Set my first career reduction goal on my way to RE: Dropping down to 3.5 days/week (okay, 7 days biweekly) as soon as we have our renovations paid off.

Should be doable before the end of 2024!

[–] FancyPantsFIRE@lemm.ee 2 points 11 months ago (1 children)

Sounds nice, fewer hours isn’t a realistic possibility for my industry so I’m just grinding it out.

Do you know what’ll happen compensation wise when you drop down?

[–] runawaycorvid@lemmy.world 2 points 11 months ago* (last edited 11 months ago)

Yep! Everything is proportional based on the FTE.

I technically have an underlying hourly rate, but am salaried in the sense that I am guaranteed a certain number of shifts equivalent to my FTE if that makes sense. Currently my FTE is 1.0 and I work 10 shifts biweekly. 0.7 would be seven shifts biweekly and so it would be 56 hours times my hourly rate. 401k match is 6% of whatever I get paid regardless of FTE. This kinda setup is common in healthcare.

Insurance cost would rise a few bucks a month. Nothing crazy.

[–] yenahmik@lemmy.world 2 points 11 months ago (1 children)

Nice! My company went to 3 day weeks for a few months of 2020 and it was the perfect amount of work IMO. Enough to keep a decent schedule, but plenty of time off. If I'd been closer to leanFIRE, I never would have wanted to go back to full time.

[–] runawaycorvid@lemmy.world 3 points 11 months ago

That would be perfect. Fortunately we’re in healthcare and our jobs are pretty accommodating to adjustments in our FTE. My wife already dropped down to 8 shifts biweekly. As the money tracker of the couple, I’m not quite ready to let of the accelerator to FIRE… (one more year 🤣)