3 ms·
> might have taken some late career job (or just happily continued in their current role) who are taking their vests, retiring somewhat early The primary force
by htag 4y ago
> might have taken some late career job (or just happily continued in their current role) who are taking their vests, retiring somewhat early
The primary force pushing people to not cash out tech stock and soft retire is because tech stocks peaked two years ago, and most are struggling to recover. I think working conditions and consulting opportunities are secondary concerns to most people in that position.
- ghaff 4y agoAs long as someone isn't all or mostly in and holding one or two large tech company stocks, if they've been in non-startup tech for the past few decades, they should be in pretty good shape. But there's no guarantee Facebook stock is going to recover in 3/4/5 years. The fact is that between the salaries at many companies and stock appreciation the past decade+, many people are in a position to soft retire as you put it and they're doing so. And it's clear from talking to them the fact that their jobs aren't much fun any longer has a lot to do with it.
- htag 4y agoThe combination of a 30 year career in software, being a little smart about money, and not being unlucky about unexpected expenses is usually good enough to soft retire. In your early 50s. A lot of people do it. I was responding to why some people would choose not to do it. S&P500, Dow, and Nasdaq peaked 2 years ago. I know that's influenced people in my sphere to keep up the grind.
- ghaff 4y agoFair enough. Like many of their companies, people are probably inclined to be a little more cautious in at least choosing the exact timing of their departure. I know one person who was going to leave their job at the beginning of the year but decided to take a few months until their next vest to transition their replacement.