Reply to Help me with my situation - considering leaving a long term employer

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[quote=Anonymous]Retirement age is 67. So you want to quit without another job 17 years early with 10 years of mortgage left, only 100K in bank and two college tuitions to pay. That is crazy. Just get a new job first then leave.

You will bleed out in a matter of 9-12 months. My BIL lost his job at same age as you. He blew through his 100K savings quickly. Then his wife, my sister got cancer. She worked part time and had to stop working, she now had burden it was her health insurance. He started tapping 401ks and then kids hated him as they had to pay their own college. He then racked up enough bills that at 65 had to sell family home they tapped out with home equity loans and second mortgages and move to a shoebox retirement home.

Quitting a job without a new one for a sole provider is insantity. If burned out just do your 40 hours and go home, if they dont like that they will eventually lay you off, give you severance, maybe cobra coverage for awhile and then unemployment you can file for. But quiting OMG that is nuts. And getting a job at over 50 when unemployed is super tough.

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