I’m out at the end of the year! For those in RTO sites, did that impact your decision? It accelerated my timing by 6 months.
14 replies (most recent on top)
@OP Did you have to sign on non-compete agreement as part of the retirement departure package? I just don't want to retire and then in 6 months decide I want to work for competitor.
I am leaving in January and I have been telling it like it is to everyone especially senior Leadership.
Since you’re gonna be out by the end of the year, does it make you feel any different about being in the office now? Feels like it’d be nice, but you also might want to enjoy the moment while you’re there… IF you can enjoy it.
52 here. it’s weird and it may not resonate, but i’m actually becoming more fond of work, not less. never would have thought. maybe i know i’ll miss feeling this productive when i retire. to each their own. good luck all!
me me me 🙋
I found another one that is retiring. Wow. All the people I like working with are retiring.
As far as health insurance goes, couldn't you just use your left over HSA and the RHRP with these innovative health programs. I hear that CrowdHealth is pretty good (with some caveats).
OK folks, I retired at 52, just 2 years ago. I want you to understand that Health Insurance is totally easy. It's just a matter of ACA subsidy planning and MAGI control. Basically I took a huge tax hit right before I retired, so that my cash buffer would allow me to live a 150k /yr lifestyle while keeping my taxable income right below the 400pct FPL threshold for the ACA subsidy. My bronze plan costs me 151 per month for both my wife and I. Do it. Do the math. Make it work.
I'm 52 and my plan was to exit the year i turn 55. With RTO I probably won't make it that long. If eligible I'd take retirment now but that's not the case so we'll see how long I last. I do wish they'd change the eligibility criteria for long tenured associates under 55. Maybe sweeten the retirement package also, it's pretty poor TBH, almost better to get laid off.
Just turned 58 feel I need 4 more years to be super safe or 2 to be safe. I’ll stick it out and su-k it up because that’s what you do.
@br totally get that! It’s a big factor. Just for context, the COBRA for me and my spouse for the Fidelity Health Plan will be $1,700 a month. You have to pay separately to retain the medical and dental. The plan after COBRA until retirement is closer to a PPO plan and for the two of us, it is currently $2,700 a month. RHR will definently help but will likely go to the marketplace when COBRA ends. Hope that helps a little!
I've decided to retire end of March, at 59 years young. My site is not RTO yet, but most likely will be around that time. That is the number one factor in my decision. To be honest, I'm kinda glad about the RTO because it's forcing me out a bit sooner than I would have done otherwise. And once I made that decision, I realized it was the right one and I'm very excited.
Congratulations on your retirement!
I'm considering it but given under the age of 65 medical insurance costs are giving me pause. My years of service gives me 2 months of salary, COBRA for 18 months which would need to investigate further the true cost & the RHP may help shoulder some of that expense. Rising health insurance costs in the private market could derail things when COBRA expires.
No doubt RTO absolutely su-ks! Just no real purpose or accomplishment that I can see from an employee perspective. The culture at Fidelity has shifted into a less sincere, into more of a desperate, sales is all that matters culture. These factors make retiring earlier than planned a real possibility. The more dissatisfied I become will increasingly be my push out the door. Enjoy your retirement!
I know someone who retired because of RTO.
She was losing her mind coming into the office.
I'm happy for her.
Coming up soon for me. Our site hasn't gone full RTO yet, but we all know it will happen in early 2027. Like you, that knowledge accelerated my decision by 6-18 months.