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For me, I too left a bank. It was a mid-sized (regional) and I was on the team that started it. I owned a very small interest, but when we sold in 2004 at 2.75 X BV it was enough to pay off my house and start another business. I've been self employed ever since, and aside from a R/O IRA from my 401K all my retirement is after-tax savings.
As for regerts, my wife and I had this discussion just a few nights ago. When we were looking for jobs near the end of 4 years of accounting (BS BA), we never once thought about going to work for a city, state or the federal government. We (arrogantly?) believed those were dead-end, soul crushing jobs. In our case, our path was very risky, but it paid off well. However, in California anyways, now we think we were the chumps. When we hear that our City Manager is making $450K plus benefits and pension or City Treasurer $375K ++, and that they will make nearly that much in retirement - and they are in their fifties - well, who's the chump now?
(Not sure if that's a regert or just envy...)
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David
1972 911T/S MFI Survivor
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