Home > Part time starts 11/28

Part time starts 11/28

October 28th, 2021 at 08:20 pm

I gave notice on 8/3 to end my current full time contract and switch to part time. My contract requires 120 days notice which took me to 12/1. The pay period starts 11/28 so the change will be effective then.

I'll be dropping from 36 hours/week to 24. I currently work two 12-hr days, one 8-hr, and one 4-hr. The new schedule will either be three 8-hr days or one 12, one 8, and one 4. We got our new schedule yesterday that runs through 12/25. It was nice to see my newly reduced hours in black and white.

Due to over-extending my PTO this year when my cousin died, I still owe them about 45 hours that I need to make up. I've been picking up 4 hours here and there and have already worked off 35 hours (I owed 80 originally). Even after I switch to PT, I'll still need to pick up some extra shifts until I make up that deficit, but it will be a lot easier at that point since I'll have more time free.

Once I've taken care of the PTO deficit, I'll probably still pick up extra shifts fairly regularly. Working a 4-hour shift is pretty easy and pays nicely. So maybe I'll aim to actually work 28 hours most weeks, still better than 36.

We're meeting with a CFP tomorrow for some hard core retirement planning. I think I have a good grasp on where things stand but I wanted to get a pro's input, particularly on a withdrawal plan once I do retire fully. We have so many accounts and I don't want to do anything that screws us up at tax time when doing something a little different could have saved us thousands of dollars. I'm really looking forward to seeing what he has to say. More to come on that once we've reviewed everything with him.

5 Responses to “Part time starts 11/28”

  1. Amber Says:

    Congratulations! I’m always happy when people make workplace decisions that benefits themselves. Awesome and enjoy the extra time.

  2. VS_ozgirl Says:

    That’s wonderful news! You will feel so much more relaxed.

  3. terri77 Says:

    Wonderful! Are you open to doing two twelves or is that not an option? I’m very excited for you. I’m sure your cousin is smiling down on you as well.

  4. disneysteve Says:

    "Are you open to doing two twelves or is that not an option?"

    Two 12s isn't an option because I work every other weekend and those are 8-hr shifts. So it either has to be 8-8-8 or 12-8-4.

    My initial PT schedule has a couple of 12s and 4s but mostly 8s which is fine. Hopefully going forward they'll be able to get me onto three 8s but there's no guarantee of that.

  5. Dido Says:

    Congrats on the retirement phase in!

    I'm glad to hear you are meeting with a CFP(r) to get a check on your planning. I'll be eager to hear your report.

    Consolidating accounts is always helpful but as much as possible make sure they are direct rollovers. The time people get into trouble is when they have a check in their hands that is made out in their name (indirect rollover). That is when things can go awry. There are strict tax laws on timing and on how many indirect rollovers can be done (one) within 365 days (not a calendar year, 365 days).

    Once your accounts are more consolidated they will be easier to manage.

    I'm eager to hear your report on what you learn from meeting with the CFP.

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
Will not be published.

* Please spell out the number 4.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]