So I'm at a crossroads now and would like input as to the variables I need to consider in making this decision. Currently I am 8 years into my career with a salary in the low 90s and opportunities to make overtime - where I broke 100k last year. On average my salary has increased 4% a year, but it's certainly not linear. Once I hit 32 years at this job, I can retire and collect 80% of an average of my best three years. Keep in mind this is a fairly stress free environment for me, no travel, room to move up, love my manager and coworkers. Now I'm approached with an opportunity of moving to a different job with a different company. 145k a year, similar benefits but on a 401k. 100% match up to 3% and 50% match up to a 7% contribution. Obviously this is a much higher stress job plus quite a bit of travel. I'm really wrestling this whole pension v. 401k deal. So many variables... how would one look at the economic value of these two options?
Submitted January 23, 2018 at 09:05AM by Camarocane http://ift.tt/2E0VP0D
