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youbet · 02-13-2007, 09:50 AM

Lots of bumps and jostling in your lives right now. My best wishes that things settle down health-wise and job-wise. There seem to be so many variables in life you can't predict no matter how much planning you do.......

You mention that the $50K emergency fund is about gone and that you have $350K in a retirement fund, which I assume is deferred money. Where is the 20% you had been saving beyond funding your 401K's?

Is your rental property generating a positive cash flow?

What were your plans to pay for the condo before you lost your job given the possiblility of you current home not selling before the closing date on the condo?

Have you put together some hypothetical budgets covering the various scenarios quantifying how much you need and for how long?

Would it be correct to say that if you get another job promptly, DW begins collecting SS disability in a year or so (takes a long time), the house sells and your severance leaves you owning the condo free and clear, all is OK, at least financially?

Sorry, I'm all questions and no answers at this stage.

02-13-2007, 09:50 AM	#3
youbet Give me a museum and I'll fill it. (Picasso) Give me a forum ... Join Date: Mar 2005 Posts: 5,315	Lots of bumps and jostling in your lives right now. My best wishes that things settle down health-wise and job-wise. There seem to be so many variables in life you can't predict no matter how much planning you do....... You mention that the $50K emergency fund is about gone and that you have $350K in a retirement fund, which I assume is deferred money. Where is the 20% you had been saving beyond funding your 401K's? Is your rental property generating a positive cash flow? What were your plans to pay for the condo before you lost your job given the possiblility of you current home not selling before the closing date on the condo? Have you put together some hypothetical budgets covering the various scenarios quantifying how much you need and for how long? Would it be correct to say that if you get another job promptly, DW begins collecting SS disability in a year or so (takes a long time), the house sells and your severance leaves you owning the condo free and clear, all is OK, at least financially? Sorry, I'm all questions and no answers at this stage. __________________ DW paddling the Kankakee River........