Getting by in “The Great Resignation”: How people who quit or retired are making ends meet
Some retirees said that although the pandemic nudged them into retirement faster than they expected, it also brought relief from the expenses incurred in pursuing their careers.
Kathleen Corcoran had concerns about giving up the “golden handcuffs” of a full-time job in the high-cost D.C. metro area when she retired from her communications career. But no full-time salary could allow her to buy what she really wanted: time. A former office manager in Laurel, Md., who withheld her name because of tension with her former boss, has no regrets about retiring early, even though it meant getting less in Social Security: “If I had waited until 70, I would have received $300 more per month.” But, she said, she weighed her sanity against that financial loss and “decided to take the leap. I’m so happy that I did.”Of course, retirement is still a long way off for many people.
told me in an email. His job-search priorities are shifting: “Taking a lesser-paying job with health insurance over a no-benefits [contract job] would be a no-brainer for me now.”And some people have been able to weather income loss thanks to careers that conditioned them to prepare for the worst.
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