I have one year left until I’m vested. Is it worth it though? Personally I don’t think it is, but I don’t how 65 yr old me will feel either.
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Do the numbers. Figure out how much you are gaining then ask that question. My coach asked if it’s worth it and my financial answer was no
work those years in your fifties in which CVX removes a 5% discount on your lump sum each year until you reach 60 (i.e. you double your lump sum pension between age 50 and age 60).
The company's contribution to your retiree health insurance is "gravy"
asking if it’s worth it to grind out one measly year for full retirement is absolutely wild
@OP this might be a stupid question, but vesting for what, the pension after 5 years or is there something else you must vest for that I am not aware of.
Yes. It’s worth it. It opens the door to more benefits when you retire. Points count.
Vested counts.
Don’t sacrifice today for a better tomorrow for You. Speaking from experience - I waited it out. So glad that I didn’t have regrets.
You can probably gut through one more year to vest, but make sure to put a reminder in your Outlook Calendar to make sure you don’t lose sight of the goal.
If I gets dicey as time approaches, just remember some key phrases that can be used to feign attentiveness and engagement, while simply buying time:
“Have we engaged our stakeholders enough as part of this decision? Should we deploy a stakeholder engagement survey?”
“This sounds like a task force should be committed to this process gap, shall we assemble a multidisciplinary team to develop a gap analysis tool to drive deployment of a business requirements package?”
“Mr. Blutarsky: Zero. Point. Zero.”
Use your vacation days on working Fridays to ease the pain…and then run. Take your pension lump sum. Move your 401k investment to a different institution. Not taxable if put into an IRA (don’t receive it yourself—-electronic transfer between institutions only).
I once figured out how to take Fridays off for 3.5 months using vacation days on working Fridays to get through a tough time working for a poor manager. It got me through that year. Good luck!
Yes. Stick it out and take all of your vacation before you leave, so you can manage the chaos.
You are almost at the finish line. With the high cost of gasoline that will continue until 2027 and potential unexpected expenses (new roof, auto accident, etc.) it might be worth it. Mostly depends on the status of your finances, health, mental health, etc.
I don’t think 50 is going to really change anything in the grand scheme of things