Been retired approx 4 years after wife incurred a chronic health issue and I needed to leave.
I remember working my butt off for the last 23 years with a large defense company.
I remember being told how valuable the workers are.
I remember having pensions being replaced by 401k and how they were great because I would be in a lower tax bracket in retirement (NOT). This allowed the company to write off pension obligations
Recently our retiree health insurance is being transferred to a private insurance firm with a small subsidy from the company. Again the retirees are off the company books and must fend for themselves.
I guess the employees lost value over time.
Somehow the company always holds all the cards.
I wish I knew this at age 21. I was too optimistic .
Fortunately I was a saver over the last 40 years and was able to leave.
I tell my kids to save as much as possible so they will have options later if needed.
It wasn’t easy to save especially with a family and college expenses but I’m glad I did. Not being a slave is priceless. I’m grateful to be away from all the politics and other crap.
The one thing that sticks out is how great most of the workers were. Very hard working and professional.
What do you remember?
What would you have done differently?
I remember working my butt off for the last 23 years with a large defense company.
I remember being told how valuable the workers are.
I remember having pensions being replaced by 401k and how they were great because I would be in a lower tax bracket in retirement (NOT). This allowed the company to write off pension obligations
Recently our retiree health insurance is being transferred to a private insurance firm with a small subsidy from the company. Again the retirees are off the company books and must fend for themselves.
I guess the employees lost value over time.
Somehow the company always holds all the cards.
I wish I knew this at age 21. I was too optimistic .
Fortunately I was a saver over the last 40 years and was able to leave.
I tell my kids to save as much as possible so they will have options later if needed.
It wasn’t easy to save especially with a family and college expenses but I’m glad I did. Not being a slave is priceless. I’m grateful to be away from all the politics and other crap.
The one thing that sticks out is how great most of the workers were. Very hard working and professional.
What do you remember?
What would you have done differently?