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Old 04-21-2010, 04:19 PM   #1
JaxRed
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Turning down high paying job. Am I crazy?

So, my old boss moves to California from Jacksonville. She's doing same job at another school. She has been authorized to hire another person to do the job I do here.

She wants to know if I'm interested. It would pay about $40,000 more than I'm making now.

But to take it, I'd have to move from Jax (which I love), find someone to rent my home, my wife would have to quit her $32,000 job.

I'm almost 59. I plan to retire in my Jax home, and buy a second home in Goodyear and live there part time.

All in all, it just doesn't seem worth it. Am I crazy?
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Old 04-21-2010, 04:22 PM   #2
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Re: Turning down high paying job. Am I crazy?

What part of CA? $40k more in some parts of CA might essentially be a paycut.
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Old 04-21-2010, 04:24 PM   #3
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Re: Turning down high paying job. Am I crazy?

Riverside, CA
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Old 04-21-2010, 04:26 PM   #4
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Re: Turning down high paying job. Am I crazy?

Jax, I don't know at what age you were planning to retire, but at 58 I'm assuming you've got to be very close.

All in all, given what you've stated about the situation, I don't think you're crazy at all for turning down the job. I'm 99 percent sure I'd do the same if I were in your shoes.
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Old 04-21-2010, 04:32 PM   #5
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Re: Turning down high paying job. Am I crazy?

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Originally Posted by JaxRed View Post
Riverside, CA
According to Salary.com, the cost of living in Riverside, CA is only 6.9% higher than in JAX, so you would probably be okay moneywise. Not sure if Riverside is a decent place to live, though. Can't be as nice as JAX/St. Augustine!
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Old 04-21-2010, 04:46 PM   #6
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Re: Turning down high paying job. Am I crazy?

Doesn't seem worth it unless you really want to live in California.
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Old 04-21-2010, 05:02 PM   #7
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Re: Turning down high paying job. Am I crazy?

From an almost-58 yr. old, I don't think you're crazy. Money isn't everything.

The only reason I'd make a geographical move like that is the make the proverbial "the heck with you" money, i.e. make enough money to tell everyone to take a flying fig at a rolling doughnut. But that's got to be some serious coin to do that. I looked at moving to Santa Clara 2-3 years back and I'd needed to at least double my salary to maintain my standard of living. And that's just to stay even.

I like your plan. Stay the course.
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Old 04-21-2010, 05:23 PM   #8
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Re: Turning down high paying job. Am I crazy?

Depending on how easy it would be for your wife to find a new job at a comparable salary, you might not even be gaining that much financially. I would personally jump at the chance to relocate to a select few locations (San Diego, for one) but I don't blame you at all for not making this move.
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Old 04-21-2010, 05:38 PM   #9
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Re: Turning down high paying job. Am I crazy?

I just realized I posted this in wrong forum. Sorry
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Old 04-21-2010, 06:31 PM   #10
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Re: Turning down high paying job. Am I crazy?

Some things to consider:
- Is this entire compensation package worth $40,000 more or just the salary? Compare benefits and contributions.
- Do you want to work for your old boss again?
- Would your wife need to find work? Would she want to?
- How close are you to family/ how close would you be after you move?
- What would you do with the extra money? Buy stuff? Travel? Give it to the kids/grandkids? What is your financial condition in terms of retirement and would this significantly improve it?
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Old 04-21-2010, 06:45 PM   #11
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Re: Turning down high paying job. Am I crazy?

So Jacksonville is that great, huh? That's good news as I'm moving there next month.
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Old 04-21-2010, 06:46 PM   #12
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Re: Turning down high paying job. Am I crazy?

SoCal... ain't worth it.
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Old 04-21-2010, 07:12 PM   #13
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Re: Turning down high paying job. Am I crazy?

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SoCal... ain't worth it.
Different strokes, I guess. My wife is from San Diego and we lived there for a year and you couldn't pay me enough to return to SoCal. The weather is spectacular, but there's little else I liked about it. It's not for everyone.
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Old 04-21-2010, 07:50 PM   #14
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Re: Turning down high paying job. Am I crazy?

Quote:
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Different strokes, I guess. My wife is from San Diego and we lived there for a year and you couldn't pay me enough to return to SoCal. The weather is spectacular, but there's little else I liked about it. It's not for everyone.
San Diego doesn't rate near as bad as the vortex known as the LA Basin.
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Old 04-21-2010, 08:18 PM   #15
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Re: Turning down high paying job. Am I crazy?

Not Crazy. Right Choice. No reason to uproot yourself at this stage in your life.
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