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Chit Chat
Jells2dot0
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Well, today sucks!
in Chit Chat
Late last year, our company announced they were closing our facility in Arizona. Thankfully, we didn't get laid off, but we're in the process of relocating. Today, they announced they are freezing our pensions. DH just turned 52, so not quite old enough to retire, but not too much longer to go. We calculated that with the freeze, he'll be losing $2,000/mo in pension income. I'm losing $3,000/mo!!!! UGH.
So, we're spending all of this money to move and buy a new home, but now we have to compensate for the loss in income. The only good part of this is that his drop in income may not affect us that badly because it may reduce our tax burden a bit since I'll still be working. Also, I've been calculating my retirement savings using the pension amount I'm currently vested at, rather than the estimated amount. So, I'm still on target.
Oh, and I have to shave my head today
My hair is coming out by the fist full.
So, we're spending all of this money to move and buy a new home, but now we have to compensate for the loss in income. The only good part of this is that his drop in income may not affect us that badly because it may reduce our tax burden a bit since I'll still be working. Also, I've been calculating my retirement savings using the pension amount I'm currently vested at, rather than the estimated amount. So, I'm still on target.
Oh, and I have to shave my head today
My hair is coming out by the fist full.
This discussion has been closed.
Re: Well, today sucks!
I'm the fuck out.
The only silver lining with moving is that the area near DH's new job is super inexpensive. So, we can buy a new home and keep our current home with zero issues.
I'm confident we will be fine. We're smart with our money, but this is just a nasty curve ball during a time in my life when everything is up in the air and unsettling.
I'd say come visit if you were coming down to Dallas.
Thank you so much for offering to assist!! (hugs) My DH is traveling back every two weeks and will stay for two weeks. In between, my mom will be here. I typically do not mind being far from family, but this is one time it would have been nice to be closer to my parents.
I just got my head shaved and it's a look that is going to have to grow on me. I may just have to throw my aviators on and take a pic. It will be so GI Jane!