I’m planning to quit my SDE job after my next stock payout in ~6 months. I don’t plan on going right into the next gig. Instead I’ll invest the time in life, side gig, and prep for next role. The time frame I’m looking at is 2-6 months. I’m married with a new mortgage (no kids) so I’m making sure I’ve got the finances for this move figured out. Can’t just jump in! I’ll be living off something around $3-4k per month which includes shared expense contributions and normal spending (and reducing current spending). This post is to see what y’all say about where to best get that money from. The three broad options I’ve thought of so far are: 1. Cash 2. Sell AMZN stock or S&P index 3. Debt We have the cash to take care of this, but it would come from our “rainy day 6-12 months of living” fund which is less than ideal and risky should a true need come up. This is pretty much a no go. I have the money in stock and index funds that I could sell off partially, but then I’m out of the market. I’d be losing more than just the face value of what I sell. I could take money from a margin loan or HELOC . Both rates look to be about 5%, I’ve heard of interactive brokers but not too keen to move everything I have. If I went the debt route then I could pay off quickly with a new job (likely) at which point it’s a matter of the gain in my held assets vs interest in loan (which should be small given the timeframe). I’m leaning towards debt, but could be missing something. How have others done this? Any advice and commentary welcome. Thanks! #personalfinance
I would take off for longer tbh.
How long you thinking?
If your married and your spouse works, you’re fine :) or else get pip and get unemployment. Federal Unemployment lasts for 6 month I think
Software Engineering Career
11h
2184
L4 Google -> 45 interviews, 5 offers, AMA
Tech Industry
2d
8645
Seriously? Apple is DYING...These possible IPad updates are so boring *Yawn*
Tech Industry
4h
678
Question about women in their 30’s?
Tech Industry
5h
609
The man I love hates me because I’m Vietnamese
World Conflicts
Yesterday
786
Peaceful Protest Hasn’t Worked and Has Been Met With Aggression.
HELOCs are a good vehicle for this but you should be able to get lower than 5%. That said you are talking about a fairly low dollar amount that you'll make up quickly. It might not be optimal, but don't stress just pulling ~8-25k out of stocks to cover.