@RCW the above is some of the best advice you will get. I tried to find a money manager that had my best interest but soon found that it is all smoke and mirrors. I now have moved everything to Vanguard and selected the funds that I thought would be best and it is working well. Read about ETF's and make them a a large portion of your portfolio, so when things go sour you can jump ship in a heartbeat.
I think I've made my retirement decision....
- Thread starter RCW
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The key word when looking for help with funds is FIDUCIARY, indicating their income is based on their productivity for you.
I did give my notice last MondayI was honestly very speculative when I started this thread, but knew something had to change.
I got a good projection of my final benefit in the mail yesterday. I used July 31 as a retirement date for projection purposes. 36.75 years in the pension plan.
We can make it work…..another piece of the puzzle….check….
I haven’t pulled the trigger with my employer yet.
That’s a time TBD, but guessing I will try to be in the July 31 timeframe. The Mrs. and I have to have some more conversations.
Told our CEO I would work thru May. He would like me to stay on part time making my own hours, as many or few as I want. I have my head now firmly in retirement mode so I think it's cut the cord cleanly. Working out my vacation time now so not many 'work days' left at all.
Wife is going through the same scenario. I retired the first time early but it took me three more times to finally totally retire, subsequent times were fun jobs and not like my primary one that I first retired from. Once you are done you will know it, at least I did and that's what I tell the wife. Key to retirement is no debt, especially your house and vehicles.
"He would like me to stay on part time making my own hours, as many or few as I want."
Same thing happened to me first time so I spent two more years before it started to be the same ole same ole. Should have cut the cord sooner but 20/20 hindsight so you are smart to.
Same thing happened to me first time so I spent two more years before it started to be the same ole same ole. Should have cut the cord sooner but 20/20 hindsight so you are smart to.
RCW
Well-known member
Lifetime Member
Equipment
BX2360, FEL, MMM, BX2750D snowblower. 1953 Minneapolis Moline ZAU
I notified my staff my intention to retire shortly. 90 days.
Didn’t go entirely well, as some could be at risk as my own appointees.
I assured all will be taken care of.
Didn’t go entirely well, as some could be at risk as my own appointees.
I assured all will be taken care of.
I had every intention to do a strong finish, but that last day it was impossible to do much of anything. Good luck and try to leave on a positive note however difficult.
I have been working from home for years now. These next two weeks are going to be a 'farewell tour' of sorts. The company has 16 branches. I have very good relationships with all the branch managers. I'm going to try to visit as many as I can.
They wanted to give me a retirement party but I told our CEO I'm not really into that. Instead he insisted on a small lunch party my last day.
The 'positive note' is a no brainer. That's a 'what do you have to gain' by doing otherwise?
In just shy of 30 years there, my memories are almost all good ones.
My advice to anyone that asks is go as soon as the numbers work that you are comfortable with. I have seen too many put in extra years just to gain a measly extra couple hundred bucks a month pension, or not be around long enough to collect more than a few pension checks.
January 15, 2002 was the best day of my career, and also my last. No regrets, never looked back, and best part is I just turned 61 last week.
January 15, 2002 was the best day of my career, and also my last. No regrets, never looked back, and best part is I just turned 61 last week.
RCW
Well-known member
Lifetime Member
Equipment
BX2360, FEL, MMM, BX2750D snowblower. 1953 Minneapolis Moline ZAU
Update:
Last day is Friday.
Devised and implemented a succession plan.
Required some reorganization but worked out fine.
Been cleaning out the office. A couple things I had:
This small button was given to me by a waitress and is now an antique. Older than @Fordtech86.
I was skinny 40 years ago…
The cherry wall plaque belonged to a former colleague. He had it in his office. He passed years ago in his 80's, and someone said "he would want you to have this."
I cherish it as he was a good friend. Not the rendition I recall, but not bad words to live by......
Last day is Friday.
Devised and implemented a succession plan.
Required some reorganization but worked out fine.
Been cleaning out the office. A couple things I had:
This small button was given to me by a waitress and is now an antique. Older than @Fordtech86.
I was skinny 40 years ago…
The cherry wall plaque belonged to a former colleague. He had it in his office. He passed years ago in his 80's, and someone said "he would want you to have this."
I cherish it as he was a good friend. Not the rendition I recall, but not bad words to live by......
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RCW
Well-known member
Lifetime Member
Equipment
BX2360, FEL, MMM, BX2750D snowblower. 1953 Minneapolis Moline ZAU
Donystoy
Well-known member
Lifetime Member
Equipment
LX2610HSDCC, B/H, Loader, plus numerous other attachments. B7200 sold
Hate to break this to you but you'll still be working, you just won't be getting paid!
True, very true…but now RCW keeps all the spoils. That may be more valuable than what the wage was IMO.Congratulations RCW! I am sure your family and all your friends are very proud of you. I hope you acknowledge all your accomplishments. That’s a BFD IMO. Now enjoy the spoils…all of them. Great job
