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04-07-2021, 10:02 AM
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#41
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Thinks s/he gets paid by the post
Join Date: Oct 2007
Location: Willamette Valley, Oregon
Posts: 1,979
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Quote:
Originally Posted by brett
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You will have to offset the value of two years of healthy retirement against the opportunity cost of acceding to your director's request.
Just one thing....you cannot buy time. Especially healthy retirement time. Once it has passed it has gone forever.
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+1 You will "never" ever get back that two years. And you still have to option to w*rk parttime if you really fell you need that little extra bit of money.
If it were me, I would retire!
__________________
Dreams Worth Dreaming are Dreams Worth Planning For. I Spent a Career Planning for Early Retirement.
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04-07-2021, 10:16 AM
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#42
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Thinks s/he gets paid by the post
Join Date: May 2005
Location: Portland
Posts: 1,713
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Quote:
Originally Posted by Out-to-Lunch
If "they" = "mafia," then yes, stay.
If "they" != "mafia," then no!
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https://images.app.goo.gl/wWyhssXGvAqdtDPu5
just when I thought I was out....they drag me back in
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04-07-2021, 10:44 AM
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#43
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Thinks s/he gets paid by the post
Join Date: Jul 2020
Posts: 1,503
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The "company" is actually public service... and they aren't making any profit from me..
Well except off my property tax... Its the dedication and experience that they don't want to loose. Half the medics we have were not even born when I started, and the mind set shows in many of them.
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04-07-2021, 10:47 AM
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#44
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2007
Posts: 9,958
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Quote:
Originally Posted by old medic
The "company" is actually public service... and they aren't making any profit from me..
Well except off my property tax... Its the dedication and experience that they don't want to loose. Half the medics we have were not even born when I started, and the mind set shows in many of them.
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That makes it easier you have provided plenty of public service, don't let them guilt you into providing more.
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04-07-2021, 10:51 AM
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#45
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Full time employment: Posting here.
Join Date: Apr 2019
Posts: 630
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Quote:
Originally Posted by old medic
The "company" is actually public service... and they aren't making any profit from me..
Well except off my property tax... Its the dedication and experience that they don't want to loose. Half the medics we have were not even born when I started, and the mind set shows in many of them.
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I wouldn't let this change your decision.
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04-07-2021, 12:33 PM
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#46
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Thinks s/he gets paid by the post
Join Date: Aug 2005
Location: Crownsville
Posts: 3,745
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Old_Medic, even though the consensus here seems to be, get the hell outta Dodge, and as quickly as possible, it's still reasonable, that you posted your question. After pretty much spending your entire life either working in your career, or leading up to it (school, training, etc), it's hard to make a decision that's suddenly going to leave that all behind. So, even though the answer might seem obvious in retrospect, it's still good to bounce your thoughts off of us here, just for that added peace-of-mind that you're probably doing the right thing. Or, in the off chance there's something you're missing, I'm sure someone here would catch it.
I'm in a somewhat similar situation, where I could easily retire, presuming my FireCalc assumptions are correct and I didn't make any mistakes with the input. But then, for each month I keep working, I think about how much is going into my checking account to cover expenses, how much is still going into my 401k, and how much it's saving me on health insurance. And, as a result, it's hard to make the jump into retirement.
When I do start getting serious about it, I might be posting a similar question, with my own specifics, just to get sort of a reality check.
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04-07-2021, 12:55 PM
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#47
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Recycles dryer sheets
Join Date: Sep 2020
Location: Tampa, FL
Posts: 173
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After a certain age, time is your most important commodity, not money. After age fifty or so, you realize that there is more of the landing strip behind you, than in front of you. And the plane does not go backwards under any circumstances. Tell your managers or whomever that your retirement plans are firm and make the most of whatever space you have left on the runway in front of you.
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04-07-2021, 01:29 PM
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#48
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Recycles dryer sheets
Join Date: Jun 2017
Location: Rural community
Posts: 217
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Do you want to work 2 more years or do you want to retire? The money is secondary at this point, you’ve reached your goal!
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04-07-2021, 02:35 PM
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#49
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Thinks s/he gets paid by the post
Join Date: Sep 2013
Location: Cincinnati, OH
Posts: 4,373
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You can add more years to your working, but you can't add more years to your retirement.
__________________
The problem isn't artificial intelligence, it's natural stupidity.
You can't spend yourself to prosperity.
Semi-Retired 7/1/16: working part-time (60%) for now [4/24/17 changed to 80%]
Retired Aug 2, 2017; age 53
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They want me to stay.... What Would You Do?
04-07-2021, 02:58 PM
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#50
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
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They want me to stay.... What Would You Do?
Good heavens, in your situation I'd RETIRE. You can afford it and time is slipping by.
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04-09-2021, 08:10 PM
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#51
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Dryer sheet aficionado
Join Date: Apr 2021
Posts: 39
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I think what they are really asking is for you to do the job so they don't have to look for your replacement. Offer to take on finding your replacement as your last project before retirement.
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04-09-2021, 08:13 PM
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#52
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Dryer sheet aficionado
Join Date: Apr 2021
Posts: 39
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great thoughts. I continue to be amazed at the hurdle from growing my 401k to spending it. It is a psychology barrier I never anticipated.
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04-09-2021, 09:26 PM
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#53
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Full time employment: Posting here.
Join Date: Sep 2016
Location: Way up North
Posts: 561
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Perspective is important. Keeping you on for 2 years would likely seem different than returning to work after experiencing some retirement lifestyle.
I left mega-corp after completing a negotiated severance work requirement (1 year retention). 3 months after retiring, I was offered a 1 year contract to return to my old position at pretty good terms (day rate contractor as opposed to benefit employee). It had absolutely no appeal to me after only 3 months away from the grind. But if I had been offered the same deal as an extension when I was leaving work ? I very well might have taken it.
I'm finding retirement better than I had imagined, even with the Covid lock downs. Knowing what I know now, I wish I'd had the where-with-all to pull the plug even earlier. Certainly not looking for a way to extend or return to the old grind.
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04-10-2021, 06:43 AM
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#54
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Thinks s/he gets paid by the post
Join Date: Jul 2020
Posts: 1,503
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Quote:
Originally Posted by FloridaJim57
After a certain age, time is your most important commodity, not money. After age fifty or so, you realize that there is more of the landing strip behind you, than in front of you. And the plane does not go backwards under any circumstances. .
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I LOVE your analogy
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04-10-2021, 07:03 AM
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#55
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Thinks s/he gets paid by the post
Join Date: Jul 2020
Posts: 1,503
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Many thanks again....
Andre1969, When I posted the question I was 99.9% sure that I would still be retiring, but It doesnt hurt to consider the option, and get others opinions. And there is no doubt that it would be financially beneficial to us for me to stay 2 more years.
My grand father always said consider your Wants VS Needs....
Do I WANT to stay... Not really...
Do We NEED the extra money.... All though it would be nice... Not really.
And no one on here seems to think I NEED to either....
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04-11-2021, 09:47 AM
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#56
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Thinks s/he gets paid by the post
Join Date: Oct 2007
Location: Willamette Valley, Oregon
Posts: 1,979
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Quote:
Originally Posted by 38Chevy454
You can add more years to your working, but you can't add more years to your retirement.
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Bingo!! +1
__________________
Dreams Worth Dreaming are Dreams Worth Planning For. I Spent a Career Planning for Early Retirement.
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04-11-2021, 10:50 AM
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#57
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Thinks s/he gets paid by the post
Join Date: Feb 2021
Location: Puget Sound
Posts: 3,255
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Glad we could be of assistance, medic.
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04-11-2021, 11:16 AM
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#58
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Thinks s/he gets paid by the post
Join Date: Dec 2017
Posts: 1,618
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Well, I went back after a few months of retirement. I got the 2 day a week part time schedule I had always wanted and limited the duration. They were were fully staffed when I left but lost someone. The pandemic limited travel and we were staying home anyway. I don't think anyone who is FI should sign up something miserable.
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04-11-2021, 12:01 PM
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#59
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Thinks s/he gets paid by the post
Join Date: Aug 2013
Posts: 1,972
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If you are really comfortable with your savings now .... I'd say "RUN ..and retire". If you feel miserable everyday .. 2 years is a long long time.
__________________
No to consumerism, Living a simple life, enjoying the experience - not the material stuff
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04-11-2021, 01:01 PM
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#60
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2004
Location: Portland, Oregon
Posts: 7,113
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If you are an experienced medic you could associate with a community college medic training program and do some teaching.
__________________
Duck bjorn.
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