retiringby50
Recycles dryer sheets
- Joined
- Nov 26, 2007
- Messages
- 170
It's been almost 10 years since I've started a post on this board, although I think of y'all from time to time. I was hoping to retire by 50, but then I realized that if I waited till 55, I would have SO much more benefits.
So why am I back on the board? Because like many of you, I've gotten to the point where I can't stand my job - I actually really like my manager, and I'm well-compensated; it's the clients (and their ungratefulness), the system, the tasks, the politics (mostly the politics), the long hours, which all creates the STRESS that I can't stand. The stress affects my personal time (for example, two weeks when I had to deal w/a difficult client, who I know was purposely being difficult or reading that unpleasant email on Friday right before I log off that ruins my entire weekend - that would be this past weekend). Now I know how you all feel! My, how things change over time!
If I wait another 3.75 years and retire when I'm 55, I get the following benefits:
- retiree medical benefits: my husband and I get a total of about $135,000 to use for health premiums (the plan includes spousal benefits)
- I would get approximately $2,000/month in pension
My understanding is that if I leave prior to my turning 55, I will lose both benefits (I already have enough years of service), so the dilemma is whether I can endure the stress for that long or not. My manager has been "shopping" my client group and my projects with my co-workers, but no surprise, no takers! If I stay with the company, I will need to figure out what to do: look for another job internally, "force" my manager to give my client group to someone else, etc.
Meanwhile, I was curious to see if anyone else had walked away from future benefits, how did that decision come about, and whether it was worth it. Any advice/encouragement would be greatly appreciated. Thanks!
So why am I back on the board? Because like many of you, I've gotten to the point where I can't stand my job - I actually really like my manager, and I'm well-compensated; it's the clients (and their ungratefulness), the system, the tasks, the politics (mostly the politics), the long hours, which all creates the STRESS that I can't stand. The stress affects my personal time (for example, two weeks when I had to deal w/a difficult client, who I know was purposely being difficult or reading that unpleasant email on Friday right before I log off that ruins my entire weekend - that would be this past weekend). Now I know how you all feel! My, how things change over time!
If I wait another 3.75 years and retire when I'm 55, I get the following benefits:
- retiree medical benefits: my husband and I get a total of about $135,000 to use for health premiums (the plan includes spousal benefits)
- I would get approximately $2,000/month in pension
My understanding is that if I leave prior to my turning 55, I will lose both benefits (I already have enough years of service), so the dilemma is whether I can endure the stress for that long or not. My manager has been "shopping" my client group and my projects with my co-workers, but no surprise, no takers! If I stay with the company, I will need to figure out what to do: look for another job internally, "force" my manager to give my client group to someone else, etc.
Meanwhile, I was curious to see if anyone else had walked away from future benefits, how did that decision come about, and whether it was worth it. Any advice/encouragement would be greatly appreciated. Thanks!