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Exl offices not opening anytime soon right ?
Anyone got extra tickets to worlds or is going?
Hi, any fellow Deloitte lgbt consultants?
Hii Guys, Could anyone give me some clarity on the below point. I have cleared 2nd round of technical interview at Deloitte, but my candidature is still showing as interview in progress at Deloitte careers page. I had a discussion with HR on this and she told me that next process is pending from management side. It's been almost 10 days since from 2 nd round of interview. How much more time does it gonna take, any idea? Or is it normal. Please help me with this 🙏🙏 .Deloitte
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Decided to payoff my mortgage.
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Mentor
You can use all kinds of online tools and spreadsheets… but napkin math is easier for a quick check in… Annual Lifestyle Spend: $100k @ 3.6% drawdown = $2.78M… Time until retirement: 20 years… Current Liquid Assets: $1.00M @ 5% (minus 2% for inflation, net 3%)… Savings Rate Required: $3,000/mo (all sources)
Nice and easy and you didn’t even have to break a sweat… 😂
Mentor
Similar situation to you… 2 kids, daycare and an au pair… 4 mortgages and 6 car payments…
But I work with folks regularly on this, and you really need to determine what’s your discretionary spend, ideally… try to imagine your days… are you 50, not working, golfing every other day and having dinner at the club; or do you have the outdoors and want to woodwork and eat at home everyday? Spending on college tuition? What cars, clothes, habits, travel? You need to focus on a retirement lifestyle and work the cost backwards…
At 60, this are still moving pretty smooth healthwise usually… 70, slow down a bit, 80, slow down a lot, 90+ your not going anywhere besides doctors appointments and it typically becomes a large portion of your annual expenses…
Then there’s gifting, would you prefer to gift your kids money when your around to see how it improves their lives or after you pass?
All considerations…
I'm being conservative - planning for what I think max expenditure years will be as if that were every year, but realistically figure i can do the first ~10 under that, then relax a bit depending on how finances, market, etc are doing for 10-20, then figure things could get spendy for last 10-20 with health care costs.
Save like hell and make sure you put it in a Roth ira that way when you retire the taxes are already paid when you take it out.
From the retired guy.
Basically plan for passive income to be at least 2-3x annual spend, that way should hopefully not run out of money. If annual spend increases - then passive income needs to grow accordingly. Any unexpected lumpy spend is covered by the 2-3x margin.
Really bad case can start withdrawing funds but otherwise aim to continue growing NW in retirement indefinitely while spending and hedging against inflation or unexpected costs.
Nope - will pass on to my kids / charities. Also just curious to see how much I can grow it even in retirement.