Quote:
Question that comes to mind:
For those of you who intend to retire early, is there any career advancement or salary increase that would disincentivize you from doing so? I'm thinking about jobs where you may be at $350K salary at age 40 ramping up to over $800K by the time you're 50. At some point it seems like it would be hard to leave on the table from a money standpoint, especially given increasing life expectancies
So, I think every individual going through this will have a different answer. I happen to be going through this situation right now.
I have been at the same company for 29 years, and over the past ten have really blown it out of the water, meaning I've made the company a ton of money and have made a lot of people wealthy. I work for a public company where much of our compensation is incentive based, both cash and stock. And those two things are based on EPS targets, and I and the group I run (structured finance + a lot of other things) have added about $5 per share over the course of the last ten years.
So what do they do this year? They pull me up to the executive floor, make me a officer of the company, one below the CFO, and I'll make 25% more in total comp, and I've made in the $600s for the last 4 years (I work for a $5.5B market cap co).
Problem, and I know it's a high class one, is I am sick of opening the same doors, fighting the same fights, dealing with the same headaches that I have for 29 years. Another 25% in comp isn't going to change my life. Heck, doubling my comp from $300 to $600 didn't change me or my way of doing things, it just allowed me to accumulate investments which now allow me to consider retiring at 52. Hope this didn't come across as a bragging montage, your question just hit really near to me at this time. I really want more life, not more money.