retire2020
Recycles dryer sheets
- Joined
- Sep 22, 2012
- Messages
- 459
I just resigned. We had several re-orgs at my MegaCorp in past three months and my role from global was changed to local customer base. Worst of all was last Friday when I got paid for end of July and found out by surprise that my base salary was cut by 8% and that too was retroactive from July 1st! No one communicated pay cut through out last three months and through five diff managers in just three months. I knew and found out once again that loyalty is one way street in Corporate America. I felt insulted the way I was treated after 7+ years at this MegaCorp so I just handed in my resignation with two weeks notice.
Not the way I wanted to end my career but it's what it is! Thank god that my skills are very marketable but I will not be actively looking and consider my self FIREd.
My plan is simple.
- 3M AA split 65/35....will change to 60/40 soon
- Withdraw 3% every year ---> 90K
- DW's part time consulting..30 Hrs/Month will bring in 30K/yr
- 80K is essential expense and rest is discretionary
Our daughter has four more years of college left. Twin boys will attend college in six years. Education is fully funded and not in that 3M. DW will continue her part time job for six years. Will then re-evaluate WR in six years when DW stops working.
My taxable investment generates 60K yield so in worst case I'll withdraw 30K from short term muni bond for coming six years assuming all downhill from here.
Will need to figure out health insurance. Planning to use COBRA for rest of the year.
Yes...I'm scared! But will deal with it as it unfolds!
Not the way I wanted to end my career but it's what it is! Thank god that my skills are very marketable but I will not be actively looking and consider my self FIREd.
My plan is simple.
- 3M AA split 65/35....will change to 60/40 soon
- Withdraw 3% every year ---> 90K
- DW's part time consulting..30 Hrs/Month will bring in 30K/yr
- 80K is essential expense and rest is discretionary
Our daughter has four more years of college left. Twin boys will attend college in six years. Education is fully funded and not in that 3M. DW will continue her part time job for six years. Will then re-evaluate WR in six years when DW stops working.
My taxable investment generates 60K yield so in worst case I'll withdraw 30K from short term muni bond for coming six years assuming all downhill from here.
Will need to figure out health insurance. Planning to use COBRA for rest of the year.
Yes...I'm scared! But will deal with it as it unfolds!
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