Big life upheaval, moving across the country, new job, etc
Categories: Planning, Financial | January 5th, 2008 | by Dave | one commentsI’ve been a bit lax in updating the blog, since so many things have been changing over the last month or so. What basically happened was that I went through the interview process with one of the big internet companies, and ended up getting a job offer.
So here I am in Seattle now, and my wife is back in Chicago working on selling the house. Just a few days ago I put down money on a new apartment, so we will be stretching ourselves very thin until the house is sold. However, in the long run I think this could be a good financial opportunity.
As with many tech companies, beyond my normal salary, I also received a stock bonus upon hire, and will theoretically receive one every year. My plan is for us to live off of the salary (contributing to 401k of course), and keep (or sell/invest) the stock bonuses for retirement. I figure that should give a decent boost to the retirement plan. My stock bonus upon hire was about 45% of my total salary, so if that continues I should be doing quite well in the savings arena. Once I put 15% in my 401k, I’ll end up saving over 50% of my salary, which is pretty good at my income level.
Our networth will change dramatically over the next few months I imagine. We will need to sell our home, my wife will need to quit her job and find a new one. So for awhile our networth will be damaged, but hopefully within a year or two we’ll have made up the damage and get moving upwards again.
So it will be an interesting next few years, we’ll see what happens.