We are in a great financial position overall. I would consider us FI since rental property income and dividends equal our expenses. We put away about $90k annually while my wife is home with our kids. If I work another five years I will be in a position to FIRE for good. That is not including any additional rental properties nor accounting for the cash we have set aside to by more properties.
I can continue to push hard at work and get at least one more promotion before being done with work.
At the same time my oldest of four kids will leave the home at that point, so I would sacrifice our time in favor for retiring early. The second of the kids would leave the home two years later while i would get eight and ten years with the youngest after FIRE.
Should I instead try to go part time 80 or 90%? It is not common for men to do this, but I have heard of a couple of men who have done that. For women it is not uncommon to go part time when having kids. My concern is that I would shoot myself in the foot by eliminating any promotions due to not being committed, but I don’t know if that would be true. My boss values me and my work, so I’m not concerned about not holding on to my job if I go part time. I rather enjoy my job and its challenges, but it would be nice to not have to work and spend more time with the family.
Going part time would only delay my retirement by a year, or a year and a half due to the nest egg grows more from compound interest than contributions.
Sorry for my rambling, what do you think I should do.
I can continue to push hard at work and get at least one more promotion before being done with work.
At the same time my oldest of four kids will leave the home at that point, so I would sacrifice our time in favor for retiring early. The second of the kids would leave the home two years later while i would get eight and ten years with the youngest after FIRE.
Should I instead try to go part time 80 or 90%? It is not common for men to do this, but I have heard of a couple of men who have done that. For women it is not uncommon to go part time when having kids. My concern is that I would shoot myself in the foot by eliminating any promotions due to not being committed, but I don’t know if that would be true. My boss values me and my work, so I’m not concerned about not holding on to my job if I go part time. I rather enjoy my job and its challenges, but it would be nice to not have to work and spend more time with the family.
Going part time would only delay my retirement by a year, or a year and a half due to the nest egg grows more from compound interest than contributions.
Sorry for my rambling, what do you think I should do.