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joec
ParticipantFrom all the comments, it’s probably a good time to take that time off now if you can afford to.
Another thing to consider is if you’re financially ok for a while, you might consider doing a Roth IRA conversion while you are in an extremely low income tax bracket assuming you can pay the taxes out of your savings (I am assuming you can). I did that when I took some time off and you probably won’t see this income tax rate again…
Again, your specific situation may not make this worthwhile depending on when you stopped working and how long you take off, but it maybe possible to do conversions with 0 tax if you convert a small enough amount (or at least fall in the 10% bracket).
ParticipantFrom all the comments, it’s probably a good time to take that time off now if you can afford to.
Another thing to consider is if you’re financially ok for a while, you might consider doing a Roth IRA conversion while you are in an extremely low income tax bracket assuming you can pay the taxes out of your savings (I am assuming you can). I did that when I took some time off and you probably won’t see this income tax rate again…
Again, your specific situation may not make this worthwhile depending on when you stopped working and how long you take off, but it maybe possible to do conversions with 0 tax if you convert a small enough amount (or at least fall in the 10% bracket).
ParticipantMy only recommendation is after you decide…when it comes to negotiate on price, a good option is to get Costco pricing, then start negotiating from there and play all the local dealers against each other.
Worked well for us recently.
Another option I’ve used in the past is avoid the salesman and go straight to the fleet manager and research what other people are paying, research their inventory, then offer the lowest price you’ve seen on the internet.
Some dealers also have discounts for attending their events so you can attend an event, get a coupon to purchase, and use it there afterwards.
ParticipantMy only recommendation is after you decide…when it comes to negotiate on price, a good option is to get Costco pricing, then start negotiating from there and play all the local dealers against each other.
Worked well for us recently.
Another option I’ve used in the past is avoid the salesman and go straight to the fleet manager and research what other people are paying, research their inventory, then offer the lowest price you’ve seen on the internet.
Some dealers also have discounts for attending their events so you can attend an event, get a coupon to purchase, and use it there afterwards.
ParticipantMy only recommendation is after you decide…when it comes to negotiate on price, a good option is to get Costco pricing, then start negotiating from there and play all the local dealers against each other.
Worked well for us recently.
Another option I’ve used in the past is avoid the salesman and go straight to the fleet manager and research what other people are paying, research their inventory, then offer the lowest price you’ve seen on the internet.
Some dealers also have discounts for attending their events so you can attend an event, get a coupon to purchase, and use it there afterwards.
ParticipantMy only recommendation is after you decide…when it comes to negotiate on price, a good option is to get Costco pricing, then start negotiating from there and play all the local dealers against each other.
Worked well for us recently.
Another option I’ve used in the past is avoid the salesman and go straight to the fleet manager and research what other people are paying, research their inventory, then offer the lowest price you’ve seen on the internet.
Some dealers also have discounts for attending their events so you can attend an event, get a coupon to purchase, and use it there afterwards.
ParticipantMy only recommendation is after you decide…when it comes to negotiate on price, a good option is to get Costco pricing, then start negotiating from there and play all the local dealers against each other.
Worked well for us recently.
Another option I’ve used in the past is avoid the salesman and go straight to the fleet manager and research what other people are paying, research their inventory, then offer the lowest price you’ve seen on the internet.
Some dealers also have discounts for attending their events so you can attend an event, get a coupon to purchase, and use it there afterwards.
ParticipantWill Sears Point now be Intel Raceway?
ParticipantWill Sears Point now be Intel Raceway?
ParticipantWill Sears Point now be Intel Raceway?
ParticipantWill Sears Point now be Intel Raceway?
ParticipantWill Sears Point now be Intel Raceway?
ParticipantWhat type of work do you do? As UCGal mentioned, a lot of it depends on your current work/financial situation. I took probably 6 months off due to work burn out (after 10 years straight non-stop) and as everyone else has said, it’s totally worth it. One thing that’s obvious is that this is much, much easier if you are single, have a ton of savings, no kids, low expenses, etc…
The problem is that in this lifetime, there are very few windows of opportunities for this type of stuff and you’ll probably never get another chance until much much later in life if you’re currently in the single, no kids, have some money after working a bit camp. (That’s assuming you don’t have kids now and plan to have them later).
I know I won’t be doing this again for the next 20 years unless I hit Lotto!
In tech, getting back to work maybe a bit tougher and all employers will question the gap, especially for folks who “decided to just take a year off”. Even though they may want to do it themselves, they maybe hesitant to hire someone who actually does it and can afford to do it (they don’t need the job that badly). Jobs and the economy is still bad so it’s riskier now.
I have a friend who’s been off for a year+ now after some dot.com riches and might not go back to the grind.
ParticipantWhat type of work do you do? As UCGal mentioned, a lot of it depends on your current work/financial situation. I took probably 6 months off due to work burn out (after 10 years straight non-stop) and as everyone else has said, it’s totally worth it. One thing that’s obvious is that this is much, much easier if you are single, have a ton of savings, no kids, low expenses, etc…
The problem is that in this lifetime, there are very few windows of opportunities for this type of stuff and you’ll probably never get another chance until much much later in life if you’re currently in the single, no kids, have some money after working a bit camp. (That’s assuming you don’t have kids now and plan to have them later).
I know I won’t be doing this again for the next 20 years unless I hit Lotto!
In tech, getting back to work maybe a bit tougher and all employers will question the gap, especially for folks who “decided to just take a year off”. Even though they may want to do it themselves, they maybe hesitant to hire someone who actually does it and can afford to do it (they don’t need the job that badly). Jobs and the economy is still bad so it’s riskier now.
I have a friend who’s been off for a year+ now after some dot.com riches and might not go back to the grind.
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