AboutThere
Recycles dryer sheets
- Joined
- Mar 31, 2016
- Messages
- 100
Just fishing for whatever tips you all might have, especially from those who have been laid off unexpectedly.
Company is under new ownership and I'm VERY worried that I'll be targeted for a layoff and I'm maybe 3 years short of FI. Middle management type. Mid-50s, no kids at home. I expect a protracted job search and a large reduction in salary if/when I find something.
It looks like they are offering a severance that would result in maybe 25,000 before taxes. I hope.
We can pay our bills (but not maintain our current standard of living) on DW's reliable safe job. Hopefully won't need to withdraw from my modest 401k but won't be making any travel plans.
I'm looking for any general tips; I've already decided to sell off one newer car and buy a 10-year old beater. Looking at trimming any other expenses as well.
Any tips on what to do with a 25,000, which will be the largest single chunk of money I'll ever see. I don't even know what other questions to ask. Appreciate any help.
Company is under new ownership and I'm VERY worried that I'll be targeted for a layoff and I'm maybe 3 years short of FI. Middle management type. Mid-50s, no kids at home. I expect a protracted job search and a large reduction in salary if/when I find something.
It looks like they are offering a severance that would result in maybe 25,000 before taxes. I hope.
We can pay our bills (but not maintain our current standard of living) on DW's reliable safe job. Hopefully won't need to withdraw from my modest 401k but won't be making any travel plans.
I'm looking for any general tips; I've already decided to sell off one newer car and buy a 10-year old beater. Looking at trimming any other expenses as well.
Any tips on what to do with a 25,000, which will be the largest single chunk of money I'll ever see. I don't even know what other questions to ask. Appreciate any help.