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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
Roth vs Traditional 401k, thoughts?
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I am Chartered accountant with 3 years post qualification experience in assurance global audit from big 4 working for canada. I am getting a CTC of 13.80LPA fixed and variable 1.48 LPA. Is this enough or should I ask for a hike..EY Deloitte KPMG PwC . I am not seeing any notification on the coming hike..
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Sooo AMC.. who’s in?
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what bull market? did you see what happened yesterday? one person is powerful enough to manipulate the entire stock market. it's not a bull market - it's a manipulated market
Lol. It's still a bull market, and when has the market ever not been "manipulated"?
Wow, you guys are young. I lived through the dotcom burst and the 2007/8 financial crisis and I learned one thing - don't count your money until you sell. I've seen paper gains come and go many times. Now that I'm about to retire, I have some level of more conservative investing (like 20% portfolio is bonds and equivalents), but am still mostly planning on riding the market.
Before you retire, look at your portfolio and ask - if it goes down by half, would I survive? If the answer is no, you have no business retiring. My personal situation planned for pulling 3% annually from my Roth 401k, plus my fixed annuity (pension), assuming the market goes down by half. Plan for the worst, but hope for the best. Good luck!
Coach
If you have an advisor, I would ask them to stress test your plan… or you can do the math yourself… but if you had two years of 15%-20% drawdowns followed by unfavorable markets (less than average returns)… would you still be able to live your life without compromise… that’s the goal…
Mentor
S&P is up 12% this year, it’s been another good year so far.
But markets will do their thing, could easily be 20% down over the next 12 months
And then will still be net up a year later. “This time is different” gets wheeled out every few years. It’s always bounces back past previous ATH’s. The U.S. is not Japan.
Like C1 said, some of you have not lived through investing in a bear market.
I have been reading the Boglehead discussions on the 2008 GFC. The GFC was a quick tumble from the October 2007 ATH and slow burn bear market that did not bottom out until March 2009 (DJIA 6,469.95) which was 17 months later.
Those who were nearing or actively in retirement in 2007-2009 who did not have a 2-3 year cash cushion had to sell part of their investment holdings during 2007-2009 to finance living expenses. On top of this, many people lost jobs in early 2008 which forced some selling.
There have been a lot of calls lately (from Jamie Dimon and others) that we're due for a correction. That obviously makes sense, things can't just keep climbing, especially with all the chaos in the background. Yesterday, I think, was a blessing, a warning in all of our ears not to get complacent.
"You know, I said there's storm clouds but I'm going to change it … it's a hurricane," Dimon said Wednesday at a financial conference in New York...You'd better brace yourself," Dimon told the roomful of analysts and investors. "JPMorgan is bracing ourselves and we're going to be very conservative with our balance sheet." June 2022
Yes - you need to live a few years where despite contributing $2,000 a month your money stays flat month over month over month. With blind trust it may or may not ever go up.
Yes yes, conventional wisdom says it can go up or down. But what we’re experiencing right now is an intentional devaluation of the American currency of about ~10% so far this year. Being up ~12% markets really means you stayed about flat. Markets will continue to irrationally go up despite insane valuations because there’s a huge fear of holding cash.
Is that how to think about this? Isn’t inflation in the US more relevant? Feels like the devaluation doesn’t necessarily impact me if I’m just keeping USD and the prices locally stay put.
There's going to be lots of downs and ups before you retire. The trick is to invest more whenever it dips, while it's "on sale".
Subject Expert
If you were really financially ready to retire yesterday you still are today.
Mentor
I guess it’s a choice.
Let’s say someone age 41 with 80% of their FI number.
With 100% equities you might hit the FI number at average age 45 +/- 3.5 years
With 50% bonds it’s maybe age 46 +/- 1 year