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extra job?
Old 03-06-2012, 08:48 AM   #1
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extra job?

I've been weighing accepting a pt job that would take me about 9 hours weekly. It would pay 12-15K after taxes, about 1% of the nestegg. I plan to retire in 2013 or 2014. So is it worth it? I feel it is, spouse not so much.

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Old 03-06-2012, 08:59 AM   #2
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These things usually have a cost. What would the impact be on your life?

"Neither my companion or I carry firearms on our persons. We depend on the goodwill of our fellow man and the forbearance of reptiles."

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Old 03-06-2012, 09:59 AM   #3
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Depending on your tax bracket that would equate to $30-$40 dollars an hour (9*52weeks = 468 hours a year)

$20k (b4 tax) divided by 468hrs = +$42/hr

That's a great parttime rate income in my book ---
USAF Veteran -- Retired Air National Guard -- OSW -- ONW -- OIF
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Old 03-06-2012, 10:40 AM   #4
Full time employment: Posting here.
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I toy with the idea of finding more work. I always find cutting expenses is easier.
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Old 03-06-2012, 11:41 AM   #5
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Not quite enough information here.

Per se, I have no problem with part-time work. On my terms.
my bumpersticker:
"I am not in a hurry.
I am retired.
And I don't care how big your truck is."
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Old 03-06-2012, 12:23 PM   #6
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If it's work you'd enjoy doing, why not? If it's more for the money, you'll have to decide if the "sh*# to pay ratio" is acceptable, as a former boss used to phrase it...
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57

Target AA: 60% equity funds / 35% bond funds / 5% cash
Target WR: Approx 2.5% Approx 20% SI (secure income, SS only)
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Old 03-06-2012, 02:53 PM   #7
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You'll see in my avatar that I follow that principle. I essentially work two full time jobs at MegaCorp and one as a Landlord (I do most of the fix-up work at 5 pm I go to the rental and work until about 10 pm 3-4 nights a week). Yes, it means little time for fun, but it's very short term...I committed to get 3 rentals off the ground this one year. I'm 2/3 of the way there. After the third one is rented, it's time to FIRE.

"Live every day as if it were your last, and one day you'll be right" - unknown
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