Thread regarding Verizon Communications Inc. layoffs

As a person who also retired on this package, to give you any idea of how much she got is not a strain form answer. Everything depends on how she filled out the paperwork, if she did. Not many knew to contact Human Resources to get the retirement paperwork. I recommend that if she hasn’t done this, to have a professional money manager do this. I wish I could have given a better answer. I believe even the bonus separation money is not the same across job titles.

When I see the title of this thread, I can't help but think of the song by Fountains of Wayne.

TROLL

Sounds like you might end up on forensic files in about...5 years.

Last I checked it was a billion dollars.

Too many unknown variables....being 60 she should be fine and will start taking $ from her 401k...she will get at least $37k in one big chunk in january....she can take monthly pension which maybe $25K/yr or higher, or the lump sum, if thats her choice ...she will also be gettin $1k/month for four years as a bonus too and she can elect to collect SS at 62 or 65....congrats to her....

She MUST go to with setting up an annuity with a Firm with a reputable standing. Isn’t hard to find. Many Verizon people use 10-15 associates and are very happy with them.
That’s if she took the lump sum, if not, then It’s a simpler process, but not as lucrative.
Stats say 40% of lump sum retirees who try to manage their own money without professional guidance are broke within 5 years.
So the Worst option would be to take the $ outright and stick it in her bank. That’s a losing proposition

I think she won’t tell you what’s going on because she doesn't want you to KNOW what’s going on, not because she doesn’t want you to worry . First you ask what any package is worth then you ask about a death benefit. In the original post you say this money has to last potentially 30 - 40 years. Is that 30 or 40 years your life expectancy because in your next post, @uzvo, you say you don’t know if she will make it 5 years from this point. You are either an ex, a bill collector or a very greedy son/daughter. I’m with your mom. She should tell you nothing

@2ayh+187SCwbL that and the fact that she may not even have her kid designated as beneficiary. lol

The idea that you are talking about her worth after her death makes it sound like you're trying to figure out her worth for your own selfish gain. Go find a job and stay out of her business. She worked all these years and managed fine without you sticking your nose into her finances. You are sound too suspicious at this point. Interesting how the conversation changes from worrying about her long term to what she is worth after death.

Such cynics you all are! I'm 32, by the way. Last question, and then I will let you all be, if something happens to her, how much is a death benefit? As I am an only child, I'm not interested in semantics, only numbers. I don't know if mom will make it more than 5 or so years from this point.

Dats suspicious.

I bet you want to know so you can weasel money from her! Worry about yourself and let her have a life! If she held and job this long, then she’s fine taking care of herself. You’re the one that needs to but t out!

Agreed, talk to mom rather than snoop behind her back. If she’s put the minimal amount in the 401k, after 32 years she is north of $1 million. She also is eligible for a lump sum pension that is shy of one million. If you’re not living with her, she’ll be fine.
But, as said previously, why not just talk to the lady.
Anyone who holds a job for 32 years has a good head on her shoulders.
The fact that you’re here, rather than having a frank conversation with your mother makes you suspect.

Instead of having discussions with complete strangers, talk to your mother. Note that she is also a grown adult and don't think it is any of your business of what money she may or may not have. Just imagine the table being turned and having someone snooping into your finances. If your mother is not concerned, then nor should you. How do any of us know what your true intentions are? If you don't know what you're mother has done for the company all these years, why ask now?

She is definitely in the union though.

I'm not sure what all the coded language is, but thank you to the one person who gave some info 🙏🏿 I'm not even sure what her job is, but she's not management and has worked since the Nynex, Bell Atlantic days. She complains that all they have her do is busy work, especially now since she works from home.

If your "mom" is union, she will be showered with cash and free unlimited healthcare until the end of time. Worry not, indoctrinationee.