Option A or Option B?
Hi folks, like the rest of us looking for advice and opinions. Please, for my sanity.🙏
41m, 3 kids preschool. Busy times. L to MCOL. Have both a real world career, and a "side" business that is seasonally busy with family. About 1M in market investments. Wife SHM.
Real World Career- 150K/yr , Business- 100K /yr
The dream: decent house, some travel. But we don't have any expensive tastes, no debt, pretty simple people. More into outdoors then toys.
Option A- Leave real world career now, receive immediate pension around 75K. Business fairly consistent income for next 6 years (solid contract.)
So, 175 as ball park. Half the stress. Room for growth in business. More time at home.
Option B- Stay for up to 5 more years. Each year adds about 5K pension. So 250 a year for up to next 5, then 100 a year pension after.
Right now all business income is just invested. Budget for year right now is about 100k, and mortgage is done this summer which frees up 25K a year... Figured I'd keep in budget for surprises or purchases.
I value time, kids, and reducing stress now more than anything. I should also mention I have lots of skills, project work and things here and there would easily be an option if needed, just have had to turn most down now due to time. Seems crazy to leave at peak of career, but, I don't enjoy much of it anymore and have worked hard to save.
TIA
🙏