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Hi fishes,
I have recently joined Oracle and got a mail from medi-assist for enrollment of dependent under GMC medi coverage. But I have ended up with login issue in medibuddy. Please help me with the further step, the window will be closed on 24th Oct. Amazon Tata Consultancy Infosys Cognizant Oracle Capgemini Wipro HCL Technologies
Got laid off today at deloitte. Is anyone hiring
Any opening in accounts and finance
Bowl Leader
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All depends on what ‘retire’ means to you ? At 55 you have a whole other potential career ahead of you .., and never met anyone who lasted longer than 12 mos at travel , golf , hobby type lifestyle ..
Agree probably do “advisory “ work and non profit work in between traveling
Trying to figure out how I am tracking.
41 Married with two kids 4 & 6.
Assets
$900K in retirement
$3.5M ($2.8M) in home equity
$730K in other real estate assets
$600K liquid
Income
$1M combined income with wife. I am a MD at a big firm.
Live in LCOL state but house is on the more expensive side to maintain.
Liquid NW looks a little light, but in good position vs most. I’m a few years younger and my liquid NW is maybe 7x higher.
Here's a consulting answer - it depends. You're welcome.
Tell me how much your shoes cost and I'll tell you how much you need.
My most expensive shoes cost me $700 - but I’ve had them for over 11 years and had them resoled 4 times. I can easily get another 5 years out of them. They will easily end up being the cheapest shoes I own. Buy once, buy quality.
Liquid assets of at least 25x (33x is better) your pre-tax spending. Don’t forget to add private healthcare costs to the spending.
Im at 6.6M liquid plus 1.8M in equity in my home and summer home + PEnsion annuity vested in addition and no debt … enough ?
How did you decide to pull the plug ey2?
Enough to cover your projected expenses from passive income and any either needs you have. The potential range of correct answers for different people is massive.
3 million if you own your house and are debt free
Mentor
This is probably the most accurate answer. Assuming a primary residence owned outright, no other debt, and no college expenses for kids, using the 4% rule $3M is $120K/year (at a lower tax rate than before) and is plenty unless you want to live a jet setter life. I've spent the last 25+ years living out of airports and hotels, no thanks.
25x-40x spend. 25 bare min and 40 luxe spend. I’m targeting somewhere in btw with 40 as stretch goal
As a Deloitte MD, don’t embarrass us further, buddy. The BCG person just answered the question. I would think a big 4 accounting consulting guy can now connect the remaining dots. 😃😃
What about the question is embarrassing or surprising?
ChatGPT
How much is pre tax annual spending per person that you would target at retirement
- so $20 k a month, $10k etc.
Yes 15k for both
40x is safer
Anyone here in the boat of planning to live I. Two countries - would welcome advice on that aspect
Ditto