Kings over Queens
Recycles dryer sheets
- Joined
- Apr 16, 2023
- Messages
- 441
Thanks!
I stuck around on an off for 5 years before finally pulling the plug for good. Five years of OMY syndrome. Mainly due to fears of not being able to get or afford health insurance. Cobra can be expensive-you're paying your share and the company's share and it only lasts 18 months anyway. Start checking out your state's ACA exchange.
Everyone eventually sticks around for money and/or ego, unless they truly enjoy the work. Remember, time > money.
Well, I chickened out.
Today was the day I was going to formally announce the plan to retire in Feb 2024.
Here's how my day goes.
10am - annual exam with my Dr. BP is high and she asks why I'm so anxious, so I tell her. She's excited for me and reminds me to be "compassionate" with myself. I thought that was interesting.
11am - shareholder call with our ceo where I'm expecting him to lay out the plan for our IPO that he emphatically said would happen by Q1 2024. Long story short, ain't happening, and might not happen for 3 or 4 years. I understand the reasons, they make sense, but when you say one thing, and mentally prepare decisions, and that changes, well. Lots of cursing at my laptop this morning. I don't need to sell the shares but knowing the liquidity is there is a huge safety net.
1:30 - meet and greet with one of my fellow partners (also a shareholder) in his newly appointed role as head of growth. I was prepared to do it but the shareholder call had me on edge and I danced around emphatically telling him I was done. We discussed where I was at mentally, and every time the conversation went to me leaving, he redirected.
I like the guy, he's been nothing but nice, and asked me to do 1 thing. Well 2 things.
One was a measurable task and the second was to give him the chance to help me "re-engage."
So there you go. I just closed my laptop for the day and am going to pour a large tequila to get rid of this tension headache.
Well, I chickened out.
11am - shareholder call with our ceo where I'm expecting him to lay out the plan for our IPO that he emphatically said would happen by Q1 2024. Long story short, ain't happening, and might not happen for 3 or 4 years. I understand the reasons, they make sense, but when you say one thing, and mentally prepare decisions, and that changes, well. Lots of cursing at my laptop this morning. I don't need to sell the shares but knowing the liquidity is there is a huge safety net.
There is no vesting, as it were. I wouldn't leave anything on the table aside from the paycheck if I left. I would take a hair cut if I were to tender my shares, but that depends on what our internal marketplace is doing at the time.Are you fully vested? What do you leave on the table if you go now?
Does marking your company's equity to $0 change your retirement planning numbers substantially?
I told him "a couple of months" but will go back to quantify it. Thinking no later than 7/1, that puts a pin a 39 year career, almost to the day.Well Congratulations!
I would make a note of what you feel is a reasonable amount of time for transition and let them know. Otherwise, it might drag on.
My boss knew several months what my last day was, still didn't hire my replacement until after I was gone.
I went back on call to train, but had a few months off first!
I told him "a couple of months" but will go back to quantify it. Thinking no later than 7/1, that puts a pin a 39 year career, almost to the day.
Really, nothing. I'm not looking to advance, get a new designation, take over an office...nothing like that. I would like to be productive and contribute in the final push getting us to public. If that circumstance changes than so do my plans. 7/1/25 is my date, one way or the other. That puts a pin in a 40 year career and I'll be happy with that.
Men make plans and God chuckles...
Really, nothing. I'm not looking to advance, get a new designation, take over an office...nothing like that. I would like to be productive and contribute in the final push getting us to public. If that circumstance changes than so do my plans. 7/1/25 is my date, one way or the other. That puts a pin in a 40 year career and I'll be happy with that.
Men make plans and God chuckles...