I've observed if I say nothing (because I simply don't know how to react), opinionated people think you agree with them, which I don't. I don't care....
This was my initial thought, but it's not clear from the post whether this is a work-related rant or not. It certainly could be a rant about issues that do affect work.
I agree with this, it seems like the best solution to me.
I think where this gets tricky is with kids and retirement.
How would you address that? If you’ve got more saved for retirement does that mean you would retire early while she is still working? How does the household budget work when she isn’t working because she just had a kid? I guess you’d just contribute the full budget?
Hi everyone, I recently landed a new job where the base 401(k) contribution for all FTEs is 12% of your salary. This is regardless of your contribution, with no additional match. I realize that this is unusual for most people and it is for me as well. In my last job, I got up to a 6% match so I maxed that out and didn't think on...
The best I ever had was a 6% full match, and the company contributed another 3% that I didn’t have to match. The result was company contributing 9% and me contributing 3%. So I agree with other comments saying you should probably be contributing about 15% total. That extra 3% doesn’t have to be in the same account though, you could open your own if you get better investment options with lower fees.
12% contribution that you don’t have to match is amazing and just make sure you’re fully vested before you take a new job. Sometimes there is a rule that those contributions are not truly yours until you’ve been at the company for a number of year.
The best I ever had was a 6% full match, and the company contributed another 3% that I didn’t have to match. The result was company contributing 9% and me contributing 3%. So I agree with other comments saying you should probably be contributing about 15% total. That extra 3% doesn’t have to be in the same account though, you could open your own if you get better investment options with lower fees.
12% contribution that you don’t have to match is amazing and just make sure you’re fully vested before you take a new job. Sometimes there is a rule that those contributions are not truly yours until you’ve been at the company for a number of year.
I’m almost 40 and according to the wisdom found everywhere on the internet, I don’t have enough saved for retirement. Which worries me because I’ve been saving for as long as I’ve had a proper job with access to a retirement vehicle. But also because the internet wisdom doesn’t make sense or sound feasible....
I think this depends on your lifestyle. These calculations contain an assumption that your lifestyle lines up with your income and that you will want to continue spending at the same rates when you retire.
Many people (especially in the US) will get a raise and buy bigger houses, cars, etc. If you’re disciplined about living beneath your means then a raise just means you can save more.
I bought a house at 23 and paid it off in 10years. (Maybe not the best financial decision given what happened in the stock market over that same period). When I retire I plan to have another paid off property and rental income from the first. I won’t have a mortgage, and should have rental income instead. Things like that change the picture in ways that these targets likely don’t account for.
I this a firm and polite way to tell an opinionated coworker to stop pushing his agenda I don't care about?
I've observed if I say nothing (because I simply don't know how to react), opinionated people think you agree with them, which I don't. I don't care....
Why Americans can't keep money in their pockets — even when they get a raise ( www.cnbc.com )
12% 401(k) Contribution - What to do? [USA] ( kbin.social )
Hi everyone, I recently landed a new job where the base 401(k) contribution for all FTEs is 12% of your salary. This is regardless of your contribution, with no additional match. I realize that this is unusual for most people and it is for me as well. In my last job, I got up to a 6% match so I maxed that out and didn't think on...
On Retirement Savings
I’m almost 40 and according to the wisdom found everywhere on the internet, I don’t have enough saved for retirement. Which worries me because I’ve been saving for as long as I’ve had a proper job with access to a retirement vehicle. But also because the internet wisdom doesn’t make sense or sound feasible....