No. of Recommendations: 3

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
Print the post  


UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.