I'm not sure if its retiring or taking a sabbatical or spending a few years as a stay at home mom (something I never thought I'd do), but my husband has accepted a new job, and I have decided to leave mine.
His pay increase will cover 50% of my salary. This year his signing bonus will cover the rest
Our kids college educations are pretty well funded.
Our retirement accounts look really good
The house has a mortgage on it, but its small and the money is in the bank to cover it, otherwise no debt.
Additionally, there is a lot more money in the bank, and in the stock market - a few more years of my salary
When he leaves his current job, deferred compensation will kick in, which will give us a few more years of my salary
And
I switched jobs a year and a half ago, and it hasn't been a good fit for me.
My son is having some "teenage troubles" and requires more supervision now. Mostly he needs someone to chase him on homework - but he also just needs someone to make sure that the fourteen year old brain does not over ride common sense. My daughter has hit thirteen and her teenage transformation is starting to take hold.
My husband's new job will be much more demanding with a lot more at stake and have a longer commute. He won't be sharing the housework and the orthodontist appointments. My own job really should get MORE time than I'm able to give it now.
So I'm going to take at least a year off - and maybe never go back (although I suspect I'll get really bored and end up back when my son stops needing a full time mom).
I've always said I'd be a really bad stay at home mom - and I would have been of little kids. But I think I'll be ok at it with teenagers. I'm looking forward to having some time to do the things that get put off in this house because we haven't made a block of time to - oh, clean out junk in the basement. We want to do some work on the house - like finish the basement, and I'd want someone home if I'm having construction crews wander through. Wish me luck on brushing up on Algebra - its been a few years.
His pay increase will cover 50% of my salary. This year his signing bonus will cover the rest
Our kids college educations are pretty well funded.
Our retirement accounts look really good
The house has a mortgage on it, but its small and the money is in the bank to cover it, otherwise no debt.
Additionally, there is a lot more money in the bank, and in the stock market - a few more years of my salary
When he leaves his current job, deferred compensation will kick in, which will give us a few more years of my salary
And
I switched jobs a year and a half ago, and it hasn't been a good fit for me.
My son is having some "teenage troubles" and requires more supervision now. Mostly he needs someone to chase him on homework - but he also just needs someone to make sure that the fourteen year old brain does not over ride common sense. My daughter has hit thirteen and her teenage transformation is starting to take hold.
My husband's new job will be much more demanding with a lot more at stake and have a longer commute. He won't be sharing the housework and the orthodontist appointments. My own job really should get MORE time than I'm able to give it now.
So I'm going to take at least a year off - and maybe never go back (although I suspect I'll get really bored and end up back when my son stops needing a full time mom).
I've always said I'd be a really bad stay at home mom - and I would have been of little kids. But I think I'll be ok at it with teenagers. I'm looking forward to having some time to do the things that get put off in this house because we haven't made a block of time to - oh, clean out junk in the basement. We want to do some work on the house - like finish the basement, and I'd want someone home if I'm having construction crews wander through. Wish me luck on brushing up on Algebra - its been a few years.