Hello All,
I work for a software company based out of Canada. The company develops software specifically for the hospitality industry. I work in their small satellite office in the US. Yesterday my boss (the VP) asked me if I would be interested in moving to their corporate office and form part of the team developing their European presence. The company has had some major growth the past two years and signed on a big client which has become their bread and butter.
On the surface I love this opportunity and would be able to grow professionally way more in their corporate office than I would in the small satellite office. My concerns are rooted in my financial positioning here in the USA.
Both my wife and I work full time with no kids. I am 23 and she is 24. She has a good job and is working on her masters. Her job is currently paying for about 75%. By the time this move would happen she would be almost finished.
Here is my financial breakdown
I earn 53,000 annually, my wife earns 41,000 (plus really good union benefits such as a pension, great tuition reimbursement, Fridays off in the summer, etc...)
We bought a condo 8 months ago for $179,000. We still owe 128,000. It’s a 15 year fixed with 3.5% interest rate. Mortgage payment is 1325.47 a month with 421.00 in HOAs. We have the option to rent it which would be ideal. It’s a 2bd 2bath that we could rent for 1700-1800 a month.
We have 14,000 in savings, 15,000 in retirement, 33,000 in investments.
What should I be expecting from my company in terms of compensation for uprooting my life? Financially could I be hurting myself in the short term but positioning myself for better opportunities down the road? If they want me in Canada for only “X” amount of years then should I expect they cover my rent for at least the first year while my wife finds a new job and we get steady footing? Should I be renting in Canada or buying?
I plan on waiting for them to make the first proposal of compensation and go from there.
Edit: Wife’s masters program can be completed entirely online.
Submitted September 21, 2017 at 09:12AM by Tightaperture http://ift.tt/2wJ8vE1
