so then what happens to people like you? I don’t know if I am really blessed or what, but I don’t anybody unemployed... so what happens? I mean when you don’t have a penny left? Aren’t there a lot of grants out there to go to school, and maybe finish your post grad work, and some of them come with living stipends...
Good question. Some become burgher flippers, one guy I know went to the Post Office, during the Clinton cuts period. He's a retired AF reserve Lt. Col., one of the few intell guys in my unit that were intell on active duty as well as in the reserves. He's been stationed in Thailand during the Southeast Asia War Games.
But in my case, my wife has tenure, but she doesn't make as much as I did. She wanted to retire a little early to get us established in San Antonio, where we'd hoped to retire, and where I expected to be transferred back to after we lost our Army contract. Now she's looking at working until she's at least 67, maybe 68. I'll probably have to start drawing on my retirement, since I'm old enough to do that. But it will mean starting Social Security early, which means I'll get less. Neither of my corporate retirement funds are worth much either, in the first case because it's based on the High 3 years, which were when I making less than 2/3 what I was making at the job I just got laid off from, plus I only worked there 21+ years. the second was a defined contribution plan, but I only worked there just under 12 years. 5 more would have helped a lot. What would have helped even more was not having to maintain two households after the Clinton-sizing.
I might end with a total as much or almost as much as I'm now getting in unemployment
I'm appalled at how little SS will be, after having paid in since 1968, and full time since 1973, except for 18 months when I was grad school, learning the things I needed to know to design those force protection/enemy whacking things. :) I knew it was scam/Ponzi scheme, but I didn't' realize how bad it really was.
Be lucky to break even when we sell the second house, which was needed because of having to live apart after that first layoff. But at least that means I'll get the down payment back, and maybe a little extra to put into our other house, which is bigger but much older and somewhat run down, since the "fixer" hasn't lived there for 13+ years.