In your OP, you said you needed to pay Cobra. If you get benefits, you won't need to pay Cobra (which is $$$.) |
In your original post you alluded to COBRA. “ have life insurance benefits and other survivors’ benefits but the reality is that I need to rebuild my resume, pay for COBRA, and establish sufficient income to hire more help in the future. ” COBRA is crazy expensive, but I guess as a dependent you can pay for it for 36 months. So your assumption is that you can work a 9-2 job paying fairly well, and then transition to full time before the 3 year clock runs out. But the job market is terrible and likely going to get worse, do you want to blow so much money on COBRA? Or is your COBRA crazy cheap? |
| I think you need to invest in a full time job and an after school nanny/driver if you can. I lost my mom at a young age and that is what my dad did. Still remember some of those babysitters fondly! |
| Part time secretary or office manager. Any other type of part time job won’t offer a fixed schedule and there’s no reason to take a really bad job (like a para) unless it is related to the eventual career you want. Just start pounding the pavement and networking to find a local business that could use you. |
This is advice from the perspective of one who has read far too many stories in financial fora about people unprepared financially for retirement due to a lack of foresight and planning. Kicking the retirement can down the road doesn't work. It takes time and discipline, not the elevation of other priorities with the thought that retirement will somehow take care of itself later. Yes, it would be nice for the kids' lives to be as unchanged as possible, but there is a very impactful financial cost to the OP from prioritizing that over her own future. One is "would be nice to have", the other is not really optional unless the prospect of many decades of retirement supported by little more than, or even only, Social Security sounds appealing. |
That’s the worst idea for a job for a recently widowed mom. It’s an extremely stressful job and the learning curve is steep. A paraprofessional has fewer responsibilities and requires fewer qualifications. It pays less but often includes health insurance. |
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Where are you located? Caring Transitions is a franchise and there are multiple ones in the area that always seem to be looking for part time people to work with seniors to help downsize homes and auction items. Here is an opening for the Rockville location that says part time hours are flexible from generally 10-3 but you can look on the website for other locations:
https://www.caringtransitions.com/careers |
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Can you say what your extremely NYC specific job was? Maybe we can brainstorm something.
United Nations tour guide? Ferry boat captain? Electronic ticker machine clerk? NYSE trader? Department store window dresser? |
Preschool teaching jobs are plenty, easy to get and you get paid holidays. |
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Pp
can also be very flexible. |
I really want to answer ferry boat captain! But actually in network television. Nothing similar down here and mostly phased out up there in the last few years anyway. |
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I don't know how old your children are but could you get some CPR training and then be a nanny or do some before and after care work? Have you looked at local libraries to see if they have any positions open?
I would definitely put out the word to your network and parents of your children's friends, even to the kid's school front office. |
The pay is terrible. Unlikely to have benefits if it’s a half day program. And for the full time preschool jobs a lot of teachers have credentials. |
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I am recently divorced and was shocked that with my very low earned income but large amount of alimony, I only qualify for Medicaid. Currently alimony is not taxable income and doesn't count. I double checked because I felt like I was gaming the system somehow.
So my healthcare costs are much lower than I anticipated. I was budgeting several hundred per month for a plan on the exchange. Be sure to compare this pricing to your COBRA. |
| Alimony is still a thing? I thought that was a thing of the past. |