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Update on GFGmom and her post "retirement" life...geez!
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<blockquote data-quote="donna723" data-source="post: 504883" data-attributes="member: 1883"><p>I wish I could say Im surprised by her actions but I'm not. I saw too many people just like her when I worked for the State all those years. In our case, a few years ago they offered "buy outs" to veteran employees to cut down the number of employees and reduce the budget. I was just dumbfounded by how many people took them up on it! This wasn't an "early retirement" incentive. These were, for the most part, people who were too young to collect their social security or their State pension, but who were in their late 40's or early 50's and would have a difficult time finding another job in this area with our depressed economy. It was a little "windfall" but not a HUGE windfall. It was "X" number of dollars for every year of employment with the State. In my case (typical), if I had taken it, after taxes I would have ended up with the equivalent of about six months take-home pay ... and no more medical insurance. After that six months I would have had no money, no job, no insurance, and very little hope of finding another job at my age. The people who took the buyout mostly just saw that "windfall" and couldn't resist it but I wonder how some of them are doing now after the money ran out! Plus, by leaving before retirement age, when they WERE old enough to collect their State pension, the amount they receive will be much smaller than it would have been if they had stuck it out. You would think that at that age, they would have had a little more foresight to the future, but apparently not.</p><p></p><p>DDD, I know I'm "preachin' to the choir" here, but it's a big problem that she's basing all her hopes on becoming a nurse. When my daughter started nursing school there were 4 or 5 applicants for every position in the class. Some people applied every year over and over again before they were finally accepted and many never were. And in my daughter's class, at least a third of the ones who started the classes never graduated, for various reasons. Some couldn't keep up academically and others were dismissed for other reasons including missing too many days of classes. It takes a great deal of hard work and dedication. Gfgmom is probably going to be in for a very rude awakening. And when that happens, if you will be able to resist saying, "I told you so!", then you're a much better person than I am!</p></blockquote><p></p>
[QUOTE="donna723, post: 504883, member: 1883"] I wish I could say Im surprised by her actions but I'm not. I saw too many people just like her when I worked for the State all those years. In our case, a few years ago they offered "buy outs" to veteran employees to cut down the number of employees and reduce the budget. I was just dumbfounded by how many people took them up on it! This wasn't an "early retirement" incentive. These were, for the most part, people who were too young to collect their social security or their State pension, but who were in their late 40's or early 50's and would have a difficult time finding another job in this area with our depressed economy. It was a little "windfall" but not a HUGE windfall. It was "X" number of dollars for every year of employment with the State. In my case (typical), if I had taken it, after taxes I would have ended up with the equivalent of about six months take-home pay ... and no more medical insurance. After that six months I would have had no money, no job, no insurance, and very little hope of finding another job at my age. The people who took the buyout mostly just saw that "windfall" and couldn't resist it but I wonder how some of them are doing now after the money ran out! Plus, by leaving before retirement age, when they WERE old enough to collect their State pension, the amount they receive will be much smaller than it would have been if they had stuck it out. You would think that at that age, they would have had a little more foresight to the future, but apparently not. DDD, I know I'm "preachin' to the choir" here, but it's a big problem that she's basing all her hopes on becoming a nurse. When my daughter started nursing school there were 4 or 5 applicants for every position in the class. Some people applied every year over and over again before they were finally accepted and many never were. And in my daughter's class, at least a third of the ones who started the classes never graduated, for various reasons. Some couldn't keep up academically and others were dismissed for other reasons including missing too many days of classes. It takes a great deal of hard work and dedication. Gfgmom is probably going to be in for a very rude awakening. And when that happens, if you will be able to resist saying, "I told you so!", then you're a much better person than I am! [/QUOTE]
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Update on GFGmom and her post "retirement" life...geez!
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