Originally Posted by alistair
[This is a bit of a tangent.]
I'm curious as to what fiscal reasons someone would have at 20 years to punch? I know there are dozens/hundreds to reasons to punch for other than fiscal reasons.
Am I missing something?
For me it's largely non-financial. We should
have enough between pension and savings that we could live fine without either of us working. Chances are we will continue working, depending on where we live, and a host of other factors.
The one financial reason is age - I'll be 42 and I'm interested in trying my hand at something else (for now). Easier to do at 42 (or 38) than other ages. Another is wife's job and remaining together... for me to do much past 20, chances are I'd have to move around a bit, so if DW comes with me that's an $85,000/yr paycut until she finds work.
From a purely financial standpoint, staying in until a 75% pension is on the table and increasing pay for ten more years makes more sense for most folks.
But again, for me, it's largely non-financial. Leading reason number one just arrived on Monday morning weighing 6lbs 6oz.