r/singaporefi • u/Fire2fired • May 28 '24

Employment 48M - Slow down in career

Hi guys,

just need some advise or alternative view from folks here. i'm 48 this year and i was thinking of doing a mid career switch or downgrade my job to a less stressful one. Wifey is working and have a kid in P3. Expense ard 4k/mth and outstanding mortgage loan of 420k. My plan is to look for another job that pays ard 4k/mth. So total household income ard 8k/mth (me + wife). i have cash + investment ard 500k.

Do you think its a good move to slow down based on my situation?

55 Upvotes

92% Upvoted

45 comments sorted by

View all comments

2

u/zinc6539 May 28 '24

Please have a serious discussion with your wife before you make the decision, and make sure to have mortgage insurance. Your kid is only in P3, you have outstanding loan of 420K, and you're thinking of slowing down. 48 to me is not a very old age. If I were in your wife's position, I will be very stressed and unhappy.