Thanks for all the advise, but the numbers just don't

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Thanks for all the advise, but the numbers just don't Posted by MI-Roger [Email]

(#882) [Profile/Gallery] (more from MI-Roger) on Sat, 27 Oct 2007 13:37:04

In Reply to: OT: Things to consider w/ mid-career employer change?, MI-Roger

[Profile/Gallery] , Fri, 26 Oct 2007 04:50:54 Members do not see ads below this line. - Help Keep This Site Online - Signup

The numbers just don't work in favor of the move. Although the initial gross pay would have been more than what I am currently making, three items made that difference disappear quickly. Higher state income tax in NC, higher employee contributions towards health care, and higher employee contributions towards pension completely consumed what initially appeared to be a nice raise. I spent most of the morning on various websites comparing the differences between the two employee benefit packages, and two State taxing policies.

Add in the cost of moving ourselves (no relocation assistance), my wife's loss of employment until she finds another job, higher probable mortgage cost, the cost of redecorating a new home to our tastes, and the move would be a money loser.

Some costs would be lower, property taxes and vehicle licensing among them, but there is little to no financial incentive to compensate for the big unknowns. If I was faced with loss of my present job I would jump ship in a heart beat, but the financial analysis shows us to be better where we are.

Atleast I know where the cow pies are in this pasture.

Thanks again for your comments and suggestions.

posted by 68.40.14...

_______________________________________ Saabs owned: 2008 9-5 Aero Sedan, sold at 227K miles 2006 9-3SC 2.0T - Wife's daily driver 2000 Viggen Convertible - Sold May, 2022 1964 Quantum IV Formula Car - Retirement project 2000 9-5lpt Sedan, sold at 318K miles

Posts in this Thread:

OT: Things to consider w/ mid-career employer change?, MI-Roger , Fri, 26 Oct 2007 04:50:54
- Thanks for all the advise, but the numbers just don't, MI-Roger , Sat, 27 Oct 2007 13:37:04 <-- Viewing This Message
  - I'm surprised that you haven't considered.........., Herb H, Sat, 27 Oct 2007 14:39:31
    - Actually, I did look at those Herb.........., MI-Roger , Sat, 27 Oct 2007 15:24:55
- Re: mid-career changes, CrNiFe , Fri, 26 Oct 2007 21:32:30
- How does Social Security fit into the change?, Mike in Anchorage, Fri, 26 Oct 2007 20:09:49
  - Yikes!!..............., MI-Roger , Sat, 27 Oct 2007 08:24:06
    - No worries..., Mike Lynch , Sat, 27 Oct 2007 09:29:20
    - Kettering? I'm a GMI grad!, Mike in Anchorage, Sat, 27 Oct 2007 08:29:14
      - Flint looks like the aftermath of a....., MI-Roger , Sat, 27 Oct 2007 08:43:50
- old saying, 993, Fri, 26 Oct 2007 11:55:39
  - Wise old saying....., Mike Lynch , Fri, 26 Oct 2007 14:00:42
    - Re: Wise old saying....., Caarl can't log in, Fri, 26 Oct 2007 14:42:55
- Less snow, and cold weather, Railhead , Fri, 26 Oct 2007 10:45:20
- Some advantages to public sector employment, Rod , Fri, 26 Oct 2007 09:19:20
- the decision is not always made w a calculator, AlS, Fri, 26 Oct 2007 09:14:01
- Ask yourself if things don't work out at NC, is it ...., TKC, Fri, 26 Oct 2007 08:47:47
- Re: OT: Things to consider w/ mid-career employer chang, Gene N , Fri, 26 Oct 2007 06:41:20
- Re: OT: Things to consider w/ mid-career employer change?, hr, Fri, 26 Oct 2007 05:51:15
  - Gross, not Net, pay increase......, MI-Roger , Fri, 26 Oct 2007 06:20:16
    - Re: Gross, not Net, pay increase......, Catsam, Mon, 29 Oct 2007 08:40:51
      - Unfortunately, that is not the case......, MI-Roger , Mon, 29 Oct 2007 09:02:27
  - Re: OT: Things to consider w/ mid-career employer change?, nick_c, Fri, 26 Oct 2007 06:00:45

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