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well, like most libraries there will be a budget reduction next year, which they haven't spelled out.
I catalog books, and it is one of the areas that is outsourced, so my job may be eliminated or i may have to work in a branch (with people!)...
I have been almost maxing out my 457, so after 21 years there is $180 thou in the account.
My matching retirement with the count is $100,000 total!.
I take home 1400 a month after health insurance, and I cover myself, husband and 24 year old daughter living at home. She works, but no insurance. I know about Cobra for 18 months.
husband has good pension and salary, but we will probably have to postpone the 2 nice vacations we have every year. he was planning on retiring in 2 years.
Should i start "downsizing" now? Cut out Cable, Curves Weight watchers?
I really need the weight watchers and it's only 40 a month.
Oh, I am 59, hubby is 60 so I don't think i should panic yet. Just will hate to pay the big health insurance bill. I think after 18 months with cobra, I can convert till medicare kicks in, but it will be over 1000 a month I'm sure. We both have pre exisiting conditions (he's diabetic).
Even if i survive this cut, next year will be bad, and the year after. We only have about $20000 in emergency fund. Should I cutback on the 457, and boost that up?
Any advice appreciated.
Thanks..
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