Reply to Fed CPA considering a job in the private sector...How much money is worth giving up the stability?

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Reply to "Fed CPA considering a job in the private sector...How much money is worth giving up the stability?"

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[quote=Anonymous][quote=Anonymous]OP here,

Wife isn’t a teacher, she has a 9-5 all year. We could definitely live on her salary alone with some sacrifices, and have a 6 month emergency fund. However, we are planning for the future and we made the decision that she would stay home with kids if we have any.

So at the point, it will just be me working. Ive seen some advice on 1 year emergency fund if there is only one person working.

Like I said earlier in my post, I doubt I’d could double my salary by going private. I did a little math and if I stayed stagnant for the next 30 years my pension would be 36,000 a year, which is the equivalent of 900,000 at a 4% draw rate.

If my comp is hovering around $125,000, would $150,000 be worth it for me to leave?

No kids(yet)
HHI a little over 200k but will be cut in half if we have children
No mortgage, but also no debt. Very cheap rent(15% of take home pay)
6 months emergency savings
[/quote]

Wife is a teacher with low earning ability and you’re thinking as a CPA you might stay in a low paying government job?

You’re really selling yourself short and must be extremely risk adverse.

[/quote]

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