I (32F) currently work as an RN doing 3x12hr shifts making an okay salary. Currently I average about $3200/month and am saving $1650/month (27%) average in my 403B and Roth 401k. Average spend a month all in is $2600/month for everything leaving about $600/month after expenses that goes towards savings and future expenses. I have a nice size down payment put away in a money market as well as a 5 month emergency fund. I found a job at a desk in a different department that is not patient facing but would be considered a pay cut of about $6k. Currently I have $120k saved for retirement, and hope to be able to retire early. I'm not happy bedside anymore and feel burnt out. I feel silly for saying this but will taking a pay cut drastically impact my saving for retirement? I was not saving much for retirement in my 20s due to low paying jobs, and being in school for my RN working a part-time job. I have always contributed enough to get the match but only in the last 2 years have I been able to max out my retirement accounts and also travel 2-3x a year. I enjoy the money I make and what it affords me, I don't want to take a pay cut and not be able to save effectively for retirement as well as enjoy the rest of my 30s. It sounds silly but I worry about not having enough saved for retirement since I feel like I started late.
Submitted April 01, 2024 at 09:41PM by Superb-Giraffe9289 https://ift.tt/2Sy1Z7o
