Does the wife work?

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It's tough. I got laid off for my 50th birthday and took almost a year to find a full time job. All the good advice you've heard does apply.

If I could turn back the clock, I would have not waste any time with headhunters, job websites or company websites. All of the progress that I made (including the job I got) came from connections with people I already knew.

+1 Especially if your DH is in late 40s or 50s. The job websites throw out so many applications that human never even see, even if you haven't put your birthday in. That said, there is something hopeful about finding something an applying for it. Steady doses of hope, but really, it's networking.

I’m late 40s and disagree on pursuing postings. Especially if the OPs husband is a high level, a job posting can be a very productive way of landing a job bc hundreds of the applicants don’t actually qualify for sr Director or Vp roles. Do both. Network and submit applications to job postings.

I view website and LinkedIn postings as low risk low reward. Don't spend a ton of time on them, but there's a small chance you may land a couple interviews from them. During my last job hunt, I just uploaded one resume and submitted it to a lot of different jobs. Only one actually panned out to an offer, but it didn't take much time to click a couple buttons and try. The advice to treat the search like a job is good, so it should be easy to send out a bunch of these every day.

Thanks all. OP here. I think he will be fine (it's a bit of a blessing - he was stagnating and couldn't get promoted any higher than he was), but this feeling isn't fun right before christmas.

Anonymous wrote:

Anonymous wrote:six months severence. ugh

That's an excellent severance. He will find something quick there are a lot of places hiring right now. Don't panic.

Economy and employment is booming. Dow is at all time high

So sorry to hear this. Great advice already and thankfully at least he got the 6 months severance. I would sit down immediately and evaluate your current expenses, and what assets are or can easily become liquid should you need them. Look at your current budget and see what you can eliminate (I was surprised by a lot of things that we automatically pay for but didn't need).

Also, allow your husband time to process this - while the holidays are an awful time to be let go, in many industries it's a slower time to focus on family. Let him enjoy this time (or let him wallow right now). As others have said what side jobs or other skills could help to bring income in during this time?

The 2 times I went through it - the shock and feeling like a loser took time to shake off. I don't think I would have been good interview material during that time. After getting through that stage I evaluated what I wanted to do, and what my skill sets were and worked that angle. There were a few opportunities that were significantly lower salary offers and I had to decide do I take them to stay afloat. Or continue to treat finding a new job as a full-time job. I think it also depends on the industry he's in on how hard it will be to land somewhere else.

Anonymous wrote:It's tough. I got laid off for my 50th birthday and took almost a year to find a full time job. All the good advice you've heard does apply.

If I could turn back the clock, I would have not waste any time with headhunters, job websites or company websites. All of the progress that I made (including the job I got) came from connections with people I already knew.

Same experience

Sorry OP - the worst time of year for it too! I've been there. I'm self employed too and my marketplace premiums kept going up. I found plans through United for better coverage, lower premiums ($300-400/mo).

Kat was my agent: https://ushagent.com/khristinaeberle

Also remember that he can apply for unemployment, although usually that kicks in when the severance ends. It's not much but can help to offset some costs.

Anonymous wrote:six months severence. ugh

That's an excellent severance. He will find something quick there are a lot of places hiring right now. Don't panic.

Anonymous wrote:any cobra or health insurance advice? we get it thru him as i am self-employed.

Just make sure he fills out the paperwork for COBRA core toy to continue health and dental coverage. Expect to pay 2k per month for family plan.

Anonymous wrote:

Anonymous wrote:It's tough. I got laid off for my 50th birthday and took almost a year to find a full time job. All the good advice you've heard does apply.

If I could turn back the clock, I would have not waste any time with headhunters, job websites or company websites. All of the progress that I made (including the job I got) came from connections with people I already knew.

+1 Especially if your DH is in late 40s or 50s. The job websites throw out so many applications that human never even see, even if you haven't put your birthday in. That said, there is something hopeful about finding something an applying for it. Steady doses of hope, but really, it's networking.

I’m late 40s and disagree on pursuing postings. Especially if the OPs husband is a high level, a job posting can be a very productive way of landing a job bc hundreds of the applicants don’t actually qualify for sr Director or Vp roles. Do both. Network and submit applications to job postings.