lem1955
Recycles dryer sheets
- Joined
- Mar 1, 2007
- Messages
- 315
I'm currently negotiating how many more months I'll be at work and a severance package - maybe up to 22 months of base salary $134,400 which is about $38,000 more than my partner (65) and I need to live on. I didn't expect to be here quite so soon, but I think I'm in pretty good shape - net worth $1,773,465, house is $347,618 of that. Debt of only $85,000 (mortgage and HEL, only). Trying to decide whether to keep paying off the mortgage at a higher than required rate $1500 in order to retire it sooner, or go back to paying $1132/month and stretch it out longer. Definitely freaked out about spending rather than accumulating, even though I should be able to accumulate a couple more years if the severance comes through. I'm even more freaked out about being so tight with money that my partner flips. Losing a job is one thing. Divorce is quite another. We haven't had to budget in quite awhile. Comments welcome. I expect to return often. P.S. I'm tickled pink to have at least a long break from work. Maybe I'll never go back!