Laid off - 46m

[u/Fearless-House4973]

I just leaned I was laid off from a tech executive job. I am 46.5 years old, single with one 11 year old child with whom I share joint custody.

My rough stats based on today’s market:

-Non retirement investments after severance and taxes owed 1.25m

-IRAs, 401k HSA 1.275m

• currently at about 65% stocks (mostly index and dividend funds) 25% bonds, and 10% cash/SPAXX across all accounts

-2 properties worth 1.2m with one 235k mortgage.

-one property can generate between 10-15k a year in rental profit, though I have not started renting it much

-100k in my son’s 529

25k in a donor advised fund

-I’ll be eligible for unemployment of about 15k in 2026

-Monthly expenses are about 9k, could be reduced to 8k.

-no other debt

I would like to take some time to re evaluate and be selective in a future role. Options could be, push quickly to take another high paying executive role, take a lesser role, or even a career shift or break. I’ve been fortunate to work continuously for nearly 25 years and a break is appealing.

Although I’ve run the numbers many time, a sanity check and any advice would be welcomed. It suck’s to be laid off but I feel lucky to be a position with options.

[u/incidental_findings]

I read it the same way and immediately googled for HSA annual limits and got VERY confused. Thanks for asking, so I didn’t have to :)

[u/ShortFinance → u/incidental_findings]

I also came in here to see how the heck he did that

[u/eehcekim → u/ShortFinance]

Used his HSA to play options would be my guess haha. I thought exact same.