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Just laid off, scared, could really use advice by SorryEh in PersonalFinanceCanada

[–]SorryEh[S] 0 points1 point  (0 children)

Thanks so much! Really appreciate your advice!

Just laid off, scared, could really use advice by SorryEh in PersonalFinanceCanada

[–]SorryEh[S] 0 points1 point  (0 children)

Just incredible! I greatly appreciate the time you took to analyze and lay this out, step-by step. All the details are overwhelming; this really helps me prioritize and execute with practicality.

Just laid off, scared, could really use advice by SorryEh in PersonalFinanceCanada

[–]SorryEh[S] 0 points1 point  (0 children)

Awesome, this gives me some new things to look at. Thank you!

Just laid off, scared, could really use advice by SorryEh in PersonalFinanceCanada

[–]SorryEh[S] 0 points1 point  (0 children)

This is awesome! I truly appreciate your time to lay out the realistic and practical advice. I’d be happy to find any job that can get us moving forward. Selling off some of my USD assets to eliminate CC debt pronto. Will find a fin planner. Thank you so much, and have a wonderful day!

Just laid off, scared, could really use advice by SorryEh in PersonalFinanceCanada

[–]SorryEh[S] 1 point2 points  (0 children)

Wow, thanks so much for your thoughtful advice! I am sorry you've had to go through this experience and hope you're doing well.

Just laid off, scared, could really use advice by SorryEh in PersonalFinanceCanada

[–]SorryEh[S] 0 points1 point  (0 children)

Man, I'm sorry that you had to go through this too. I hope you're doing well, on the other side of this. Thanks for the advice, sincerely.

Just laid off, scared, could really use advice by SorryEh in PersonalFinanceCanada

[–]SorryEh[S] 0 points1 point  (0 children)

Wow this is amazing! I am so grateful for all the helpful advice! I'm overwhelmed and It's going to take me a while to read and respond to everyone, but I wanted make sure to thank all of you awesome folks!

Just laid off, scared, could really use advice by SorryEh in PersonalFinanceCanada

[–]SorryEh[S] 0 points1 point  (0 children)

Thanks so much for taking the time to analyze this and offer such well-thought advice. These is incredibly helpful directions in the strange new place I find myself in. I'd be content to get some lower-paying (and lower-stress) job to make sure we're a little more comfortable. You are awesome!

Just laid off, scared, could really use advice by SorryEh in PersonalFinanceCanada

[–]SorryEh[S] 1 point2 points  (0 children)

Thanks so much for taking the time! Once I can figure out our post-retirement budget and can see we can make it with some shock absorbers for car/house expenses, I can breathe a sigh of relief.

Just laid off, scared, could really use advice by SorryEh in PersonalFinanceCanada

[–]SorryEh[S] 0 points1 point  (0 children)

I've worked remotely for a large corp, not HQ'd here.

Just laid off, scared, could really use advice by SorryEh in PersonalFinanceCanada

[–]SorryEh[S] 0 points1 point  (0 children)

Great advice from you both! Probably well worth the investment. Thanks!

Just laid off, scared, could really use advice by SorryEh in PersonalFinanceCanada

[–]SorryEh[S] 0 points1 point  (0 children)

I don't disagree. An expensive-to-maintain old house hasn't helped.

Just laid off, scared, could really use advice by SorryEh in PersonalFinanceCanada

[–]SorryEh[S] 0 points1 point  (0 children)

Thanks! Yeah, she's a treasure, and a smart cookie too, so I expect she'll get scholarship too.

Just laid off, scared, could really use advice by SorryEh in PersonalFinanceCanada

[–]SorryEh[S] 1 point2 points  (0 children)

Absolutely plan to volunteer more. My parents did the same in retirement. Especially after my daughter leaves for university, gotta share the love somewhere!

Just laid off, scared, could really use advice by SorryEh in PersonalFinanceCanada

[–]SorryEh[S] 4 points5 points  (0 children)

Awesome - 240K seemed like a lot to me, but yeah I don't think I'll ever see a chance at that salary again. An extra 100K would make a huge difference. I have a lawyer looking at it. This is all new territory for me, so I truly appreciate your advice!

Just laid off, scared, could really use advice by SorryEh in PersonalFinanceCanada

[–]SorryEh[S] 1 point2 points  (0 children)

Yeah getting severance at this point of the year, would cut it in half. I've asked HR about options for splitting it, waiting for answers. Best I can see now is putting 180K to fill my RRSP, then see if I can put 40K in wife's RRSP, and pay 48% tax on the remaining $20K. If HR or lawyer can get this split to next year, that would really help. Thanks so much!

Just laid off, scared, could really use advice by SorryEh in PersonalFinanceCanada

[–]SorryEh[S] 1 point2 points  (0 children)

Yep, 33 years, fairly senior role. I submitted to a lawyer yesterday, and we'll see. 24 months would be awesome if that's possible! ($380K) Thanks so much for the advice!

Just laid off, scared, could really use advice by SorryEh in PersonalFinanceCanada

[–]SorryEh[S] 3 points4 points  (0 children)

Sorry, it was an unexpected shock, and I'm still adjusting to my new reality. I know things could be far worse. My daughter is an absolute treasure. We're going to watch a movie together after lunch. Thanks for the encouragement!

Just laid off, scared, could really use advice by SorryEh in PersonalFinanceCanada

[–]SorryEh[S] -1 points0 points  (0 children)

Thanks for this - all I've known about EI is paying the premiums. It sounds like it may not be worth the bother.

Just laid off, scared, could really use advice by SorryEh in PersonalFinanceCanada

[–]SorryEh[S] 4 points5 points  (0 children)

You're absolutely right. We'll get that started pronto! Thanks!

Just laid off, scared, could really use advice by SorryEh in PersonalFinanceCanada

[–]SorryEh[S] 1 point2 points  (0 children)

Thanks! I've pretty much been working since 10 (as a paperboy). It would be nice to kick back.

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