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Thread: I gonna retire - finally

  1. #1

    Default I gonna retire - finally

    I don't post much, lurk a lot, read a lot, get a lot of laughs from some of you.

    Time has come to retire. I have been having some health issues because of that little conflict in SE Asia many moons ago. I've worked in the same place for 30 years - for the same family, starting as an engineer right out of college. Well, 30 years later I'm not doing like I was, felt I was a unnecessary expense to the company. I talked to the company president about my thoughts, he was taken back, but he understands. I looked at my 401k, the money I get from the gub'ment, I'm 62, economy sucks, have a son in college. My wonderful wife has good medical insurance and a nice income (she's 50 - anyone tell her I mentioned this we're gonna have to go out into the parking lot and talk about it). Anyway I decided I would stop working January 1. Filed the papers, rolled this into that and what ever else. Talked to my financial planner - he's been steady over the years - he made recommendations which I have followed.

    Friday was my last day and it was a hard day, I cried. Our company is a small company, less than 50 people, always made a profit, never laid anyone off, good people, they have been my "family". Friday night I drove home drained.

    Saturday evening we had our annual Christmas dinner and my retirement party. Let me tell you, I thought I knew these SOB's I worked for and with, thought I could read them - boy was I wrong! Turns out the 'old man' who originally started the company would take a undisclosed portion of our bonus and invest it back into the company. Thirty years of this built up to a tidy sum of cash, I found out about this at the party when he called me off to the side and handed me the statement. Then he told me they were giving me 3 years salary to carry to 65, I have full medical and dental on me and my family to 65 - no cost. Seems every time I turned around it was something more, I am still at a loss. They also want to retain my services as a consultant.

    Okay, I broke down. The 'old man' and I never had a cross word, neither have his son and myself, we have had disagreements, but we always worked through them professionally and like family. I was always free to speak my mind. After all of what he has and had done for me I was speechless, I'm still numb.

    Oh, and to boot, my son had produces a CD with my life history on it - he was actually able to get in contact with several from 'Nam and had their voices recorded in inter-aircraft communications - just like I remember. He actually found the nurse who attended to me when I was hit (she did remember me - she called the priest over for the Last Rights) - the priest was in there too actually reciting the Last Rights. Everyone in the shop and office are on the CD too telling their stories of knowing me and working with me - I must admit it's all positive. In fact the CD is playing now - for the 200th time.

    My son has his multi-engine instructor's rating, a junior studying aerospace engineering, and maintaining a 3.8 average (damn smart assed kids).

    All in all I think I will enjoy retirement, let's put it this way, I have to, I'm committed.

    Peace to every one, Happy Holidays, may God be with you.

    Axel

  2. #2
    Join Date
    Oct 2009
    Location
    Louisville, KY
    Posts
    1,902

    Default

    Sounds like you worked for some people who were a class act.

    Grats to you!

  3. #3
    Join Date
    Dec 2006
    Location
    Hazel Park, Michigan
    Posts
    332

    Default

    Congratulations Axel !!

    Sounds like you have done wonderfully all around.

  4. #4
    Join Date
    Jul 2003
    Posts
    463

    Default

    Wow, I can only dream of working for a company that cares more for me than the bottom line.

    I feel layoffs are only the next paycheck away, even when it isn't you it takes a chunk away... Doesn't do much to foster loyalty amongst your employees thats for sure!

    Enjoy your retirement!

  5. #5
    Join Date
    Jun 2003
    Location
    Columbus, Ohio
    Posts
    2,350

    Default

    Fantastic! Retired and you have a consulting opertunity, I'm not shure that you could do much better.

    Enjoy this time as much as you can.
    Congrats

    rock~
    Civil engineers build targets, Mechanical engineers build weapons.

  6. #6
    Join Date
    Feb 2006
    Location
    Harwich,Essex,UK
    Posts
    1,099

    Default

    Congratulations Fencepost on your retirement, sounds like your working life was as it should be for all. Its a pity the Banks never thought of that!

    Peter
    I have tools I don't know how to use!!

  7. #7
    Join Date
    Aug 2006
    Location
    Taylorsville Ky
    Posts
    5,871

    Default

    Well Axel, I hope your retirement is as good as your working career. I too am retired and I can offer this advise, don't sit down and quit. Find something to keep your mind and body active and continue doing it until you die. Some older friends in their 80's keep telling me they are afraid to stop working because they may wither away.

    Take care of your health because without health everything else is useless. The mind and body is a wonderful thing but if not used daily will wither away.

    work and have fun without the stress of the past.
    It's only ink and paper

  8. #8
    Join Date
    Mar 2001
    Location
    Nottingham, England
    Posts
    14,178

    Default

    keep sending the begging letters..................

    .
    .

    Sir John , Earl of Bligeport & Sudspumpwater. MBE [ Motor Bike Engineer ] Nottingham England.



  9. #9
    Join Date
    Jan 2004
    Location
    Illinois near Rockford
    Posts
    353

    Default

    Congratulations. You retired from a generous company and you left on your own terms and I think that is important. Now days people are forced into retirement on the companys terms instead of their own.

    I retired in 2007 at 57 after 30 years with the same company to run my own shop. Things were great until the economy crashed in late "08". But, my overhead is low and we are debt free. The home shop business is not dead, just slow but steady. I kinda like it that way. In February of 2010 I'll start drawing on my IRA. Our problem is the health insurance cost, $1100/mo for both of us. Freedom never did come cheap so we pay it and don't look back.

    It would have been easier for me to work a few more years the way the economy turned out. Sometimes I need to dip into my cash savings to cover expenses. I have no regrets retiring when I did. Doing things at my own pace makes it all worth it. Finally have time for friends, family, grandkids
    and home repairs. Money isn't everything although a close second.
    Outback
    So much to learn, so little time

  10. #10
    Join Date
    Feb 2008
    Location
    longmont colorado usa
    Posts
    18

    Thumbs up

    Axel
    What a great Retirement Tribute, You are loved! It just gets better. Thank you for your service, Treasure your Family and friends it sounds as you are a valuable asset to all.
    Allons
    William

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