Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Ms. Toad

(35,618 posts)
48. I contemplated that.
Tue Mar 5, 2024, 12:50 PM
Mar 2024

I had planned to work until I was 72. The dean at the school where I was an assistant dean had other ideas. (He got slammed back to the classroom since he was doing such a crappy job, and decided to take out his anger on someone he could get rid of without any reason. I had a 6-month "whim of the dean contract." During his tenure I was the second person with cancer he terminated, and the second over 60. He only terminated 3 people . . .)

The reason for the target age of 72 was that I would receive the maximum retirement pay in a defined benefit plan. So I ran the numbers and it turns out that if I found another government job (at 65), I would be around 100 before I felt the benefit of those extra years of work (60% now v. 75% for 7 fewer years on the front end). So I chose not to look for another job. But until I decided it wasn't worth it, I was not looking forward to re-entering the job market.

Hope you find something!

Recommendations

1 members have recommended this reply (displayed in chronological order):

No Polybius Mar 2024 #1
Wow Johnny2X2X Mar 2024 #8
Individual Polybius Mar 2024 #10
Sorry Johnny2X2X Mar 2024 #13
Can you consider putting future savings in an S&P index fund? Nt spooky3 Mar 2024 #32
Ouch! Ms. Toad Mar 2024 #42
A lot of retirement stock are tied to the bond market Johonny Mar 2024 #11
Mie is over 30%. sinkingfeeling Mar 2024 #20
I am sorry to hear that. ProudMNDemocrat Mar 2024 #41
Our investments lost 10% in 2022, but regained everything in 2023. brooklynite Mar 2024 #46
Your stocks are down that much? yardwork Mar 2024 #53
Stocks down 75%? You need a new broker. spanone Mar 2024 #55
Your stocks are down??? llmart Jun 2024 #61
Yup Polybius Jun 2024 #62
Despite inflation, and all the horrors, I personally am doing much better niyad Mar 2024 #2
Much better. Happy Hoosier Mar 2024 #3
I voted yes Johnny2X2X Mar 2024 #4
laid off 4 years ago, now making 2/3 my former $ RainCaster Mar 2024 #5
I hope your $ improve. Your answer had to be complicated karynnj Mar 2024 #9
Yes redqueen Mar 2024 #6
Much better in most respects PatSeg Mar 2024 #7
Money in the bank Johnny2X2X Mar 2024 #17
Those statistics are interesting PatSeg Mar 2024 #24
Great post Johnny2X2X Mar 2024 #27
That brings back so memories PatSeg Mar 2024 #38
Student loans Johnny2X2X Mar 2024 #12
Much better Trashman272 Mar 2024 #14
About the same ITAL Mar 2024 #15
Everyone I know is way better off now than before 2020. Higher income, better jobs. Heck my youngest is graduating MenloParque Mar 2024 #16
Same Johnny2X2X Mar 2024 #18
Yes and no. All Mixed Up Mar 2024 #19
Hope you can find a good new one. Nt spooky3 Mar 2024 #33
My retirement/401k is the highest it's ever been - right now; my salary LeftinOH Mar 2024 #21
Yes, much better! beaglelover Mar 2024 #22
I am genuinely shocked at these results Johnny2X2X Mar 2024 #23
Or limbicnuminousity Mar 2024 #28
Was trying to only get the pulse of DU Johnny2X2X Mar 2024 #31
Fair enough limbicnuminousity Mar 2024 #35
More good data in the internals regarding low income workers Johnny2X2X Mar 2024 #39
Doing better because of investments but lynintenn Mar 2024 #25
I've been treading water for years pfitz59 Mar 2024 #26
i have made more money, , saved more money and spent more on luxury expenses than the previous 4 MistakenLamb Mar 2024 #29
I have gained back my losses from Trump's Emile Mar 2024 #30
I think the media buys this myth of the pre Covid Trump economy Johnny2X2X Mar 2024 #37
Financially yes; health no, but it's not terrible. Nt spooky3 Mar 2024 #34
Anecdotally, I have been trying to hire people to remodel my home, with no luck. Midnight Writer Mar 2024 #36
And plumbers. It seems they've gone extinct. Vinca Mar 2024 #40
Yes. ProudMNDemocrat Mar 2024 #43
No TexasBushwhacker Mar 2024 #44
I contemplated that. Ms. Toad Mar 2024 #48
I really need to work at least another year TexasBushwhacker Mar 2024 #50
I don't know what your aptitudes are - Ms. Toad Mar 2024 #54
Way the hell better... GreenWave Mar 2024 #45
Own personal finances and general situation are two different things. Ms. Toad Mar 2024 #47
Yes and no. We got "Got mine!" better Sympthsical Mar 2024 #49
Not sure on the K shaped Johnny2X2X Mar 2024 #56
I'm in a much worse spot happybird Mar 2024 #51
I'm older and fatter. Oh! You meant am I better off under Biden? yardwork Mar 2024 #52
Financially much, much worse Tree-Hugger Mar 2024 #57
Very sorry for your situation Johnny2X2X Mar 2024 #59
Chugging along GenThePerservering Mar 2024 #58
I turned 80 last Sunday. Ping Tung Mar 2024 #60
Latest Discussions»General Discussion»(Poll) Are you better off...»Reply #48