Join Early Retirement Today
View Poll Results: ER, was it your choice or did the company give you a push.
My Idea 40 68.97%
Company Push 18 31.03%
Voters: 58. You may not vote on this poll

Thread Tools Search this Thread Display Modes
Old 10-01-2007, 05:13 PM   #21
Thinks s/he gets paid by the post
Join Date: Nov 2005
Location: North of Montana
Posts: 2,754
Originally Posted by HFWR View Post

"Pack yer **** and leave" isn't very subtle...

"But here's a nice parting gift."
Similar, except it was:

I'm FI due to maga-corp stock options (they were very good to me in that respect).

Really enjoyed my job, one day VP asks/tells "we need you to start new group to deal with legislation (S-Ox), you can have the moon. Three years of something I disliked, no thanks since no problems, and now no respect (CEO/CFo's attitude was "still not in jail, couldn't have anything to do with compliance group"). No longer liked working.

HR/VP had this thing about everyone making a 'personal plan' for the year, what you'll do and what company resources are needed(training etc), due Jan 1. I, as usual, didn't bother. Early in the year VP drops in and asks if I'm going to do one. I told him that my personal plan ended before the 1st quarter.

Filled out ER paperwork quit, was asked to stay until year end, gave them 90 days. It was too long, but got another years options out of it. Those are now worth about 1 years pay.

So. They forced me out with BS, paid me off in options and I decided the timing. FWIW, I voted 'my idea'.
There are two kinds of people in the world: those who can extrapolate conclusions from insufficient data and ..
kumquat is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 10-01-2007, 05:18 PM   #22
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
travelover's Avatar
Join Date: Mar 2007
Posts: 12,900
Originally Posted by theoldwizard View Post
......Maybe I saved some 40-50 year old who didn't have enough years to retire and did not want to relocate out of Michigan.

Yea, I thought the same thing.
travelover is offline   Reply With Quote
Old 10-01-2007, 07:42 PM   #23
Thinks s/he gets paid by the post
Join Date: Feb 2007
Posts: 1,015
I voted "my idea" but in reality it was a little more complex.

Worked at MegaCorp for 30 years and would have been eligible for ER at my option at age 55. I really enjoyed my job and had never considered an early retirement -- until my last boss who gave new meaning to the phrase "hell on earth." So, at age 50, I had more than enough and decided it was time to leave before I got seriously ill. I asked for a special early out as the company was looking to trim staff, but I was denied -- until I mentioned that I had strong written documentation to back up my complaints. Then the tide turned and I was able to negotiate the terms of my leaving.

So, when I left at 50 I continued to be paid for several years at my last salary with continued full benefits plus I received a one-time "bonus" to cover any unreimbursed medical costs. Also, I got additional years of service that allowed me to retire at the age of 55 with a pension equal to that I would have received had I stayed to age 62. Last year, I fully retired from MegaCorp.

(And, as luck would have it, after I left MegaCorp, I was recruited to head up a smaller organization that had a nice retirement plan. I left after five years there and I was able to roll over that into my IRA. Sometimes things DO work out for the best!)
Achiever51 is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Early Retirment for Young Couple ambition187 Hi, I am... 13 04-30-2007 10:54 AM
Health Care provided after retirment runnerr FIRE and Money 9 09-05-2006 03:57 PM
Where should my retirment $$ go? yAyA Hi, I am... 18 12-02-2005 12:16 AM
No fees on my company's 401k? soupcxan FIRE and Money 3 01-04-2005 07:19 PM
Months from retirment dsilvar Life after FIRE 2 03-15-2003 02:36 AM

» Quick Links

All times are GMT -6. The time now is 11:04 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2021, vBulletin Solutions, Inc.