Non-Political Market/Economy/Finance/etc. Thread

[Pete]

most people in Pete's economic demographic over save for retirement. counterpoint like 50% of the population has zero savings for retirement.

I think our guy Pete should leave his job in 6 years or less.

I just did the math and I’d have to beat inflation by 12.5% each year to hit my desired number in 6 years.

[wetwillie]

most people in Pete's economic demographic over save for retirement. counterpoint like 50% of the population has zero savings for retirement.

I think our guy Pete should leave his job in 6 years or less.

I just did the math and I’d have to beat inflation by 12.5% each year to hit my desired number in 6 years.

Just drop the number a bit. Time is the one thing you can never get more of.

[Pete]

crap happens I guess, but if I save at my current rate and get above expectation returns I could beat the 12 mark I suppose. 

[Pete]

Is there a chance that the 2020's end up similar to the 90's?

[Pete]

In the 90's if you had just bought tons of call/put options on dot commy sounding companies....starting with like $100 of options and just keep upping it as you went, I wonder how well you would have done?

[star seed 7]

I know a lady roughly my same age who does pretty well salarywise but has zero retirement savings. just refuses to contribute to her 401k. she told me she plans to just work until she dies. would rather spend money now.

I kind of get this. It was drilled into me by my parents to at the minimum get the match from the company and that's all I ever did. I also drained my 401k at 30 when I went back to school to pay living expenses and it sort of makes me sad how much that money would be worth now but yolo. I always figured if I'd have to work until I die, at least I'm enjoying myself now.

[catastrophe]

most people in Pete's economic demographic over save for retirement. counterpoint like 50% of the population has zero savings for retirement.

I think our guy Pete should leave his job in 6 years or less.

I just did the math and I’d have to beat inflation by 12.5% each year to hit my desired number in 6 years.

Just drop the number a bit. Time is the one thing you can never get more of.

Or split the difference and move to part time work at some point. I’m not sure if/when I’ll fully retire but I’m planning to be done with full time work in about 5-8 years.

[Pete]

most people in Pete's economic demographic over save for retirement. counterpoint like 50% of the population has zero savings for retirement.

I think our guy Pete should leave his job in 6 years or less.

I just did the math and I’d have to beat inflation by 12.5% each year to hit my desired number in 6 years.

Just drop the number a bit. Time is the one thing you can never get more of.

Or split the difference and move to part time work at some point. I’m not sure if/when I’ll fully retire but I’m planning to be done with full time work in about 5-8 years.

Dude! A couple people where I work have done that lately and I just learned that they still get full benefits.  I am totally going to go after that at some point, assuming I do not get crap canned before then.

[bucket]

most people in Pete's economic demographic over save for retirement. counterpoint like 50% of the population has zero savings for retirement.

I think our guy Pete should leave his job in 6 years or less.

I just did the math and I’d have to beat inflation by 12.5% each year to hit my desired number in 6 years.

Just drop the number a bit. Time is the one thing you can never get more of.

Or split the difference and move to part time work at some point. I’m not sure if/when I’ll fully retire but I’m planning to be done with full time work in about 5-8 years.

Dude! A couple people where I work have done that lately and I just learned that they still get full benefits.  I am totally going to go after that at some point, assuming I do not get crap canned before then.

My mom did that to keep her health insurance.

[steve dave]

most people in Pete's economic demographic over save for retirement. counterpoint like 50% of the population has zero savings for retirement.

I think our guy Pete should leave his job in 6 years or less.

100% agree. Also I'm good at telling people these facts but not living them most likely. we'll see.

[steve dave]

Is there a chance that the 2020's end up similar to the 90's?

We just made new market highs. A great thing about that is that making a new market high is generally a good sign for the market.

[steve dave]

I know a lady roughly my same age who does pretty well salarywise but has zero retirement savings. just refuses to contribute to her 401k. she told me she plans to just work until she dies. would rather spend money now.

I kind of get this. It was drilled into me by my parents to at the minimum get the match from the company and that's all I ever did. I also drained my 401k at 30 when I went back to school to pay living expenses and it sort of makes me sad how much that money would be worth now but yolo. I always figured if I'd have to work until I die, at least I'm enjoying myself now.

Oh I for sure respect the crap out of it. It would stress me out but if you've committed to that path I imagine it would be pretty nice. By nature I am NOT laissez faire about anything.

[steve dave]

most people in Pete's economic demographic over save for retirement. counterpoint like 50% of the population has zero savings for retirement.

I think our guy Pete should leave his job in 6 years or less.

I just did the math and I’d have to beat inflation by 12.5% each year to hit my desired number in 6 years.

Just drop the number a bit. Time is the one thing you can never get more of.

Or split the difference and move to part time work at some point. I’m not sure if/when I’ll fully retire but I’m planning to be done with full time work in about 5-8 years.

Dude! A couple people where I work have done that lately and I just learned that they still get full benefits.  I am totally going to go after that at some point, assuming I do not get crap canned before then.

One of my employees told me he's probably calling it at the end of 2024 and I plan to pitch this to him. 2 days a week at half salary is what I'm going to throw out there. Honestly it's a disservice to him because I know he'll give it 100%. He hasn't taken a day of PTO in the entire time he's worked for me where he hasn't been online 60%+ of the day handling crap.

[star seed 7]

The head of one of our departments is part-time but also owns a franchise type bakery and I'm pretty sure the only reason they stay around is for the marketing opportunities

[catastrophe]

most people in Pete's economic demographic over save for retirement. counterpoint like 50% of the population has zero savings for retirement.

I think our guy Pete should leave his job in 6 years or less.

I just did the math and I’d have to beat inflation by 12.5% each year to hit my desired number in 6 years.

Just drop the number a bit. Time is the one thing you can never get more of.

Or split the difference and move to part time work at some point. I’m not sure if/when I’ll fully retire but I’m planning to be done with full time work in about 5-8 years.

Dude! A couple people where I work have done that lately and I just learned that they still get full benefits.  I am totally going to go after that at some point, assuming I do not get crap canned before then.

One of my employees told me he's probably calling it at the end of 2024 and I plan to pitch this to him. 2 days a week at half salary is what I'm going to throw out there. Honestly it's a disservice to him because I know he'll give it 100%. He hasn't taken a day of PTO in the entire time he's worked for me where he hasn't been online 60%+ of the day handling crap.

Part time at my current gig is a scam, for a similar reason. If someone is liked enough to get it, it’s cause everyone knows they’re going to end up working damn near as much as the FTEs.

[steve dave]

most people in Pete's economic demographic over save for retirement. counterpoint like 50% of the population has zero savings for retirement.

I think our guy Pete should leave his job in 6 years or less.

I just did the math and I’d have to beat inflation by 12.5% each year to hit my desired number in 6 years.

Just drop the number a bit. Time is the one thing you can never get more of.

Or split the difference and move to part time work at some point. I’m not sure if/when I’ll fully retire but I’m planning to be done with full time work in about 5-8 years.

Dude! A couple people where I work have done that lately and I just learned that they still get full benefits.  I am totally going to go after that at some point, assuming I do not get crap canned before then.

One of my employees told me he's probably calling it at the end of 2024 and I plan to pitch this to him. 2 days a week at half salary is what I'm going to throw out there. Honestly it's a disservice to him because I know he'll give it 100%. He hasn't taken a day of PTO in the entire time he's worked for me where he hasn't been online 60%+ of the day handling crap.

Part time at my current gig is a scam, for a similar reason. If someone is liked enough to get it, it’s cause everyone knows they’re going to end up working damn near as much as the FTEs.

Yeah, this except I won’t expect it and he’ll just do it anyway. I’M THE “good” GUY!


Sent from my iPhone using Tapatalk

[Stupid Fitz]

most people in Pete's economic demographic over save for retirement. counterpoint like 50% of the population has zero savings for retirement.

I think our guy Pete should leave his job in 6 years or less.

I just did the math and I’d have to beat inflation by 12.5% each year to hit my desired number in 6 years.

Just drop the number a bit. Time is the one thing you can never get more of.

Or split the difference and move to part time work at some point. I’m not sure if/when I’ll fully retire but I’m planning to be done with full time work in about 5-8 years.

Dude! A couple people where I work have done that lately and I just learned that they still get full benefits.  I am totally going to go after that at some point, assuming I do not get crap canned before then.

One of my employees told me he's probably calling it at the end of 2024 and I plan to pitch this to him. 2 days a week at half salary is what I'm going to throw out there. Honestly it's a disservice to him because I know he'll give it 100%. He hasn't taken a day of PTO in the entire time he's worked for me where he hasn't been online 60%+ of the day handling crap.

Part time at my current gig is a scam, for a similar reason. If someone is liked enough to get it, it’s cause everyone knows they’re going to end up working damn near as much as the FTEs.

Yeah, this except I won’t expect it and he’ll just do it anyway. I’M THE “good” GUY!


Sent from my iPhone using Tapatalk

Does he work from home? 2 days a week working from home plus half salary and benefits would be pretty enticing regardless. Just shut everything down those other days and if SD has a problem with that, peace out SD!!!!

[steve dave]

most people in Pete's economic demographic over save for retirement. counterpoint like 50% of the population has zero savings for retirement.

I think our guy Pete should leave his job in 6 years or less.

I just did the math and I’d have to beat inflation by 12.5% each year to hit my desired number in 6 years.

Just drop the number a bit. Time is the one thing you can never get more of.

Or split the difference and move to part time work at some point. I’m not sure if/when I’ll fully retire but I’m planning to be done with full time work in about 5-8 years.

Dude! A couple people where I work have done that lately and I just learned that they still get full benefits.  I am totally going to go after that at some point, assuming I do not get crap canned before then.

One of my employees told me he's probably calling it at the end of 2024 and I plan to pitch this to him. 2 days a week at half salary is what I'm going to throw out there. Honestly it's a disservice to him because I know he'll give it 100%. He hasn't taken a day of PTO in the entire time he's worked for me where he hasn't been online 60%+ of the day handling crap.

Part time at my current gig is a scam, for a similar reason. If someone is liked enough to get it, it’s cause everyone knows they’re going to end up working damn near as much as the FTEs.

Yeah, this except I won’t expect it and he’ll just do it anyway. I’M THE “good” GUY!


Sent from my iPhone using Tapatalk

Does he work from home? 2 days a week working from home plus half salary and benefits would be pretty enticing regardless. Just shut everything down those other days and if SD has a problem with that, peace out SD!!!!

He comes into the office 2 days a week currently. We don’t live in the same city (he’s in KC) so I don’t actually ever see him.


Sent from my iPhone using Tapatalk

[steve dave]

most people in Pete's economic demographic over save for retirement. counterpoint like 50% of the population has zero savings for retirement.

I think our guy Pete should leave his job in 6 years or less.

I just did the math and I’d have to beat inflation by 12.5% each year to hit my desired number in 6 years.

in general people like you spend less money than they expect to in retirement. I hope that's not you and you live bigtime in retirement but that's generally what happens. people get scared and die with a pile of cash. that's a sad thing. even people who say "I want to leave it for my kids" aren't doing them a service imo. better to spend it on experiences with the kids while you're actually alive.

[KITNfury]

I'm working again. Quit my old job in 2020 but had an opportunity to work part time with potential high upside. Plus I needed some money lol.

[catastrophe]

I'm working again. Quit my old job in 2020 but had an opportunity to work part time with potential high upside. Plus I needed some money lol.

I’m kind of liking the idea of in about 5 years starting to jump to different harebrained schemes that friends of mine will occasionally do, just for some excitement and disposable income.

Sadly, navigating our ridiculous health insurance system (with dependents) would be by far the biggest hurdle with all that.

[steve dave]

I'm working again. Quit my old job in 2020 but had an opportunity to work part time with potential high upside. Plus I needed some money lol.

I’m kind of liking the idea of in about 5 years starting to jump to different harebrained schemes that friends of mine will occasionally do, just for some excitement and disposable income.

Sadly, navigating our ridiculous health insurance system (with dependents) would be by far the biggest hurdle with all that.

mrs. dave and I both have very high stress but great gigs. hers has a shitload of opportunity to basically work 1/4 of the time in much less stressful roles with incredible benefits at some point. I've told her I'm retiring at 55 and she just needs to roll into one of those coast positions so we can get those bennys and we will be fine.

[DaBigTrain]

I'm working again. Quit my old job in 2020 but had an opportunity to work part time with potential high upside. Plus I needed some money lol.

I’m kind of liking the idea of in about 5 years starting to jump to different harebrained schemes that friends of mine will occasionally do, just for some excitement and disposable income.

Sadly, navigating our ridiculous health insurance system (with dependents) would be by far the biggest hurdle with all that.

mrs. dave and I both have very high stress but great gigs. hers has a shitload of opportunity to basically work 1/4 of the time in much less stressful roles with incredible benefits at some point. I've told her I'm retiring at 55 and she just needs to roll into one of those coast positions so we can get those bennys and we will be fine.

Damn so you've only got like, 2-3 years left until you can retire?

[wetwillie]

Plus the gE ad revenue distributions obviously

[Stupid Fitz]

I'm working again. Quit my old job in 2020 but had an opportunity to work part time with potential high upside. Plus I needed some money lol.

I’m kind of liking the idea of in about 5 years starting to jump to different harebrained schemes that friends of mine will occasionally do, just for some excitement and disposable income.

Sadly, navigating our ridiculous health insurance system (with dependents) would be by far the biggest hurdle with all that.

mrs. dave and I both have very high stress but great gigs. hers has a shitload of opportunity to basically work 1/4 of the time in much less stressful roles with incredible benefits at some point. I've told her I'm retiring at 55 and she just needs to roll into one of those coast positions so we can get those bennys and we will be fine.

This is what I would like to do, but don't really have the benefits figured out yet. We did a buyout recently and it wasn't as good as ones in the past but still decent. It still didn't get much traction because people don't want to lose their health insurance. Its such a rough ridin' scam to have to keep working your whole life just to keep insurance.