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 12-10-2011, 10:44 AM
 
1 posts, read 1,595 times
Reputation: 10

Advertisements

I to am thinking the same thing. New life, new place, new job, Or should I say any job. I was a house- wife. It seems at 51, I have to find a new way to live and survive. Why not take a chance. Why not move on and see what I have to offer the world. This "old lady" is going to give it a try! Go for it!
Reply With Quote Quick reply to this message

 
Old 12-11-2011, 09:23 AM
 
Location: SoCal
6,077 posts, read 9,549,238 times
Reputation: 5839
Quote:
Originally Posted by Putty View Post
... but I will have to relocate, then rely on COBRA until I find something else, ...
I don't know how it is in your state, but here you only get COBRA if you get laid off. Not if you choose to leave your job. Be careful to be certain this is really available to you, if it's what you'll be relying on.
Reply With Quote Quick reply to this message
 
Old 12-11-2011, 09:50 AM
 
Location: Baltimore, MD
3,746 posts, read 4,226,506 times
Reputation: 6866
Quote:
Originally Posted by oddstray View Post
I don't know how it is in your state, but here you only get COBRA if you get laid off. Not if you choose to leave your job. Be careful to be certain this is really available to you, if it's what you'll be relying on.
I think you are confusing the temporary federal subsidy of COBRA benefits with the eligibility for COBRA. COBRA is based on federal law, not state.

FAQs For Employees About COBRA Continuation Health Coverage (http://www.dol.gov/ebsa/faqs/faq-consumer-cobra.html - broken link)

"Qualifying Events - Qualifying events are certain events that would cause an individual to lose health coverage. The type of qualifying event will determine who the qualified beneficiaries are and the amount of time that a plan must offer the health coverage to them under COBRA. A plan, at its discretion, may provide longer periods of continuation coverage. Qualifying Events for Employees:
  • Voluntary or involuntary termination of employment for reasons other than gross misconduct
  • Reduction in the number of hours of employment"
Reply With Quote Quick reply to this message
 
Old 12-11-2011, 01:39 PM
 
Location: Lexington, SC
4,281 posts, read 10,755,029 times
Reputation: 3717
My wife and I were pretty sure where we were going to retire to (which we did at age 62) and while we knew where we were going, we would have been leaving to much on the table (salary, retirement, ec.) to be able to make the move sooner.

That said, if you will not be leaving to much on the table then by all means start the plan/move ASAP. I would do as follows though some might not apply:

1. If owning property then sell and maybe even live temporary.

2. Investigate employment opportunities in the place you have your eye on and be ready to go there for a job at the drop of a hat.

3. Put a few bucks away for living expenses and just move to the new place. Live cheap until you get a job.

My single 44 year old son is working on #2 and might well go to #3 this coming spring. Many of his still married or alimony paying or child support paying, buddies cannot afford to do anything different then what they are doing and are very envious of him.

My advice to my son is if you want to do it....do it....LOL
Reply With Quote Quick reply to this message
 
Old 12-13-2011, 04:28 PM
 
16,092 posts, read 36,607,813 times
Reputation: 6277
I think this thread is relevant - look what happened after the initial post in 2007. The economy tanked and the RE bubble burst.
Reply With Quote Quick reply to this message
 
Old 12-13-2011, 05:58 PM
 
Location: Las Flores, Orange County, CA
26,346 posts, read 83,084,904 times
Reputation: 17517
Is quitting a job a 50 a success story or a failure story?

If you like your job, then it isn't necessarily a success story (you stop earning money, you stop doing what you might enjoy, you stop the comradery interaction and team work and socialization.)

If you hate your job, then it is a failure story because you've been doing something you hate for 30+ years.

If you like what you do, you'll never "work" a day in your life.
Reply With Quote Quick reply to this message
 
Old 12-13-2011, 07:23 PM
 
Location: Whereever we have our RV parked
8,847 posts, read 7,736,397 times
Reputation: 15181
I think its pretty brave. It will depend on where you want to move to. If the area has a good job market, it should work out pretty well. But if your dream location has a tight job market, then I would probably say, reconsider. So the big question for me would be, where are you going. I know people that have moved to their dream location and things have not worked out well. They lost a lot of money and were forced to move out. Lesson. Dreams don't always work out.
Reply With Quote Quick reply to this message
 
Old 12-13-2011, 07:28 PM
 
Location: Lexington, SC
4,281 posts, read 10,755,029 times
Reputation: 3717
Quote:
Originally Posted by Prairieparson View Post
I think its pretty brave. It will depend on where you want to move to. If the area has a good job market, it should work out pretty well. But if your dream location has a tight job market, then I would probably say, reconsider. So the big question for me would be, where are you going. I know people that have moved to their dream location and things have not worked out well. They lost a lot of money and were forced to move out. Lesson. Dreams don't always work out.
You sound like my 1st wife...notice I said 1st as in I have had more then one...LOL
Reply With Quote Quick reply to this message
 
Old 12-13-2011, 07:37 PM
 
Location: The High Seas
7,378 posts, read 13,367,722 times
Reputation: 11702
You only live once. Follow your heart and go for it!
Reply With Quote Quick reply to this message
 
Old 12-13-2011, 10:57 PM
 
Location: We_tside PNW (Columbia Gorge) / CO / SA TX / Thailand
22,694 posts, read 40,062,283 times
Reputation: 23839
Quote:
Originally Posted by Snort View Post
You only live once. Follow your heart and go for it!
and don't forget how hard it is to get a job once, unemployed. Espcially over age 50 (You will be treated as tho you have the plague.).

I say go for it if you are ready to afford it. Sorry to say... Healthcare expenses and sick spouse mean 'back-to-work' for this pre-50 retiree. BUT never again as a career, you can BET on that. (not $10k, please !!!, that would be robbery)
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