search email community favorite this article chev-right latest posts article list comments tags video article login twitter facebook menu pinterest whatsapp

Tech guy gets fired at 58 after 35 years in tech, and instead of panicking, sees it as a chance to retire early, do DIY, and work part-time at a hardware store: ‘It's actually a relief, I was getting SO sick of the corporate stuff’

Advertisement
  • Man in a denim jacket looks down with a slight smile against a dark outdoor background.
  • Advertisement
  • After 35 years in the tech industry, and 20 years in my last position, I was unexpectedly laid off on May 1st at age 58. I
  • Advertisement
  • really have no desire to return to the corporate world, not likely that I'd find anything in this job market anyway. Wife
  • still works as a teacher and makes enough to cover our day-to-day needs, and is encouraging me to call it quits.
  • Advertisement
  • and retire. I've spent the last six years working from home, so there's no social element that I'll be missing.
  • I'm an avid DIY-er with many years of projects under my belt. I've done down-to-the-studs bathroom remodels, full kitchen
  • Advertisement
  • Man with a gray beard standing outdoors in a gray shirt with leafy green trees behind him.
  • remodels, electrical, plumbing, water heater installation, landscaping, retaining walls, and even a fair amount of auto repair. I know my tools and I
  • Advertisement
  • love working with my hands. I have enough projects lined up, and enough hobbies, I'm not concerned about boredom.
  • It's mildly terrifying, but I'm starting to accept the idea of retiring. My plan is to play the unemployment game for six
  • months, and then see if I can hired part-time at Home Depot/Menard/Lowe's and leverage my DIY knowledge. Do something tangible instead of sitting at a keyboard.
  • Advertisement
  • I can easily fund COBRA for 18 months using HSA money, and after that find a marketplace plan (cheaper than going on the wife's coverage). Just need something to bridge the gap to Medicare.
  • Man with a gray beard smiles outdoors in a black shirt with greenery in the background.
  • My biggest concern is spousal maintenance that I pay my ex- wife. I'm working with an attorney to get that reduced or
  • Advertisement
  • (hopefully) terminated, but if I can't, I'll essentially be working a part-time job just to pay the ex-wife, or tapping my 401k.
  • In spite of that rather large elephant in the room, I'm not upset at all about the layoff. It's actually a relief - I was getting
  • SOOOO sick of the arbitrary corporate stuff, performance metrics that mean nothing, goal setting, all of that nonsense.
  • Advertisement
  • Excited to slow down and try something new, and fortunate that I THINK I can make it work.
  • edturf OP, I feel like you are my doppelgänger. I am also 58. Tech worker laid off this past March.
  • BEST THING THAT HAPPENED TO ME. My wife still works. (so we still have insurance) I also am an avid DIYer (I
  • Advertisement
  • can do it all pretty much, except maybe concrete) I have a personal project list that will keep me busy for a few years at least.
  • I'm not even remotely upset, and by the time I'm ready to really relax, ...I will have long forgotten my "identity" I once had in my career. Best wishes to all...
  • angrywinter1 Congratulations on your unexpected retirement. I am a few years younger than you, took the plunge May 1 as well. It's scary but I have felt so much better mentally and physically that I truly believe. this is the best decision ever! I hope you are able to remove the elephant and truly enjoy life
  • Advertisement
  • 1wrx2subarus It's good to walk away from it all. Give yourself some grace and wait a year. Don't feel bad about your choices, habits and just try to create a routine. Make a list and try to check something off daily. It's ok to have days that nothing gets done.

Tags

Scroll Down For The Next Article
Show Comments
Next Article