Do you dislike your job, able to retire but don't?

Anonymous101

I've read a little about people that have engineered a lay off for themselves once they get to this point. Has anyone any experience of this? I've be interested to hear peoples opinions whether its a good idea or feasible or not.

bigfer

Been "away from the employment market" nearly a year with the wife joining me next week.
i didn't hate my job, just distrusted the company i worked for and all the senior management.
Did the sums, spoke to my FA and left at 56 and the last year has been great. More time to mess around at stuff that only i would get benefit and enjoyment from and off peak holidays every few months.
So if you dislike your job, can retire but don't......then what's the point of bothering?
Running out of money is optional, running out of time is compulsory.
Sun is out and that sudoku is not going to do its self...i'll bottle the homebrew tomorrow......

green_man

Anonymous101 wrote: »

I've read a little about people that have engineered a lay off for themselves once they get to this point. Has anyone any experience of this? I've be interested to hear peoples opinions whether its a good idea or feasible or not.

As I stated above, yes I have done this. I’m not sure what type of information you are after. I had been planning my retirement for a number of years with the plan of retiring at around 53/54. A redundancy payout meant I could bridge the gap financially to link in with my plans.

As for actually engineering the exit within your business, well that depends on your work circumstances. In my case redundancies had been offered 6 months before my exit but not to me (despite being in the target group), obviously you need to be smart about how you manoeuvre yourself.

Anonymous101

green_man wrote: »

As I stated above, yes I have done this. I’m not sure what type of information you are after. I had been planning my retirement for a number of years with the plan of retiring at around 53/54. A redundancy payout meant I could bridge the gap financially to link in with my plans.

As for actually engineering the exit within your business, well that depends on your work circumstances. In my case redundancies had been offered 6 months before my exit but not to me (despite being in the target group), obviously you need to be smart about how you manoeuvre yourself.

I was just interested in hearing from people that have actually engineered their own lay off. Obviously there's a chance that any employer can offer redundancy at an appropriate time but I was thinking specifically about if anyone had approached their boss with a view to prompting a conversation about being made redundant.

Brynsam

rnj wrote: »

Would be good to get a job you could just turn up when you felt like working right?

Try self employment on a casual basis - i.e. accept 'one off' projects rather than ongoing commitments.

Brynsam

michaels wrote: »

Planning to retire at 55 and feel poor.

However hate working so much am contemplating retiring at 52/3 and being penniless.

And even then those last few years feels like a life sentence....

Could you do something else (anything else!)? If not, why not - most people who believe they don't have a choice are often wrong. Although a small number are stuck with where they are (you may be one of them - I know nothing about you), I come across many more who, when encouraged to think about it, realise that the 'good reasons' they are putting forward are, in truth, nothing more than excuses based on a fear of the unknown.

Will you look back and regret not even trying to break out of the strait jacket?

Thrugelmir

Anonymous101 wrote: »

I was just interested in hearing from people that have actually engineered their own lay off. Obviously there's a chance that any employer can offer redundancy at an appropriate time but I was thinking specifically about if anyone had approached their boss with a view to prompting a conversation about being made redundant.

Then you would need to make your role redundant. Has to be a benefit to the organisation in making a pay off.