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The Museum Job

May 22nd, 2015 at 01:04 pm

My former boss, who is now at the museum, visited our office yesterday. I had only a few private minutes with her, but she said she wanted me to be a consultant on contract, and I could choose my hours; part-time would be fine. Holy cow! We didn't have a chance to really talk about it; there were so many other people popping in and gathering around to see her.

As much as I crave the freedom of retirement, and I really do, I know this is an opportunity I can't pass up. Not only would it give me a financial boost, but just having this on my record would ensure that I could consult just about anywhere in the future, if I chose to. This is mind-boggling!

As if the universe was saying "Do it," I went outside and found a quarter and four pennies!

(Or the universe was saying, Don't worry, I'll supply change; you don't have to work! Hard to tell what the universe is saying sometimes. Smile)

So today I have to send her an email spelling out my terms. Basically, I would want to work about 20 hours, ideally on Tuesday through Thursday. The commute would be no improvement. I would have to either drive through the city (it's on the south side, and I live due north). Or, if I took the El, I would have to transfer to a bus, and it would be just as long as the commute I have now, and less comfortable. For these reasons, I would like to limit it to as few days a week as possible.

I also have to see how it would affect Social Security, but if I'm remembering right, as long as I wait to draw SS until my full retirement age (which will be in August) I can continue to work with no penalty.

I might have to get a new car (which I wouldn't have done if I retired). And I might have to buy some new clothes (more corporate atmosphere). But I'm counting chickens before they hatch!

I'll keep you posted!

18 Responses to “The Museum Job”

  1. michdado Says:
    1432300565

    Congrats, CB (if you decide you want to take the job). Have the option is a wonderful dilemma to have. 20 hours a week isn't TOO bad.

  2. MonkeyMama Says:
    1432300602

    Exciting!

    I kind of felt you should keep the door open but that it sounded like it was going to be too much. I am so glad you kept the door open and it is turning into such a nice opportunity!

  3. creditcardfree Says:
    1432300825

    Nice to have been asked at the very least. I hope it works out for you!!

  4. laura/deacon's wife Says:
    1432301410


    Ah, the endless opportunities presented by doors flinging open ...

    Sounds like a sign from the universe that you have some interesting choices to make!

    So happy for you! When is your last day?!

  5. CB in the City Says:
    1432302072

    My last day is June 30, Laura. Plenty of time to do lunch!

  6. Ima saver Says:
    1432302634

    It sounds wonderful! Congratulations!!

  7. Joan.of.the.Arch Says:
    1432306564

    Oooo, messages from the universe. Cool. I know it's superstitious, but sometimes I feel like that, too.

  8. SecretarySaving Says:
    1432308629

    Very exciting!

  9. VS_ozgirl Says:
    1432336347

    Congratulations! Only working two days a week isn't retirement but it's better than working the 5 days you are used to, and the money you earn not to mention having this job on your record will be very helpful.

  10. Kiki Says:
    1432337211

    As a consultant lots of things could be additional write offs for your taxes as well. You may want to check with your accountant to make sure you are tracking what you need to. Could be that mileage to the museum is a write off?

    Did she tell you about potential salary or other benefits? Will it be a clearly spelled out contract with bench mark goals or projects for you to assist with? Will it be pure contract where you have to pay both employee and employer taxes? And don't sell yourself to low on the salary requirements. With years of experience she sought you out!

    When I work on consulting projects for emergency management all my miles related to the project are tracked to report. Just something to consider as you begin your planning.

    And isn't there a minimum amount of work you can do while taking SS? Not to hit above a certain threshold to impact your SS payments?

  11. FrugalTexan75 Says:
    1432341229

    It's good to have options!

  12. LivingAlmostLarge Says:
    1432343196

    Maybe being busy keeps one young. Good luck

  13. snafu Says:
    1432362936

    While you seem to like the challenge of being a Consultant and you'd like to work with your former boss, I hope you'll do a detailed cost analysis of proposed income and expenses. Buying more clothes, transportation costs, particularly new car costs , financing, higher insurance, higher operating costs, buying breakfasts, lunches and dinners when you're tired, taxes, personal grooming costs have potential in total to cost more than you earn. If you meet the Self Employed criteria, you may be able to write of a portion of your condo's expenses based on a percentage of square footage for home office space [mortgage, condo fees, property taxes utilities and appropriate car mileage operating costs]

  14. LittleMissSplendid Says:
    1432398096

    Congratulations!

  15. Looking Forward Says:
    1432429940

    Great!
    "..Hard to tell what the universe is saying sometimes.." LOL!! Big Grin

  16. My English Castle Says:
    1432617964

    CB! Somehow I missed this! This is very exciting! I think it's the perfect transition into retirement and the chance to build up your nest egg a bit. Very excited for you.

  17. CB in the City Says:
    1432650767

    We have not talked numbers, or even hours yet -- this is all very tentative, and, as I've indicated in the past, she is very slow about getting back to me....

    Kiki, my understanding is that if you wait to draw SS benefits until you reach full retirement age, working does not impact the benefit. If you draw benefits before full retirement age, then your employment income must be below a certain level, or your SS income will be reduced.

  18. Dido Says:
    1433101266

    Wow, exciting and congrats. And yes, your understanding is correct: as long as you wait to apply for your social security benefits until your full retirement age, you won't be penalized for working. If you take SS before then, there is a penalty if you earn more than $15,720 (2015 inflation-adjusted amount). You lose $1 for every $2 earned for amounts from $15,720 to $41,880, and $1 out of every $3 earned for earnings over $41,880.

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