Another Relo Question

[Anonymous]

DH has a potential job opportunity at a top, publicly traded company in his field. We moved from the DMV for his current job about 5 years ago, when our kids were tiny; now both are in elementary school. The company is doing very well, but does not really give good raises, is privately owned, and DH is not confident in the top leadership. Our COL is relatively low, our mortgage rate is in the 2s, and we are happy where we live. We are concerned about wealth building and saving for retirement... we will be more than fine, but if DH continues to hustle and move up the corporate ladder, we could potentially have a really nice retirement (in our opinion) and set our kids up for their own success (i.e. full pay for any college (not just the instate option) and help with a downpayment on a house).

Current situation: DH makes about 280k + bonus, which is about 60k; I make about 30k doing per diem nursing and all of the childcare. When the kids are older, I will go back to full-time work and make around 80k+. Mortgage is 3k per month with a great rate. We have about 700k of equity in our house, thanks to the drastic increase in housing prices in our area over the last 5 years.

Potential situation: DH would be making in the low 300s, similar bonus probably around 60k, but since this is a large publicly traded company, he would get close to 100k of stock each year on top of this (which would fully vest in 1/3rds so after 3 years he can fully access it). New area, I would say, probably has a slightly higher cost of living, plus the mortgage rates are much higher now. Using the Redfin calculator, if we use 500k equity from this house to purchase a comparable house there our mortgage would likely be around $5000 per month instead of $3000. My job would likely be similar there, though I do intend to go back to work full-time at some point.

So essentially, do we uproot our lives for the stock?

[Anonymous]

Yes

[Anonymous]

Yes

[Anonymous]

You obviously have no experienced with RSUs and Options from a well run growth oriented company. The answer is YES. Even if the short term trade off seems negligible you will thank us in ten years. You’re welcome.

[Anonymous]

Depends on the bosses at the new company. Where I work, outsiders often don't last 1-3 years.

[Anonymous]

Chasing a career is a waste of life.

[Anonymous]

Depends on how unhappy your DH is in his current job and how likely he is to find other prospects. For me this would be a no.

[Anonymous]

I’d look at whole picture. We moved to make a bit more (like say $100K more a year), reduced our expenses by about the same (so $200K benefit), and radically improved our quality of life (zero commute, outdoor living, no mosquitos, etc) at the expense of a smaller more expensive home. Zero regrets. Better life, better day to day, way more savings.

[Anonymous]

No

[Anonymous]

Anonymous wrote:DH has a potential job opportunity at a top, publicly traded company in his field. We moved from the DMV for his current job about 5 years ago, when our kids were tiny; now both are in elementary school. The company is doing very well, but does not really give good raises, is privately owned, and DH is not confident in the top leadership. Our COL is relatively low, our mortgage rate is in the 2s, and we are happy where we live. We are concerned about wealth building and saving for retirement... we will be more than fine, but if DH continues to hustle and move up the corporate ladder, we could potentially have a really nice retirement (in our opinion) and set our kids up for their own success (i.e. full pay for any college (not just the instate option) and help with a downpayment on a house).

Current situation: DH makes about 280k + bonus, which is about 60k; I make about 30k doing per diem nursing and all of the childcare. When the kids are older, I will go back to full-time work and make around 80k+. Mortgage is 3k per month with a great rate. We have about 700k of equity in our house, thanks to the drastic increase in housing prices in our area over the last 5 years.

Potential situation: DH would be making in the low 300s, similar bonus probably around 60k, but since this is a large publicly traded company, he would get close to 100k of stock each year on top of this (which would fully vest in 1/3rds so after 3 years he can fully access it). New area, I would say, probably has a slightly higher cost of living, plus the mortgage rates are much higher now. Using the Redfin calculator, if we use 500k equity from this house to purchase a comparable house there our mortgage would likely be around $5000 per month instead of $3000. My job would likely be similar there, though I do intend to go back to work full-time at some point.

So essentially, do we uproot our lives for the stock?

if its tech or AI related, don't do it. the bubble will burst soon. if its another industry, its more likely worth it

[Anonymous]

Anonymous wrote:

Anonymous wrote:DH has a potential job opportunity at a top, publicly traded company in his field. We moved from the DMV for his current job about 5 years ago, when our kids were tiny; now both are in elementary school. The company is doing very well, but does not really give good raises, is privately owned, and DH is not confident in the top leadership. Our COL is relatively low, our mortgage rate is in the 2s, and we are happy where we live. We are concerned about wealth building and saving for retirement... we will be more than fine, but if DH continues to hustle and move up the corporate ladder, we could potentially have a really nice retirement (in our opinion) and set our kids up for their own success (i.e. full pay for any college (not just the instate option) and help with a downpayment on a house).

Current situation: DH makes about 280k + bonus, which is about 60k; I make about 30k doing per diem nursing and all of the childcare. When the kids are older, I will go back to full-time work and make around 80k+. Mortgage is 3k per month with a great rate. We have about 700k of equity in our house, thanks to the drastic increase in housing prices in our area over the last 5 years.

Potential situation: DH would be making in the low 300s, similar bonus probably around 60k, but since this is a large publicly traded company, he would get close to 100k of stock each year on top of this (which would fully vest in 1/3rds so after 3 years he can fully access it). New area, I would say, probably has a slightly higher cost of living, plus the mortgage rates are much higher now. Using the Redfin calculator, if we use 500k equity from this house to purchase a comparable house there our mortgage would likely be around $5000 per month instead of $3000. My job would likely be similar there, though I do intend to go back to work full-time at some point.

So essentially, do we uproot our lives for the stock?

if its tech or AI related, don't do it. the bubble will burst soon. if its another industry, its more likely worth it

AI is here to stay. Probably longer than humans now.

[Anonymous]

OP here. It’s pharmacy and a very stable company. We are extremely happy in our current location and I am concerned about what a PP mentioned above, the loss of job after a year or two. He’s seen it happen at his current company with other highish level jobs when it just isn’t a great fit.

[Anonymous]

Anonymous wrote:OP here. It’s pharmacy and a very stable company. We are extremely happy in our current location and I am concerned about what a PP mentioned above, the loss of job after a year or two. He’s seen it happen at his current company with other highish level jobs when it just isn’t a great fit.

Happened to me. Got recruited for a C-suite job with amazing RSUs. Things were great in Year 1. Then, in Year 2 we got a new CEO who brought in his own people. I was pushed out and struggled to find a similar type of job. Had to move across the country for a paycut.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:DH has a potential job opportunity at a top, publicly traded company in his field. We moved from the DMV for his current job about 5 years ago, when our kids were tiny; now both are in elementary school. The company is doing very well, but does not really give good raises, is privately owned, and DH is not confident in the top leadership. Our COL is relatively low, our mortgage rate is in the 2s, and we are happy where we live. We are concerned about wealth building and saving for retirement... we will be more than fine, but if DH continues to hustle and move up the corporate ladder, we could potentially have a really nice retirement (in our opinion) and set our kids up for their own success (i.e. full pay for any college (not just the instate option) and help with a downpayment on a house).

Current situation: DH makes about 280k + bonus, which is about 60k; I make about 30k doing per diem nursing and all of the childcare. When the kids are older, I will go back to full-time work and make around 80k+. Mortgage is 3k per month with a great rate. We have about 700k of equity in our house, thanks to the drastic increase in housing prices in our area over the last 5 years.

Potential situation: DH would be making in the low 300s, similar bonus probably around 60k, but since this is a large publicly traded company, he would get close to 100k of stock each year on top of this (which would fully vest in 1/3rds so after 3 years he can fully access it). New area, I would say, probably has a slightly higher cost of living, plus the mortgage rates are much higher now. Using the Redfin calculator, if we use 500k equity from this house to purchase a comparable house there our mortgage would likely be around $5000 per month instead of $3000. My job would likely be similar there, though I do intend to go back to work full-time at some point.

So essentially, do we uproot our lives for the stock?

if its tech or AI related, don't do it. the bubble will burst soon. if its another industry, its more likely worth it

AI is here to stay. Probably longer than humans now.

Can you give me 3 specific ways that AI has increased your company's bottom line?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:DH has a potential job opportunity at a top, publicly traded company in his field. We moved from the DMV for his current job about 5 years ago, when our kids were tiny; now both are in elementary school. The company is doing very well, but does not really give good raises, is privately owned, and DH is not confident in the top leadership. Our COL is relatively low, our mortgage rate is in the 2s, and we are happy where we live. We are concerned about wealth building and saving for retirement... we will be more than fine, but if DH continues to hustle and move up the corporate ladder, we could potentially have a really nice retirement (in our opinion) and set our kids up for their own success (i.e. full pay for any college (not just the instate option) and help with a downpayment on a house).

Current situation: DH makes about 280k + bonus, which is about 60k; I make about 30k doing per diem nursing and all of the childcare. When the kids are older, I will go back to full-time work and make around 80k+. Mortgage is 3k per month with a great rate. We have about 700k of equity in our house, thanks to the drastic increase in housing prices in our area over the last 5 years.

Potential situation: DH would be making in the low 300s, similar bonus probably around 60k, but since this is a large publicly traded company, he would get close to 100k of stock each year on top of this (which would fully vest in 1/3rds so after 3 years he can fully access it). New area, I would say, probably has a slightly higher cost of living, plus the mortgage rates are much higher now. Using the Redfin calculator, if we use 500k equity from this house to purchase a comparable house there our mortgage would likely be around $5000 per month instead of $3000. My job would likely be similar there, though I do intend to go back to work full-time at some point.

So essentially, do we uproot our lives for the stock?

if its tech or AI related, don't do it. the bubble will burst soon. if its another industry, its more likely worth it

AI is here to stay. Probably longer than humans now.

Can you give me 3 specific ways that AI has increased your company's bottom line?

If you offered to pay people for answers, it would get you better results.
Or you could ask AI.