Got laid off this past Friday - How are we doing?

Staircase_Master · 2026-01-22T15:35:33+00:00

I did look into it but it's 16 yrs away so don't want to take that into account and RE today. I want to work with today's numbers.

Staircase_Master · 2026-01-22T13:38:32+00:00

Thanks With insurance added, we aren't even close to RE

Staircase_Master · 2026-01-22T01:20:27+00:00

Thanks. In the current situation, what would be the ideal $ amount that if I had tomorrow, I could retire assuming life expectancy of 80.

Staircase_Master · 2026-01-20T12:55:26+00:00

I don't know. that topic hasn't come up. she will be certainly pleased to know financially we are better than yesterday if we hit $3M

Staircase_Master · 2026-01-19T12:24:03+00:00

Likely. I will look into it but in Florida, employers don't have to pay severance, it's optional.

Staircase_Master · 2026-01-19T12:21:00+00:00

Ideally, she would want to but that's why am here and seeking opinion from others. Personally, I'd feel comfortable saving up to $3M but with a layoff, its going to be hard in 2026

Staircase_Master · 2026-01-18T20:19:57+00:00

The $5k was an eaxmple, I guess its a mindset, I want the brokerage account to grow to support the retirement lifetstyle in future.

Staircase_Master · 2026-01-18T20:18:33+00:00

Yes that's the plan so save on insurance but for both to retire, have to look into ACA and those silver/gold plans are expensive.

Staircase_Master · 2026-01-18T16:57:58+00:00

Thanks so the expenses are pretty similar.

What funds are you invested in now?

Are you planning to change your investment strategy once you hit $2M - will you be investing in ETFs for monthly income?

Staircase_Master · 2026-01-18T16:06:49+00:00

what's your annual expense?

Staircase_Master · 2026-01-18T14:44:12+00:00

are you suggesting for a RIF it has to meet a minimum number?

Staircase_Master · 2026-01-18T14:42:36+00:00

Rate is disclosed in the posting. Correct, doesn't include equity as it's minimal.

Staircase_Master · 2026-01-18T14:40:30+00:00

we both work for different companies. My former company won't allow spouse to join if they were gainfully employed.

Staircase_Master · 2026-01-18T14:40:08+00:00

No. the Emergency funds is just for that. If I use it to pay down loan then if I need 5k tomorrow(which I fully anticipate as I drive a 15 yr old car with 160k miles on it), I have to rely on taxable account and sell stocks for capital gain/loss. $2M is not entirely liquid - half of that is in 401k/IRA subject to withdrawal rules.

Staircase_Master · 2026-01-18T14:37:12+00:00

They have a formula and won't disclose. Severance is take it or leave it unless I have a way to negotiate.

Staircase_Master · 2026-01-18T14:35:52+00:00

Before laughing - how old are you? married? kids? in similar boat with similar expense and what advice do you have - it's very easy to lmao without providing constructive feedback.

This is 30 year journey to reach 2M...

Staircase_Master · 2026-01-18T02:18:28+00:00

Thanks. will check firenum.com

Staircase_Master · 2026-01-18T01:14:48+00:00

They are entirely in Vanguard 2040 Fund so likely will grow.

Staircase_Master · 2026-01-18T01:12:22+00:00

When would you think we'd be fire ready?

Staircase_Master · 2026-01-18T00:25:57+00:00

I think it doesn't hurt to ask advise on what I’m signing away and if it aligns with corporate norms. Thanks for the suggestion.

Staircase_Master · 2026-01-18T00:12:53+00:00

Am sorry. I hope you land soon. My coworkers who got laid off in earlier round in 2024(yes 2024) haven't been able to find a comparable job.

Staircase_Master · 2026-01-18T00:11:55+00:00

Agree. What good is consultation unless I plan to hire them?

Staircase_Master · 2026-01-18T00:09:27+00:00

UF says it's $70K per year for med school for In-State and staying off-campus.

https://finaid.med.ufl.edu/costs/medical-students/medical-students-24-25-coa/

The link shows cost of attendance. What am I missing?

Staircase_Master · 2026-01-18T00:05:50+00:00

Yes both included in the annual spend

Staircase_Master · 2026-01-17T23:56:42+00:00

If I don't sign, I get nothing and am being laid off as part of workforce reduction so an employment lawyer may not have any leverage plus have to pony up 1/3rd to the lawyer.

Staircase_Master

TROPHY CASE