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I'm wanting to know what people think is better. Kaiser or ucla health for working as an admin staff. Ucla seems to have good pay from what I see on the job descriptions but kaiser only shows pay grade. Ucla has pension and a raise it seems every year. But I was alao told kaiser offers a dollar each year as a raise. I want a place I can grown and stsy Long term. Any one have any insight on kaiser and what they offered.UCLA Health Kaiser Permanente
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But what if you *are* Partner 1?
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I’m not a partner- I’m 31, SM, and my number is $4m. My net worth is $1.2m and I intend to get to $4M ish by 37-38 using my current investing strategy. I am not factoring in making partner and increasing my take home or anything. Current saving rate and growth rates should get me there. If I hit those numbers, I will quit consulting to start my real estate development/ brokering business.
I’m sure the city has to matter as well. The massive tax rates I pay including the nyc tax doesn’t leave much to save that much.
10M
This is my number too.
Not a partner but my number is 6 million. I’m at ~ 300k invested, 3 years into a 30 year mortgage and 35k in cash. I’m 34, married, no kids (planning soon). Loooooooooooooong way to go.
Thx for sharing.
I don’t really think of it in those terms. Technically, probably already have enough money, but like my job. Maxing our my pension will probably be a trigger though.
Coach
$10m(not including primary residence) so I can live by the 5% withdrawal rule very comfortably and not be at risk of the firm going under for whatever reason and ruining my retirement. Any pension on top of that is just a bigger boat. It’s also a good amount where my children and grandchildren will be set for life via a trust providing for basic housing and a killer education.
McK1’s comment sounds moronic and insecure (trying to show off thoughtfulness by assuming others haven’t done so implicitly). Hmmm, a McK partner at 45 (assuming normal trajectory) makes about $1M and after taxes/expenses would never come close to the earlier estimates (most likely undershoot projected income levels).
No my friend. I am mid thirties. Live within my means and invest a lot in multiple asset classes. My current CAGR for the past 10 years is about 21%. This has dropped recently because I took hit in March and didn’t invest back much. BTW - how did you reach the conclusion that McK folks at 45 make about 1M? I must know at least 50 partners and at least 70-80% are less than 40 years old making more than 1M per year.
10M
$20M
$10M should be fine for me across primary home , rentals and other investments . $4M+ now and about 15 more years I want to work at the most . Reality is that I don’t think that much will be needed since we don’t really mind going down significantly in life style even before retirement .
It’s interesting that majority of you are talking about a $$ number and not a combination of retirement age and $$ number. I prepared my wealth plan with expected life, major goals (like private schools for kids), yearly expenses in retirement, nominal % gains on investments etc. and then came to a retirement age of 45 years. I track it rigorously and due to Covid I think I will push out the retirement age by an year.
What’s your number at 45?