Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Paternity Leave as trial ER?
Old 03-28-2016, 09:51 PM   #1
Dryer sheet aficionado
Join Date: Sep 2014
Posts: 32
Paternity Leave as trial ER?

Thoughts on using paternity leave as a trial run for ER? I'm tempted to take three months (unfortunately unpaid) as a trial run at ER. I have some passive income from a family business that is more than enough to meet my expenses.

It could be seen as a career limiting moves. On the other hand, it's a perfect opportunity to try ER while having certainty that my job is waiting on me.

Sent from my iPhone using Early Retirement Forum

Legally_dead is offline   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 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 03-28-2016, 11:01 PM   #2
Thinks s/he gets paid by the post
Sunset's Avatar
Join Date: Jul 2014
Location: Chicago
Posts: 2,631
I raised our children for 5 yrs as a stay at home dad.
I considered it my early retirement, and it seemed a good trade off, even if I would have to work the rest of my life.
It's a great experience and joy <work> to bring up a baby and toddler and I'm glad I did it.
Turned out I was still able to retire early

Sunset is offline   Reply With Quote
Old 03-29-2016, 05:58 AM   #3
Thinks s/he gets paid by the post
gauss's Avatar
Join Date: Aug 2011
Posts: 1,450
I took one year of Dependent Care leave prior to ER. DM, who lives alone, just had fusion-lumbar spinal surgery.

While on DC leave, no pay, no health insurance or other benefits, however you had the right to come back to a similar job when your leave was up.

I wasn't really planning to come back, but having the option open and seeing the effect of a trial ER on our family was priceless.

Seeing the additional effect of SS benefits taken at age 70 (even if reduced by 1/3) on my retirement modeling convinced me that we had more than enough $. Prior to this I did not really take into account SS. In our case it was a big difference even though we were both paid fairly well over and were huge savers our careers.

I would advise anyone who has HR policies such as this available to consider if they would apply before a prospective ER. It really took the stress out of the decision (along with pension accrual freeze while I was out on leave).

gauss is offline   Reply With Quote
Old 05-02-2016, 11:03 PM   #4
Full time employment: Posting here.
Urchina's Avatar
Join Date: Feb 2008
Location: Central Coast, California
Posts: 879
Like Sunset, I took 5 years off when our kids were born to be a stay-at-home-mom. It was invaluable, but I don't think of it as a trial of ER because: parenting is tough-ass work.

It's a great trial of not working for pay, yes. But it was sufficiently demanding, to the point where we joked that I'd traded a 40 hour/week job for a 168 hour/week job.

I'd recommend taking the time to be a dad to your new baby. That's enough for this time around. These first three months of your child's life are unlike any other time you'll have, so they're perhaps not the best sample of what ER life would be like, anyway.

Congratulations! Enjoy being a dad!
"You'd be surprised at how much it costs to look this cheap." -- Dolly Parton
Urchina is offline   Reply With Quote
Old 05-03-2016, 07:20 AM   #5
Dryer sheet aficionado
Join Date: Sep 2014
Posts: 32
@Urchina--Thanks for the response. I agree. My DW is a SAHM and I am convinced she has the harder job between the two of us. One of the reasons I want to RE is to be more involved with the kids during the day, not just evenings and weekends.

My question was geared more towards using paternity leave as a financial test run. There are very few other opportunities to test the financial aspect of RE while having a guaranteed right to return to work.

I agree with the value of paternity leave, but, unfortunately, I fear maxing out paternity leave is a career limiting move for my position. If my test run proves I can RE, then it doesn't matter if it is career limiting.

Sent from my iPhone using Early Retirement Forum
Legally_dead is offline   Reply With Quote

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
How long can you leave home and leave it empty? fh2000 Life after FIRE 123 12-29-2013 06:51 PM
Leave of Absence (Trial Retirement) over, getting ready to go back DivinDave Hi, I am... 23 02-10-2013 08:39 AM
Free 30-day trial: Consumer Reports Orchidflower Other topics 1 03-25-2008 06:24 PM
Enron Trial Verdict REWahoo Other topics 52 05-31-2006 12:56 PM
Kenny Boy goes to trial in January. Nords Other topics 0 10-11-2005 02:34 PM


All times are GMT -6. The time now is 07:46 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.