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Quantum meruit! Res judicata! Mea culpa! Wait, what?
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Disney Streaming Services I completed my interview process with DSS early last week, and was reached out by recruiter that all rounds were strong hires, and they are extending an offer. We set a time to talk on Friday about the offer. However, the announcement of targeted hiring freeze happened on Friday. I was ghosted with no call. What should I expect now? Would I still have chance to be offered?
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Anyone here ever been to RCA? Is it worth it ?
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Are you paying attention to the economy and inflation? None of us will have enough money for retirement. The history of situations such as what we are currently trending toward is that pension and retirement funds become nationalized, both private and public, and then some sort of welfare system is put in place for the elderly.
The exception could be that because of our size and our currency’s status with the power of the petrodollar, we may have some sort of new outlier future. Possibly a new currency and if so all bets are off as to how much our funds would be converted into.
There are possible good outcomes, but it doesn’t seem likely unless China collapses soon (within 30 years) and the EU has to rely on us as a singular economic power with a hint of solvency. If that’s the case, then our debt and currency issues don’t matter. And the possibilities with the timeline I describe makes the current moves with the BRICS very relevant.
TL:DR I think we are probably all screwed. I don’t know where to run to, though, if it comes to that. Most likely war is coming in some form if it isn’t already happening.
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Well, not every state's pension system is the same. If your salary totally is lacking, then I'm guessing the same will be said of your pension. Most teachers that I know think they will be able to live off their pension alone, and don't do other investments. That's a bad idea, and I will be getting upwards of 85% of my salary when I retire. I could live off that, but inflation will knock that down, for sure.
I think you’re doing a good job, OP. I don’t think I was very cognizant of my retirement savings by my 3rd yr of professional work and I wasn’t married at the time either.
You’ll be able to gauge what you need to, modify, adjust as time goes on. Good job!
Depends where you live and the cost of living along with your expenses & potential debt. You can always go back to work after retirement.
A 457(b) plan is also good. Check the flexibility it gives compared to a 403b. I like having both plus a Roth IRA. The tax savings plus account growth has helped me considerably.
Get a financial advisor who can provide you with a professional financial needs analysis and let you know if you have enough money for retirement. My side business is being a financial consultant where I provide individuals with free financial needs analysis for short and long term goals. I’m currently with PFS investments a/k/a Primerica Financial Services- we are located throughout the entire USA. You can also contact any other financial institutions that can sit with you to provide you with a financial portfolio that suits your individual needs. Good luck!
Invest in the proper accounts that fit your individual needs
I would look into annuities. I like a guaranteed pay out plan that cant be lowered but that can increase if the rates go up.
Be careful of an annuity plan that advertises a minimum of 10% return per annum. It sounds good, but it’s 10% only on your pay in, not on the return. Also, it stops growing when they start to pay out at 65 so inflation will eat away at it. Not all plans are like this, but read the fine print very carefully and only buy one from a fedutiary (sp). They legally have to have your interests at heart, not their commission opportunities. Always ask them if they are, they must legally answer yes or no.