Having 129 Base salary , wife doesn’t have job anymore , saving 40k , 401k saving 25k , is it advisable to put all my cash saving 40k and buy a house worth 450k. I live a simple life , car loan .....
For my ~30 year old peers, what are your savings — cash and assets? I’ll go: $250k in cash, currently only own a car and have $70k remaining in student loans. Curious to see the spectrum for our profession.
Which brokerage account is better to invest in S&P funds? I have my 401k in Vanguard but not a fan of the user interface. So, considering whether to open one more or tolerate Vanguard. Suggestions?
Real Talk: New Year, New Goal. Share your age, NW and goal for this year. To start off - 38, 650k, 800k
Is it a stretch to buy a $900k house with about $180k income? The conventional metrics would say yes, but our budget works. We figured about $4000/m for PITI, $3000 for non-housing expenses, and $2000 for savings/investing. No debt and $50k in savings. We have about $200k for the down payment. Am I missing anything here or is this actually doable?
How much money is “enough” for you guys? I’ll go first - $2M/year from passive investments so that I can work on whatever I want or not work if I don’t want to.
What’s your 401K/IRA balance and how many years it took to get to that balance? Mine is 107K combined in 8 years, I know it’s pretty low.
How much does everyone save on avg a month? Right now I'm at $2,500 not counting 401k...trying to see if this is in the low or high side
People who make 250K+ - do you still feel like you need / want more? Do you have a number in mind that you think is enough? Do you think you will need more when you reach it?
5 years away from Reserve retirement. O3, O4 in 1-2 years. Retire as an O4. Anyone else been sticking it out and at the firm? Feel like it's going to be hard. I almost got out, but then when I stopped seeing the extra $600 a month, and realized what I would be losing with free healthcare and a pension...just doesn't seem like it's the best move to get out. Start grad school next year too. My commander is awesome and the unit is flexible, which is why I think I could stay. Just don't want it to hurt my consulting career. Thoughts?
A friend of mine is worth $20M because of RSUs he got in a startup. I have been feeling really jealous of his accomplishments; the fact that he can retire any day now, have as many kids as he wants, and his $$$ home. This has made me depressed and resent him. Does anyone have any tips for me to overcome the jealousy?
For those that have pensions in their current companies, what are you planning to do with that amount when you quit? I’m thinking of rolling it over to an IRA/401K but thinking about just taking a lump sum cash amount (FWIW, it’s like maybe 16k)
Question about solo/self-employed 401ks: If I create a sole-member LLC for a side business and create a solo/self-employed 401k, am I only allowed to make contributions from the earnings earned via the LLC? Or am I allowed to contribute money earned from a different source (ie W-2 job).
My gf and I are early twenties. She lives in the city with a friend. I live at home. Most of her income goes towards rent and eating out/doing stuff in the city, and I save/invest aggressively, so we have quite a gap in net worth. I try to tell her to cut back on spending but she says it’s what makes her happy. Any one had a similar experience/ have advice?
Is this all there is? Work for 40 years then you retire and die? Every time I post in the other bowls about having no motivation I get told I’m depressed. I mean they aren’t wrong but who are these people who actually have motivation to work...
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For everyone who says they were reached out to with an offer of $X more, are you going through the full interview process? Or are you getting the salary offer up front?
Vote on top exit opp:
If you had to compare your office (or a client's) to a television show, what would it be?
Anyone watching Depp v Heard?
Decided 2017 will be my last year in consulting. Going to go open a bar in the mountains and experience life. FB will be the only thing I'll miss.
Unrelated to Consulting: Bieber's album is 🔥🔥🔥
Uber driver (UD): So what do you do? Me: I am a management consultant UD: So you work in IT? #indianproblems
Last year, My girlfriend was making 80k while I was making 200k so I took her out to dinners and took care of the groceries etc. Basically made sure it’s an equitable relationship. She got a new job this year and is now making 210k (more than me) but still expects me to pay for all the dinners and groceries. I’ve already talked to her about this but just resulted in argument. Is there any coming back from this situation to make this equitable relationship or is break up the only option here?
In your opinion, what can companies do to make racial diversity in management and corporate leadership positions a priority?
The feeling of waking up too late to catch the 6am flight but then switching flights and going right back to sleep. Yaaaas!
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