A big change came in late September / early October when Hubs took on a new position at another company. For those of you who may remember, it was questionable how long Hubs would have had a job since contract negotiations weren’t going well, and there was little sign of one being renewed. Hubs has never been one to jump ship, so he planned to see his job through to the end. There were some extensions as well as a small bonus for those who would stay through October. But at the end of September, Hubs found out about a new position through a friend. We firmly believe that God was involved, especially since Hubs wasn’t looking for another job.
While leaving his current position would mean losing the bonus (I believe it was up to $ 3,000. The company continued to raise it as more and more employees jumped the ship), the new job got a MUCH bigger bonus. Not only that, but it came with a brand new five year contract and paid more! Besides, it no longer meant flying back and forth to the east coast, and he would be coming home a lot more than before. Some of his work was even within 20 miles of our home. We never thought that would ever happen.
As with any new job, adjustments always have to be made. For our health plan, the math made sense, choosing one with a higher deductible. This way, we can now contribute a maximum of $ 8,200 to an HSA. We plan to continue paying the expenses out of pocket and to keep these funds in case Hubs retires. Hubs pushed back a bit in this regard as we also add 15% to its 401 (k). Ultimately, he left it up to me to decide, and that’s exactly what we do. Bonus, there was no wait for the 3% corporate game so I think we’re off to a good start when it comes to retirement planning with the new job.
Two weeks ago, Hubs received a raise. From the best I can say (he gets different prices for different things) the cost is around $ 4,000 per year. Not too shabby to be a new employee!
What we did with part of the sign up bonus I’m sure some of you are going to shake your heads. We bought a roll-in dock to accompany the boat and lift. I can imagine it can vary depending on where you live, but a roll-in dock is a norm for lake life in our area. And no, we’re not trying to keep up with the Jones. If we were we would have to add a second boat as well as a couple of wave runners and a much bigger dock! We did not get involved in this purchase either. Hubs researched our best options and even then we waited until the end of November to place our order. Similar to the boat and lift, I’m happy to say that we don’t have any payment! Would we have bought the dock without the job change and sign-up bonus? Not immediately likely. First, we wouldn’t have wanted to take payment (docks aren’t cheap!), And with so few hubs home, we would only have used the public boat launch. Admittedly, not at all convenient, but no payment either!
Yes, this job change turned out to be a blessing in disguise!