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01-03-2018, 02:42 PM
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#1
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Moderator
Join Date: Nov 2014
Posts: 9,070
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OMY Coming to an end.
A couple years ago at work, I went to part time. On balance, it has been a good deal but I felt 2018 was it. A couple months ago, my boss started talking about workforce reductions of 15% and in that conversation I raised my hand and volunteered. Getting let go will provide a severance and continuation of benefits equal to one year's salary/benefits. Just retiring would not provide anything like a severance. Fast forward a bit and boss put my name forward and it was accepted. Today, he confirmed that the date of termination will be January 16th or 17th (I guess with a mass firing, it will take two days).
Anyway, I'm excited, scared and thankful to the people and information contained in this forum who have helped me get ready for this moment. I'm sure I'm much better prepared for this than I otherwise would have been without you.
I turn 57 a couple days after so it looks like I snuck in under the wire - retired at 56 (plus 360 days)!
Thank you!
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01-03-2018, 02:45 PM
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#2
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Thinks s/he gets paid by the post
Join Date: Oct 2017
Location: Tellico Village
Posts: 2,595
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Congrats Jerry1, enjoy the severance package and the gateway to retirement. You are going to love it!!!
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01-03-2018, 02:55 PM
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#3
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Thinks s/he gets paid by the post
Join Date: Jan 2017
Location: Hog Mountian
Posts: 2,077
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Awesome! Glad to read yet one more "victory" on this wonderful forum of freedom!
__________________
Never let yesterday use up too much of today.
W. Rogers
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01-03-2018, 03:21 PM
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#4
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Thinks s/he gets paid by the post
Join Date: Oct 2014
Posts: 1,536
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Awesome Jerry. A part timer getting a severance. Sweet!
__________________
-Big Dawg-FI since 9/2010. Failed ER in 2015. 2/15/2023=DONE! "Blow that dough"-Robbie
" People say I'm lazy, dreaming my life away Well, they give me all kinds of advice designed to enlighten me When I tell them that I'm doing fine watching shadows on the wall "Don't you miss the big time, boy. You're no longer on the ball" -John Lennon-
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01-03-2018, 03:23 PM
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#5
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Recycles dryer sheets
Join Date: Feb 2017
Location: Weatherford Texas
Posts: 456
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Congratulations on hitting the severance lottery.
I am daring my megacorp to offer one up this Spring. I will jump on it as you did. They do this every few years to get rid of us stale high-salary types. Either way I am out of here in 2018.
__________________
Retired June 1, 2018
RE AA 65/35
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01-03-2018, 04:11 PM
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#6
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2012
Posts: 11,701
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My Megacorp used to offer buyouts to older workers.
Now they just lay us off. Minimal severance. I wouldn't mind if I get listed.
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01-03-2018, 08:17 PM
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#7
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Recycles dryer sheets
Join Date: Nov 2013
Posts: 58
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Congrats, Jerry! I’m hoping for the same stroke of good fortune (but given the fantastic bull market, I can’t complain!).
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01-03-2018, 09:19 PM
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#8
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Thinks s/he gets paid by the post
Join Date: Jan 2005
Posts: 3,525
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Congrats-retiring and severance is nice.
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01-08-2018, 10:51 AM
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#9
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2010
Posts: 5,830
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Good for you. Congrats.
There is nothing that is better than wanting to retire early, being in a financial position to do so, AND winning the lottery with generous exit package from your employer. Beats a gold watch or a rubber chicken dinner every time!
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01-09-2018, 12:36 AM
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#10
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Thinks s/he gets paid by the post
Join Date: Jun 2016
Posts: 4,655
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Quote:
Originally Posted by brett
Good for you. Congrats.
There is nothing that is better than wanting to retire early, being in a financial position to do so, AND winning the lottery with generous exit package from your employer. Beats a gold watch or a rubber chicken dinner every time!
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Absolutely! Congratulations and enjoy your retirement!
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01-09-2018, 05:43 AM
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#11
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Thinks s/he gets paid by the post
Join Date: Mar 2008
Location: Atlanta Suburb
Posts: 1,499
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Congratulations. Well done.
__________________
"Oh, twice as much ain't twice as good
And can't sustain like one half could
It's wanting more that's gonna send me to my knees" - John Mayer
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01-12-2018, 02:16 PM
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#12
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Thinks s/he gets paid by the post
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,455
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Quote:
Originally Posted by Jerry1
A couple years ago at work, I went to part time. On balance, it has been a good deal but I felt 2018 was it. A couple months ago, my boss started talking about workforce reductions of 15% and in that conversation I raised my hand and volunteered. Getting let go will provide a severance and continuation of benefits equal to one year's salary/benefits. Just retiring would not provide anything like a severance. Fast forward a bit and boss put my name forward and it was accepted. Today, he confirmed that the date of termination will be January 16th or 17th (I guess with a mass firing, it will take two days).
Anyway, I'm excited, scared and thankful to the people and information contained in this forum who have helped me get ready for this moment. I'm sure I'm much better prepared for this than I otherwise would have been without you.
I turn 57 a couple days after so it looks like I snuck in under the wire - retired at 56 (plus 360 days)!
Thank you!
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Congrats!
__________________
May we live in peace and harmony and be free from all human sufferings.
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01-12-2018, 03:20 PM
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#13
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Thinks s/he gets paid by the post
Join Date: Jul 2006
Location: Denver
Posts: 3,499
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Congratulations! I love reading stories like yours.
Yes, you'll be scared, but you'll get over it. Enjoy the transition.
That first Monday when you don't HAVE to roll out of bed - it is just priceless.
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