I talked my daughter out of it.
-
A $10,000 raise. Her master's is in education technology, so that is a bit of a hot commodity right now. A private company sought her out, interviewed and offered her a job.
I talked her out of it. Or rather, gave her my opinion.
Two reasons:
-
First and foremost, she's 7 years away from the ability to take an early retirement. You don't get much at twenty years, but you get that check every day until the day you die. And, your healthcare is guaranteed, until you transition to Medicare.
-
She is currently a Master Teacher, working with other teachers in classroom technique and in using educational technology, but it looks like she will be moving to an assistant principalship or a principal's job in the near future. So the money will go up by a few thousand bucks.
I have an inherit bias for stability. I just wonder if my advice was sound.
-
-
-
A difference of $10K per year is modest compared to a teacher's typical annual income, though if it's $10k per month, then that might be more tempting. Overall, I think the value of pension and post-retirement healthcare outweighs $10k per year. That assumes the political environment where she is at will sustain that pension/healthcare commitment, there are no lack of local governments trying to renegotiate pensions and cut healthcare contribution and whatnot. Still, state/local government should be less fickle than private companies.
