Thread regarding AT&T layoffs

@dw+1jmbbzx9w entirely possible if you keep your taxable income low by utilizing brokerage accounts to live on. Teach your kids to invest in them and not just Roth and 401k which have age restrictions on withdrawals.

“ Family of 5 here, $520”

That’s pure BS.

" My nest egg has grown in retirement. I retired at 57 and I am now 64."

Are you adhering to the 4% withdrawal type logic or any other structured guidelines?

Same.

My nest egg has grown in retirement. I retired at 57 and I am now 64.

Let’s be real. If you love it as much as you say, this board would be a distant memory. Yet here you are trying to convince people to do the same. No thanks. I CAN retire but prefer to keep taking in checks, healthcare, bonuses and 401k match.

" $4M in 401K and IRAs worked for me. House and cars paid for."

I have about half that, mid 50's. Also, house paid for and no car payments.

I worry about it lasting if I were to start drawing from it already.

" It’s called IRS Rule of 55. Let your 401K give you a monthly check. No penalties."

I am familiar.

OP said "early fifties" so I took that (subjectively) to mean younger than 55. You need to turn 55 or be older in the calendar year you leave for the penalty free withdrawals covered under IRS rule off 55.

$4M in 401K and IRAs worked for me. House and cars paid for.

You should have retired a few years back when T still offered subsidized healthcare as long as you were MR75.

It’s called IRS Rule of 55. Let your 401K give you a monthly check. No penalties.

May I ask, ballpark, how much dough you have in retirement accounts?

And given that you are not yet of retirement age in your early 50s....what are you doing for income now?

I was involuntarily retired. Hit in a surplus. I wasn’t ready. Instill wanted to work for another 5-7 years. My brain still wants the challenge! Leadership at T went to the toilet in 2020. Before that we had some great leaders. t was a company who cared for their people. Now it’s all about the numbers and people are no longer seen as their greatest asset. Replaceable. I am thank ful for the years and leaders I haId at T. Some of the best! When I look at my 25 year retirement certificate, signed “John” i have nonsense of joy. I didn’t retire on my terms. The certificate only brings me sadness and anger.

Perhaps I should mail it back to John.

Stanky approves of this message, therefore I don't.

Stay the course until they pay you to leave.

Yay, I’m going to wait. Not spending down my savings on healthcare. Plus, healthcare dot gov may not even exist in a few weeks the way things are going.

If it were in the rear-view mirror, you wouldnt be coming to some obscure layoff website to talk about it.

Go enjoy your life dude, you're not missed.

“How much is healthcare running you? That's the biggest drawback for me is healthcare coverage for the next 5-8 years until I'm Medicare eligible.”

Family of 5 here, $520 for a much better plan than T ever offered. Healthcare.gov has the same great plans offered by every major insurance company but for less than T charged. That’s T for you, always selling us employees bs. Just like our over priced employee discounted mobile service that can be had cheaper at T Mobile.

How much is healthcare running you? That's the biggest drawback for me is healthcare coverage for the next 5-8 years until I'm Medicare eligible.

OP-
Congratulations to you! Best wishes.

Hold the door because more will be right behind you!

Hi JG! Glad you’re doing well.

This is a win for everyone.