Thread regarding Chevron Corp. layoffs

Don’t get all philosophical @27tth. You know exactly what the previous post was getting at.

Nothing is irrevocable except death (and maybe taxes).

-27roz, There is most certainly an irrevocable mandate that the next generations needs to make good on the promises and actions of their predecessors. It’s a sovereign obligation. Any country that fails to honor the obligations to its citizens is doomed.

Too rich, the baby boomers lecturing millennials on responsibility! The generation that ran up a huge national debt while allowing the countries infrastructure to decay, mismanaged their retirement funds so badly the system is going bankrupt, and still holds on to all the old xenophobic hate of the “other” they ridiculed their “great generation” parents for when they were young. Now they think the next generations should pay it forward (and backward) to clean up their huge mess, even as they argue to kill any education support to get the next generation up to speed or even health care support for the current generation of workers. Go ahead an agrue that everyone should make it on their own, but that philosophy applies equally to you in your old age. As you all are so fond of pointing out (in relation to other issues), there is no “constitutional right” to social security. There is also no irrevocable manadate that the next generations needs to make good on the baby boomers promises to themselves (particularly when they were told over decades the system was insolvent, but rather than stepping up and doing what was right, continued to chant “no new taxes but do not cut my benefits”). Now you have the nerve to suggest all the problems are do to with the lazy millennials...that’s rich... I was not around when you all made your bed...look in the mirror!

See that, millennial good-for-nothing useless Southpark Beavis dillweed. You got the deadwood dude all riled up. Next thing we hear you are going to lecture us on LGBT issues and the environment, etc., as if that's a cause that your generation came up with on your own.(Que Sierra club, flower children, etc., etc., )

One thing that I've learned over the years is that there is very little that changes from generation to generation as far as activism mindsets and trends go, yet each new generation thinks that it's unique to their generation and that they've created that quest all on their own, independently. Too funny!

26ewr, Yes you really have a good head on your shoulders there junior simpleton! All of the previous generations before you, silents, boomers, Gen X, etc., paid into the SS and Medicare system with every paycheck and worked for much longer than the average today - always to 65 and further, paying FICA-HI and OASDI from every check much longer than you have ever been on this Earth. Yet the entire system gets corrupted and deconstructed midstream on them.

And you little sniveling whiny millennials who yearn for Basic income and Universal heath care paid for by others, of course, because you just deserve to be coddled from cradle to grave, have it so hard you Poor Little BAYBAYs!!!! We all feel so bad FOR YOU!!! Wah Wah wah !!! I will cry myself to sleep tonite it's so sad!!! Ooooh... po' lil' Thangs! It's so sad that your mommies can't hold your lil hands all the way through life and you need the gubmint Teat to svck on, dependent on your neighbors tax dollars, for the ACA, and everything else like it. Wah! Wah! Wah!. Oooh I think I need a box of tissues tonite to sleep with, I don't think I'll make it! LMAO!!

Don’t you worry, -26ewr. You also will be able to drink all your water and leave the bills to be paid by the next generation of colts. This is the USA and nothing is going to change with the debt situation. It’s too late to fix that problem, if you want to view it as one. Debt is a world problem. Other economically powerful countries will succumb to disaster over their debt before the USA does. So don’t lose too much sleep.

Baby boomer horses like to drink all their water, but leave the bill to be paid by the next several horses in line.

Yeah. Millennial horses tend to prefer that water is brought to them.

... or you bring water to the horse.

"you can led a horse to water"

That's called no degree at all.

If you are only 50 years old, It's a completely different story. That's a lot of time to be on the retiree insurance and their reimbursement is apparently less. I will be taking it at about 60. If not, I would find a job for the duration that has a company HC plan, I have a part time job now which offers that, I am lucky to have found it. If you are valuable enough, then many companies will work a deal with you to get you or keep you. I would seriously look into that. It's great to have a job and also plenty of time off. I'm not sure that I could be idle continuously. I tried that for a year and was miserable even though I didn't need the money.

From the tone of some of these comments, it looks like many of you are younger and may not have as many options. Go out and get a job and quit playing on the internet! Chop chop!

-26sfx: You have multiple STEM degrees? Just goes to show you can led a horse to water but.....

What happened to the retiree insurance discussion? I have decided to go with the retiree. I am opting for the pension annuity since it is a much better deal for me and my husband as a safety net. We have enough other investment vehicles to keep us occupied with playing the market and at many different risk levels. As others have commented before, there is not much better on the market for an annuity. You may need to be a bit older to have an interest in that, I certainly did not care about annuities when I was young and foolish. I would have taken the lump sum, risked it in the market or spent it foolishly. Today, that solid income stream is welcome and a source of freedom til we die. I am pretty sure that precludes us from getting the government sponsored ACA insurance, which I don't care for anyway after reviewing the options and coverage. I have heard a few horror stories about that as well. It sounds good until you need to use it.

So loser without a life "LMAO-girl" 26iwk resorts to insulting others when left with no argument. That's rich. He insults others, then whines and complains when he finds out that others are doing better than him, calls it B-S (typical loser response) and throws a hissy fit.

Keep up the entertainment. I'll get the chips & dip! - Ha Ha Ha!

-26sfx is a classic example of a pompous blowhard. But he’s really only a legend in his own mind. Priceless. LMAO.

26twf, Thanks for cluing everyone in on your pathetic salary. Yes, I have multiple STEM field degrees and can lecture you anytime at my leisure, and you will simply have to accept that, sorry, little fella. What you really are suffering desperately from though apparently, is lack of investment expertise. That must be the reason why you are so miserably envious and butthurt by learning of someone who's passive income dwarfs yours. Keep that mindset and refuse to learn, and your malady will only get worse. It's your choice.

Yes - and keep harping on the definition of "order of magnitude" to deflect- that's mature. We get it, you're an adolescent. I won't tell anyone if you won't - LOL!

25yao, yes you did come back rather quickly with that envious reply to your buddy there. What's it like dripping in jealousy there, pal? You read like a cheap novel. Bring back the parasitic butthurt loser who thinks he's all great and successful sponging off of other taxpayers. You know, the classy one....

-25kok: If the distinction between several times and several orders of magnitude is lost on you, then you lose the right to lecture others an STEM skills. I made several times $50k last year, but am unlikely to earn several orders of magnitude more than that in my life time. As far as I can tell those gaming the ACA subsidies are doing so using their Roth funds (or maybe by some poor planning a pile of cash that made no gains), neither I expect will last long...but maybe long enough to get them to 65, when they will start to collect a different type of publicly funded subsidy (Medicare).

-25kok, your quick comeback remark proves my previous statement. People like you take the bait every time.

@25uaw, That could be said of any comment on this entire site. A person who doubts that another person has a certain net worth or income, when it is well within the norm for a professional, O&G, software, STEM field or other, is revealing more about themselves than anything else. There is no need to envy others whom are more successful than you. And monetary net worth or income is not a sole indicator of success in any event. To be shocked by an annual income of several times ($50k) in investment gains says it all. Google. Research. Learn. It's a big world out there. You have plenty of time if you are as young and naive as you seem.

Sorry to say, There’s no ring of truth to your statement, -25gym.

24avk, No just several TIMES 50k. Sorry pal if I made a math terminology mistake. We've had a bull run lately, so I have recency bias. Forgive me. Also forgive me and the many others who have earned several years of retirement budget on returns this year alone. As usual, we are prepared to lose it to mr. market, if necessary. You be too. Cheers!

24pdy, Yes Indeed, you keep thinking that the "financially astute and wealthier folk" are the ones who are all scrambling to make sure that their taxable income is less than the cut-off for enough of a subsidy so that they can have the option to pick from whatever insurance providers in each state are left clinging to what is left of the ACA. They are cutting corners, limiting all dividends and equity sales to make sure that their health care options are limited to the few ones left offered by the ACA. That's just what rich people do. They never invest, and sit on a portion of their cash because they like to watch it erode from inflation. They have a burning desire to live a life as a Welfare recipient on Food Stamps and other government hand-outs such as the ACA when a drop in the bucket of their investment returns can pay for real insurance, not to mention health care straight up. It's sort of a socioeconomic cleansing that they have a fetish for. You keep thinking that, pal - ROTFL!

-24pdy, Nobody is able qualify for a subsidized ACA healthcare plan if they are writing huge income tax payments to the govt. Your statement tells me you are not astute enough to tell a convincing story. Go troll somewhere else.

You might be surprised to learn that the more financially astute and wealthier folks are the ones on ACA. The rank and file just take the CVX health plan, bless their hearts, some even opt for the pension annuity, haha, and write huge income tax payments to the govt.

“several orders of magnitude” more than $50k...well if we conservatively consider “several=3” then that would be 50 million...in income...per year? Come on Mr. Watson, you of all people should not expect your health insurance to be subsidized!

I have looked over the plans and find that the CVX retiree plan offers a better policy for approximately the same cost as what the ACA has. I would recommend that. I would happily pay the same or even a little more for the Anthem/Blue cross plan. I don't know how you guys scrape along with low enough income to get the subsidized plans. I have several orders of magnitude more income than what would be required to get those subsidies and don't consider myself that well off. You guys must be living on a shoestring. Just my two cents.

23wcx, It sure sounds like you are ridiculing a person with a chronic condition, who supports him or herself, pays for premium healthcare (and subsidizes worthless losers like you on top of all that) while you pay next to nothing? You are a real class act there guy! You are right here where you belong, with the rest of the pathetic loser d---beats on the Layoffs forum!!! Stay classless, loser,

-22ncp, I don’t have to stand in line at the clinic or emergency room and spend any time dealing with a chronic condition. That’s the reason I choose a heavily subsidized ACA Plan over any pre-65 healthplan. It’s 5 times cheaper for me and the ACA Plan I have is very good. I’m in great health and have no conditions that need treatment, so there’s no need to waste money on expensive healthcare insurance. In a couple of years I’ll be 65 and will join the Chevron retiree medical at that time, when it’s affordable.

I am on neither of the CVX retiree nor ACA plans, but will need to make that decision in a couple of years. I would happily pay DOUBLE the premium as the exchange in order to keep the Chevron plan that I have now based on what I have researched on the ACA plans (Gold) and also the quality of service involved. Stand in line at the clinic or emergency room and spend some time dealing with a chronic condition and your tune may change. You health is the most important thing in your life aside from your loved ones. There's no way that I would go with the ACA plan unless it's the last way left on this Earth to get health care.

Yes there certainly are some "sour grapes" folks getting on here who opted for one of the ACA exchange plans then had to use it for something and it didn't work out as well as they predicted. I have heard quite a few stories of regret. It's very sad for those families. Sure, for routine exams and things such as minor this and that, no problem. Still, it's no reason to insult someone just because they are not as wealthy or are in a lower socioeconomic class than you. Some people need this form of government assistance. That's what it's there for. To help needy people. That's no reason to insult them. You wouldn't insult someone on Food Stamps would you? I certainly wouldn't. It's no different.

21lwd. And I suspect he will be the last man standing..

“Congress [does not have] the fortitude to” order pizza .... but if a rich bentifactor gives them some free slices they would be happy to direct billions in federal contracts quid-pro-quo. That’s why they can not repeal, replace, or improve... big money is happy milking the system as is. No worry, just add the bill to your grand kid’s tab and party on! Deficients do not matter (to me), I will be dead when the check arrives.

No question ACA rates are good if you are subsidized (taxable needs to be under $50k), but I was surprised at their cost when you pay full price! I still think Chevron pre-65 is better for me as I am overseas a lot and still get most thinks covered (although have not had anything really major).

I have a silver ACA Plan and live in Houston. I’ve had this same plan for this year and will continue to use it in 2018. It’s an HMO with zero deductibles, only copayments per type of service received. The office visit to the PCP is $15, Specialist visit is $50, Urgent care $50 and Emergency Room visit $100. The copayments vary from as little as $15 for X-rays to $50 for most other services to between $150 and $300 for outpatient and hospital procedures. In all cases, the maximum annual out of pocket expense total per adult is $2150 ($4300 per couple). For me and spouse, my current premium is $53, but in 2018 it is going up to $332. It’s a big increase, but much less than $2298 for the Chevron HMO Plan or $1296 for the Chevron PPO. We’ve used the plan this year for our routine exams and spouse saw a specialist for a minor procedure. We’ve had no problems at all with our experiences. Our PCP is close to the house and is always available and the list of quality specialists has many to choose from. Our appointment times were managed well without having to wait many weeks or months for an opening. In our case, we are satisfied with our ACA Plan.

When I check the 2018 rates for Houston it quotes me $450/month silver for two people. That’s on spending of $200,000 but taxable income of $40,000. Still seems expensive if you ask me, but a lot cheaper than the Chevron plan. Anyone usIng silver have any issues?

-21wwj, you may be onto something about the Roth IRA distributions, but that would go contrary to the intent and incentives for the creation of the Roth as a retirement investment vehicle. But, I think it would be virtually impossible or extremely burdensome for the IRS or other agency to means test the net worth of every citizen for excluding folks from the ACA. Taxable income is what’s stipulated in the ACA law. If somehow, net worth is to become the yard stick instead of taxable income, it would require a change in the law. That’s where the lame Congress comes in. Want to bet if Congress has the fortitude to do anything here? I wouldn’t.

In Houston Texas average ACA plans in 2018 for married couple will be: Bronze ($16,452/yr), Silver($20,506/yr) and Gold($23,292/yr). The Cheapest Bronze: $12345.60/yr (with $12,800 deductible, $14,700 Out of pocket maximum), and the Cheapest Gold: $27387.84/yr (with $2,250 deductible, $14,700 Out of pocket maximum). I am happy I stayed with Chevon pre-65 for around $10/yr. Your mileage may vary, but if they start testing net worth to get ACA subsidies (or even just strat counting Roth withdrawals) the song of some around might change rather quickly.

I agree. There seems to be some occasional sour grapes around here. I suspect it is from a few bad apples who made the wrong choice and regret it now that it is too late. We all know which choices are irreversible and have potentially life long consequences. Let this be a lesson to those who haven’t retired yet and made those choices. Think carefully and watch out for so called financial advisors as most are some form retread themselves.