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Well, so that happened. - Printable Version

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Well, so that happened. - Bob Schroeck - 04-14-2026

My employer has been going through a couple rounds of staff reductions, and I was one of about twelve that were let go yesterday.

Unlike in the past, though, I am close enough to retirement age that I doubt my prospects for being hired anywhere else are very good, so after consulting with our investment team, I have decided to retire about a year earlier than I had originally planned.

So that makes two of us, now, Rob...


RE: Well, so that happened. - robkelk - 04-14-2026

A word of advice: Sort out your taxes and get any severance payments you might be owed right now, and don't assume that anybody whose job it is to get anything to you is actually going to do it without prodding. Becoming retired is your full-time job for the next month or two.

Then you can relax, and/or kick your writing into high gear.


RE: Well, so that happened. - Bob Schroeck - 04-14-2026

Severance is 12 weeks, starting pay period after this one (I get remaining pay plus accrued vacation next Thursday). Withholding is already worked in.

The big issue we have to deal with is healthcare for the 14 months until we qualify for Medicare. (Well, 14 for me, 12 for Peg.) Now that we've got the distributions from our investments set up, that's our priority.


RE: Well, so that happened. - ckosacranoid - 04-15-2026

So does this mean we get to see more Doug whowing up on here soon?
Congrats on retiring, even though it is a year early. Good luck getting everything worked out over the next month.


RE: Well, so that happened. - Bob Schroeck - 04-15-2026

We'll see. KanriKyara is taking a whole lot of my brainshare these days.


RE: Well, so that happened. - Dartz - 04-16-2026

Congratulations on the milestone. Enjoy it it good health.


RE: Well, so that happened. - Bob Schroeck - 04-30-2026

So... two weeks later. Severance agreement signed and submitted. Company property returned. Last formal pay received a week ago. Severance to start a week from today. Company 401K closed out and is currently in transfer to our primary investment account(s). Disbursements from those accounts to start in August, after the severance runs its course. We've elected to take COBRA coverage for our health insurance until we both reach Medicare age in June 2027; to our surprise, it's better coverage than anything we can get on the state marketplace, and in the bottom third or so of the price range. On top of that we've got an appointment a year from now to start working with our investment firm's Medicare team to figure out what we're doing with Medicare come next June.

The last two weeks have been complicated by a) quarterly property taxes, b) some very expensive auto maintenance, and c) my mother-in-law's 90th birthday, being organized by Peggy and celebrated twice on two successive weekends because the entire family couldn't gather on the same date. The last of those is the only thing still ongoing and once it's done with, Peg and I can start taking it slightly easier.

We've tentatively set up a plan to do weekly day trips to places around the NJ/NY/PA area that we've been wanting to visit or return to but haven't had the chance in recent years; not to mention a bit more beach time. We need to get our senior passes to the state park system, too.

Oh, and I suppose it's time to finally join AARP.


RE: Well, so that happened. - classicdrogn - 05-14-2026

Good to know you seem to be getting on well enough in making this transition,. Major life changes are always a pain, epecially when you weren't quite expecting them yet,


RE: Well, so that happened. - Bob Schroeck - 05-14-2026

Tell me about it. The post office lost my severance agreement, and I didn't find out about it until the beginning of last week. I sent a PDF copy of it by email to HR, but the HR person was on vacation; it didn't get accepted on their end until Monday of this week; we didn't get the first severance payment until yesterday as a result. But now that's all straightened out, the 401K disbursement reached the investment company and went into my account there, and this morning I did the last major juggling of money we'll need to do for the foreseeable future. The only duck I have left to put in the row is setting up automatic payment of our COBRA premiums on Monday. After that, it's just the usual bill pay schedule and figuring out what to do with eight more hours of free time every day.


RE: Well, so that happened. - robkelk - 05-14-2026

(05-14-2026, 11:50 AM)Bob Schroeck Wrote: ... and figuring out what to do with eight more hours of free time every day.

Doug Sangnoir's lonely...

(You knew somebody was going to say it. Smile )


RE: Well, so that happened. - classicdrogn - 05-14-2026

I'll thrown in my unsolicited two cents and say to at least make a genuine effort to use one of those extra hours for some light physical activity - not necessarily exercise as such, but taking a walk or moving the furniture nominally to vacuum underneath, or taking down all your potted plants to check the soil and water or prune or whatever care for them and put them back, organise the bookshelves,  whatever. Not even the same thing every day, just something active enough to avoid becoming the stereotypical shuffling oldster who's lost all physical conditioning for longer.


So I say, make time to do something that means you get up and move around,m even if only incidentally to whatever you're actually doing. Not having an enforced schedule is very nice, but does mean you have to impose something like that on yourself, in whatever form it might take.


RE: Well, so that happened. - Bob Schroeck - 05-15-2026

Well, I do have more than a few physically-active things planned. As I might have mentioned earlier, Peg and I will be taking a lot of day trips, at least through the summer and early fall, and many of them will involve a fair amount of walking. My office is a mess and needs a thorough cleaning and re-sorting of books and papers. We have a greenhouse we need to get a foundation poured for, and then we can assemble that ourselves. And Peg wants us to clean out the garage. At least in the short term that's all going to keep me active.