U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Retirement
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 04-01-2016, 08:13 AM
 
71,626 posts, read 71,751,865 times
Reputation: 49225

Advertisements

if it was something that was possible for everyone to do , either at their own company or a different one it no longer would be valuable to do .

it is the fact few have the quality's to pull it off and that is why they become more valuable .
Reply With Quote Quick reply to this message

 
Old 04-01-2016, 08:15 AM
 
761 posts, read 638,494 times
Reputation: 2229
Quote:
Originally Posted by Fox Terrier View Post
About a year before I planned to retire I started living on only the amount the SS estimator said I would get. The rest I put into my savings account. Actually, I was able to live on less than the estimate.

Unfortunately, I was laid off about seven months before I planned to retire. I got unemployment payments for six months, then lived off of the rather meager severance from my job. Now I'm utilizing the money from my 401k (not much). I figure I will have to use some (about 1k) of my savings until I start SS.

I wanted to hold out until age 66, but 65 will have to do. Even though my expenses are small (I can live on 1k/month), I don't want to drain my savings.

After almost 30 years of working for the same company, having my first job at age 14, and basically working full time from age 17, I just didn't have the heart to even look for another job. I did have to 'look' to satisfy Unemployment, if they ever asked if I was trying to find work.

I got no response from the companies I sent my resume to, and Unemployment never contacted me.

Even though I lost my job, I had some peace of mind knowing I could live until SS without having to worry.
I was just job eliminated at the age of 62. Collecting for 26 weeks.
More stringent in Virginia, where I had to file.
They want 2 contacts every week, including the phone numbers of the person contacted, the email addy and the result of the contact.


I'm not sure how much they dig into each contact for proof, but I just never take chances and try to apply to 2 or more jobs every week.
Reply With Quote Quick reply to this message
 
Old 04-01-2016, 08:25 AM
 
71,626 posts, read 71,751,865 times
Reputation: 49225
when i was an hvac tech i disliked it . everything was dirty , heavy or hot where i worked .

the real top guys were the trouble shooters .

armed with their multimeters they got to just troubleshoot the complex mall climate control systems . they made the nice money .

i wanted that slot so bad .

so i sent for all the training manuals on the controls that were used and i learned as much as i could on my own .

i would constantly go to the company owner with questions making it very visible i was interested in this .

one day i asked if i could go out with those guys and see them in action .

well one day led to another and eventually i was the go to guy when the trouble shooters were having problems .

the rest is history as i just ended a 40 year career in motor controls and factory automation .
Reply With Quote Quick reply to this message
 
Old 04-01-2016, 08:27 AM
 
Location: NC Piedmont
3,911 posts, read 2,879,340 times
Reputation: 6291
Quote:
Originally Posted by mathjak107 View Post
if it was something that was possible for everyone to do , either at their own company or a different one it no longer would be valuable to do .

it is the fact few have the quality's to pull it off and that is why they become more valuable .
So we get to stay in the beach front condo in the tropics on vacation and retire in comfort. That is fine; there should be greater rewards. But there is an undercurrent in this discussion that disturbs me; it seems like some people feel that it's okay if the fast food worker barely survives and if he doesn't get a better job during his career he is undeserving of anything more than a meager retirement at an advanced age. I think that worker should also get to enjoy life. Maybe he has to drive or take a bus to the nearest coast and stay in a motel a couple of blocks from the beach. Retirement housing will probably have to be in an apartment building but asking for it to be near family and maybe have a few activities seems reasonable to me. I don't like the rhetoric that shames the workers who never made it far up the money tree.
Reply With Quote Quick reply to this message
 
Old 04-01-2016, 08:30 AM
 
71,626 posts, read 71,751,865 times
Reputation: 49225
unfortunately in this country we are based on the yoyo system . you are on your own .

you only get to eat what you kill whether you like the meal or not or else you are dependent on what others decide to hand you from their kill .
Reply With Quote Quick reply to this message
 
Old 04-01-2016, 08:45 AM
 
Location: Grove City, Ohio
10,134 posts, read 12,387,762 times
Reputation: 13984
Quote:
Originally Posted by mathjak107 View Post
on the other hand hand my old company has the opposite problem and is staffed with a lot of older folks who want to work as long as they can and have the bulk of the experience and knowledge in the company .

finding younger workers who are suitable has been a problem .

this is in the electrical wholesale / factory automation industry
Same here.

We can't find anyone close (100 mile radius) younger than 30 that wants to put in the time it takes to learn and take the time to study and pass the test required for certification.

The median age for those having the minimum level of certification to achieve a license is 55 while the median age for senior technicians is 61. I am 67 and 20% of senior level technicians are older than I am.

The good thing about all this is at 67 I can easily find a job if I want/need one but the problem is I am getting to where I don't want to work full time anymore.
Reply With Quote Quick reply to this message
 
Old 04-01-2016, 08:57 AM
 
4,649 posts, read 6,483,631 times
Reputation: 5394
Two paths to retirement. Choice or force. The big question is where will the income come from? People are paying hundreds of dollars a month for cell phone service.. There's no money available for short or long term savings.

The retirement realization. Worked 40 plus years and it came to this?
Reply With Quote Quick reply to this message
 
Old 04-01-2016, 09:00 AM
 
71,626 posts, read 71,751,865 times
Reputation: 49225
Quote:
Originally Posted by nicet4 View Post
Same here.

We can't find anyone close (100 mile radius) younger than 30 that wants to put in the time it takes to learn and take the time to study and pass the test required for certification.

The median age for those having the minimum level of certification to achieve a license is 55 while the median age for senior technicians is 61. I am 67 and 20% of senior level technicians are older than I am.

The good thing about all this is at 67 I can easily find a job if I want/need one but the problem is I am getting to where I don't want to work full time anymore.
at 63 i am retired and get calls all the time from competitors who make insane offers for me to work even part time . in fact i got a call from wesco (westinghouse) telling me i can write my own pay check.

there is just such a shortage of folks who can fill slots for one reason or another.

mostly because they can't make it through the pre-screening checks . the other reason is many at this point in our industry are the recycled employees that were let go by other company's and no one really wants them . so there are jobs , just not for them .

Last edited by mathjak107; 04-01-2016 at 09:14 AM..
Reply With Quote Quick reply to this message
 
Old 04-01-2016, 09:21 AM
 
Location: Loudon, TN
5,785 posts, read 4,838,667 times
Reputation: 19463
And the reason is that everybody thinks they should go to college and major in sociology, or political science, or some such. Not many are entering the trade schools and apprenticeships, which is odd since many journey-level jobs pay far more than those college grads will ever make.

People will always need a/c techs and plumbers, linemen,and welding fabricators
Reply With Quote Quick reply to this message
 
Old 04-01-2016, 09:42 AM
 
Location: NC Piedmont
3,911 posts, read 2,879,340 times
Reputation: 6291
Quote:
Originally Posted by TheShadow View Post
And the reason is that everybody thinks they should go to college and major in sociology, or political science, or some such. Not many are entering the trade schools and apprenticeships, which is odd since many journey-level jobs pay far more than those college grads will ever make.

People will always need a/c techs and plumbers, linemen,and welding fabricators
That is true and I don't understand that. I am a tech school graduate (remember those Control Data Institute commercials in the late 70s and early 80s? I learned to program computers in about a year and it cost me less than I make in a week now). I would not say that everybody is going to college for liberal arts; as of 2012 about a third of us in the US have college degrees, but you are spot on that more should go to vocational school; the rate on that is only about 1 in 10:
https://nces.ed.gov/programs/digest/...t14_603.20.asp

However, market saturation on those options is still not all that high. We need skilled and unskilled labor to make everything work. We have to account for the fact that a lot of people need to be doing jobs that our economic system has deemed "low value".
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Retirement
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top