Switching careers at 35 versus sticking it out for the pension - what's the better gamble?
I've been at my state government job for 8 years now, vesting in a pension that would pay about $2,400 a month if I retire at 62. But I got an offer from a tech startup in Austin for $85k starting, which is $15k more than I make now. The startup has no retirement plan at all, just stock options that could be worth zero. I took the government job because stability seemed smarter, but now I wonder if I'm missing out on bigger earnings. My friend says pensions are golden handcuffs, but his startup laid him off after 18 months. Did anyone here leave a stable public sector job for private industry and actually come out ahead?