There are many who are retiring earlier than planned. I wonder what are the biggest reasons? What is the main reason why you did it earlier than you previously planned?
19 replies (most recent on top)
@1gzl+1k9sqdjO Same reason I am leaving shortly. She is not right.
Very simple, starting at age about 45 I was counseled to calculate the FU number and have an outlook of what you would do in retirement to be happy. This is the total dollar amount required, if invested conservatively, that would fund all forecast retirement expenses, assuming rate of return of anywhere between 5-7% and with long term inflation running anywhere between 2.5 - 5%, and living beyond normal life expectancy to at least age 95. When the Monte Carlo simulations of 10000 runs (not 1000) runs show you have 95% likelihood of not running out of money, then that is the year you can say FU. In reality many variables to ensure you consider like elder care and medical issues and whether social security will exist or not. But you get the idea. If you are not stupid with your money, you can easily say FU after 25-30 years of employment if you save 10% and get the 6% match and don’t have extraordinary family problems or get divorced once or twice. So FU was easy at age 56.
My plan was always to go at age 60, however the last few years have dramatically changed my thinking. I simply want out as soon as possible which is likely age 55.
Other than the troll or incompetent supervisor, it looks like the sites are aligned with a common theme.
I’ve met plenty of people with “experience” who haven’t had a clue as to where or how to start a problem.
@1zuv+1k9sqdjO
This kind on rant against experienced people makes me wonder if it’s truly a generational issue or if there’s just one single mo_ron who obsessively posts ha_te filled thoughts.
Anyway, young je-rk, you’ve got it going your way: the management believes that all experienced technical people have to disappear - as opposed to the “chosen” ones. So you will soon get to experience your experience-free paradise. Just be careful what you wish for, the company and your job will disappear.
Sausage fest had an ugly ending
Post ID: @1zuv+1k9sqdjO 🤡🤡🤡🤡🤡🤡
@1ddr Wow - a lot of assumptions being derived from a few paragraphs of text on a clunky internet message board.
Anything else you’d like to tell me about myself? Astrological sign maybe?
You people just don’t like to be told the truth.
2 words - interest rates.
@zuv Wow - A lot of resentment and insecurity coming out of BTC/KLTC. You will understand some day young grass hopper. You don’t know what you don’t know and the older you get the more you realize what you don’t know.
I think all of you “silver foxes” should retire tomorrow.
We’ve debunked your so-called “institutional knowledge” so spare us that blather. This “knowledge” is hardly worth what many of you are paid, and definitely not worth putting up with you on a daily basis. I don’t know how your wives do it (actually I do know, but there’s another website for that).
Enjoy your retired lives. Paint, fish, travel to the Philippines to find your 3rd/4th wife, whatever…just don’t do it at Exxon.
In Baton Rouge it was the toxic engineering SLS and the pathetic DH. Both have since moved but they have ruined the engineering section, so many good engineers left that it will take a long time to replace the knowledge lost. That compounded by the new degenerate group leads that that were appointed caused me to leave. The COP meeetings are a running joke. All courtesy of the toxic engineering manager. They made it a virtual he-l ho-e and I couldn’t take it anymore. I now work for a local engineering company that is wonderful. No more sadistic DH’s that talk in circles or clueless toxic Engineering sls whispering sweet stupidity in our meetings.
Too many too mention them all.
First the interest rate made it hard not to unless I wanted to work for free the next year or 2.
It was no longer fun.
The company changed and not for the better.
Too much wasted time churning for management and not actually doing real work.
I’ve been able to walk without holding a handle rail my whole life - zero incidents.
I wasn’t going to train replacements in India or Malaysia.
Toxic weasel managers that have no soul.
With my skill set, easily picked up another job post retirement.
I'm retiring early because of the outsourcing of the service lines to MSPs. The quality of the work produced as a result is so poor that I'm embarrassed by my own company after more than 30 years of being relatively proud of my department's work output. The endless reply all emails which unnecessarily include hundreds of people who don't read them and have very little care factor. I have always liked my immediate team and workplace but this has been so deflating for me that I've lost a lot of motivation and I'll be going.
Its awful here- that's why I'm retiring.
There are too many reasons to list here, but the thing that broke the camels back for me was the constant attempts at gaslighting. I understand a company has to keep up their reputation in the public eye and will gloss over things, but when gaslighting becomes the MO in everyday business, it becomes impossible to work.
It started to become apparent the company choosing toxic manipulation when DW sent an email in 2020 saying there will be no layoffs while knowing he intended to do much worse. So, instead of layoffs, he’d force retirement s and direct management to gaslight employees into thinking they were unproductive by pass out PIPs at random. They did all this to avoid any bad press that came from layoffs.
From that moment on, it seems gaslighting has taken center stage in our business plan.
Over the years, when we would have to accept something from the higher ups that went against logic, at least my manager would admit it was wrong or at least a bad idea. Now, that no longer happens.
Earlier this year, my manager (whom I’m fairly close with) tried to convince me that a fact was not a fact. I had proof (emails, test results, etc.) He flat out refused to back down. It was a bizarre encounter. I knew then that the rot had seeped so deep that there was no way I could continue to work there. Since then, these crazy mental games have happened too often to count with many people throughout the company.
I’m out at the end of the year.
- Horrible managers. Arrogant, manipulative, and unskilled individual put his career over that of group and company. Lacked knowledge of basics of job, poor people skills, and no accountability to follow through or fix.
- Gaslighting, harassment, bullying, backstabbing, and plagiarism behaviors. Being pressured to falsify data for boss benefit. ( I said no this one.)
- No control over career. No job postings. Lied to about career path.
- Mangers manipulation of performance assessment.
- Lack of training or support to do proper job in roles.
- Inefficient and poor organizational design. Spotty on checking people’s qualifications before they are hired or put into roles.
- No vision or leadership.
Not enough hours in the day for me to fix this freak show. I have enough money saved up and have skills to do something more meaningful. I certainly sleep better at night.
No respect, no challenging work at nearly 30 years experience, pension very generous if timed correctly.