Interest rates aren’t going to get any lower anytime soon. Early 2026 is a good time to retire
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2021 was a better time to retire once it became clear what the MC's plans for HC10 employees were.
@j5 No, since the goal is to make the number of HC10 individual contributors ZERO.
@ed only if they don’t want to manage their retirement income and become beholden to EM for their retirement.
Will this wave of retirement eliminate the need of nsi/pip quota for 2026?
In 2026, there will be a significant wave of retirements between April and August. H/R has a statistical model to predict who, what, where, and when those retirements will occur.
Yes. Don’t work until you die.
Over the last five years since taking the lump sum pension, my IRA has returned 13 to 15% return on investment. My IRA investment is better than most capital-intensive projects in ExxonMobil.
Taking lump sum when interest rates are low back and roll it into an IRA was the best financial decision I ever made. Doubled my money in 3 years because the market was roaring back. Literally I would be working for nothing if I had continued here. Of course there was an emotional aspect of early retirement. Then I really do not like working at XOM because of the toxic culture. It was destroying my health. I ran many scenarios looking at the hard numbers before making my decision.
And why would someone choose not to take the lump sum?
Man I wish. I’m watching the chosen ones in the group already moving to place themselves in pds place. New boss mia like old boss. Will be a party.
Interests rates only relevant if taking lump sum.
Can’t disagree. Could you imagine what this place will be like down the road?