OK, so I may ramble a bit here, but your advice is appreciated.
Recently, I changed j*bs and got a significant raise in salary and bonus, as well as some pretty healthy stock awards that vest 1/3, 1/3, 1/3 over a 3 year period. Previously, our plan had been for both DW and I to FIRE as soon as DD graduates high school in August 2025. However, with the new gig, we figured in 3 years DW could go ahead and pull the plug, as I would be vesting a full stock award (Three 1/3s) each year at that point, which would more than cover her salary.
Fast forward to yesterday. Her j*b has really been a toxic environment for a while now. But, it pays decent, she works from home and that provides flexibility to handle household and DD duties while I was travelling 1 to 2 weeks per month. Recently, things have gotten so bad that her company has been tracking the amount of time that she (and all other salespeople) is actually on her computer or away. I told her, at this stage in her career if she can't be trusted to get things done on her own schedule (which she does) that she needs to get out of there. So, yesterday she put in her notice.
Now, the question. Does she find another j*b or do we just let her FIRE (can I call it that yet?) 3 years early? I make enough to cover our expenses and still max out my 401k. My annual bonuses will allow us to still travel like we like and in July I'll start getting my 1/3 of the first stock award that will also supplement savings. What we will miss is about $35k-$45k annual savings that we would have socked away over the next 3 years. So, you're talking $10k0-$150k that would grow (or not) until 2025. There's a chance this would cause us to come up short of our goal and push out my FIRE, but that could happen anyway depending on markets
She is dead set on finding a new gig, but only because she doesn't want to derail our plans, which I really appreciate. But, she doesn't really want to work and this would be a great gift to her. Anyway, this group always gives many different perspectives, so your thoughts are much appreciated.
Recently, I changed j*bs and got a significant raise in salary and bonus, as well as some pretty healthy stock awards that vest 1/3, 1/3, 1/3 over a 3 year period. Previously, our plan had been for both DW and I to FIRE as soon as DD graduates high school in August 2025. However, with the new gig, we figured in 3 years DW could go ahead and pull the plug, as I would be vesting a full stock award (Three 1/3s) each year at that point, which would more than cover her salary.
Fast forward to yesterday. Her j*b has really been a toxic environment for a while now. But, it pays decent, she works from home and that provides flexibility to handle household and DD duties while I was travelling 1 to 2 weeks per month. Recently, things have gotten so bad that her company has been tracking the amount of time that she (and all other salespeople) is actually on her computer or away. I told her, at this stage in her career if she can't be trusted to get things done on her own schedule (which she does) that she needs to get out of there. So, yesterday she put in her notice.
Now, the question. Does she find another j*b or do we just let her FIRE (can I call it that yet?) 3 years early? I make enough to cover our expenses and still max out my 401k. My annual bonuses will allow us to still travel like we like and in July I'll start getting my 1/3 of the first stock award that will also supplement savings. What we will miss is about $35k-$45k annual savings that we would have socked away over the next 3 years. So, you're talking $10k0-$150k that would grow (or not) until 2025. There's a chance this would cause us to come up short of our goal and push out my FIRE, but that could happen anyway depending on markets
She is dead set on finding a new gig, but only because she doesn't want to derail our plans, which I really appreciate. But, she doesn't really want to work and this would be a great gift to her. Anyway, this group always gives many different perspectives, so your thoughts are much appreciated.