I've been worrying about this topic for some time, and would like to get some feedback / opinions.
Some background about us - me as main breadwinner (early 40's), SAHW, pre-teen kid. We live in an average COL area (relative to national COL). Annual income varies between $120k - $150k due to bonuses, etc. Net worth is 1 MM, excluding a $300k house with a mortgage of $200k @ 2.8%.
We are fairly frugal, and monthly expenses are between $2k - $3k, not including mortgage. We max out 401k, IRA, S529 plans, etc.
Here's the dilemma - I am paid above average for my experience, but I don't know how long it will last. I telecommute, and work demands fluctuates a lot, so often I am paid to sit at home and do whatever, including reading financial blogs and resources like this. It seems like a dream job but I don't like being paid to be a bum. Besides, every gravy train has to come to an end some day right?
So in the worst case scenario, I wonder if I am ready to FIRE. I've been advised by close friends / family just to milk this as long as I can, continue to build my wealth, as opposed trying to find a new job where work might be more steady.
Thoughts, advice, face-punches?