My company is aggressively cutting costs and, as
a highly compensated employee in a VLCOL area, I could be on the chopping block in a month or two. 50M and 45F. Kids’ 529 plans are fully funded. Our projected spend is around $110,000 / year. Assets are $3.2MM spread across brokerage, regular IRA, and Roth IRA. No debt other than mortgage ($850k market value with $300k left at 2.75%). There’s another $500k in real estate partnerships that, on paper, would bring in around $800k *if* they sold (I’m guessing it’s 50/50 at this point). Assets are split between VTI (75%), VXUS (15%), and BND (10%).
Our plan is to hang around the US till our middle school son graduates high school. Past that, I don’t have a plan, but it probably involves volunteering and cooking.
If I got let go, my severance would be around $75k (pretax) and come with 6 months of medical. Am I in a good spot or is there more I can do to prepare?