What if?” is an interesting mental exercise. Sometimes good, sometime not so good. For the past several months, my What If has centered around my job. What if I don’t make it 10 years here, which is my plan. My senior leadership team is all of the same age group. From what I have heard, and they say this publicly, they will be retiring over the next 5-6 years. They have been saying this for over three years apparently. Some will be retiring even sooner. My spidey senses have been tingling lately regarding this possibility.
My role will not transition well to the next leadership generation. My role, if we are sold, would not integrate well. I say that realistically without drama. It’s simple fact. I might stay on for a few months or even a year, but it is doubtful there would be a place for me in a new regime. It would be the optimal time to bring on a younger model. If it would be a sale, the buyer would already have another me in place. My colleague would be leaving when senior leadership leaves. My boss and bestie would retire. I could be the last woman standing.
Add into the mix the simple fact that working for another decade is unappealing. If I could work another 5-6 years, get a nice severance package and be able to fill the money gaps with something part-time, count me in!
What I do know is that I have a good team of friends and advisors that I trust who will be able to guide me through all of this if and when it happens. That is all I can ask for at this point. I just need to stay on track with the plan I have and the known factors. That is what my Financial Planner said, “We work with the information we have today.”
I am not freaked out about any of this. It does make the planner in me ponder how to address this. Do I even address it? I always like a strong Plan B. Could I create a side hustle with a part-time retail job fill the gap? When my dad passes, would any potential inheritance fill the gap? Would it help me retire early? Who knows? What would happen to my plan of paying off my new place early? How would that be impacted? Unknown. Should I even buy a place? Too soon to say.
He’s right. But at the same time…..what if….