‘Physically demanding or office work with pension?’: I have to choose between a high-paying job involving physical labor or a stable government job. How can I decide?

Hi Money Minder,

So, here’s the deal. I’m 38 years old and I’ve got this chance to make $120,000-$150,000 with a 100% 401K match up to 5% in a job that involves working 3-4 nights a week, driving a truck, and unloading freight by hand. On the other hand, I could stick with my current government job from 7 am to 3 pm, where I make $50,000 and could potentially go up to $70,000 in a few years. The health insurance and other benefits are pretty much the same in both jobs.

Oh, just thought I’d add that the government job is strictly office work with no physical labor involved, plus I get weekends and holidays off. The other job, though, requires night shifts, is physically demanding, and I’d be exposed to the elements and all that jazz.

What do you think, Money Minder? Any advice for me? I could really use your help with this decision.

Thanks a bunch!

Response from THE MONEY MINDER:

Hello There,

Congratulations on having such a significant decision to make! It’s clear that you have weighed the pros and cons of both opportunities, and it’s important to consider all factors before making your choice. In this situation, it seems like the key considerations are the financial aspects, the physical demands of the job, and the work-life balance.

The job with the higher pay and 100% 401K match up to 5% offers a substantial increase in earnings. However, it also involves physically demanding work, working nights, and being exposed to the elements. On the other hand, your current government job provides stability, weekends and holidays off, and the potential for a pension in a few years.

Given the information provided, it’s essential to consider your priorities at this stage in your life. If financial stability and securing a comfortable retirement are your main goals, the higher-paying job with the 401K match might be the better choice. However, if work-life balance, job stability, and avoiding physical strain are important to you, then sticking with your current government job might be the way to go.

Ultimately, the decision should align with your values and long-term goals. It might be helpful to make a list of what is most important to you in a job and compare the two opportunities against those criteria. Additionally, consider speaking with a financial advisor or career counselor to get a more personalized perspective on which option would best suit your individual circumstances.

Whichever path you choose, remember that it’s crucial to prioritize your well-being and long-term financial security. Best of luck with your decision-making process, and I hope you find the right fit for your career aspirations.

Take care and stay mindful of your financial future,
THE MONEY MINDER