What should I do if I cannot find a role paying same as what I make?įirst post, long time reader with interest in FIRE. Should I be desperately looking for a position now or relax and take time to look after being let go? If I add unemployment insurance it can stretch even further. If I reduced this to $4300 a month, it will stretch even further. ![]() I am looking for input on the following and would be grateful for any suggestions:Ħ months Emergency savings plus 5 months severance plus 6 months ahead on current average spending of $8825 per month gets me to 17 months. If I don't have a job, living where I am I can bring this down to $4300 a month which would not include any savings. My monthly expenses based on take home pay adds up to $8825 which includes additional retirement savings, 529plan savings, buffer for health insurance in future, vacation savings etc. ![]() This is the hardest I have seen finding a job in the last 20 years that I have worked. I have started looking at the moment for the last one month or so and am not even getting one interview (just getting rejected on application). Some are asking to wait for severance and then look while others are asking to start looking right now. There are multiple schools of thought about finding another job. My current situation is as follows:Ĥ months ahead on budget and trying to get to 6 months On being separated I will get 20 weeks of severance pay plus a prorating on all stock options not vested. I currently make $196k on base plus about a $100k in bonus and my spouse makes about $36k. ![]() My company has announced that 85pct of the staff will be cut and I am expected to be impacted in second half of 2023. I am a Program Manager working with a large Pharma organization. I am 45, married with a spouse who just started earning and two kids 9 and 5. Disclaimer: I am on my path to financial independence and have hit a roadblock.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |