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Personal Finance (Not Investing) • Recently turned 40, considering future downshift

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Hello,

I've recently turned 40. I'm a software engineer / tech lead. We have relatively high salaries. My job has long hours, and is often stressful.

Financially, our current mutual fund portfolio is $3.7M, with an additional $500K in home equity. Our yearly spending is about $80K not including mortgage principle and interest. We expect to complete paying off our mortgage in 3-5 years, so longer term spending per year is $80K-100K per year after mortgage is paid off.

My spouse and I have 1 young child. We are wondering if, in 3-5 years, I can find a more flexible job/career to allow more time with family, and to travel more as a family before our child becomes a teenager.

We are defining more flexible job/career as:
- 40 hours per week most weeks, so I can spend more time with family
- Greater ability to take time off. We love to travel as a family, and so would want to take 3 weeks of time off each year in one chunk. Also, we want to take a family trip of about 2 months long every 2-3 years. (Yes, I know 2 months away from a job is a lot, hence the problem)
- Still provides health insurance
- Ideally still leverages my existing skills, so not completely starting over in a brand new career

Does anyone have advice about which jobs/careers for software engineers to switch into that would allow for reasonable hours, flexible time off occasionally, and ideally would leverage my software engineering skills and team lead skills?

Statistics: Posted by smith234 — Sun Jul 14, 2024 9:28 pm — Replies 4 — Views 613



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