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October 17, 2013 at 3:43 am
LesleyWell, it has been a few weeks since we got some not so good news…DH was offered early retirement, AKA- you are at the top of the food chain and we need to cut expenses.
We sort of knew it would eventually happen but were hoping that it would be a few years down the line.
Because we sort of knew it would happen, I had been frantically trying to pay everything off…all we have left is the mortgage.
They have given us a decent package, so I have been speaking to an accountant and a financial planner.
Nothing set in stone and I still need to have another meeting with the FP and have DH with me DH is going to start his own business, so we are trying to set that up.
I had to give him some tough love the other night because he had hit a wall.
So he is starting to work on that again–meeting with attorney tomorrow because he will need one for start up and contracts that he will get.
I think I’m over the panic stage, but we are going into the unknown.
Emergency funds are in place and with the settlement and planning, we should be ok.
So, I guess I need to get moving and declutter so I can figure out where to put an office…the kids suggested the shed, but there’s no electric there LOL Ellie-MaeOctober 17, 2013 at 3:46 am
AdalbertoWe went through this 2 years ago and its the best thing that ever happened… I know its really scary in the beginning but you’ll be fine and enjoy! Lea [MOD EDIT: URL removed]
October 17, 2013 at 3:49 am
KentWell, it has been a few weeks since we got some not so good news…DH was offered early retirement, AKA- you are at the top of the food chain and we need to cut expenses.
We sort of knew it would eventually happen but were hoping that it would be a few years down the line.
Because we sort of knew it would happen, I had been frantically trying to pay everything off…all we have left is the mortgage.
They have given us a decent package, so I have been speaking to an accountant and a financial planner.
Nothing set in stone and I still need to have another meeting with the FP and have DH with me DH is going to start his own business, so we are trying to set that up.
I had to give him some tough love the other night because he had hit a wall.
So he is starting to work on that again–meeting with attorney tomorrow because he will need one for start up and contracts that he will get.
I think I’m over the panic stage, but we are going into the unknown.
Emergency funds are in place and with the settlement and planning, we should be ok.
So, I guess I need to get moving and declutter so I can figure out where to put an office…the kids suggested the shed, but there’s no electric there LOL Ellie-MaeOctober 17, 2013 at 3:50 am
GenaroEllie-Mae, I can completely relate to what you’re going through.
For years my (first) husband was the guy hired to manage car dealerships when they were struggling.
We lived in Austin, Atlanta, Phoenix, Lexington (KY), and Gainesville (FL) until he finally got fed up and we bought our own car dealership in northern Ohio.
He was always hired at a high salary and when things were turned around and running smoothly at the dealerships he managed, all of a sudden the owners no longer wanted to pay the salary he was brought in at, and generally, the owners then stepped in and took over his G.M.
position and he could either stay around as a sales manager rather than a GM (knowing the sales manager would then be fired) at a reduced pay or we could move on.
We always moved on.
He knew he’d still have the same hours, and same responsibilities, but with a reduced income.
It’s tough, and it’s scary.
I do wish your husband the best of luck with his new endeavor, but I must say your children are brutal expecting their dad to work in the shed during these hot, Florida days! KimberlyOctober 17, 2013 at 3:53 am
Winfredthanks for the thoughts..been a long few weeks.
he’s been with this co for 26 yrs, so no brainer on the top of the food chain.
the biggest thing is that at some time they dropped the pension for 401k..he’s up for both–been with them for a long time.
they have offered a contract on top of the severance pay..so not totally left alone, but the taxes will suck.
Here comes the SAHM that made friend with the neighbors and can barter for some advice.
they have only reinforced what I had thought.
The only thought about the shed is that they have never had him home over a long period…this co is not family friendy, but they would like to think so.
When we moved here, the hood teens thought I was a single mom–that ended about 5 yrs ago, we have been here 20+ Ellie-MaeOctober 17, 2013 at 3:56 am
FreddySomeone needs to fix this dealership.
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