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Old 09-10-2019, 05:27 PM
 
Location: Spurs country. "Go, Spurs, Go!"
3,504 posts, read 4,055,279 times
Reputation: 9194

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Quote:
Originally Posted by jrkliny View Post
In the past many people worked for the same company for many years, even for their entire career. Those possibilities are becoming rare. The world is changing too fast. A great many companies don't even last for decades.
Decades??? How about months? Today's climate is "be your own boss", "work for yourself", "screw big business", and the like. So we are getting a glut of expensive "chefs", ie food truck entrepreneurs (definition: a person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk), "Artisians" (arts and crafts makers/sellers, including the same type/style of jewelry), mobile pet grooming trucks, and other "here today, gone tomorrow" pop-up businesses. I see new individual businesses advertising on TV or the internet, until they have been here as long as the "big box stores" have been in business, I won't be using any "fly by night" business.
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Old 09-10-2019, 05:33 PM
 
Location: Spurs country. "Go, Spurs, Go!"
3,504 posts, read 4,055,279 times
Reputation: 9194
Quote:
Originally Posted by tlp123 View Post
Only loyalty is to the $$$.

How much you can make for someone if you happen to work for someone.

And how much you can make for yourself if you are on your own.

I chose to do my own thing 15yrs ago and never look back.

Yeah, it's not for everybody.
This goes along with my last post about everyone wanting to be their own boss. Some are "leaders", others not so much. They will be the ones who fail. Then what?
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Old 09-10-2019, 06:09 PM
 
2,244 posts, read 952,985 times
Reputation: 5498
Whether you work for a major corporation, a small business, or a mom and pop store, you are only a commodity to your employer. You are only there as long as you provide them with more value than you cost in salary and benefits and overhead. To think anything else is delusional. A year after I retired I became a contract employee for two years. I found it very refreshing. No BS or office politics, no employee rights of any kind. You were paid for what you did well, as long as they needed you, period.
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Old 09-10-2019, 06:28 PM
 
Location: Proxima Centauri
4,964 posts, read 2,063,853 times
Reputation: 5388
Did your employer leave themselves in a lurch by laying you off?
While you are looking for a job which is required by unemployment, approach your employer and see if they will pay you at an hourly rate until you are 66. Factor in your gross salary and whatever you will need to pay into COBRA.

I believe that your F10 company has economists that are predicting a recession. You are in your sixties, Your medical coverage is crucial. Medicare kicks in at 65. Social Security kicks in between 66 and 67.

Good luck.
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Old 09-10-2019, 06:32 PM
 
2,490 posts, read 2,122,794 times
Reputation: 5880
Quote:
Originally Posted by Tonyafd View Post
Did your employer leave themselves in a lurch by laying you off?
While you are looking for a job which is required by unemployment, approach your employer and see if they will pay you at an hourly rate until you are 66. Factor in your gross salary and whatever you will need to pay into COBRA.

I believe that your F10 company has economists that are predicting a recession. You are in your sixties, Your medical coverage is crucial. Medicare kicks in at 65. Social Security kicks in between 66 and 67.

Good luck.
Social security can be collected at 62. FRA (Full Retirement Age) varies by birthdate. Mine is 67 years old.
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Old 09-10-2019, 06:40 PM
 
Location: Scottsdale, AZ
8,377 posts, read 5,129,849 times
Reputation: 30755
Quote:
Originally Posted by bobspez View Post
Whether you work for a major corporation, a small business, or a mom and pop store, you are only a commodity to your employer. You are only there as long as you provide them with more value than you cost in salary and benefits and overhead. To think anything else is delusional. A year after I retired I became a contract employee for two years. I found it very refreshing. No BS or office politics, no employee rights of any kind. You were paid for what you did well, as long as they needed you, period.
Right on, brother.

"No employee rights" also included no right to file a sexual harassment complaint. I found that out when I acquired a grabby officemate. It wasn't a deal breaker. I was still better off working as a contractor. They just moved me to a different building.

As an entrepreneur today, I can't be complacent. I have to be better at what I do than the others who want to eat my lunch.
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Old 09-10-2019, 06:52 PM
 
Location: NNV
1,714 posts, read 1,080,986 times
Reputation: 3472
Quote:
Originally Posted by AZPurdue View Post
Just got laid off today, upon returning from a week's vacation, by my Fortune top 10 employer. Been with them since May of 2003, except for a 10 month gap in '16-'17 when I was also laid off by them. Felt fortunate to get rehired in Feb 2017, since I was 61...and they matched my former salary.

Soon to be 64 and my plan was to retire sometime between April 1 and August 31 of next year. I don't get the sweet severance as in '16 but I do get a couple months. Severance, plus six months unemployment, am thinking I can string this out nicely and ride off into the sunset almost as planned.

Frankly, I will be happy to give corporate America the finger. I am set this time (no pension, but me and the spouse have really good ss benefits and solid 401Ks). But that was not the case when laid off by other employers in '82, '97, and '03. The whole layoff thing gets tiresome. I feel for the younger generations who have to deal with the same garbage. It's hard to be loyal to an employer when they will dump you in a heartbeat just to meet some exec's budget, likely due to their own mismanagement.

Any other soon-to-be retirees encounter similar BS?
I used to work at a company that seemed to do reorgs every year when the budget was done. Seems someone in senior management always had to "make their mark". Was laid off by choice once (good severance), and laid off not by choice once. But it did get really tiring looking over your shoulder every year and with shrinking bonuses. For the last 11 years I haven't had to worry about that, and it was refreshing. Ready to retire on my own terms.
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Old 09-10-2019, 08:03 PM
 
Location: USA
1,159 posts, read 457,399 times
Reputation: 3184
Quote:
Originally Posted by Vic Romano View Post
I used to work at a company that seemed to do reorgs every year when the budget was done. Seems someone in senior management always had to "make their mark". Was laid off by choice once (good severance), and laid off not by choice once. But it did get really tiring looking over your shoulder every year and with shrinking bonuses. For the last 11 years I haven't had to worry about that, and it was refreshing. Ready to retire on my own terms.
Its not as much as marking their mark but making a number for their bonus.

I was lucky. As part of a corporate org that had 500+ contractors in the late 90s, they were the targets of reductions as our ops was automated, placed on-line, etc. Were down to 50 contractors and Im the last man standing in town. There are others on the team back east where my job will go once I retire.

When I retire.

Lol
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Old 09-10-2019, 08:06 PM
 
685 posts, read 332,020 times
Reputation: 1313
Quote:
Originally Posted by jrkliny View Post
Sometimes I wonder. Are we loyal to our employers or just to lazy to look around and get a better job?

I have been loyal to my retiree health insurance and pension thus far. If not for that well. . . . who knows?
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Old 09-10-2019, 08:57 PM
 
2,736 posts, read 728,050 times
Reputation: 4829
I've always taken the mental attitude that I'm not an employee. It is a little mental game I played with myself that went like this:
I'm the President of the "RationalExpectations" company, and that Fortune 50 company for which I technically worked was "My Customer." As long as I had something to sell that "My Customer" wanted to buy, we could continue to do business. And every now and then, for no reason, "My Customer" might decide it doesn't want to buy what I have to sell. Or, I might decide to go find a New Customer.

Regardless, the only thing that has changed is I have even more human capital to sell to My Next Customer.
It was mentally liberating.
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