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Reply to "When Mom's salary breaks even with daycare...."
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[quote=Anonymous]Relevant thoughts: - What non-salary benefits are included? insurance, FSA, retirement, LTC - How hard it is it to leave and reenter your field? - Are you entry level? If you leave and come back, would you come back at the same level, or would you have to rebuild seniority and/or level benefits? - How much salary increase do you get annually? If you left and returned, would you return at the same level? How much would you lose from compounded salary increases?- - How much in retirement savings would you be losing over the years you are unemployed? Does your company match your contributions? Those matches would be lost. - Don't forget to factor in the different in FICA benefits based on your contributions over any period of unemployment post-retirement. There's often a lot more to consider than just a 1:1 comparison of the current year's salary vs daycare since this is only for first few years. [/quote]
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