I just missed the cut off for the VBO but have kept in touch with many who did take it. They all say the same thing, no regrets and they are enjoying life. Some are traveling others took time off before getting other jobs and are now double dipping. Meanwhile my department was hit hard by the VBO vacancies. A lot of senior leadership jumped ship so the experienced that walked out the door is sorely missed. A lot of new folks giving clients bad info and experienced reps having to pick up the slack and clean up the mess!!!
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lots of jealous people here
Let me understand this, you all signed the VBO papers not to discuss Fidelity, yet you are all here knocking the company that fed you all these years. You do understand that Fidelity has the right to cancel the VBO agreement. Be quiet and move on.
@9kfo+1dloVdKa SAME! In the last 2 months I got bad info from the VBO line, a 401k rep and when I called in to enroll into the VBO healthcare the rep had no clue what she was doing. I had to call back twice just to make sure my healthcare was setup correctly. I'm thankful that my rep at the Investor Center has been absolutely wonderful. I'm never calling the 800 numbers again - way to many new people (like the troll on this site) answering calls right now.
What ever floats your boat, enjoy pasture.
Wow, there are even trolls on this site? We either chose to leave or stay. Seems like things worked out great for most posting here. How could you NOT turn down the VBO; a once in a lifetime windfall. Always a risk with either - staying too. You never know what’s around the bend and some stay out of fear of change and are complacent. Loved my time at Fido but things run their course and need to jump on opportunities when presented. So happy on the other side.
Regret taking the VBO, he-l no! What I regret is every time I call customer service at Fido, because it blows chunks. Thinking about moving my money to Vanguard.
Guys, if you are so happy to have made the right decision to leave, why are you still fixated with Fido. Obviously you guys are having second thoughts that you should have stayed. Go on with your temporary compensation and don’t flatter yourself that Fido wants you back, they are just trying to make you feel good. Move on.
@6eos+1dloVdKa the cream of the crop left on 6/30, 9/30 and soon 12/31. I was a 9/30 VBO and they have already asked for me to come back...that is a big NOPE. Zero regrets and not even a month into retirement and I'm already happier than I have been in over 20 years.
Fidelity is a great company, but wish I would have taken the buyout. Hoping another VBO will be offered sooner vs later.
Left 6/30. No regrets. Really liked my job but taking an early retirement was nice.
I want to hear more about Thanksgiving bonus. Anyone?
News flash!!! ALL meaningful jobs have stress, so you might as well get compensated well. Grow up guys. Maybe you were the wrong fit for Fido. Fido only keeps the cream of the crop. Enjoy the pasture.
@5slk+1dloVdKa How can you say people are better off staying? You know absolutely nothing about me or others that accepted this offer! Not everything is measured by money/compensation. But I guess it is for you, For me, quality of life, job fulfillment, reduced stress, and feeling valued are more important to me and more valuable at this stage of my life and career. Fidelity was a great place to work, but time to move on. Enjoy your stay.
Sorry, you guys fell in the trap. You were better off staying at Fido with a great compensation package and fully vested. Temporarily you will feel smart but Uncle Sam will be taking a big chunk out of your wallet.
Just heard from the grape vine we are getting an extra Thanksgiving bonus this year due to Fidelity out performing the competition. It’s going to be a great year.
Sorry, you guys fell in the trap. You were better off staying at Fido with a great compensation package and fully vested. Temporarily you will feel smart but Uncle Sam will be taking a big chunk out of your wallet.
Not answering the question you asked but took the VBO and was done 6/30. I got a job offer in early June but negotiated starting mid-July. Double dipping for a while, a long while. Took a chance but been a blessing financially. Great package from Fido and decent compensation with my current employer but capitalized on the opportunity to speed up real retirement and having fun with spending sprees now!
Took 6/30 VBO. Got another position at a competitor after 2 months off. I’ll double dip for almost 2 years. Don’t mind if I do. So my break even is more like 4+ years. I know my worth, and when it’s time to move on. Would do it again in a heartbeat. No regrets.
The dust has not completely settled yet, there is still one more round of people to leave on 12/31.
Nope - the break even is only a couple years at most if you have some shares and with Fidelity ki----g it right now the pressure is off. Career vitality is still a buzz word and limiting if not a target person for promotion but all in all it’s a great place.
Now that the dust has settled a bit.