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Older Nurses: What Were They Thinking?

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I read a comment in another thread about older nurses who aren't going to quit their jobs so the younger nurses can have them . . . "No nest egg? What were they thinking?" And it made me so angry I just had to respond. What I was thinking was that if I made good money and socked away a decent percentage out of every paycheck I'd have a nice nest egg by the time I was in my fifties. And I would have . . . if I hadn't invested it in an indexed fund that tanked . . . . 2/3 of my retirement is gone, wiped out in just a short time. And my pension from the state . . . also tanked. The pension from one hospital that I worked in was eliminated by corrupt executives. So I'm still working and still saving, but I'll never have the nest egg that I worked for, saved for and planned on. And that's why I'm not quitting my job to make way for the twenty somethings. As far as why I don't get a nice, cushy desk job? Those are rather difficult to find these days, too.

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Whoever made that "nest egg" comment clearly hasn't picked up a newspaper in, say, 10 yrs or so.

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I read a comment in another thread about older nurses who aren't going to quit their jobs so the younger nurses can have them . . . "No nest egg? What were they thinking?" And it made me so angry I just had to respond. What I was thinking was that if I made good money and socked away a decent percentage out of every paycheck I'd have a nice nest egg by the time I was in my fifties. And I would have . . . if I hadn't invested it in an indexed fund that tanked . . . . 2/3 of my retirement is gone, wiped out in just a short time. And my pension from the state . . . also tanked. The pension from one hospital that I worked in was eliminated by corrupt executives. So I'm still working and still saving, but I'll never have the nest egg that I worked for, saved for and planned on. And that's why I'm not quitting my job to make way for the twenty somethings. As far as why I don't get a nice, cushy desk job? Those are rather difficult to find these days, too.

Oh, what goes around comes around! Someday that 20 something will be a 50 something! Good luck to them all....because the way nursing is going...They should start looking for a new profession... medication tech..or a PA or MD because NURSING will be a profession of the past! From what I hear Nurses are TOOOO expensive,,gotta find new ways to deliver high tech care with low tech wages!...Really, does it take a BSN to change a dressing or give a little Digoxin????..I just wish I could be around to witness the goes around..but being a 50 something...Not too much time left!!!!!!>>>>>

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Whoever made that "nest egg" comment clearly hasn't picked up a newspaper in, say, 10 yrs or so.

Nest egg? What is this nest egg of which you speak?? :confused:

Never had one, never will---got started too late in life and the last kid didn't leave until last summer. Now the hubby's retired for health reasons and I'm doing my level best to keep this old body cranking out 50-hour workweeks so we can pay a quarter of our income to the government while trying to survive. What's a nest egg again? :coollook:

Edited by VivaLasViejas

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I read a comment in another thread about older nurses who aren't going to quit their jobs so the younger nurses can have them . . . "No nest egg? What were they thinking?" And it made me so angry I just had to respond. What I was thinking was that if I made good money and socked away a decent percentage out of every paycheck I'd have a nice nest egg by the time I was in my fifties. And I would have . . . if I hadn't invested it in an indexed fund that tanked . . . . 2/3 of my retirement is gone, wiped out in just a short time. And my pension from the state . . . also tanked. The pension from one hospital that I worked in was eliminated by corrupt executives. So I'm still working and still saving, but I'll never have the nest egg that I worked for, saved for and planned on. And that's why I'm not quitting my job to make way for the twenty somethings. As far as why I don't get a nice, cushy desk job? Those are rather difficult to find these days, too.

Many do not realize how retirement funds work, and that the amount that is in them depends on the economy. I'm sorry that they are saying things like that, as regardless of profession, none of us are entitled to a job. We have to work for it, and hope the economy plays into our favor.

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Nest egg? What is this nest egg of which you speak?? :confused:

:coollook:

My egg got cracked. :doh:

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"What major hospital doesn't offer a pension after you've vested? If you work in a SNF or a convalescent hospital, you should have been looking to transfer to a hospital while you were young enough to do it. I started off in long term back in the early 90s and got out when opportunity knocked. As for no nest egg for retirement, who's fault is that?"

https://allnurses.com/general-nursing-discussion/problems-aging-nurses-671159-page5.html

I have worked in acute care with a critical care speciality for 331/2 years. SNF or Convalesant home....Really?

I am angry that we aren't treated better with the constant demands for higher and higher education, certifications and responsibility being heaped on us by leaps and bounds with the justification that it's "better" for everyone.....everyone but the nurses humping their butts at the bedside, that are thousands of dollars in debt from their higher educaitons......and don't even have retirement pension benefits that offer healthcare to it's workers when they are the providers of that health care. Trust me the CEO has retirement benefits that include healthcare.....:madface:

I read that thread and I wish it wasn't closed. I'm there with you Ruby. I had that nest egg......a substantial one. One that I lost half.....;before I could even click my mouse fast enough to get out of. I followed the advice of a financial advisor who said....."You are at the age to be aggressive" Then it crashed. My husband's was there too......we will never recoup the employer contributed portion (certainly not my employer contribution which was pitiful at best). I haven't seen a true "pension" in 15 years where I live and where I have practiced. I had a fully vested non-contributory sucked into oblivion by corporate greed and incompetence as well as a small issue of embezzlement. I still have a 15 and 14 year old that need to go to college. We are not in a recession people it's a depression from all I see......and would have been if we the tax payers didn't bail out those theiving banks.....:madface:

It made me angry that the implication was that we should be put out to pasture. Which by the way many hospitals are doing by layoff's and early retirement packages. Ageism is alive and well........The idea that older nurses are a problem and we should graciously step aside for the younger nurses is just plain wrong.

I did everything right and happen to be at the age I will never recover the funds I lost and I can never replace the contributions from my husbands employer. Problems with older nurses my eye......:madface:

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I work because I have to. I don't save because there's nothing left over after bills to save.

I assure all the 20 somethings out there, that I do not torture my tired old body just to deny them a job.

If I win the lottery I'll be sure and free up a job or two for someone else to fill.

Otherwise, barring dementia, I'll be on the job for the next 10-15 years.

Edited by imintrouble
clarify

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*Derp* Nest Eggs...Good luck with that. Nest Eggs are so 1985.

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I can't imagine a 20 something expecting a 50 something to quit her job so she can find one. That's silly talk.

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I missed that particular comment on the thread, Ruby. I'm glad you explained it. That question is shortsighted and it's personally dismaying to realize some new nurses feel we have to explain why we don't choose to leave our jobs for whatever reason. We don't. Hate to bring up the "P" (professional) word again but can you imagine physicians or lawyers leaping to the assumption that a newbie and an elder are interchangeable? Or deadwood that has to justify it's presence? It means there is very little appreciation for what is contained in our minds.

We are not expired milk cartons and I'm not buying into it.

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More statements of entitlement from the "Everybody's a winner" generation - now there's a big surprise:rolleyes:.

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