- Joined
- Jul 18, 2010
- Messages
- 7,965
I decided in mid-summer 2010 that we were enough past FI and major expenses (buying and remodeling retirement house/selling previous house, buying new car, college funds set aside, etc.) that I could RE. Logically, I would have waited until May, 2011 - I had 6-figures of deferred compensation that I had to take in cash (fully taxable) within 30 days of leaving, also some stock options with same terms, and I gave up the mid-5 figure bonus I would have received in May (although it was earned by March 31, you had to be on payroll on the payout date to get it).
But my job was being moved across the country, and although I was assured by my VP that I'd be placed in another role, I was fed up with senior management and wave after wave of layoffs. So I noted that the under-62 surcharge on my retiree health insurance would reduce by 5% if I stayed past my birthday, and I'd get health insurance for the month if I left on the 1st, so October 1, 2010 (conveniently a Friday) was my last day. It felt so good to be out of there that I didn't even mind (much) writing the big check to pay the taxes.
But my job was being moved across the country, and although I was assured by my VP that I'd be placed in another role, I was fed up with senior management and wave after wave of layoffs. So I noted that the under-62 surcharge on my retiree health insurance would reduce by 5% if I stayed past my birthday, and I'd get health insurance for the month if I left on the 1st, so October 1, 2010 (conveniently a Friday) was my last day. It felt so good to be out of there that I didn't even mind (much) writing the big check to pay the taxes.