This question came up a few months back. Basically, if you are withdrawal eligible, the access only date doesn't mean anything. But for some reason Fidelity...
Did you check out the FHA document in the reference library on netbenefits? This is the section I think mad was referring to. You will be able to use the...
Netbenefit says I am FHA access eligible (I can buy IBM's expensive policy) in June when I have 30 years and I can use the FHA funding (I can buy IBM's...
It seems like it takes them a little time to unwind the situation ... so they sold PCCO and used the resources to fund a lay off ... they got rid of some in...
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Kady
kady101@...
May 5, 2012 2:29 pm
You have your wish, if my acquaintances are of any indication. My "running crowd" also includes three people who have been promoted to D band in the last three...
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Kady
kady101@...
May 5, 2012 2:29 pm
... Yea. This thing Cringley mentioned about the GDC in Iowa, where jobs were promised but in reality all they're doing is roundtripping Indians to come in and...
WOW, maybe they will sell the group I work for under that plan! Transition, get my retirement, keep a high paying job and figure out my next move. That would...
I agree oldyellow. It is a "balanced"; way IBM can reduce headcount. It is by no means any panacea. I personally cannot find a way that 2 days a week would...
Kady it sounds like you have the right attitude here and you're using IBM to achieve your means. Good for you and your coworkers for playing the company. I've...
This might help explain why certain ' costs' and changes in benefit plans are surfacing. Its from the recent Boeing annual report. I'll bet the same or...
... Well,actually Ellen Schultz wrote about "phased retirement" back in July 2000: http://www.dukeemployees.com/newsjuly2000.shtml Scroll down to: 'Phased...
But what are those means? I believe they are as short sighted as the IBM's. To think this pool of home grown migrant workers will continue to command...
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Kady
kady101@...
May 6, 2012 12:49 am
... A relatively affluent retirement and a great college education for my daughter. ... Hm. Perhaps the word you're looking for is that they are PERSONAL ...
http://online.wsj.com/article/SB10001424052970204138204576605482876191482.html ... "Retire now, and we'll provide health care until you reach 65, at little...
missed the neat part in the article . . . "Lump sums are better for a modern work force." The new-style pension plans usually gave departing employees a choice...
Sound familiar ????............ Absolutely. Better for a 'modern work force'. Socks Bouchard asked the naive sheeple in 1999: you DO want a more portable...
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Kady
kady101@...
May 6, 2012 3:01 pm
Yea. And this starts to touch on another financial management theme I've been working on. Why do lump sums sound so good to us, even if they pay us less?...
They sound so good ( IMHO) because basic econ classes have never been popular, and what ISNT taught is the bit about PV and FV of money and how it relates to...
... Mary Fletcher is mentioned in Ellen Schultz's "Retirement Heist". I was trying to draw attention to the Transition Program. Specifically, 1) Does an...
AFIK - the company only has to give formal notice about 30 days prior to actual implementation. However anyone who believes they may be affected or eligible...
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Kady
kady101@...
May 7, 2012 1:25 am
... Financial education is definitely part of it, but also ALL the decisions we make on those issues. They sound so good because Americans manage their...
I just finished Ellen's book this weekend. It is an amazing read. If you have already read it, post your reviews on Amazon or Google Play. This is a critical...
From a review on that site: "Ellen Schultz's 'Retirement Heist' is both enlightening and aggravating." I'd like to read it, but I'm already as aggravated as I...
Ellen's book is a must read. It's a story of greed on the part of IBM's and other company's senior executives to enrich themselves at the expense of the...
About 20 years ago, my 2nd line manager was taking an offer for early retirement. I asked him why he was doing that considering he was in his early 50s and...
Expert knowledge? Anyone with a brain doesn't need any knowledge at all of either spreadsheets or finance. It's simple: IBM jammed the CB down the throats of...
Amen! I din't need a spreadsheet it was easy enough to figure out in my head, after all I made it halfway through high school....the lump sum was a pure...
