Retirement

Congratulations on a long and successful career. While you are figuring out what to do next, take some time for housekeeping items. You are probably being monumentally overcharged for your auto insurance. Shop around to find a better deal. Look at all of your insurance coverages while you are at it. Health insurance is a biggie. There is money to be saved to the tune of a few thousand a year if you have not been shopping due to the pressures of working. Someone mentioned an IRA. For anyone with a 401k or/and an individual IRA or two, it makes sense to roll them all into one retirement IRA. This makes distributions far less complicated. Get all of the stuff in your house up to speed. When is the last time you replaced your water heater? They last about ten years and don’t tell you when they will fail in a big mess. Furnace, AC, roof, same thing. Do you have a will and have you taken advantage of trust funds to avoid probate? Getting your affairs in order is a wonderful gift for your children. While you are doing those things look around at open positions. They are everywhere if you want to get a job. If not, consider volunteering at a nonprofit in some capacity. Look for something meaningful to do. Lots of options for a person in your position. Just my 2 cents.
 
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sbw1 said:
Congratulations on a long and successful career. While you are figuring out what to do next, take some time for housekeeping items. You are probably being monumentally overcharged for your auto insurance. Shop around to find a better deal. Look at all of your insurance coverages while you are at it. Health insurance is a biggie. There is money to be saved to the tune of a few thousand a year if you have not been shopping due to the pressures of working. Someone mentioned an IRA. For anyone with a 401k or/and an individual IRA or two, it makes sense to roll them all into one retirement IRA. This make distributions far less complicated. Get all of the stuff in your house up to speed. When is the last time you replaced your water heater? They last about ten years and don’t tell you when they will fail in a big mess. Furnace, AC, roof, same thing. Do you have a will and have you taken advantage of trust funds to avoid probate? Getting your affairs in order is a wonderful gift for your children. While you are doing those things look around at open positions. They are everywhere if you want to get a job. If not, consider volunteering at a nonprofit in some capacity. Look for something meaningful to do. Lots of options for a person in your position. Just my 2 cents.
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Very, very good!
 
Creekwood said:
Right-to-work state? Does that mean you cannot sue them?
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Correct

sbw1 said:
Congratulations on a long and successful career. While you are figuring out what to do next, take some time for housekeeping items. You are probably being monumentally overcharged for your auto insurance. Shop around to find a better deal. Look at all of your insurance coverages while you are at it. Health insurance is a biggie. There is money to be saved to the tune of a few thousand a year if you have not been shopping due to the pressures of working. Someone mentioned an IRA. For anyone with a 401k or/and an individual IRA or two, it makes sense to roll them all into one retirement IRA. This make distributions far less complicated. Get all of the stuff in your house up to speed. When is the last time you replaced your water heater? They last about ten years and don’t tell you when they will fail in a big mess. Furnace, AC, roof, same thing. Do you have a will and have you taken advantage of trust funds to avoid probate? Getting your affairs in order is a wonderful gift for your children. While you are doing those things look around at open positions. They are everywhere if you want to get a job. If not, consider volunteering at a nonprofit in some capacity. Look for something meaningful to do. Lots of options for a person in your position. Just my 2 cents.
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Geez, now I am too stressed to retire ;)
 
"Right to work" has absolutely zero to do with employees/employers litigating over things like wrongful termination.

Right to work states are states where an employee cannot be required to join a union, and subsequently cannot be required to pay union dues as a term of employment.

And yes, the plane will take off even if the conveyor is located in a right to work state.
 
sbw1 said:
Congratulations on a long and successful career. While you are figuring out what to do next, take some time for housekeeping items. You are probably being monumentally overcharged for your auto insurance. Shop around to find a better deal. Look at all of your insurance coverages while you are at it. Health insurance is a biggie. There is money to be saved to the tune of a few thousand a year if you have not been shopping due to the pressures of working. Someone mentioned an IRA. For anyone with a 401k or/and an individual IRA or two, it makes sense to roll them all into one retirement IRA. This makes distributions far less complicated. Get all of the stuff in your house up to speed. When is the last time you replaced your water heater? They last about ten years and don’t tell you when they will fail in a big mess. Furnace, AC, roof, same thing. Do you have a will and have you taken advantage of trust funds to avoid probate? Getting your affairs in order is a wonderful gift for your children. While you are doing those things look around at open positions. They are everywhere if you want to get a job. If not, consider volunteering at a nonprofit in some capacity. Look for something meaningful to do. Lots of options for a person in your position. Just my 2 cents.
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Actually car insurance ain’t bad, 4 cars $320 month full coverage.
Calling Jonathan for the $9.95 plan, Dy-no-mite Jimmy to check my zip code, and Ice-T for Car Shield because he’s always been official.
Got it covered.
 
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Stee6043 said:
And yes, the plane will take off even if the conveyor is located in a right to work state.
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But are the wheels spinning forward or backwards?
 
Yeah, we pay about $1,500 a year for full coverage with three cars. He must have a lot of drunk driving tickets.

My annual bill came a few weeks ago so I did some comparison shopping, nobody could beat the provider we have right now, Erie.
 
mrsrobinson said:
"The bank" RIFed me 1 month before my 401K was fully invested. I got nuttin' from them for 401K contributions. I begged and pleaded with HR but got nuttin' in return.
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Seems to be confusion over "right to work" versus "at-will employment". At-will is pretty much the default (I think one state isn't) and means the employer can fire employees for most any (non-discriminatory) reason and that employees can leave any time they want.
On the 401K vesting, HR probably couldn't help you even if they wanted to. Whatever the plan says pretty much has to be followed. I think this is less of an issue since 2020 when a new law went into effect that restricts "fall-off-a-cliff" vesting.
But, ERISA (the law that governs retirement benefits, 29 USC 1140) prohibits discharging an individual solely to prevent them from obtaining a benefit right. I suspect you have a good case just based on the timing of your RIF and it might be worth talking to an employment lawyer. Not sure how far back one could go to make a case but if you could, I imagine you might reap a very pretty penny that includes whatever they took back as well as whatever it might have returned since you left.
 
mrsrobinson said:
Yeah, we pay about $1,500 a year for full coverage with three cars. He must have a lot of drunk driving tickets.

My annual bill came a few weeks ago so I did some comparison shopping, nobody could beat the provider we have right now, Erie.
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Send me your address so I can register my cars there. Asked my friends here. Average is $100 per car per month.
 
Pirate Lady said:
Send me your address so I can register my cars there. Asked my friends here. Average is $100 per car per month.
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That is about what we pay ( we pay a tad more). Two of our cars are with Hagerity and the daily driver is with encompass.
 
Pirate Lady said:
10 years ago Nation wide went crazy on rates, went to Progressive. Heard of Erie, May give them a call, Location matters too. Rates are higher here.
No tickets or wrecks.
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We have Erie, $1100/yr 2 vehicles, full coverage.
 
copb8tx said:
Simply comparing monthly insurance cost isn’t relevant without knowing vehicle values, types, locations and driving records.
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Insurance costs are quite variable in ways that are not intuitive. My 2021 Porsche is about $90 cheaper per year to insure than my wife’s 2020 A5 Audi Sportback. It cost more than double the cost of the Audi. We are the same age, have the same credit rating, no tickets or losses in more than 35 years and both drive around 7,000 miles per year. Once I retired, I realized how much Liberty Mutual was hosing us on premiums. We were paying close to $4,000 per year for two comparable cars at the time. Years later we are paying about $1,900 per year for both cars and just received an $800 refund.
 
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