tag:blogger.com,1999:blog-2883226237165701608.post8862412433872179913..comments2023-10-15T04:23:50.187-04:00Comments on College Misery: Delayed retirement and the lost generation. From Amelia from Abilene.Unknownnoreply@blogger.comBlogger14125tag:blogger.com,1999:blog-2883226237165701608.post-91536894619553706792013-06-19T03:00:36.161-04:002013-06-19T03:00:36.161-04:00At the moment at my institution the positions of a... At the moment at my institution the positions of any retiring faculty member in Humanities are simply cut. They aren't even replaced with adjuncts. I will retire, when the time comes, when my department is guaranteed a replacement for my position. <br /><br />Or, to be honest, when I get bored, or tired. But that's a while away too.Merely Academichttps://www.blogger.com/profile/00452389428113097744noreply@blogger.comtag:blogger.com,1999:blog-2883226237165701608.post-38412766440298121162013-06-18T20:52:43.984-04:002013-06-18T20:52:43.984-04:00One reason I transferred my government-run retirem...One reason I transferred my government-run retirement to my broker was I wanted to see what was going on. Until I did that, I had no idea what the managers were doing with my money. Did they invest it in blue-chip stocks, perhaps those with good dividends or did they put it into something like hedge funds that were comprised of dodgy equities and junk bonds? Those details were never made Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2883226237165701608.post-61691243517036061172013-06-18T19:52:15.394-04:002013-06-18T19:52:15.394-04:00Some genius decided that for 20 years, nobody had ...Some genius decided that for 20 years, nobody had to contribute to our retirement plan. A generation of people contributed virtually nothing, and are now retiring at full plan. The rest of us are seeing 5-7% pay cuts as contributions to a pension plan that I am dead certain will not be available to us when we retire. Therefore, I have no plans to retire. I will happily give up grad students Frog and Toadhttps://www.blogger.com/profile/06377542172335502858noreply@blogger.comtag:blogger.com,1999:blog-2883226237165701608.post-41951099439787550582013-06-18T19:50:04.975-04:002013-06-18T19:50:04.975-04:00Right on!!Right on!!David from Sesame Streethttps://www.blogger.com/profile/12374814004243962910noreply@blogger.comtag:blogger.com,1999:blog-2883226237165701608.post-68192627727765611672013-06-18T18:17:04.828-04:002013-06-18T18:17:04.828-04:00While I was teaching, I was required to contribute...While I was teaching, I was required to contribute to a group retirement plan. That plan was run by the regional government, though I never found out who the managers were.<br /><br />When I quit that job, I immediately transferred the plan over to my broker and arranged to have it self-directed. I wanted to control what went on and decide what was bought and sold. It didn't take long Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2883226237165701608.post-13389783061609390202013-06-18T17:28:32.215-04:002013-06-18T17:28:32.215-04:00Personally, I'm just operating on the assumpti...Personally, I'm just operating on the assumption that, by the time I'm eligible to retire, some bunch of banksters will have figured out a way to drain my retirement account dry and bill me for the privilege -- in some way that's either perfectly legal, or illegal but unlikely to ever be punished because, well, too big to fail, defend the job creators, corporations are people, and allAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2883226237165701608.post-78054821895461671542013-06-18T17:25:46.004-04:002013-06-18T17:25:46.004-04:00I agree with everything Stella said.
People star...I agree with everything Stella said. <br /><br />People starting an academic career now, even on tenure track, will deal with working conditions substantially different from what prevailed when I started out 25 years ago, including for instance the weakening of tenure; to the point that is is not clear that the lifetime pay cut (for comparable training) that was acceptable then would make sense Peter Khttps://www.blogger.com/profile/00754472537710161295noreply@blogger.comtag:blogger.com,1999:blog-2883226237165701608.post-41411894803026289222013-06-18T16:39:17.623-04:002013-06-18T16:39:17.623-04:00BB:
It depends on what sort of stock one has boug...BB:<br /><br />It depends on what sort of stock one has bought. During my few years as an investor, I bought a lot of rubbish. I believed the promises that it was going to yield high returns but, for the most part, I lost my shirt on those investments.<br /><br />For the last decade or so, I got wise and started investing in better-quality stock. Usually, I start by doing my homework on a Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2883226237165701608.post-69652120093086914762013-06-18T15:57:36.949-04:002013-06-18T15:57:36.949-04:00I've never understood people that keep working...I've never understood people that keep working past retirement simply because they'd miss the socializing. I have friends outside of my workplace. If I keep working past 65 (or whatever the retirement age is then) it'll be for the money--so I can afford lots of comfortable travel and still be able to pay for home care etc. when I need it (no children to look after me). Work because I Doctor BPDhttps://www.blogger.com/profile/15077311480386412339noreply@blogger.comtag:blogger.com,1999:blog-2883226237165701608.post-89851921231717970592013-06-18T15:32:35.775-04:002013-06-18T15:32:35.775-04:00Oh, my God. Such total bullshit. Who here really...Oh, my God. Such total bullshit. Who here really believes that senior academics retiring in droves would result in the same number of positions being rehired with new Ph.D.s? Seriously? Har dee har har. <br /><br />There's this quote: <br /><br /><i>Nonetheless, the idea of legions of aging professors is worrisome to people starting academic careers, to adjuncts longing for tenure-trackStellafromSparksburghttps://www.blogger.com/profile/17584701718285662953noreply@blogger.comtag:blogger.com,1999:blog-2883226237165701608.post-71411292947536140972013-06-18T13:42:40.900-04:002013-06-18T13:42:40.900-04:00My mentor was about to retire before the crash and...My mentor was about to retire before the crash and lost quite a bit of money. She delayed her retirement for that and another university related reason: she wanted to make sure that the funding "line" for her position wasn't absorbed by my university's greedy administration. She pulled a lot of political maneuvers and, in the end, got a young replacement hired to take her place Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2883226237165701608.post-15307219180307679412013-06-18T09:40:17.534-04:002013-06-18T09:40:17.534-04:00An old proffie friend of mine once said about reti...An old proffie friend of mine once said about retirement, "I like to play golf, just not everyday!"TK-421https://www.blogger.com/profile/04816780722607630224noreply@blogger.comtag:blogger.com,1999:blog-2883226237165701608.post-55346667309639467812013-06-18T08:34:59.500-04:002013-06-18T08:34:59.500-04:00Here's what I don't understand. If you we...Here's what I don't understand. If you were 55 in 2008 when the bottom fell out of the stock market, you lost a lot of 403b money. If you held tight for a few years, you would have gotten it all back. The stock market has been doing great since 2009. Now, if you were 65 in 2008 and had all your retirement money in stocks, what the fuck were you thinking? That's not how you are Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2883226237165701608.post-61860446658512621592013-06-18T03:02:43.250-04:002013-06-18T03:02:43.250-04:00It's just that the issue of retirement has not...It's just that the issue of retirement has not been properly framed. For instance, if it were retire and open up some positions or face Strelnikov's wrath, I bet the issue would resolve itself real quick-like.Anonymousnoreply@blogger.com