I’ve been with the same company 20+ years and while I don’t feel financially ready to retire, I am thinking of taking a sabbatical which could turn into some form of RE, as I know a sabbatical would put me at greater risk for a lay-off.
As you considered something similar, what are the things you considered to make sure you had all your ducks in a row and to help you feel ready?
Here are things I’ve thought about:
1) Maximizing Mega back door Roth IRA (been doing couple years, sure wish I knew the benefit earlier!)
2) input max for HSA early in year
3) check when pension percentage is updated (At my work the rates reset in January)
4) Consider part time work (Same office)
5) find out about Cobra
6) if I were laid off, how to handle 401k... should I start changing investments to those it would be easier to convert to an IRA?
Been working a long time and feel it would be good to do something different for a little while and gain a different perspective of life.
Thank you!