So, my wife got laid off at the first of the year...

Rivrrat
Rivrrat Posts: 2,101
edited April 2010 in The Clubhouse
As one or two of you may remember, my wife got laid off Jan 3rd...Happy New Year....Jerk.

Anyway, I took enough money out of the 401k to pay off all our credit cards, and we cut back a lot on our extra spending ( I take lunch instead of buying fast food every day, and not so much eating out). Along with that, we qualified to buy our house ten yrs ago on my income alone, and we don't have any car payments....We're doing pretty well. Not to mention, because my wife isn't putting up wit the BS anymore, she was able to drop her BP and hormone medicine, and that was 100 bucks a month.

We sat down and looked at our budget, and lo and behold, we're not struggling. So, I got the go ahead to pocket some cash every month.....And I can go back and buy some toys again!!!!!:D

I'm thinking I'm going to buy a firearm I a member here showed me, and then build another surround for our exercise room upstairs.

I'm a happy boy today.:D:D

It'll take a while, but at least I'm not banned from boy toys anymore.
My equipment sig felt inadequate and deleted itself.
Post edited by Rivrrat on
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Comments

  • wz2p7j
    wz2p7j Posts: 840
    edited April 2010
    Good for you !!

    But why is your wife a "jerk" for getting laid off? The company probably couldn't afford to retain her any longer?

    Chris
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  • Polkersince85
    Polkersince85 Posts: 2,883
    edited April 2010
    Sounds like a plan but you better save a little to pay that 10% penalty to the IRS for early withdrawal.
    >
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    >This message has been scanned by the NSA and found to be free of harmful intent.<
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  • Rivrrat
    Rivrrat Posts: 2,101
    edited April 2010
    No, my wife's boss was the jerk ( she was second in command until she trained her replacement that makes less). Actually, I lobbied hard for a few years for her to up and quit, but people get comfortable and dont want to change, and I understand, but my wife's health improvement speaks volumes.
    My equipment sig felt inadequate and deleted itself.
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  • Sherardp
    Sherardp Posts: 8,038
    edited April 2010
    Well it's good that all seems positive for sure. Keep everything moving forward and surely good things will come. Stay focused and continue to make it work bro.
    Shoot the jumper.....................BALLIN.............!!!!!

    Home Theater Pics in the Showcase :cool:

    http://www.polkaudio.com/forums/showcase/view.php?userid=73580
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  • Rivrrat
    Rivrrat Posts: 2,101
    edited April 2010
    Polkersince85 wrote: »
    Sounds like a plan but you better save a little to pay that 10% penalty to the IRS for early withdrawal.

    I took out a 401K loan ( I didn't want to but to, but you do what you think you need to do). We're waaaaay money ahead even with the loan payment. She was forced to part time for the last few months of last year, and we're at what she was making part time, plus she's getting unemployment right now. All of this is figured on no job or unemployment.

    I'm really glad we bought this house (2400 sq ft with a pool, why do we need bigger?), instead of qualifying on two incomes for a larger house. Also, we refied twice for interest rates, but I never pulled money out to buy toys.

    My wife has bitched for the entire time we've been married about me being very Scottish, but she's pretty happy now.
    My equipment sig felt inadequate and deleted itself.
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  • cstmar01
    cstmar01 Posts: 4,424
    edited April 2010
    congrats on everything! and that now you can get some toys!
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  • cfrizz
    cfrizz Posts: 13,415
    edited April 2010
    Rivrrat wrote: »
    ... but my wife's health improvement speaks volumes.

    Yeah funny how that works. When I went to see my MD last week my blood pressure was something like 117/66. It hasn't been that low in YEARS!:D
    Marantz AV-7705 PrePro, Classé 5 channel 200wpc Amp, Oppo 103 BluRay, Rotel RCD-1072 CDP, Sony XBR-49X800E TV, Polk S60 Main Speakers, Polk ES30 Center Channel, Polk S15 Surround Speakers SVS SB12-NSD x2
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  • cstmar01
    cstmar01 Posts: 4,424
    edited April 2010
    cfrizz wrote: »
    Yeah funny how that works. When I went to see my MD last week my blood pressure was something like 117/66. It hasn't been that low in YEARS!:D

    isn't it crazy how much stress work puts on people? I was going nuts when I first started my new job and was stress eating and sleeping and had so much tension in my body it wasn't even funny. I'm glad your wife and Cathy are doing better! Being on meds suck, and its always good for your body to take a break from them sometimes!
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  • tonyb
    tonyb Posts: 32,952
    edited April 2010
    The tax on early withdrawal of 401k's is way more than 10%. More like in the 40's. Better save some of that cash becouse 16,000 new IRS agents will make you their wet dream. Glad to hear your makin' it though.
    HT SYSTEM-
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  • I-SIG
    I-SIG Posts: 2,238
    edited April 2010
    When you need help with certain things, call me. ;)

    Wes
    Link: http://polkarmy.com/forums

    Panasonic TH-42PHD8UK 42" HDTV | Polk Audio SDA-SRS's (w/RDO's & Vampire Posts) + SVS PC+ 25-31 | AudioQuest Granite (mids) + BWA Silver (highs) | Cary Audio CAD-200 | Signal Cable Silver Resolution XLR's | Wyred 4 Sound STP/SE Pre | Signal Cable Silver Resolution XLR's | Cambridge Audio azur 840C--Wadia 170i + iPod jammed w/ lossless audio--Oppo 970 | Pure|AV PF31d
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  • hearingimpared
    hearingimpared Posts: 21,137
    edited April 2010
    Good to hear you're doing well Bro and your wife's health has improved, I'll bet she's a lot happier which I'm SURE makes your life a lot easier.

    Careful with your 401k. I made the mistake of using the several I had rolled over and lo and behold before I could replenish it, I became disable and have to live off of just Social Security Disability. We were doing okay with it until the economy took a dump and I got sick two years ago. Now we're strapped with this fixed income and nothing augment it.
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  • engtaz
    engtaz Posts: 7,663
    edited April 2010
    So happy to hear. Congrats.
    engtaz

    I love how music can brighten up a bad day.
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  • george daniel
    george daniel Posts: 12,096
    edited April 2010
    congrats--similar situation here--i work--she stays home,and is happy as a clam.
    JC approves....he told me so. (F-1 nut)
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  • AudioGenics
    AudioGenics Posts: 2,567
    edited April 2010
    bummer that your wife had her career interrupted but if it was affecting her health
    that is too serious of a problem to continue with.

    it is much better to have good health since we all know how much an illness can cost
    especially if prolonged.

    she is lucky that a few "audio" toys keep you happy as it could be a lot more expensive
    in other hobbies like racing, sailing, flying airplanes......
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  • wingnut4772
    wingnut4772 Posts: 7,519
    edited April 2010
    You're a very wise man. I'm glad it all worked out for you. I think thousands are learning this lesson to prepare the hard way.
    Sharp Elite 70
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  • kingtut
    kingtut Posts: 813
    edited April 2010
    Rivvrat, way to go on the budget management. Now get some more toys, Sig Sauer or Glock.

    Wingnut, just noticed on your sig that you have 4 Hsu subs, wow. Your neighbors must love you. :D
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  • Rivrrat
    Rivrrat Posts: 2,101
    edited April 2010
    An interesting development has occured out her unemloyment though....

    She has turned into a night owl, stays up considerably later than me, and likes to paint. While I'm asleep walls suddenly change colors, and IMHO not always for the better. :eek:
    My equipment sig felt inadequate and deleted itself.
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  • madmax
    madmax Posts: 12,434
    edited April 2010
    Put together a good safety fund, maybe 3 to 6 months of pay. This will make you worry free. I just did it and you wouldn't believe how good it makes you feel! Now I'm working on saving some dollars for a home cash fund.
    Congrats!
    madmax
    Vinyl, the final frontier...

    Avantgarde horns, 300b tubes, thats the kinda crap I want... :D
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  • BIZILL
    BIZILL Posts: 5,432
    edited April 2010
    without getting into an entire conversation, can you briefly describe what firearm you are aiming for?

    POLK SDA-SRS 1.2TL -- ADCOM GFA-5802
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    bobman1235 wrote:
    I have no facts to back that up, but I never let facts get in the way of my arguments.
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  • maximillian
    maximillian Posts: 2,144
    edited April 2010
    Congrats on being able to relax a little financially. Pay off high interest debt then start saving some of it. Doesn't mean you can't buy some toys, just don't go crazy.

    Don't discount how much a stress-free life is worth. My wife is a stay-at-home mom and we wouldn't want it differently. She can take care of the kids and enjoy life. She has toyed with the idea of picking up a part-time job to make a few dollars. However, I know she would be stressed out with the extra responsibilities. So I tell her not to rush into anything, and she agrees.

    You planning on doing shooting sports, hunting, or just home defense?
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  • Rivrrat
    Rivrrat Posts: 2,101
    edited April 2010
    BIZILL wrote: »
    without getting into an entire conversation, can you briefly describe what firearm you are aiming for?

    I may finally break down and do something on an AR platform.

    Also, one of the living room walls changed colors last night. It's the damndest thing I've seen. I go to bed and it's one color, I wake up ,and it's changed. :eek:
    My equipment sig felt inadequate and deleted itself.
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  • BIZILL
    BIZILL Posts: 5,432
    edited April 2010
    sweet, man. ammo is coming back into stock around town.

    what color did your walls change to? deep burgandy?

    POLK SDA-SRS 1.2TL -- ADCOM GFA-5802
    PANASONIC PT-AE4000U -- DIY WILSONART DW 135" 2.35:1 SCREEN
     ONKYO TX-SR805
    CENTER: CSI5
    MAINS: RTI8'S
    SURROUNDS: RTI8'S
    7.1 SURROUNDS: RTI6'S
    SUB: SVS PB12-PLUS/2 (12.3 series)
    XBOX 360    WiiPS3/blu-rayTOSHIBA HD-A35 hd dvd

    http://polkarmy.com/forums/index.php
    bobman1235 wrote:
    I have no facts to back that up, but I never let facts get in the way of my arguments.
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  • Rivrrat
    Rivrrat Posts: 2,101
    edited April 2010
    BIZILL wrote: »
    sweet, man. ammo is coming back into stock around town.

    what color did your walls change to? deep burgandy?

    I'm too old for the burgundy and velvet curtian room. :p

    They changed to a beige/light brown color. I think I kinda like it.
    My equipment sig felt inadequate and deleted itself.
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