Hard to tell, isn’t it?
I just checked my Vanguard funds. Though they lost a little, it’s not enough to drive one out the high-rise window. Doesn’t mean things won’t be worse tomorrow, of course…still, I think it’s best not to study the day-to-day rises and falls of your investments but to keep your eye on the long view.
A pretty murky view just now, it must be admitted.
This morning I spent almost five hours on the application for the new job; still have to write the cover letter.
And I wrote a set of spreadsheets preparatory to meeting with my financial advisor about how to deal with the coming layoff. I wanted to lay out all the relevant factoids: current gross & net pay, projected Social Security entitlement, cost of Cobra ($471 a month! Up from $25), estimated unemployment payments (amazingly piddling–possibly not even worth the hassle of applying), RASL (the amount GDU has to pay for my unused sick pay, an astonishing $17,230), and the estimated amount of my total savings.
Today I learned that GDU has to pay me my hourly rate for 264 hours of unused vacation time: something over $7900. That will help!
Not only that, but I’m also owed 32 hours of use-it-or-lose-it time, for which I will not be paid. So I think I’ll take four days of vacation time starting this week…and not think about GDU even once during the entire period!
With these figures in hand, I calculated several possible scenarios, ranging from retiring today to getting some sort of job. If I can’t get work (and at my age it’s unlikely), things are going to be difficult, indeed.
Oh, well. That’s a bridge to cross later. Maybe not much later…but later.
IMHO, the current stürm und drang will take a while to come home to you and me: not until we see our jobs disappear, credit dry up, and the huge chains that have pushed out local businesses close down—shrinking supplies of food and manufactured goods. That may take some time. With a large helping of luck, it’ll never happen.
What a sad spectacle our country’s grasping, small-minded, doctrinaire partisan politics have spawned. For shame!
The Continuing Saga…