Passages of Retirement: Personal Histories of Struggle and Success

By Richard S. Prentis | Go to book overview

5
Considerations of an Early
Retirement Offer

Male, age 59, married, one son

Education: high school graduate, two years vocational school

Job Status: auto service management, 24 years with an automotive manufacturer

Retirement Income: $20,000

Health: reported good

Retirement Category: early-voluntary, decision to retire made two weeks prior to interview

My first reaction to the idea of early retirement, when it was presented to me, I could best describe as though somebody had hit me on the head with a two-by-four. While I had a reason to believe that I would be contacted because of the other activity going on, it was just a question of wait and see, or will they get to me. But even with that thought in the back of my mind, it had quite an impact. I was advised that they wished to discuss it with me, and since retirement income figures were not available at that time, I spent an anxious period waiting to see what our income future would be. There was a rather difficult day or two until we actually knew what the figures were going to be and we could digest and understand them.

After I got the figures I had a week of total confusion. It took me a week to make my ultimate decision. I consider myself extremely fortunate in counseling with my wife, because her reaction was that the final decision had to be mine. She voiced her opinion to the extent that

-27-

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