My software developer husband is considering taking an early retirement package that puts 14 months of his base pay into his pension and allows medical coverage at active employee rate for 2 years and retiree rate thereafter. We can live for at least a year, possibly more off savings. We could also take distributions from IRAs and Roths, but we'd like to avoid that. It appears he wouldn't be laid off if he didn't take the pkg., but there are no guarantees that wouldn't happen down the road with just layoff benefits, not this great retirement pkg. He hasn't been happy with his job, although his boss said things might get better. But this megacorp seems to change managers every six months.
At age 61, would you stick with the same company/job with no guarantees that you'll still have a job several years down the road, or would you take the retirement package and try to find a new job? Each choice has risks. Can a 61 year old software guy find a new job that he really enjoys? We're willing to move, and a cut in pay is inevitable. Has any 60+ person found a satisfying job within a year?
I am disabled, BTW, so my income is disability--me working would make things easier, but it's not happening. Always get disability insurance because you never know. That's my pubic service announcement.