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I have a job offer that pays about 50% more than I currently make. Also, the cost of living is much lower. The only problem is the offer is in a place I won't be happy living in permanently. Since the cost of living is cheaper, I was thinking that it would give me a few years to save up to buy a home, then I can find a job in a location that's better for me in the long run.
However, I worry about retirement when moving from job to job. I worked my previous job for two years and moved the retirement funds into my current retirement system when I left. I'll probably do the same thing when I leave my current post, or may just move it into an IRA.
Are there any repercussions for job bouncing like this? I'm not really losing any money (except maybe a small fee for transferring), but I am losing years in the system. Is there anything else I should be aware of?
Forgot to mention that all of my jobs have been state jobs. The retirement system is run by the state and isn't a 401K or anything like that.
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