Retirement Shock: Need to Find a Job After 40 Years at General Electric

#1

Post by thisisit » Mon, Apr 23, 2018, 3:49 PM UTC

Retirement Shock: Need to Find a Job After 40 Years at General Electric
wsj.com

Re: Retirement Shock: Need to Find a Job After 40 Years at General Electric

#2

Post by codemac » Mon, Apr 23, 2018, 4:34 PM UTC

Remember to set up auto-sale folks.

Your retirement returns will be less than selling at a lifetime high price of whoever you work for.

But you will not sell at the lifetime high price. Please don't forget to sell at all.

Re: Retirement Shock: Need to Find a Job After 40 Years at General Electric

#3

Post by madengr » Mon, Apr 23, 2018, 4:37 PM UTC

Got a non paywall link?

Re: Retirement Shock: Need to Find a Job After 40 Years at General Electric

#4

Post by madengr » Mon, Apr 23, 2018, 4:40 PM UTC

codemac wrote: post #2

Remember to set up auto-sale folks. Your retirement returns will be less than selling at a lifetime high price of whoever you work for. But you will not sell at the lifetime high price. Please don't forget to sell at all.

It took a lawsuit for my employer (Honeywell) to allow moving (out of Honeywell stock) of matched contributions. I still keep about 20% in company stock. It has done very well and pays a good dividend. To think that we were almost bought by GE years ago.

Re: Retirement Shock: Need to Find a Job After 40 Years at General Electric

#5

Post by KarenSatantsby » Mon, Apr 23, 2018, 4:40 PM UTC

madengr wrote: post #3

Got a non paywall link?

look up the title in Duckduckgo and the link will open the story all the way

Re: Retirement Shock: Need to Find a Job After 40 Years at General Electric

#6

Post by ghaff » Mon, Apr 23, 2018, 4:41 PM UTC

codemac wrote: post #2

Remember to set up auto-sale folks. Your retirement returns will be less than selling at a lifetime high price of whoever you work for. But you will not sell at the lifetime high price. Please don't forget to sell at all.

Or, at a minimum, at least don't get too greedy. I got (somewhat) lucky with the dot-com crash. My prior employer's stock (which I had been accumulating over a decade from a previous employer who got purchased) lost about 95% of its value. Fortunately, I had sold some and the stock did end up recovering a bit.

Re: Retirement Shock: Need to Find a Job After 40 Years at General Electric

#7

Post by znpy » Mon, Apr 23, 2018, 4:45 PM UTC

The article is behind a paywall.

Re: Retirement Shock: Need to Find a Job After 40 Years at General Electric

#8

Post by cgy1 » Mon, Apr 23, 2018, 4:49 PM UTC

Seems like an $85k/yr pension should be more than enough to retire on.

Re: Retirement Shock: Need to Find a Job After 40 Years at General Electric

#9

Post by monocasa » Mon, Apr 23, 2018, 4:50 PM UTC

madengr wrote: post #3

Got a non paywall link?

http://archive.is/RgZJi

Re: Retirement Shock: Need to Find a Job After 40 Years at General Electric

#10

Post by hinkley » Mon, Apr 23, 2018, 4:53 PM UTC

cgy1 wrote: post #8

Seems like an $85k/yr pension should be more than enough to retire on.

    Roughly $140 billion in GE stock-market wealth was lost in the past year

GE has lost a substantial percent of its market cap this year. I wouldn't count on that pension sticking around for 30 years without being 'restructured'.

And in 30 years it'll be worth $40k a year anyway.