Quantcast
Channel: Bogleheads.org
Viewing all articles
Browse latest Browse all 4565

Personal Finance (Not Investing) • Feedback on relocating(CA to VA) for Federal Job (50+ Software Engineering Manager)

$
0
0
A few random thoughts, one I don't think you can have dual state residency. You have to be resident of one state or another. You also shouldn't be double taxed on income though you may have to file taxes in two states depending on where your income in sourced. So you will need to figure out how to maintain in-state tuition for your daughter if you move (perhaps your wife stays but I honestly have no idea).

I work for a quasi governmental organization that is FDIC adjacent for lack of a better term. Similar to FDIC we do not rely on congressionally appropriated funds and we aren't on the civil service pay scale either. I worked for the proper government and didn't like it. I do like working where I currently work it is much more a balance between government and commercial in mostly good ways. I work with a number of folks that came from high tech and they seem happy here.

Given your health concerns qualifying for FEHB and the ability to take it into retirement is a big win for you. To take FEHB in retirement you need to qualify for a pension to start with so you might want to crunch the numbers on how long you'd need to do that. There is also a five year rule (or being covered the full time you have worked if less than five years) but I suspect the pension qualification will be longer than that (I'll defer to true federal experts on that as I don't qualify for FEHB in my current position but I do get retiree health benefits just not FEHB).

Honestly I don't know what I do in your position it doesn't seem especially clear cut to me unless one you really need a job now and/or two you put a high value on the Federal benefits.

Statistics: Posted by THY4373 — Thu Apr 25, 2024 7:11 am — Replies 3 — Views 464



Viewing all articles
Browse latest Browse all 4565

Trending Articles