My wife gave notice. She's working until May/June - exact date unclear.
It should extend our income for a while since her current job pays better than the new one.
We now have to begin planning the move and managing our cash flow - she'll be off for at least two months, possibly two and a half. That means three months without her contributions.
On top of that it will probably take 5-10 months to sell the new house.
I'm planning on creating a cash flow forecast through year end to see where we'll end up.
Obviously alot will depend upon me keeping my job with Big Company. Hopefully they will be pleased with my current activities on the joint venture. Managing so many people is certainly a handful. Actually I only have about 6 reporting to me directly and another two for special projects. There's another 180 that report to them (I though it was more, but it's not). It's possible I've met people who work for my management team and I never knew they were part of our group. I don't like that. What's the expression: a good general should know his troops?
With such a high risk role, I hope I can hang in there. My alternative approach is to create a strategy and help find a permament person for the role - either someone reporting to me or a hand-off. Obviously I'm not comfortable being in a high risk position while the sole bread winner during a move.
Another consideration is how long the old house will take to sell and how long it will take to find a new one. I'm guessing about five months, but it could be longer, maybe ten months. That's $30k I'll reserve.
Plus expenses for setting up the new house - I'd like to limit that to $30k as well. $60k is alot to pull out of our savings. If an emergency should strike, we'll be screwed. Need to rethink all this. Any recommendations?