advice needed...

[Schneed10]

Originally Posted by jsarno

OK, I have enough stashed, and available if need be to take care of her and the kids for close to a year. Trust me, I understand my financial situation. I WILL find a job shortly, and I have time to get a job...it's just out of my comfort zone to not have a job.
We are both already set for 6 months without any addition income requirements. I also will not be without a paycheck until AFTER the cruise...so I'll be fine. I appreciate your concern, and if I were in your shoes, I would have said the same thing.

Thanks.

OK I was just going off your earlier post where you said you couldn't afford to live off $8-10 per hour. And you also said 'at least I have a decent amount in my checking account to live off, but this place is freakin expensive.' If you do indeed have significant savings that certainly does help.

But being the financey type, I feel obliged to warn that your own savings could be at risk as part of a pending divorce settlement between you and your current wife. You mentioned the divorce was final as of Monday, do you know how much in savings you're obligated to pass over to her? And how much in the way of alimony, if any?

Also, important to note that moving expenses to get you from New Mexico to San Diego will amount to about $3-4K, assuming you have enough stuff requiring a moving company.

And I'd also caution that you shouldn't underestimate the difficulty of finding a job in this job market, especially one that will pay you an MBA's salary, which I know is a degree you have. And if you're going to settle in California with Julia, even significant savings can get sucked up quickly in such a high cost of living area. Besides, if you have that much in savings, no doubt your best financial move would be to put it towards a down payment on a home in San Diego for you and your new family. You'll want to do everything you can to preserve that savings to use for that purpose, otherwise you're stuck renting.

Good luck to ya.