(Thread IKs:
skooma512)
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people seem to be targeting 4-5 million these days (as couples with or without kids), probably get away with half of that if you're single
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Jan 31, 2024 23:35
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shrike82 posted:the good thing with (big) tech is that you can put in your 10 years and retire good work if you can get it
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Jan 31, 2024 23:39
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Justin Tyme posted:botujism
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Jan 31, 2024 23:40
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shrike82 posted:people seem to be targeting 4-5 million these days (as couples with or without kids), probably get away with half of that if you're single The DINKs
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Jan 31, 2024 23:40
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RealityWarCriminal posted:good work if you can get it I always remember this  https://www.brookings.edu/articles/opportunity-industries/
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Jan 31, 2024 23:42
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SKULL.GIF posted:Not even the poor widdle mortgage companies can succeed under Brandonomics GOOD! gently caress Mortgage Servicing Companies. The last one I worked for, the owners bought a bank (they made sure to stress that everyone knew it was the owners buying a bank, not the company), then did a huge round of layoffs because they needed to cut costs. Re: Government jobs The only one that I heard back from, the time table was about this: 6 months from date of application to first contact 2 months from first contact to first phone interview 2 months from date of phone interview to in-person interview 2 months from interview to "no thanks" 12 months to be just to be rejected.
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Jan 31, 2024 23:47
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the milk machine posted:10 years touching computers at the actual big tech companies could net you an easy $3-5 mil or better once you count stock and such (though this is nowhere close to reality anywhere but google/amazon/etc), i guess the trick is how much of that you can save versus spending it living the big time you have to have gone to one of 10 universities to get any of those jobs in the first place while the $40/hr starting train driver job with a pension I just applied to requires a high school diploma and a driver's license
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Jan 31, 2024 23:49
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Canned Sunshine posted:Land; the landfill was to the north of it trichloroethylene is the chemical seeping outta the soil there
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Jan 31, 2024 23:51
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I mean sure if you gave me a tax free 5 million right now where I live I'd be p comfortable saying I could retire off it. Even just a simple bond ladder or w/e would get me enough annual income to never touch/grow the principle. But even 5 million if it's just fully taxable income over 10 years in a high CoL area it's gonna drastically cut that down, googling the average home sale price in san jose, silicone valley itself, is uh, like 1.5 mil jfc is that right? Nerd wallet indicates effective tax rates on that income would be about 150k/year, and you can't really shelter that in retirement stuff cause you're retiring early. I guess 2 mil leftover to live off would be maybe doable, 5% would be effectively 100k/yr passive income, but you'd also have to be paying full w/e price for bottom tier health insurances and such I dunno. I guess you wouldn't have to worry about saving any of that for retirement on top of things because you already have the big nest egg. That's assuming you were making 500k out the gates and I'm note sure about that. My brother got a job at google p quickly out of college and has climbed fairly far up the ladder from what I can gather and while I've never talked to him about salary he is still working over a decade in and ended up choosing to buy a significantly cheaper house in a small town near our parents while teleworking rather than staying in san jose cause the CoL is so high. PoundSand has issued a correction as of 23:58 on Jan 31, 2024 |
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Jan 31, 2024 23:54
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healthcare is the albatross that really keeps anyone from thinking about retiring early. you can manage to figure out housing/taxes somewhere. but you're one health problem away from monstrous bills and no income. usa usa
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Jan 31, 2024 23:59
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PoundSand posted:I mean sure if you gave me a tax free 5 million right now where I live I'd be p comfortable saying I could retire off it. Even just a simple bond ladder or w/e would get me enough annual income to never touch/grow the principle. But even 5 million if it's just fully taxable income over 10 years in a high CoL area it's gonna drastically cut that down, googling the average home sale price in san jose, silicone valley itself, is uh, like 1.5 mil jfc is that right? Nerd wallet indicates effective tax rates on that would be about 150k/year, and you can't really shelter that in retirement stuff cause you're retiring early. I guess 2 mil leftover to live off would be maybe doable, 5% would be effectively 100k/yr passive income, but you'd also have to be paying full w/e price for bottom tier health insurances and such I dunno. I guess you wouldn't have to worry about saving any of that for retirement on top of things because you already have the big nest egg. the actual way SV techies did it for the last twenty or so years was by getting paid in a couple millions of dollars worth of RSUs over the course of several years, holding onto them for a few more years, and seeing them magically triple in value (and that incremental increase is only taxable at capital gains rates) what if number goes down, you ask? they die, basically
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Feb 1, 2024 00:00
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those numbers are for retirement assets, you don't typically include your home in the figure since you can't monetise it in retirement
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Feb 1, 2024 00:00
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shrike82 posted:those numbers are for retirement assets, you don't typically include your home in the figure since you can't monetise it in retirement So if those numbers are for direct retirement assets then it's after you've bought a home and after you've paid taxes/living expenses during that time so we've gone from 5 mil earned in 10 years which is already quite high, I dunno if 500k/yr is a realistic salary your average person can shoot for (the 99th percentile is a mere 400k/yr according to google, so we're talking 25% more than the average of the top 1%), to 5 mil after buying a house and taxes and such which would mean making substantially more than the already pretty rare 1/2 mil income for 10 years.
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Feb 1, 2024 00:10
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we are in a recession
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Feb 1, 2024 00:11
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Fozzy The Bear posted:GOOD! gently caress Mortgage Servicing Companies. The last one I worked for, the owners bought a bank (they made sure to stress that everyone knew it was the owners buying a bank, not the company), then did a huge round of layoffs because they needed to cut costs. My current agency role: Applied in September First contact with HR in January of the next year First actual in-person interview in February Job offer in March Start date in April Eight months end to end, and having subsequently tried to hire people onto my team here since, I am now painfully aware that my hiring was fast-tracked. 
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Feb 1, 2024 00:17
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My hairline is in recession
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Feb 1, 2024 00:17
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Have we tried negative interest rates?
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Feb 1, 2024 00:22
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loving hell some of you
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Feb 1, 2024 00:25
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BrotherJayne posted:Have we tried negative interest rates? they do that in Japan and it's even more addictive than ZIRP, now they're probably stuck with it
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Feb 1, 2024 00:26
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https://twitter.com/realdonaldtrump/status/1168882690713690112
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Feb 1, 2024 00:27
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He's right
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Feb 1, 2024 00:28
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i did my ten+ years in manufacturing and all I got was no life and a destroyed body. where's my millions
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Feb 1, 2024 00:28
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Maed posted:you have to have gone to one of 10 universities to get any of those jobs in the first place while the $40/hr starting train driver job with a pension I just applied to requires a high school diploma and a driver's license Are they just letting you drive a train with a car license?
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Feb 1, 2024 00:29
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RealityWarCriminal posted:i did my ten+ years in manufacturing and all I got was no life and a destroyed body. where's my millions The problem was you did something useful and not become a parasite.
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Feb 1, 2024 00:30
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we cannot afford a ZIRP GAP!!!! PRESIDENT BRANDON, CUT RATES NOW!!!!
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Feb 1, 2024 01:10
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JAY ZERO SUM GAME posted:healthcare is the albatross that really keeps anyone from thinking about retiring early. you can manage to figure out housing/taxes somewhere. but you're one health problem away from monstrous bills and no income. the secret is: * build up a cash reserve while you're still working * apply for medicaid once your income has dropped under $19k (assets aren't counted toward medicaid eligibility & non-retirement savings don't count as income) sure, you'll get hosed by inflation, but not as hosed as being forced to buy crap insurance you can't afford to use.
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Feb 1, 2024 01:29
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zirp!
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Feb 1, 2024 01:32
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In the Q&A sequence after the statement Powell said rate cuts would be sped up if there was unexpected labor market weakness.
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Feb 1, 2024 01:40
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Willa Rogers posted:the secret is: There's a higher wealth / income version of this where you retire early and then very specifically manage your income to maximize the Obamacare / healthcare market subsidies. Either way, you have to have a big pile of wealth and the ability to precisely control how much of it you convert as income each year because you are significantly penalized for either undershooting or overshooting.
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Feb 1, 2024 01:41
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Willa Rogers posted:the secret is: Medicaid is state by state but a lot of states have very tight asset caps. Oregon’s is $2000 (with exclusions for car and home). Looks like California doesn’t, and even when it did it was very high
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Feb 1, 2024 01:45
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Mr Hootington posted:In the Q&A sequence after the statement Powell said rate cuts would be sped up if there was unexpected labor market weakness. It seems like the baseline is expected weakness. The priority is going to be inflation control not unemployment.
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Feb 1, 2024 01:48
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Mr Hootington posted:In the Q&A sequence after the statement Powell said rate cuts would be sped up if there was unexpected labor market weakness. Time for even more layoffs!  Powell's message seemed to be "no rate cuts today, no rate cuts in March, maybe rate cuts in the second half of the year as long as inflation is continuing to trend towards 2%." Unsurprisingly the market response to was to throw a big sad and the dow is down like 300 points.
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Feb 1, 2024 01:53
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Mr Hootington posted:In the Q&A sequence after the statement Powell said rate cuts would be sped up if there was unexpected labor market weakness. so what im hearing is, we need to layoff more people so we can get rate cuts? hell yeah boys, get to it
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Feb 1, 2024 01:54
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feelgood story of the day: computer touchers losing money  lmao
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Feb 1, 2024 01:59
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quote:Ozempic maker Novo Nordisk beats profit forecasts as weight-loss sales soar lol its like half of denmarks gdp
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Feb 1, 2024 02:05
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Xaris posted:feelgood story of the day: computer touchers losing money MUH TAXES lmao
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Feb 1, 2024 02:06
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PoundSand posted:So if those numbers are for direct retirement assets then it's after you've bought a home and after you've paid taxes/living expenses during that time so we've gone from 5 mil earned in 10 years which is already quite high, I dunno if 500k/yr is a realistic salary your average person can shoot for (the 99th percentile is a mere 400k/yr according to google, so we're talking 25% more than the average of the top 1%), to 5 mil after buying a house and taxes and such which would mean making substantially more than the already pretty rare 1/2 mil income for 10 years. yes. people doing tech work at big tech companies for several+ years make shitloads of money, especially if they started a decade or more in the past (huge amounts of that compensation were in stock)
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Feb 1, 2024 02:08
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Xaris posted:feelgood story of the day: computer touchers losing money "hey you want to be basically set up comfortably for life?" no, i dont want to pay taxes
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Feb 1, 2024 02:23
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it reminds me of the people who refuse raises worried about being in a higher tax bracket
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Feb 1, 2024 02:24
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| # ? May 23, 2024 12:33 |
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Xaris posted:feelgood story of the day: computer touchers losing money parasite didn't want to pay his fair share in taxes. good riddance
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Feb 1, 2024 02:26
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