IMHO,
Look closely at your situation before you jump into taking a buyout.
Although you may think that it is a horrible place to work and want to jump ship, make sure you realize the ramifications because once you walk out the door as there is no mulligan.
Severance/buyout money will be taxed at 40%, your will get some of it back on next year’s taxes but don’t count on it now.
If you are over 50, don’t expect to get a replacement job at equal pay in your lifetime. Some do and are better off but don’t expect that in this economy.
Don’t think because you and your family are healthy now that you will be tomorrow (much less next year) so don’t rush to save on health care premiums to save a few bucks.
I paid high dollar for an HMO and my peers thought I was pissing away money.
When I had a lung removed, they changed their opinion. Out of pocket cost me $145 for all the scans, work, sugery, etc… Well over $150K if out of pocket.
Make a decision based on reality, not your emotions.
Best to have a job before getting a new one.
JMHO&PO,
B) xUT