I'll try and be brief -
Really like my current job (Engineer), LOVE my current manager, like where I live, and other than not saving as much as I would like, life is great. I live in an extremely low cost of living part of the Midwest and make good pay for the area ($80k + ~7-10% bonus). Problem is there is no room to grow where I'm at besides my current manager's job and I'm pretty certain he has at least 6-8 years before he retires... and even then I'm by no means promised that role.
I received a message two weeks ago on Linked In from a talent person from this new company (not a generic headhunter). I spoke to their talent person twice, and what would be my manager once. Everyone seemed great, the position seemed like something I'm certain I could do well, and its large enough company where I'm not worried about it going out. The next step would be potentially flying out to the location of the new job, touring the facility, etc etc. Its essentially what I do now but I would working with two manufacturing plants vs. currently I oversee one. I would be working / looking to move to Seattle, WA .... so a much much more expensive cost of living.
Assuming things keep rolling forward, we've sort of sussed out that for me to be interested I would need $150k to make the move worth while, they seemed agreeable to that. I would be almost doubling my current pay, which to me is 2x my 401k contribution + 2x match right off the top. Washington also doesn't have state income tax (sales tax is higher though) so that would be like another free 6% raise.
After we sell our current house, buy an a home for $600k or less in Seattle (my current number I use to budget), after all pre and post tax deductions, assumed bills for heat/electric/cell phone/cable/etcetc, current car payments and 2x the cost for car insurance, giving us $500/wk for my wife and I to live on, I could stick ~$5k/mo away. Right now we save ~$1k a month on top of the 401ks. Roughly $60k extra a year in the bank would be quite nice.
At 29, this much of a bump makes a huge difference on when I could retire... If I get offered the job, I pretty much have to take this right?!
Submitted March 17, 2017 at 01:56PM by Sidekicknicholas http://ift.tt/2nNxPEH
