| Msg ID: 2788749 |
For all the old "bro's" out there +2/-4
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| Author:Thank you
7/23/2023 8:11:10 PM |
Watching you toil away through your 60's and into your 70's gives the rest of us a very good lesson about saving for retirement. Proud of you, bro. Keep it up! |
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| Msg ID: 2788752 |
For all the old "bro's" out there +1/-6
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| Author:hey young bro
7/23/2023 8:31:41 PM Reply to: 2788749 |
for you job hoppers, you will never get fully vested in any kind of retirment program and you wil be begging the government for money like the student loan fiasco,
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| Msg ID: 2788753 |
For all the old "bro's" out there +2/-0
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| Author:Fake news
7/23/2023 8:34:00 PM Reply to: 2788752 |
Job Hopping is the best way to do it. Industry has changed. Hiring bonuses are on point. |
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| Msg ID: 2788756 |
Math lesson, old bro +4/-1
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| Author:Vesting isn't schit
7/23/2023 9:17:38 PM Reply to: 2788752 |
Typical vesting schedule is what, 33% a year? Fully vested in 3 years? And that only affects your company match, so for PHI it's 3-6%, AMC was 70% upto 8% of pay which was 5.6% overall, let's just call it 6%. So 6% company match, let's say 100k base, 6k a year. 33% vested a year means you'll lose 4k of you leave after a year, 4k if you leave after 2 years (2k a year x2 years), keep it all if you stay for 3. Who's jumping ship for less than a 4k bump in pay? Or do you not fully understand finances and how retirement accounts work and the options you have? Besides, getting your 401k money out of a company plan and into an individual IRA means you'll probably have better/cheaper investment options. |
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| Msg ID: 2788758 |
For all the old "bro's" out there +0/-0
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| Author:not sure if I would call
7/23/2023 9:31:04 PM Reply to: 2788752 |
drawing your SS begging for money and yes, 3-5 years to fully vest in almost all 401's |
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| Msg ID: 2788773 |
For all the old "bro's" out there (NT) +0/-1
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| Author:Nobody can live on SS alone
7/24/2023 6:28:29 AM Reply to: 2788758 |
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| Msg ID: 2788855 |
For all the old "bro's" out there +2/-0
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| Author:It
7/24/2023 9:23:24 PM Reply to: 2788773 |
is possible but meager. |
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| Msg ID: 2788856 |
For all the old "bro's" out there +1/-0
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| Author:Not
7/24/2023 9:26:01 PM Reply to: 2788749 |
hard when doing what you enjoy. Being on the front end of an occupied old world drone, aka helicopter, leads to a life very few will ever ever know. Not rich, but what a canvas! |
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| Msg ID: 2789110 |
For all the old "bro's" out there +0/-0
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| Author:Smoke Column
7/28/2023 5:01:40 PM Reply to: 2788856 |
I spent 53 years in the helicopter world, loved most of it. Retired on my 66th birthday and now just do what I want when I want. Mostly tinker with classic cars, and collect stuff that is absoluty useless. Traval to places I want to go not where they send me. No more summers spent in dusty or muddy HBs. It can be done, but you do need to heed the old squirrel and acorn fable if you know what I mean. |
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| Msg ID: 2789114 |
For all the old "bro's" out there +0/-0
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| Author:Retirement Age...
7/28/2023 5:49:23 PM Reply to: 2788749 |
Personally, my retirement age is 66 & 10 months due to the my birth date. I am healthy, happy, proficient, and enjoy my job. I'm not on any medications and in in good physical shape. Why would I retire any time prior to the normal retirement date? And if I did, what would I do to fill my time? Get a "retirement" job at the local hardware store? Why not just keep doing what I love? In my "old bro" though process, I think the thought process in the OP's post is irrational. Respectfully
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