prep for low income filers, HOA board member...) and found the cost/benefit ratio left much to be desired.
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Numbers is hard
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03-30-2013, 08:43 AM
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#15
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Give me a museum and I'll fill it. (Picasso)
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Join Date: May 2009
Posts: 9,343
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Quote:
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Originally Posted by SumDay
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Being an Intel shareholder, I would be eternally grateful if some of these people would use this second career opportunity to figure out how to get those Intel chips into more tablets and smartphones before the PC industry implodes on them.
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03-30-2013, 07:34 PM
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#16
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Oct 2006
Posts: 7,733
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LOL, well there are plenty of Intel alumni who are involved in tablets and smartphones. Even several who went to Apple. Anyway Intel is a dividend play not a growth stock.
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