Todays HR EMAIL---the end is near

Quote
Anonymous said:
"You should be ashamed of yourself if you have been with Merck for 20-30 years and have less than $300K in your 401K"..................big statement from someone who DOES NOT KNOW the individual situation of another.....anything can prevent this....ever hear of illness
and medical bills, caring for aged parents (nursing homes), divorce, financial losses (wrecklessness of another, natural disaster to property...), children, school loans, living in high cost of living areas, one income households, not making big salaries and plenty of
other issues ..........many hard working people at retirement age do not have that amount of money no matter how frugal they try to be .....unfortunate, but that is life.
Click to expand...

I agree with you. Not everyone is lucky and many of us are very frugal. My husband has been on and off again employed (me too), we have had several serious illnesses, helped out aged parents, were not "stock market savvy" and lost about 200K in the last two big crashes. Hence, despite saving and never going on a single vacation in 10 years, we only have 350k in our savings with 300k in equity in our house - that's about the sum of our lives with ten years to go. We buy only used cars, used furniture and discount clothing. It is a sad state of affairs. I had hoped to have saved a million by now. . . if we end up with that much, it will be a miracle.
 




Anonymous said:
I agree with you. Not everyone is lucky and many of us are very frugal. My husband has been on and off again employed (me too), we have had several serious illnesses, helped out aged parents, were not "stock market savvy" and lost about 200K in the last two big crashes. Hence, despite saving and never going on a single vacation in 10 years, we only have 350k in our savings with 300k in equity in our house - that's about the sum of our lives with ten years to go. We buy only used cars, used furniture and discount clothing. It is a sad state of affairs. I had hoped to have saved a million by now. . . if we end up with that much, it will be a miracle.
Click to expand...

Agree....a bit older and single. You are way ahead of me. Like you had layoffs, personal and family illness, fiancial losses and cared for parents who lost all their life savings to medical and nursing costs. Still paying off grad school and have had no vacation in 10 years either....To me vacation is not getting up early..Im grateful to be in once piece and to still have this job. I see retirement years ahead yet have less than 10 years here....hope this can last till I get there....
 




Anonymous said:
On the other hand I have seen some of my colleagues overspent to the point of being ridiculous. Those of us that dressed plainly and spend frugally at meetings get laughed at by that high-flying and high-spending group all the time. We put money away every month into our 401K plan. We don't go on cruises. We don't go on bi-annual vacation to exotic lands. Personally I experienced most of the above disasters and still was able to retire with much more. I am truly blessed and it can be done.
Click to expand...

Depends on what you make, working spouse or not, where you live - affordable or not. Some people live in states that have suburbs with ridiculous house and propery taxes. And thats before any losses, sickness, tuitions, tragic situations. I think most of the big spenders here are in management. Reps are not that highly paid unless they've been here for 15 or 20 years and are Exec or S3.
 








Anonymous said:
Depends on what you make, working spouse or not, where you live - affordable or not. Some people live in states that have suburbs with ridiculous house and propery taxes. And thats before any losses, sickness, tuitions, tragic situations. I think most of the big spenders here are in management. Reps are not that highly paid unless they've been here for 15 or 20 years and are Exec or S3.
Click to expand...

Most reps are NOT that highly paid - you are so right. My manager on the other hand, has over 2 million saved. That is how much MORE they make then most of us. Oh, and he vacations nearly once every two months plus has 24 years with mother with the pension. He is my age and obviously has it made even if he were let go tomorrow. (Well, unless there is a major illness - mine cost me out-of-pocket 48k in one year. But that's another story.)
 




Anonymous said:
Most reps are NOT that highly paid - you are so right. My manager on the other hand, has over 2 million saved. That is how much MORE they make then most of us. Oh, and he vacations nearly once every two months plus has 24 years with mother with the pension. He is my age and obviously has it made even if he were let go tomorrow. (Well, unless there is a major illness - mine cost me out-of-pocket 48k in one year. But that's another story.)
Click to expand...

Things to consider:

--your manager may be bluffing

--if he has 2 million saved, doubt it was from his salary alone (spouse must have nice income as well)

--money comes, and money goes....what he has "saved" could come crashing down at some point
 




Anonymous said:
did not see email...was it sent out to field sales...

I must say that I am embarrassed and ashamed of so many of our reps who whine and cry incessantly on these pages about how they hate their job and how bad the Mother is treating them... My suggestion - please quit now & stop whining like the entitled 30 something that you are and find something to do with your life that is gratifying...some of us do enjoy our jobs....this negativity grows like a cancer and is the reason I come to this site about 2x a year..
Click to expand...

Yes,
Stop your whining and do something more productive. Or move on to another company and take your toxic attitude there. Do you really think it's dramatically better at another company? Why would you stay at Merck if it's really so screwed up?
 




Anonymous said:
Things to consider:

--your manager may be bluffing

--if he has 2 million saved, doubt it was from his salary alone (spouse must have nice income as well)

--money comes, and money goes....what he has "saved" could come crashing down at some point
Click to expand...

Agreed. That manager would like the reps to believe he "saved" the $2M from his Merck salary only to drive them crazy. He probably is married to a rich woman? One of my colleagues did just that. Nice guy. His wife has more $$, period. People can get sick and money cannot buy health either.
 








Top Bottom
Back
Quote