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Author: joelcorley Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 311073  
Subject: Re: OT: Moving... Date: 8/21/2012 7:15 PM
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You wrote, As long as you considered the higher COL in accepting the offer, you should be fine.

I think I'll be fine.

The offer is good. Adjusted for COL, the base pay for the offer is about the same as I make now. However:

1. I think the work will be more interesting;
2. I'll be full-time again with associated benefits;
3. They're paying for most of our relocation costs; and
4. We'll be close to where we eventually want to retire.

The benefits are a huge plus. (I've been a "W-2" contractor for the past 4 years with few benefits.) The new job includes (mostly) employer-paid insurance, a proper 401(k) plan with matching and a Roth option, an ESPP and possible annual bonuses and stock awards. The benefits alone (without any potential bonus or stock) amounts to about an 8-9% pay raise.

All in all I think it will be a good move, even considering the high cost of housing there.

So far the only down-side I see financially is that the move itself will impact my taxes substantially. I also had a big capital gain this year, which means I expect to get really reamed by the IRS come April. Of course some of that was going to happen even if I move, so I suppose I shouldn't complain...

Of course I'm also leaving family here too. My parents, my 2 brothers and my son (27) are all within about a 90 minute drive from our current abode. My daughter (25) and granddaughter (5) live in Oklahoma about 4-5 hours away. Moving to the Seattle area makes anything like a casual visit completely impractical.

On the flip side, I have a sister and her family about 5 hours away in Spokane. And ... aj485 is moving her mom out there too.

- Joel
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