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I'm 10% Retired as of Today
02-15-2008, 05:37 PM
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#1
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Moderator Emeritus
Join Date: Feb 2006
Location: San Francisco
Posts: 8,827
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I'm 10% Retired as of Today
Well, it's a start.
Just heard today that a long negotiation over my compensation and responsibilities finally concluded today in my favor. I've been collecting more and more responsibilities in my position and last month my boss initiated discussion about my getting a very sweet raise (it was preemptive, as he knew I was going to approach him shortly).
I kind of stumped him when I said that at this time I'd like to discuss going from 1 FTE to 0.9 FTE. This is unprecedented in the type of position I hold, but I reassured him that I did not want to reduce patient care time, and would be willing to put in some work time during travel and at my convenience (which of course I do anyway), and that time to visit family was a very important priority to me (that's as far as I needed to go - he got it).
Long story short, I will now have a 4-5 day weekend every month mostly intended to visit distant grandkids FINALLY, or just to relax when we are not visiting. Usual vacation time continues at 4 weeks plus holidays. Oh yeah -- they gave me a raise, too.
I think it's a win-win -- they get to keep me (I have accumulated some experience and expertiese they really need), I get to see my kids and take a deep breath regularly, and it doesn't cost anyone anything they weren't going to pay for anyway.
I realize it doesn't sound like much, but in context it's a significant departure from business as usual - one small step. Buyin' new golf clubs next weekend.
__________________
Rich
San Francisco Area
ESR'd March 2010. FIRE'd January 2011.
As if you didn't know..If the above message contains medical content, it's NOT intended as advice, and may not be accurate, applicable or sufficient. Don't rely on it for any purpose. Consult your own doctor for all medical advice.
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02-15-2008, 05:40 PM
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#2
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Thinks s/he gets paid by the post
Join Date: Dec 2007
Posts: 4,764
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Congratulations. Seems like a nice way of easing into things.
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02-15-2008, 05:49 PM
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#3
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2005
Posts: 10,252
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I am going 0.5 FTE in two weeks. It's hard not to skip out early every day now. With such a large difference in expected time at work, I think I am not going to get 'taken' by working extra hours.
With only a 0.1 FTE difference aren't you worried those hours are gonna get added to the weeks where you have those long weekends?
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02-15-2008, 05:52 PM
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#4
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 34,049
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Congratulations!
That is an EXCELLENT step.
Audrey
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02-15-2008, 06:08 PM
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#5
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 46,622
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Congratulations!!
Enjoy your time with the grandkids.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
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02-15-2008, 06:19 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: Jun 2002
Location: Texas: No Country for Old Men
Posts: 49,327
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Rich, congratulations on your raise. As to being "10% retired", you'll have to forgive me for being a little skeptical. Based on your track record, well, you know...
__________________
Numbers is hard
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02-15-2008, 06:33 PM
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#7
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Moderator Emeritus
Join Date: Feb 2006
Location: San Francisco
Posts: 8,827
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Quote:
Originally Posted by LOL!
With only a 0.1 FTE difference aren't you worried those hours are gonna get added to the weeks where you have those long weekends?
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They already are.
__________________
Rich
San Francisco Area
ESR'd March 2010. FIRE'd January 2011.
As if you didn't know..If the above message contains medical content, it's NOT intended as advice, and may not be accurate, applicable or sufficient. Don't rely on it for any purpose. Consult your own doctor for all medical advice.
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02-15-2008, 06:34 PM
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#8
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Moderator Emeritus
Join Date: Feb 2006
Location: San Francisco
Posts: 8,827
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Quote:
Originally Posted by audreyh1
Congratulations!
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Thanks Audrey. Where've ya been?
__________________
Rich
San Francisco Area
ESR'd March 2010. FIRE'd January 2011.
As if you didn't know..If the above message contains medical content, it's NOT intended as advice, and may not be accurate, applicable or sufficient. Don't rely on it for any purpose. Consult your own doctor for all medical advice.
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02-15-2008, 06:35 PM
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#9
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Moderator Emeritus
Join Date: Feb 2006
Location: San Francisco
Posts: 8,827
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Hey, have some fatih, man  .
It's only 2 or 3 days a month, and I definitely know where I won't be.
__________________
Rich
San Francisco Area
ESR'd March 2010. FIRE'd January 2011.
As if you didn't know..If the above message contains medical content, it's NOT intended as advice, and may not be accurate, applicable or sufficient. Don't rely on it for any purpose. Consult your own doctor for all medical advice.
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02-15-2008, 06:52 PM
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#10
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Administrator
Join Date: Jul 2005
Location: N. Yorkshire
Posts: 32,294
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Well done Rich, I'm sure you''l enjoy and look forward to those long weekends.
I just re-located to a site that has a 989 schedule PLUS flex hours so Mon - Thurs I work 6:30 - 4:00, 1st Friday I work 8 hrs, 2nd Friday I work 4 and the 3rd Friday I am off. I love it as the early start is easy for me and misses the taffic.
__________________
Retired in Jan, 2010 at 55, moved to England in May 2016
Enough private pension and SS income to cover all needs
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02-15-2008, 06:54 PM
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#11
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Moderator Emeritus
Join Date: Feb 2004
Location: minnesota
Posts: 13,228
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Good news. Keep chipping away .1 at a time.
__________________
.
No more lawyer stuff, no more political stuff, so no more CYA
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02-15-2008, 07:02 PM
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#12
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Thinks s/he gets paid by the post
Join Date: Apr 2004
Posts: 1,463
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Way to go Rich! 10% is better than nothing.
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02-15-2008, 07:11 PM
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#13
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 8,918
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I went from 1.0 to .0 last year. Of course I don't get paid squat either.
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
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02-15-2008, 07:47 PM
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#14
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Thinks s/he gets paid by the post
Join Date: Jan 2005
Posts: 3,339
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Congratulations! Enjoy those long weekends and the grandchildren!
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02-15-2008, 08:21 PM
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#15
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Thinks s/he gets paid by the post
Join Date: Apr 2007
Posts: 1,305
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Congrats Rich.  Enjoy.
That's a great way to do part time (5 day weekends). Otherwise you would end up working full time anyways. I have seen some people try to do 1/2 time and it turns out that meant 40 hours in our industry.
__________________
Life is GREAT!
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02-15-2008, 08:49 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: Mar 2003
Posts: 18,085
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Sounds like a workable situation. I am especially impressed that you managed to negotiate this sort of thing in a profession that generally does not put up with anything less than 125% time/effort. Enjoy the time!
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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02-15-2008, 08:54 PM
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#17
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Recycles dryer sheets
Join Date: Aug 2007
Posts: 433
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Paging Dr. Rich,
At what age do most physicians retire Rich? Do they cut back to part time (probably 40 hrs/wk in the medical realm) or usually just bail completely at a certain age?
I've seen a few solo practitioners still going in their 70s.
__________________
Consult with only myself as your adviser or representative. My thoughts should be construed as investment advice of the highest caliber. Past performance is but a pale shadow and guarantee of even greater results in the future.
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02-15-2008, 09:58 PM
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#18
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 46,622
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Quote:
Originally Posted by barbarus
Paging Dr. Rich,
At what age do most physicians retire Rich? Do they cut back to part time (probably 40 hrs/wk in the medical realm) or usually just bail completely at a certain age?
I've seen a few solo practitioners still going in their 70s.
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My father, a plastic surgeon, retired when he was 70. But, from about age 55 to age 70, he only spent about 8 hours a day in the office (very much less than he spent when I was growing up) and didn't see as many patients or spend as much time at the hospital. Instead, he edited a surgical journal which took a lot of his time, and compiled a literature review, and that sort of thing. Sadly, he died at 71. His cancer was discovered the week that he retired.
So, does THAT story make you think about retiring early, or what? It does that for me.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
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02-15-2008, 11:38 PM
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#19
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Recycles dryer sheets
Join Date: Aug 2007
Posts: 433
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It sounds like your father spent his last 15 years doing something he greatly enjoyed or at least felt compelled to do Want2. He probably regretted not having been able to spend more time with you but found fulfillment in his profession at the same time. Classic approach/avoidance.
Amongst blue-collar types, it's almost a joke(of the non-funny kind), that a man will die within a couple of years after his retirement. One of life's cruel jests is that people increasingly identify with what the do, even, oddly enough, in j*bs they hate. Often, there is a lose of stability when the familiar pattern finally ends.
I don't think this will happen to me.
Best avoided by having many non-w*rk interests I'd speculate.
__________________
Consult with only myself as your adviser or representative. My thoughts should be construed as investment advice of the highest caliber. Past performance is but a pale shadow and guarantee of even greater results in the future.
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02-15-2008, 11:52 PM
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#20
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Recycles dryer sheets
Join Date: Nov 2007
Posts: 202
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Congrats, Rich...and good luck sticking with the 10% retirement. Enjoy the grandkids and those new golf clubs!
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