{ "media_type": "text", "post_content": "I am deeply influenced by the FIRE (Financial Independence Retire Early) principles.. wondering.. have people seen young partners (say A level partners) retire after a couple years? How does it affect pension for such partners?\n\nContext: I'm trying to retire in the next 10-12 years.. which (if i stay in consulting) will probably be y2 or so as PPMD. Trying to gather some historical precedence info from the expert here!Deloitte", "post_id": "61a4f71d38151d002b0d16fd", "reply_count": 10, "vote_count": 5, "bowl_id": "5902937c77e26a00105a5bd9", "bowl_name": "Partner One" }
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yeah *if* you make partner -you’d lose everything you worked for by walking away

likesmart

You wouldn’t get the pension since would not have vested in 2 years

likehelpful

Agree with IQVIA in consulting you start to truly earn your worth once you get to partner Retiring once you get there kinda makes the whole struggle worthless

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Yes - I think it’s feasible! I think if you can make Partner, see how much you like it with a few years of a safety net (generally the firms give the new partners some grace as they ramp up). The money is still really good those first few years and will accelerate your FIRE path. I think you’d be glad you went for it and did it. Will you miss a ton of upside by leaving? Absolutely, but you know you - this sounds like a really great path for the right person. Not aware of any downside - capital issues I’m sure can be easily resolved/there is a process.

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I agree with the sentiment that it'll be hard to give it all up once you made it up there, and somebody with a mindset to retire may not be partner material. But that being said, hypothetically, how early after being a partner can you retire and still cash in those sweet pension checks? And what would that about be, say retiring 3,5,7,10 years after being made Partner?

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At PwC you need to vest 10 years in partnership for pension.

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If I can, once I have enough money I’d rather go to 2 days a week doing cool stuff than retire.

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