Author Topic: 1 year or 2 years?  (Read 1965 times)


  • Stubble
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  • Posts: 155
1 year or 2 years?
« on: May 02, 2014, 10:17:37 PM »
We aren't ER, but downshifting. I found an old thread of mine and realized that it's been almost a year and last year I just was thinking of ER, now we've settled on moving without jobs to a new location and seeing what happens.

So since last June
home equity $200k, now $250k (conservatively probably more like $350k)
Retirement $385k, $500k
Taxable $140k, $225k
College $10k, $14k

I know we're saving probably around $60k/year and we're still living on $65k.  So right now we are deciding do we cut bait and move summer 2015 or wait till summer 2016.

Reasons to move 2015 - DD1 starts kindergarden, tired of where we are, ready to start fresh

Reasons to stay 2016 - sabbatical summer 2015, pad our nest egg another year and potentially another $100k.

I don't have a retirement budget yet but I use $60k as our expenses and we'd need $1.5M conservatively I might say $2M.  We're about half way there and on track to probably ER by 45 or 10 years.

So should we stay 1 or 2 years?


  • Pencil Stache
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  • Posts: 665
Re: 1 year or 2 years?
« Reply #1 on: May 03, 2014, 12:40:44 AM »
I would wait for another year.  For me, personally, the risk of moving somewhere without a job would make me want to stay for another year.  I can understand wanting to leave the bad behind and start fresh, but moving is expensive, and it seems like you will have some time off in the next year.


  • 5 O'Clock Shadow
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  • Posts: 59
Re: 1 year or 2 years?
« Reply #2 on: May 03, 2014, 07:05:13 AM »
I think it really comes down to how hard would it be to find a new job and whether you would take a hit to your income or not.   I mean if you are a doctor I don't think this would be a big deal.  If you are a realtor, you could literally take a 75% pay cut your first couple of years.  Too hard to make a call without knowing more.   Also, I'm just curious here, what is your motivation for moving?