Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 03-23-2008, 10:37 PM   #21
Thinks s/he gets paid by the post
growing_older's Avatar
 
Join Date: Jun 2007
Posts: 2,608
What's so important about his career move that he wants you to move and give up a job earning 4x to 6x what his earns? Makes me wonder about other non-monetary issues. Maybe lengthy heart-to-heart conversations are in order. With 4.5 MM you are certainly some degree of FI. What are your (both of you) goals and what do you want to accomplish?
__________________

__________________
growing_older is online now   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 03-23-2008, 10:43 PM   #22
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
RunningBum's Avatar
 
Join Date: Jun 2007
Posts: 5,193
Quote:
Originally Posted by hoping View Post
Running bum, he does not want to go without me. He wants me to move with him, which is something we have talked about for a while. I am the one getting cold feet, because of what I would be giving up in income.
OK, but before when you mentioned it you only listed the options to either live separately, or give up this income. You didn't say that one of the options was for your DH to stay with you even though he wants to live elsewhere. Hence, my comment.
__________________

__________________
RunningBum is offline   Reply With Quote
Old 03-23-2008, 10:47 PM   #23
Recycles dryer sheets
 
Join Date: Oct 2007
Posts: 50
Growing older,

Good questions. I am partly to blame for this situation, as we have both talked about moving to the West Coast and starting new lives. He went ahead and got a great job. I am now facing the reality of the situation, which will mean either that he gives up a terrific job in the place we ultimately want to live (and where I hopefully will find a decent position) or I give up a job that pays great but is otherwise not where I want to be. The only thing keeping me here is the money.
__________________
hoping is offline   Reply With Quote
Old 03-23-2008, 10:49 PM   #24
Thinks s/he gets paid by the post
 
Join Date: Dec 2007
Posts: 4,764
Nah Id only go back to work for 200k a month..
__________________
Notmuchlonger is offline   Reply With Quote
Old 03-23-2008, 10:58 PM   #25
Thinks s/he gets paid by the post
Spanky's Avatar
 
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,046
Quote:
The only thing keeping me here is the money.
If that's the case, stay and see what will happen. You may later decide that the pain of living apart is not worth it. Many couples maintains a good relationship at long distance. For example, our new VP moves here from Santa Barbara for career advancement, but his family stays behind. Their relationship remains strong according to him.
__________________
May we live in peace and harmony and be free from all human sufferings.
Spanky is offline   Reply With Quote
Old 03-23-2008, 11:01 PM   #26
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Midpack's Avatar
 
Join Date: Jan 2008
Location: Chicagoland
Posts: 11,978
As long as it wasn't illegal/immoral, for $100K/month I'd stick it out until I couldn't stand it anymore or my nest egg reached $5M whichever came first. Contrary to the other thread, $5M qualifies as very wealthy/rich to me...
__________________
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)
Midpack is offline   Reply With Quote
Old 03-23-2008, 11:05 PM   #27
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
haha's Avatar
 
Join Date: Apr 2003
Location: Hooverville
Posts: 22,386
I'd stay until my employers came to their senses.

As regards living apart from your Sweetie--you might be able to get some pretty decent temps with that kind of income at your disposal.

Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
haha is offline   Reply With Quote
Old 03-23-2008, 11:10 PM   #28
Thinks s/he gets paid by the post
Spanky's Avatar
 
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,046
Quote:
Originally Posted by Midpack View Post
Contrary to the other thread, $5M qualifies as very wealthy/rich to me...
What is the other thread? $5 mil is rich.
__________________
May we live in peace and harmony and be free from all human sufferings.
Spanky is offline   Reply With Quote
Old 03-24-2008, 12:08 AM   #29
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Midpack's Avatar
 
Join Date: Jan 2008
Location: Chicagoland
Posts: 11,978
Quote:
Originally Posted by Spanky View Post
What is the other thread? $5 mil is rich.
Evidently it takes $25M to qualify as rich today...

http://www.early-retirement.org/foru...ite-33918.html
__________________
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)
Midpack is offline   Reply With Quote
Old 03-24-2008, 12:22 AM   #30
Recycles dryer sheets
oma's Avatar
 
Join Date: Mar 2007
Location: Tampa/St Petersburg, FLA
Posts: 314
Quote:
Originally Posted by hoping View Post
If you are in a very high-earning job, and will never again earn anywhere close to this much money, how long do you stay? Assume that you no longer enjoy your job but do not detest it, and that you already are FI. All thoughts welcome! Thanks.
Very interesting post. I face this exact thing right now. Although my base pay is about $70,000 right now, additional benefits put me over $100,000. This is my peak salary to date. But I detest my job and many of the folks I work with. I probably just need to find my niche - a job that I enjoy. Right now, I'm not there.
__________________
oma is offline   Reply With Quote
Old 03-24-2008, 12:29 AM   #31
Recycles dryer sheets
 
Join Date: Dec 2005
Posts: 56
hoping, Maybe you should look for a new job at the new location for a given time period and then move there anyway even if you haven't found a job you want. Maybe 9 months is a good time period. Ultimately, it sounds like its more important to move to where you want to settle. Let a new employer pay for the move and for selling your old house. Of course, maybe your DH's employer has already done that. I've made the kind of move you're talking about and it worked out, but I found it a lot harder to live apart than I expected.
__________________
Retire by 2010 or bust.
Slarty is offline   Reply With Quote
Old 03-24-2008, 12:44 AM   #32
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Midpack's Avatar
 
Join Date: Jan 2008
Location: Chicagoland
Posts: 11,978
Quote:
Originally Posted by oma View Post
Very interesting post. I face this exact thing right now. Although my base pay is about $70,000 right now, additional benefits put me over $100,000. This is my peak salary to date. But I detest my job and many of the folks I work with. I probably just need to find my niche - a job that I enjoy. Right now, I'm not there.
You realize the OP said $100K per month. I could overlook a lot of folks I detest at that income...
__________________
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)
Midpack is offline   Reply With Quote
Old 03-24-2008, 01:06 AM   #33
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: May 2005
Posts: 13,287
Quote:
Originally Posted by hoping View Post
Texas proud,

What do you consider a high enough net worth so that this is "pocket change"?
I think it would be where you would not think to much about it... like $50 to $100 mill.... if you had THAT much then 1 more is ho hum...

But at say $10 mill, it is still a significant part of your net worth...
__________________
Texas Proud is offline   Reply With Quote
Old 03-24-2008, 01:09 AM   #34
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: May 2005
Posts: 13,287
Quote:
Originally Posted by honobob View Post
Texas Proud

What do you consider "'old' where it is really taking away some of my final years"?
Wow... got two questions on my one post... this must be a record!!!

If I was 70 for sure... I would not want to work no matter how much they offered... enjoy my life...

Probably if I was FI, it would be around 60... I would really want to be doing other stuff then... but MIGHT work one more year for a million plus...

Grey in the middle...
__________________
Texas Proud is offline   Reply With Quote
Old 03-24-2008, 01:17 AM   #35
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: May 2005
Posts: 13,287
It is interesting what some people want or need to have enough....

I was talking to one of my friends the other day... his DW is making the big dough... (he used to be, but is now more a Mr. Mom)...

Her company is going to force them to move... and he can sell his house for about $700K which is a $500K gain... and just her stock options are worth over $2 mill... don't know how much money they have, but would think it would be more than the stock options....

Still, they both are 'driven' and want more... I just don't know what for...
__________________
Texas Proud is offline   Reply With Quote
Old 03-24-2008, 05:32 AM   #36
Recycles dryer sheets
oma's Avatar
 
Join Date: Mar 2007
Location: Tampa/St Petersburg, FLA
Posts: 314
Quote:
Originally Posted by Midpack View Post
You realize the OP said $100K per month. I could overlook a lot of folks I detest at that income...
Holy Shmoly! I didn't pick up on that. Need to start paying attention.

Nevermind.
__________________
oma is offline   Reply With Quote
Old 03-24-2008, 07:20 AM   #37
Thinks s/he gets paid by the post
Spanky's Avatar
 
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,046
Quote:
Originally Posted by Midpack View Post
Evidently it takes $25M to qualify as rich today...

http://www.early-retirement.org/foru...ite-33918.html
Thanks. Soon the bar will be raised to $50M.
__________________
May we live in peace and harmony and be free from all human sufferings.
Spanky is offline   Reply With Quote
Old 03-24-2008, 07:26 AM   #38
Thinks s/he gets paid by the post
Spanky's Avatar
 
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,046
Quote:
Originally Posted by Texas Proud View Post
It is interesting what some people want or need to have enough....
This is a classical issue: we never have enough since we think all the happiness or security comes from money but fail to realize that we’re too stressed out (from working so hard) to enjoy the material benefits.
__________________
May we live in peace and harmony and be free from all human sufferings.
Spanky is offline   Reply With Quote
Old 03-24-2008, 08:18 AM   #39
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Dawg52's Avatar
 
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 7,440
Quote:
Originally Posted by hoping View Post
Job is highly stressful, not very fulfilling; working conditions are fine; colleagues are fine. My health is fine; DH wants to keep working, at least for now; he is a doctor and will earn 200-300k per year. I could get a new job for 80-100K a year that may be a better fit for me. We have approx $4.5 million saved so far.
I would take it to the house. In fact I did, with a lot less.
__________________
Retired 3/31/2007@52
Full time wuss.......
Dawg52 is offline   Reply With Quote
Old 03-24-2008, 08:19 AM   #40
Recycles dryer sheets
 
Join Date: Feb 2008
Location: Adelaide, Australia
Posts: 82
Quote:
Originally Posted by hoping View Post
Job is highly stressful, not very fulfilling; working conditions are fine; colleagues are fine. My health is fine; DH wants to keep working, at least for now; he is a doctor and will earn 200-300k per year. I could get a new job for 80-100K a year that may be a better fit for me. We have approx $4.5 million saved so far.


Hmmmm, notwithstanding the great comment and empathy given so far, to me this is a no-brainer!

You are already FI and then some, $4.5 mill means that you (as a couple) are set for the rest of your lives.

Since you say that the $100k/month gig is both stressful and unfulfilling, and you don't 'have' to earn the income, then don't do it! Go for the lesser $'s on something that would 'be a better fit' for you.

Between the two of you you would still be earning in the vicinity of $300k-$400k per annum for as long as you want to work. Stay together in the new environment, be unstressed and happy

What's the problem again?

Just my take.
__________________

__________________
mbooth is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
$100k Milestone! BigMoneyJim Young Dreamers 128 04-28-2008 03:39 PM
What's life like with 100K/year or more? Sam FIRE and Money 173 10-16-2006 12:16 PM
Where to put 100K cube_rat FIRE and Money 72 10-11-2006 12:41 PM
fire on 100k lazygood4nothinbum Hi, I am... 5 02-28-2006 12:57 PM
100k investment in funds for 2006? bearkeley FIRE and Money 17 01-12-2006 01:42 PM

 

 
All times are GMT -6. The time now is 10:30 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.