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Reply to "My organization announced a buy out option, and I need assistance"
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[quote=Anonymous]16:26 here - If I walked with $48K, it would get heavily taxed. Then I'd have to stretch that to cover my mortgage and all of my bills for however long I was unemployed, because unemployment might not cover a voluntary separation. At my level, it could be 6 months - it was 6 months last time I got laid off. And during that layoff, my mortgage was $1100/mo vs. the current $2500/mo. Also, frankly, it's easier to get a new job when you already have one. Employers like hiring people who are already employed by other people. What matters too? If you have a spouse who pulls down a good income. I'm single, so I'm the only income in my house. A person with a well-paid husband might be able to take the buyout - the risk would be less.[/quote]
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