This is a little late in timeliness but I think the thought still apply. Well some of you that know me understand that I received an Early Retirement Offer (ERO) from my employer of 33+ years. It was a great offer and after some consideration I took the ERO as of November 30. Why?That is a million dollar question or I wish it was. If you do not care then hit next button, but what follows is my high level reasoning for taking this offer and some of the twists and turns since that decision.First, a number of my good friends said, “Pull the plug”. I did pull the plug and put it into another outlet. I did retire and accepted a job with another company. Here is my reasoning behind this decision to accept the retirement.1) The offer from my current company was a great offer. Why was it great?Well, they gave me five years add-on for my non-contributory retirement. This from a percentage point of view added 40% to my current non-contributory retirement account. It is that classic hockey stick approach as you get closer to retirement the more is added to your account.You could take the add-on as a payout, so I can put the add-on money in my IRA and into BMWM style investments.When, I ran the number, I can live on my retirement payments and investments, with some minor adjustments to my life style.With those facts the decision was easy to take the package. 2) Other issues….Well, 35% of my current investment portfolio was tied to my current company with options, stocks, and RSUs. Now, take a minute and think about your current paycheck and your portfolio tied to the same source. It made me think. I’m 56 years old and not ready to stop working (TMFMurph advised me to go to the full time stock analyst role). Can I stop working? Yes, if I can generate a 5% return, I can make ends meet, and if I can generate 10% then my life style does not change.I have been on the road for 100% of my time for 7 years and 75% of my time for 20 years. Does the idea of “staying home” scare the hell out of me? You bet your bump. Does the idea of “staying home” scare my wife? Well, I stayed home one week and she asked me when I would be traveling again.My 401K is about 50% of my investment portfolio. I needed to free this from the current mutual fund lock. I have about 70% of it in internal national funds at this time. I need to move this to a self directed portfolio with the thought of doing better than the mutual funds.3. Additional factorOn December 7, when my retirement was official, I have been diagnosed with renal cancer. I had a kidney removed on January 7 (98% chance they got the cancer). Well the operation when bad and I am now just getting back to normal. A two week operation and recovery turned into a 4-5 month ordeal. I do not share this with you for any other reason than say, investments are to generate money to live life. I am thankful for being alive and recovering. I am thankful for my family and loved ones.I wish everyone the best in investing but as Icy’s says make sure you enjoy some of the fruits of your labor. And especially enjoy your loved ones around you.The board has been slow so I hope this is something that you’ all will think about. I have in the past 4 months thought about it and changed some attitudes.Best of luck in all you do.Cheers,Gary
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