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Posted on 12/16/18 at 1:18 pm to TheriotAF
quote:The risk is loss of ability to work at a significant income level late in your career.
I don’t want to think about retiring until 75-ish
Haven't sifted thru the thread, so this is probably a restatement, but I've seen it happen.
For example, a layoff in your early 60's can make hiring into a comparable position difficult. Health issues can have the same effect. If you are not in a good position at that point, it can be brutal.
Posted on 12/16/18 at 1:42 pm to TheriotAF
I'm shooting for 62 right now. I might try to scale back my lifestyle so I can retire in my 50s. I really don't like working.
Posted on 12/16/18 at 2:04 pm to lynxcat
quote:
It would be dumb to cut an older employee simply because they have a higher salary. They should only be earning the higher salary if they are a kickass employee who is valuable enough to justify it.
It is dumb, but it happens all the time. In very large corporations the decisions about what employees stay and who goes are often made by people looking strictly at the salary and compensation line, and have no knowledge of what the employee does and what is required to replace there skill set, it is strictly what do they cost at that moment in time.
Posted on 12/16/18 at 2:14 pm to EA6B
quote:Correct.
it happens all the time. In very large corporations the decisions about what employees stay and who goes are often made by people looking strictly at the salary and compensation line, and have no knowledge of what the employee does and what is required to replace there skill set, it is strictly what do they cost at that moment in time.
Posted on 12/16/18 at 5:51 pm to TheriotAF
quote:Good news: 60 is the new 40.
Do people still plan on retiring at 65?
Bad news: 9 PM is the new midnight.
Posted on 12/16/18 at 6:10 pm to TheriotAF
I'm retiring at 70.
Posted on 12/16/18 at 6:11 pm to tigerpawl
quote:
Bad news: 9 PM is the new midnight.
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